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Odds to Win the 2023 NHL Stanley Cup

Odds to Win Stanley Cup
Nicholas Berault
Written by Nicholas Berault
February 17, 2023

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Which NHL team will be hoisting the Stanley Cup when June finally rolls around? Can the Colorado Avalanche win back-to-back titles? These questions will be answered before we know it!

The Boston Bruins look to be the class of the Eastern Conference. They have a rather large point lead over both the Toronto Maple Leafs and the Tampa Bay Lightning for the Atlantic Division.

The 3 other divisions are almost dead heats, as only the Carolina Hurricanes have any semblance of a commanding lead. Stay tuned to get our best bets for the 2023 Stanley Cup.

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Think your favorite NHL team has a shot to bring home the game's most coveted piece of hardware? Check out each team's odds to win the 2023 Stanley Cup below. As you can see from the following list, 3 teams really stand out as the favorites.

Can any team sneak past Boston, Colorado, or Carolina? Here are the current Stanley Cup odds from our friends over at Caesars Sportsbook. These were last updated on February 17, 2023.

Current Odds to Win 2023 Stanley Cup

Latest Odds from Caesars SportsBook

Bruins +400
Avalanche +600
Hurricanes +650
Lightning +1000
Rangers +1000
Stars +1200
Maple Leafs +1200
Oilers +1200
Devils +1500
Golden Knights +1700
Wild +2200
Flames +2500
Kraken +2500
Jets +2800
Kings +3000
Capitals +3500
Islanders +4000
Panthers +4000
Penguins +4000
Sabres +7500
Blues +10000
Predators +10000
Senators +15000
Red Wings +25000
Canucks +25000
Flyers +100000
Sharks +200000
Canadiens +500000
Coyotes +500000
Ducks +500000
Blue Jackets +500000
Blackhawks +500000

Recapping the 2022 Stanley Cup

The Colorado Avalanche hoisted the Stanley Cup last year for the first time since 2001 and broke the franchise record for points in a season set by that 2000-01 team led by Joe Sakic, Patrick Roy, and Peter Forsberg.

The Avs were favorites to win Cup at +650 entering the season, which marked the third time in the last decade that the preseason favorite went on to win. The other two were the Chicago Blackhawks in 2014-15 and the Tampa Bay Lightning in 2019-20.

Colorado lost just four games the entire postseason en route to their franchise’s third championship. It was a chalky kind of year as the Avalanche defeated Tampa Bay, who were second-favorites in the 2021-22 preseason odds.

2023 Stanley Cup Favorites

According to Hockey Reference, the top five favorites entering the 2022-23 season were the Avalanche (+425), Toronto Maple Leafs (+800), Florida Panthers (+900), Carolina Hurricanes (+1000), and Tampa Bay Lightning (+1200).

Four of those teams remain in the top five of the current odds to win the Stanley Cup. The Panthers, who won the President’s Trophy with 122 points last season, find themselves in the familiar position of fighting for a Wild Card berth this year and have fallen down the midseason odds as a result.

The team that has stormed up the standings in the Eastern Conference and is now the favorite to lift the Cup is the Boston Bruins. Boston is 14 points clear of the next team in the NHL and is on a trajectory to test the Montreal Canadiens’ record of 132 points in a season set in 1976-77.

Boston began the season with odds of +2800 to win the championship and an over/under for points of 96.5. They’ll likely cash the over with 20 games remaining on their schedule and look to be on a collision course with Lord Stanley.

The Bruins have won more than 75% of their games this season, allowed the fewest goals in the league by a wide margin, and have a goal differential of +81. The next closest team by that measure is New Jersey at +43.

The Devils are a more extreme example of a team that went from long shot to contender in 2022-23. Their championship odds were +6600 when the puck dropped for the first time this season, and they now have the third-most points in the NHL with roughly 25 games to go.

New Jersey’s record on the road is a staggering 20-3-3, by far the best mark in the league. It has buoyed their mediocre performance on home ice in 2022-23 and vaulted them to among the top ten teams favored to compete for the Stanley Cup.

Other teams near that top ten, depending on where you play, include the Edmonton Oilers, Vegas Golden Knights, Dallas Stars, New York Rangers, Calgary Flames, Minnesota Wild, and Pittsburgh Penguins. Each of these teams is in playoff position or within a point of a playoff berth if the season ended in mid-February.

Longshots for the 2023 Stanley Cup

Several long-shot teams, in addition to the Bruins and Devils, have proven their mettle this season and have a chance to make a run come postseason time. The Winnipeg Jets were side by side with the Devils at +6600 to begin the season and have played their way into the race for the Central division championship to this point.

The Jets have won the most games and allowed the fewest goals in the Western Conference, and have raised their odds to the point where they appear to be on the cusp of challenging the top teams.

One interesting note, their record in games that have gone to overtime is 8-1 this season, the best in the NHL. Whether this bodes well for their chances come playoff time or indicates their record may be inflated is up for debate.

The Seattle Kraken has been a nice surprise in their second season competing in the NHL. They’ve elevated their odds to a similar position as Winnipeg after starting the season as long shots of +15000 and have scored the second-most goals in the West behind the high-flying Edmonton Oilers.

Their balanced offensive attack is comprised of just one 20+ goal-scorer and 10 players with double-digit goals this season. Jared McCann leads the team with 25 goals and is third in the league with a 23.1% shooting percentage.

Elsewhere in the NHL, the two-time champion Los Angeles Kings are in playoff position while holding steady around their +3500 preseason odds number across the board. The Washington Capitals, Stanley Cup champions in 2017-18, are in a tussle for the Wild Card positions in the East as Alex Ovechkin closes in on Wayne Gretzky’s goals record. The New York Islanders are also in that congested Eastern Conference playoff chase and are seeking their first postseason berth since 2020-21.

Best Bets to Win 2023 Stanley Cup

Four teams with odds of +1000 or longer entering the playoffs have won the Stanley Cup since 2009-10, according to various sources. The Bruins, Hurricanes, Avalanche, and Maple Leafs meet that criteria based on the current odds, although the three Eastern Conference teams in that group are well ahead of the Avs in the standings.

For our best bets, we’ll include a favorite, a contender, and a long shot in an attempt to find value at each level. The three teams we’ll be playing at this point in the season are:

Just eight teams who have won the President’s Trophy in the last 35 years have gone on to win the Cup. As dominant as Boston looks right now, there’s a lot of hockey left to be played, and we’ve seen those kinds of teams get beat in a four-game series plenty of times.

The Hurricanes are a disciplined bunch with recent playoff experience who can give anyone in the league trouble. The Devils are being undervalued despite an impressive season and have a chance to make a conference finals run or better if they maintain momentum into the postseason.

Finally, the Jets are winning games with defense, and that translates well to the kind of hockey that’s played in the playoffs. They’ve won games in crunch time during the regular season, and that could contribute to their confidence when the games have higher stakes.

Past Stanley Cup Winners and FAQ

Ready to brush up on your hockey history? The following table shows a list of all Stanley Cup Winners from 2000 to 2022. After that, we'll dive into some frequently asked questions about the NHL and the Stanley Cup.

Have a hockey question that you'd like to see answered in this section? Reach out to us at [email protected] or find us on Twitter @EatWatchBet.

Year Winner Runner-Up
2002 Detroit Red Wings Carolina Hurricanes
2003 New Jersey Devils Anaheim Ducks
2004 Tampa Bay Lightning Calgary Flames
2005 Pittsburgh Penguins Detroit Red Wings
2006 Carolina Hurricanes Edmonton Oilers
2007 Anaheim Ducks Ottawa Senators
2008 Detroit Red Wings Pittsburgh Penguins
2009 Pittsburgh Penguins Detroit Red Wings
2010 Chicago Blackhawks Philadelphia Flyers
2011 Boston Bruins Vancouver Canucks
2012 Los Angeles Kings New Jersey Devils
2013 Chicago Blackhawks Boston Bruins
2014 Los Angeles Kings New York Rangers
2015 Chicago Blackhawks Tampa Bay Lightning
2016 Pittsburgh Penguins San Jose Sharks
2017 Pittsburgh Penguins Nashville Predators
2018 Washington Capitals Vegas Golden Knights
2019 St. Louis Blues Vegas Golden Knights
2020 Tampa Bay Lightning Dallas Stars
2021 Tampa Bay Lightning Montreal Canadiens
2022 Colorado Avalanche Tampa Bay Lightning

Which NHL team has won the most Stanley Cups?

The Montreal Canadiens have won the most Stanley Cups in NHL history, with a total of 24 championships.

What NHL player has scored the most goals in the Stanley Cup Finals?

The NHL player who has scored the most goals in the Stanley Cup Finals is Henri Richard of the Montreal Canadiens, with a total of 20 goals.

What NHL goalie has the most saves in Stanley Cup Finals history?

The NHL goaltender who has the most saves in Stanley Cup Finals history is Martin Brodeur of the New Jersey Devils, with a total of 752 saves.

How many Stanley Cup titles did Wayne Gretzky win?

Wayne Gretzky won 4 Stanley Cup titles in his career. He won two with the Edmonton Oilers in 1984 and 1985 and two more with the Los Angeles Kings in 1991 and 1992.

Who has the most assists in NHL history?

The NHL player with the most assists in history is Wayne Gretzky, with a total of 1,963 assists.

How many Stanley Cup titles did Gordie Howe win?

Gordie Howe won 4 Stanley Cup titles in his career. He won all four of them with the Detroit Red Wings in 1950, 1952, 1954, and 1955.

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21+ to wager. Please Gamble Responsibly. Call 1-800-NEXT-STEP (AZ), 1-800-522-4700 (KS, NV), 1-800-BETS-OFF (IA), 1-800-270-7117 for confidential help (MI). Gambling problem? Call 1-800-GAMBLER (CO, DC, IL, IN, LA, MD, MS, NJ, OH, PA, TN, VA, WV, WY). Call 877-8-HOPENY or text HOPENY (467369) (NY) Call 1-800-327-5050 (MA).

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