Pittsburgh Penguins Odds

Pittsburgh Penguins Odds & Betting Guide: 2026-27 Season

The Penguins went 41-25-16 for 98 points last season, finished second in the Metropolitan Division and reached the Stanley Cup Playoffs for the first time since 2021-22. First-year coach Dan Muse pushed a veteran roster to the NHL's second-highest-scoring offense and earned a Jack Adams finalist nod for it. Pittsburgh then drew Philadelphia in the first round, fell behind 3-0, rallied to within a game, and lost Game 6 in overtime. Muse enters his second season with the same mandate Kyle Dubas handed him as president of hockey operations and general manager: squeeze another run out of an aging core while laying track for what comes after it. You can track where the market sets Pittsburgh against the field on the live NHL odds board.

That core still runs through Sidney Crosby at 39, Evgeni Malkin, Kris Letang and Erik Karlsson, who was the team's points leader among defensemen and its MVP a year ago. The window is narrow, and the roster turned over around the edges. Pittsburgh lost its leading goal scorer in Anthony Mantha to New Jersey and its best penalty killer in Noel Acciari to Philadelphia, and shed Kevin Hayes, Parker Wotherspoon, Connor Clifton and Ryan Shea. Dubas replaced them with Andrei Kuzmenko, Nick Robertson, Trevor van Riemsdyk, Kaedan Korczak and Hendrix Lapierre, a mix built more for depth and cap flexibility than for a clear talent upgrade.

Goaltending is the question that hangs over every Penguins market this season. Dubas traded Tristan Jarry to Edmonton in December for Stuart Skinner, then let Skinner walk to Winnipeg in free agency. That leaves Arturs Silovs, re-signed to a one-year deal, as the 1A, with 22-year-old rookie Sergei Murashov behind him and a real chance to take the net outright by midseason. An unsettled crease means wider swings on game-day lines than a team with a locked-in starter carries, and it caps how aggressively books will price Pittsburgh as a favorite.

For bettors, that backdrop frames the whole season. Books set the Penguins well short of contention and near the playoff bubble, so the live markets worth watching are the point total, the division and wild-card races, and the nightly moneyline once the starting goalie is known.

Eastern Conference and Metropolitan Division context

The NHL playoff field takes the top three teams in each division plus two wild cards per conference, and the first two rounds are bracketed by division. Division games make up 28 of Pittsburgh's 84 games, so the Metropolitan standings carry more weight for a bubble team than any other slice of the schedule. The Penguins are chasing a top-three finish and hedging against the wild-card line all at once.

Carolina sits at the top of the division after winning the Stanley Cup last June, and the market treats the Carolina Hurricanes as the clear Metropolitan favorite. The Washington Capitals and New Jersey Devils carry the next-highest point totals in the division, while the Columbus Blue Jackets drew one of the league's bigger preseason bumps and crowd the same tier as Pittsburgh. The New York Islanders sit just below that group, the New York Rangers are a bounce-back bet after finishing last in the Metro, and the Philadelphia Flyers are the team that ended Pittsburgh's season and open it again this year. Four of those seven realistically fight for the final two or three Metropolitan spots, which is exactly the race a Penguins backer is buying into.

Penguins 2026-27 point total

The season point total is the NHL's version of a win total and the most-bet team-level number before puck drop. Books set the Penguins near 89.5, with both the over and the under priced around -115. That sits below last season's 98 points but above where Pittsburgh's opening number landed a year ago, and part of the lift is structural: 2026-27 is the first 84-game season since 1993-94, so every team plays two extra games and raw point totals run higher than the 82-game baselines bettors remember. Compare the Penguins' per-game pace rather than the raw total when you weigh this number against prior years.

Why Penguins totals move: Pittsburgh reached overtime or a shootout 16 times in losses last season, one of the highest counts in the league. Those loser points padded the standings, and shootout results in particular are close to random year to year. A team that banks that many three-point games tends to regress toward even, which is the case for the under if you think last year's point total overstated the roster.

Penguins 2026-27 futures odds

Pittsburgh is a longshot on the Stanley Cup futures board, priced around +6500 to +7500, and sits in the +3000 to +4000 range to win the Eastern Conference depending on the book. Neither number treats the Penguins as a contender, and the division price slots them behind Carolina and Washington. On the awards board, Karlsson is a deep longshot Norris name if his point pace holds. The team's only real rookie-eligible candidate is Murashov, and the Calder rules plus his likely 1B workload behind Silovs both work against the price: a goalie splitting starts rarely logs the games voters reward, and the same math drags on any Vezina look for the tandem. New accounts shopping those long prices can compare them against a BetMGM bonus code before locking a ticket.

Betting Penguins puck lines

The NHL's version of the point spread is the puck line. Books set it at 1.5 goals in nearly every game and adjust the price instead of the number.

Penguins -1.5 (+165) / Rangers +1.5 (-200)

Pittsburgh covers by winning by two or more goals. The Rangers cover by winning outright or losing by one. The half-goal means neither side can push. So many NHL games finish within one goal that the favorite usually pays plus money on the puck line, while the underdog costs a steep price. A winning $100 bet on Pittsburgh -1.5 at +165 returns $265: the $100 stake plus $165 in profit. Backing the Rangers +1.5 at -200 means risking $200 to win $100. Late in close games, the trailing team pulls its goalie for an extra skater, and an empty-net goal is often what turns a one-goal win into a puck line cover. You can see how the Penguins have fared against the number on the puck line standings.

Betting Penguins totals

Books set a total for the combined goals both teams score, then let bettors take a side. Say books post Penguins vs. Capitals at 6.5, with the over at +105 and the under at -125. The over cashes on seven or more goals, the under on six or fewer, and a half-goal total cannot push. NHL totals sit in a narrow band, mostly 5.5 to 6.5, so books move the juice far more often than the number. Overtime goals count toward the total, and most books add one goal to the winner's score for a shootout win, so check the book's rules. Pittsburgh ran the NHL's second-best offense last season, which keeps the over live in its higher-tempo matchups, though the goaltending downgrade cuts the other way. For a primer on the market, see how totals work, and lean on the NHL picks when you want a side.

Betting the Penguins moneyline

The moneyline asks one question: who wins. At most books it includes overtime and the shootout.

Penguins -160 / Capitals +135

Minus marks the favorite, plus the underdog. At -160 you risk $160 to win $100. At +135 you risk $100 to win $135. Converting to implied probability makes the pricing clearer. The -160 favorite implies 61.5%. The +135 underdog implies 42.6%. Those sum to 104.1%, not 100%. The extra 4.1 points are the book's margin, and the book collects it whichever side wins.

One thing worth getting straight: a short price is not automatically a bad bet. Bettors call heavy favorites bad value out of habit, but if the Penguins win this matchup 65% of the time, -160 is a price worth taking, because it only implies 61.5%. Value is the gap between real probability and priced probability, and the size of the number tells you nothing on its own. When one side carries heavier juice than the other, that tells you where money is landing, not which side is correct. If Pittsburgh drifts from -160 to -185, bettors backed the Penguins and the book adjusted its exposure. Books also post a regulation line, sometimes called the three-way or 60-minute line, which adds a tie after regulation as a third outcome, so both teams pay longer prices and a bet on Pittsburgh in regulation loses if the game goes to overtime. The overtime and shootout betting rules spell out how each book grades these.

The Penguins angle: The starting goalie moves NHL lines more than any other input, and that is doubly true for a team running a Silovs-Murashov tandem with no settled No. 1. Books often wait for the morning-skate confirmation before finishing the moneyline, and a backup in net can shift both the price and the total. Pair that with the schedule: Pittsburgh plays a brutal six-game Western road trip in February through Edmonton, Seattle, Vancouver, Calgary, Winnipeg and Minnesota, opens the season with a four-game trip that stacks altitude games at Colorado and Utah on a back-to-back, and runs 11 back-to-backs in all, five of them fully on the road. Rested opponents catching Pittsburgh on the second night, with a tired defense in front of a rookie goalie, are the spots the market leans against the Penguins.

Penguins player props

A player prop prices one player's production in one game. Crosby shots on goal at 3.5 (over -120, under +100) needs four shots for the over and three or fewer for the under. Anytime goal scorer is the other high-volume NHL prop: at +180, Bryan Rust scoring implies 35.7%, with overtime goals counting at most books and shootout goals not. NHL props follow ice time and deployment, so a player promoted to the top line or the first power-play unit draws more chances, and books adjust when combinations change. Kuzmenko's and Robertson's roles are worth watching early for that reason. Goalie save props depend on who actually starts, so check the confirmed starters and injuries and the full NHL player props board before betting, and read the book's rules for a player who does not dress, because they differ.

Penguins public betting splits

The Penguins are one of the league's brand-premium teams, which means they draw recreational ticket volume regardless of matchup. That is exactly where ticket share and money share separate, and the gap is the useful part. In the Sept. 30 opener at Philadelphia, the over drew about 52% of tickets but closer to 57% of the money, a sign the larger bets leaned over while the ticket count stayed split. When a side pulls a big majority of tickets and a much smaller share of the dollars, the bigger wagers sit on the other side, and that tension is what the betting splits are built to show. Read it next to the juice: when a total's price moves against the popular ticket side, the money is telling you something the ticket count isn't.

Prediction markets

Prediction markets list Pittsburgh's season as tradable contracts rather than fixed-odds bets, with Stanley Cup and other outcomes priced as positions that settle at 100 or zero. The pricing reads as a percentage, and you can enter or exit a position before the event resolves rather than holding a single ticket to the end. Traders opening an account can check the Kalshi promo code before taking a position on the Penguins market.