As players and owners meet in New York City in an attempt to settle the NBA lockout in advance of the scheduled November 1 start date for the regular season, bookmakers remain unconvinced a deal will get done. Bodog released odds for the full season being cancelled at 5/4, higher than the line for no games being missed, which is at 8/5.
Bodog has puts the odds of 33 or more games being lost at 3/1, and 31 games or fewer being missed at 4/1.
In 1998-99, of course, the league played 50 games after a deal was reached at the last minute in early January 1999. Commissioner David Stern had set a date in January as a deadline to save the season, and the league condensed a 50-game season into less than three months, complete with back-to-back-to-backs. It's unclear the league would consider playing a regular season smaller than 50 games, though it seems unlikely.