June 1, 2012; Westwego, LA, USA; A detailed view of the winning lottery ball combination (6-4-9-7) and the winning envelope from the NBA draft lottery for the New Orleans Hornets at a press conference at the Alario Center. Mandatory Credit: Derick E. Hingle-USA TODAY Sports

Winning the #1 Pick: Chances, Odds, and Betting Lines For Each Lottery Team

Betting lines listed as amount of money won if betting $100 (e.g. +175 = bet $100 to win $175)

Orlando Magic

Chance: 25%

Odds: 3:1

Betting Line: +175

Charlotte Bobcats

Chance: 19%

Odds: 4:1

Betting Line: +200

Cleveland Cavaliers

Chance: 15.6%

Odds: 5.4 : 1

Betting Line: +350

Phoenix Suns

Chance: 11.9%

Odds: 7.4 : 1

Betting Line: +650

New Orleans Pelicans

Chance: 8.8%

Odds: 10.4 : 1

Betting Line: +1000

Sacramento Kings

Chance: 6.3%

Odds: 14.9 : 1

Betting Line: +1200

Detroit Pistons

Chance: 3.6%

Odds: 26.8 : 1

Betting Line: +1500

Washington Wizards

Chance: 3.5%

Odds: 27.6 : 1

Betting Line: +1800

Minnesota Timberwolves

Chance: 1.7%

Odds: 57.8 : 1

Betting Line: +3000

Portland Trailblazers

Chance: 1.1%

Odds: 89.9 : 1

Betting Line: +3500

Philadelphia 76ers

Chance: 0.8%

Odds: 124:1

Betting Line: +5000

Oklahoma City Thunder (via Houston, from Toronto for Kyle Lowry Trade)

Chance: 0.7%

Odds: 141.9 : 1

Betting Line: +5000

Dallas Mavericks

Chance: 0.6%

Odds: 165.7 : 1

Betting Line: +6500

Utah Jazz

Chance: 0.5%

Odds: 199:1

Betting Line: +8000

(all betting lines are from TheGreek.com)

So there you have it. With a little bit of luck and a lot of ping pong balls, one fortunate team will walk away with the #1 overall pick in this year’s draft.  Our Philadelphia 76ers are a long shot, facing less than a 1% chance of grabbing that honor.  Nonetheless, we will be watching, with our fingers crossed.

The Draft Lottery results can be watched live on ESPN this Tuesday night, at 8:30 PM EST.

June 28, 2012; Newark, NJ, USA; A general view of the first round draft board at the conclusion of the first round of the 2012 NBA Draft at the Prudential Center. Mandatory Credit: Jerry Lai-USA TODAY Sports

While nothing is set in stone, these are the lottery teams as of today and their chances at winning the first overall pick :

1. Charlotte Bobcats – 22.5%
2. Orlando Magic – 22.4%
3. Cleveland Cavaliers – 15.6%
4. Phoenix Suns – 11.9%
5. New Orleans Hornets – 8.8%
6. Sacramento Kings – 6.3%
7. Detroit Pistons – 3.6%
8. Washington Wizards – 3.5%
9. Minnesota Timberwolves – 1.7%
10. Oklahoma City Thunder – 1.1%
11. Philadelphia 76ers – 0.8%
12. Portland Trailblazers – 0.7%
13. Dallas Mavericks – 0.6%
14. Utah Jazz – 0.5%

While that is each team’s chances at landing their choice at any player entering this year’s NBA Draft, much is to be determined.

The Utah Jazz are still battling the Los Angeles Lakers for the eighth and final playoff spot in the Western Conference heading into the last game of the season.

Underclassmen have until April 28th to declare for the draft so while many have already declared, there are bound to be the few that decide to stay in school.

The NBA Draft Lottery will take place on May 21st. Charlotte or Orlando is likely to land the top pick, but stranger things have happened before. Other teams are likely to rise in the lottery, and others will drop.

With all that said, here is a look at the most likely lottery scenario and who each team may draft.

1. Charlotte Bobcats – Nerlens Noel, Kentucky
2. Orlando Magic – Marcus Smart, Oklahoma State
3. Cleveland Cavaliers – Otto Porter Jr., Georgetown
4. Phoenix Suns – Ben McLemore, Kansas
5. New Orleans Hornets – Victor Oladipo, Indiana
6. Sacramento Kings – Shabazz Muhammad, UCLA
7. Detroit Pistons – Trey Burke, Michigan
8. Washington Wizards – Anthony Bennett, UNLV
9. Minnesota Timberwolves – Gary Harris, Michigan State
10. Oklahoma City Thunder – Alex Len, Maryland
11. Philadelphia 76ers – Cody Zeller, Indiana
12. Portland Trailblazers – Mitch McGary, Michigan
13. Dallas Mavericks – Michael Carter-Williams, Syracuse
14. Utah Jazz – C.J. McCollum, Lehigh