NHL Stanley Cup Odds

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There is nothing like playoff hockey. The 2022 Stanley Cup Playoffs have come and gone, with the Colorado Avalanche winning the Stanley Cup. This season may be over, but it’s never too early to start looking at the Stanley Cup futures market for the 2023 season. The expansion of sports betting across the country adds another element of excitement to the Stanley Cup, and sportsbooks are offering plenty of ways to bet on the action.

Along with Stanley Cup futures odds, bettors can bet on individual NHL games with bets like moneylines, puck lines, game totals, player props, and parlays. With all of the available betting options, it’s important to know what the betting market for the Stanley Cup is looking like. Let’s take a look at the Stanley Cup odds as they stand on Tuesday, June 28.

Current Stanley Cup Odds

ZOOM: BOOK:

TEAM ODDS PROBABILITY
COL Avalanche +380 20.83%
TOR Maple Leafs +700 12.50%
FLA Panthers +900 10.00%
CAR Hurricanes +1100 8.33%
TB Lightning +1200 7.69%
CGY Flames +1500 6.25%
EDM Oilers +1500 6.25%
MIN Wild +1700 5.56%
NY Rangers +2000 4.76%
PIT Penguins +2000 4.76%

Implied probabilities are calculated using odds offered by DraftKings.
Last Updated: 2022-10-02 00:00:00 PDT.

 
+380 +425 +450 +418 19.35% 0.00% 0.00% 0.00%
+700 +800 +1000 +833 10.90% 0.00% 0.00% 0.00%
+900 +900 +1100 +967 9.44% 0.00% -0.18% -0.18%
+1100 +1000 +1000 +1033 8.84% 0.00% 0.00% 0.00%
+1200 +1200 +1200 +1200 7.69% 0.00% 0.00% 0.00%
+1500 +1400 +1500 +1467 6.39% 0.00% 0.12% 0.12%
+1500 +1800 +1600 +1633 5.80% 0.00% 0.23% 0.23%
+1700 +1800 +1800 +1767 5.36% 0.00% 0.19% 0.19%
+1800 +1900 +1850 5.13% 0.00% 0.00% -0.28%
+2000 +1800 +1800 +1867 5.09% 0.00% 0.00% -0.10%
+2000 +1800 +1900 +1900 5.01% 0.00% 0.00% -0.18%
+2500 +2800 +2800 +2700 3.58% 0.00% 0.13% 0.09%
+4000 +3000 +3000 +3333 2.97% 0.00% 0.00% 0.00%
+3500 +3500 +3300 +3433 2.83% 0.00% 0.00% 0.00%
+5500 +3300 +3300 +4033 2.56% 0.00% -0.21% -0.31%
+3500 +4000 +4000 +3833 2.55% 0.00% 0.00% 0.09%
+4000 +4000 +4000 2.44% 0.00% 0.00% 0.00%
+4000 +5000 +4700 +4567 2.16% 0.00% 0.09% 0.06%
+5000 +5000 +5000 +5000 1.96% 0.00% 0.00% 0.00%
+5500 +5000 +5000 +5167 1.90% 0.00% 0.00% 0.00%
+6000 +5000 +5000 +5333 1.85% 0.00% 0.00% 0.05%
+5500 +6600 +6500 +6200 1.60% 0.00% -0.06% -0.06%
+6000 +6600 +6000 +6200 1.59% 0.00% 0.00% 0.00%
+10000 +8000 +7500 +8500 1.18% 0.00% 0.00% 0.00%
+10000 +15000 +10000 +11667 0.88% 0.00% 0.00% 0.00%
+15000 +15000 +7500 +12500 0.88% 0.00% 0.00% 0.00%
+15000 +10000 +10000 +11667 0.88% 0.00% 0.00% -0.06%
+20000 +15000 +8500 +14500 0.77% 0.00% -0.06% -0.11%
+18000 +15000 +10000 +14333 0.73% 0.00% 0.00% 0.00%
+20000 +15000 +10000 +15000 0.72% 0.00% 0.00% 0.00%
+100000 +50000 +20000 +56667 0.27% 0.00% 0.00% 0.00%
+100000 +50000 +30000 +60000 0.21% 0.00% 0.00% 0.00%

The Colorado Avalanche were the odds-on favorite to win the 2022 Stanley Cup for most of the season, and they entered the Final with -180 odds to win. They eventually emerged victorious after six games, winning their first Cup since 2000-01. Oddsmakers are expecting another big season from the Avs in 2022-23, as Colorado is already the betting favorite to win the 2023 Stanley Cup with +400 odds on DraftKings. The top ten teams with the best odds to win next year’s Stanley Cup are as follows:

  • Colorado Avalanche +400
  • Toronto Maple Leafs +800
  • Tampa Bay Lightning +900
  • Florida Panthers +1000
  • Vegas Golden Knights +1400
  • Carolina Hurricanes +1400
  • Calgary Flames +1800
  • Minnesota Wild +1800
  • Edmonton Oilers +1800
  • New York Rangers +2000

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 $1,250 On Caesars + 1000 Tier Credits + 1000 Reward Credits®

  • States legal: Arizona, Tennessee, Virginia, New Jersey, West Virginia, Colorado, Illinois, Indiana, Iowa, Michigan, Louisiana, New York, West Virginia and Nevada
  • Current bonus: $1,250 On Caesars + 1000 Tier Credits + 1000 Reward Credits®
  • Mobile app: Available for iOS and Android devices

BetMGM Sportsbook

Claim Bonus: Visit BetMGM and get $50 at registration plus 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: $50 at registration, plus a risk-free bet, max value $1,000 (not available in NY)
  • Mobile app: Available for iOS and Android devices

FanDuel Sportsbook

Claim Bonus: Visit FanDuel Sportsbook and get a no sweat first bet up to $1,000

  • States legal: Arizona, Colorado, Connecticut, Illinois, Indiana, Iowa, Louisiana, Michigan, New Jersey, New York, Pennsylvania, Tennessee, Virginia, West Virginia & Wyoming.
  • Current bonus: No sweat first bet, max value $1,000
  • 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 2023 opened up shortly after the 2022 Stanley Cup concluded. 

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 2023?

After winning the Stanley Cup in 2022, the Colorado Avalanche are the odds-on favorite to repeat as champions next season. As of June 28, DraftKings has the Avalanche listed at +400 odds to win the 2023 Stanley Cup. 

About the Author
Connor Grootenhuis

Connor Grootenhuis

Writer and Contributor
Connor Grootenhuis is a writer and contributor for Gaming Today 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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