NBA Playoffs 2014: Updated Bracket and Championship Odds for Each Team

Sean ODonnellContributor IIIApril 21, 2014

TORONTO, ON - APRIL 19:  Deron Williams #8 of the Brooklyn Nets looks to make a play against the Toronto Raptors in Game One of the NBA Eastern Conference play-off at the Air Canada Centre on April 19, 2014 in Toronto, Ontario, Canada. The Nets defeated the Raptors 94-87 to take a 1-0 series lead. 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 Claus Andersen/Getty Images)
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Now that each of the 16 teams comprising the 2014 NBA playoffs have a game in the books, some are one step closer to earning a berth in the finals. Others, however, have some ground to make up.

Already we've witnessed some fantastic finishes, upset victories, road wins and blowouts. Like always, the NBA playoffs have no shortage of drama or intrigue.

While these teams continue on their long, arduous journeys through the postseason, oddsmakers are hard at work determining championship odds for each franchise involved.

Let's take a look at the updated playoffs bracket and odds for each team to come away with the title.

 

Updated Bracket

The complete 2014 NBA playoffs bracket can be found on ESPN.com.

 

Championship Odds

OKLAHOMA CITY, OK - APRIL 19:  Kevin Durant #35 of the Oklahoma City Thunder and Russell Westbrook #0 of the Oklahoma City Thunder celebrate against the Memphis Grizzlies in Game One of the Western Conference Quarterfinals during the 2014 NBA Playoffs at
Ronald Martinez/Getty Images
2014 NBA Playoffs: Championship Odds
TeamOdds
Miami Heat19-10
San Antonio Spurs3-1
Oklahoma City Thunder19-5
Indiana Pacers8-1
Los Angeles Clippers10-1
Houston Rockets30-1
Brooklyn Nets35-1
Chicago Bulls45-1
Portland Trail Blazers50-1
Golden State Warriors60-1
Memphis Grizzlies85-1
Toronto Raptors100-1
Dallas Mavericks120-1
Washington Wizards150-1
Charlotte Bobcats200-1
Atlanta Hawks950-1
Vegas Insider

Despite limping into the playoffs, the Miami Heat are still the oddsmakers' favorite to go the distance.

This team is extremely talented when healthy; however, that's been a serious issue for Miami through the season. Dwyane Wade only played in 54 games this year, and his health will be a huge determining factor as to how this team will fare in the postseason.

With little surprise, the San Antonio Spurs come in with very favorable odds as well.

Boasting the regular season's best record, the Spurs have been on a tear all year long. A well-rounded team, San Antonio continues to display prowess on both ends of the court. The team continues to play at a high level, defeating the Dallas Mavericks 90-85 in Game 1.

The Oklahoma City Thunder's high-octane offense makes them one of the favorites as well.

After defeating the Memphis Grizzlies 100-86 in Game 1, the Thunder continue to roll thanks to the efforts of Kevin Durant and Russell Westbrook. This is a very young team, and it will have to work as a unit if Durant is to secure his first NBA title.

A sleeper to watch could very well be the Brooklyn Nets.

A solid team from the perimeter, the Nets went on a great late-season surge to secure a spot in the playoffs. The Nets are currently one game up on the Toronto Raptors and figure to play the Heat—Brooklyn holds a 4-0 regular-season record against Miami—in the second round.