And with a hard-fought 2-1 victory over the Tampa Bay Lightning in Game 6 of the Stanley Cup final, the Colorado Avalanche emerged as the league's champion for the 2021-22 season. Now, it's time to look ahead once more to see how the NHL betting odds shake up for next season, as markets are already opening to see who will be crowned next summer.
The Lightning have appeared in three straight Stanley Cup finals, and are unsurprisingly among the favorites to win it in 2023, however there will be competition.
Here are the early odds to win the 2023 Stanley Cup.
Odds to win the Stanley Cup
| Team | Odds to win Stanley Cup |
|---|---|
| Colorado Avalanche | +400 |
| Toronto Maple Leafs | +800 |
| Tampa Bay Lightning | +900 |
| Florida Panthers | +1,000 |
| Vegas Golden Knights | +1,400 |
| Carolina Hurricanes | +1,400 |
| Calgary Flames | +1,800 |
| Minnesota Wild | +1,800 |
| Edmonton Oilers | +1,800 |
| Pittsburgh Penguins | +2,000 |
| New York Rangers | +2,000 |
| St. Louis Blues | +2,200 |
| Boston Bruins | +2,200 |
| Washington Capitals | +3,500 |
| New York Islanders | +3,500 |
| Dallas Stars | +4,500 |
| Vancouver Canucks | +4,500 |
| Los Angeles Kinds | +4,500 |
| Detroit Red Wings | +5,000 |
| Buffalo Sabres | +5,000 |
| Nashville Predators | +5,500 |
| Winnipeg Jets | +6,000 |
| Philadelphia Flyers | +6,000 |
| Ottawa Senators | +7,500 |
| New Jersey Devils | +7,500 |
| Anaheim Ducks | +7,500 |
| Columbus Blue Jackets | +10,000 |
| Chicago Blackhawks | +10,000 |
| San Jose Sharks | +10,000 |
| Seattle Kraken | +10,000 |
| Montreal Canadiens | +15,000 |
| Arizona Coyotes | +50,000 |
Odds courtesy of DraftKings Sportsbook, as of June 27, 2022.
Stanley Cup favorites
Colorado Avalanche (+400)
Could it be anyone else? The Avs finished with the best record in the Western Conference last season and pretty much steamrolled through the competition en route to the franchise's first championship since 2001. Only the Florida Panthers and Toronto Maple Leafs scored more regular-season goals, and the Avs were missing star Nathan MacKinnon for a stretch of action.
There will be some questions related to pending free agents as Nazem Kadri, Valeri Nichushkin, and Andre Burakovsky are all set to hit the open market this summer. Netminder Darcy Kuemper is also a free agent, so significant changes may be afoot. But, for now, with most of the key core intact, Colorado remains the clear betting favorite to win it all once more.
Toronto Maple Leafs (+800)
Playoff heartbreak after playoff heartbreak can't quell overall excitement around this Buds roster. With an offense driven by Hart Memorial Trophy winner Auston Matthews — and few key names hitting free agency — Toronto should once again score almost at will.
The lack of consistency in net is nothing new for the Leafs, and Jack Campbell is a free agent, so Toronto may be eyeing another changing of the guard between the pipes.
Tampa Bay Lightning (+900)
After three straight trips to the Stanley Cup final — including two wins — the Lightning have cemented themselves as the class of the Eastern Conference. Ondrej Palat is their highest-profile unrestricted free agent, so the Bolts will mostly be able to run back its full roster.
Count the Lightning out at your own peril as both the Panthers and Maple Leafs finished ahead of them in the standings only for both to fall against them once the postseason rolled around. This team performs well with its back against the wall, and even though the Lightning were ultimately felled by Colorado, Tampa fought hard with three of its four losses to the Avalanche being by a single goal.
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 |
|---|---|---|---|
| 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 |
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.
Stanley Cup Odds FAQs
The Colorado Avalanche have the best odds to win the 2022-23 Stanley Cup.
The Arizona Coyotes enter the offseason with the longest odds to win the Stanley Cup at +50,000.
The Colorado Avalanche won the 2022 Stanley Cup by defeating the Tampa Bay Lightning in six games.
