2023-24 NHL Stanley Cup Odds: Rangers Continue to Climb Amid Tussle At the Top

NHL regular season action is in full swing, and the odds board for the NHL Stanley Cup is as tight as ever. Several books have different teams priced as favorites, but the New York Rangers have all eyes on them as December continues on.

Last Updated: Dec 5, 2023 2:21 PM ET Read Time: 4 min
Artemi Panarin New York Rangers NHL
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The NHL odds surrounding Stanley Cup favorites are all over the place, with different books showing different teams on top. One team that has climbed up every books odds however are the New York Rangers.

With games continuing to come at us, let's dive into the Stanley Cup odds. Be sure to also check out our other NHL futures pages, including Hart Trophy odds!

Odds to win the Stanley Cup 

This odds widget represents the best odds available for each team from regulated sportsbooks. Analysis below may not match live odds.

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Latest Stanley Cup odds update

11/28/2023: Much like the most of November, Stanley Cup odds continue to be neck-and-neck with the team on top depending on what book you're using. One team that continues to make waves and are now as short as +900 are the New York Rangers. The Blueshirts 37 points puts them in a tie for the best mark with Boston and Vegas — two teams also near the top.

2023-24 Stanley Cup odds over time

Here is a look at how the 2023-24 Cup odds have played out so far!

Here are some trends you may want to consider before placing a bet on the Stanley Cup.

  • Repeat winners are more common than you think. Since 2010, the Pittsburgh Penguins and Tampa Bay Lightning successfully defended their Cup once.

  • Top teams from the beginning of the year typically go on to win the Cup. Since 2010, just five teams with odds above +1,000 have gone on to hoist Lord Stanley.

  • In the last 10 seasons the Western Conference has won six championships to the East's four.

  • The President’s Trophy winner has gone on to win the Stanley Cup just eight times in the 35 years that both trophies have been awarded.

  • A team has won 2+ consecutive Stanley Cups 15 times, most recently the Tampa Bay Lightning in 2020 and 2021.

  • The runners-up have gone on to win the Stanley Cup in the following season only once since 1990 (Pittsburgh Penguins 2009).

Stanley Cups won by division

In the 2013-14 season, the NHL opted to move to a four-division league. This is the number of Stanley Cup winners per division since the switch.

Division Number of Stanley Cups
Atlantic 2
Metropolitan 3
Central 3
Pacific 2

Past Stanley Cup winners

The Colorado Avalanche claimed Lord Stanley's grail in 2022. They were the betting favorites for much of the year and finally lived up to the hype.

Here are the last 13 winners of the Stanley Cup, their odds of winning just before the playoffs began (courtesy of Sports Odds History), and the team that lost in the Stanley Cup Finals.

Season Stanley Cup Winners Odds before playoffs Runner Up
2022-23 Vegas Golden Knights +1,200 Florida Panthers
2021-22 Colorado Avalanche +325 Tampa Bay Lightning
2020-21 Tampa Bay Lightning +800 Montreal Canadiens
2019-20 Tampa Bay Lightning +650 Dallas Stars
2018-19 St. Louis Blues +1,250 Boston Bruins
2017-18 Washington Capitals +1,225 Vegas Golden Knights
2016-17 Pittsburgh Penguins +770 Nashville Predators
2015-16 Pittsburgh Penguins +650 San Jose Sharks
2014-15 Chicago Blackhawks +800 Tampa Bay Lightning
2013-14 Los Angeles Kings +1,400 New York Rangers 
2012-13 Chicago Blackhawks +400 Boston Bruins
2011-12 Los Angeles Kings +2,200 New Jersey Devils
2010-11 Boston Bruins +800 Vancouver Canucks
2009-10 Chicago Blackhawks +450 Philadelphia Flyers

Are the Lightning the NHL's latest dynasty? Tampa Bay has been to the Stanley Cup Finals in three of the last four seasons and opened the 2022-23 season with +900 odds to win it all.

Teams with the most Stanley Cup Championships

Team Stanley Cup wins Stanley Cup appearances
Montreal Canadiens 24 35
Toronto Maple Leafs 13 21
Detroit Red Wings 11 24
Boston Bruins 6 20
Chicago Blackhawks 6 13
Edmonton Oilers 5 7
Pittsburgh Penguins 5 6
New York Islanders 4 5
New York Rangers 4 11
Colorado Avalanche  3 3
New Jersey Devils 3 5
Tampa Bay Lightning 3 5

The Habs have a comfortable lead in the clubhouse, but haven't hoisted Lord Stanley's Cup since 1993.

How to read Stanley Cup odds

Sportsbooks will post NHL futures odds before the season starts — including odds to win the Stanley Cup. These odds are constantly adjusted throughout the offseason as players get hurt, suspended or are traded. Once the regular season begins, title odds will change daily as teams win and lose games and as more players get hurt, suspended or traded. Sportsbooks will also adjust the NHL futures odds based on handle and liability to certain teams.

Stanley Cup odds will usually look like this:

  • Colorado Avalanche +550

This means that on a $100 bet, you'll stand to win $550 if the Avs win the Stanley Cup. If it's close to the end of the regular season or even during the playoffs and the NHL has a very dominant team, you might see that a team is has a minus sign (-) ahead of its odds. 

  • Tampa Bay Lightning  -120

This means that you would need to bet $120 to win $100 on a Lightning Stanley Cup win.

Above we have posted the American odds for the Stanley Cup. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.

Where can I bet on the Stanley Cup Final?

If you're in a state that allows mobile, online betting, make sure you know which sites are the best hockey betting sites. The best betting sites offer sharp odds, quick payouts and are safe and secure when it comes to depositing and withdrawing your money.

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