Chicago Bulls Odds 2023: Tracking the Bulls Playoff Chances

Fact Checked by Shannon Lane

Key Takeaways:

  • 🏆 The Chicago Bulls' odds to win the NBA Finals are +21000 per FanDuel.
  • 🏀 Bulls are +360 to make the playoffs, giving them a 21.7% chance
  • 📰 Chicago is riding a season-high five-game losing streak

The Chicago Bulls ended NBA In-Season Tournament play with an 0-4 record, and their latest setback extended a season-high losing streak to five games overall. To add insult to injury, the Boston Celtics had to beat the Bulls by at least 23 points on Monday in order to win a three-way tiebreaker and take Group C, and they did just that in a 124-97 rout. To make matters even worse if you can believe this, Boston resorted to fouling Chicago center Andre Drummond, who made 1-of-6 three throws to clinch it.

Chicago Bulls Odds
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It has been another disappointing start to the season for the Bulls, who boast three former All Stars on their roster in Zach LaVine, Nikola Vucevic and DeMar DeRozan. However, that "Big Three" may not last much longer, with rumors swirling around the future of LaVine, who is dealing with a foot injury. The Los Angeles Lakers are reportedly interested in both LaVine and DeRozan among other teams, so there may not be much time to turn the season around with the current cast of characters.

Chicago has been one of the worst defensive teams in the league lately, giving up an average of more than 119 points per game during the team's current skid. The Bulls may not get back on track until the end of their upcoming three-game homestand that tips off with the Central Division-leading Milwaukee Bucks visiting the United Center on Thursday followed by the New Orleans Pelicans on Saturday and the Charlotte Hornets next Wednesday. If Chicago head coach Billy Donovan does not find a way for his team to end this losing streak soon, he may be looking for a new job going into the holiday season.

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Chicago Bulls 2023-24 Odds

Take a look below at the Bulls future odds according to FanDuel sportsbook

🏀 To Make Playoffs+360
🏀 To Miss Playoffs-500
🏀 Win Eastern Conf.+13000
🏀 Win Central Div.+10000
🏆 Win NBA Finals+21000
Last Verified:December 8, 2023

Heading into yet another season without Lonzo Ball, the Chicago Bulls still believed they had enough talent on the roster to make up for his loss with Coby White and Alex Caruso filling in at point guard. Unfortunately, White has garnered the more minutes of the two with twice as many turnovers as steals, plus he shoots only 42.2 percent from the field. In other words, the Bulls could use Ball on the court.

Because that will not happen anytime soon, Donovan is forced to deal with a group of extremely limited defensive players, most notably LaVine, who like White also has twice as many turnovers as steals. But Donovan's job obviously is to coach them into playing better, and their lack of defense remains one of the biggest problems. Statistically, Chicago ranks in the middle of the pack defensively.

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However, the team is also struggling offensively, failing to score more than 109 points while allowing 116 or more in each game during the current skid. If that does not change on the upcoming homestand, major changes might be needed, whether that means trading away key players and/or firing Donovan. Whatever the near future holds, there are still plenty of betting opportunities regarding Da Bulls.

The Bulls play in the same division as the Milwaukee Bucks, who may win 70+ games this season ... hence the +10000 division odds, which should probably be longer.

In terms of winning the conference and the championship, practically no Chicago sportsbooks are giving anyone other than Boston and Milwaukee a chance; the Miami Heat might be the lone exception because of what they did in last year's postseason.

Chicago Bulls 2023 Schedule: Upcoming Games

This upcoming three-game homestand will be huge in terms of figuring out a way to turn things around. While Chicago may not beat Milwaukee or New Orleans, it is worth gauging the team's effort to see if the players are still buying into Donovan's coaching. If not, he may not be around much longer.

Bulls (+8/ML +265) vs Milwaukee Bucks, Thursday, Nov. 30

Chicago has played Milwaukee only once so far this season but will now face this team twice in 12 days. The Bulls lost the first meeting to the Bucks 118-109 back on Nov. 13, somehow managing to barely cover the spread as 9.5-point road underdogs. Vucevic led the way for Chicago with 26 points and 12 rebounds while Giannis Antetokounmpo paced Milwaukee with a game-high 35 points.

Bulls vs New Orleans Hornets, Saturday, Dec. 2, Odds TBD

New Orleans is not much better than Chicago, sitting around the .500 mark and residing only a few games behind the Dallas Mavericks in the Southwest Division. This will be a true test to see how the Bulls respond to a potential six-game losing streak two days after hosting the Bucks. The Hornets are a comparable defensive team, so they might have their hands full trying to contain DeRozan & Co.

Bulls vs Charlotte Hornets, Wednesday, Dec. 6, Odds TBD

While New Orleans is certainly a beatable opponent, Charlotte is even more beatable. Chicago should not end its homestand by losing all three games, otherwise Donovan will surely be in trouble. The Hornets rank at the bottom of the NBA in points allowed, surrendering more than 121 per game. If the Bulls cannot close out this homestand with at least one victory, it could be the beginning of the end.

Bulls @ San Antonio Spurs, Friday, Dec. 8, Odds TBD

This will be Chicago's first-ever meeting with San Antonio rookie Victor Wembanyama, who has put up very good numbers in his first year despite the team performing poorly. The Bulls will have another excellent chance to pick up a victory here, facing a Spurs team with less wins than them as of Nov. 29.

Bulls @ Milwaukee Bucks, Monday, Dec. 11, Odds TBD

This is the third of four meetings with Milwaukee, with the last one not happening until Friday, March 1.

2023 Bulls Projections

Having All-Star caliber talent does not necessarily mean you have a winning combination of players. Nikola Vucevic, for example, has been to the postseason four times and never made it out of the first round. Zach LaVine has just four career playoff games under his belt, and DeMar DeRozan has not been deep in the playoffs since 2017-18 when he was with the Toronto Raptors.

Sometimes the chemistry just does not work out according to plan, and Chicago seems to be finding that out the hard way so far this season. The Bulls certainly looked like they might be one of the NBA's exciting young teams a couple years ago when they went 46-36 and finished second in the Central Division. But they have regressed ever since then despite having the same basic core of players and even rewarded LaVine with a max contract extension on July 1, 2022. That contract was supposed to signify a positive building block for the future rather than an albatross the team wants to get rid of. If Chicago does not turn things around prior to the holidays, many major changes may be coming soon.

🔥 See How Do the Bulls Perform Compared to Preseason Win Totals in previous years.

Latest Bulls News and Key Developments December 2023

Here are the biggest news developments surrounding the Bulls, including the end of last season with a loss to the Miami Heat in Game 2 of the play-in tournament.

  • 📅 Nov. 15, 2023: Trade rumors around Zach LaVine's next team heat up.
  • 📆 Oct. 27, 2023: Reports circulate that the Bulls are James Harden's next most likely landing spot if he doesn't get traded to the Clippers.
  • 📆 Aug. 21, 2023: Lonzo Ball discloses on Trae Young's podcast that he will sit out the entire season because of his knee injury, which has sidelined him since January of 2022 and has led to three surgeries.
  • 📆 July 10, 2023: Chicago signs Bucks free agent guard Jevon Carter, who had been buried behind Jrue Holiday and Grayson Allen on the Bucks depth cart.
  • 📆 July 8, 2023: The Bulls re-sign free agent guard Coby White for three years and $36 million.
  • 📆 June 22, 2023: The Bulls trade two future second-round picks to the Washington Wizards for the draft rights to Julian Phillips, a 19-year-old forward from Tennessee who projects as an above-average defender but played sparingly for the Vols as a freshman.
  • 📆 April 14, 2023: The Bulls allow the Miami Heat to close the game on a 15-1 run in losing 102-91 in the final play-in game to determine the No. 8 seed.
  • 📅 Jan. 31, 2022: FanDuel Illinois announces a partnership with the United Center, where the Bulls play home games, to open a sportsbook lounge inside the arena.
  • 📅 Dec. 15, 2021: City Council approves an ordinance to allow regulated Chicago sports betting, including wagers on the Bulls.

Bookmark this page for the latest Bulls news and how it impacts their odds.

Key Contributors on the Bulls Roster

Shooting guard Zach LaVine was once viewed as a young cornerstone of the franchise alongside veteran wingman DeMar DeRozan. Both are now the subject of trade rumors, as some contending teams like the Los Angeles Lakers are beginning to look for ways to significantly improve their rosters before the season gets away from them. The problem is, taking on their contracts is not easy.

LaVine suffered a foot injury recently in a blowout loss to the Boston Celtics, and he could be the first domino to fall regardless of whether or not he returns to the lineup soon. Management will likely need to weigh the best interests of the team before the holidays and decide if holding onto him and DeRozan is a better decision than trading them for future assets such as draft picks that can help with a full rebuild. Winning cures everything though, so the first few weeks of December could decide both players' fates.

🎮 See How Bulls Stars Rate in NBA 2k24

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Where Can I Bet on the Bulls?

You can bet on the Bulls at licensed sportsbooks around the state of Illinois. Illinois sports betting is legal online and at retail locations. There are several locations to bet in person, including:

  • 📍 The Temporary by American Place Casino in Waukegan
  • 📍 Hollywood Casino in Joliet
  • 📍 Rivers Casino in Des Plaines
  • 📍 Grand Victoria Casino in Elgin
  • 📍 Casino Queen in East St. Louis
  • 📍 Par-A-Dice Casino in East Peoria
  • 📍 Hawthorne Race Course in Cicero

Eight online Illinois sportsbook apps are available in the state, including BetMGM, Caesars, FanDuel, DraftKings, BetRivers, ESPN BET, and Circa Sports.

📰 Upon approval for in person betting, bet with FanDuel at the United Center Sportsbook.

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How to Get Bulls Tickets

The ticket window at the United Center is usually your best bet because the staff can help you find the best available seats. Some season-ticket holders inform the team that their seats can be put up for re-sale, and the team controls those secondary sales.

Ticketmaster is always an option but there are fairly onerous fees, and the secondary ticket market is a matter of buyer's choice when it comes to sites such as TiqIQ or SeatGeek. Different folks have had differing levels of satisfaction with the secondary ticket market sites, which have widely varying fees. The one thing they all have in common: They do not want to sit on unsold tickets, and prices can drop precipitously in the final hour before tipoff.

What's the Bulls Arena?

The Bulls have been playing their games at the United Center on the West Side of Chicago since 1994. Be sure to check out the statue of Michael Jordan on the East Side of the building, closest to downtown.

Pending approval, you will be able to bet with the FanDuel Sportsbook in person at the United Center.

How Many Championships Have the Bulls Won?

Chicago owned the 1990s with a pair of three-peats between 1991-93 and 1996-98 and was led during both runs by arguably the greatest player of all-time in Michael Jordan. Since then, the Bulls have battled to stay relevant among other legendary pro basketball teams like the Boston Celtics and Los Angeles Lakers, but they have yet to get back to the NBA Finals despite some solid efforts from Derrick Rose. The latest edition of Da Bulls does not look it will end that championship drought anytime soon.

💍 NBA Finals Championships6
🏀 NBA Finals Appearances6
📲 Bulls Sportsbook PartnerFanDuel Illinois

Chicago Bulls FAQs


Chris Sheridan is a veteran NBA writer who has been covering the league since 1992, with a specialty in international basketball after being credentialed for every Olympics since 1996 in Atlanta. He has been covering sports gambling since 2018.

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