Oddsmaker sets Heat as overwhelming favorite to win 2013 title

LeBron James and the Heat are heavy favorites to win the 2013 Finals. (Scott Cunningham/Getty Images)

After posting an NBA-best 66 wins and running off a 27-game winning streak, the Heat have solidified their position as the overwhelming favorite to win the 2013 title, according to one oddsmaking service.

After opening the preseason as 11-5 favorites to defend their 2012 title, LeBron James and company are now listed at 2-3 by Bovada.LV. The Western Conference champion Thunder, who opened at 9-2, have improved to 17-4 after winning 60 games. The Spurs (10-1), Knicks (16-1), Nuggets (25-1), Pacers (25-1) and Clippers (25-1) round out the current favorites.

The Lakers, who opened the preseason at 5-2, have dropped to 40-1 after squeezing into the postseason on the last night of the regular season with a record of 45-37 and losing Kobe Bryant to a season-ending Achilles injury.

Miami will begin its title defense in an Eastern Conference first-round playoff series with Milwaukee that begins on Sunday. The Bucks happen to be the longest shot among the current playoff teams to win the title, listed at 500-1.

A full list of odds for the 16 playoff teams compared to their preseason odds is below.

Miami Heat -- Current: 2-3 ... Preseason: 11-5

Oklahoma City Thunder -- Current: 17/4 ... Preseason: 9-2

San Antonio Spurs -- Current: 10/1 ... Preseason: 18-1

New York Knicks -- Current: 16/1 ... Preseason: 35-1

Denver Nuggets -- Current: 25/1 ... Preseason: 66-1

Indiana Pacers -- Current: 25/1 ... Preseason: 35-1

Los Angeles Clippers -- Current: 25-1 ... Preseason: 25-1

Los Angeles Lakers -- Current: 40-1 ... Preseason: 5-2

Memphis Grizzlies -- Current: 40-1 ... Preseason: 35-1

Chicago Bulls -- Current: 60-1 ... Preseason: 14-1

Brooklyn Nets -- Current: 60-1 ... Preseason: 30-1

Boston Celtics -- Current: 66-1 ... Preseason: 18-1

Golden State Warriors -- Current:100-1 ... Preseason: 125-1

Houston Rockets -- Current: 100-1 ... Preseason: 75-1

Atlanta Hawks -- Current: 150-1 ... Preseason: 75-1