With the playoffs approaching fast, Stanley Cup futures odds are continuing to heat up.

What team tops the Stanley Cup odds board as we end the second week of April? How do the back-to-back champs stack up against the other teams at the top?

Let’s find out with the latest 2021-22 NHL odds to win the Stanley Cup.

Odds to win the Stanley Cup 

Odds below are up-to-date and reflect the Covers Line, an average comprised of odds from multiple sportsbooks and live within a five-minute delay. Compare NHL futures odds before betting to ensure you get the best number.

Stanley Cup favorites

Colorado Avalanche (+360)

The Colorado Avalanche remains favorites to win the Stanley Cup at +360 odds. Colorado lost to the Vegas Golden Knights in the Stanley Cup quarterfinals last season after winning the President’s Trophy with the best regular-season record, but that hasn’t stopped it from staying at the top of the board.

After a relatively slow start to the season, the Avs have put the pedal to the floor with a Central Divison-best 52-14-6 record. They became the first team in the Western Conference to clinch a playoff spot and have won eight of 10, including a current six-game winning streak.

Florida Panthers (+575)

Moving up into the No. 2 spot after stellar play post-trade-deadline are the Florida Panthers at +575, all the way up from their opening odds of +2,300.

The Panthers have won eight straight games and have bolstered their roster for a deep playoff run with the additions of Claude Giroux, Ben Chiarot, and Robert Hagg at the deadline. This offense is unstoppable, ranking first in the NHL with 4.14 goals per game

Leading the offensive charge is Jonathan Huberdeau, who’s second in the NHL with 105 points in 73 games this year. 

Calgary Flames (+900)

After a wild rise up the board this season, the Calgary Flames have stabilized in the No. 3 spot, with odds of +900, way up from their season-opening odds of +3,000.

Led by Hart Trophy board-climber Johnny Gaudreau, the Flames are now 45-19-9 and have created plenty of separation in the Pacific Divison with their current five-game winning streak. 

Carolina Hurricanes, Tampa Bay Lightning (+1,000)

Sitting steady and tied for the fourth spot are the Carolina Hurricanes, still on the board at +1,000.

The Canes went through a small slump but have regathered themselves and are winners in six of their last 10. Leading the team effort is Sebastion Aho with 75 points in 71 games.

Right up there with Carolina at +1,000 are the defending Stanley Cup winners Tampa Bay Lightning. Death, taxes, and the Bolts being title contenders.

Tampa hasn’t looked as dominant as in prior years but one look at its roster top to bottom will tell you why it sits where it does. Led by Steven Stamkos with 80 points, come playoff time there may be no team who can stop all of the Lightning’s offensive tools.

Rest of the field 

Below Carolina and Tampa Bay at +1,100 are the Toronto Maple Leafs, followed by two teams at +1,600 — the Pittsburgh Penguins and Minnesota Wild. 

Past Stanley Cup winners

The Tampa Bay Lightning claimed Lord Stanley’s grail last season in the COVID-19 bubble. The Lightning were at or near the top of the Stanley Cup odds board throughout the 2020-21 season, along with the Colorado Avalanche and Vegas Golden Knights.

Here are the last 12 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.

SeasonStanley Cup WinnersOdds before playoffsRunner Up
2020-21Tampa Bay Lightning+800Montreal Canadiens
2019-20Tampa Bay Lightning+650Dallas Stars
2018-19St. Louis Blues+1,250Boston Bruins
2017-18Washington Capitals+1,225Vegas Golden Knights
2016-17Pittsburgh Penguins+770Nashville Predators
2015-16Pittsburgh Penguins+650San Jose Sharks
2014-15Chicago Blackhawks+800Tampa Bay Lightning
2013-14Los Angeles Kings+1,400New York Rangers 
2012-13Chicago Blackhawks+400Boston Bruins
2011-12Los Angeles Kings+2,200New Jersey Devils
2010-11Boston Bruins+800Vancouver Canucks
2009-10Chicago Blackhawks+450Philadelphia Flyers

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.

Which states have legal NHL betting?

The 30 states below have legalized single-game wagering to some degree, whether that be at retail locations or online mobile betting on betting sites. In addition, nine other states are in the process of considering legal sports betting.

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. 

Legal StateRetailMobile
ArizonaYesYes
ArkansasYesNo
ColoradoYesYes
ConnecticutYesYes
DelawareYesNo
DCYesYes
IllinoisYesYes
IndianaYesYes
IowaYesYes
Louisiana YesYes
MarylandYesNo
MichiganYesYes
MississippiYesNo
MontanaYesNo
NevadaYesYes
New HampshireYesYes
New JerseyYesYes
New MexicoYesNo
New YorkYesYes
North CarolinaYesNo
OregonYesYes
PennsylvaniaYesYes
Rhode IslandYesYes
South DakotaYesNo
TennesseeNoYes
VirginiaNoYes
WashingtonYesYes
West VirginiaYesYes
WisconsinYesNo
WyomingNoYes

Legal states as of Feb. 15, 2022.

Stanley Cup Odds FAQs

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