The full odds are available at Caesars.
The Los Angeles Clippers (21-8) are only slightly off the pace and sit just behind the Lakers for the best odds to win a championship at +275 ($100 bet wins $275).
The Bucks might have the biggest complaint sitting at third on the list at just 4-1 odds. Not only is the team 24-4 with the reigning MVP in Giannis Antetokounmpo leading the way, but the Bucks also recently had an 18-game winning streak that was snapped Monday.
With two head-to-head wins over the Clippers, you could argue Milwaukee should be a top consideration as a title contender.
However, no one on the Bucks is as proven in the playoffs as either LeBron or the Clips' Kawhi Leonard, creating more uncertainty for the betting public. As a big market, Los Angeles also generates more buzz on its own.
The same could be said about the Denver Nuggets, who have just 18-1 odds to win a championship despite sitting third in the Western Conference with an 18-8 record.
The Miami Heat (35-1 odds) also could represent good value based on their level of play.
Just outside the top teams, the Houston Rockets and Philadelphia 76ers are both considered solid bets to win a title with 8-1 odds.