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2022 Stanley Cup Odds: Colorado Avalanche The Early Favorites

The Colorado Avalanche are favored for 2022 Stanley Cup odds.

We have reached the end of the 2021 NHL season and the Tampa Bay Lightning are Stanley Cup champions for the second year in a row. The Lightning defeated the cinderella Montreal Canadiens at home in Game 5 with goalie Andrei Vasilevskiy taking home the Conn Smythe Trophy as playoff MVP. 

But now that the season is done, it’s time to look WAY ahead to who the favorites are in 2022 Stanley Cup odds. Maybe somewhat surprisingly, the Lightning (+700) are not favored to win it all again for the third straight year – Tampa Bay is third in 2022 Stanley Cup odds behind the Colorado Avalanche (+500) and Vegas Golden Knights (+600). 

Online sportsbook Bovada has the latest 2022 Stanley Cup odds, which will be updated regularly through the offseason and once the 2021-22 season starts.

See Odds Shark’s Best NHL 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.

Stanley Cup Odds

2022 NHL Stanley Cup Odds
TeamCurrent Odds
Colorado Avalanche+500
Vegas Golden Knights+600
Tampa Bay Lightning+700
Carolina Hurricanes+1100
Boston Bruins+1400
Toronto Maple Leafs+1400
Florida Panthers+1800
Montreal Canadiens+2000
New York Islanders+2000
Minnesota Wild+2200
Edmonton Oilers+2500
Pittsburgh Penguins+2500
Washington Capitals+2500
New York Rangers+2800
St. Louis Blues+2800
Dallas Stars+3300
Philadelphia Flyers+3300
Nashville Predators+4000
Winnipeg Jets+4000
Calgary Flames+5000
Chicago Blackhawks+5000
Vancouver Canucks+5000
Ottawa Senators+6600
Los Angeles Kings+7000
Arizona Coyotes+7500
San Jose Sharks+8000
Anaheim Ducks+10000
Buffalo Sabres+10000
Columbus Blue Jackets+10000
Detroit Red Wings+10000
New Jersey Devils+10000
Seattle Kraken+10000

Odds as of July 8 at Bovada

Best Bets

The two teams that stick out right away in very early 2022 Stanley Cup odds are the two teams from the New York City area. 

New York Islanders (+2000)

The New York Islanders took the eventual champion Lightning to Game 7 in the Eastern Conference final, 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 goal scorer. At +2000, the Islanders are underrated on this board and have just as good a shot as anyone to reach the pinnacle of hockey next 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. 

New York Rangers (+2800)

Betting on the Rangers, on the other hand, is a bet on promising talent and possible offseason moves. The Rangers have a ton of young talent in recent top picks Alexis Lafreniere and Kaapo Kakko, as well as Adam Fox, the reigning Norris Trophy winner as the league’s top defenseman. They also have maybe the best young goalie in the league in Igor Shesterkin and one of the league’s top overall players in Artemi Panarin. 

The Rangers roster is stacked, but they underperformed based on that talent level last season and play in one of the league’s toughest divisions. The team will also be breaking in a new coach as Gerard Gallant was hired last month to run the show behind the bench. 

The team is not without warts, but the Rangers are also rumored to be in on Sabres franchise center Jack Eichel, and landing a giant fish like Eichel would vault them up these rankings. As the 14th team on this list at +2800, the Rangers are great value in 2022 Stanley Cup odds based on the potential of their roster and offseason.

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.