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Minutes After LeBron James Announcement, Cavaliers Installed as NBA Favorites

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Thanks to LeBron James's decision to return to his hometown team, the Cleveland Cavaliers have been installed as the favorites to win the NBA title in 2014-15 by one major offshore sports book.

Minutes after the announcement, 5Dimes.eu installed the Cavs as favorites at +350 (bet $100 to win $350). The Cavs are followed by the San Antonio Spurs (+500), Oklahoma City Thunder, and Chicago Bulls. The Miami Heat are listed 8th, at +2000.

Just a week or so ago, the Cavs were longshots to win it all. Bet you wish you got that wager in in time.

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