Currently listed at +166700 to win the NBA Championship, the New Orleans Pelicans are a deep sleeper in the futures market with a 0.1% implied chance.
After opening at +2120, the New Orleans Pelicans have drifted to +166700, a 98.7% decline in implied probability. The market's confidence has cooled since the season began.
The New Orleans Pelicans have been inconsistent lately, going 6-4 in their last 10 games, and the market reflects that uncertainty at +166700.
Bettors shopping for the best New Orleans Pelicans price should look at FanDuel, currently offering +500000 — significantly better than BetMGM at +100000. That's a meaningful gap worth capturing.
This season, the New Orleans Pelicans reached their peak market valuation at +1850 on Dec 15 and touched their lowest point at +35300 on Apr 12.
This New Orleans Pelicans odds tracker is your single source for 2022-23 nba championship futures odds. The chart above shows the full odds history — how New Orleans Pelicans title odds have moved day by day — giving you a complete picture of the market's view on their championship chances.