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Odds to Win the 2021 Stanley Cup: Avalanche Are Team to Beat

Stanley Cup betting odds are out and the Colorado Avalanche are 2020-21 betting favorites.

The dust has barely settled on the Tampa Bay Lightning’s six-game triumph over the Dallas Stars, and Stanley Cup odds are already out on which team will claim the 2021 edition of Lord Stanley’s holy grail.

At Bovada, the Colorado Avalanche are the very early +650 favorites, followed by the Lightning (+700), Vegas Golden Knights (+700), Boston Bruins (+1200) and Toronto Maple Leafs (+1500) at the top of the list.

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New to betting on hockey? We have a great NHL betting tutorial to assist you in placing a wager. Also, be sure to check out our NHL odds page for the latest up-to-date betting lines.

Here’s a look at the odds for all 31 NHL teams to win the Stanley Cup in the 2020-21 campaign:

Who is Favored To Win the Stanley Cup?

Odds to Win the Stanley Cup
Colorado Avalanche+650
Tampa Bay Lightning+700
Vegas Golden Knights+700
Boston Bruins+1200
Toronto Maple Leafs+1500
Philadelphia Flyers+1600
Washington Capitals+1600
Pittsburgh Penguins+1800
Dallas Stars+2000
St. Louis Blues+2000
Vancouver Canucks+2000
Edmonton Oilers+2000
New York Rangers+2000
Carolina Hurricanes+2500
New York Islanders+2500
Calgary Flames+3000
Nashville Predators+3000
Winnipeg Jets+3500
Arizona Coyotes+4000
Columbus Blue Jackets+5000
Florida Panthers+5000
Minnesota Wild+5000
New Jersey Devils+5000
Montreal Canadiens+6000
San Jose Sharks+6000
Anaheim Ducks+8000
Buffalo Sabres+8000
Chicago Blackhawks+8000
Los Angeles Kings+8000
Ottawa Senators+10000
Detroit Red Wings+20000

Odds as of September 29 at Bovada

Is it Colorado’s Time to Win?

The Avalanche fell short of their ultimate goal in the 2020 postseason, losing a seven-game series to the Stars in the second round. There’s no denying the talent this team has, however, and Colorado looks like a sure bet to be a championship contender for the foreseeable future.

General manager Joe Sakic has done an incredible job assembling this roster. The Avs have one of the best players in the world in Nathan MacKinnon and a superstar on defense in Calder Trophy winner Cale Makar.

The biggest question mark for this team is in net, as the jury is still out on whether Philipp Grubauer is a championship-caliber goaltender.

Stars are Already Being Undervalued By Oddsmakers

What do the Stars have to do to get respect from sportsbooks? Dallas has opened at +2000 to win the 2020-21 Stanley Cup, which is a bit of a surprise considering the deep playoff run this team is coming off.

Dallas’s +2000 number puts the team in the same territory as fellow Western Conference clubs St. Louis, Vancouver and Edmonton. The Stars will have starting netminder Ben Bishop back for the start of next season, which will be a huge boost for their bettors.

Bishop missed the majority of the 2020 playoffs due to an injury. Backup goalie Anton Khudobin did an excellent job in his place by leading the Stars to the Stanley Cup Final, but the Russian wasn’t able to keep that same form against the Lightning.

Looking for the best sportsbooks to bet on hockey? Our Best NHL Sites Page will help you find the shop that’s right for you.

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.