The 33-year-old ended speculation surrounding his future early on Monday morning, announcing his eagerly-anticipated move via a press release on Twitter.James has signed a four-year deal with the Lakers worth a staggering $154m.

And punters firmly believe the NBA icon can guide his new side to glory in the 2018/19 championship.On Sunday evening, the Lakers were 8/1 to secure their first NBA Finals victory since 2010.But since James' announcement, they’re now 3/1 second favourites, which is a farcry from the whopping 150/1 being offered for them to win the 17/18 Championship.

The Cavaliers, on the other hand, have gone from a 25/1 shot at the end of June to a staggering 500/1 best price.Punters are now flocking to back LeBron and co. in this season's championship.

Since the deal was announced, 52% of all NBA Championship bets have gone on LA, far more than any other team.The Golden State Warriors are the next most popular team, with support still coming in for them at 22%.