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The Cavaliers Are Now The Betting Favorites To Win The 2015 NBA Title

Emmett KnowltonJul 12, 2014, 00:50 IST

Kevin C. Cox/Getty ImagesJust hours after LeBron James announced his return to Cleveland, the Cavaliers are Vegas favorites to win the 2015 NBA Championship.

5dimes, a major offshore sportsbook, now lists the Cavs at +350 to win the 2015 Championship. Here are their 10 favorites, in order (via vegasinsider.com):

Cleveland +350
San Antonio +500
Oklahoma City +650
Chicago +1000
Los Angeles Clippers +1000
Houston +1500
Pacers +1900
Heat +2000
Golden State +2000
Washington +4000

According to Bovada, another big betting site, the Cavs are 4/1 favorites to win it all, ahead of San Antonio at 5/1 and Oklahoma City at 6/1. At the start of the off-season, Cleveland was a 60/1 longshot to win it all, but as rumors of James's return intensified, the odds fell steadily to 10/1, where they stayed until James finally made his decision.

Here's a screen-grab from Bovada. Note that the Miami Heat have fallen all the way to 50/1.

Bovada