Thunder at Spurs Betting Odds, Picks & Analysis

The Spurs are in very exclusive company this NBA season. One that has seen them own the defending champion OKC Thunder. Behind MVP candidate Victory Wembanyama, the Spurs have won 3 of the first four meetings between the clubs.

With 24 wins in their first 25 games there was talk of the Thunder establishing a new NBA record for victories in a season. They have cooled off since falling back to the pack and opening the door for other teams in the West to make a run at first place in the conference, the Spurs among them.

Thunder at Spurs Preview

The fifth and final regular season meeting between the Oklahoma City Thunder and San Antonio Spurs takes place on Wednesday, February 4, 2026 from the Frost Bank Center in San Antonio, TX. Tipoff is slated for 9:30 p.m. ET with ESPN providing television coverage.

Public Betting Odds Factors

Something happened to the Thunder on their way to a second straight NBA title. Continuing their dominant play that led them to the NBA title a season ago, OKC was unbeatable early. They won 24 of their first 25 games, but they’ve been slumping since then going 14-10.
For any other team winning more than 58 percent of the time over a 24-game stretch would be acceptable. For OKC the bar has been raised to a ridiculous level. Ironically, the skid started with a 111-109 loss to San Antonio in the NBA Cup semifinals.
The Thunder have been off their game recently. Last week against Minnesota they committed 16 turnovers and allowed the Wolves to make 22 3-pointers in a 123-111 setback, OKC’s third in 4 games. They failed to cover the NBA spread in every game and are just 4-10 ATS in their last 14 games.
OKC suffered a big loss a few weeks ago when Jalen Williams exited a game with a leg injury. There is no timetable for the return of the team’s second-leading scorer. On the plus side the Thunder did get Isaiah Hartenstein back in the lineup after he missed 16 games due to injury.
The Spurs have the second-best record in the West and third-best in the entire NBA even with Wembanyama missing 14 of the team’s first 47 games. The supporting cast has been exceptional with 7 players besides Wemby scoring in double figures.
With Wembanyama anchoring the middle, the Spurs are one of the best defensive teams in the NBA. Wemby leads the league in blocks and is tied for 2nd averaging 11.2 rebounds. The Spurs have the third-best defensive rating and they’ve been a strong UNDER bet on the NBA betting line total going 30-17.

Thunder at Spurs Predictions

OKC has been the most consistent team over the last few seasons. They rarely have long stretches of bad play no matter what’s going on with the roster. Getting Hartenstein back will help the interior and Shai Gilgeous-Alexander is on a quest to repeat as MVP.
The Spurs likely feel good about the matchup since they’ve won 3 of 4 against OKC already this season. However, their run of good fortune was upended the last time the teams met with the Thunder executing flawlessly on both ends of the floor.

Thunder at Spurs Betting Tips

One thing to consider is that OKC will be playing the second game of a back-to-back and their third game in four nights. That hasn’t affected them too much this season, though, since they are 9-4 SU with a rest disadvantage.
Their cover loss at Minnesota on Thursday was OKC’s 4th in a row and they have just 4 payouts in their last 14 games.
The Spurs cashed the UNDER in a 5th straight game and for the 13th time in 14 outings beating Houston 111-99 last Wednesday.

Thunder at Spurs Head to Head and Key Stats

San Antonio’s 3 wins came in a span of 12 days back in December with 2 of them as a double-digit dog.
The Spurs had a payout in 5 of 6 meetings before OKC’s 119-98 home win and cover in mid-January.
In 4 games against the Spurs Gilgeous-Alexander is averaging 29.5 points. And OKC has held Wembanyama to no more than 22 points and a 17.5 points per game average in the same 4 games.
The teams played UNDER the total in 2 straight games and 6 of the last 8.