We’ve just about reached the end of the NHL season’s first half.
We’re still months away from the playoffs and the Stanley Cup being awarded, but we have a firm enough grasp on who is good — and more importantly who isn’t — to make educated guesses on futures betting.
Here’s a look at the Stanley Cup odds as of mid-January.
2023 NHL Stanley Cup Winner Odds
Here are the Stanley Cup NHL odds as of Jan. 11, 2022, with betting information courtesy of Caesars Sportsbook.
- Boston Bruins (+550)
- Colorado Avalanche (+650)
- Carolina Hurricanes (+800)
- Vegas Golden Knights (+800)
- Toronto Maple Leafs (+1000)
- Tampa Bay Lightning (+1200)
- New Jersey Devils (+1500)
- New York Rangers (+1500)
- Dallas Stars (+1500)
- Calgary Flames (+2000)
- Pittsburgh Penguins (+2000)
- Edmonton Oilers (+2200)
- Minnesota Wild (+2200)
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For the first time in almost two years, there’s a new favorite for the Stanley Cup.
The reigning champion Colorado Avalanche had been the championship favorite since the 2021-22 preseason, yet a rash of injuries and the dominant Boston Bruins have altered the odds.
The Bruins have the shortest odds. The Avs are now No. 2 on the list, but they have company, too.
The Carolina Hurricanes took off in December and jumped atop the Metropolitan Division, and the Vegas Golden Knights, long the top team in the Pacific, are with them directly behind Colorado and Boston.
Following those four are some uber-talented Atlantic Division teams. The three-time defending Eastern Conference-champion Tampa Bay Lightning still look formidable, and this may be the year the Toronto Maple Leafs advance beyond the first round for the first time since 2004
- Read our NHL best bets for your top hockey betting tips.
The upstart New Jersey Devils have fallen on hard times of late but are even with the rival New York Rangers and Central Division-leading Dallas Stars at +1500.
2023 Stanley Cup Favorite
Boston Bruins (+550)
The Bruins are a well-deserved favorite. Boston has been dominant, particularly at home where it did not lose in regulation over its first 22 games, including its 2-1 win in the 2023 Winter Classic against the Penguins at Fenway Park.
The Bruins have taken off in their first season under coach Jim Montgomery. Boston has had stability in goal in Vezina Trophy favorite Linus Ullmark and, of course, still has an embarrassment of offensive riches like David Pastrňák, Brad Marchand, and 2018 Hart Trophy winner Taylor Hall.
Perhaps more important, Boston is playoff tested. The Bruins have been to the postseason six straight seasons, including a trip to the Stanley Cup final in 2019.
2023 Stanley Cup Contenders
Colorado Avalanche (+650)
Colorado is finally starting to look like a Cup contender and not a MASH unit. Marquee players like perennial Hart Trophy candidate Nathan MacKinnon, Gabriel Landeskog, Valeri Nichushkin, and Bowen Byrum have each spent time on injured reserve, which is why the Avalanche were actually outside the playoff field on Jan. 1.
Still, when healthy, Colorado will be tough to beat. Norris Trophy favorite Cale Makar and leading scorer Mikko Rantanen have each played like MVP candidates, and the Avalanche have had stability in goal in first-year starter Alexandar Georgiev. The Avs are still a good bet to repeat.
Vegas Golden Knights (+800)
Vegas looks like the real deal, especially with the way goalie Logan Thompson has tended goal. Goaltending was a huge question mark for the Golden Knights since it was announced mainstay Robin Lehner would miss the season with a neck injury, but Thompson has delivered.
With stable goaltending, it’s no surprise Vegas is rolling. The Golden Knights’ roster is loaded and has weathered injuries to stars like Jack Eichel, Alex Pietrangelo and Shea Theodore by playing to first-year coach Bruce Cassidy‘s defensive identity.
Vegas, which last went to the Cup final in 2018, is hungry. The Golden Knights are a strong contender to unseat Colorado in the West.
Carolina Hurricanes (+800)
The Hurricanes are still my pick to win the Cup, and they’ve really taken off, going 15-0-1 in a 16-game stretch from late November through Jan. 1. Pyotr Kochetkov has given Carolina stability in goal since starter Frederik Andersen has been out most of the season with a lower-body injury.
The Hurricanes still have struggles scoring, which wing Max Pacioretty‘s return from an Achilles injury is supposed to alleviate. The Metro is really good, but Carolina should have enough to finish atop the standings and be a bona fide Cup contender come playoff time.
Tampa Bay Lightning (+1200)
With all due respect to the Maple Leafs, I need to see them win a round before crowning them as a contender. But the Lightning, who have won the East three years in a row and dispatched Toronto in the 2022 playoffs, are still in the mix.
Tampa Bay must be exhausted after three straight final trips, and the core isn’t as talented as it once was. But with Andrei Vasilevskiy in goal, Victor Hedman patrolling the blue line, Nikita Kucherov and Steven Stamkos leading the offense, and Jon Cooper calling the shots, this team is still a contender.
Stanley Cup Sleepers
Winnipeg Jets (+3000)
The Jets have all the pieces in place. Winnipeg has a Vezina-caliber goalie in Connor Hellebuyck, a great coach who has been to the final in Rick Bowness, a No. 1 defenseman in Josh Morrissey, and an elite offense led by Mark Scheifele and Kyle Connor.
So why are the Jets such long odds? Beats me. The make the perfect Cup sleeper.
Washington Capitals (+5000)
Capitals fans may seem more focused on Alex Ovechkin‘s chase of Wayne Gretzky‘s all-time goals record. But there is a lot of talent on the roster, and the core of Ovechkin, Nicklas Backstrom, John Carlson and T.J. Oshie, plus Darcy Kuemper, just led the Avalanche to the Cup in the spring.
The Caps are on the playoff bubble but look likely to get in — MoneyPuck.com lists their postseason odds of 89.9 percent as of Jan. 11. With their talented core, they are worth a small sprinkle.
Nashville Predators (+7500)
The Predators have underachieved for much of 2022-23, but so had the St. Louis Blues around this time in 2019. Nashville has star-caliber talent, notably defenseman Roman Josi and goalie Juuse Saros, and offensive skill that hasn’t quite gotten uncorked.
Saros has proven he can steal games, and the Predators are only six years removed from reaching the Cup final as the last playoff team into the Western Conference field. With these odds, and the talent on the roster, the Predators are worth a small sprinkle, especially if you’re a fan.