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Updated NBA championship odds: Cavaliers get slight edge over Spurs

Ken Blaze / USA Today Sports

Apparently bringing in LeBron James and Kevin Love can do wonders for a team's outlook. 

After opening the offseason as 40-to-1 underdogs, the revamped Cleveland Cavaliers have rocketed past every other NBA team, including the defending champion San Antonio Spurs, and taken up the mantle of championship favorites. 

Another big mover is Dallas, who jumps to the top of the second-tier contenders pool, right alongside the Houston Rockets, thanks to splashy offseason pickups in Chandler Parsons and Tyson Chandler. 

Here are the latest title odds for every team, via bodog sportsbook:

Team Championship odds
Cleveland Cavaliers 5/2
San Antonio Spurs 4/1
Chicago Bulls 11/2
Oklahoma City Thunder 11/2
Los Angeles Clippers 10/1
Dallas Mavericks 20/1
Houston Rockets 20/1
Golden State Warriors 25/1
Washington Wizards 33/1
Portland Trail Blazers 40/1
Indiana Pacers 50/1
Memphis Grizzlies 50/1
Miami Heat 50/1
New York Knicks 50/1
Toronto Raptors 50/1
Brooklyn Nets 66/1
Charlotte Hornets 66/1
Los Angeles Lakers 66/1
Atlanta Hawks 100/1
Denver Nuggets 100/1
New Orleans Pelicans 100/1
Phoenix Suns 100/1
Boston Celtics 200/1
Detroit Pistons 200/1
Orlando Magic 200/1
Sacramento Kings 250/1
Milwaukee Bucks 300/1
Minnesota Timberwolves 300/1
Utah Jazz 300/1
Philadelphia 76ers 500/1

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