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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.