2022 Stanley Cup Odds Tracker: Oilers, Rangers Make Big Jumps

The Oilers are one game away from reaching the Western Conference Finals, while the Rangers evened their series with the Hurricanes.

Steve Petrella
Steve Petrella
May 25, 2022, 8:30 AM EDT

2022 Stanley Cup Winner Odds

Stanley Cup odds via BetMGM, updated in real-time. Confused? Learn more about American odds here.

We're in the heat of the Stanley Cup playoffs, and the Colorado Avalanche remain the favorite at +130 at BetMGM after taking a 3-1 series lead over the Blues on Monday night. They'll look to close out the series at home on Wednesday night.

The Lightning wrapped up their series against the Panthers in Game 4, making Tampa the second betting choice at +260. They've now won 10 consecutive playoff series, and goalie Andrei Vasilevskiy continues to stand on his head in elimination games.

The Hurricanes are next at +550 after dropping Game 3 and 4 to the Rangers in New York. NYR jumped from close to +2000 to +1200 after evening the series.

The Oilers made a big leap after taking a 3-1 series lead over the Flames. Edmonton is now +650, with Calgary dropping all the way to +2000.

TeamOdds
Colorado Avalanche
+145
Tampa Bay Lightning
+260
Carolina Hurricanes
+550
Edmonton Oilers
+650
New York Rangers
+1200
Pittsburgh Penguins
+1700
Calgary Flames
+2000

Who Is the Stanley Cup Favorite?

May 23: The Avs remain the favorite at around +150 depending on the sportsbook, while the Lightning are now the second betting choice at around +300.

May 6: The Hurricanes went from around +1200 to +650 after dominating the Bruins in two games in Carolina, and the series now shifts back to Boston where the B's will look to right the ship. The Avalanche, with a 2-0 lead, have dropped below +300 for the first time.

April 29: The Avs and Panthers continued to grow their leads on the odds board, while the Flames worked their way to the top to become the third favorite.

March 15: The Calgary Flames have been a big mover over the last month as they continue to lengthen their Pacific Division lead while making up games from their COVID pauses late in 2021. The Penguins and Rangers, though New York has struggled a bit in the last two weeks, are also solidifying their positions in the playoffs and atop the Stanley Cup odds board.

February 8: The Hurricanes dropped back to +1000 following the All-Star break, unseated by the Leafs for the No. 4 spot after an overtime loss in Toronto on Monday night.

February 3: We have two new teams among the top five on the Stanley Cup odds board -- the Panthers are once against the second favorite, and the Hurricanes have joined the Lightning and Knights at +750. The Leafs have dropped back to +900. The Predators continue their big move up the board, now +2000 at PointsBet.

January 13: The Penguins' tear over the last month has moved them from +3000 to +1600. The Predators have also seen a big move from fringe playoff team to +4000 to win the Stanley Cup.

January 3: There hasn't been a ton of movement over the last few weeks because of COVID cancellations across the NHL. The biggest moves in probability are the Lightning and Golden Knights, who went from +850 to +650 at PointsBet.

December 20: The Oilers have taken a dip following a strong start to the season. They worked their way into the top tier at +1300 and are back down to +2200, around where they began the season.

December 7: After 13 straight road games to start the season, the Islanders find themselves in the bottom of the Metro Division. They dropped from +2400 to +5000 over the last few weeks. The Flyers have also dropped, while the Stars and Flames made big jumps.

November 22: The Penguins are dropping after a slow start to the season from +2000 to +2500 and now to +3000.

November 15: Following a strong start, the Calgary Flames are now +2200 to win the Stanley Cup. They've ping-ponged around in this range for the last two months, as PointsBet's had them at +4000, +3000, and +2500 at various points.

November 2: The Panthers are now the second favorite to win the Stanley Cup at PointsBet at +850, moving ahead of both Vegas and Tampa at +900.

October 25: The Florida Panthers are the NHL's biggest story to start the season after winning six straight, and scoring at least four goals in all those wins. They've moved from +2000 to win the Stanley Cup to +900.

October 15: We've arrived -- the NHL season is here. There were a few movers in Stanley Cup odds late in the preseason. The Islanders went from +2000 to +1600 over the last month. The Hurricanes dropped from +1600 to +2000. Two favorites, the Lightning and Knights, dropped from +600 to +700.

Let’s dive into each team and their odds at PointsBet, starting with the favorite, the Colorado Avalanche.

1.Colorado Avalanche Logo Colorado Avalanche (+400)

The Avs struggled to start the 2021-2022 season, but have remained the Stanley Cup odds favorite throughout, and have shown why over the last few months by taking a strangehold on the Central Division.

The Avalanche have been dominant in the regular season over the past two years at a ridiculous 81-33-12 mark. But a deep playoff run has eluded them, with second-round losses to the Stars and Golden Knights in 2020 and 2021.

2.Panthers logoFlorida Panthers (+700)

If you didn’t follow hockey much last season, you may have missed the Panthers’ rise to power. And they’ve followed it up with a red-hot start this year, dropping from 20-1 to win the Stanley Cup to around 9-1, then up to 7-1. They're jockeying with Tampa for the Atlantic Division lead.

Florida was fifth in expected goal share at even strength but played Tampa in the first round of the playoffs. Alex Barkov is still underrated by casual fans, and Florida has a core of defensemen who you should get to know, including MacKenzie Weegar, who finished eighth in Norris Trophy voting.

3. Tampa Bay Lightning LogoTampa Bay Lightning (+700)

Tampa went through some bumps in the first few weeks of the season, not uncommon for a team that's played a lot of hockey over the last 1.5 years thanks to deep playoff runs. But they're jostling with Florida for first in the Atlantic Division now and have fully returned to form. They'll be looking to make their third straight Stanley Cup Final.

Tampa’s depth took a hit this offseason. Yanni Gourde, Tyler Johnson, Barclay Goodrow and Blake Coleman are all gone. It’s depth that’s not irreplaceable, but we’ve seen great teams crack a little bit as their bottom six thins out (see Chicago and Pittsburgh last decade).

4.hurricanes logoCarolina Hurricanes (+900)

The league’s analytical darlings have graduated from niche to mainstream. The Canes’ core put it all together last regular season went 36-12-8 last season to win its division, and finished fourth in expected goal share at even strength.

Carolina got by Nashville in the Stanley Cup playoff first round last postseason, then ran into Tampa, who made quick work of that series in five games. The Canes will be good for a while thanks to great depth, high-end skill at the top and a core of unheralded defensemen who can both move the puck and defend in their own end.

5.Maple leafs logoToronto Maple Leafs (+1000)

There’s a group of people who think the Leafs aren’t “built for the playoffs,” and there’s a group of people who think that the playoffs are played the same as the regular season. Both thoughts have merit. 

But the first camp has the upper hand at the moment. Despite elite offensive marks, this team hasn’t made it out of the Stanley Cup playoff first round since 2004. They’ve blown big series leads, and the defense has let them down at times.

6. Flames logoCalgary Flames (+1000)

The Flames were great 2018-19 and 2019-20, but departed the postseason early, and struggled in an easy Canadian division in 2021.

Calgary has shown it patched some holes in its roster and has been one of the league's best teams to start the season. The Flames have moved from 40-1 to 18-1 then back to 20-1 through the first two months and are vying for the Pacific Division lead behind Vegas. Calgary has missed a ton of games due to COVID, so they'll need to make up ground in the next few weeks.

7.Knights LogoVegas Golden Knights (+1300)

Vegas shares a lot of qualities with Colorado, and fortunately no longer shares a division like they did during the COVID-altered 2021 season. The Knights are deep, skilled, and not bogged down by bad contracts, but the injury-bug has bitten them bad to start the season. Las Vegas likes the Knights, even though they're a fringe playoff team at the moment.

8.penguins logoPittsburgh Penguins (+1600)

Just when it looked like the Penguins were finally aging out of contention, they ripped off seven straight wins in December to get back into the Metro race and Stanley Cup odds race.

Sidney Crosby and Evgeni Malkin are getting older, but the Penguins are still a real factor in the Eastern Conference. The goaltending has been a rollercoaster in the last five years, as well. There’s still plenty to like about this team and they're righted the ship after a rough start.

9.rangers logoNew York Rangers (+2000)

The Rangers started a rebuild three years ago, then accelerated it, then abandoned it. But whatever they did appears to be working. The Rangers are a few points back in the Metro and have taken care of business against the teams they're supposed to beat.

New York fired the core of its front office and head coach despite accepting three years ago that a rebuild would take some time. There’s a sentiment that ownership thought the team wasn’t tough enough, made evident by the Tom Wilson fiasco late in the year. So they got tougher this offseason, at the expense of some skill. Pretty much the opposite of how the NHL is trending.

10.Bruins logoBoston Bruins (+2200)

The Bruins had a busy offseason, adding or replacing depth pieces at every level while retaining key contributors like Taylor Hall and Brandon Carlo.

The top line can go toe-to-toe with anyone on both ends of the ice, making Boston a tough out in the postseason, and the B's are starting to put things together down the stretch.

11.Minnesota Wild logoMinnesota Wild (+2200)

The Wild have been a bit of an analytics darling in the past few years, consistently turning strong underlying metrics into average results.

Last year Minnesota finally broke through a bit thanks in part to Kirill Kaprizov and his finishing ability. The Russian rookie flirted with returning home this offseason but signed a five-year deal with the Wild instead.

So far this season, the Wild have built on that success and were the NHL's hottest team heading into the All-Star break before coming back down to earth a bit in late February and March. Their Stanley Cup odds do show they're a contender.

12. blues logoSt. Louis Blues (+2500)

Late in the preseason, the Blues dropped from 33-1 to 40-1 before even playing a game. After a strong start, they're in the 22-1 range.

The Blues’ core has come apart a bit since their Stanley Cup run, and not just through roster attrition. Vladamir Tarasenko has fallen off, Ryan O’Reilly hasn’t replicated his playoff performance from 2019, and St. Louis was carried by some younger, unknown players in 2021 like Jordan Kyrou.

St. Louis had the fifth-worst expected goal share in the NHL last season, somewhat of an anomaly for this group, but they've rebounded nicely through the first two-thirds of the regular season.

13. Washington capitals logoWashington Capitals (+2800)

The Capitals didn’t improve much this offseason but didn’t have a chance to, either. This team is right up against the salary cap and will try to run it back with this core one more time after losing in the first round in three straight years. We might see some big moves next summer if it happens again.

So far, things have gone as planned for Washington. They're in a wild card spot right now and could work their way into the top three in Atlantic should the Rangers falter.

14.Oilers logoEdmonton Oilers (+3000)

If NHL players could be on the ice as much as NFL quarterbacks or NBA point guards are on their playing surfaces, Edmonton would be the Stanley Cup favorite.

Connor McDavid further cemented himself as the league’s best player last year, with 105 points in 56 games and the Art Ross Trophy. But he’s just one of 20, and the rest of the Oilers have struggled to help him out. Edmonton was middle of the pack in expected goal share at 49.57%, and scored just one playoff goal in the postseason in a sweep by the Winnipeg Jets.

Edmonton started red-hot this season but has come back to earth. They got as high as +1300 to win the Stanley Cup and now sit at +3000.

15. Predators logoNashville Predators (+3500)

Nashville’s moves this offseason do not signal that they believe they’re a contender. The Preds sent Viktor Arvidsson to the Kings for picks. They moved Ryan Ellis to the Flyers for two younger players. Had goalie Juuse Saros not played at, this team would have missed the playoffs by a mile.

So far it seems to be working. The Preds are up to 20-1 to win the Stanley Cup at PointsBet, and there's another future worth betting on this team.

16. LA Kings logoLos Angeles Kings (+4500)

The Kings were bad last season, finishing second to last in expected goal share at even strength. But they’ve got really exciting group of prospects in the pipeline and should work their way into contention at some point in the next few years.

17. stars logoDallas Stars (+6000)

The Stars finished third in expected goal share at even strength last season but missed the postseason. They got hit hard by COVID, and missed a stretch of the season because of a storm in Texas. They’ll be back in the hunt this year, thought PointsBet did drop them from 25-1 to 30-1 before the season. After a middling start, they're back at 50-1. 

18. Winnipeg Jets logoWinnipeg Jets (+10000)

The Jets rely on elite goaltending and finishing skill — not the modern formula most people think — but it’s been working for a few years. Maybe not worth a bet on the Stanley Cup, but game-by-game, this team has been underrated because of its poor underlying possession metrics.

19. Ducks logoAnaheim Ducks (+10000)

The Ducks have been one of the biggest surprises in the NHL so far and have gone from 150-1 -- grouped with the worst teams in the league -- to 80-1, then 60-1, then back to 100-1 in Stanley Cup odds.

20.islanders logoNew York Islanders (+15000)

New York started its season with 13 games on the road as its new arena is finished, and before the year, we highlighted that there might be a buy-low opportunity. Well, if you believe, that opportunity is now.

PointsBet dropped the Isles from the 20-1 range to 70-1 in mid-December after they picked up just 22 points in 26 games to start the year. They're playing better, but are basically drawing dead to make the postseason with the top eight teams in the Eastern Conference so far ahead.

21. Canucks logoVancouver Canucks (+15000)

The Canucks were the worst even-strength team in the league last season, so it’s not surprising that a lot of models project them to be among the worst teams in the league again. But since firing coach Travis Green, the Canucks have been much better, but are still a longshot to make the playoffs.

22. Sharks logoSan Jose Sharks (+35000)

The Sharks played well down the stretch last season, and even as the core ages, it’s not hard to imagine San Jose making the playoffs in a bad division. They don’t want to rebuild, so this is a big year for the franchise.

23. Blue Jackets logoColumbus Blue Jackets (+35000)

The Jackets are undergoing a shakeup, moving Seth Jones and Cam Atkinson this summer. Perhaps the most notable move was bringing back executive John Davidson, who built the team that made the postseason four straight years, after he was fired by the Rangers.

So far, it hasn't been a bad season, but Columbus's defense is starting to fall apart.

24. Blackhawks logoChicago Blackhawks (+50000)

The Blackhawks started the year in rough shape but have rebounded a little bit. Still, they're way outside Stanley Cup contention.

25. Red Wings logoDetroit Red Wings (+50000)

Detroit has things moving in the right direction under Steve Yzerman, and have been one of the bigger surprises so far.

26. Devils logoNew Jersey Devils (+100000)

The Devils had quite possibly the best offseason in the NHL. They added Dougie Hamilton and Ryan Graves to the blue line, Tomas Tatar up front, and should get improved play from their young core, led by Jack Hughes.

But things haven't panned out yet as the Devils are basically out of the playoff race.

27. Kraken logoSeattle Kraken (+350000)

A lot of models liked the Kraken this offseason, but the goaltending has been so bad its prevented them from building any momentum. The Kraken are cooked, down to 3,500-1 to win the Cup.

The Kraken had 50-1 Stanley Cup odds to start the season.

28. Senators logoOttawa Senators (+500000)

The Senators take the brunt of plenty of jokes on Hockey Twitter, but there’s some interesting talent here. It’s a team to bet on as a 3-1 underdog on the road on a game-by-game basis, probably not to win the Stanley Cup. Track NHL odds here or in The Action Network app.

29. flyers logoPhiladelphia Flyers (+500000)

The Flyers overachieved a bit last season despite disastrous goaltending from starter Carter Hart — seriously, an .877 save percentage and 3.67 goals against.

They did bring in Ryan Ellis and Cam Atkinson to shake things up, but it hasn't worked, and coach Alain Vigneault is out.

30. Canadiens logoMontreal Canadiens (+500000)

The Habs have rebounded a bit with Martin St. Louis as their coach but they're far out of playoff contention. A year after reaching the Stanley Cup Final, this team is now rebuilding a bit.

31. Sabres logoBuffalo Sabres (+500000)

The Sabres finally offloaded disgruntled captain Jack Eichel to Vegas, and are basically starting over at this point. But they're shown some promise in the last month, winning a few games as a huge underdog.

32. Coyotes logoArizona Coyotes (+500000)

The Coyotes are clearly the worst team in the league but now have company at 5000-1, at least.

Futures Odds of the Past Five Stanley Cup Champions

Year

Team

Pre-season Odds

Regular Season Odds Playoff Odds

Nov. 1

Dec. 1

Jan. 1

All-Star Break Odds

Mar. 1

Round One 

Conf. Semis

Conf. Finals

Stanley Cup Finals

2020-21 lightning logo +900 COVID +800 +650 +750 +500 +160 -280
2019-20 lightning logo +675 +850 +875 +1250 +750 +575 +650 +450 +160 -180
2018-19 blues logo +3000 +3750 +6600 +8000 +10000 +1850 +1250 +460 +350 +140
2017-18 capitals logo +1125 +2000 +2500 +1800 +1475 +1600 +1225 +725 +505 +133
2016-17 penguins logo +1100 +900 +950 +1000 +1000 +900 +770 +420 +142 -165

Stanley Cup Winners Since 2000

2000 New Jersey Devils
2001 Colorado Avalanche
2002 Detroit Red Wings
2003 New Jersey Devils
2004 Tampa Bay Lightning
2005
No season
2006 Carolina Hurricanes
2007 Anaheim Ducks
2008 Detroit Red Wings
2009 Pittsburgh Penguins
2010 Chicago Blackhawks
2011 Boston Bruins
2012 Los Angeles Kings
2013 Chicago Blackhawks
2014 Los Angeles Kings
2015 Chicago Blackhawks
2016 Pittsburgh Penguins
2017 Pittsburgh Penguins
2018 Washington Capitals
2019 St. Louis Blues
2020 Tampa Bay Lightning
2021 Tampa Bay Lightning

Compare Stanley Cup Odds

Below are the best prices for the NHL futures from a wide range of U.S. Sportsbooks. BetMGM has the best odds on many of the favorites, but DraftKings Sportsbook has a few advantageous lines in the mid-tier, especially.

Pointsbet offers the best odds so far with +600 for the Colorado Avalanche to win the Stanley Cup. The Florida Panthers have been the biggest surprise to sports bettors with their odds currently at +900 with their incredible start to the season.

FUTURESConsensusCons.
Colorado AvalancheAvalanche
+2300
+135
N/A
+130
N/A
+2300
+140
Tampa Bay LightningLightning
+250
+250
N/A
+260
N/A
+250
+250
Carolina HurricanesHurricanes
+600
+600
N/A
+600
N/A
+600
+800
Edmonton OilersOilers
+650
+650
N/A
+650
N/A
+750
+600
Toronto Maple LeafsMaple Leafs
+1200
+900
N/A
-10000
N/A
+1500
+1200
New York RangersRangers
+1200
+1200
N/A
+1200
N/A
+1200
+1200
Calgary FlamesFlames
+2200
+2500
N/A
+2500
N/A
+2400
+2200
Boston BruinsBruins
+2300
+1700
N/A
-10000
N/A
+6000
+2300
Florida PanthersPanthers
+3000
+500
N/A
-10000
N/A
+10000
+3500
St. Louis BluesBlues
+3200
+3000
N/A
+6000
N/A
+3200
+3500
Pittsburgh PenguinsPenguins
+3200
+2100
N/A
-10000
N/A
+1700
+3200
Minnesota WildWild
+3500
+1800
N/A
-10000
N/A
+8500
+3500
Dallas StarsStars
+5500
+5000
N/A
-10000
N/A
+2400
+5500
Los Angeles KingsKings
+7500
+6000
N/A
-10000
N/A
+7500
+7500
Washington CapitalsCapitals
+10000
+3500
N/A
-10000
N/A
+7000
+10000
Nashville PredatorsPredators
+50000
+4500
N/A
-10000
N/A
+30000
+50000
Detroit Red WingsRed Wings
+150000
+50000
N/A
-10000
N/A
+50000
+150000
Vancouver CanucksCanucks
+200000
+30000
N/A
-10000
N/A
+50000
+200000
Vegas Golden KnightsGolden Knights
+200000
+6600
N/A
-10000
N/A
+20000
+200000
New York IslandersIslanders
+200000
+50000
N/A
-10000
N/A
+50000
+200000
Buffalo SabresSabres
+250000
+100000
N/A
-10000
N/A
+50000
+250000
Winnipeg JetsJets
+300000
+100000
N/A
-10000
N/A
+50000
+300000
Chicago BlackhawksBlackhawks
+400000
+50000
N/A
-10000
N/A
+50000
+400000
Arizona CoyotesCoyotes
+500000
+500000
N/A
-10000
N/A
+50000
+500000
Philadelphia FlyersFlyers
+500000
+500000
N/A
-10000
N/A
+50000
+500000
New Jersey DevilsDevils
+500000
+100000
N/A
-10000
N/A
+50000
+500000
San Jose SharksSharks
+500000
+50000
N/A
-10000
N/A
+50000
+500000
Anaheim DucksDucks
+500000
+50000
N/A
-10000
N/A
+50000
+500000
Columbus Blue JacketsBlue Jackets
+500000
+50000
N/A
-10000
N/A
+50000
+500000
Ottawa SenatorsSenators
+500000
+100000
N/A
-10000
N/A
+50000
+500000
Seattle KrakenSeattle Kraken
+500000
+300000
N/A
-10000
N/A
+50000
+500000
Montreal CanadiensCanadiens
+750000
+500000
N/A
-100000
N/A
+50000
+750000

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