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Three-peat? Heat already named favorites to win 2014 NBA title

(John W. McDonough/SI)LeBron James (left) and Dwyane Wade have captured two titles together in Miami. (John W. McDonough/SI)

The Heat ended Thursday night as champions and enter Friday morning as favorites. According to the betting service Bovada, Miami has already claimed the top odds for the 2014 title, while the Western Conference champion Spurs wind up in the fourth slot behind the Heat, Thunder and Bulls.

The odds appear to account for several offseason probabilities. Houston has rather favorable odds for a rising eighth seed, in part due to their potential to land Dwight Howard in free agency; Memphis, despite making the Western Conference finals, sees its stock drop with the Thunder's improving health and the Clippers' potential acquisitions; the likelihood of losing either Carl Landry or Jarrett Jack has pulled Golden State down to even odds with Denver; Chicago has better odds than the Pacers, despite the fact that Derrick Rose hasn't played an NBA game since last April. There are plenty of curiosities, which you can sift through yourself with Bovada's odds for the entire league:

Odds to win 2014 NBA Championship

Miami Heat                                2/1

Oklahoma City Thunder              11/2

Chicago Bulls                            15/2

San Antonio Spurs                    17/2

Indiana Pacers                          16/1

Los Angeles Clippers                18/1

New York Knicks                       18/1

Houston Rockets                      20/1

Memphis Grizzlies                     20/1

Los Angeles Lakers                   22/1

Denver Nuggets                        25/1

Golden State Warriors               25/1

Boston Celtics                          33/1

Dallas Mavericks                       40/1

Brooklyn Nets                           40/1

Atlanta Hawks                           50/1

Milwaukee Bucks                       75/1

Minnesota Timberwolves            75/1

Philadelphia 76ers                     100/1

Portland Trailblazers                  100/1

Utah Jazz                                  100/1

Cleveland Cavaliers                   150/1

New Orleans Pelicans                150/1

Sacramento Kings                     150/1

Toronto Raptors                        150/1

Washington Wizards                  150/1

Detroit Pistons                          300/1

Phoenix Suns                            300/1

Charlotte Bobcats                     500/1

Orlando Magic                          500/1

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