As the hockey season progresses, there will be plenty of NHL odds to dive into. But among all those games, 32 teams are playing for one prize — the Stanley Cup. Last year we finally saw the Colorado Avalanche break through and capture hockey's most coveted prize by thwarting the Tampa Bay Lightning's chance at a three-peat.
As of now, Boston has the highest odds of capturing Lord Stanley, but Colorado has caught fire with healthy bodies back, currently battling for a Top 3 spot in its dvision. Here are the odds to win the 2023 Stanley Cup as of February 1. Be sure to also check out our NHL free picks page, along with our NHL player props page!
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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Stanley Cup odds over time
Stanley Cup favorites
Boston Bruins (+400)
This should come as a surprise to no one, but the Boston Bruins find themselves tops on the odds board. Boston has an NHL-best 38-7-5 record, and even a mini three-game slide isn't enough to hamper their odds at +400. David Pastrnak has shined for the team offensively, accumulating a team-best 72 points thus far.
Colorado Avalanche (+597)
The Colorado Avalanche 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.
The Avs struggled early on this year with injuries piling up, but with bodies returning, they've caught fire and have won seven of 10. This streak has them a point back from Top 3 of the Central, with Winnipeg eight points ahead in second.
Despite all of the early-season adversity Colorado never fell out of the Top 3 on the odds board, and now it seems that the team is ready to take off.
Carolina Hurricanes (+743)
Rounding out the Top 3 at +743 are the Carolina Hurricanes, who are tops in the Metro Division at 33-9-8, rattling off six straight wins. Carolina is a well-oiled machine that has a phenomenal coach and all the pieces to go on a deep Cup run, and could possibly add Presidents' Trophy to its resume as well.
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 four teams with odds above +1,000 have gone on to hoist Lord Stanley.
- In the last 10 seasons conferences have split the Stanley Cup, winning five each.
- 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).
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 | 1 |
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 |
Are the Lightning the NHL's latest dynasty? Tampa Bay has been to the Stanley Cup Finals in each of the last three years 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 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.
Stanley Cup Odds FAQs
The Boston Bruins have the best odds to win the 2022-23 Stanley Cup.
The Arizona Coyotes and Chicago Blackhawks 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.
