The addition of LeBron James has escalated the championship odds for the Miami Heat at Las Vegas sports books. According to the “Review-Journal,” the Heat were installed as a 9-5 favorite to win the NBA Championship next season at the M Resort sports book this morning, hours after James announced he is joining fellow free agents Dwyane Wade and Chris Bosh to create a “dream team” of sorts in Miami. The L.A. Lakers are next at 7-2, followed by the Orlando Magic at 13-1 to win it all. The M Resort’s sports book director says the Heat opened as a 20-1 pick for next year’s title about a month ago, but there were no takers at that price. The Heat are also listed as a -160 favorite to win the Eastern Conference. As for LeBron’s old team, the Cleveland Cavaliers, his departure sent them in the opposite direction. After opening at 10-1 to win the title, the Cavs have now dropped to 300-1.