The Tampa Bay Lightning were victorious in the 2019-20 Stanley Cup Playoffs, outplaying and outlasting an expanded playoff field in the bubble cities of Toronto and Edmonton. Fresh off the franchise’s second Stanley Cup victory, the Lightning were third by the betting odds at most of the top US sportsbooks to raise the Stanley Cup again in 2021 when futures were initially posted. As of April 13, the Lightning had the second lowest odds to win it all at DraftKings Sportsbook. The Colorado Avalanche remained favorites at DK, sitting at +350. NHL playoffs odds for each game will be posted soon at top US sportsbooks and we will provide live lines here below.
The Stanley Cup Playoffs are expected to begin in mid-May, though no exact day has been set. The NHL regular season was recently extended to May 16 due to COVID-19 postponements.
NHL Playoffs odds: Futures
Here are NHL Playoffs odds for the 2021 season.
Who is favored to win the 2021 Stanley Cup?
The Avalanche opened as betting favorites to win the 2021 Stanley Cup at both DraftKings Sportsbook and FanDuel Sportsbook. As of April 13, the Avalanche were +350, the Lightning were +500, the Maple Leafs were +700 and the Golden Knights were +800 to raise the Cup this summer.
NHL playoffs odds and betting trends
There have been just seven different Stanley Cup winners since 2009 with the Blackhawks winning thrice, the Penguins winning three times and Kings winning twice.
Of the 10 teams to win the Cup since the 2004-05 lockout, only the Hurricanes (2005-06) and Blues (2018-19) have won after missing the playoffs the previous season.
NHL playoffs odds: How to bet the Stanley Cup Playoffs
NHL playoffs odds and futures lines have been adjusted throughout the year after opening last offseason. Odds have risen and fallen to reflect the standings as underdogs and favorites change place amid losing and winning streaks.
The odds to win the Stanley Cup are always the main draw.
As mentioned above, the Avalanche were the favorites to win the Cup just prior to the start of the 2021 NHL season. Colorado was +700 at DK. If you got the Avs at that price in January, and Colorado pulls it off this summer, you would get a profit of $700 on a $100 bet. If you wagered $10 at that price for the Avs, you would net $70.
Game lines will include over/unders for goal totals typically ranging from 5 to 6,.5 with odds typically from -120 to +120 on either side. A spread or puck line of +/- 1.5 will handicap the favorites by asking if they’ll win by 1 or more goals. Odds are commonly set at -110 for both teams, whereas a moneyline could price the favorites at a much chalkier -250 with an underdog at +200 or higher to win the game outright.
Player props will be released closer to the beginning of the postseason. These will include a pool of contenders to win the Conn Smythe Trophy as MVP of the playoffs. Odds can range from +100 to +10000 and will reflect both a player’s point production and abilities, and the chances of his team winning the Stanley Cup. Game props will ask simple Yes/No questions such as whether they’ll score a goal or be expressed as an over/under line for how many shots on goal they’ll register or saves a goalie will make.