The Bulls enter the 2015 NBA Playoffs as the No. 3 seed in the East and, at 50-32, are tied for the ninth best record in the NBA.

But playing in the much weaker Eastern Conference, the Bulls actually tout the fourth best NBA championship odds heading into the postseason, per Bovada.

The Cleveland Cavaliers, ranked second in the East but playing the conference's best basketball, are tied with the overall No. 1 seed Golden State Warriors with the best championship odds at 11/5.

The red-hot San Antonio Spurs, last year's NBA champions now seeded sixth in the brutal West, have the third best odds at 7/2.

[NBC SHOP: Gear up for the playoffs, Bulls fans!]

Then it's the Bulls and the Hawks, the East's top seed, with the fourth best odds at 12/1.

Despite earning the East's No. 6 seed, the Milwaukee Bucks - the Bulls' first round opponent - have the playoffs' worst odds of hoisting the Larry O'Brien trophy at 250/1.

In the Eastern Conference, the Bulls have the third best odds to advance to the NBA Finals at 11/2, behind the Hawks (13/4) and the overwhelming favorite Cleveland Cavaliers (1/2).

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Once again, the Bucks have the worst odds of advancing in the East, at 100/1.

The Bulls begin their playoff series against Milwaukee on Saturday at 6 p.m., and opened as 7.5-point favorites. They're a whopping -700 to the win the series, meaning a $700 wager would return $100 in winnings.