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2022 Stanley Cup Odds: Avalanche The Betting Favorites

The Colorado Avalanche are favored in 2022 Stanley Cup odds.

As the summer comes to an end and the NHL offseason seems to have wrapped up for the most part, it’s time to look WAY ahead to who the favorites are in 2022 Stanley Cup odds.

The defending champion Tampa Bay Lightning (+575) are not favored to win it all again for the third straight year – Tampa is second in 2022 Stanley Cup odds behind the Colorado Avalanche (+500). The Vegas Golden Knights (+700), Toronto Maple Leafs (+1200) and Boston Bruins (+1300) round out the top five.

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
Tampa Bay Lightning+575
Vegas Golden Knights+700
Toronto Maple Leafs+1200
Boston Bruins+1300
Carolina Hurricanes+1400
Pittsburgh Penguins+1800
Florida Panthers+2000
New York Islanders+2000
Minnesota Wild+2200
Edmonton Oilers+2500
New York Rangers+2500
Washington Capitals+2500
Montreal Canadiens+2800
Philadelphia Flyers+3000
Dallas Stars+3500
St. Louis Blues+4000
Winnipeg Jets+4000
Calgary Flames+4500
Seattle Kraken+4500
Chicago Blackhawks+5000
Vancouver Canucks+5000
Nashville Predators+5500
Los Angeles Kings+6600
New Jersey Devils+6600
San Jose Sharks+8000
Columbus Blue Jackets+10000
Ottawa Senators+10000
Arizona Coyotes+15000
Anaheim Ducks+15000
Detroit Red Wings+20000
Buffalo Sabres+25000

Odds as of August 30 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 (+2500)

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 in June 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 12th team on this list at +2500, the Rangers are great value in 2022 Stanley Cup odds based on the potential of their roster and offseason.

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 have added Nate Schmidt from Vancouver and Brenden Dillon from Washington to their back end and both should step into top-four roles right away. 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 bet. 

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.