NHL Stanley Cup Odds

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There is nothing like playoff hockey. The 2022 Stanley Cup Playoffs are moving right along, and the second round has arrived! A total of eight teams remain, and they all have their sights set on hoisting Lord Stanley. The expansion of sports betting across the country adds another element of excitement to the playoffs, and sportsbooks are offering plenty of ways to bet on the Stanley Cup.

Along with Stanley Cup futures odds, bettors can bet on individual playoff games with bets like moneylines, puck lines, game totals, player props, and parlays. With all of the betting options, it’s important to know where each team currently stands. Let’s take a look at the Stanley Cup odds as they stand on Tuesday, May 17.

Current Stanley Cup Odds


COL Avalanche +135 42.55%
TB Lightning +260 27.78%
CAR Hurricanes +600 14.29%
EDM Oilers +650 13.33%
NY Rangers +1300 7.14%
CGY Flames +2800 3.45%
STL Blues +3000 3.23%

Implied probabilities are calculated using odds offered by DraftKings.
Last Updated: 2022-05-27 00:00:00 PDT.

+135 +135 +140 +137 42.26% 7.77% 9.24% 15.71%
+260 +260 +250 +257 28.04% 8.96% 21.03% 20.62%
+600 +550 +550 +567 15.02% -3.16% 6.69% 3.08%
+650 +650 +700 +667 13.05% 8.76% 7.28% 7.01%
+1300 +1200 +1200 +1233 7.51% 2.89% 5.09% 1.63%
+2800 +2500 +2400 +2567 3.77% -12.90% -10.20% -9.28%
+3000 +3000 +3000 +3000 3.23% -2.44% -2.93% -0.70%

The Colorado Avalanche have been the odds-on favorite to win the Stanley Cup for most of the season, and they still hold the No. 1 spot (+190) heading into the second round. Colorado had little trouble with Nashville in the first round, as the Avs completed a 4-game sweep of the Preds. Looking to win their first Stanley Cup since 2000-01, the Avalanche will now face the St Louis Blues in the second round. The Avs enter the series as heavy favorites to advance to the Western Conference Finals (-380), while the Blues are +290 to pull the series upset.

Following the Avalanche, the Florida Panthers (+380), Carolina Hurricanes (+600) and Calgary Flames (+600) are top teams in the Stanley Cup futures market. The Tampa Bay Lightning are looking to three-peat as champions, and they are +650 to pull it off.

Other teams in the running include the Edmonton Oilers (+1200), New York Rangers (+1300), and St Blues Blues (+1700).

There is nothing like playoff hockey, and as we know, anything can happen. Let’s take a deeper dive into some intriguing storylines for the second round:

The Battle Of Alberta

The Edmonton Oilers are set to take on the Calgary Flames in the second round in what has become known as the Battle of Alberta. This terms is applied to the heated rivalry between the two NHL franchises from Alberta’s most populous city of Calgary, and the province’s capital city of Edmonton. The Flames and Oilers have not met in the playoffs since 1991, when the Oilers won the series in seven games. In total, the Flames and Oilers have met five times in the postseason, with Edmonton winning the series four times. Oddsmakers are favoring the Flames this time around, as they are -190 to advance to the Western Conference Finals, while Edmonton is +160 to win the series. Game 1 gets started on Wednesday, May 18 at 9:30 p.m. ET. Calgary is also favored in that game, finding themselves listed at -160 odds on the moneyline, while Edmonton is +140.

The Battle Of Florida

In a less historic rivalry, the Battle of Florida will take place in the second round as the Tampa Bay Lightning go up against the Florida Panthers. While this in-state rivalry may not have the history that the Battle of Alberta does, that doesn’t mean that it won’t be worth watching. The Lightning are looking to three-peat as Stanley Cup Champions, while the Panthers are coming off their first playoff series win in 26 years. While the Lightning may have more playoff experience, oddsmakers are giving the early edge to the Panthers. Florida is -150 to win the series, while Tampa Bay is +130. Game 1 begins on Tuesday, May 17 at 7 p.m. ET. Florida is favored on the moneyline (-145), and the over/under is listed at 6.5.

Igor Leading The Way

It is no secret that in order to win the Stanley Cup, you need to have solid goaltending. The Rangers certainly have that in Igor Shesterkin. Shesterkin led the NHL in goals against average (2.07) and save percentage (.935) during the regular season. He was also fourth in wins with 36. His spectacular play has him all but a lock for the Vezina Trophy (-1200), which is given to the league’s best goaltender. If he stays strong between the pipes, there is tremendous value on the Rangers to win the Stanley Cup. New York entered the postseason +2200 to win the Stanley Cup, and after a first round series win over Pittsburgh, the Rangers are now +1300 to go all the way. But before they do that, they must get past the Carolina Hurricanes in the second round. Entering the series, the Broadway blueshirts are +160 to advance, while the Hurricanes are -190.

Where Can I Bet On The NHL Stanley Cup Online?

Fans looking to bet on the Stanley Cup can do so if located in one of the states where sports betting is legal. As for which sportsbooks they can use, it will depend on the books active in a customer’s state. Some sportsbooks are licensed in many states, while others are not. But which one should you choose?

Competitive odds, large betting markets, and an easy-to-use app are key factors to consider when choosing a sports betting platform. In addition, most sportsbooks offer welcome bonuses in hopes of attracting new customers.

BetRivers Sportsbook

Claim Bonus: Visit BetRivers Sportsbook and get a 100% deposit match bonus up to $250

Caesars Sportsbook

Claim Bonus: Visit Caesars Sportsbook and get up to $1,100 in First Bet Insurance

  • States legal: Arizona, Tennessee, Virginia, New Jersey, West Virginia, Colorado, Illinois, Indiana, Iowa, Michigan, Louisiana, New York, West Virginia and Nevada
  • Current bonus: Up to $1,100 in First Bet Insurance
  • Mobile app: Available for iOS and Android devices

BetMGM Sportsbook

Claim Bonus: Visit BetMGM and get a risk-free bet worth up to $1,000

  • States legal: Arizona, Colorado, DC, Illinois, Indiana, Iowa, Louisiana, Michigan, Mississippi, New Jersey, Nevada, New York, Pennsylvania, Tennessee, Virginia, West Virginia & Wyoming.
  • Current bonus: Risk-free bet, max value $1,000
  • Mobile app: Available for iOS and Android devices

FanDuel Sportsbook

Claim Bonus: Visit FanDuel Sportsbook and get a risk-free bet up to $1000

  • States legal: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Jersey, New York, Pennsylvania, Tennessee, Virginia, West Virginia & Wyoming.
  • Current bonus: Risk-free bet, max value $1000
  • Mobile app: Available for iOS and Android devices

DraftKings Sportsbook

Claim Bonus: Visit DraftKings Sportsbook and get a 20% match bonus up to $1000 + $50 free bet with $5 deposit

  • States legal: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Hampshire, New Jersey, New York, Pennsylvania, Tennessee, Virginia, West Virginia & Wyoming.
  • Current bonus: Deposit $5 or more to receive a $50 free bet. Also, 20% deposit match up to $1,000.
  • Mobile app: Available for iOS and Android devices

How Stanley Cup Bettings Odds Are Calculated

Stanley Cup odds are available for the entirety of the NHL season. They begin as a futures bet, and tend to open for the next season around the time the current season’s Stanley Cup gets underway. Bets for the 2022 Stanley Cup are available on all sports betting platforms now. Odds for the 2023 Stanley Cup will most likely become available in the next few months as this year’s playoffs unfold.

Professional oddsmakers generate lines and odds for each team and each game based on a variety of factors. Throughout the course of the regular season and playoffs, Stanley Cup odds fluctuate based on a team’s performance. In addition, factors such as trades, injuries, matchups, and coaching changes can impact Stanley Cup odds.

In all Stanley Cup Playoff games, there are a wide variety of bets available. These include moneylines, puck lines (point spread), game totals, series props, team props, player props and parlays.

What Is An NHL Futures Bet?

An “NHL futures bet” is a bet that fans can make on an event, series, or award that will occur or get awarded at some point in the future. For hockey fans, betting on the winner of the Stanley Cup is one of the most common. Other popular NHL futures bets include award winners like the Vezina Trophy and Calder Trophy.

Fans can make futures bets related to the Stanley Cup at any time prior to the conclusion of the conference finals.

What Is A Stanley Cup Prop Bet

Stanley Cup prop bets, or proposition bets, are bets regarding aspects of the game or series but not tied directly to the final score. Stanley Cup MVP is probably the most popular one, but fans can also bet on how long the series will last, who will score the first goal in each game, who wins each period of a game, etc.

Other common player props include shots on goal, saves, and points. The possibilities for prop bets are limitless, but books do not post prop bets on things like the National Anthem or other things completely unrelated to the game like they do for the Super Bowl.

How Can I Bet On The Stanley Cup In Vegas

If you are heading to Vegas but want to see what the odds are on the Stanley Cup in Sin City first, several websites (VegasInsider.com, VSIN.com, VegasOdds.com, Vegas.com, etc.) publish odds from Vegas sportsbooks.

As for where to place bets in Vegas, pick a casino, and you will be able to find a sportsbook willing to take your bet. Online betting is legal (and retail) if you do not want to visit a casino. But you will have to open an account in person at the sportsbook inside the casino first.

Strategies For Stanley Cup Betting

Much like it is important to approach betting in the regular season with a strategy, bettors should do the same when it comes to the Stanley Cup. You could be conservative and bet on the favorite, but the odds are not always profitable. For example, if a team is favored at -500, it may not be worth it to risk $500 to potentially win $100.

The winner is often one of the top four seeded teams, with the 2-seed the most successful in recent years. But every seed has made it to the Final at least once since 2002. Each has won at least once, except for the 7-seed. 

So, if you cannot count on the top teams, what do you do?

  • Research: to make an informed decision, you need to know as much as possible about the two teams playing.
  • Zig-Zag Theory: When evenly matched teams face-off, it is not unusual for whoever loses Game 1 to bounce back and win Game 2. Then the loser of Game 2 bounces back to win Game 3.
  • Fading the Public: This is not as prevalent in hockey as in other sports due to the volume of bets placed on the Stanley Cup.
  • Middling: It is not a common strategy for hockey games but involves making two bets on a game, one on each team with the second coming after the line moves.
  • Line Shopping: If you are going to bet on a game, you might as well do so with the book that will give you the highest payout. So, before you put money down with one book, check a few others to see if any has better odds.
  • Alternate Lines: If you are extremely confident in one team over another, alternate lines are a great way to increase your potential payout. However, you must be careful. Get too greedy, and you can lose a game you should have won.

Betting Odds For The Stanley Cup FAQs

Is betting on the Stanley Cup legal in the US?

Yes, but not in every state. Betting on the Stanley Cup is legal in states where sports betting has been legalized. The most recent states to implement sports betting include Louisiana, New York and Wyoming.

Where can I bet on the Stanley Cup online?

Fans can bet on the Stanley Cup at online sportsbooks licensed to operate in the state in which they are located. Among the top online sportsbooks available in many states are BetMGM, DraftKings, FanDuel, BetRivers, PointsBet, and Caesars.

How old do I need to be to bet on the Stanley Cup?

Bettors will need to be at least 18-21 years of age (depending on the age requirement in their state).

Do online sportsbooks offer live betting during the Stanley Cup?

Yes, live betting is available at online sportsbooks during the Stanley Cup Playoffs.

What kind of prop bets are there for the Stanley Cup?

For the Stanley Cup, fans can bet on various prop bets that are either team-based or player-based. Prop bets can also include a single game or a series. Common team props include total team goals. Common player props include shots on goal, saves, and points.

Can I bet on events happening off the ice?

While it is popular to bet on things like the coin toss, length of the National Anthem, and the halftime show for the Super Bowl, off-ice prop bets are not available for the Stanley Cup.

Who is the current Stanley Cup odds favorite for 2022?

As of May 16, DraftKings has the Colorado Avalanche listed as the favorites to win the Stanley Cup (+190), followed by the Florida Panthers (+380), and Carolina Hurricanes (+600).

About the Author

Connor Grootenhuis

Writer and Contributor
Connor Grootenhuis is a sportswriter covering all things gambling and sports betting. Based in the Bayou State of Louisiana, he is a lifelong sports fan and a believer that every loss is a bad beat and every win is easy money.

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