The 2021 NHL Playoffs began on May 15, 2021, and the 2021 Stanley Cup odds have been somewhat in flux since opening faceoff. But the top five favorites to win it all (as of the start of the playoffs) have remained fairly consistent all season long:
- Colorado Avalanche
- Tampa Bay Lightning
- Boston Bruins
- Las Vegas Golden Knights
- Carolina Hurricanes
However, due to COVID-19 restrictions, the 2020-21 NHL Season was reduced from 82 games to 56 games. The playoffs also have a 16-team format rather than the standard 8-team format.
But that doesn’t mean the betting isn’t heating up, and the atmospheres at the games are back to electric thanks to the presence of fans. Will the Tampa Bay Lightning strike twice? Or will the odds on favorite Colorado Avalanche meet expectations?
No one knows yet, which is what makes betting on the 2021 Stanley Cup Playoffs so exciting. Below, you’ll find the futures odds on the 2021 Stanley Cup winner at some of the best online sportsbooks in the US.
Current Odds To Win The Stanley Cup – Whose Odds Are Increasing?
Odds are updated automatically once daily.
Stanley Cup Betting Promotions At US Sportsbooks
BetMGM Sportsbook Overtime Insurance
Opt-in for the overtime insurance at BetMGM to receive up to $20 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, Steven Stamkos and Tampa Bay to win with odds +325.
Golden Nugget also has some “Notorious V.I.G.” promotions for the NHL Playoffs, like +110 and -110 on moneyline games (rather than -110 and -110).
DraftKings Sportsbook Odds Boosts
DraftKings Sportsbook is offering a decent variety of odds boosts for the Stanley Cup Playoffs. For example, DraftKings offered a boost to the over/under on the June 1, 2021, Lightning versus Hurricanes game (-110 boosted to +120).
BetRivers Sportsbook Pre-Packs
BetRivers Sportsbook recently launched “pre-packs,” which are special two-leg parlays on Stanley Cup Playoff games. For example, one prepack offer at BetRivers was the moneyline Carolina Hurricanes and total goals over 3.5 at +123 odds.
Rundown On The Odds For The 2021 Stanley Cup
Two Top Fives Fight For The Semifinals
The odds on favorite to win the 2021 Stanley Cup, the Colorado Avalanche, has to beat a team that’s remained a top five contender all season long: the Las Vegas Golden Knights.
If the Colorado Avalanche win, they’ll continue to remain the massively favored winner of the Cup – especially if it’s a blowout. Before game one of the Avalanche’s quarterfinal series against the Knights, the team had a 27.62% chance of winning it all. After they beat the Knights 7-1, their odds shot up to 39.37%.
If all goes as expected, the Colorado Avalanche will enter the 2021 Stanley Cup Semi Finals with odds to win above 50%.
But don’t count out the Las Vegas Golden Knights just yet. In a town notorious for million-dollar gambling upsets, the LVGK know better than most the likelihood of the unexpected.
Tampa Bay Looking To Repeat
If the Carolina Hurricanes were to brush off their game-one quarter finals loss to Tampa Bay and win the series, their odds to win would skyrocket. But as it stands, the Lightning seem the most likely to move on to the semifinals.
Sports bettors who think Tampa Bay have the best odds to win the 2021 Stanley Cup should bet now. If Tampa Bay moves on to the semifinals, the team’s value on the futures market is going to plummet. What’s +450 at BetMGM today could be cut in half within a week’s time.
Then again, hockey is the sport of miracles. The odds on the Stanley Cup winner for the Carolina Hurricanes sit at +1300 on FanDuel. That means just a $10 bet would pay out $130 if they win it all.
Boston Vs. New York Vs. The Odds
This matchup could really throw a wrench into the 2021 Stanley Cup odds. The Boston Bruins and the New York Islanders started their quarterfinals series going tit for tat. So while the Boston Bruins are the favorites to win, an upset could send the Islanders on an upset run that would pay out huge to fortunetelling bettors.
But the Boston Bruins are the favorites for this series, and one of the more likely teams to win it all. Much like betting on the Tampa Bay Lightning before we get any closer to the Stanley Cup, a bet on the Boston Bruins still has good value compared to what it will have if the team gets to the Finals.
Two Canadian Underdogs, One Quarter Finals Series
The Montreal Canadiens got to the quarterfinals by beating the Toronto Maple Leafs after coming back from three games down. So, if you’re planning on counting them out for potential 2021 Stanley Cup Champions… Well, you’re probably not wrong. But you very well could be.
Smarter betting action would be on the games between the Canadiens and the Winnipeg Jets rather than one of them to win it all. The odds just aren’t in their favor.
However, longshot bets pay out the most if they’re successful. Whether you think the Canadiens can keep their streak going or think the Jets are destined to win it all, that hunch could pay out a massive amount. A $100 bet on the Canadiens would pay out around $3,500 right now, and the same bet on the Jets would pay out $1,550.
Where Can I Bet On The Stanley Cup Online?
Every legal online sportsbook in the United States will take bets on the Stanley Cup. You can legally bet on sports online in the following areas:
- New Hampshire
- New Jersey
- 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 one that’s 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 NHL promotions. If you do take advantage of a promo, make sure to read all the terms and conditions.
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.
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.
As of June 1, 2021, Nevada ended most COVID-19 restrictions, so you should have access to every sportsbook on and around the Strip.
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 US, 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.
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.
Let’s use the BetMGM Sportsbook odds on the Vegas Golden Knights vs. Colorado Avalanche. The pregame moneyline odds for the June 2, 2021, match looked like this:
- Knights (+150)
- Avalanche (-185)
If you were to bet $100 on the Knights Jets and they won, you’d win $150. If you bet $100 on the Avalanche and they won, you’d win $54.05.
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
On January 19, 2021, the first day of the 2021 NHL Season, the top six favorites to win the Stanley Cup were as follows:
- Colorado Avalanche (+700)
- Vegas Golden Knights (+800)
- Tampa Bay Lightning (+900)
- Boston Bruins (+1400)
- Philadelphia Fliers (+1400)
- Toronto Maple Leafs (+1400)
Today, the top four remain in the top four, while the Philadelphia Flyers and the Toronto Maple Leafs have since been eliminated. The only new addition to the top five is the Carolina Hurricanes, meaning things have gone pretty much as planned so far.
Is that a consequence of a shortened season? Some would certainly argue that. Sports bettors should take note in case there’s another one in the future.
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 Memorial Trophy, which is the regular season MVP.
However, most sportsbooks likely voided all season-long NHL props bets this year. These bets normally come with the stipulation that all games of the season need to be played for the bet to qualify.
In the case of voided bets, the bookmaker will simply refund the wager.
NHL Odds For The Stanley Cup FAQ
It is legal to bet on the 2021 Stanley Cup online in 13 states and Washington, D.C., at legally-licensed online sportsbooks. Many other states accept retail-only sports betting on the 2021 Stanley Cup, such as New York, New Mexico, and 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. Most 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 is the favorite to win the 2021 Stanley Cup. This is consistent across all major US sportsbooks. But closely behind the Avalanche to win it all include the Tampa Bay Lightning and the Boston Bruins, both of which have a high likelihood of winning.
Yes, the 2021 NHL Stanley Cup Playoffs were adjusted due to COVID-19. After a 56-game regular season versus the standard 82-game season, the NHL changed the Stanley Cup tournament to a 16-team format. The playoffs go from May 15, 2021, through July 2021.