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2022-23 NHL Stanley Cup Odds: Avs Primed to Repeat

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

Last Updated: Sep 30, 2022 3:33 PM ET Read Time: 4 min
Cale Makar Colorado Avalanche NHL
Photo By - USA TODAY Sports

Preseason hockey is well underway, meaning we're that much closer to playing meaningful hockey once again. 

The defending champion Colorado Avalanche are unsurprisingly the top favorite to win it in 2023, and stood in that position all summer. There are a ton of real contenders following them, however.

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 +380
Toronto Maple Leafs +700
Florida Panthers +900
Carolina Hurricanes +1,100
Tampa Bay Lightning +1,200
Edmonton Oilers +1,500
Calgary Flames +1,500
Minnesota Wild +1,700
Pittsburgh Penguins +2,000
New York Rangers +2,000
Vegas Golden Knights +2,500
Boston Bruins +2,500
Nashville Predators +3,500
Los Angeles Kings +3,500
Washington Capitals +4,000
St. Louis Blues +4,000
Dallas Stars +4,000
Vancouver Canucks +5,000
New York Islanders +5,500
New Jersey Devils +5,500
Ottawa Senators +5,500
Detroit Red Wings +6,000
Winnipeg Jets +6,000
Columbus Blue Jackets +10,000
Seattle Kraken +10,000
Buffalo Sabres +15,000
Anaheim Ducks +15,000
San Jose Sharks +18,000
Philadelphia Flyers +20,000
Montreal Canadiens +20,000
Chicago Blackhawks +100,000
Arizona Coyotes +100,000

Odds courtesy of DraftKings Sportsbook, as of September 30, 2022.

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Stanley Cup odds over time

Stanley Cup favorites

Colorado Avalanche (+380)

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.

The key core remains mostly intact despite losing center Nazem Kadri, netminder Darcy Kuemper, and winger Andre Burakovsky in free agency. That alone still makes them the favorite to win it all once more.

Toronto Maple Leafs (+700)

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, Toronto's offense will once again be its driving force.

The lack of consistency in net is nothing new for the Leafs, as they ended up trading for Matt Murray this offseason and signed former Capitals starter Ilya Samsonov to replace departing free agent Jack Campbell.

Florida Panthers (+900) 

Following getting eliminated by the Lightning in the playoffs for the second straight year, the Panthers went out and made a massive deal for winger Matthew Thachuk. Florida sent star center Jonathan Huberdeau and others to Calgary in return, so the jury is still out on whether or not this will help Florida long-term.

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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