Stanley Cup Odds. Carolina are rightfully favorites

NHL Stanley Cup Odds 2023-24: Hurricanes Rightfully Favorites

The NHL's Stanley Cup odds are always chock-full of value. That's because the Stanley Cup playoffs are the hardest to win in professional sports. 

Let's break down the odds to win the oldest (and frankly most beautiful) trophy in North American sports and see where the value lies leading into the 2024 trade deadline. 

Who has the best Stanley Cup odds?

Odds To Win NHL - Stanley Cup 2023-24
TeamOdds
Carolina Hurricanes+800
Colorado Avalanche+800
Florida Panthers+800
NY Rangers+900
Vancouver Canucks+900
Boston Bruins+1000
Vegas Golden Knights+1000
Dallas Stars+1100
Toronto Maple Leafs+1400
Winnipeg Jets+1400
Edmonton Oilers+1500
Los Angeles Kings+2200
Nashville Predators+2200
Tampa Bay Lightning+2200
NY Islanders+3300
Detroit Red Wings+6000
Philadelphia Flyers+6000
Washington Capitals+6000
St. Louis Blues+10000
Minnesota Wild+12500
Pittsburgh Penguins+15000
Buffalo Sabres+20000
New Jersey Devils+20000
Calgary Flames+25000
Seattle Kraken+50000
Montreal Canadiens+200000
Ottawa Senators+200000
Arizona Coyotes+300000
Anaheim Ducks+500000
Chicago Blackhawks+500000
Columbus Blue Jackets+500000
San Jose Sharks+500000

Odds as of March 19th, 2024 05:57am EDT.

Carolina Hurricanes Stanley Cup Odds

The Carolina Hurricanes already have a lot going for them. They've got the best depth offense in the league with more than 70% of their scoring coming from outside their top three. Their penalty kill is second in the NHL at 85.8% and their power play is fourth in the league at 26.1%.

All three (depth scoring, PK% and PP%) are vital to win hockey's most coveted prize.

And then Carolina picked up sniper Jake Guentzel from the Pittsburgh Penguins. The American forward has been at or above a point per game since his third year in the NHL. He's also scored 40 goals in two seasons and paced out to over 30 goals in seven of his eight years in the league.

With all due respect to Sebastian Aho, the Hurricanes haven't had someone of Guentzel's goal-scoring skills since Eric Staal all the way back in 2005. Adding him is a massive get for those Jerks.

Edmonton Oilers Stanley Cup Odds

The Edmonton Oilers were favorites to win the Cup before a puck was dropped on the season and after an early slip, they've responded big time. 

You can't ignore what the Oilers did during their 16-game winning streak. Specifically, when you look at goalie Stuart Skinner. The sophomore shot-stopper was exceptional with a 0.948SV% and 1.46GAA.

Skinner doesn't have the pedigree of a Vasilevskiy or even a Hellebuyck with Vezina trophies to their name, yet. But, he was second in Calder voting last season. So we've been served notice that he's a quality goalie.

Now, if the Oilers truly have an elite number-one keeper look out. Because now you've given phenoms Connor McDavid and Leon Draisaitl the wall at the back they've needed to get their hands on that Cup.

Colorado Avalanche Stanley Cup Odds

The Avs are a wagon. That's in large part to superstar Nathan MacKinnon who's leading the league in production. The trio of MacKinnon, Rantanen and Makar have combined for 280 points in 68 games.

Colorado has more than enough superstar talent to win the Cup (they've already done it).

They're also top 10 in just about every single category you can think of: offense, defense, PP%, PK%, CF% and xGF%. You name it and they're at the top of the league. That is Stanley Cup favorite territory.

Last 10 Stanley Cup Winners

Last 10 Stanley Cup Winners
YearCup ChampionsOpening Odds
2023Vegas Golden Knights+1800
2022Colorado Avalanche+600
2021Tampa Bay Lightning+900
2020Tampa Bay Lightning+675
2019St. Louis Blues+3000
2018Washington Capitals+1125
2017Pittsburgh Penguins+1100
2016Pittsburgh Penguins+1300
2015Chicago Blackhawks+700
2014Los Angeles Kings+1200


Aside from the Golden Knights winning the league in only their sixth season, there aren’t many shockers on this list – except for the St. Louis Blues in 2019.
 
The Blues sat at +3000 before the ’18-19 season began, netting early bettors $3,000 on a $100 bet, but it gets better! By the All-Star break that year, the Blues were at the bottom of the NHL standings – their odds of winning the Stanley Cup were +10000. That means a $100 bet would have returned a whopping $10,000 in profits. Wild.

The eventual Stanley Cup champions over the last 10 years have had average opening odds of +1180, but take out that 2019 Blues championship and the typical Stanley Cup champion’s odds are +978. 

NHL Teams With The Most Stanley Cups

Most Stanley Cup Championships
TeamStanley CupsLast Cup Win
Montreal Canadiens241993
Toronto Maple Leafs131967
Detroit Red Wings112008
Boston Bruins62011
Chicago Blackhawks62015
Edmonton Oilers51990
Pittsburgh Penguins52017
New York Islanders41983
New York Rangers41994
New Jersey Devils32003


Toronto sure has a lot of Cups, but they haven't won or even been to a Stanley Cup Final since that last championship back in 1967. Breaking their drought of first-round exits in the 2023 playoffs, let’s pray for Leafs fans that their squad can battle back to the finals soon.

However, with modern parity in the NHL, it's going to take a long time for any franchise to pass the Montreal Canadiens' 24 Stanley Cup banners, which they racked up over multiple decades in the mid-1900s.

NHL Teams That Have Never Won A Stanley Cup

There are 11 teams, more than a third of the league, who have yet to put their hands on the Stanley Cup.

Now, technically the Ottawa Senators did win a few Stanley Cups, but the last championship took place before the invention of penicillin, not to mention the Senators didn't exist between 1934 (when they moved to St. Louis) and 1992. So, I'm not going to count those. Sorry Sens fans!

Stanley Cup Betting Odds and Trends

As hockey bettors, we're always hunting for an edge or trends that make our wagers a little easier on the mind -- when it comes to the Stanley Cup, there are a few notable patterns we can pick up on. The trophy is still anyone's game, but here are a few common trends over the last few years that could help you narrow down a pick:

  • When it comes to picking a favored conference, it’s pretty split – out of the last 10 winners, 60% have been Eastern teams and the West claims 40%.
  • The Cup is a repeat-friendly trophy. The Penguins and Lightning have both gone back-to-back in the last 10, and 16 teams total have had repeat victories since 1918.
  • Since 2010, there have only been six teams with pre-season odds higher than +1000 who went on to win the Cup, but they all did so in the last 10 years. The underdog trend is looking up!
  • You’d think regular season domination would indicate a Stanley Cup favorite, but the President’s Trophy has only gone to the eventual winner of the finals eight times in its 35-year lifespan. Take a look at the 2023 Bruins – the best record in NHL history with a first-round exit. Yikes.

How To Bet On Stanley Cup Odds

To bet on Stanley Cup odds, you’d make a futures bet on your sportsbook's NHL section of the website. You'll likely see a tab for futures options and the NHL finals should be a front-and-center option. Don't be afraid to review our NHL betting guide for a few friendly tips and tricks if you're debating a wager on the Stanley Cup!

Odds are available before the puck drops in the regular season -- certain teams will always be contenders, especially if they won the Cup the previous year. When sportsbooks set the lines, they look at offseason roster moves, coaching changes and past performance specifically the previous season.

Where To Bet On The Stanley Cup Futures

You can find updated Stanley Cup odds at most sportsbooks – the lines may differ slightly depending on which book you're going to use, so be sure you're getting the best value for your money. If you're looking for recommendations on how to choose the best book for you, head over to our NHL sites review page!

How To Read Stanley Cup Odds 2024

Let’s say you want to make a futures bet today. The Stanley Cup odds might look something like this:

  • Colorado Avalanche +300
  • Toronto Maple Leafs +550
  • Vegas Golden Knights +800
  • Carolina Hurricanes +900
  • Edmonton Oilers +1100

If you feel strongly about the Leafs and believe they’re going to end their Stanley Cup, you could wager $100 on them at +550 odds. If they triumph, you’d get a payout of $650 – your original $100 is returned along with winnings of $550. Our odds calculator will show you how much you’d win based on the odds and amount bet.

The Stanley Cup odds constantly change throughout the season – relevant news like trades, player injuries, and hot/cold streaks are a few examples of what can move a team’s line. If you see Stanley Cup odds you like, it’s best to bet on them ASAP – the Leafs may be +550 to win the Stanley Cup in October, but after a surge in December, their odds could lower to +300. Bet smart and bet early.

What Are Stanley Cup Futures

A futures bet is betting on the outcome of an event before it takes place – when it comes to the Stanley Cup, that means betting on who will hoist the league's top trophy well before it's awarded.

It’s an incredibly simple selection of paper, but the wealth of options at your disposal can make it a bit tricky. Don’t worry if you’re risk-averse though. You can bet on Stanley Cup futures before the season starts up to the end of playoffs. If you’d prefer to wait to see who makes the postseason, you’ll face a lower payout but see better chances of success.

Stanley Cup Odds FAQ

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