The NHL Trade Deadline is one of the biggest days of the regular season schedule for having an impact on NHL odds to win the Stanley Cup, as contenders (and some pretenders) try to fill any holes in the roster and load up to make a run for the Cup.
Well, maybe not exactly on deadline day, as most of the deals are made ahead of time — with this year being no different, as deals began a few weeks ago and saw a flurry of activity in the days before today's official trade embargo.
We've seen the Vegas Golden Knights add depth with Noah Hanifin, and Anthony Mantha, while Edmonton did the same with Adam Henrique, while Colorado made some bold moves to add secondary scoring by shipping out promising defenseman Bowen Byram for top-six center Casey Mittelstadt.
However, in the wee hours of Thursday night we saw the Carolina Hurricanes acquire Jake Guentzel, the biggest name on NHL trade boards, from the Pittsburgh Penguins — plus they made a deal Friday morning for a former point-per-game scorer.
And the Golden Knights weren't done, with a reported deal to acquire Tomas Hertl from San Jose breaking minutes before Friday's 3p.m. ET deadline.
Carolina's move wasn't enough to propel the Canes to the favorites, but they did see a change in their Stanley Cup odds — see where everyone else sits as the dust settles, and 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
3/8/2024: Minutes before the trade deadline's final buzzer, TSN's Bob McKenzie reported that the Golden Knights had acquired Tomas Hertl from the San Jose Sharks for forward David Edstrom and multiple draft picks.
While many questioned the trade's financial sustainability for Vegas in its aftermath, the move sets the defending champs up with a dependable veteran who has logged multiple 60-point seasons and will provide needed front-line depth when he returns from a knee injury.
Vegas, who was in the +1,500 to +1,600 range a week ago, has seen its odds shorten, now as low as +950 at some books, and trending there at others.
Previous Stanley Cup betting action
3/8/2024: The Carolina Hurricanes moved from the 10/1 range to as short as +800 at some outlets after making the biggest splash late Thursday night by acquiring star winger Jake Guenztel from the Pittsburgh Penguins.
Sending away Michael Bunting and an assortment of mid-tier picks and prospects, the deal leaves Friday's deadline barren of any major excitement, but it adds some needed goal-scoring prowess to the Canes' Top 6, as Guentzel has 76 goals over his past two full seasons, 22 goals and 52 points in 50 games this year, and has 34 goals in 58 career postseason games.
Carolina then added more potential offense this morning by nabbing Evgeny Kuznetsov from the Washington Capitals for a third-round pick. The 31-year-old center had 78 points in 79 games two years ago, but saw his production tumble last season and he was assigned to the AHL this year after registering just six goals and 11 assists in 43 games, then entering the league's player assistance program.
The addition of those offensive-minded forwards put Carolina firmly in the "true contender" status, alongside the likes of Florida (as short at +600), Edmonton (+625), and Colorado (+700).
3/6/2024: Despite Edmonton landing Henrique, the Oilers aren't the only contender that has been buys this week. The Florida Panthers, who are second on the odds board at +650, acquired Vladimir Tarasenko from the Senators. A move like that could be just what this team needed to push them over the edge. Some other smaller moves have been made, but one that sticks out is the Avalanche trading Bowen Byram to Buffalo for Casey Mittelstadt. It'll be interesting to see how these moves help the respective teams, and there's always the chance they aren't done yet ahead of the deadline Friday.
3/4/2024: It looked like the Oilers' magic had rubbed of following the All-Star Break, but a four-game win streak has kept them in sole possession of the top spot on the odds board. The Florida Panthers have also moved up the odds board with nine win in their last 10 games. This run mixed in with a Boston's slide has Florida at the top of the Atlantic Division.
2/22/2024: Two of the league's top teams clashed in Edmonton last night, and it was the Boston Bruins who edged the Oilers by a score of 6-5. If Boston one more convincingly it may have shook the standings, but Edmonton is still favored among the majority of books. Teams like the B's, Avs, Panthers, and Canes all remain within striking distance.
2/15/2024: Following their winning streak being snapped, the Edmonton Oilers have won two of their last three and remain the favorites at the majority of books. As it's been all season, several teams like the Vancouver Canucks and Boston Bruins are priced right behind Edmonton though, and something as small as a three-game losing streak for McDavid & Co. could bump them out of the top spot.
2/7/2024: It had to end eventually, and it was the Golden Knights who put a stop the Oilers monster win streak. The Oilers are still favored at most books considering there was no action over the weekend, but how Edmonton responds to the loss will tell the story of where its odds end up in a week. Closing in on the Oilers are the Canucks, Bruins, and Avalanche.
1/31/24: Two wins. Two wins is all the Edmonton Oilers need to break the NHL's long-standing win streak record. This 16-game streak has catapulted the Oilers into the No.1 spot on the Stanley Cup odds boards at several books, and with the league entering the All-Star Break, that won't change anytime soon. The question is, can Edmonton pick up two more wins?
1/24/2024: Breaking the longest win streak by a Canadian team was cool, but the Edmonton Oilers are now just three wins away from tying the all-time record. Edmonton is still in the midst of a 14-game win streak and is now the sole the favorite at +800. Other teams such as the Winnipeg Jets, Boston Bruins, and Vancouver Canucks are still close behind, waiting for the Oilers to falter.
1/17/2024: After entering the season as co-favorites, the Edmonton Oilers quickly sunk on the Stanley Cup odds board with their atrocious start. However, McDavid & Co. have turned the ship around and are +900 to win it all after being as long as +2,200 in November. The Oilers have won 11 straight as of writing and they finally look like the team we all expected to see from game one.
1/10/2024: You would think losing a player like Kyle Connor would hurt your Stanley Cup chances, but the Winnipeg Jets are winners of seven straight and have went 11-1-2 since his injury. Plenty of players are stepping up offensively and Connor Hellebuyck looks like the best netminder in the world. All of this has propelled Winnipeg into the mess at the top, and books like bet365 have even slotted the Jets into the No. 1 spot.
1/3/2024: Teams have returned from the holiday break and things are just as tight atop the Stanley Cup odds board as they were before the calendar flipped to 2024. The Boston Bruins have a league-leading 52 points, but there are seven teams within five points of the B's. Parity is as high as ever in the NHL, and it's expected to stay that way as we approach the playoffs. A team to look out for is the Edmonton Oilers, wo are starting to gain momentum after a horrendous start.
12/26/2023: NHL action has taken a breather over the last couple of days but is set to return on Wednesday. A clog of four-to-five teams at the top of the odds board is still the case at most books, and Vegas is still near the top despite its mini three-game slide. Keep an eye on Vancouver's odds as it's still going for a great price despite the Canucks' league best 49 points.
12/19/2023: The top of the table is still crammed with talent, but the Golden Knights have been the best story up to this point. They still look like the complete team that won the Stanley Cup last year and their 47 points is a league best. The Knights opened at +1,100 to win back-to-back Cups but are now going as short as +700. As for teams that have seen their odds lengthen, the Canes (+1,000) mini slump has them sliding down odds boards.
12/12/2023: As of right now, the Rangers, Golden Knights, Avalanche, and Bruins are seen as the Top 4, with teams like the Carolina Hurricanes and Dallas Stars right there with them. As has been the case for much of the season, the favorite depends on which book you look at... although there is a consensus of which teams are at the top. Keep an eye on Edmonton, as its seven0game win streak has its odds as short as +1.300 at Betway.
12/5/2023: 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.
11/28/2023: The Stanley Cup favorite continues to depend on what book you use, with the Vegas Golden Knights, Boston Bruins, and New York Rangers all tied for first place in the NHL. Speaking of the Rangers, they are oh so close to sliding into the Top 3 spot, although teams like the B's, Knights, and Avalanche are still getting the nod. The Blueshirts odds will be one to monitor as we head into December.
11/21/2023: We all know how much parity is in the NHL, but look no further than the Stanley Cup odds to see just how much there is. You can look at three different books and have three different favorites, but one thing is apparent in all of them, and that's the rise of the Boston Bruins. The B's are tops in the league and are going for as short as +850 at bet365. Meanwhile, Colorado is favored at a few sportsbooks while Vegas is seen as the top dog at others.
11/14/2023: We're now a full month into the NHL season, and the league's elite are starting tp shine through. Vegas is still the favorite on the back of the 12-2-1 start, with Colorado and Carolina Hurricanes staying close at the top. Another team to look at is the Boston Bruins, who have just one regulation loss and are going as short as +900.
11/7/2023: The Vegas Golden Knights continue to crush the competition, sitting as short as +700 with just one regulation loss through 13 games. This team plays a complete 200-foot game and is primed to go on another run with virtually the same roster as last season. Colorado (+800) isn't far off and has looked hungry to get back on top. The Oilers' freefall continues as the 2-8-1 squad is now going for as long as +2,000 depending on the book.
11/1/2023: The Vegas Golden Knights opened with +1,100 odds to win the Cup and have looked like the perfect team in the early going, boosting their odds to +700. The Knights are yet to lose in regulation through 10 games and look primed for a repeat. Sitting behind them are the Colorado Avalanche and Carolina Hurricanes depending on what book you use. Meanwhile, a slow start has the Edmonton Oilers odds as long as +1,500 after sitting at +900 to start the year.
10/24/2023: What was once a neck-and-neck race has now seen someone being to separate themselves from the pack. The Colorado Avalanche are a perfect 5-0 on the season and look to be the cream of the crop in the Central Division. Toronto and Carolina's odds are still near the top, but defensive troubles need to be solved if these teams want to play into June. Outside of the Top 3, the Vegas Golden Knights odds continue to grow shorter and shorter, with bet365 sitting at +750.
10/17/2023: One week into the season the Top 3 spots on the odds board are still shared by the Avalanche, Maple Leafs, and Canes as they have all picked up multiple wins thus far. Outside of the Top 3, Edmonton's odds have taken a slight hit after starting 0-2, while the Dallas Stars have moved into the No. 4 spot after getting some love.
10/10/2023: The regular season kicked off with a three-team race between the Carolina Hurricanes, Colorado Avalanche, and Carolina Hurricanes. All three teams have what it takes to win the Cup, making it no surprise why they're so close on the odds board. Several other teams are around the +1,000 - +1,200 range, including the Edmonton Oilers, New Jersey Devils, and Vegas Golden Knights.
2023-24 Stanley Cup odds over time
Here is a look at how the 2023-24 Cup odds have played out so far!
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Stanley Cup betting trends
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).
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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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Stanley Cup Odds FAQs
The Edmonton Oilers, Florida Panthers, and Colorado Avalanche currently have the best odds to win the Stanley Cup.
The San Jose Sharks and Chicago Blackhawks currently have the longest odds to win the 2023-24 Stanley Cup.
The Vegas Golden Knights won the 2023 Stanley Cup by defeating the Florida Panthers in five games.
The 2024 Stanley Cup Final is expected to start on June 3, with the NHL Playoffs beginning on April 15.