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2021-22 Stanley Cup Odds: Avs The Betting Favorites

The Colorado Avalanche are favored in 2021-22 Stanley Cup odds.

With the NHL’s regular season underway, it’s time to take a look at who the favorites are in 2022 Stanley Cup odds.

The defending champion Tampa Bay Lightning (+550) are not the favorites to win it all again for the third straight year – Tampa is second in 2022 Stanley Cup odds behind the Colorado Avalanche (+450). The Vegas Golden Knights (+750), Toronto Maple Leafs (+1000) and Boston Bruins (+1400) round out the top five.

Online sportsbook Bovada has the latest 2022 Stanley Cup odds, which will be updated regularly during the 2021-22 season.

Visit Our Recommended NHL Betting Sites

New to betting on hockey? We have a great NHL betting tutorial to assist you in placing a wager on Stanley Cup futures. 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 32 teams that will vie to win it all in the 2022 campaign.

Colorado Avalanche Lead Latest Stanley Cup Odds

2021-22 NHL Stanley Cup Odds
TeamCurrent Odds
Colorado Avalanche+450
Tampa Bay Lightning+550
Vegas Golden Knights+750
Toronto Maple Leafs+1000
Boston Bruins+1400
Carolina Hurricanes+1500
Edmonton Oilers+1600
Florida Panthers+1600
New York Islanders+1800
Minnesota Wild+2000
New York Rangers+2000
Pittsburgh Penguins+2000
Washington Capitals+2000
Dallas Stars+2200
Philadelphia Flyers+3000
St. Louis Blues+3500
Winnipeg Jets+4000
Calgary Flames+4500
Chicago Blackhawks+4500
New Jersey Devils+4500
Montreal Canadiens+5000
Seattle Kraken+5000
Los Angeles Kings+5000
Vancouver Canucks+5000
Nashville Predators+8000
San Jose Sharks+9000
Ottawa Senators+10000
Columbus Blue Jackets+10000
Anaheim Ducks+12500
Arizona Coyotes+15000
Detroit Red Wings+17500
Buffalo Sabres+20000

Odds as of October 18 at Bovada

Stanley Cup Odds: Value Bets

New York Islanders (+1800)

The New York Islanders took the eventual champion Lightning to Game 7 in the playoff semifinals last season, a game they lost 1-0. They have a locked-in core of forwards, an elite head coach, a promising young goaltender and a front office that understands how to build a team within a structure with proven playoff success.

The Islanders also played the entire playoffs without Anders Lee, their captain and best pure goal scorer. At +1800, the Isles are underrated on this board and have just as good a shot as anyone to reach the pinnacle of hockey this season. They aren’t the most exciting team, but neither were the Canadiens, who made it one step further than New York with a similar formula. 

Florida Panthers (+1600)

Tied for seventh in Stanley Cup odds, oddsmakers obviously believe the Panthers should be respected as a legitimate contender. 

However, we think that ranking is a little low, making +1600 odds a value. 

Florida had a stacked roster last year and finished on a 115-point pace without their top defenceman, Aaron Ekblad, for much of the season. 

This year, they get Ekblad back and added forward Sam Reinhart from Buffalo. Reinhart has scored 20 or more goals in five of his six NHL seasons and is a great under-the-radar addition to a top-six forward group already featuring Aleksander Barkov, Jonathan Huberdeau and Carter Verhaeghe. The Panthers did lose Alexander Wennberg in expansion but are plenty deep at forward with young top picks like Owen Tippett and Anton Lundell stepping into the lineup.

The goaltending is a bit of a question mark as you never know what you might get out of Sergei Bobrovsky. But Florida does have recent first-round pick Spencer Knight seemingly ready to break through if Bobrovsky falters. 

Florida does play in a tough division and it would not be surprising to see them end up in a wild-card spot, but this is one of the best rosters in the league with much more attractive odds than the other top teams in the Atlantic.

Winnipeg Jets (+4000)

The Jets are a solid long-shot bet as one of the few teams in the NHL with both elite scoring talent up front and top-notch goaltending. 

With a foursome of Mark Scheifele, Nikolaj Ehlers, Kyle Connor and Pierre-Luc Dubois carrying the load offensively, there are not many teams in the league that can match the star power the Jets possess. And with former Vezina winner Connor Hellebuyck in net, the Jets have the makings of a winning formula.

The problem for the Jets the last few seasons has been their inability to defend in front of their goalie. The Jets were swept by the Canadiens in the playoffs last season largely because their defense did not hold up against the Habs’ ferocious forecheck.

But the Jets added Nate Schmidt from Vancouver and Brenden Dillon from Washington to their back end in the offseason. With those two, Dylan DeMelo, Josh Morrissey and Neal Pionk making up five of the six starters, the Jets roster suddenly looks far more complete than it did at the end of last year.

At +4000, the Jets’ Stanley Cup odds are certainly an attractive long-shot bet. 

Stanley Cup Odds: Best Bet

Minnesota Wild (+2000)

The Minnesota Wild were one of the surprise teams in the league last season, finishing on a 110-point pace. A middling team for so long, the Wild finally got good goaltending last season from the tandem of Cam Talbot and rookie Kaapo Kahkonen along with a breakthrough performance from winger Kirill Kaprizov in his long-awaited NHL debut season.

Minnesota lost Carson Soucy to expansion and bought out the contracts of veterans Zach Parise and Ryan Suter. But the team still looks poised to be the best in the Central outside of Colorado and it would be surprising if they didn’t make the playoffs.

With one of the better defense corps in the league and emerging talents up front, the Wild are a great value with nine teams ahead of them on the Stanley Cup odds list. However, their odds are shrinking quickly as they moved from +2500 to +2000 after just two games.

What Is A Futures Bet On Stanley Cup Odds?

Before hockey season starts, oddsmakers 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.