The Cleveland Cavaliers, Golden State Warriors and San Antonio Spurs are the betting favorites to win the NBA title next summer, but bettors in Las Vegas are flocking to a stunning longshot: the 300-to-1 Los Angeles Lakers. According to the Westgate SuperBook, the Lakers are the sixth most popular pick to win the title, ahead of LeBron James’ Cleveland Cavaliers.

Via ESPN:

“The Warriors and Spurs have attracted the most money to win the title at the SuperBook, followed by the Los Angeles Clippers and Chicago Bulls. The Lakers, at 300-1, are next in terms of money wagered. Approximately 1.4 times more bets have been placed on the Lakers to win it all than the Cavs.”

You read that correctly. People are betting actual currency on the Los Angeles Lakers to win the title — a team that won 21 games last year, now boasting a 37-year-old superstar who has already missed time in the preseason due to injury.

It’s understandable to root for the underdog and throw down a few dollars on a longshot, but betting on the Lakers is essentially throwing money away.

Unless D’Angelo Russell can put up Magic Johnson numbers in his rookie season and Kobe Bryant makes an unholy pact with the basketball gods to score 30 points a game and start at least 60 games in a season for just the second time in five years, it seems highly unlikely the Lakers will even manage 35 wins in the ultra-competitive Western Conference. The longshot odds are great and all, but there still has to be a realistic outside chance of your pick winning to make the bet worth it.