New Orleans Pelicans Odds

The New Orleans Pelicans are once again looking to contend for the Southwest Division title after finishing second behind the Dallas Mavericks last season. Zion Williamson, Brandon Ingram, and crew currently have New Orleans Pelicans +5500 on DraftKings NBA championship odds. View more Pelicans odds below, game lines, player props, futures, and more.

Pelicans odds Today

View New Orleans Pelicans odds below, including moneyline, point spreads, and totals for their next game.

New Orleans Pelicans Championship Odds

View Pelicans NBA title odds below.

Pelicans Southwest Division Odds

Check out the latest Pelicans odds to win the Southwest Division below.

Pelicans Player props and Futures

Search for top Pelicans players like Zion Williamson using the NBA props search tool below. Search for any player in the search bar and instantly compare odds across major sportsbooks. Click on any odds in the table below to place a bet.

How to bet on the Pelicans

Moneyline

A winning bet on the moneyline is determined by which team wins the game outright. Let’s use an example with the New Orleans Pelicans and Houston Rockets.

Pelicans -140

Rockets +175

The negative number on the Pelicans moneyline (-140) indicates oddsmakers have them listed as favored to win. It would take a $140 wager to win $100 profit, plus the $140 originally posted for the bet. A $100 on the Rockets would net $175 in profit if they can pull off the upset. 

Point Spread

The point spread considers the margin of victory rather than just which team is victorious. Take the below point spreads in a game between the New Orleans Pelicans and New York Knicks:

Pelicans +4.5 (-115)

Knicks -4.5 (-115)

The Knicks are favored by 4.5 points, indicated by the “-4.5.” They need to win by at least five points to cover the point spread and win the bet. As underdogs, the Pelicans can lose by up to four points or win the game for a bet on them to hit. 

The (-115) odds listed next to each team’s point spread show the return on a correct bet in American Odds. Both teams have the same -115 odds so a $115 bet on the winning team pays the bettor $100, plus the $115 wagered. A $100 bet on the would earn the bettor $86.96 plus the initial wager if it hits.   

Point Total (Over/Under) 

A bet on the point total is determined by the combined number of points scored by both teams. Sportsbooks will provide a set number to allow bettors to choose whether the final combined scores of each team will be higher or lower than that number. 

If the point total in a game between the New Orleans Pelicans and Philadelphia 76ers is set at 235 points and ends with a final score of 125-120, bettors who selected the over would win. 

Live Betting

Betting on games while they’re in-play is known as live betting, which can be a fruitful strategy for those who prepare ahead of time. Take a game that has the Pelicans favored at -250 on the moneyline in their matchup with the Golden State Warriors who are +200 on the moneyline. A $100 bet on the Pelicans before the game starts would only make a $40 profit. 

You also know that the Pelicans often start slowly when they play at home and there’s a good chance the Warriors are able to keep things close early in the game. Using that info, you could hold on to your bet until the game is in motion to see if the odds on the Pelicans moneyline shift in your favor. 

If the Warriors come out firing and claim an early lead, oddsmakers will move the line to reflect the current score, increasing the value of a bet on the Pelicans to win, upping your profits on a correctly (and well-timed) bet. 

Live betting is also where “hedging” your bets can come into play, a tactic by bettors where they make one bet before the game starts and then an opposing bet while the game is live as a way to recoup their potential losses. Let’s say you bet on New Orleans (+180 underdogs) to win a game against the Chicago Bulls (-200 favorites), but at halftime the Pelicans are down by 10 points. The live odds for a moneyline bet on the Bulls now only pays you back one-third of your money, or -300. By giving up on the Pelicans and betting on the Bulls moneyline at -300 during halftime, you’re hedging your initial bet on the Pelicans in an attempt to recover some money from a seemingly lost cause.                                             

Parlays and Teasers

Parlays and Teasers combine multiple different bets together for an increased payout. 

For a parlay example, let’s say the New Orleans Pelicans are favored against the Miami Heat (-140 on the moneyline) and the Cleveland Cavaliers are favored over the Minnesota Timberwolves at -200 on the moneyline. If you parlay the moneylines of the Pelicans and Cavs together, the odds on your potential return jump up to +157 since you incur more risk trying to correctly predict two teams to win instead of just one.  

A teaser allows bettors to move multiple point spreads or totals in their preferred direction. Let’s say you like the Pelicans (-4.5) in their matchup with the Sacramento Kings as much as you do the Orlando Magic (-5.5 favorites) to defeat the Utah Jazz. You can tease both lines by four points (most books offer anywhere from four-to-six point teases) to shift the lines to New Orleans (-0.5) / Orlando (-1.5). Now, both teams need to win by four-fewer points than the original lines for your bet to cash.

Futures

Future bets are placed on props in the longer-term future. Team win totals, award winners, and player performances are common future bets. 

Compare Betting Sites & Apps For The Best Pelicans Odds

When betting on the New Orleans Pelicans, keeping up with the latest odds is crucial, as they can change rapidly based on player performances and game conditions. To secure the best value, compare various sports betting sites for the most competitive odds and a diverse range of betting markets. Using top sports betting apps allows you to place bets on the go, track live line movements, and seize new opportunities as they arise. With a well-informed strategy and the right tools, you can enhance your betting approach and maximize your potential returns when wagering on the Pelicans.

New Orleans Pelicans Franchise History

The New Orleans Pelicans franchise is the youngest in the league today. Yet, there’s still  often confusion about the differences between the Pelicans and Charlotte Hornets franchises.

The team that is now the Pelicans began as the Charlotte Hornets in 1988 until 2002 when it moved to New Orleans. It kept the name Hornets until 2014 when it rebranded as the New Orlean Pelicans. 

In 2004, Charlotte started a new team and called it the Bobcats. 10 years later when the New Orleans franchise became the Pelicans, the histories of the two franchises were essentially re-written. 

The Charlotte Bobcats not only got the name Hornets back, they also reclaimed the history of the Charlotte Hornets from 1988-2002. The Pelicans kept their New Orleans history from 2002 onward (including a brief stint in Oklahoma City history when the team had to relocate due to Hurricane Katrina), but are now considered an expansion team.

The most successful run in franchise history came from 2007-2011 when it was led by its all-time leader in assists, Chris Paul. Paul and David West formed a lethal pick-and-roll duo that led the Pelicans to the playoffs in three of four seasons together, including the franchise’s first-ever Western Conference Semifinals.

FAQS About Pelicans Odds