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2021 Stanley Cup Odds: Can Anyone Catch the Lightning?

The Tampa Bay Lightning occupy the top spot in 2021 Stanley Cup odds.

The 2021 NHL season is past the halfway mark, and even in a campaign unlike any other due to complications surrounding the COVID-19 pandemic, the action on the ice hasn’t missed a beat.

So, which teams have the likeliest chances to go all the way? At online sportsbook Bovada, the Tampa Bay Lightning (+550) – winners of five straight games – are at the top of the Stanley Cup odds list. The Toronto Maple Leafs (+650), Colorado Avalanche (+650), Vegas Golden Knights (+700) and Carolina Hurricanes (+1200) round out the top five on the oddsboard.

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New to betting on hockey? We have a great NHL betting tutorial to assist you in placing a wager on Stanley Cup odds. To find the sportsbook that’s right for you to get some money down on the ice, head over to our Sportsbook Review page.

Here’s a look at the Stanley Cup odds for all 31 NHL teams to win the championship in the 2021 campaign.

Stanley Cup Odds

2021 NHL Stanley Cup Futures
Tampa Bay Lightning+550
Toronto Maple Leafs+650
Colorado Avalanche+650
Vegas Golden Knights+700
Carolina Hurricanes+1200
New York Islanders+1500
Washington Capitals+1500
Boston Bruins+1600
Minnesota Wild+1600
Edmonton Oilers+1700
Florida Panthers+1800
Winnipeg Jets+2400
St. Louis Blues+2400
Montreal Canadiens+2500
Pittsburgh Penguins+2500
Philadelphia Flyers+3300
Calgary Flames+3500
Chicago Blackhawks+6000
Dallas Stars+6000
New York Rangers+8000
Arizona Coyotes+8000
Los Angeles Kings+8000
Columbus Blue Jackets+10000
Vancouver Canucks+10000
Nashville Predators+15000
New Jersey Devils+30000
San Jose Sharks+30000
Anaheim Ducks+50000
Buffalo Sabres+100000
Ottawa Senators+100000
Detroit Red Wings+100000

Odds as of March 24 at Bovada

Whose Odds are Moving in the Right Direction?

New York Islanders (+2400 to +1500)

As of March 24, the Islanders were in the top spot in the East Division at 21-8-4. New York went on a nine-game winning streak to start March and has gone 2-2 SU since then, including two victories over the Flyers.

The Islanders look like a serious playoff contender right now. The impact of Barry Trotz on the bench can’t be understated, and while the Isles’ defense-first style might not be the most appealing to hockey fans who love offense, it’s shown it works.

The Islanders have had some promising regular seasons over the past few years and last season lost to Tampa Bay in the conference final. Can the Islanders make another deep postseason run? Oddsmakers are giving them a shot, evidenced by their +2400 to +1500 Stanley Cup odds shift since last week.

Washington Capitals (+2400 to +1500)

Speaking of legitimate playoff contenders, the Capitals are looking like a team that nobody wants to play in the first round right now. Washington (20-7-4) recently posted a six-game winning streak, as Nicklas Backstrom (34 points), John Carlson (27 points) and Alex Ovechkin (25 points) have paved the way offensively.

With Braden Holtby departing for Vancouver in the offseason, the biggest question surrounding this team was whether the goaltending would hold up.

That question has been answered, with Vitek Vanecek carrying the bulk of the load in the crease earlier in the season while starter Ilya Samsonov was injured. Samsonov is back between the pipes now and has won five of his last six starts.

Whose Odds are Moving in the Wrong Direction?

Philadelphia Flyers (+2000 to +3300)

Flyers fans will want to quickly forget about Philadelphia’s incredibly ugly 9-0 loss to the Rangers on March 17. It’s especially concerning for the Flyers given the fact that the Rangers didn’t have their full coaching staff due to COVID-19 protocols, so New York was forced to use its American Hockey League coaching staff instead.

The Flyers (15-12-4) still boast a winning record but find themselves fifth in the incredibly tough East. Starting goaltender Carter Hart has taken a step back this season, which is the main reason for the Flyers’ inconsistent play.

Hart (8-7-3, 3.83 goals-against average, .875 save percentage) hasn’t looked like the franchise goaltender he’s supposed to be, which has forced Brian Elliott (7-4-1, 2.88 GAA, .892 SV%) into action. 

Philly is trending in the wrong direction both on the ice and in Stanley Cup odds, and it’s hard to see things getting drastically better from here.

Chicago Blackhawks (+5000 to +6000)

This was supposed to be a lost season for the Blackhawks, but Chicago has been a surprisingly scrappy and competitive team in 2021. However, the Hawks have hit a speed bump of late, going 3-6-1 in their last 10 games.

Chicago (15-13-5) remains above .500 but is in danger of dipping below that mark unless the product on the ice improves soon. The Blackhawks have given up 108 goals this season, the highest number in the Central Division, which is a major reason for their mediocrity.

Kevin Lankinen (11-7-4, 2.83 GAA, .915 SV%) has filled in admirably for the departed Corey Crawford, but Malcolm Subban (4-4-0, 3.14 GAA, .903 SV%) and Collin Delia (0-2-0, 5.00 GAA, .863%) have struggled to back him up.

When a team boasts the offensive firepower of Patrick Kane, Alex DeBrincat and Dominik Kubalik, it’s never going to have an issue finding the back of the net. The biggest key for the Blackhawks in making a postseason push will be if they can step up defensively and keep the puck out of their own net.

What is a Futures Bet on Stanley Cup Odds?

Before hockey season starts, oddsmakers will release their lines on each team’s chance of winning the shiny championship trophy. If you were to place a wager at any point before the Stanley Cup Final, you would be making a futures bet. This is a bet that deals with events that will happen in time. For instance, you could bet on the Detroit Red Wings to win the Cup in September, but you would not see the results of your bet until the postseason.

How to Read NHL Stanley Cup Odds

At your sportsbook of choice, you’ll see Stanley Cup odds listed like this:

Tampa Bay Lightning +300

Toronto Maple Leafs +450

Vegas Golden Knights +500

Boston Bruins +800

Unlike a moneyline bet where there is a clear favorite and underdog, for an NHL futures bet, you would consider the team with the lowest odds as the fave. In this case, it’s Tampa. The team with the highest odds would be the dog. For this example, it’s Boston.

Let’s say hockey season is about to start and you’ve done your research. You believe that it’s Toronto’s year, so you lay down $40 on the Leafs to win the Cup. If they do win it all, you’d see a payout of $220 – your original $40 is returned along with your winnings of $180.

You can use our Odds Calculator to figure out what you’d win based on the amount you bet and the odds.

When it comes to futures, get in on the action early. The closer it gets to the NHL playoffs, the more the odds will shift. Oddsmakers update the lines for these bets frequently as teams slip and fall in the standings. Injuries, trades and coaching changes will affect a team’s odds of making it to the Cup Final, and those who set the lines take that into consideration when updating the odds.

As mentioned above, it’s important to keep in mind that when you make your NHL futures picks, you won’t see a return until Lord Stanley’s Cup is awarded to the winner.