James Harden Traded To Los Angeles Clippers: How Are The NBA Championship Odds Impacted?
Portfolio Pulse from Chris Katje
NBA star James Harden has been traded from the Philadelphia 76ers to the Los Angeles Clippers, a move that has significantly impacted the sports betting odds for the 2023-2024 NBA season. The trade has boosted the Clippers' odds of winning the NBA Championship from +1700 to +1200 at DraftKings Inc (NASDAQ:DKNG), and from +2200 to +1300 at BetMGM, a joint venture of MGM Resorts International (NYSE:MGM) and Entain. The 76ers' odds also slightly improved from +1900 to +1800.
October 31, 2023 | 6:40 pm
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NEUTRAL IMPACT
DraftKings' odds for the Clippers to win the NBA Championship improved from +1700 to +1200 following the trade of James Harden.
The trade of James Harden to the Clippers has improved the team's odds of winning the NBA Championship on DraftKings. This could potentially increase betting activity on the platform, but it's uncertain how this will directly impact DKNG's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
BetMGM, a joint venture of MGM Resorts International, saw the Clippers' NBA Championship odds improve from +2200 to +1300 after the Harden trade.
The trade of James Harden to the Clippers has improved the team's odds of winning the NBA Championship on BetMGM. This could potentially increase betting activity on the platform, but it's uncertain how this will directly impact MGM's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 75