Stanley Cup Betting Odds

Mark Callanan
By Mark Callanan
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Stanley Cup Betting Odds

Stanley Cup Odds

Of all the major sports leagues in North America, it has been argued the NHL is the least predictable when it comes to outright or futures betting. Recent seasons have diminished that reputation somewhat, with Colorado’s victory at +600 following Tampa’s back-to-back wins at +675 and +900. Those prices are among the four shortest-odds Stanley Cup winners since 2009, with the remaining winners routinely coming in at +1000 or higher, meaning you can often find value at NHL betting sites.

This should not be seen as a disincentive to bet, however, as it means that there tend to be attractive odds scattered throughout the listings, and it never really feels that a team is out of contention before the holiday season. The victorious St. Louis Blues of 2018-19, for example, were +3000 in preseason but soared to +8000 on New Year’s Day and +10000 at the All-Star Break, before hitting form at the perfect time to bring joy to those who backed them at NHL betting apps as well as the fanbase.

Unlike other season-long markets, the Stanley Cup odds for the next season tend to be released immediately after the season before has ended, if not before. Whereas individual awards odds can be heavily dependent on offseason factors such as player movement, this doesn’t tend to have such a big impact on the bigger picture, as the majority of teams will retain the core of their players from one year to the next.

Some betting sites will offer each-way betting on this market, usually paying out at half the odds on the Stanley Cup runners-up. This gives you another good chance to win and can be a nice consolation if your team falls at the final hurdle, particularly when the odds are long.

NHL - Stanley Cup - Winner
Sunday 2nd October 2022
BetMGM Caesars DraftKings FanDuel PointsBet
 
% Chance
Colorado Avalanche 19.05% +425 5.25 17/4
--
+380 4.80 15/4
--
--
Toronto Maple Leafs 11.11% +800 9.00 8/1
--
+700 8.00 7/1
--
--
Florida Panthers 10.00% +900 10.00 9/1
--
+900 10.00 9/1
--
--
Carolina Hurricanes 8.33% +1000 11.00 10/1
--
+1100 12.00 11/1
--
--
Tampa Bay Lightning 7.69% +1200 13.00 12/1
--
+1200 13.00 12/1
--
--
Edmonton Oilers 6.25% +1400 15.00 14/1
--
+1500 16.00 15/1
--
--
Calgary Flames 5.26% +1800 19.00 18/1
--
+1500 16.00 15/1
--
--
Minnesota Wild 5.26% +1800 19.00 18/1
--
+1700 18.00 17/1
--
--
Pittsburgh Penguins 4.76% +1800 19.00 18/1
--
+2000 21.00 20/1
--
--
New York Rangers 4.76% +1800 19.00 18/1
--
+2000 21.00 20/1
--
--
Vegas Golden Knights 3.85% +1800 19.00 18/1
--
+2500 26.00 25/1
--
--
Boston Bruins 3.45% +2800 29.00 28/1
--
+2500 26.00 25/1
--
--
Los Angeles Kings 2.78% +3500 36.00 33/1
--
+3500 36.00 33/1
--
--
St. Louis Blues 2.44% +3000 31.00 28/1
--
+4000 41.00 40/1
--
--
Nashville Predators 2.44% +4000 41.00 40/1
--
+3500 36.00 33/1
--
--
Washington Capitals 2.44% +4000 41.00 40/1
--
+4000 41.00 40/1
--
--
Dallas Stars 1.96% +5000 51.00 50/1
--
+4000 41.00 40/1
--
--
Vancouver Canucks 1.96% +5000 51.00 50/1
--
+5000 51.00 50/1
--
--
New York Islanders 1.79% +3300 34.00 33/1
--
+5500 56.00 50/1
--
--
Ottawa Senators 1.79% +5000 51.00 50/1
--
+5500 56.00 50/1
--
--
Detroit Red Wings 1.64% +5000 51.00 50/1
--
+6000 61.00 60/1
--
--
New Jersey Devils 1.49% +6600 67.00 66/1
--
+5500 56.00 50/1
--
--
Winnipeg Jets 1.49% +6600 67.00 66/1
--
+6000 61.00 60/1
--
--
Columbus Blue Jackets 0.99% +8000 81.00 80/1
--
+10000 101.00 100/1
--
--
Buffalo Sabres 0.66% +10000 101.00 100/1
--
+15000 151.00 150/1
--
--
Seattle Kraken 0.66% +15000 151.00 150/1
--
+10000 101.00 100/1
--
--
Anaheim Ducks 0.66% +15000 151.00 150/1
--
+15000 151.00 150/1
--
--
San Jose Sharks 0.55% +15000 151.00 150/1
--
+18000 181.00 180/1
--
--
Montreal Canadiens 0.50% +15000 151.00 150/1
--
+20000 201.00 200/1
--
--
Philadelphia Flyers 0.50% +15000 151.00 150/1
--
+20000 201.00 200/1
--
--
Chicago Blackhawks 0.10% +50000 501.00 500/1
--
+100000 1001.00 1000/1
--
--
Arizona Coyotes 0.10% +50000 501.00 500/1
--
+100000 1001.00 1000/1
--
--
Team % Chance Best Odds
COL
19.05%
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Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+425 5.25 17/4 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+380 4.80 15/4 DraftKings
TOR
11.11%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+800 9.00 8/1 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+700 8.00 7/1 DraftKings
FLA
10.00%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+900 10.00 9/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+900 10.00 9/1 BetMGM
CAR
8.33%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
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+1100 12.00 11/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+1000 11.00 10/1 BetMGM
TAM
7.69%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
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+1200 13.00 12/1 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+1200 13.00 12/1 DraftKings
EDM
6.25%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+1500 16.00 15/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+1400 15.00 14/1 BetMGM
CGY
5.26%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+1800 19.00 18/1 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+1500 16.00 15/1 DraftKings
MIN
5.26%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+1800 19.00 18/1 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+1700 18.00 17/1 DraftKings
PIT
4.76%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+2000 21.00 20/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+1800 19.00 18/1 BetMGM
NYR
4.76%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+2000 21.00 20/1 DraftKings
Risk-Free First Bet up to $1,000
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+1800 19.00 18/1 BetMGM
LAS
3.85%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+2500 26.00 25/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+1800 19.00 18/1 BetMGM
BOS
3.45%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
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+2800 29.00 28/1 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+2500 26.00 25/1 DraftKings
LOS
2.78%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+3500 36.00 33/1 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+3500 36.00 33/1 DraftKings
STL
2.44%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+4000 41.00 40/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+3000 31.00 28/1 BetMGM
NAS
2.44%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+4000 41.00 40/1 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+3500 36.00 33/1 DraftKings
WAS
2.44%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+4000 41.00 40/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+4000 41.00 40/1 BetMGM
DAL
1.96%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+5000 51.00 50/1 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+4000 41.00 40/1 DraftKings
VAN
1.96%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+5000 51.00 50/1 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+5000 51.00 50/1 DraftKings
NYI
1.79%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+5500 56.00 50/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+3300 34.00 33/1 BetMGM
OTT
1.79%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+5500 56.00 50/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+5000 51.00 50/1 BetMGM
DET
1.64%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+6000 61.00 60/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+5000 51.00 50/1 BetMGM
NJD
1.49%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+6600 67.00 66/1 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+5500 56.00 50/1 DraftKings
WPG
1.49%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
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+6600 67.00 66/1 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+6000 61.00 60/1 DraftKings
CLM
0.99%
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Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+10000 101.00 100/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+8000 81.00 80/1 BetMGM
BUF
0.66%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+15000 151.00 150/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+10000 101.00 100/1 BetMGM
Seattle Kraken
0.66%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+15000 151.00 150/1 BetMGM
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+10000 101.00 100/1 DraftKings
ANA
0.66%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+15000 151.00 150/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+15000 151.00 150/1 BetMGM
SAN
0.55%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+18000 181.00 180/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+15000 151.00 150/1 BetMGM
MON
0.50%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+20000 201.00 200/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+15000 151.00 150/1 BetMGM
PHI
0.50%
Sign up Offer Best Odds
Bet $5 On NFL, Get $200 If You Win
Must be 21+ to participate. T&Cs apply.
+20000 201.00 200/1 DraftKings
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+15000 151.00 150/1 BetMGM
CHI
0.10%
Sign up Offer Best Odds
Risk-Free First Bet up to $1,000
Must be 21+ to participate. T&Cs apply.
+50000 501.00 500/1 BetMGM
ARI
0.10%
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Risk-Free First Bet up to $1,000
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+50000 501.00 500/1 BetMGM
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2022-23 Stanley Cup Winner Odds

While it is the case that repeat cup wins are generally quite rare in the NHL, it doesn’t tend to stop NHL betting sites from installing the defending champions among the preseason favorites. That meant that last season’s emphatic winners, the Colorado Avalanche, were an easy pick for the 2023 cup. Their preseason odds of +450 were among the shortest that have been seen on ice hockey betting sites, however, in many years. The last team to win at comparable preseason odds were the 2008-09 Pittsburgh Penguins, and before that the 2001-02 Red Wings.

Hovering just below the Avs in this year’s early betting are the Toronto Maple Leafs, who are looking to shake the supposed curse that has seen them fail to win a playoff series since 2004. Beyond that are last season’s Presidents’ Trophy-winning Florida Panthers, two evergreen contenders in the Tampa Bay Lightning and Carolina Hurricanes, and both sides of the Battle of Alberta, the Edmonton Oilers and Calgary Flames.

There are only a handful of teams who sports betting apps seem to be giving little or no chance of a cup run too. Among those teams are 2020-2021 finalists, the Montreal Canadiens, and the Chicago Blackhawks, with preseason odds maxing out at +10000 for the only team with three cup victories in the 2010s. 

What To Look For

“You have to be in it to win it” is how the old saying goes, and it certainly applies here. As the 82-game regular season progresses, the playoff picture begins to get clearer. Although the odds tend to update daily, there can be opportunities to study a team’s possible path towards the playoffs and compare this against their cup odds. Teams who may appear to be struggling may also be sitting in a division with other weak teams, giving them a clearer path to the playoff race. 

Once the playoffs start, it can become somewhat of a lottery, so having a high-odds bet on a previously struggling team from earlier in the season is certainly a favorable position to be in. It gives you the opportunity to sit back and hope for the best or be smart about how to hedge your position as the playoffs progress.

When it comes to the relationship between the Presidents’ Trophy and the Stanley Cup, it is certainly rare that winning the former leads to success in the latter. More often than not, in the past 20 years, the best regular season team (i.e. the Presidents’ Trophy winner) not only struggle to win the cup, but they barely even manage to reach the Stanley Cup Finals. In those two decades, only two teams have managed to win both trophies in the same season (Detroit 2007-08 and Chicago 2012-13), and just one other team has made the Finals (the 2010-11 Canucks). The remaining 17 Presidents’ Trophy-winning teams have all failed to win their Conference.

Mark Callanan
Mark Callanan
8 Articles
Mark Callanan is bookmakers.com's NHL writer and creates many of the site's in-depth NHL betting strategy guides. If you're looking to bet on the most popular hockey league on the planet, stick with Mark and he will help you out!

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