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Stanley Cup playoff betting action gets underway on Wednesday night this week, with the Chicago Blackhawks and the New York Rangers starting the postseason as the favorites on the odds to win their respective conference titles and advance to the Stanley Cup final this spring.

At [custom:bovada-link] the Blackhawks are the 7/2 favorites on the odds to win the Western Conference, followed by the St. Louis Blues at 4/1, the Anaheim Ducks and the Minnesota Wild at 9/2, the Nashville Predators at 6/1, the Vancouver Canucks at 8/1, the Calgary Flames at 10/1, and the Winnipeg Jets at 12/1.

Chicago has a first-round matchup against Nashville starting on Wednesday night, while Vancouver takes on Calgary, Minnesota meets St. Louis, and Anaheim battles Winnipeg in the other three first-round playoff series in the Western Conference.

Over in the Eastern Conference the Rangers are pegged as the 5/2 favorites at [custom:bovada-link] to get to the Stanley Cup final for the second straight season, with New York trailed by the Montreal Canadiens (9/2), Tampa Bay Lightning (9/2), Detroit Red Wings (8/1), New York Islanders (8/1), Ottawa Senators (8/1), Pittsburgh Penguins (8/1), and Washington Capitals (9/1) on that list.

The Rangers will take on the Penguins in a first-round playoff series starting on Thursday night this week, while the other three matchups on the Eastern Conference side of the bracket are Montreal vs. Ottawa, the Islanders vs. Washington, and Detroit vs. Tampa Bay.

[ Check out the latest NHL playoff betting lines at the sportsbooks as puck drop approaches ]

Stanley Cup Playoffs - First-Round Matchups

St. Louis Blues vs. Minnesota Wild (Game 1 Matchup Report) Nashville Predators vs. Chicago Blackhawks (Game 1 Matchup Report) Anaheim Ducks vs. Winnipeg Jets (Game 1 Matchup Report) Vancouver Canucks vs. Calgary Flames (Game 1 Matchup Report)

Montreal Canadiens vs. Ottawa Senators (Game 1 Matchup Report) Tampa Bay Lightning vs. Detroit Red Wings (Game 1 Matchup Report) New York Rangers vs. Pittsburgh Penguins (Game 1 Matchup Report) Washington Capitals vs. New York Islanders (Game 1 Matchup Report)

Stanley Cup Playoffs - First-Round Series Prices at 5Dimes

Minnesota Wild (Series) +125 St. Louis Blues (Series) -145

Chicago Blackhawks (Series) -120 Nashville Predators (Series) +100

Winnipeg Jets (Series) +155 Anaheim Ducks (Series) -175

Calgary Flames (Series) +135 Vancouver Canucks (Series) -155

Ottawa Senators (Series) +140 Montreal Canadiens (Series) -160

Detroit Red Wings (Series) +155 Tampa Bay Lightning (Series) -175

Pittsburgh Penguins (Series) +175 New York Rangers (Series) -210

New York Islanders (Series) +135 Washington Capitals (Series) -155

Odds to Win the 2015 Stanley Cup at [custom:bovada-link]

New York Rangers 6/1 Anaheim Ducks 8/1 Chicago Blackhawks 8/1 Minnesota Wild 8/1 St. Louis Blues 8/1 Montreal Canadiens 9/1 Nashville Predators 12/1 Tampa Bay Lightning 12/1 Detroit Red Wings 16/1 Ottawa Senators 16/1 Pittsburgh Penguins 16/1 Vancouver Canucks 16/1 New York Islanders 18/1 Washington Capitals 18/1 Calgary Flames 20/1 Winnipeg Jets 25/1

Odds to Win the 2015 Eastern Conference at [custom:bovada-link]

New York Rangers 5/2 Montreal Canadiens 9/2 Tampa Bay Lightning 9/2 Detroit Red Wings 8/1 New York Islanders 8/1 Ottawa Senators 8/1 Pittsburgh Penguins 8/1 Washington Capitals 9/1

Odds to Win the 2015 Western Conference at [custom:bovada-link]

Chicago Blackhawks 7/2 St. Louis Blues 4/1 Anaheim Ducks 9/2 Minnesota Wild 9/2 Nashville Predators 6/1 Vancouver Canucks 8/1 Calgary Flames 10/1 Winnipeg Jets 12/1