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
The Colorado Avalanche have the best odds to win the 2022-23 Stanley Cup.
The Chicago Blackhawks and Arizona Coyotes currently have the longest odds to win the Stanley Cup at +100,000.
The Colorado Avalanche won the 2022 Stanley Cup by defeating the Tampa Bay Lightning in six games.
