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Heat Favored To Win It All This Season

American Airlines Arena Miami Heat Thanks Fans
Remember that giant bull's-eye painted on the Miami Heat's back last season? Well, it's back this season as well as the Heat have been declared the odds-on favorite to win the title this year, according to our friends over at Bodog.

While I don't necessarily agree with these odds, it's a bit premature considering team rosters won't be filled out until free agency begins. Of course, it would be nice to see these teams actually play competitively before accessing their championship chances.

Nevertheless, here are the odds for every team along with a few other curiousities....

Odds to win 2012 NBA Championship

Miami Heat 9/4

Los Angeles Lakers 5/1

Chicago Bulls 7/1

Oklahoma City Thunder 15/2

Dallas Mavericks 17/2

Boston Celtics 12/1

New York Knicks 20/1

Orlando Magic 22/1

Memphis Grizzlies 25/1

San Antonio Spurs 25/1

Portland Trailblazers 30/1

Atlanta Hawks 50/1

Los Angeles Clippers 50/1

Denver Nuggets 75/1

Houston Rockets 75/1

New Jersey Nets 75/1

Phoenix Suns 75/1

Utah Jazz 75/1

Indiana Pacers 100/1

Milwaukee Bucks 100/1

New Orleans Hornets 100/1

Philadelphia 76ers 100/1

Detroit Pistons 125/1

Golden State Warriors 125/1

Charlotte Bobcats 150/1

Cleveland Cavaliers 150/1

Minnesota Timberwolves 150/1

Sacramento Kings 150/1

Washington Wizards 150/1

Toronto Raptors 200/1

Odds to win 2012 NBA Eastern Conference Championship

Miami Heat 1/1

Chicago Bulls 5/2

New York Knicks 9/1

Orlando Magic 10/1

Boston Celtics 15/1

Atlanta Hawks 30/1

Indiana Pacers 50/1

New Jersey Nets 50/1

Milwaukee Bucks 60/1

Philadelphia 76ers 60/1

Charlotte Bobcats 80/1

Cleveland Cavaliers 80/1

Detroit Pistons 80/1

Washington Wizards 80/1

Toronto Raptors 100/1

Odds to win 2012 NBA Western Conference Championship

Los Angeles Lakers 2/1

Oklahoma City Thunder 13/4

Dallas Mavericks 4/1

Portland Trailblazers 10/1

San Antonio Spurs 10/1

Memphis Grizzlies 15/1

Los Angeles Clippers 20/1

Denver Nuggets 25/1

Houston Rockets 25/1

New Orleans Hornets 30/1

Phoenix Suns 30/1

Utah Jazz 35/1

Golden State Warriors 40/1

Minnesota Timberwolves 60/1

Sacramento Kings 60/1

Season Win Totals

Miami Heat 48.5

LA Lakers 48.5

Chicago Bulls 46.5

San Antonio Spurs 46.5

Oklahoma City 44.5

Dallas Mavericks 44.5

Boston Celtics 41.5

Orlando Magic 41.5

New York Knicks 39.5

Will David Stern retire before December 1st 2012?

Yes +200

No -300