The Oklahoma City Thunder sit as clear frontrunners to repeat as NBA champions, bolstered by their undefeated 8-0 playoff run that includes sweeps of the Suns and Lakers en route to the Western Conference Finals against the Spurs. Shai Gilgeous-Alexander’s back-to-back MVP form and roster depth have driven strong trader consensus around their 58.5% implied probability. The San Antonio Spurs, at 24.6%, have surged behind Victor Wembanyama’s postseason dominance, highlighted by a six-game series win over the Timberwolves. In the East, the New York Knicks’ sweep of the 76ers positions them at 12.8% for a potential deep run, while the Detroit Pistons and Cleveland Cavaliers remain longer shots at 3.9% and 1.7% amid their ongoing conference semifinal matchup.