The 2025 NBA Playoffs are underway, and Round 1 has finally come to its conclusion after the Golden State Warriors beat the Houston Rockets 103-89 in Game 7 on Sunday night.

The Thunder (+135) are the title favorites at BetMGM, followed by the Celtics (+190) and the Cavaliers (+600). No other team currently has odds better than 16-1.

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Whereas public betting may waver at times during the NBA season because of all the injuries and load management, the playoffs are a big betting event, Thomas Gable, sportsbook director at the Borgata in Atlantic City — a BetMGM book — told Yahoo Sports.

“From a betting perspective, the handle is very good,” Gable said. “The NBA suffers from the way that they handle the day-to-day season with players resting, and I think a lot of the recreational players have phased out of the NBA because of that. But the playoffs are a totally different story.”

Here are the updated series prices for the 2025 NBA Playoffs from BetMGM:

Round 2 series prices

Eastern Conference

No. 4 Indiana Pacers (+180) vs. No. 1 Cleveland Cavaliers (-220)

Indiana up 1-0

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No. 3 New York Knicks (+240) vs. No. 2 Boston Celtics (-300)

New York up 1-0

Western Conference

No. 4 Denver Nuggets (+240) vs. No. 1 Oklahoma City Thunder (-300)

Denver up 1-0

No. 7 Golden State Warriors (+155) vs. No. 6 Minnesota Timberwolves (-190)

Series tied 0-0

Round 1 series opening prices

Eastern Conference

No. 8 Miami Heat (12-1) vs. No. 1 Cleveland Cavaliers (-2500)

Cleveland wins 4-0

No. 7 Orlando Magic (16-1) vs. No. 2 Boston Celtics (-5000)

Boston wins 4-1

No. 6 Detroit Pistons (+325) vs. No. 3 New York Knicks (-425)

New York wins 4-2

No. 5 Milwaukee Bucks (+165) vs. No. 4 Indiana Pacers (-200)

Indiana wins series 4-1

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Western Conference

No. 8 Memphis Grizzlies (10-1) vs. No. 1 Oklahoma City Thunder (-2000)

Oklahoma City wins 4-0

No. 7 Golden State Warriors (-165) vs. No. 2 Houston Rockets (+140)

Golden State wins 4-3

No. 6 Minnesota Timberwolves (+165) vs. No. 3 Los Angeles Lakers (-200)

Minnesota wins series 4-1

No. 5 Los Angeles Clippers (-115) vs. No. 4 Denver Nuggets (-105)

Denver win 4-3