2021 Stanley Cup Odds: Avalanche, Lightning Share Top Honors

Almost a month into the 2021 NHL season, there’s been no shortage of surprises in a year when the league is managing plenty of twists and turns through the COVID-19 pandemic.

So, which teams have the likeliest chances to go all the way? At online sportsbook Bovada, the Colorado Avalanche and Tampa Bay Lightning are the +700 co-favorites to win the Stanley Cup, followed by the Vegas Golden Knights (+725), Toronto Maple Leafs (+900) and Boston Bruins (+1200) at the top of the list.

See Odds Shark’s Best NHL Sites

New to betting on hockey? We have a great NHL betting tutorial to assist you in placing a wager on Stanley Cup odds. To find the sportsbook that’s right for you to get some money down on the ice, head over to our Sportsbook Review page.

Here’s a look at the Stanley Cup odds for all 31 NHL teams to win the championship in the 2021 campaign.

Stanley Cup Odds

Odds to Win the 2021 Stanley Cup
Team Odds
Colorado Avalanche +700
Tampa Bay Lightning +700
Vegas Golden Knights +725
Toronto Maple Leafs +900
Boston Bruins +1200
Montreal Canadiens +1200
Philadelphia Flyers +1400
St. Louis Blues +1600
Washington Capitals +1600
Carolina Hurricanes +1600
Dallas Stars +2000
Pittsburgh Penguins +2200
Edmonton Oilers +2800
Winnipeg Jets +2800
Florida Panthers +3000
New York Islanders +3300
Calgary Flames +3300
New York Rangers +4500
Nashville Predators +4500
Columbus Blue Jackets +5000
Minnesota Wild +5000
Vancouver Canucks +5000
Buffalo Sabres +7000
New Jersey Devils +8000
San Jose Sharks +10000
Arizona Coyotes +10000
Los Angeles Kings +10000
Anaheim Ducks +12500
Chicago Blackhawks +12500
Ottawa Senators +20000
Detroit Red Wings +30000

Odds as of February 5 at Bovada

Habs, Hurricanes Exceeding Expectations

Two of the biggest surprises so far are the Montreal Canadiens and the Carolina Hurricanes.

The Canadiens, who opened the season with a +2200 chance to win the Stanley Cup, have seen their price drop all the way to +1200, tied with the Bruins for fifth-best on the oddsboard. Montreal sits second in the North Division at 7-2-2, behind only the Maple Leafs.

The offseason addition of Tyler Toffoli has made Marc Bergevin look like a genius, as the ex-Los Angeles King and Vancouver Canuck has nine goals and four assists through 11 games.

Carolina is off to a flying start in the Central Division, as the Hurricanes have won six of their first eight games. As a result, the sportsbook has shifted the Hurricanes’ odds to the current number of +1600 after opening them at +2200 at the start of the campaign.

Carolina’s attack has been led by Andrei Svechnikov (nine points), Sebastian Aho (eight points) and Vincent Trocheck (seven points), who have carried the load offensively for the ’Canes.

Rangers, Canucks See Major Odds Downgrade

Both the New York Rangers and Vancouver Canucks have been major disappointments so far for a variety of reasons.

Vancouver has not enjoyed life in the newly formed all-Canadian division. The Canucks, who started the season with a +2800 shot to win the Cup, have fallen all the way to +5000 thanks to a lackluster 6-8-0 start.

The loss of goaltender Jacob Markstrom, who joined the rival Calgary Flames in the offseason, has been painfully evident. Neither Braden Holtby (3-3-0, 3.63 goals-against average, .896 save percentage) nor Thatcher Demko (3-5-0, 3.81 GAA, .897 SV%) has been up to the task of playing like a No. 1 goalie.

Fresh off drafting Alexis Lafreniere with the first overall pick in the 2020 NHL Draft, the Rangers looked like a solid sleeper pick to come out of the East Division at the start of the season.

New York started the year going 2-4-2 but is in better form right now thanks to wins against the Pittsburgh Penguins and Washington Capitals. The Blueshirts have plenty of ground to make up in order to get back in the good graces of oddsmakers, however, evident in their Stanley Cup odds dropping from +2500 to +4500 since hockey came back in January.


What is a Futures Bet on Stanley Cup Odds?

Before hockey season starts, oddsmakers will release their lines on each team’s chance of winning the shiny championship trophy. If you were to place a wager at any point before the Stanley Cup Final, you would be making a futures bet. This is a bet that deals with events that will happen in time. For instance, you could bet on the Detroit Red Wings to win the Cup in September, but you would not see the results of your bet until the postseason.

How to Read NHL Stanley Cup Odds

At your sportsbook of choice, you’ll see Stanley Cup odds listed like this:

Tampa Bay Lightning +300

Toronto Maple Leafs +450

Vegas Golden Knights +500

Boston Bruins +800

Unlike a moneyline bet where there is a clear favorite and underdog, for an NHL futures bet, you would consider the team with the lowest odds as the fave. In this case, it’s Tampa. The team with the highest odds would be the dog. For this example, it’s Boston.

Let’s say hockey season is about to start and you’ve done your research. You believe that it’s Toronto’s year, so you lay down $40 on the Leafs to win the Cup. If they do win it all, you’d see a payout of $220 – your original $40 is returned along with your winnings of $180.

You can use our Odds Calculator to figure out what you’d win based on the amount you bet and the odds.

When it comes to futures, get in on the action early. The closer it gets to the NHL playoffs, the more the odds will shift. Oddsmakers update the lines for these bets frequently as teams slip and fall in the standings. Injuries, trades and coaching changes will affect a team’s odds of making it to the Cup Final, and those who set the lines take that into consideration when updating the odds.

As mentioned above, it’s important to keep in mind that when you make your NHL futures picks, you won’t see a return until Lord Stanley’s Cup is awarded to the winner.

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