Oh, how the mighty have fallen. According to Westgate Las Vegas SuperBook, it's now a 50-50 proposition that the Lakers and LeBron James will (or won't) make the NBA playoffs.

The "mighty," by the way, referred to LeBron, not the Lakers.

James' teams have made the NBA playoffs the past 13 seasons. The only times James missed the playoffs were his first two seasons in the league. On top of that, the last time a James-led team did not make the NBA Finals was the 2009-10 season. Eight straight seasons — the first four with the Heat, the past four with the Cavaliers — James has played for a championship, winning it all three times.

But now he plays for a weaker team that will emerge from the All-Star break 10th in the ultra-competitive Western Conference. The Lakers (28-29) are three games behind the Clippers (32-27), who are sitting eighth and in the final playoff spot.

In the wake of the Lakers not landing Anthony Davis at the NBA trade deadline, Westgate Las Vegas reopened a proposition bet during the All-Star break on whether the Lakers will make the playoffs, ESPN reports.

The odds are equal (-110), which is quite a change from the odds and enthusiasm before LeBron played his first regular-season game as a Laker in mid-October. Preseason, the odds were -450 the Lakers would make the playoffs for the first time since the 2012-2013 season (a $450 bet would pay $550) and +350 they wouldn't.

With the current prop bet, the payoff would be $10 on $100 bet regardless of whether or not the Lakers make the playoffs.

"With the trade deadline having passed and the length of the break over the next week due to the All-Star Game, this prop is polarizing," Jeff Sherman, vice president of risk at The SuperBook told ESPN. "It's at the forefront of interest considering the Lakers' record at this point of the season."

ESPN's Ben Fawkes broke down the preseason action on the Lakers like this:

"Although 59 percent of bettors thought James' Lakers would miss the playoffs, over 83 percent of the money was on the yes. This was heavily influenced by one bettor who wagered $50,000 on yes at -500 odds, for a potential profit of $10,000. The Lakers closed as overwhelming -600 favorites at Westgate to make the postseason."

Action on the latest prop bet ends when the NBA season resumes Thursday, according to ESPN.

The Lakers resume their season Thursday night at home against the Rockets.