Las Vegas, NV, United States (4E Sports) – Compared to any other team, bettors are banking on the Cleveland Cavaliers to win the NBA title next season at the Las Vegas Superbook.
The Cavaliers have become the favorites in Las Vegas with gamblers thinking that LeBron James could return to the team that he abandoned four years ago.
“They are our biggest liability right now,” said MGM VP of Race and Sports Jay Rood. “We took a dime ($1,000) on them at 40-1.”
The Cavs are currently down to 10-1 at the MGM.
Superbook assistant manager and head NBA oddsmaker Jeff Sherman said that none of the bets on the Cavs have been “significant” in size, but, altogether, the wagers were enough to cut Cleveland’s odds in half, from 60-1 to 30-1.
The defending champion San Antonio Spurs (9-2) and the Chicago Bulls (7-1) are the only teams that have attracted more money than the Cavaliers, but no team has received more overall bets (28) than Cleveland since odds went up on June 9.
In comparison, the Miami Heat, the favorite at 5-2, had attracted only one bet at the Superbook.
Sherman said if James returns to Cleveland, where he spent the first seven seasons of his NBA career, the Cavs’ odds will play around 8-1.
“They are such a young team,” Sherman said of the Cavaliers. “They would be better positioned for the next season than this upcoming one.”