San Antonio is -1200 to win the Southwest Division again in 2026-27, the shortest division price on the board. At that DraftKings price, listed by ESPN on September 24, 2026, the market gives the Spurs a 92.3% chance and Houston, next at +750, 11.8%.
The Spurs won the division last season at 62-20, 10 games ahead of the Rockets, and went on to reach the NBA Finals. The other three teams all finished between 25 and 26 wins.
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2026-27 Southwest Division odds
| Team | Division odds | Implied chance | Title odds |
|---|---|---|---|
| San Antonio Spurs | -1200 | 92.3% | +270 |
| Houston Rockets | +750 | 11.8% | +5000 |
| Dallas Mavericks | +7500 | 1.3% | +18000 |
| New Orleans Pelicans | +20000 | 0.5% | +40000 |
| Memphis Grizzlies | +30000 | 0.3% | +100000 |
ESPN files this market under its 2027 season, which it names 2026-27, and the division cannot be settled before the regular season ends on April 11, 2027. For a favorite the implied chance is the price divided by the price plus 100, so 1200 over 1300 is 92.3%. For an underdog it is 100 over the price plus 100. The five chances add up to 106.2%, and the 6.2 points over 100 are the book’s margin.
A -1200 price means a $1,200 stake to win $100. San Antonio is also co-favorite for the title at +270, level with Oklahoma City, and +160 to win the West.
A futures bet is worth making only when you rate a team’s chance higher than the price does. At -1200 that means rating the Spurs above 92.3%, and at +750 it means giving Houston better than an 11.8% chance.
How the Southwest finished in 2025-26
| Team | Record | Games behind | How the season ended |
|---|---|---|---|
| San Antonio Spurs | 62-20 | – | No. 2 seed in the West; lost the NBA Finals 4-1 to New York |
| Houston Rockets | 52-30 | 10 | No. 5 seed; lost 4-2 to the Lakers in the first round |
| New Orleans Pelicans | 26-56 | 36 | Missed the playoffs |
| Dallas Mavericks | 26-56 | 36 | Missed the playoffs |
| Memphis Grizzlies | 25-57 | 37 | Missed the playoffs |
Records are ESPN’s final 2025-26 standings. The division split in two, with a 26-game gap between second-place Houston and third-place New Orleans.
Houston’s 52 wins were enough to win the division in 2024-25. Last season the same total left the Rockets 10 games short.
San Antonio’s run to the Finals
The San Antonio Spurs outscored opponents by 8.3 points a game. In the playoffs they beat Portland 4-1 and Minnesota 4-2, then came back from 3-2 down against Oklahoma City, winning Game 6 118-91 and Game 7 111-103.
The Finals were closer than the 4-1 result. New York won Game 2 105-104 and Game 4 107-106, and San Antonio’s only win was 115-111 in Game 3. The Spurs open 2026-27 at home to Oklahoma City on October 20, a rematch of last season’s West finals.
Houston and the bottom three
The Houston Rockets won 52 games and went out in the first round, 4-2 to the Lakers after losing the first three games. They won Games 4 and 5, 115-96 and 99-93, then lost Game 6 98-78. Houston opens at home to Dallas on October 21.
The Dallas Mavericks and New Orleans Pelicans both went 26-56, and the Memphis Grizzlies 25-57. None of them is shorter than +7500 for the division. New Orleans hosts Indiana and Memphis hosts Utah on October 21.
Recent Southwest Division winners
| Season | Winner | Record | Runner-up |
|---|---|---|---|
| 2025-26 | San Antonio Spurs | 62-20 | Houston Rockets, 52-30 |
| 2024-25 | Houston Rockets | 52-30 | Memphis Grizzlies, 48-34 |
| 2023-24 | Dallas Mavericks | 50-32 | New Orleans Pelicans, 49-33 |
Three seasons, three different winners. San Antonio finished last in the division in 2023-24 at 22-60, went 34-48 in 2024-25, and won 62 games last season.
Dallas, the 2023-24 winner, went 39-43 the next season and 26-56 last season. That is a 24-win drop in two years.
The 2026-27 calendar
- Preseason: from September 30, 2026.
- Regular season: October 20, 2026 to April 11, 2027.
- Play-in tournament: from April 12, 2027.
- Playoffs: from April 17, 2027.
The division is decided by the regular-season standings, so it is settled by April 11. Game predictions for every Southwest team appear on our NBA predictions hub once lines are posted, and the full title board is on our NBA championship odds page.
The number that matters here is Houston’s +750. It is the only price on this board that treats the Southwest as a race.