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2022-23 NHL Stanley Cup Odds: Avs Are Team to Beat Once More

Fresh off their first Stanley Cup victory in more than two decades, the Colorado Avalanche enter the offseason as the betting favorites to win the 2022-23 title. The Toronto Maple Leafs and Tampa Bay Lightning are considered tops in the East.

Last Updated: Jun 27, 2022 10:42 AM ET Read Time: 4 min
Cale Makar Colorado Avalanche NHL
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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

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