New Orleans Pelicans Odds, Betting Lines and Futures Markets for 2026-27 Season
A 26-56 season has pushed the New Orleans Pelicans odds toward the bottom of most futures boards. There is more talent here than that record suggests, though. Zion Williamson and Trey Murphy III can score, Dejounte Murray is back after playing only 14 games last season, and youngsters Jeremiah Fears and Derik Queen now have a full NBA season behind them. Bennedict Mathurin also gives new coach Jamahl Mosley another option.
FanDuel isn't expecting much. New Orleans is +75000 to win the championship, while its win total sits at just 28.5. That second number is more interesting. The Pelicans won 26 games last season, so the bar for improvement is only three additional wins. Two straight years outside the playoffs explain why it hasn't been set any higher.
Follow roster and injury developments through our NBA news coverage.
New Orleans Pelicans Next Game Odds
New Orleans opens the regular season at home against the Indiana Pacers on Oct. 21. Sportsbooks haven't posted a full moneyline, spread, or total for the matchup yet. The New Orleans Pelicans’ next-game odds will appear below once those markets become available.
The comparison tool is worth checking close to tipoff since prices can differ between books. See our full NBA odds board for other games.
These odds are subject to change.*
New Orleans Pelicans NBA Championship Odds
The New Orleans Pelicans championship odds are about as long as they get at FanDuel. New Orleans has never reached the NBA Finals, let alone lifted the Larry O'Brien Championship Trophy. The franchise's deepest playoff runs ended in the Western Conference semifinals in 2008 and 2018.
| Market | FanDuel odds |
|---|---|
| Pelicans to win 2027 NBA championship | +75000 |
Those New Orleans Pelicans odds to win NBA championship translate to a $75,000 profit from a winning $100 bet, plus the $100 stake back. That's a $75,100 total payout. For context around the rest of the league, compare the latest NBA championship odds.
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A playoff return pays +550 at FanDuel. Missing again costs bettors -700. That's quite a gap. The New Orleans Pelicans playoff odds aren't asking whether this team can scrape together three more wins and beat its season total. Getting back into the postseason would require a much bigger jump from last year's 26-56 finish.
| Result | FanDuel odds |
|---|---|
| Make playoffs | +550 |
| Miss playoffs | -700 |
The Pelicans missed the 2026 postseason after going 26-56 and finishing 11th in the West. They also missed in 2025, so Mosley is trying to end a two-year drought. Bettors comparing this market should check multiple NBA betting sites because futures prices can vary sharply.
New Orleans Pelicans Win Totals
FanDuel sets the Pelicans at 28.5 wins, with Over 28.5 at -120 and Under 28.5 at -105. They need only three more wins than last season to clear the number.
| Market | FanDuel odds |
|---|---|
| Over 28.5 wins | -120 |
| Under 28.5 wins | -105 |
Over 28.5 is the pick.
New Orleans doesn't need a dramatic turnaround to get there. Three extra wins will do it.
Murray managed only 14 games last season, Fears and Queen are entering Year 2, and Mathurin gives Mosley another scorer. Health alone could move the needle. The concern is on the other end, where New Orleans allowed 120.0 points per game. A team defending that poorly can turn 29 wins into a struggle.
Check current sportsbook promos before placing any season-long wager.
New Orleans Pelicans Odds to Win Division
The Southwest is a rough place for a rebuilding team. BetMGM makes San Antonio a heavy -1200 favorite, while the New Orleans Pelicans division odds sit at +20000.
| Southwest Division team | BetMGM odds |
|---|---|
| San Antonio Spurs | -1200 |
| Houston Rockets | +700 |
| Dallas Mavericks | +6600 |
| New Orleans Pelicans | +20000 |
| Memphis Grizzlies | +30000 |
New Orleans has won the division just once. That came in 2007-08, when the then-Hornets went 56-26, a franchise-best.
The gap between San Antonio and New Orleans says far more than the Pelicans' +20000 price alone. Even a much better New Orleans team could finish well short of the division title. San Antonio is -1200, Houston is +700, and Dallas sits ahead of the Pelicans at +6600. Too many teams are ahead.
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New Orleans Pelicans NBA Cup Odds
The 2025 NBA Cup didn't give Pelicans fans much to remember. New Orleans went 0-4 in group play, losing to the Clippers, Lakers, Mavericks, and Grizzlies.
FanDuel now prices New Orleans at +40000 to win the 2026 NBA Cup.
| NBA Cup market | FanDuel odds |
|---|---|
| Pelicans to win NBA Cup | +40000 |
| Pelicans to win West Group B | +1800 |
There's a huge jump from +1800 to win West Group B to +40000 to win the NBA Cup. Last season offers little reason to argue with it. New Orleans went 0-4 in group play.
Still, four games aren't 82. That's what makes this market different. A Pelicans team that gets hot for a couple of weeks has a much better chance of hanging around the Cup than the championship price might suggest.
Fears and Queen were both All-Rookie Second Team selections last season. They're no longer eligible for the award, but bettors can track the new class through the latest NBA Rookie of the Year odds.
More New Orleans Pelicans Betting Markets
Season-long prices tell only part of the story. Once New Orleans starts playing, the New Orleans Pelicans betting odds will change game by game across moneylines, spreads, totals, and player props. Those markets may be more useful for a team with this much uncertainty because bettors can react to injuries, form, and Mosley's changing rotation instead of committing to an 82-game outcome.
New Orleans Pelicans Moneylines
A moneyline comes down to one thing: who wins the game. Positive odds indicate an underdog, while a negative price is attached to the favorite.
Take the Oct. 21 opener against Indiana. The actual line hasn't been posted yet, so +140 is only an example. At that price, a $100 New Orleans moneyline bet wins $140 if the Pelicans pull off the victory. The sportsbook returns $240 in total, including the original stake.
New Orleans Pelicans Point Spreads
A spread bet doesn't require New Orleans to win outright. Picture the Pelicans getting +5.5 against Denver at -110. A four-point loss still cashes the ticket because the 5.5-point head start covers the margin.
Risking $100 at -110 would mean $90.91 in profit, or $190.91 returned. The +5.5 and -110 prices here are examples, not current odds.
New Orleans Pelicans Totals (Over/Under)
New Orleans allowed 120.0 points per game last season, which makes totals worth watching from the start. Here, it doesn't matter which team wins. Only the combined score counts.
Use 229.5 at -110 as a hypothetical Pelicans-Pacers total. An Over bet needs the teams to combine for at least 230 points. Put $100 on it at -110, and a winner returns $190.91, with $90.91 of that being profit.
New Orleans Pelicans Props
Zion Williamson gives sportsbooks plenty of prop markets. Points and rebounds are the obvious ones, while Trey Murphy III made 3.2 threes per game last season and should regularly have a made-threes line. Murray's assists are another market to watch after he averaged 6.4 in his limited 2025-26 action.
The Pelicans don't even have to win for these bets to cash. A Williamson points Over can hit in a loss, just as a Murphy 3-pointer prop can miss during a New Orleans win. Sportsbooks also post rebounds, assists, steals, blocks, and combo lines such as points + rebounds + assists.
For a simple example, put Williamson's hypothetical points total at 22.5 with the Over priced -115. A $100 winner earns $86.96 in profit, for a total return of $186.96.
Individual awards are another player-focused option.
The current NBA MVP odds show how the market values stars across the league rather than one night's box score.
New Orleans Pelicans Prediction Markets
Prediction markets let traders buy contracts tied to NBA outcomes instead of placing a traditional sportsbook wager. Kalshi currently has a New Orleans contract for 30+ regular-season wins trading around 46 cents, and market prices can move before settlement.
At 46 cents, $100 buys about 217 contracts. Reach 30 wins, and those contracts settle at $1 each, returning about $217.39. That's roughly $117.39 in profit before fees.
Thirty wins is the interesting part. FanDuel's season total is 28.5, so the Kalshi contract asks New Orleans to go a little further than the sportsbook's main win-total line.
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New Orleans Pelicans Odds FAQ
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