Odds Shark's NBA underdog betting report will be your top resource for analyzing trends, patterns, records, and profits when each of the Association's 30 teams aren't favored to prevail upon entering a matchup.
Here's a look at all of the data from this past season to help you get prepared for similar circumstances once the 2024-25 regular season gets underway in October.
2023-24 NBA Underdog SU Team Report
| Team | Underdog Win % | SU Record | Profit |
|---|---|---|---|
| New Orleans Pelicans | 56.2 | 18-14 | +$1135.0 |
| Indiana Pacers | 51.3 | 20-19 | +$1405.24 |
| Oklahoma City Thunder | 47.6 | 10-11 | +$165.0 |
| Minnesota Timberwolves | 45.0 | 9-11 | +$100.0 |
| Phoenix Suns | 42.9 | 9-12 | +$145.0 |
| Sacramento Kings | 42.9 | 12-16 | +$0.72 |
| Los Angeles Lakers | 41.7 | 15-21 | +$650.91 |
| Denver Nuggets | 40.0 | 4-6 | +$270.0 |
| New York Knicks | 40.0 | 14-21 | -$150.0 |
| Orlando Magic | 39.5 | 17-26 | +$40.0 |
| Chicago Bulls | 38.8 | 19-30 | +$480.0 |
| Cleveland Cavaliers | 37.9 | 11-18 | +$375.0 |
| Dallas Mavericks | 36.7 | 11-19 | -$539.52 |
| Golden State Warriors | 33.3 | 9-18 | -$619.09 |
| Boston Celtics | 33.3 | 1-2 | -$60.0 |
| Houston Rockets | 31.4 | 16-35 | -$784.76 |
| Miami Heat | 31.4 | 11-24 | -$525.0 |
| Memphis Grizzlies | 30.8 | 20-45 | +$695.0 |
| Atlanta Hawks | 30.0 | 12-28 | -$160.0 |
| Utah Jazz | 28.6 | 18-45 | -$570.0 |
| Philadelphia 76ers | 27.3 | 9-24 | -$520.0 |
| Milwaukee Bucks | 26.7 | 4-11 | -$600.0 |
| Portland Trail Blazers | 26.3 | 20-56 | -$914.76 |
| Los Angeles Clippers | 26.3 | 5-14 | -$490.0 |
| Charlotte Hornets | 23.7 | 18-58 | +$205.0 |
| Brooklyn Nets | 23.6 | 13-42 | -$2084.52 |
| San Antonio Spurs | 20.5 | 15-58 | -$1195.0 |
| Toronto Raptors | 19.0 | 11-47 | -$2379.76 |
| Washington Wizards | 17.8 | 13-60 | -$2424.09 |
| Detroit Pistons | 15.1 | 11-62 | -$3135.0 |
The New Orleans Pelicans teetered the line of being an upper-echelon team in the packed Western Conference or being more of a pretender than a contender, which was great for bettors wagering on them as underdogs but not so much when it came to actually competing for the Larry O'Brien trophy.
They accumulated the strongest win-loss record as underdogs and the second-most profit overall going 18-14 SU before ultimately bowing out in the play-in tournament. New Orleans also joined the Indiana Pacers as the only squads to win as underdogs over 50 percent of the time.
2023-24 NBA Underdog ATS Team Report
| Team | Underdog Win % | ATS Record | Profit |
|---|---|---|---|
| Golden State Warriors | 66.7 | 18-9 | +$736.38 |
| New Orleans Pelicans | 64.5 | 20-11-1 | +$714.25 |
| Sacramento Kings | 60.7 | 17-11 | +$445.47 |
| Indiana Pacers | 59.5 | 22-15-2 | +$500.02 |
| Orlando Magic | 55.8 | 24-19 | +$281.84 |
| Oklahoma City Thunder | 55.0 | 11-9-1 | +$100.01 |
| Minnesota Timberwolves | 55.0 | 11-9 | +$100.01 |
| Memphis Grizzlies | 52.3 | 34-31 | -$0.4 |
| Chicago Bulls | 52.1 | 25-23-1 | -$22.92 |
| Portland Trail Blazers | 52.0 | 39-36-1 | -$58.46 |
| Detroit Pistons | 51.4 | 37-35-1 | -$136.33 |
| San Antonio Spurs | 50.7 | 37-36 | -$240.28 |
| Denver Nuggets | 50.0 | 5-5 | -$45.45 |
| Houston Rockets | 50.0 | 25-25-1 | -$222.92 |
| Los Angeles Lakers | 50.0 | 18-18 | -$163.62 |
| Washington Wizards | 50.0 | 35-35-3 | -$318.15 |
| Miami Heat | 48.6 | 17-18 | -$258.48 |
| Cleveland Cavaliers | 48.3 | 14-15 | -$227.26 |
| Phoenix Suns | 47.6 | 10-11 | -$190.9 |
| Utah Jazz | 47.6 | 30-33 | -$572.7 |
| New York Knicks | 47.1 | 16-18-1 | -$349.39 |
| Philadelphia 76ers | 46.9 | 15-17-1 | -$335.97 |
| Dallas Mavericks | 46.7 | 14-16 | -$327.26 |
| Charlotte Hornets | 43.4 | 33-43 | -$1299.97 |
| Toronto Raptors | 42.1 | 24-33-1 | -$1113.83 |
| Milwaukee Bucks | 40.0 | 6-9 | -$354.54 |
| Brooklyn Nets | 38.5 | 20-32-3 | -$1385.75 |
| Atlanta Hawks | 35.0 | 14-26 | -$1327.26 |
| Boston Celtics | 33.3 | 1-2 | -$109.09 |
| Los Angeles Clippers | 31.6 | 6-13 | -$754.54 |
Unlike in the SU moneyline market, far more teams found a means to success covering the spread as an underdog as opposed to winning straight up. Unlike in that market where only two teams had records above the .500 mark, here in ATS, over half of the league went 50 percent or better.
The Golden State Warriors were the strongest overall covering over one-third of the time, followed by New Orleans as two of only three teams with a winning efficiency greater than 60 percent.
2023-24 NBA Underdog Report - Days Of The Week
| Day | Underdog ATS | Underdog ATS Profit | Underdog SU | Underdog SU Profit |
|---|---|---|---|---|
| Monday | 91-81-1 (52.9%) | +$177.52 | 59-114 (34.1%) | +$1101.39 |
| Tuesday | 61-80-3 (43.3%) | -$2458.44 | 36-108 (25.0%) | -$2628.85 |
| Wednesday | 117-112-4 (51.1%) | -$562.77 | 75-158 (32.2%) | -$2924.52 |
| Thursday | 65-66 (49.6%) | -$686.52 | 38-93 (29.0%) | -$24.76 |
| Friday | 115-107-2 (51.8%) | -$241.02 | 73-151 (32.6%) | -$864.76 |
| Saturday | 72-85-2 (45.9%) | -$1962.38 | 52-107 (32.7%) | -$2488.61 |
| Sunday | 77-82-5 (48.4%) | -$1203.88 | 42-122 (25.6%) | -$3654.52 |
This report chronicling underdog success on particular days of the week is more to assess specific patterns, as there's no logical reason as to why one particular day would have a better hit rate than others. For example, with Tuesday and Saturday being outliers, all other days fall within roughly a five-percent difference of each other both ATS and SU, although Monday is the only day where profit was earned in 2023-24 for either market.
2023-24 NBA Underdog SU Records
| Situation | Underdog SU Records | Profits |
|---|---|---|
| OVERALL | 375-853 (30.5%) | -$11484.63 |
| HOME | 140-326 (30.0%) | -$6991.07 |
| ROAD | 235-527 (30.8%) | -$4493.56 |
| LAST 7 DAYS | 375-853 (30.5%) | -$11484.63 |
| LAST 14 DAYS | 375-853 (30.5%) | -$11484.63 |
| LAST 30 DAYS | 375-853 (30.5%) | -$11484.63 |
| Pre-All-Star | 0-0 (0%) | +$0.0 |
| Post-All-Star | 375-853 (30.5%) | -$11484.63 |
2023-24 NBA Underdog ATS Records
| Situation | Underdog ATS Records | Profits |
|---|---|---|
| OVERALL | 598-613-17 (49.4%) | -$6937.49 |
| HOME | 218-239-9 (47.7%) | -$4081.24 |
| ROAD | 380-374-8 (50.4%) | -$2856.25 |
| LAST 7 DAYS | 598-613-17 (49.4%) | -$6937.49 |
| LAST 14 DAYS | 598-613-17 (49.4%) | -$6937.49 |
| LAST 30 DAYS | 598-613-17 (49.4%) | -$6937.49 |
| Pre-All-Star | 0-0 (0%) | +$0.0 |
| Post-All-Star | 598-613-17 (49.4%) | -$6937.49 |
