NHL Stanley Cup Odds 2023 – Promotions, Predictions, & Favorites To Win

The Stanley Cup Finals are underway, and the major online sportsbooks in the United States have you covered with a plethora of odds and betting options.

The Vegas Golden Knights are now the favorites to win it all, however, the Florida Panthers aren’t far behind in terms of probability. Suffice it to say, don’t count out Florida after Vegas’ game one victory.

The chart below displays the current Stanley Cup odds, 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

	Bet Now	Bet Now	Average Odds	Chance of Winning	7 Day Change	14 Day Change	21 Day Change
VGK Golden Knights	-500	-345	-461	81.88%	8.90%	8.90%	8.90%
FLA Panthers	+375	+280	+359	22.05%	-9.30%	-9.30%	-9.30%

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:

These promo codes will get you a head start on betting this NHL season. Here’s our full guide on sports betting specific to your state.

Current Stanley Cup 2023 Favorites

Here’s a look at the odds to help you gear up for another exciting season of NHL sports betting. Odds via BetMGM as of June 5, 2023:

1. Vegas Golden Knights (-225)
2. Florida Panthers (+175)

Stanley Cup Finals Odds

Let’s take a closer look at the odds for the Stanley Cup Finals.

Vegas Golden Knights vs. Florida Panthers

The Vegas Golden Knights entered the Stanley Cup Playoffs as a strong team, often sitting in the top five in odds to win. The Florida Panthers, on the other hand, slipped in as a wild card and have since upset some of the toughest teams this year, including the record-setting Boston Bruins. Though Vegas took game one, it’s tough to count out the underdogs here. What remains to be seen is whether or not Florida can win on the road in Vegas and how they’ll bounce back on the return to Sunrise, FL for Games 3 and 4.

Rundown On The Odds For The 2023 Stanley Cup

A Tale of Toppling Goliaths

For the majority of the regular season, and even partially through the first round of the playoffs, the Bruins and Avalanche seemed unstoppable. They were both summarily defeated in the Stanley Cup Playoffs, both falling in the very first round.

The same can be said for the second-round upsets – the Oilers were eliminated, as well as the Maple Leafs at the hands of a wild-card Florida Panthers team. When it came to the Conference Finals, most hockey fans resigned themselves to the fact that this year, anyone could win at any time. In short, one could describe this year’s Stanley Cup Playoffs as a series of upsets throughout.

The Leafs Miss Another Opportunity to 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. Their second-round exit has kept those talks alive this season.

Despite having their best regular season in the team’s history and the same outstanding group of talent led by superstar Auston Matthews, the Leafs just couldn’t get it done against the wild-card Florida Panthers.

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 bonus 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:

• Arizona sports betting
• Colorado sports betting 
• Illinois sports betting
• Indiana sports betting
• Iowa sports betting
• Louisiana sports betting
• Michigan sports betting
• New Jersey sportsbook promos
• New York sports betting
• Pennsylvania sports betting
• Tennessee sports betting
• Virginia sports betting
• Washington, D.C. sports betting
• West Virginia sports betting
• Wyoming sports betting

For Mississippi sports betting, 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 bonus 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.

Past Stanley Cup Winners

In order to understand the future, one must sometimes look to the past. Now that we’ve gotten through the current odds and information on the betting itself, let’s dive into some history. We’ve listed out the previous ten winners of the Stanley Cup to satisfy your curiosity.

1. 2022 Stanley Cup Champions: Colorado Avalanche
2. 2021 Stanley Cup Champions: Tampa Bay Lightning
3. 2020 Stanley Cup Champions: Tampa Bay Lightning
4. 2019 Stanley Cup Champions: St. Louis Blues
5. 2018 Stanley Cup Champions: Washington Capitals
6. 2017 Stanley Cup Champions: Pittsburgh Penguins
7. 2016 Stanley Cup Champions: Pittsburgh Penguins
8. 2015 Stanley Cup Champions: Chicago Blackhawks
9. 2014 Stanley Cup Champions: Los Angeles Kings
10. 2013 Stanley Cup Champions: Chicago Blackhawks

In the past ten years, there have been two repeat winners in the Tampa Bay Lightning and the Pittsburgh Penguins.

Teams With the Most Stanley Cup Wins

Another interesting statistic to look at when taking a glance back into history is the teams with the most Stanley Cup Wins. Check out our top list below.

1. Montreal Canadiens: 23 Wins
2. Toronto Maple Leafs: 13 Wins
3. Detroit Red Wings: 11 Wins
4. Boston Bruins: 6 Wins
5. Chicago Blackhawks: 6 Wins

We most likely won’t see a team overtake the Canadiens in our lifetime, but this season creates a strong possibility of us seeing the Bruins go from 6 to 7 wins. As always, only time will tell.

NHL Odds For The Stanley Cup FAQ