With Finals experience now in hand, the Cleveland Cavaliers are the favourites to take the 2015-2016 NBA Title.

According to odds released on Bodog.ca on Wednesday, the Cavaliers are a 3-to-1 favourites to take home the Larry O’Brien Trophy next season.

The reigning champion Golden State Warriors have the second-best odds at 5-to-1. The Warriors captured their first NBA title since 1975 on Tuesday night.

Rounding out the top five are the Oklahoma City Thunder at 7-to-1, and the Chicago Bulls, Los Angeles Clippers, and San Antonio Spurs who were all given 10-to-1 odds.

Following their second consecutive first-round exit, the Toronto Raptors are middle of the pack with 40-to-1 odds. They were given 50-to-1 odds at the beginning of the 2014-2015 season and made the playoffs as Atlantic Division champions.

Andrew Wiggins and the Minnesota Timberwolves, who own the number one pick in the NBA Draft, open at 150-to-1. Meanwhile, the Charlotte Hornets, Philadelphia 76ers, and Orlando Magic share the longest odds at 250-to-1.

Odds to win 2016 NBA Championship

Cleveland Cavaliers                               3/1

Golden State Warriors                           5/1

Oklahoma City Thunder                          7/1

Chicago Bulls                                        10/1

Los Angeles Clippers                            10/1

San Antonio Spurs                                10/1

Houston Rockets                                  18/1

Atlanta Hawks                                       25/1

Memphis Grizzlies                                 25/1

Dallas Mavericks                                   33/1

Indiana Pacers                                      33/1

Miami Heat                                            33/1

New Orleans Pelicans                            33/1

Portland Trailblazers                              40/1

Toronto Raptors                                    40/1

Washington Wizards                              40/1

Boston Celtics                                      50/1

Los Angeles Lakers                               66/1

Denver Nuggets                                    100/1

Detroit Pistons                                      100/1

Milwaukee Bucks                                   100/1

Brooklyn Nets                                       100/1

New York Knicks                                   100/1

Phoenix Suns                                        100/1

Sacramento Kings                                 100/1

Utah Jazz                                             100/1

Minnesota Timberwolves                        150/1

Charlotte Hornets                                  250/1

Orlando Magic                                      250/1

Philadelphia 76ers                                 250/1

Courtesy of Bodog.ca.