NHL Futures Betting Odds
2023-24 Stanley cup odds
As we near the end of March, the Colorado Avalanche sit on top of the oddsboard as +700 favorites. The Avs trail behind the Jets and Canucks in a stricter Western Conference.
Key Dates for 2023-24 NHL Season
Here are a few important events throughout the NHL's 106th season that might appeal to futures bettors:
Regular Season Begins – October 10th, 2023
Winter Classic - January 1st, 2024
NHL-All Star Weekend - February 2nd - 3rd, 2024
NHL Trade Deadline - March 8th, 2024
Stanley Cup Playoffs Begin - April 22nd, 2024
2024 NHL Draft - June 2024, Exact Date TBD
NHL Lines Legend
- What Does -110 Mean? - The “magic number” of sports betting, and why it’s so important.
- Line Shopping - Use multiple sportsbooks to your advantage to secure the best value.
- What Line Moves Can Tell Us - Overview of why the odds change before and during a game.
- Why the Line Moves - How to interpret changes in odds when it comes to sports betting.
What Are NHL Futures?
NHL futures odds are hockey wagers where sports betting enthusiasts place money on a team to win an event that takes place at a later time in the year or season. Once a futures bet has been made at an online sportsbook, it’s officially locked in with fixed odds at the time of that wager. Depending on which NHL betting site you use and when they post their futures odds, you can bet on NHL futures before the season starts or you can wager on NHL futures during the season.
The most common NHL futures bets are wagering on which team will win the Stanley Cup, which teams will win their respective conferences, and who will win performance awards such as the regular-season MVP, otherwise known as the Hart Memorial Trophy.
Stanley Cup Futures
Which NHL team will win the Stanley Cup next season? You can bet on that today and every other day by wagering on hockey futures odds. Oddsmakers set and move lines during the NHL season, depending on the relative strength of NHL teams. The top-ranked team in the league might be listed at +400 odds to win the Cup. That means you would earn $4 for every $1 wagered if that team goes on to win Lord Stanley. However, the NHL’s last-place team may be +10000. Sure, it would pay out big time, but it’s a crazy long shot.
They say the Stanley Cup is the hardest trophy to win in all of professional sports, which ordinarily wouldn’t bode well for hockey bettors placing NHL hockey futures wagers, but the payoff can be so sweet.
Stanley Cup Odds
Let’s say the Vegas Golden Knights (+600) are the preseason favorites to win the Stanley Cup, with the Tampa Bay Lightning trailing ever so closely at +750. A $100 wager on the Golden Knights would profit $600 if they were to win, while a $100 wager on the Bolts would profit $750 if they were to take home the championship trophy.
Use our odds calculator to see how much you could win on NHL futures odds. Payouts depend on the odds and amount wagered. We have formats of American odds, decimal odds, fractional odds, and implied odds too.
NHL Conference Futures
The last step before we arrive at the Stanley Cup is the Eastern and Western Conference finals. Four teams, two from each side of the NHL, will battle it out to take home the title of conference champions before moving on to the cup battle.
A futures bet on either conference means that you’re picking the overall winner of that half of the league – the NHL is an incredibly unpredictable sport, but more often than not, each conference will have its powerhouses that’ll make the best run possible at a Finals appearance. It’s a great opportunity to find solid odds on favorites, or make a gutsy play on an underdog rising through the ranks.
NHL Conference Odds
The strength of each NHL conference varies year by year, which is why you’ll see a difference between NHL Western Conference odds and NHL Eastern Conference odds in your sportsbook.
For example, the Tampa Bay Lightning earned back-to-back Stanley Cup appearances (and wins) in 2020 and 2021. Each year they proved themselves by winning the Eastern Conference, their odds for the following season dropped. Because of that success, the East would have had more underdogs to win the conference while the West might have a normal spread of candidates.
When you’re wagering on the overall winner of a conference, there will usually be a small number of teams with lower odds because they stand the best chance of making it through. These change with the wind, with favorites and underdogs switching spots as the season progresses – wager early, and wager intelligently!
NHL Eastern Conference Divisions
The Eastern Conference of the NHL consists of two divisions, the Atlantic and the Metropolitan. The Atlantic has three Canadian teams and focuses on US teams close to the border and in Florida – the Metro is an assortment of teams across the eastern seaboard and New England.
NHL Atlantic Division Odds
NHL Metropolitan Division Odds
NHL Western Conference Divisions
The NHL’s Western Conference is broken into two divisions. The Central houses teams in the American South and Midwest, along with the lone Canadian Winnipeg Jets. The Pacific has the westernmost teams and ranges from California to the prairies of Canada.
NHL Central Division Odds
NHL Pacific Division Odds
NHL Player Awards
NHL player awards are a very popular NHL futures market. The Hart Memorial Trophy is awarded to the most valuable player in the NHL regular season, while the Conn Smythe Trophy is awarded to the MVP of the NHL playoffs. Other NHL player awards include:
- Hart Memorial Trophy (MVP)
- Calder Memorial Trophy (Rookie MVP)
- Maurice “Rocket” Richard Trophy (Most Goals Scored in Reg. Season)
- Art Ross Trophy (Most Points in Reg. Season)
- James Norris Memorial Trophy (Best Defenseman)
- Vezina Trophy (Best Goaltender)
- Calder Memorial Trophy (Rookie of the Year)
- Jack Adams Award (Coach of the Year)
NHL Draft
Like in most major sports, the NHL Draft is one of the most important events of the year, and it also makes for a hell of a good bet. You can wager on various draft props like who will be first overall, the order of the first five picks, or the over/under on when a player is going to be selected.
The NHL Draft is always unpredictable, full of thrilling moments where a highly-valued player drops down the ranks or a dark horse shocks the competition with an early pick. To learn more, check out our NHL Draft Guide which runs down all the favorites and which player our experts believe will go first overall.
How to read NHL Futures
Like most futures bet across every major sport, options for NHL futures will begin with the favorited, low-odd options before making a massive jump to the more unlikely winners. Teams will see their odds increase and decrease depending on their performance or following any relevant news like trades, injuries, and other changes.
As for payouts, the same rules apply as other bets – a +375 favorite would net you $375 on a $100 bet, whereas a major underdog could earn you $10,000 on the same bet at +10000. It’s not uncommon for pre-season odds to be relatively high, as anything can happen leading up to the first weeks of the regular season.
NHL Futures Line Movement
While games officially don’t get underway until October, NHL futures lines shift with preseason performances, injuries, and public betting trends. Because you’re locking in a bet with fixed odds, your bankroll is going to be tied up for a considerable portion of the season. Make sure you do your research and select a team that can deal with a few mid-season injuries or a cold streak – that’s a long time to wait!
Movement will fluctuate over the first few weeks of the season as oddsmakers get a sense of which teams got better in the offseason and who got worse. This volatile movement will usually settle down after a few weeks, with remaining line changes coming from a team racking up wins or losses respectively.
Just remember that long-term success in NHL futures betting odds isn’t only about which team wins the Stanley Cup – there are a lot of opportunities within futures, and if you see a line you think is a no-brainer, snag it before that bargain is gone.
