The Stanley Cup Playoffs are well underway at online sportsbooks in the United States, and there are plenty of ways to get in on the action. A handful of states implemented mobile sports betting over the last few months, and most recently, both Ontario, Canada and New York launched legal sports betting earlier this year. To enhance the excitement, many platforms offer welcome bonuses and offers to new users.
Betting on the Stanley Cup can be an exciting venture, and understanding how the odds work is a key component.
At the start of the season, the top five favorites to win the 2022 Stanley Cup included:
- Colorado Avalanche (+550)
- Tampa Bay Lightning (+675)
- Vegas Golden Knights (+750)
- Toronto Maple Leafs (+1100)
- Boston Bruins (+1275)
But the most exciting part about betting the futures market on the Stanley Cup is the constant fluctuation of odds throughout the off-season, preseason, regular season, and playoffs. A team that could be a distant long-shot could become the dark horse contender that wins it all.
Starting October 12, 2021, the NHL had its regular 82-game season that has culminated in the 2022 NHL Playoffs and the 2022 Stanley Cup. As of Friday, May 6, we are still in the middle of the first round, but that doesn’t mean you can’t put money down on your pick to go all the way. 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.
Current Odds To Win The Stanley Cup – Whose Odds Are Increasing?
As of Saturday, May 21st the Colorado Avalanche are the current favorite to win the Stanley Cup (which they have been most of the season.) The Avalanche’s odds sit at +185 on DraftKings. Their odds are a bit longer on FanDuel and BetMGM, where they are listed at +190 and +195, respectively.
This example brings up the importance of looking at different sportsbooks to see which is offering you the best odds. In this case, betting on the Avs at BetMGM will get you a much higher payout than the other sportsbooks listed. So unless you decide to use DraftKings or FanDuel because you prefer their welcome bonuses, BetMGM would be your best choice.
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.
|+135||+135||+140||+137||42.26%|| 7.58%|| 8.55%|| 14.20% |
|+260||+250||+250||+253||28.31%|| 9.84%|| 18.92%|| 22.43% |
|+475||+450||+450||+458||17.92%|| -4.30%|| 3.27%|| 7.92% |
|+500||+550||+550||+533||15.81%|| 8.49%|| 10.04%|| 9.14% |
|+2800||+2500||+2400||+2567||3.77%|| -10.20%|| -6.97%|| -7.35% |
|+2800||+2500||+2400||+2567||3.77%|| 1.02%|| -1.40%|| -1.10% |
|+3000||+3000||+3000||+3000||3.23%|| -2.25%|| -2.67%||0.00%|
Odds are updated automatically once daily.
Stanley Cup Betting Promotions 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 is offering 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 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.
Rundown On The Odds For The 2022 Stanley Cup
Avalanche Looking Strong
The Colorado Avalanche opened the 2021-22 NHL season with the best chances of winning the 2022 Stanley Cup. Not much has happened to change the minds of any of the sportsbooks.
The Avs are the current favorites for a reason, and with the way they have played so far this season, it’s worth considering betting on them to go all the way. The only drawback is that the payout on Colorado is less than other teams.
Will Lightning Strike Three Times?
As winners of the 2020 and 2021 Stanley Cups, the Tampa Bay Lightning could be the team to beat. If they become the 2022 Stanley Cup Champions, they’ll join just three other NHL teams to three-peat as champions: the Toronto Maple Leafs (1947–1949; 1962–1964), the Montreal Canadiens (1956–1960; 1976–1979), and the New York Islanders (1980–1983).
In fact, both times the Canadiens did it, they won five in a row and four in a row, respectively. And the New York Islanders got four in a row in the early 1980s. So if Lightning does strike three times, history shows that they could even strike a fourth time – and maybe even a fifth.
If you think they’ll win it all, now is a good time to place a bet on the Lightning, as their odds will continue to get better as they advance through the rounds.
Igor Leading The Way On Broadway
It is no secret that in order to win the Stanley Cup, you need to have solid goaltending. The Rangers certainly have that in Igor Shesterkin. Shesterkin led the NHL in goals against average (2.07) and save percentage (.935) during the regular season. He was also fourth in wins with 36. His spectacular play has him all but a lock for the Vezina Trophy (-1200), which is given to the league’s best goaltender. If he stays strong between the pipes, there is tremendous value on the Rangers as a dark horse to hoist the Stanley Cup.
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:
- New Hampshire
- New Jersey
- New York
- Rhode Island
- Washington, D.C.
- West Virginia
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 Place Online Stanley Cup Bets
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 betslip. 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 a 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 a number of 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 affect the odds, which will regularly change as faceoff grows closer.
Off-Season Betting Odds For The Stanley Cup Breakdown
The average Stanley Cup futures odds across the most popular sportsbooks are 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 total number of goals scored by both teams combined 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 goalscorer, 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 2022 Stanley Cup online in a handful of states and Washington, D.C., at legally-licensed online sportsbooks. Many other states accept retail-only sports betting on the 2022 Stanley Cup, such as Mississippi.
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.
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 who 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 2022 Stanley Cup. Colorado is the consistent favorite across all major US sportsbooks, although the odds are slightly different at other platforms.