Up-to-the-minute updated NBA Championship odds from Bodog are located at the bottom of this article.

As we head into the NBA All-Star break it is a good time to look at ahead at the playoffs. A lot will change between now and then, but we can look at the NBA Championship odds that are being offered at different books to see if any offer value based on what we have seen so far. Here's a look at the NBA Championship odds for every team with a brief look at the value (all odds are from Bodog):

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Atlanta Hawks (60/1) - For the first time in eons the Hawks stand a decent chance of making the playoffs. They would likely play either Detroit or Boston in the first round. One and done, in other words. Still, it's progress.

Boston Celtics (1/1) - Easily the most ridiculous price on the board. We've seen already that Garnett is fragile, and we know that the rest of the fearsome threesome can be as well. They may be the class of the East, though I'm not convinced of that yet, but this price is way below market value in my mind.

Charlotte Bobcats (300/1) - Unless owner Michael Jordan suddenly becomes 15 years younger and steps back into the lineup this isn't going to happen.

Chicago Bulls (70/1) - If you had offered this price at the start of the season I would have been tempted. Since then, though, they have been an injury-ravaged mess. A Ben Wallace trade could change the dynamic, but it won't be enough to make any noise this year. They need a significant turnaround just to make the playoffs in the pathetic East.

Cleveland Cavaliers (20/1) - As they are they are going nowhere. If the team comes to its senses and gets LeBron the help he wants and needs then maybe. Either way, this price is totally out of whack.

Dallas Mavericks (8/1) - The Mavs have looked a step slow and a man short in their recent playoff runs. Now they look a step short of where they were last year. This price could hold some value if Mark Cuban opens his enormous wallet before the playoffs and makes a big deal, but I don't see it.

Denver Nuggets (25/1) - This won't be a popular opinion, but I might take a flier on this team at this price. They are playing solid ball well under the radar, they have two scorers who are almost impossible to stop, and they could let the rest of the West beat each other up and slip through. Not likely, but something to think about at this price.

Detroit Pistons (5/1) - If I had to make one bet on an Eastern team this would be it. I like them better than the Celtics in the long run, so I certainly like them better when their price is five times bigger. This is the Eastern team that is built and tested to beat the Western behemoths.

Golden State Warriors (35/1) - They're hot, they're hungry, and they got a taste of success last year. There are worse longshots out there.

Houston Rockets (30/1) - They have won 11 of 12 and have been as good as anyone for the second half of the year. It must be a sign of the type of bettor that I am that I find these teams between 25/1 and 30/1 more interesting in the long run than the heavy favorites. Maybe it's because I know I rarely win futures bets anyway, so I want to have a memorable payoff when I do.

Indiana Pacers (100/1) - The Pacers stand as much chance of winning the NBA Championship as Eli Manning does of ever winning a Super Bowl. Wait, that would have worked much better last year. What I am trying to say is that they have absolutely no chance.

Los Angeles Clippers (500/1) - Donald Sterling could teach a course at any of the world's top universities on how to consistently waste decent talent. The Clippers are back to being awful. If anyone wants to bet on the Clippers, talk to me - I'll give you 600/1.

Los Angeles Lakers (3/1) - These odds have obviously fallen significantly recently. I like this team, but I can't help but think back to the start of the season when the knock against them was that they were one-dimensional and couldn't compete when it matters. I'm pretty sure that has changed, but not sure enough to see value here. That being said, it's not a completely ridiculous price, just one I won't take.

Memphis Grizzlies (3000/1) - Don't you have to be able to win a game to win the Championship? That rules Memphis out.

Miami Heat (500/1) - According to these odds the Heat are six times more likely to win it all than Memphis. I guess they are right - six times zero is zero.

Milwaukee Bucks (200/1) - I was going to compare the chances of this team winning to the amount of hair on Charlie Villanueva's body, but I didn't because it seemed insensitive.

Minnesota Timberwolves (3000/1) - Now that Randy Foye is healthy I would put their odds at 2500/1. That's makes them an overlay. You can decide for yourself if there is value in that. (Just in case you are actually wondering, the answer is decidedly no)

New Jersey Nets (90/1) - Unless they trade Kidd for a young Magic Johnson and Vince Carter suddenly becomes a decent human being this is not going to happen.

New Orleans Hornets (12/1) - The second best team in the West has the seventh highest price on the board. That's pretty much the definition of value, isn't it?

New York Knicks (300/1) - Uh, no.

Orlando Magic (30/1) - If I could bet on this team getting there in the next three years then I would have to think about it. I think it's probably too soon for them this year, though. That impressive road record is intriguing, though.

Philadelphia 76ers (300/1) - I'd bet these odds to say that most people couldn't name three people on this team. They are going nowhere.

Phoenix Suns (4/1) - Given the rest of the prices, this needs a bit of consideration. They took a huge risk, and there are too many questions to answer right now, but if you like the team and the trade then you should jump on this now because it will only go down from here if Shaq gives half the contribution he could.

Portland Trail Blazers (55/1) - This team has fallen back to Earth in a big way, but they have shown that they can get extremely hot for an extended period of time. They are almost certainly a first round victim, but lovers of longshots should take a look - they are the longest shot on the board with a hint of possibility of pulling it off. That doesn't mean value, but think of the fun you'd have telling the story if you bet and won.

Sacramento Kings (300/1) - The only way this team gets a title this year is if the Maloof brothers buy it, or if every other franchise in the league folds.

San Antonio Spurs (5/1) - There is something about this team that makes me uneasy this year, but given their track record they seem like a comparative bargain. I like them to win it as much as Detroit, and the price is the same, so there is no reason to run away screaming from this price.

Seattle Sonics (3000/1) - Unless Kevin Durant can be cloned eight times this team is a long, long way away from the playoffs, never mind the championship.

Toronto Raptors (45/1) - This is a sleeper team. The East is weak enough that a tough, disciplined team that can shoot like this one could sneak through. They don't play a style that is shared by many teams, and they could surprise. It is unlikely, but I like this price nonetheless.

Utah Jazz (20/1) - The best value on the board. They are talented and surprisingly deep. They can play tough against anyone in the West, and would have to be considered at half this price.

Washington Wizards (50/1) - The Nationals will win a World Series before the Wizards win an NBA Championship.