Stanley Cup Odds

Ontario sports bettors are able to place bets on the NHL Stanley Cup at commercial online sportsbooks and Proline+. Previously, Canadian residents only had the ability to place parlay wagers. New markets have opened up to residents, which results in a lot more options to bet on. If you have questions about how to bet on the Stanley Cup or available odds, you have come to the right place!

The 2022 Stanley Cup Playoffs feature 16 teams through four rounds of action. Each round consists of a best-of-7 series format for competitors. The Eastern and Western Conference is divided up and the representative of each conference meet up in the Stanley Cup Final.

Current Stanley Cup Odds

Here are the current top favorites to win the upcoming Stanley Cup. This box lists the best odds for the outright winner for all eligible teams. The Toronto Maple Leafs are always a strong contender each year to win the championship, so they’ll be higher on the list.

 

How do odds for the outright champion work out? Let’s say the Toronto Maple Leafs are listed at +1200 odds to win the trophy. If you placed a $100 bet at those odds, you would win $1,200 if the Maple Leafs hoist the Stanley Cup at the end of the season.

Odds are also available for other types of postseason results. Frequently, sportsbooks will feature odds for teams to win their respective conference or division. There are also odds for simply making the postseason or not.

Where Can I Bet On The Stanley Cup Online?

Currently, Ontario residents can place bets at online sportsbooks like DraftKings, BetMGM, and Caesars. These platforms allow users to place bets on NHL games, which include spread, moneyline, total, prop, and live bets.

Many of these sportsbooks default to decimal odds for betting. This type of betting looks a lot different than other forms. All odds will have a value greater than 1. The betting favorites have betting odds greater than 1.00 and less than 2.00. A bet with odds higher than 2.00 indicates the underdog. 

For example, if the Maple Leafs had moneyline odds of 1.57 vs the Los Angeles Kings, they would have American odds of -175. 

How To Place Online Stanley Cup Bets?

You can individually select wagers on a game-by-game basis each night. These options include who is going to win on the moneyline or puckline, team totals, which team will score the first goal, score prediction, and much more. There are also futures available to select who is going to win a particular conference or the outright Stanley Cup champion.

Registering for an online sportsbook account is very easy. For example, on Proline+, you click on the sign-up button in the top right of the homepage. After that, you enter your email address and fill out the rest of your info. This includes your name, username, password, and security questions.

Next, you input your address, phone number, and date of birth. On the next screen, you can sign-up for promotional offers and emails as well as your language preference. You will then finish your registration by agreeing to the terms and conditions.

Once registered and logged in, you can add funds to your account. To add funds you will click on the ‘My Balance’ icon in the top right corner. On the next screen, you can choose to deposit funds. Proline+ accepts deposits through credit and debit cards as well as INTERAC Online.

To place a bet on an NHL game, you will click on the three-line menu icon in the top right corner. Next, you will click on ‘A-Z Sports’ and select the NHL button. From there you will see a list of live and upcoming NHL games.

Once you find the game you want, you click on it and the page will redirect to the various betting options for that game. They have the puckline, total, moneyline, and a variety of other bets. Then you click on the bet you want and open up the betslip menu on the bottom of the page. You will enter the amount you want to wager and then place the bet.

How Stanley Cup Odds Are Calculated

Before the season, oddsmakers take a variety of factors into account when determining Stanley Cup odds. One of those factors includes team performance from last season. A team that finished with a poor record in the previous season will more than likely open the season with low odds to win the Stanley Cup. On the other side, a team with a strong performance in the previous season will usually open with good odds to hoist the Cup.

Another factor includes what that team did in the offseason. If a contending team loses key pieces to free agency, then they will not have great odds as they did not improve or keep their team intact.

The Tampa Bay Lightning are consistent contenders to win the championship. So oddsmakers tend to give them favorable odds to win the Stanley Cup at. Signing marquee free agents and making trades to improve your team will boost your championship odds while subtracting talent will see a team’s odds drop.

Throughout the NHL season, a team’s odds will fluctuate. The better a team performs, the higher its odds will rise. If a team plays poorly, then their odds will drop. The Seattle Kraken opened their inaugural season in 2021-22 with +4800 to win the Stanley Cup, but their odds dropped to +13000 after a poor start to the season. 

The Calgary Flames opened the 2021-22 season with +4800 odds to win the Stanley Cup but saw their odds improve to +2000 just 20 games into the season following a strong start. If you placed $10 on the Flames to win the Stanley Cup before the season at +4800, you would profit $480 if they go on to win.

However, if you waited until 20 games into the season to place that bet at +2000, you would only profit $200. Placing a bet before the season offers better value, but it does come with more risk. That team may suffer injuries or may underperform which might knock them out of the Stanley Cup Playoffs.

NHL Stanley Cup Odds And Betting

Users can place bets on the moneyline, puckline, total, and various game prop bets. Some of these props include the time of the first goal, how much a team will win, the final score of the game, and other props. Bettors also have the option to bet on period props such as which team will lead after the first period and how many goals the two teams will combine for.

What Is An NHL Futures Bet?

A futures bet happens when you make a bet on a prop that will not convey until later in the season. For the NHL, users can make bets on who they think will win the Stanley Cup, each conference, division, and any individual awards. You can make these bets at any time, but you will get better odds the sooner you make the bet.

Let’s say the Toronto Maple Leafs opened with +1000 odds to win the Stanley Cup. They went on a run to win a lot of games toward the end of the season. Oddsmakers may set those odds to +500 if they’re in a position to win their division and finish at the top of the Eastern Conference.

What Is A Stanley Cup Prop Bet?

Stanley Cup prop bets include single-game player and team props as well as series-long prop bets. In terms of single-game betting, users can place bets on what players will score goals and which team will score first, just to name a couple. Series-long prop bets include the number of games it will take a team to win the series as well as who will win the Conn Smythe Award.

Strategies For Stanley Cup Betting

Stanley Cup and NHL games typically have lopsided betting odds. Moneyline odds will not offer great value, and the puckline almost always sits at -1.5 for one team. These types of bets have trickier odds than other sports. Betting the total does offer great opportunities. Most totals hover around 5.5 and 6 goals.

If you look at the stats and see two teams match up with low goals-against averages and solid goaltenders, then the under would make a great bet. A team prone to committing penalties against a solid powerplay scoring team could also indicate an over bet. Betting the total number of goals provides better value than picking a team to win outright or through the spread.

Betting Odds For The Stanley Cup FAQ

Is betting on the Stanley Cup legal in Ontario?

Yes, people 19 years or older can place single-game wagers on the Stanley Cup and NHL through online sportsbooks. Limitations for all forms of gambling in Ontario are at 19 years of age or older. This is different based on the province’s legal rules. Some locations allow younger people to place wagers on sports, but only Ontario has a regulated igaming industry in Canada.

Where can I bet on the Stanley Cup online?

All Stanley Cup individual playoff games and futures bets are now available on platforms like BetMGM and PointsBet. Essentially all sportsbook platforms regulated by the Ontario government will feature NHL playoff odds. Specific types of markets, including team and player props, or single-game parlay options, will differ.

How old do I need to be to bet on the Stanley Cup online?

You need to be 19 years or older to place bets online in Ontario. This is specific to the province. Other places in Canada have different age requirements for sports betting.

Is it safe to place a Stanley Cup bet online?

Yes, it is safe to place bets through legalized online sportsbooks that have obtained a gaming license from the Alcohol and Gaming Commission of Ontario (AGCO). In order to operate within the province, they must also have a commercial agreement with iGaming Ontario (iGO). As long as the operator has approval from these two entities, then the platform is completely safe to gamble with in Ontario.

Do online sportsbooks offer live betting during the Stanley Cup?

Yes, users can place bets during the Stanley Cup playoffs and individual games played. During a game, simply log into a sportsbook like BetMGM and BetRivers that features live betting. They will have various markets available to bet on, but these selections need to be quick. They are rapidly changing during the game.

What kind of prop bets are there for the Stanley Cup?

Users can make player, team, game, and series-long prop bets for the Stanley Cup. This includes how many goals a team or player will score, the time of the first goal, and the Conn Smythe award winner to name a few. Options will vary based on the sportsbook selected. These aren’t universal bets that can be made on any platform.

Can I bet on events happening off the ice?

All the Stanley Cup prop bets involve the actual games themselves. The Stanley Cup does not offer any extracurricular prop bets like the Super Bowl offers. This includes all the playoff games in various rounds and the Stanley Cup Final itself.

Who is the current Stanley Cup odds favorite?

Check the beginning of this Stanley Cup page to see who is the current favorite to win the NHL championship. Generally, we’ve seen the Toronto Maple Leafs always be one of the favorites to win it all with strong teams.

When is the Stanley Cup?

Prior to COVID, the NHL Stanley Cup Playoffs usually began in the second week of April and carried through into the month of June. Beginning with the 2021-22 season, this has generally returned to the same schedule. If the NHL takes a break and allows players to compete in the Winter Olympics, the playoffs can start up later.

About the Author

Chris Wilson

Chris Wilson is a freelance writer for Toronto Sports Media. Chris resides in Massachusetts and writes about the sports betting industry as well as sports like football and baseball.