NHL Stanley Cup Odds 2022 – Promotions, Predictions, & Favorites To Win

The Tampa Bay Lightning’s bid for a three-peat came up just short this year, as the Bolts fell to the Colorado Avalanche in six games in the Stanley Cup Finals. With last season in the books, it’s already time to start looking forward to next season, and the major online sportsbooks in the United States have you covered with futures odds for all 32 teams. 

While the early favorites are out, you can rest assured that odds will be fluctuating all offseason, especially once the NHL Draft has taken place (July 7-8) and free agency opens up (July 13).

It’s an exciting time to get in on the action and take advantage of some juicy odds you might not see a few months later. If you live in a state where mobile sports betting is legal, you can benefit from some of the intriguing welcome bonuses and offers that most sportsbooks offer to new users. 

The chart below displays the current Stanley Cup odds for all teams still in the mix, which makes it easy to find the best payout at the most accessible online sports betting apps in the U.S.

Current Odds To Win 2023 Stanley Cup

+380 +425 +450 +418 19.35% 0.00% 0.00% 0.00%
+700 +800 +1000 +833 10.90% 0.00% 0.00% 0.66%
+900 +900 +1100 +967 9.44% -0.18% -0.18% -0.18%
+1100 +1000 +1000 +1033 8.84% 0.00% 0.00% 0.00%
+1200 +1200 +1200 +1200 7.69% 0.00% 0.00% 0.00%
+1500 +1400 +1500 +1467 6.39% 0.12% 0.12% 0.12%
+1500 +1800 +1600 +1633 5.80% 0.23% 0.23% 0.33%
+1700 +1800 +1800 +1767 5.36% 0.19% 0.19% 0.19%
+1800 +1900 +1850 5.13% 0.00% 0.00% -0.28%
+2000 +1800 +1800 +1867 5.09% 0.00% 0.00% -0.10%
+2000 +1800 +1900 +1900 5.01% 0.00% 0.00% -0.35%
+2500 +2800 +2800 +2700 3.58% 0.13% 0.13% 0.09%
+4000 +3000 +3000 +3333 2.97% 0.00% 0.00% 0.00%
+3500 +3500 +3300 +3433 2.83% 0.00% 0.00% 0.00%
+5500 +3300 +3300 +4033 2.56% -0.21% -0.21% -0.31%
+3500 +4000 +4000 +3833 2.55% 0.00% 0.00% 0.09%
+4000 +4000 +4000 2.44% 0.00% 0.00% 0.00%
+4000 +5000 +4700 +4567 2.16% 0.09% 0.09% 0.06%
+5000 +5000 +5000 +5000 1.96% 0.00% 0.00% 0.00%
+5500 +5000 +5000 +5167 1.90% 0.00% 0.00% 0.00%
+6000 +5000 +5000 +5333 1.85% 0.00% 0.00% 0.05%
+5500 +6600 +6500 +6200 1.60% -0.06% -0.06% -0.06%
+6000 +6600 +6000 +6200 1.59% 0.00% 0.00% 0.00%
+10000 +8000 +7500 +8500 1.18% 0.00% 0.00% 0.00%
+10000 +15000 +10000 +11667 0.88% 0.00% 0.00% 0.00%
+15000 +15000 +7500 +12500 0.88% 0.00% 0.00% 0.00%
+15000 +10000 +10000 +11667 0.88% 0.00% 0.00% -0.06%
+20000 +15000 +8500 +14500 0.77% -0.06% -0.06% -0.11%
+18000 +15000 +10000 +14333 0.73% 0.00% 0.00% 0.00%
+20000 +15000 +10000 +15000 0.72% 0.00% 0.00% 0.00%
+100000 +50000 +20000 +56667 0.27% 0.00% 0.00% 0.00%
+100000 +50000 +30000 +60000 0.21% 0.00% 0.00% 0.00%


Odds are updated automatically once daily.

Sportsbook Bonus Codes for NHL & Stanley Cup Betting

The following are the best bonus codes for betting on hockey right now at the top sports betting apps:

Online SportsbookPromo Code (Click to Claim)States Operating
DraftKings SportsbookDeposit $5, Get $50 Free + 20% deposit match up to $1,000AZ, CO, CT, IL, IN, IA, KS, LA, MI, NH, NJ, NY, PA, TN, VA, WV & WY
BetMGMRisk-free bonus offer up to $1,000 with bonus code PLAYSPORTSAZ, CO, DC, IL, IN, IA, KS, LA, MI, MS, NJ, NV, NY, PA, TN, VA, WV & WY
CaesarsUp to $1,250 on Caesars + 1000 Tier Credits + 1000 Reward Credits with promo code: SBBONUSFULLAZ, CO, IN, IA, IL, KS, LA, MI, NJ, NY, PA, TN, VA & WV
BetRivers100% deposit match up to $500 with bonus code BONUSPLAY and FREEBONUS in NJ (100% deposit match up to $100 in NY)AZ, CO, IL, IN, IA, LA, MI, NJ, NY, PA, VA & WV

FanDuel Sportsbook$1,000 no sweat first betAZ, CO, CT, IL, IN, IA, KS, LA, MI, NJ, NY, PA, TN, VA, WV & WY
PointsBet2 risk-free bets up to $2,000 total with bonus code 2000BETCO, IL, IN, IA, KS, LA, MI, NJ, NY, PA, VA & WV
UnibetRisk-free bet between $100 and $500, depending on state, with bonus code BETBONUSAZ, IN, IA, NJ, PA & VA
bet365Bet $1, get $200 freeNJ & CO

These promo codes will get you a head start on betting on the futures markets as well as any NHL preseason action ahead of the 2022-23 season. Here’s our full guide on sports betting specific to your state.

Early Stanley Cup 2023 Favorites (Average Odds)

Here’s a look at the early odds to help you gear up for another exciting season of NHL sports betting:

  1. Colorado Avalanche (+450)
  2. Toronto Maple Leafs (+850)
  3. Tampa Bay Lightning (+933)
  4. Florida Panthers (+1000)
  5. Vegas Golden Knights (+1200)

The 2022-23 NHL season doesn’t get underway until October 2022, which means there’s plenty of time to do your research on favorites, dark horses, and Cinderella stories. 

Each new season brings its share of surprises and getting your wager down on the right ones can be a profitable venture. Many variables can affect the odds even in the offseason, including the NHL Draft, free agency, and of course, the dreaded injury bug. 

That’s why it’s never a bad idea to try and lock some odds in early. The table below shows the latest up-to-the-minute Stanley Cup odds to help ensure that you get the best profit margins at some of the top sports betting apps.

Breaking Down the Odds to Win the Stanley Cup in 2023

Unlike the NFL, which has a seven-month break after the Super Bowl, the NHL barely takes a breath before strapping on the skates and getting ready for the next campaign. The Stanley Cup Finals just wrapped up in late June, and in a few short months, the winter warriors will be back on the ice chasing Lord Stanley’s Holy Grail once again. 

It’s no surprise to see the Colorado Avalanche as the early favorite to win the Cup after a brilliant season and dominant performance in the Stanley Cup Finals. But even if your money is on the favorite, it still pays to shop around different sportsbooks to look for the best odds. 

The Avalanche odds range from +400 on DraftKings to +450 on BetMGM to +500 on FanDuel. That’s a decent odds swing and can mean tens, hundreds, or even thousands more dollars for you depending on your wager. 

In this case, it would be in your best interest to bet with FanDuel to get the best bang for your buck. But there’s also nothing wrong with diversifying your sportsbooks and taking advantage of multiple welcome offers and bonuses. 

The chart below displays the current Stanley Cup odds for all 32 teams.

Rundown On The Odds For The 2022 Stanley Cup

Can the Avalanche Repeat?

The Colorado Avalanche were the favorites to win the Stanley Cup heading into the 2021-22 season, and they didn’t disappoint those who backed them. 

After being crowned champions for the first time since 2001, the Avs will now look to go back-to-back, something that has only been done by eight teams in the history of the NHL. 

We don’t have to go too far back for the last team to do it, as the Tampa Bay Lightning accomplished the feat in 2019-20 and 2020-21. Before that, the Pittsburgh Penguins completed the repeat in the 2015-16 and 2016-17 seasons. 

The NHL season can be a grind, and winning the Cup means you have to play up to 28 more games than teams that didn’t make the postseason. There’s always the worry of a “hangover” for those that go deep into the playoffs. 

Right now, the books are banking on the Avs to do it again. They are the current favorites by a mile to win the Cup with average odds of +450.

Can The Lightning Stay Relevant?

The Tampa Bay Lightning have had an impressive run and came up just short of becoming just the fourth team to win three or more Stanley Cups in a row. 

After three straight Cup Finals appearances, you have to wonder if the aging Lightning will finally run out of gas this season. The answer is no if you believe team captain Steven Stamkos

The Lightning leader pointed out that the team will still have the same core group of players next year that has taken them to three straight championship appearances and believes the team isn’t finished yet. 

As of right now, sportsbooks have the Lightning as the third most likely team to win the Cup in 2022-23, with average odds of +933.

Will The Leafs Win Their First Cup Since 1967?

It was a disappointing end for the Toronto Maple Leafs last season when they fell to the Tampa Bay Lightning in the first round of the playoffs. 

Many believed that the Leafs had all the ingredients to go all the way last year, but once again, Canada’s favorite team came up short. Without a championship in over 55 years, the Leafs are entering “curse” territory and have the fanbase wondering if the team will ever get back to its glory days. 

The good news is that the Leafs are coming off of their best regular season in the team’s history and will have the same outstanding group of talent led by superstar Auston Matthews. Although the team hasn’t advanced to the second round of the NHL Playoffs since 2004, there is optimism in Toronto that this core group of players will eventually change the narrative. 

Sportsbooks currently have the Leafs as the second favorite to win the Cup with average odds of +850.

Sports Betting Promotions for Stanley Cup at US Sportsbooks

Many sports betting platforms offer users special promotions during the Stanley Cup Playoffs. They include:

BetMGM Sportsbook Overtime Insurance

Opt-in for the overtime insurance at BetMGM to receive up to $20 in free bets if your team loses in overtime. Terms and conditions apply.

Golden Nugget Sportsbook Golden Lines & No Vig

Golden Nugget has “golden lines,” or odds boosters, on certain two-leg Stanley Cup Playoff parlays. For example, a parlay could include Steven Stamkos scoring a goal and the Lightning winning with +325 odds to lead to bigger payouts for bettors.

Golden Nugget also has some “Notorious V.I.G.” promotions for the Stanley Cup Playoffs, where the sportsbook’s take is reduced significantly.

DraftKings Sportsbook Odds Boosts

DraftKings Sportsbook offers a decent variety of odds boosts for the Stanley Cup Playoffs. For example, they could boost the over 6.5 total goals in a certain game from -110 odds to +120 odds. In these situations, a bet on the over pays out significantly more. 

BetRivers Sportsbook Pre-Packs

BetRivers Sportsbook recently launched “pre-packs,” which are special two-leg parlays on Stanley Cup Playoff games. For example, one pre-pack offer at BetRivers could involve the Carolina Hurricanes moneyline and total goals over 3.5 at +123 odds.

FanDuel Sportsbook Futures Bonus

FanDuel Sportsbook often runs a promotion leading up to the Stanley Cup Playoffs where you can bet on your state’s NHL team (such as the Avalanche in Colorado) to win the Stanley Cup. Then, after each game that team wins throughout the playoffs, you get $3 in bonus credits.

Where Can I Bet On The Stanley Cup Online?

Every legal online sportsbook in the United States is currently taking bets on the Stanley Cup. You can legally bet on sports online in the following areas:

In Mississippi, you can be on your mobile device from inside some state casinos, but you can’t once you leave casino grounds.

If you do happen to live in one of the states where sports betting is legal, the next step is looking for the sportsbooks that are right for you.

Your best bet right now is to look for the sites offering the best odds on Stanley Cup futures, pre-game odds, and special Stanley Cup Playoff promotions. If you do take advantage of a promo, make sure to read all the terms and conditions.

We recommend downloading multiple sports betting apps. Not only will this enable you to easily view the best odds, but you will be able to find which apps you prefer to use.

How To Bet Online On The NHL & 2023 Stanley Cup

Here’s a step-by-step guide on placing an online bet on the Stanley Cup Playoffs.

1. Find The Right Sports Betting Site Or App

Your state will have a limited number of legal online sportsbooks. Browse the different options to see which have the best Stanley Cup betting odds, explore the reviews, and consider the bonus offers.

2. Register At The Site

Once you’ve chosen a sports betting site or app, create an account. In most cases, you’ll need to verify your identity. You may have a free bet offer just for signing up, but you’ll probably need to deposit before you can withdraw any winnings.

3. Make A Deposit

To place a real-money bet at an online sportsbook, you need to fund your account. You can use a variety of methods, including PayPal, debit card, and online bank transfer. Credit card deposits are not recommended because they usually count as a cash advance charge.

Which one should you choose? These are the best online casino deposit methods.

4. Place Your Bets

Make a selection, choose the amount you want to wager, then submit the bet. It will then be added to your bet slip, where you can track all bets you place.

5. Withdraw Your Winnings

If you have winnings at the end of the Stanley Cup, you can withdraw it by requesting a direct deposit, PayPal transfer, and a few other methods.

Where Can I Bet On The Stanley Cup In Vegas?

You can check Vegas odds for the Stanley Cup at any Nevada sportsbook. Generally speaking, the larger the facility, the more bets they’ll offer. But the odds and points spreads are pretty consistent across the board.

The most renowned place for sports betting in Vegas is the Westgate Las Vegas Superbook, which is the largest sportsbook in Nevada. For what it’s worth, it’s also a great place to watch the games because it almost always has a decent crowd of spectators.

See our guide to Online Gambling In Nevada for more information. 

How Stanley Cup Betting Odds Are Calculated

If you’re betting on the Stanley Cup in the United States, the odds are likely listed as American Odds (rather than fraction or decimal). However, online sportsbooks will let you change how the odds are presented. You can also use online odds calculators to determine how much you stand to win.

With American Odds, the number with the minus sign (-) represents how much money you need to be to win $100. The plus sign (+) represents how much you’ll win if you bet $100. 

The $100 marker is just to showcase the odds. Bettors can place wagers of practically any size, from $1 bets to $10,000 bets or more.

At an online sportsbook, you can simply type in the wager you want to place to see what the payout will be. This can be done before you add the bet to your bet slip. You can also type in the amount you want to win, and the online sportsbook will auto-fill the size of the wager. Once you get the hang of how American Odds work, it will become second nature.

Generally speaking, the underdog team will have the plus, and the favorite will have the minus. As is the case with all forms of gambling, the lower the likelihood of winning, the higher the potential payout. And the higher the chances of winning, the lower the prize.

For example, let’s say you joined BetMGM Sportsbook and wanted to bet on the Nashville Predators vs. Colorado Avalanche. The pregame moneyline odds might look something like this:

  • Predators (+150)
  • Avalanche (-185)

If you were to bet $100 on the Predators and they won, you’d win $150. If you bet $100 on the Avalanche and they won, you’d win $54.05. You would need to wager $185 to win $100 with an Avalanche win.

How sports analysts determine the odds are based on several factors. Individual player performance, overall team performance, injuries, trades, and a bevy of other variables come into play. 

How many people bet on the different outcomes also affects the odds, which will regularly change as faceoff grows closer.

See our Complete Guide To Sports Betting Odds.

Off-Season Betting Odds For The Stanley Cup Breakdown

The average Stanley Cup futures odds across the most popular sportsbooks typically shift dramatically throughout the regular season and into the Stanley Cup playoffs. The most active futures bettors place multiple bets throughout that time to maximize profit potential and minimize potential losses. It’s a long-term betting strategy, but it can pay off with a lot of analysis and even more luck.

NHL Stanley Cup Odds And Betting

Because of the popularity of betting on the NHL, you have a wide range of Stanley Cup bets from which to choose.

NHL Moneyline Bets

An NHL moneyline bet is picking which team you think will win. The final score does not matter. The game ending in a shootout doesn’t matter either; however, there are no shootouts in the Stanley Cup playoffs.

Points Spread Bets In The NHL

Betting the spread means you’re also betting on how much a team will win or lose by. 

If you choose the favorite, they need to win by that many goals. If you choose the underdog, they either need to win or lose within that many goals. Point spreads are how you go for the biggest wins when you want to bet on the favorite.

NHL bets also have puck line and regulation time bets, which have a standard points spread of +/- 1.5 and +/- 0.5, respectively. The regulation time bet also pays out if the underdog takes the favorite into overtime.

Over/Under And The Grand Salami

An over/under bet is guessing if the combined number of goals scored by both teams is over or under the bookmaker’s number. 

The Grand Salami is a bet unique to ice hockey where you can bet the over/under on all goals scored by all teams that play that day.

Game Lines Vs. Series Lines

During the Stanley Cup, you can bet on individual games as well as the series as a whole.

Can You Parlay Stanley Cup Bets?

Yes. Most sportsbooks will let you parlay Stanley Cup games.

To parlay means to guess the results of multiple games to increase your win potential, and you’re only paid if all guesses are correct. 

What Is An NHL Futures Bet

An NHL futures bet is guessing who will win at the end of a tournament. In this case, the Stanley Cup playoffs.

You can bet NHL futures right now at all sportsbooks. To win, your selected team just needs to win the conference or the Stanley Cup finals, depending on which you choose.

You can usually place a futures bet months in advance of the Stanley Cup. However, a sportsbook may choose to wait until the teams that made it to the playoffs are determined.

You can also place futures bets after the tournament has started. But futures odds are subject to change at any time based on a variety of variables, the most significant being game results.

What Is A Stanley Cup Prop Bet

In all sports, a prop bet is where you place a wager on a specific outcome. For the Stanley Cup, prop bets are usually separated into two categories: player props and exotics.

Player props are where you bet on a specific player’s performance. You can bet on who will win the Conn Smythe Trophy, which is closer to a futures bet than a traditional prop bet. Usually, player props are game-to-game and involve specific players taking a certain number of shots, scoring goals, saves, minutes in the box, and so on.

Exotic bets are usually in-game events. Examples include number of faceoffs, offsides, and total points in a specific period.

NHL Prop Bets

Season-long prop bets are offered by some sportsbooks, both online and in-person. 

Examples of season-long NHL props normally revolve around individual trophies and awards. The most common examples are top goal scorer, top goaltender, most outstanding rookie, best defenseman, and the Hart Trophy, which is the regular season MVP.

NHL Odds For The Stanley Cup FAQ

It is legal to bet on the 2023 Stanley Cup online in several states at legally-licensed online sportsbooks. Many other states, such as Mississippi and Maryland, accept retail-only sports betting on the 2023 Stanley Cup.

Learn more in our comprehensive Guide To Online Sports Betting In The US.

The legal gambling age in the United States ranges from 18 to 21. For online sportsbooks, the age is usually 21. This includes Stanley Cup bets.

However, in most states in the country, people 18 and older can play Daily Fantasy Sports (DFS) online and win real money. The major outlets like FanDuel and DraftKings are sure to have Stanley Cup DFS.

You can bet on the Stanley Cup by visiting a physical sportsbook or by betting online if that’s an option in your state. The five best legal online sportsbooks in the U.S. include:

As long as you place a bet with a legal sports betting site, it’s safe to bet on the Stanley Cup online. By safe, we mean that they keep personal information private, finances secure, and pay you your winnings.

If you do not live in a state where online sports betting is legal, then all sites that accept your bets are illegal offshore sites. Proceed at your own risk.

Yes. All online sportsbooks offer Stanley Cup in-game bets (AKA live betting).

In-game bets are when you can place wagers on a game after it begins. This is a very popular practice, especially for an event as high-profile as the Stanley Cup.

The only reason an online sportsbook wouldn’t offer in-game bets for the Stanley Cup is if it’s against state law. 

The Colorado Avalanche are the favorite to win the 2023 Stanley Cup. Colorado is the consistent favorite across all major US sportsbooks, although the odds are slightly different at other platforms.

About the Author

Ryan Hagen

Ryan Hagen is a communications graduate of Royal Roads University in Victoria, British Columbia, Canada. He’s spent most of his career writing in roles that have ranged from copywriter at a boutique ad agency to corporate communications at a large oil firm. His true passion is sports, and he’s now been writing in the sports gaming industry for the last couple of years. He enjoys sports betting and usually bets a little too much when he loses and not quite enough when he wins. Hagen’s favorite teams include the Seattle Seahawks (tears have been shed recently), the Toronto Blue Jays, and the Calgary Flames. He's enjoyed a nomadic lifestyle for the last five years and tends to hang his hat where the food is best. He is currently residing in beautiful Oaxaca, Mexico, where he is hurting his brain daily trying to learn Spanish.

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