Devils' Stanley Cup Odds Surge After Acquiring Hellebuyck

Grant Mitchell - News Editor
Grant Mitchell • News Editor 5+ years betting experience
Updated: Oct 23, 2026 , 03:10 PM ET • 4 min read

DraftKings shortened New Jersey's odds from +2,500 to +1,400 following the trade.

Photo By - Reuters Connect. New Jersey Devils right wing Nathan Bastian (14) watches Winnipeg Jets goaltender Connor Hellebuyck (37) miss a glove save in the third period at Canada Life Centre. James Carey Lauder-USA TODAY Sports

The New Jersey Devils took a huge step toward Stanley Cup contention after they completed a trade for Winnipeg Jets goaltender Connor Hellebuyck on Friday.

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Key Takeaways
  • Hellebuyck had not played for Winnipeg this season after being suspended for missing training camp.
  • The star goalie won the NHL’s MVP trophy in 2025.
  • DraftKings raised New Jersey's implied championship probability from 3.9% to 6.7%. 

Hellebuyck is one of the NHL's most decorated active goaltenders. He has won three Vezina Trophies as the league's top goalie and a Hart Memorial Trophy as its most valuable player.

The Jets had fielded trade offers for the 33-year-old but had yet to find a deal they liked. That changed Friday when New Jersey sent forwards Dawson Mercer and Nick Bjugstad, goaltender Nico Daws, prospect Alexander Command, a 2027 seventh-round pick, and a 2029 second-rounder to Winnipeg.

The Devils sit eighth in the Eastern Conference at 6-4-0. They have allowed the eighth-most goals in the conference during the young season, more than all but two teams ahead of them in the conference. Those two clubs, the Carolina Hurricanes and Toronto Maple Leafs, both played two more games.

The Devils' Stanley Cup odds shortened from +2,500 before the trade to +1,400 at DraftKings on Friday, increasing their implied championship probability from 3.9% to 6.7%.

Eight teams remain ahead of the Devils in championship odds.

  • Carolina Hurricanes +600
  • Colorado Avalanche +700
  • Tampa Bay Lightning +800
  • Edmonton Oilers +800
  • Florida Panthers +850
  • Vegas Golden Knights +900
  • Washington Capitals +1,100
  • Minnesota Wild +1,200

The Dallas Stars are tied with the Devils at +1,400.

Devils hot on Stanley Cup trail

Other sportsbooks have a similar perspective on the Devils’ championship outlook.

BetMGM currently lists the Devils at +1,500 but valued them at +3,000 when odds were first released and at +3,300 the night before the season opener, according to Sports Odds History. Both ranked 13th in the league.

Hellebuyck was suspended by the Jets after failing to report to training camp while seeking a trade. He is in the third year of a seven-year, $59.5-million contract.

Hellebuyck forfeited approximately $928,000 in salary during his suspension, which was scheduled to end Friday.

Jets general manager Kevin Cheveldayoff previously said the team arranged extra security for Hellebuyck after the goalie helped the United States defeat Canada in the Olympic gold-medal game. Hellebuyck had reported receiving online threats.

Meanwhile, first-year Devils GM Sunny Mehta has shown a willingness to make major moves. He previously traded goaltender Jacob Markstrom and forward Angus Crookshank to Florida in a deal for three forwards.

The Jets and Devils will face each other twice this season. The first matchup will take place north of the border Nov. 10, and the rematch will occur 18 days later. 

Hellebuyck did not have Hart Memorial Trophy odds available on DraftKings at the time of publication.

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Grant Mitchell - News Editor
News Editor

Grant jumped into the sports betting industry as soon as he graduated from Virginia Tech in 2021. His fingerprints can be found all over the sports betting ecosystem, including his constant delivery of breaking industry news. He also specializes in finding the best bets for a variety of sports thanks to his analytical approach to sports and sports betting.

Before joining Covers, Grant worked for a variety of reputable publications, led by Forbes.

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