Inside The Heat

Miami Heat NBA Odds: Latest Betting on Playoffs, Championship & Futures

Stay updated with the latest Heat NBA betting odds. Our experts provide insights on their NBA Championship odds, playoff chances, and much more.

Mark Lammey

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Miami Heat

The Miami Heat have been one of the premier teams of the Eastern Conference and entire NBA in recent years, even if their regular season doesn’t demonstrate that. Whether they’re a top seed or forced to go through the play-in tournament, they’re a major threat to any team with the NBA Finals on their radar.

With that in mind, it’s only fitting the Heat betting odds have become more and more popular. This article will serve all your Miami wager needs, whether it’s the Heat odds to win the championship, Heat playoff odds for 2023-24 or even player award futures, we have you covered.

We’ll also be sharing the best NBA betting sites with some incredible welcome bonuses so that you can use the Heat betting odds in the best way possible.

🏀 Miami Heat Odds: Futures Markets

We’ll have those aforementioned player award futures for you coming up, but first, we’re focused on team-based markets such as the Heat title odds and Heat odds to make the playoffs with prices provided by the best NBA betting sites.

🏀 Miami Heat Odds to Win the NBA Championship (+2800 at DraftKings)

After an NBA Finals appearance in the 2022-23 season, it’s only fitting to start with the Heat championship odds. If they make it yet again, there will likely be Heat odds to win the series, but until then, to win it outright comes with +2800 odds at DraftKings. Those are longer odds than our experts were anticipating given the pedigree and recent history, but it provides more value than teams like the Milwaukee Bucks and Boston Celtics atop the list at +400 odds.

🏀 Miami Heat Eastern Conference Winner Odds (+1100 at FanDuel)

Before we get into the Heat odds to make the playoffs, we have their conference and division winner odds. Not many fans had Miami representing the Eastern Conference in the NBA Finals last season, and they’re behind a few teams yet again. Unsurprisingly, it’s the Bucks and Celtics leading the way as +180 favorites, while Miami comes with +1100 odds at FanDuel. The Philadelphia 76ers (+750) and Cleveland Cavaliers (+1000) are the only other two teams with shorter odds.

🏀 Miami Heat Southeast Division Winner Odds (-160 at Caesars)

Despite several teams ahead of Miami in those previous markets, the Heat betting odds to win the Southeast Division avoids each one of those opponents. So, Miami is the odds on favorite to do so at a -160 price at Caesars. The next-closest team is the Atlanta Hawks with +190 odds, and then there is a very wide margin between them and the Orlando Magic at +750 odds.

🏀 Miami Heat Odds to Make the Playoffs (-600 at DraftKings)

Of course, the NBA playoffs are earned through the conference standings rather than divisions, so the Heat playoff odds for 2023-24 may be your preferred approach. However, given they’re a heavy favorite to do so, it may not be the best strategy. Miami is -600 at DraftKings for the “Yes” to make the playoffs, while they’re +425 to not make the playoffs.

🏀 Miami Heat Season Win Totals Odds: Over/Under Market (45.5 Wins at Bet365)

Instead of paying such an expensive price on the Heat odds to make the playoffs, you can roll with their win total instead. In that regard, Bet365 Sportsbook has set Miami’s win total at 45.5 with +100 odds to the over and -125 odds to the under. That would suggest that oddsmakers are predicting a 45-win season, which would be just one more win than they had in 2022-23.

⛹🏼‍♂️ Miami Heat Player Prop Bet Odds

If the Heat odds to win the championship don’t jump off the page at you and since we don’t have Heat odds to win a series just yet, let’s go through some Miami player prop futures.

Jimmy Butler Regular Season MVP Odds (+6600 at BetMGM)

Many fans outside of Miami jumped on the Heat bandwagon when LeBron came to South Beach, but since his departure, it’s now all about Jimmy Butler. One of the primary factors for Miami’s success in the postseason is ‘playoff Jimmy,’ and he’s worthy of the nickname.

Seeing him with long +6600 BetMGM odds is just as surprising as the Heat title odds at +2800, so this could be a very valuable approach. For comparison’s sake, Denver Nuggets’ Nikola Jokic is the favorite at +450 odds. Butler averaged just under 23 points per game in 2022-23, and while his raw stats may not be Earth-shattering, what he brings to the game is far more than numbers.

Bam Adebayo Defensive Player of the Year Odds (+1200 at FanDuel)

Another reason for Miami’s playoff success is their play down in the paint led by Bam Adebayo. He’s one of the league’s best rebounders and overall defensive players. Therefore, we fully expected to see Heat betting odds in the Defensive Player of the Year market. Adebayo has +1200 odds at FanDuel to win the award, which is the fifth-shortest of any player. In front of him is Jaren Jackson Jr. (+500), Evan Mobley (+700), Giannis Antetokounmpo (+850) and Anthony Davis (+850).

Erik Spoelstra Coach of the Year Odds (+800 at DraftKings)

To tack on yet another reason why the Heat odds to win the championship were surprisingly long, they have the head coach with the pedigree to lead them to a title. Erik Spoelstra was recently named one of the top 15 head coaches of all time when the league announced the NBA 75th anniversary team, and rightfully so.

Not only has Spoelstra led Miami to multiple NBA Finals appearances, but he won back-to-back titles in 2012 and 2013. Oddsmakers are respecting that, as his +800 DraftKings odds are the third-shortest to win Coach of the Year. That’s behind only Mark Daigneault (+650) and Adrian Griffin (+700).

💻 Best Miami Heat Betting Sites

Whether it was the Heat championship odds, Heat playoff odds or the awards props that caught your eye, you’ll want to make sure you’re a member at each of the top NBA sportsbooks and best NBA betting apps, and we’ve got you covered.

Each of our exclusive banners below will ensure you’re able to claim each operator’s current sign-up bonus by either automatically enrolling you or activating their promo code. That will allow you to claim guaranteed bonus bets or first-bet insurance, so you won’t want to miss out. Additionally, joining each of these NBA betting sites will ensure that you’re always getting the best prices, whether you’re looking for the Heat title odds, Heat odds to win a series once the postseason rolls around or the Heat playoff odds for 2023-24 itself.

🔥 How to Bet on Miami Heat

So, you now have the best NBA betting sites at your disposal, so how can you bet on the Miami Heat? Not to worry - we have you covered there as well.

  • Get Registered: Join each of the most elite NBA sportsbooks that we shared with you above by clicking on those banners.
  • Depositing Funds: Make an initial deposit, ensuring that you meet the requirements for the new-user promo that is available to you.
  • Check Out the Markets: There are many more markets than just the Heat betting odds we’ve shared with you here, so be sure to check out everything that’s up for grabs.
  • Making Initial Wagers: Like your initial deposit, make your initial wagers that satisfy the new-user promo you are currently claiming.

🔥 Betting on Miami Heat in Florida

Despite Florida being one of the most populated states in the country, it has yet to officially legalize sports betting due to the Seminole Tribe having the rights. However, it is in the works, and there has even been a Hard Rock mobile app made available recently. Given the fact that it will instantly become one of the largest betting markets, we expect the Heat odds and all betting markets to eventually make its way to the Sunshine State.

🤓 How to Read Miami Heat Betting Odds & Calculate Winnings

Once you're ready to take full advantage of the Heat betting odds and have joined the NBA sports betting sites we’ve shared with you, you’ll want to ensure you understand everything in front of you. With that in mind, let’s go through some basics when it comes to reading odds and calculating your winnings. The best way to do that is by providing examples of betting lines.

The first example will be one with a betting line starting with a plus (+) sign, which is often labeled as the underdog in an individual matchup, and is often seen in futures markets. For instance, the Heat championship odds are +2800. The number following the plus (+) sign corresponds to how much you’ll win based on a $100 bet. So, a $100 bet profits $2,800 as long as Miami indeed wins the NBA title.

The second example is betting on a favorite, on a betting line that starts with a minus (-) sign. For instance, the Heat playoff odds are -600. This time, the numerical value represents the amount needed to be wagered to win $100. In this case, a $600 bet profits $100 as long as Miami indeed makes the postseason.

🗓️ Miami Heat Schedule & Lines for 2023-24

The Heat’s first game of the season is Wednesday, October 25 at 7:30 PM ET at home as Jimmy Butler and company host the Detroit Pistons, and we have the latest odds at DraftKings Sportsbook below:

Point Spread:

  • Detroit Pistons +9.5 (-110) vs. Miami Heat -9.5 (-110)

Money Line:

  • Detroit Pistons (+340) vs. Miami Heat (-440)

Total (over/under):

  • N/A

📈 Miami Heat Last Year Betting Statistics: 2022-23 Season

Regular season record

  • At Home: 27-14
  • On the Road: 17-24
  • Overall: 44-38

Over/Under Season Record

  • At Home: 23-19
  • On the Road: 17-22-1
  • Overall: 40-41-1

Against the Spread Season Record

  • At Home: 14-25-2
  • On the Road: 16-24-1
  • Overall: 30-49-3

📖 Miami Heat Historical Betting Records

Regular Season Record

Over/Under Season Record

Against the Spread (ATS) Season Record

2022-23

44-38

40-41-1

30-49-3

2021-22

53-29

48-32-2

46-35-1

2020-21

40-32

38-34

35-37

2019-20

44-29

43-30

35-35-3

2018-19

39-43

42-40

43-38-1

2017-18

44-38

37-43-2

41-36-5

2016-17

41-41

38-44

48-33-1

2015-16

48-34

34-48

44-38

Other Teams in the NBA

We touched upon some of the other teams in the NBA when breaking down the Heat betting odds, and below you can see the entire league broken down by conference and division.

Eastern Conference

Western Conference

FAQs

❓ What Factors Can Influence Miami Heat Odds?

All types of factors are considered when oddsmakers list the Heat betting odds, such as injuries, recent performance, player trades and location of matchups.

❓ Do Miami Heat Odds Change Throughout the Season?

Yes, it is always important to keep in mind that Heat odds will not only fluctuate throughout the season, but even throughout an individual day.

❓ What Trends & Statistics Should I Consider When Analyzing Miami Heat Odds?

When you’re looking to place a wager on any betting market, be sure to consider things such as how teams matchup, the location of the game and in the NBA specifically, which team has a rest advantage.

Enjoyed this article? Further enhance your betting experience with our guides, handpicked for you:

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Mark Lammey
MARK LAMMEY

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