NBA: Miami Heat overrated this year?

[llabb]

Yes, they have loads of talent on paper now, but is Miami a lock to make the NBA finals and be the Eastern Conference champs? People are betting like it is.

When WSEX opened the Eastern Conference lines, it set them at:
Miami +150
Detroit +310
Indiana +350
These lines favor Miami, but seem somewhat reasonable.

Now WSEX has opened its futures markets on the subject, and bettors have shifted the odds to:
MIAMI 39 44 +127
INDIANA 14 18 +455
DETROIT 13 17 +488

At these prices, you can get Indiana and Detroit COMBINED for +185 profit if EITHER of them win! That sounds like great odds to me, a gift due to all the hype about Miami. Does this sound good to the rest of you as well?

[GrekeHaus]

Miami is probably the most overrated team in the NBA right now. Getting Antoine Walker is one of the worst things they could have done for that team. He's what the call a "volume shooter" which is generally just a euphemism for a bad shooter who takes a lot of shots. With Shaq already complaining about touches I'm not sure what Walker will be expected to do.

The Indy/Detroit bet seems pretty good on the surface, though I haven't given it enough analysis to give a more definitive yes or no.