The Oklahoma City Thunder hold a clear edge in the Western Conference finals matchup against the San Antonio Spurs, reflecting their superior regular-season record, undefeated playoff run, and defensive dominance as the defending champions. Thunder roster depth, including a healthy Jalen Williams and strong bench production, combined with home-court advantage, has shaped trader views on their ability to advance. The Spurs remain competitive through Victor Wembanyama’s elevated playoff performance, guard play from De’Aaron Fox and Stephon Castle, and a regular-season series win over Oklahoma City, though limited postseason experience creates a measurable gap. Recent series trends and injury recoveries continue to influence implied probabilities in this tightly contested conference championship.