As currently constructed, the C's would be one of the worst of 16 playoff teams. if all teams in the playoffs had an equal shot of winning the title, then each team in the playoffs would have a 6.25% chance of winning the title. So keep that in mind as a baseline. As it stnads right now, the C's are looking to be a 7 seed, so on the road in the first round. Drop them a little bit. They'll be playing a team that is better than them, so drop a little more. If they manage to win, they'd be on the road in round 2, so drop a couple more points; still playing a better team, so a couple more points, etc. Now, we've been hurt by injuries this year, but unfortunately the major injuries have been at the same position (center) and are likely season ending (definitely for wilcox, seems unlikely for JO). So that should hurt in the playoffs.
Of course if we get a couple spots higher, we'd increase our odds, but still would likely have to go through BOTH Chicago and Miami on the road.
And, a favorable buyout, if he came here, could push us up some more.
So for a 7 seeded team with serious injuries and lack of quality at center, meaning all playoff games on the road against better teams, I'd say our odds would be about 2%. Adding a truly legit center might up our odds to 4%, and if we could add them early enough to get up to the 4th seed, maybe 8% just because we'd get a home series and decrease the chances of seeing one of miami/chicago.
I think it's easy to throw out odds, but remember that 16 teams make the playoffs, and all of their odds have to add up to 100. So if you say the C's have a 25% chance as a 7 seed, then there's only 75% to divvy up between all 15 other teams! I think Chicago and Miami are clearly better than the C's, so they get at least 25% each, meaning that there's only a 25% chance that any western team at all wins the title, even though by themselves I think OKC has better odds than the Cs.
So yeah, begas currently has 1:40 odds, or 2.5%. And when it gets down there, I think vegas OVER estimates the odds because if a 1:100 ever comes through they get really screwed, and they know fans of teams that have "real" odds of 1:100 will still buy in at 1:40 odds.