NHL Betting Odds

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The 2020-21 NHL season started in January 2021, which means it’s time to start looking at major teams and their odds to win the NHL Stanley Cup. NHL predictions are a little unique this year due to adjustments to the overall season length and team count due to COVID-19.

The Colorado Avalanche are the current favorites, with odds to win the NHL playoffs and Stanley Cup sitting at +750. Though the Tampa Bay Lightnings won last season and are also expected to do well this season, sitting at third favorite with +900 odds. Let’s take a closer look at some NHL predictions and the broader betting situation so you know what to expect as the season begins.

nhl betting odds Live NHL Odds

Bet TypeSpreads
Open
Thu (2/25) @ 7:00pm ET NJ Devils -105 -118 -110 -114 -114 -120
BUF Sabres -110 +100 -105 -103 -103 +100
Thu (2/25) @ 7:00pm ET CHI Blackhawks +105 +114 +105 +110 +110 +110
CBJ Blue Jackets -125 -133 -125 -128 -128 -130
Thu (2/25) @ 7:00pm ET DAL Stars +105 +122 +120 +123 +123 +115
FLA Panthers -125 -145 -141 -141 -141 -135
Thu (2/25) @ 7:00pm ET BOS Bruins -130 -133 -125 -128 -128 -125
NY Islanders +110 +114 +105 +112 +112 +105
Thu (2/25) @ 7:00pm ET CGY Flames -175 -154 -154 -143 -143 -149
OTT Senators +150 +130 +130 +125 +125 +130
Thu (2/25) @ 7:00pm ET CAR Hurricanes +130 +124 +120 +114 +114 +115
TB Lightning -154 -147 -145 -132 -132 -135
Thu (2/25) @ 7:00pm ET PIT Penguins -105 -104 -110 -109 -109 -110
WSH Capitals -110 -112 -105 -108 -108 -110
Thu (2/25) @ 7:30pm ET NSH Predators -154 -164 -161 -159 -159 -161
DET Red Wings +130 +138 +135 +138 +138 +135
Thu (2/25) @ 8:00pm ET MTL Canadiens -110 -130 -125 -128 -128 -125
WPG Jets -105 +110 +105 +110 +110 +105
Thu (2/25) @ 10:00pm ET EDM Oilers -130 -139 -135 -137 -137 -145
VAN Canucks +110 +118 +115 +118 +118 +125
Thu (2/25) @ 10:30pm ET VGS Golden Knights -200 -200 -200 -222
SJ Sharks +164 +164 +164 +175
Thu (2/25) @ 7:00pm ET NJ Devils 1.5 -303 1.5 -294 1.5 -303 -1.5 +225 -1.5 +225 -1.5 +210
BUF Sabres -1.5 +230 -1.5 +235 -1.5 +240 1.5 -278 1.5 -278 1.5 -263
Thu (2/25) @ 7:00pm ET CHI Blackhawks 1.5 -278 1.5 -238 1.5 -250 1.5 -233 1.5 -233 1.5 -233
CBJ Blue Jackets -1.5 +220 -1.5 +198 -1.5 +200 -1.5 +190 -1.5 +190 -1.5 +185
Thu (2/25) @ 7:00pm ET DAL Stars 1.5 -278 1.5 -244 1.5 -250 1.5 -222 1.5 -222 1.5 -222
FLA Panthers -1.5 +220 -1.5 +200 -1.5 +190 -1.5 +180 -1.5 +180 -1.5 +175
Thu (2/25) @ 7:00pm ET BOS Bruins -1.5 +220 -1.5 +198 -1.5 +220 -1.5 +205 -1.5 +205 -1.5 +190
NY Islanders 1.5 -278 1.5 -238 1.5 -278 1.5 -250 1.5 -250 1.5 -238
Thu (2/25) @ 7:00pm ET CGY Flames -1.5 +145 -1.5 +180 -1.5 +170 -1.5 +163 -1.5 +163 -1.5 +170
OTT Senators 1.5 -175 1.5 -208 1.5 -200 1.5 -200 1.5 -200 1.5 -200
Thu (2/25) @ 7:00pm ET CAR Hurricanes 1.5 -200 1.5 -189 1.5 -227 1.5 -208 1.5 -208 1.5 -196
TB Lightning -1.5 +165 -1.5 +158 -1.5 +180 -1.5 +175 -1.5 +175 -1.5 +165
Thu (2/25) @ 7:00pm ET PIT Penguins 1.5 -278 1.5 -263 -1.5 +230 1.5 -278 1.5 -278 1.5 -278
WSH Capitals -1.5 +230 -1.5 +215 1.5 -278 -1.5 +220 -1.5 +220 -1.5 +220
Thu (2/25) @ 7:30pm ET NSH Predators -1.5 +180 -1.5 +154 -1.5 +170 -1.5 +165 -1.5 +165 -1.5 +160
DET Red Wings 1.5 -227 1.5 -185 1.5 -200 1.5 -200 1.5 -200 1.5 -189
Thu (2/25) @ 8:00pm ET MTL Canadiens -1.5 +230 -1.5 +190 -1.5 +220 -1.5 +195 -1.5 +195 -1.5 +190
WPG Jets 1.5 -278 1.5 -233 1.5 -278 1.5 -238 1.5 -238 1.5 -238
Thu (2/25) @ 10:00pm ET EDM Oilers -1.5 +200 -1.5 +188 -1.5 +185 -1.5 +180 -1.5 +180 -1.5 +180
VAN Canucks 1.5 -250 1.5 -227 1.5 -227 1.5 -222 1.5 -222 1.5 -227
Thu (2/25) @ 7:00pm ET NJ Devils u5.5 -110 u5.5 -120 u5.5 -115 u5.5 -120 u5.5 -118 u5.5 -125
BUF Sabres o5.5 -110 o5.5 +100 o5.5 -105 o5.5 -103 o5.5 +100 o5.5 +105
Thu (2/25) @ 7:00pm ET CHI Blackhawks o5.5 -110 o5.5 -135 o6 +100 o6 -105 o6.0 -104 o6 -110
CBJ Blue Jackets u5.5 -110 u5.5 +115 u6 -120 u6 -118 u6.0 -115 u6 -110
Thu (2/25) @ 7:00pm ET DAL Stars o6 -105 o5.5 -110 o5.5 -110 o5.5 -118 o5.5 -115 o5.5 -110
FLA Panthers u6 -115 u5.5 -110 u5.5 -110 u5.5 -105 u5.5 -103 u5.5 -110
Thu (2/25) @ 7:00pm ET BOS Bruins o5 -125 o5.5 +120 o5.5 +120 o5.5 +118 o5.5 +120 o5.5 +120
NY Islanders u5 +105 u5.5 -141 u5.5 -145 u5.5 -143 u5.5 -143 u5.5 -141
Thu (2/25) @ 7:00pm ET CGY Flames o6.5 +100 o6.5 +105 o6.5 -105 o6 -120 o6.0 -118 o6 -110
OTT Senators u6.5 -120 u6.5 -125 u6.5 -115 u6 -103 u6.0 +100 u6 -110
Thu (2/25) @ 7:00pm ET CAR Hurricanes o6 -120 o6.5 -110 o6.5 -105 o6.5 +102 o6.5 +102 o6.5 +100
TB Lightning u6 +100 u6.5 -110 u6.5 -115 u6.5 -122 u6.5 -120 u6.5 -120
Thu (2/25) @ 7:00pm ET PIT Penguins o6 -120 o6.5 +100 o6 -120 o6 -125 o6.0 -125 o6.5 +105
WSH Capitals u6 +100 u6.5 -120 u6 +100 u6 +104 u6.0 +106 u6.5 -125
Thu (2/25) @ 7:30pm ET NSH Predators u5.5 -120 u5.5 -141 u5.5 -145 u5 +117 u5.0 +118 u5.5 -145
DET Red Wings o5.5 +100 o5.5 +120 o5.5 +120 o5 -141 o5.0 -139 o5.5 +125
Thu (2/25) @ 8:00pm ET MTL Canadiens o6 -120 o5.5 -130 o6 -120 o6 -103 o6.0 +100 o6 -105
WPG Jets u6 +100 u5.5 +110 u6 +100 u6 -120 u6.0 -118 u6 -115
Thu (2/25) @ 10:00pm ET EDM Oilers o6.5 -105 o6.5 -125 o6.5 -120 o6.5 -118 o6.5 -115 o6.5 -110
VAN Canucks u6.5 -115 u6.5 +105 u6.5 +100 u6.5 -105 u6.5 -103 u6.5 -110

Current NHL Stanley Cup Odds

Due to the COVID-19 pandemic, the NHL 2020-21 league has been significantly shortened. While most NHL leagues last from October to April before moving into playoffs that last until June, this year’s season will instead have just 56 games for its regular season. The top four teams in each division will eventually qualify for the playoffs.

Because of this, oddsmakers have adjusted their predictions for who will be the upcoming season’s champions. As NHL betting odds for the finals are calculated at the beginning of each season, the Colorado Avalanche currently have the best odds of winning the NHL championship for the 2021 Stanley Cup at two major sportsbooks: DraftKings and FanDuel.

The Golden Knights come in second, although it’s worth noting that both teams were eliminated from the 2019-20 Stanley Cup by the Dallas Stars. These odds will change throughout the season based on a variety of factors.

Time will tell whether the current favorite teams retain their lead or if things change up significantly over the course of the shortened season.

Which States Offer NHL Betting Odds

The majority of big legal sportsbooks in the US allow NHL betting. This lets hockey fans to place wagers on NHL lines provided that their state has legalized online or retail sportsbooks.

Currently, almost two dozen states have some form of legal sports betting, either at retail sportsbooks or online sports betting sites. Nevada, New Jersey, and Pennsylvania were some of the earliest states. More recently, Colorado, Michigan, and Illinois launched online betting, whereas states like New York have retail sportsbooks but no online betting. Other states, such as Virginia and Oregon look like they could launch sports betting in 2021. 

For an overview of where you can bet in the US, check out our guide on US Sports Betting Apps

Sportsbooks With The Best Hockey Odds

Fortunately, the differences between the odds provided by most major sportsbooks aren’t that severe. Major sportsbooks such as DraftKings and FanDuel provide odds using legitimate linemakers or oddsmakers: statistical professionals who work hard to provide fair sports betting wagers for both sides in a given match.

However, it’s important to remember that larger, more established sportsbooks may have more “player-friendly” odds to offer. Since oddsmakers create odds specifically to split the action between both sides of a match, they never make odds based on what they personally think the outcome will be.

Big sportsbooks may produce odds using official league data (a fact that may be advertised on the sportsbook itself) to determine fun, entertaining wagers for underdog bettors and favorite bettors.

NHL Playoffs Betting Odds

Since the playoffs and finals games are some ways away, the odds for the NHL playoffs will be adjusted throughout the year. The NHL season has been limited to 24 teams due to the COVID-19 pandemic. Betting odds have now reflected this and some teams may have abnormally high ratings compared to last season.

You can place futures wagers using most major mobile sportsbooks. These bets must be placed at some point before the playoffs, though the wagers themselves and their associated odds are often released as early as August. 

For instance, the Colorado Avalanche are currently predicted to win the Stanley Cup with +750 odds. If you bet on them now, you can place a $10 bet. If the odds for the Avalanche to win stay the same and they do take the Stanley Cup, you’ll get $75.

If you lose, you’ll lose both your original $10 bet plus another $75. 

These playoff odds are constantly updated as teams go through winning streaks or losing streaks and as different players are traded, become injured, or are otherwise affected during the season.

NHL Playoff Series Odds

NHL playoff series odds are separated into two major types: odds about which teams will make it into the playoffs and which teams will win the playoffs.  

Obviously, the first set of wagers will be released early in the NHL season (sometime in January or February 2021). This allows bettors to make predictions about which teams will make it to the playoff games.

The second set of wagers will be released immediately before and during the playoffs. NHL series odds will be constantly adjusted as different teams either progress through the brackets or are eliminated.

There will also be prop bets around playoff series, such has how many games the Avalanche might win in a certain round of the playoffs or how many goals are scored during a series.

NHL Game Odds

Players will find a variety of different NHL game lines on which to place wagers throughout the season. Here are a few examples:

  • NHL Moneylines – Moneyline bets are popular across most professional sports leagues. Players can simply focus on picking the winner. Payouts are adjusted to account for team inequity (i.e. you’ll make more money betting on the underdog than the reverse)
  • NHL Futures – Players can place NHL futures bets based on future events. These are usually wagers surrounding the Stanley Cup winner or those who make the playoffs. You’ll get more money by betting earlier in the season than later since the NHL futures odds become less risky as time goes on
  • NHL Spreads – Also called NHL puck line bets, these allow players to “bet the spread”. Basically, players wager on which team will win a game based on the spread of points necessary for a payout. This allows players to enjoy wagering action even when betting on the underdog team since it’s harder to win money by placing bets on the favorite

All odds are posted with negative values representing the odds or spread for the favorite team while positive values represent the spread for the underdog team.

For a basic moneyline bet, a team with a -130 score means you’ll need to bet $130 in order to win $100. A team with a +130 score means you’ll only need to bet $100 to win $130. 

During an NHL game, certain events can affect game odds both during the match itself and the odds leading up to game day. These include:

  • If a player is injured
  • Both teams’ prior victory and loss records
  • Coach changes
  • Player trading
  • Whether a team is playing at their home stadium

NHL Live Odds

Some of the best sportsbooks will offer in-play or live betting, though not all of them do this for the NHL. In-play betting allows you to place wagers on events that are occurring or are likely to occur during a live game. Many top-tier sportsbooks will even let you live stream game footage as you place your wagers.

For NHL in-play bets, all the live betting odds are calculated from the pre-match odds that are then considered with the current score, plus additional factors such as injured players, the time remaining, and so on. Thus, in-play bets are still heavily connected to pre-match odds.

Placing an in-game bet is quick and easy with most sportsbooks that provide this feature:

  • Find the game you are watching, either on a TV or through your mobile app if it provides a live streaming service
  • Pull up your betting slip and select the tab or section that says “live betting”
  • You’ll find a selection of NHL wagers to place regarding the current game. Odds should update automatically and consistently
  • Place your wager using your normal betting slip and see how things turn out

Placing NHL Prop Bets

NHL prop bets are usually released by major sportsbooks close to the postseason marker. For this season, that might be around May, as the playoffs are expected to begin around this time, with the finals games occurring sometime in July.

NHL player props typically focus on the contenders to win the Conn Smythe Trophy, which marks a player as the NHL MVP for the playoff tournament. Odds will typically range between +100 to +1000 and reflect oddsmakers’ estimates of players’ abilities and their raw point production. Odds also take the chances of a player’s team winning the Stanley Cup into account.

 


FAQs – NHL Odds And Picks

Is NHL Betting Legal In The US?

Yes, in certain states. Note the list of states with legalized sports betting above to determine if you can partake in sports wagers for the NHL season.

Who Sets The Odds To Win The NHL Championship?

All major sportsbooks have their own oddsmakers that set odds to win the NHL championship and Stanley Cup. However, sportsbooks will also sometimes take other books’ odds into account, so most books end up with pretty similar odds for major events like the championship.

How Far In Advance Can I Place NHL Future Bets On The Finals?

You can place NHL future bets for the NHL Stanley Cup playoffs and final match up a few weeks prior to the beginning of the season.

Where Can I Find The Best NHL Playoff Odds?

Check your favorite sportsbook websites for updated odds on the 2021 NHL season this year. You can also check sports betting resources like Gaming Today.

Do Online Sportsbooks Offer NHL Draft Odds?

Some of them do. DraftKings and FanDuel often have draft pick odds prior to a season’s start.

Does DraftKings Offer NHL Odds?

Yes. DraftKings offers play-friendly NHL odds before and throughout the season.

Does FanDuel Offer Live NHL Odds During A Game?

Yes. FanDuel offers live sports betting for both the NHL and other professional sports leagues like football, basketball, and more.

About the Author

Amber Hoffman

Amber is the Managing Editor of Gaming Today. She writes for a variety of websites in diverse industries, including gaming and travel and is a fan of football (not soccer) and Gaelic sports.

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