The NHL season is taking shape and we know pretty well who the good teams are and who the not-so-good teams are. Of course, there’s a ton of runway left for things to change, but as it stands now, we have a good idea of who is going to make the playoffs and who probably won’t.
We’ve also seen a number of surprises, namely Boston. The Bruins opened the season at +2500 odds to win the Stanley Cup but are now the favorites to hoist the Cup at +500.
New to betting on hockey? We have a great NHL betting tutorial to assist you in placing a wager on Stanley Cup futures.
Here’s a look at the Stanley Cup odds for all 32 teams vying to win it all in 2022-23.
2022-23 Stanley Cup Odds
| Team | Current Odds | Opening Odds |
|---|---|---|
| Boston Bruins | +500 | +2500 |
| Colorado Avalanche | +550 | +375 |
| Vegas Golden Knights | +900 | +2200 |
| Carolina Hurricanes | +1000 | +1100 |
| Toronto Maple Leafs | +1000 | +750 |
| New Jersey Devils | +1400 | +5000 |
| Tampa Bay Lightning | +1400 | +1000 |
| Dallas Stars | +1800 | +3500 |
| New York Rangers | +1800 | +1800 |
| Pittsburgh Penguins | +1800 | +2000 |
| Winnipeg Jets | +1800 | +6000 |
| Calgary Flames | +2000 | +1500 |
| Edmonton Oilers | +2000 | +1500 |
| Minnesota Wild | +2000 | +2000 |
| Florida Panthers | +3000 | +850 |
| Seattle Kraken | +3000 | +12500 |
| New York Islanders | +3300 | +3000 |
| Los Angeles Kings | +3500 | +2500 |
| St. Louis Blues | +5000 | +2500 |
| Washington Capitals | +5000 | +3000 |
| Buffalo Sabres | +6500 | +15000 |
| Detroit Red Wings | +8000 | +5000 |
| Nashville Predators | +8000 | +4500 |
| Ottawa Senators | +12500 | +5000 |
| Montreal Canadiens | +15000 | +15000 |
| Vancouver Canucks | +15000 | +3500 |
| Philadelphia Flyers | +30000 | +7500 |
| San Jose Sharks | +40000 | +15000 |
| Arizona Coyotes | +50000 | +30000 |
| Columbus Blue Jackets | +50000 | +7500 |
| Anaheim Ducks | +100000 | +15000 |
| Chicago Blackhawks | +100000 | +15000 |
Who Are The Stanley Cup Favorites?
Boston Bruins (+500)
The Bruins weren’t given much of a chance to hoist the Cup at the start of the NHL season because of a number of injuries to some key players. Brad Marchand and Charlie McAvoy were both expected to be out for big chunks of the first half of the campaign and Matt Grzelcyk was also sidelined to open the season.
They managed those injuries effectively and got a boost when Marchand and McAvoy returned well ahead of schedule. As we head toward the new year, Boston still has yet to lose a game at home in regulation time. With 57 points on the year, the Bruins hold the best record in the league, the best offense (132 goals) and the best defense (77 goals against).
Colorado Avalanche (+550)
Losing goalie Darcy Kuemper through free agency in the offseason and a whole host of key players to injury during the season hasn’t totally scuttled the Avalanche’s season. They’re barely in a playoff position right now but that can change when Nathan MacKinnon and Gabriel Landeskog return.
Toronto Maple Leafs (+1000)
Tell me if you’ve heard this before, but injuries haven’t derailed their season. Morgan Rielly and Jake Muzzin are still missing from the blue line but Toronto keeps on winning. In their last 15, the Maple Leafs are 12-2-1 with a ridiculous +31 goal differential. Even with the injuries, the Maple Leafs’ regular-season train is rolling again.
Can they win in the playoffs? They haven’t yet, I know, but look, statistically, they have to, right?
Vegas Golden Knights (+900)
Since a nine-game winning streak early in the season, the Golden Knights are 11-10-1. It’s a slowdown, but they’re still over .500 with Jack Eichel and Shea Theodore out. This is a hyper-talented squad that still isn’t at its peak just yet.
Last 10 Stanley Cup Champions
| Year | Cup Champions | Sportsbook Odds |
|---|---|---|
| 2022 | Colorado Avalanche | +600 |
| 2021 | Tampa Bay Lightning | +900 |
| 2020 | Tampa Bay Lightning | +675 |
| 2019 | St. Louis Blues | +3000 |
| 2018 | Washington Capitals | +1125 |
| 2017 | Pittsburgh Penguins | +1100 |
| 2016 | Pittsburgh Penguins | +1300 |
| 2015 | Chicago Blackhawks | +700 |
| 2014 | Los Angeles Kings | +1200 |
| 2013 | Chicago Blackhawks | +1200 |
When you look at this list, there aren’t too many shocks. The St. Louis Blues in 2019 are the one exception. At +3000 before the ’18-19 season began, they netted 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 to win the Stanley Cup were +10000. A $100 bet would return a whopping $10,000 in profits. Wild.
The average Sportsbook odds for the eventual Stanley Cup champion are +1180, but take out that 2019 Blues championship and the typical Stanley Cup champion’s odds are +978.
What Is An NHL Futures Bet?
This is a bet in which you would look at the Stanley Cup odds well in advance of the Stanley Cup Finals and back a specific team to win. 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 this were a moneyline bet, you’d be able to see which team is the clear favorite because it would have a minus sign beside its moneyline odds (-). For Stanley Cup futures, the team with the lowest Stanley Cup odds is favored to win the NHL championship, and the rest are underdogs.
Let’s say you feel strongly about the Leafs and believe they’re going to end a Stanley cup drought that’s lasted since 1967. If you were to bet $100 on them and they did triumph, you’d get a payout of $650 – your original $100 is returned along with your winnings of $550. Our Stanley Cup odds calculator will show you how much you’d win based on the odds and amount bet.
The Stanley Cup odds change throughout the season. Line movements for NHL futures happen frequently, so if you see Stanley Cup odds you like, it’s best to bet on them ASAP. The Leafs may be +600 to win the Stanley Cup in October but after a surge in December, their Stanley Cup odds could jump to +300 and you’ll make less money than you would if you’d bet them at +600.
