Viva La ‘Bron! Vegas makes Cavs instant favorites to win NBA title

Las Vegas disagrees with LeBron James.

In the open letter he wrote for SI.com on Friday in which he announced his return to Cleveland, James wrote:

"I’m not promising a championship. I know how hard that is to deliver. We’re not ready right now. No way. Of course, I want to win next year, but I’m realistic. It will be a long process, much longer than it was in 2010."

SHOCKING DECISIONS

Well, the oddsmakers think the Cavs are ready.

After James’ decision, Bovada.lv quickly made Cleveland the favorite to win the 2014-15 NBA title.

Here are the top five:

Bovada also put up these LeBron James prop bets on Friday:

Will LeBron James win the 2014-15 NBA MVP:

LeBron’s average points per game in the 2014-15 NBA regular season:

Over/Under: 25.5