A 500-1 long shot to start the season, the New York Knicks have emerged as the best bet in basketball and are covering the spread at a historic rate -- although that hasn't meant a surge in bets on them winning a title.
Entering Friday's game at the Phoenix Suns, the Knicks have covered the spread in 65.1% of their games (43-23 ATS). In the past 30 seasons, only the 2011-12 San Antonio Spurs (67.2%) and 2009-10 Milwaukee Bucks (65.9%) have a better winning percentage against the spread over a regular season, according to ESPN Stats and Information.