2022 Stanley Cup Odds Tracker: Penguins, Predators Make Big Moves After Hot Streaks Image

2022 Stanley Cup Odds Tracker: Penguins, Predators Make Big Moves After Hot Streaks

The Penguins and Predators have both been on tears for the last few weeks and the Stanley Cup market is starting to take notice.

Steve Petrella
Steve Petrella
Dec 21, 2021, 12:20 PM EDT

2022 Stanley Cup Winner Odds

Stanley Cup odds via Pointsbet, updated Jan. 13. Confused? Learn more about American odds here.

Team Odds
Colorado Avalanche +500
Vegas Golden Knights +650
Tampa Bay Lightning +650
Florida Panthers +900
Toronto Maple Leafs +900
Carolina Hurricanes +1400
Minnesota Wild +1600
Washington Capitals +1600
Boston Bruins +1600
Pittsburgh Penguins +1600
Calgary Flames +2000
St. Louis Blues +2200
Edmonton Oilers +2500
New York Rangers +2500
Nashville Predators +4000
Anaheim Ducks +4500
Winnipeg Jets +5000
Dallas Stars +5000
Vancouver Canucks +5000
New York Islanders +9000
Los Angeles Kings +20000
San Jose Sharks +20000
New Jersey Devils +25000
Philadelphia Flyers +25000
Columbus Blue Jackets +25000
Detroit Red Wings +50000
Seattle Kraken +50000
Chicago Blackhawks +50000
Buffalo Sabres +100000
Ottawa Senators +100000
Montreal Canadiens +100000
Arizona Coyotes +100000

The favorites remain the same at the top of the Stanley Cup odds board, but two teams in particular has made a big move over the last month.

The Pittsburgh Penguins got as high as +3000 in late November after a slow start, but have been red-hot since. They've won nine of their last 10 to pull within three points of the Metro Division lead.

The Nashville Predators are another team in good form that's starting to get some respect. The Preds lead the Central Division in mid-January, which no one expected before the season.

The only team to work its way out of the doldrums to somewhat-serious contender is the Anaheim Ducks, who opened at +10000 and are down to +4500. They're second in the Pacific Division behind Vegas as of Jan. 13.

All that upward movement means some teams have fallen down the board, too. The New York Islanders plummeted from +2000 before the season to +9000 after a horrible start that featured 13 straight road games and COVID issues. The Philadelphia Flyers fell all the way from +3300 to +25000, too.

Keep in mind that odds movement at the top of the board is often more significant in terms of probability than movement at the bottom. The Lightning dropping from +600 to +800 is about the same change in probability as the Flames moving from +4000 to +1800.

Here’s a visualization for how Stanley Cup odds have moved so far this season:

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.

Who Is the Stanley Cup Favorite?

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

1.Colorado Avalanche Logo Colorado Avalanche (+500)

The Avs struggled to start the 2021-2022 season, but have remained the Stanley Cup favorite throughout. They're now starting to remind everyone why. Colorado leads the league in goals per game and while they're still fourth in the Central Division, they've got games in hand and are just a few points back.

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. This season they've gotten off to a slow start, but are starting to pick it up.

2. Tampa Bay Lightning LogoTampa Bay Lightning (+650)

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 first in the Atlantic Division now, albeit with a few games in hand.

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.Knights LogoVegas Golden Knights (+650)

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. 

Still, Vegas has rebounded from a rough start and is now tied for the second betting choice to win the Stanley Cup. They lead the Pacific Division as of Jan. 3.

4.Panthers logoFlorida Panthers (+900)

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. They're jockeying with Tampa and Toronto 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.

5.Maple leafs logoToronto Maple Leafs (+900)

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 first round since 2004. They’ve blown big series leads, and the defense has let them down at times.

Toronto has been great to start the 2021-22 NHL season, right at the top of the Atlantic Division with Tampa and Florida. They've moved from +1200 to win the Cup a month ago to +900.

6.hurricanes logoCarolina Hurricanes (+1400)

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 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.

7.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.

Sidney Crosby and Evgeni Malkin are getting older, and they haven’t been able to develop many high-level players below them. The goaltending has been a rollercoaster in the last five years, as well. There’s still plenty to like about this team, but father time comes for everyone, and an NHL playoff appearance isn’t a guarantee at this point.

8. Washington capitals logoWashington Capitals (+1600)

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 top 5 in goal differential and tied with Carolina for the Metro Division lead.

9.Bruins logoBoston Bruins (+1600)

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, but the offense hasn't quite clicked so far this regular season.

10.Minnesota Wild logoMinnesota Wild (+1800)

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. They're just three points back of the Central lead.

11. Flames logoCalgary Flames (+2000)

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.

12. blues logoSt. Louis Blues (+2200)

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 2.5 months.

13.Oilers logoEdmonton Oilers (+2500)

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 a bit. They got as high as +1300 to win the Stanley Cup and now sit at +2500.

14.rangers logoNew York Rangers (+2500)

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.

15. Predators logoNashville Predators (+5000)

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 it’s unlikely this team has Stanley Cup dreams as it’s constructed now, but there is a future worth betting on this team.

16. Ducks logoAnaheim Ducks (+4500)

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, now 40-1. They're right there with Vegas in the Pacific Division.

17. Winnipeg Jets logoWinnipeg Jets (+5000)

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.

18. stars logoDallas Stars (+5000)

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. 

19. Canucks logoVancouver Canucks (+5000)

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 and are 8-1-1 over their last 10.

20.islanders logoNew York Islanders (+9000)

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 still dropped to 90-1 because they have a big hill to climb to get in the postseason.

21. LA Kings logoLos Angeles Kings (+20000)

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.

22. Sharks logoSan Jose Sharks (+20000)

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. Devils logoNew Jersey Devils (+25000)

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. NJ has just 33 points in 31 games, down with the Islanders at the bottom of the Metro.

24. Blue Jackets logoColumbus Blue Jackets (+20000)

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. Columbus is ahead of the Devils and Islanders in the Metro.

25. flyers logoPhiladelphia Flyers (+25000)

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. They've fallen from around 33-1 to 250-1.

26. Kraken logoSeattle Kraken (+50000)

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 pretty much cooked in their first season, down to 500-1.

I’ll let my colleague Mike Leboff explain why the Kraken had 50-1 odds to win the Cup, to start the season, and not 100-1, as the league’s newest team.

27. 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. The Red Wings sit fifth in a loaded Atlantic Division.

28. 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.

29. Canadiens logoMontreal Canadiens (+100000)

The Habs are down to 1000-1 and look like one of the worst teams in the league. They have 18 points in 34 games, and the second-worst goal differential in the league behind only Arizona.

30. Senators logoOttawa Senators (+100000)

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.

31. Sabres logoBuffalo Sabres (+100000)

The Sabres finally offloaded disgruntled captain Jack Eichel, and are basically starting over at this point.

32. Coyotes logoArizona Coyotes (+100000)

The Coyotes are clearly the worst team in the league but now have company at 1000-1, 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

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
+500
+475ML
N/A
+550ML
N/A
+500ML
+500ML
Tampa Bay LightningLightning
+700
+750ML
N/A
+700ML
N/A
+700ML
+700ML
Vegas Golden KnightsGolden Knights
+750
+750ML
N/A
+750ML
N/A
+800ML
+700ML
Toronto Maple LeafsMaple Leafs
+800
+800ML
N/A
+1200ML
N/A
+1000ML
+800ML
Florida PanthersPanthers
+900
+800ML
N/A
+2200ML
N/A
+1000ML
+900ML
Carolina HurricanesHurricanes
+1100
+1200ML
N/A
+1800ML
N/A
+1000ML
+1100ML
Washington CapitalsCapitals
+1600
+2000ML
N/A
+2500ML
N/A
+1800ML
+1600ML
Minnesota WildWild
+1600
+2000ML
N/A
+2500ML
N/A
+2200ML
+1600ML
New York RangersRangers
+1700
+2500ML
N/A
+2500ML
N/A
+2200ML
+1700ML
Pittsburgh PenguinsPenguins
+1700
+1700ML
N/A
+2200ML
N/A
+1600ML
+2000ML
Boston BruinsBruins
+1800
+1800ML
N/A
+1400ML
N/A
+1800ML
+2000ML
St. Louis BluesBlues
+2000
+2200ML
N/A
+4000ML
N/A
+2500ML
+2000ML
Calgary FlamesFlames
+2200
+2500ML
N/A
+4000ML
N/A
+2500ML
+1700ML
Nashville PredatorsPredators
+2500
+2500ML
N/A
+6000ML
N/A
+2500ML
+2700ML
Edmonton OilersOilers
+3000
+3500ML
N/A
+2500ML
N/A
+4800ML
+3000ML
Los Angeles KingsKings
+4000
+6600ML
N/A
+8000ML
N/A
+7000ML
+4000ML
Winnipeg JetsJets
+4800
+4500ML
N/A
+4000ML
N/A
+4800ML
+5000ML
Dallas StarsStars
+4800
+4500ML
N/A
+3000ML
N/A
+4800ML
+5000ML
Anaheim DucksDucks
+5000
+5500ML
N/A
+15000ML
N/A
+7000ML
+5000ML
New York IslandersIslanders
+7000
+6600ML
N/A
+2000ML
N/A
+7000ML
+8000ML
San Jose SharksSharks
+10000
+15000ML
N/A
+8000ML
N/A
+10000ML
+10000ML
Detroit Red WingsRed Wings
+10000
+20000ML
N/A
+20000ML
N/A
+15000ML
+10000ML
Vancouver CanucksCanucks
+10000
+10000ML
N/A
+6000ML
N/A
+8500ML
+10000ML
Philadelphia FlyersFlyers
+15000
+20000ML
N/A
+3000ML
N/A
+20000ML
+15000ML
Columbus Blue JacketsBlue Jackets
+15000
+20000ML
N/A
+12500ML
N/A
+20000ML
+15000ML
New Jersey DevilsDevils
+25000
+30000ML
N/A
+6000ML
N/A
+20000ML
+25000ML
Montreal CanadiensCanadiens
+30000
+100000ML
N/A
+3000ML
N/A
+30000ML
+30000ML
Chicago BlackhawksBlackhawks
+30000
+30000ML
N/A
+5000ML
N/A
+20000ML
+50000ML
Ottawa SenatorsSenators
+50000
+50000ML
N/A
+12500ML
N/A
+30000ML
+50000ML
Buffalo SabresSabres
+50000
+100000ML
N/A
+20000ML
N/A
+30000ML
+50000ML
Arizona CoyotesCoyotes
+100000
+100000ML
N/A
+15000ML
N/A
+30000ML
+500000ML
Seattle KrakenSeattle Kraken
+100000
+100000ML
N/A
+5000ML
N/A
+30000ML
+100000ML

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