Updated NBA odds: Heat are still favorites to win the NBA title over Spurs, Pacers and Thunder

Steve Mitchell-USA TODAY Sports

Bovada still has faith in the defending champs this postseason.

If you're a betting man, or you're simply into these sort of things, you might be interested in these latest odds provided by the experts.

Bovada still believes the Miami Heat will win the 2014 NBA Championship despite the San Antonio Spurs going on an historic winning streak and the Oklahoma City Thunder ready to make their first title run.

They're also confident that the Heat will be able to hold on to the #1 seed out in the Eastern Conference over the imploding Indiana Pacers as well as winning the East and reaching the NBA Finals.

Odds to win 2014 NBA Championship (Teams in bold have longer odds, teams in italics have shorter odds, and teams in black stayed the same)

Odds on 3/4/14             Current Odds

Miami Heat

11/5                               9/4

San Antonio Spurs

11/1                               7/2

Indiana Pacers

5/2                                9/2

Oklahoma City Thunder

15/4                              9/2

Los Angeles Clippers

12/1                              8/1

Houston Rockets

16/1                              18/1

Golden State Warriors

20/1                              20/1

Brooklyn Nets

66/1                              33/1

Portland Trail Blazers

20/1                              40/1

Chicago Bulls

50/1                              50/1

Memphis Grizzlies

66/1                              66/1

Toronto Raptors

66/1                              75/1

Dallas Mavericks

66/1                              100/1

New York Knicks

250/1                            100/1

Phoenix Suns

75/1                              100/1

Washington Wizards

100/1                            150/1

Charlotte Bobcats

500/1                            300/1

Atlanta Hawks

250/1                            500/1

Odds to win 2014 NBA Eastern Conference

Miami Heat                                5/7

Indiana Pacers                          13/10

Brooklyn Nets                           14/1

Chicago Bulls                            25/1

New York Knicks                       40/1

Toronto Raptors                        40/1

Washington Wizards                  66/1

Charlotte Bobcats                     100/1

Atlanta Hawks                           250/1

Odds to win 2014 NBA Western Conference

San Antonio Spurs                    7/4

Oklahoma City Thunder              2/1

Los Angeles Clippers                9/2

Houston Rockets                      8/1

Golden State Warriors               11/1

Portland Trailblazers                  20/1

Memphis Grizzlies                     28/1

Dallas Mavericks                       50/1

Phoenix Suns                            50/1

Odds to win 2014 NBA Atlantic Division

Toronto Raptors                        1/2

Brooklyn Nets                           3/2

Odds to win first seed in Eastern Conference

Miami Heat                                2/5

Indiana Pacers                          7/4

Playoff Odds

Will the New York Knicks make the playoffs?

Yes      3/1

No        1/5

Will the Atlanta Hawks make the playoffs?

Yes      1/5

No        3/1

Will the Memphis Grizzlies make the playoffs?

Yes      1/6

No        4/1

Will the Dallas Mavericks make the playoffs?

Yes      1/2

No        3/2

Will the Phoenix Suns make the playoffs?

Yes      5/6

No        5/6

NBA Draft Odds

Andrew Wiggins - Will he be selected #1 overall in the 2014 NBA Draft?

Yes                  -400     (1/4)

No                    +250     (5/2)

Courtesy of Bovada (www.Bovada.lv, Twitter: @BovadaLV).

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