Cleveland Cavaliers Odds 2023: Tracking Cavs' Odds to Win NBA Finals

Fact Checked by Wes Roesch
J.B. Bickerstaff talks with Donovan Mitchell

Key Takeaways:

  • The Cleveland Cavs' odds to win the NBA Finals are +2000 per FanDuel.
  • Using implied probability, that's a 4.76% chance for the Cavaliers to win the NBA championship.
  • Cavs forward Evan Mobley holds the third-shortest NBA odds for Defensive Player of the Year at +750.

The last time the Cleveland Cavaliers walked off the court, if they had turned their heads they would have seen Knicks guard Jalen Brunson hanging from the rim and screaming in celebration, wearing a t-shirt bearing a picture of John Starks. Not exactly a moment Cavs will want to remember, even if those who were there to witness it might never forget it.

With expectations high last season following the acquisition of Donovan Mitchell and a 51-31 regular season, the season โ€“ because of that 4-1 loss in the NBA playoffs โ€“ ended up being an abject failure. It was one of the worst performances in the entire Eastern Conference.

Georges Niang, Ty Jerome and Max Strus have been added in free agency to add some three-point shooting, and Damion Jones is now the backup center behind Jarrett Allen. There is no LeBron James, but you never know where that guy will finish his career in a year or two or three.

Middle of the pack team in the east? Probably. But what seems probable now can look a whole lot different in the spring.

A Quick Glance at the Cleveland Cavaliers NBA Team

๐Ÿ‘‘ NBA Finals Championships:1 (2016)
โญ NBA Finals Appearances:5 (2007, 2016, 2017, 2018, 2019)
๐Ÿ’ต Where to Bet on the Cavs:18 legal sportsbooks in Ohio, including BetMGM, Caesars, FanDuel, DraftKings, WynnBet, PointsBet, betJACK
๐Ÿค Cavaliers Sportsbook Partner:Caesars

Cleveland Cavaliers 2023-24 Odds

The first-round flameout against the Knicks after a fourth-place finish in the East was a super-downer, especially given that it happened in just five games against the team that the Cavs outbid for Mitchell. Better things were expected, but hey, the Milwaukee Bucks went out in the first round, too.

Below are odds for the Cavs to win the NBA Finals, the Eastern Conference Finals and more, via FanDuel Sportsbook Ohio.

Cavs BetOdds
Win NBA Finals+2000
Win Eastern Conference Finals+850
Win Central Division+300
Over 50.5 Wins-122
Under 50.5 Wins+100
To Make Playoffs-1200
To Miss Playoffs+680
NBA In-Season Tournament Winner+1400
NBA In-Season Tournament Group A Winner+170

Only eight NBA teams have shorter numbers than the Cavaliers' odds, and the team that knocked them out of last year's playoffs (the Knicks) has odds of +5500, which ranks them 15th most likely to win.

This means a couple of things: There was a learning curve with Mitchell and his new teammates; the additions of Strus and Niang were rated highly; the big man tandem of Allen and Mobley is going to be tough for most opponents in a seven-game series. As mentioned above, the Bucks went out in the first round, too. But does them make them bad? Or unfortunate? It is the former, and the same thinking holds with the Cavs.

2023 Cavs Team Projections

There is no doubting that coach J.B. Bickerstaff begins the season on one of the hottest of hot seats, especially after Mike Budenholzer (Bucks), Doc Rivers (76ers) and Monty Williams (Suns) lost their jobs following playoff flameouts last spring.

But given the fact that Mitchell needed to learn a new system, and the loss of Collin Sexton in the backcourt robbed the Cavs of a second speed starter in the backcourt, Bickerstaff gets more time to make this work. The dude did have 51 regular-season wins, an improvement of seven over the previous season.

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Latest Cavs News and Key Developments

Veteran guard Ricky Rubio puled out the World Cup for defending champion Spain early in August after he was MVP of the 2019 tournament in China. He is coming off a subpar year for Cleveland after suffering the second torn ACL of his career. When healthy, he is a solid and steady backup to Darius Garland.

  • ๐Ÿ“† July 19, 2023: The NBA announced that the Cavaliers and Brooklyn Nets will play at Accor Arena in Paris on Jan. 11, 2024. This will be Cleveland's first game in Europe.
  • ๐Ÿ“† July 17: The Cavaliers captured the NBA 2K24 Summer League championship with a 99-78 victory over Houston behind 28 points from Isaiah Mobley, a second-round pick in 2022 who played 13 games for the Cavs last season and has signed another two-way contract.
  • ๐Ÿ“† July 8: Cleveland acquired center Damian Jones from Utah for cash considerations. Jones has won two NBA titles at Golden State.
  • ๐Ÿ“† July 6: The Cavs acquired Strus from the Miami Heat in a three-team trade with Miami, jettisoning Cedi Osman and Lamar Stevens to San Antonio and a second-round pick to Miami.
  • ๐Ÿ“† July 6: Cleveland signed free agents Georges Niang (Sixers) and Ty Jerome (Warriors) and re-signed Caris LeVert to a two-year, $21 million contract.
  • ๐Ÿ“† July 6: The Cavaliers drafted Emoni Bates of Eastern Michigan with the 49th pick of the NBA draft.

Readers should bookmark this page for the latest Cavaliers news and how it impacts their odds.

Key Contributors on the Cavs Roster

Donovan Mitchell finished 10th in the league in scoring with an average of a career-high 28.3 points while shooting a career-best 48.4 shooting percentage from the field. He is the Cavaliers' go-to player, and Darius Garland remains one of the NBA's greatest speed freaks, whose assists average of 7.8 was seventh-best in the NBA and complimented his 21.7 points per game scoring average.

Jarrett Allen and Evan Mobley are the defensive anchors along the front line, with Mobley averaging 16.2 points and 9.0 rebounds, and Caris LeVert is their Swiss army knife off the bench. Max Strus and Ty Jerome should provide additional three-point shooting to replace what the Cavs got from the departed Cedi Osman.

Where Can I Bet on the Cavs?

There are now 18 sportsbooks operating in Ohio, including industry leaders BetMGM Ohio, DraftKings, FanDuel, and Caesars. The sports gambling industry will be watching Fanatics Sportsbook closely after they debuted Aug. 16 in Ohio along with Massachusetts, Maryland and Tennessee. Needless to say, there will be a wide variety of Cleveland Cavaliers odds and bets, including a variety of odds to win the NBA Finals.

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Cleveland Cavaliers 2023 Schedule: Top Games

vs. New York Knicks, Oct. 31, 7:30 p.m. ET, TNT

This will be the Cavaliers' first look at the team that knocked them out of the postseason, and it is the first half of a home-and-home back-to-back. Cleveland went 1-3 against New York last season before going 1-4 in the postseason. The point differentials in the final three games were 20, 9 and 11, and the Cavaliers were favored by 5.5 in their last game of the playoffs.

at Philadelphia 76ers, Nov. 21, 7:30 p.m. ET, TNT

Every center in the NBA is going to bring his best against the reigning MVP, Joel Embiid, and Jarrett Allen is no different. There is a "kick him when he's down" mentality surrounding Embiid after his playoff flameout, and the TNT crew will be piling on for this broadcast.

at Los Angeles Lakers, April 6, 3:30 p.m. ET, NBA League Pass

This will be stop No. 4 on a five-game Western swing that ends with a back-to-back against the Lakers and Clippers, and it also includes tough ones against the Nuggets and Suns. The Cavaliers went 15-15 ATS and 15-15 on over/unders against Western Conference teams last season. What are the odds of that?

How to Watch the Cavs

Cavs games are broadcast on Bally Sports Ohio and are available on NBA League Pass and the NBAApp.

How to Get Cavs Tickets

Cavs tickets can be purchased at the Rocket Mortgage Fieldhouse box office, through TicketMaster and on, or on the secondary market at sites including SeatGeek, Vivid Seats and StubHub.

What's the Cavs Arena?

Rocket Mortgage Fieldhouse was formerly knows as Quicken Loans Arena and Gund Arena.

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Cleveland Cavaliers FAQs


Chris Sheridan is a veteran NBA writer who has been covering the league since 1992, with a specialty in international basketball after being credentialed for every Olympics since 1996 in Atlanta. He has been covering sports gambling since 2018.

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