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This is the current NBA championship odds at the start of the year. GSW is still the 3rd team favorite to win the title. It is because once the current active roster can maintain at least a 50/50 or 40/60 win rate they are still very capable of earning a spot in the playoffs once Curry, Wiggins, and co are back into their regular roles.
Makes sense. The GSW's current ranking is still affected by the absence of some key players of the team, particularly Curry. Even still, Klay and Poole are doing good work by being solid at home, and obviously they need to do something about their on the road games because it's looking to bleak with their recent performances.
The odds also favored the teams that have deep playoff experience rather than the teams that are performing well in this regular season. Fair enough, the playoffs are a whole new level compared to the regular games where sometimes defense and hustle are not fully activated.
If playoff experience is what the odds are based heavily on, I'm surprised that the Clippers fared better than the Nuggets and 76ers. I think it's a mix of experience, current performance, and how well some key players are performing for the oddsmakers to come up with this current ranking.
And I agree that the playoffs is where most of their trump cards are activated. In the off season you'll see players pop off that are usually not that noisy, and then those same players disappear when it comes to the regular season. Usual high scoring games during the off season becomes not so common during the playoffs. Teams don't want to give too much information during the off season, they just want to condition themselves on the possible form of the enemy when the time comes.