Updated NY Knicks Championship Odds Through Season's First Quarter

Andrew BurtonCorrespondent IIIDecember 9, 2012

CHARLOTTE, NC - DECEMBER 05:  Carmelo Anthony #7 of the New York Knicks reacts after making a basket during their game against the Charlotte Bobcats at Time Warner Cable Arena on December 5, 2012 in Charlotte, North Carolina. NOTE TO USER: User expressly acknowledges and agrees that, by downloading and or using this photograph, User is consenting to the terms and conditions of the Getty Images License Agreement.  (Photo by Streeter Lecka/Getty Images)
Streeter Lecka/Getty Images

As of December 9, the New York Knicks are atop the Eastern Conference with a 14-5 record, and because of that, it looks like the odds of them winning a championship have jumped again. 

After being updated on December 5, betvega.com listed the Knicks' odds to win it all at 16-to-1, but that was before New York marched into Miami and knocked off the defending champs by 20. 

I'd say that after that win—even with this past Saturday's loss to the Chicago Bulls—the Knicks have increased their odds at capturing the NBA title.

The Miami Heat (19-to-10), Oklahoma City Thunder (4-to-1), Los Angeles Lakers (5-to-1), San Antonio Spurs (9-to-1) and Los Angeles Clippers (12-to-1) are all listed ahead of New York on that odds list. 

While I agree that two of those teams will be competing against each other for the Larry O'Brien trophy, it's hard to say that Miami deserves to be No. 1, especially after losing two games to New York—by a combined 40 points—and a surprising loss to the lowly Washington Wizards.

That's not No. 1 material. The Knicks have shown what No. 1 material really is.

They're cut from a different cloth. 

The Knicks have outscored opponents by an average of 14 points in their wins, including beating that very Miami Heat team and others like the Philadelphia 76ers and Indiana Pacers—all of which are contenders in the Eastern Conference but not a match for New York.

Looking at the competitors for the championship, it's also hard to say that listing the Lakers ahead of New York is justifiable. 

A Mike D'Antoni-coached team has not succeeded in the NBA yet (see Phoenix and New York), and just because Kobe Bryant and Dwight Howard are on the same team doesn't deem it credible just yet. 

It doesn't help either that the team isn't even playing .500 basketball.

Even Kobe knows that the team still needs to make some adjustments, specifically with key players like Pau Gasol, and we've yet to really see Steve Nash work with this group under D'Antoni.

New York doesn't need to make adjustments just yet, and when Iman Shumpert and Amar'e Stoudemire return, it'll only cement its standing atop the East and probably put the odds more so in favor of New York.

We've yet to see what the Knicks can do against the other top dogs like the Thunder or Clippers, but my guess is that they'll hold their own. 

What makes New York's odds so favorable than the other NBA franchises? 

The Knicks have been playing excellent basketball, and they've overcome some enormous obstacles, beating San Antonio, Dallas and Milwaukee by a combined 28 points. 

They're in the top five in points scored per game. They're also only allowing 94.6 points per game. 

They have Raymond Felton, Carmelo Anthony and Tyson Chandler. 

They have veteran leadership in Jason Kidd and Rasheed Wallace. 

They have a superb coaching staff, led by Mike Woodson. 

The New York Knicks, above everything else, have the pieces to win it all.

Only time will tell.