Stanley Cup Odds 2021

NHL futures odds and strategy

The 2021 NHL season is tentatively set to begin on or around Jan. 1, 2021 as many details for the season still needing to be worked out. Still, the top US sportsbooks have already posted Stanley Cup odds to win it all this coming season. Below, we’ll look at the betting odds to win the 2021 Stanley Cup, along with tips for betting on NHL games or futures.

The Tampa Bay Lightning, who won the 2019-20 Cup, are third by the betting odds for 2021. The Colorado Avalanche and Vegas Golden Knights are first and second, respectively, following the 2020 NHL Entry Draft and the opening of free agency. Odds range from +750 for the favorites to as high as +30000 for the Detroit Red Wings.

NHL futures odds will continue to be adjusted throughout the build-up to the 2021 season as more details are released. Player movement in free agency or trades, and offseason injuries will also impact odds. Once the season begins, the odds will be adjusted to reflect betting action, the NHL standings, and further roster changes.

2021 Stanley Cup odds

Stanley Cup Winner

Game
(Eastern Time)
(EST)
Colorado Avalanche
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+750
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+750
Vegas Golden Knights
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+800
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+750
Tampa Bay Lightning
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+900
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+950
Boston Bruins
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+1300
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+1200
Philadelphia Flyers
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+1400
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+1400
Toronto Maple Leafs
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+1600
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+1900
St. Louis Blues
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+1700
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+1800
Washington Capitals
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+1700
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+1600
Pittsburgh Penguins
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+1900
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+1600
Carolina Hurricanes
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+2000
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+2300
Dallas Stars
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+2200
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+2000
Edmonton Oilers
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+2300
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+2100
Calgary Flames
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+2400
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+2900
Nashville Predators
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+2700
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+2700
New York Islanders
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+2700
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+2600
New York Rangers
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+2700
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+3000
Florida Panthers
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+3200
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+3300
Vancouver Canucks
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+3500
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+3100
Winnipeg Jets
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+3700
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+3300
Buffalo Sabres
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+4000
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+6000
Columbus Blue Jackets
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+4000
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+3800
San Jose Sharks
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+4500
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+4000
Chicago Blackhawks
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+5000
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+4900
LA Kings
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+5000
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+5500
Montreal Canadiens
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+5000
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+4800
Anaheim Ducks
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+5500
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+6000
Minnesota Wild
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+5500
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+4700
Arizona Coyotes
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+6000
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+5000
New Jersey Devils
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+8500
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+5500
Ottawa Senators
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+17500
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+10000
Detroit Red Wings
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+30000
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+20000

NHL futures report

2021 Stanley Cup odds: Favorites

Colorado Avalanche: The Avalanche are coming off a seven-game loss to the Dallas Stars in the Second Round of the 2019-20 playoffs. They added to the already-elite offense with the trade acquisition of W Brandon Saad and have a stable of top prospects on defense ready to play big roles next year.

Vegas Golden Knights: Vegas is coming off a disappointing Western Conference Final loss in five games to the Stars but has already regrouped in free agency. G Robin Lehner was kept on a five-year deal, and they landed the biggest fish in free agency in D Alex Pietrangelo.

Tampa Bay Lightning: The Lightning haven’t been able to make additions due to cap constraints, but the core remains intact. Captain C Steven Stamkos underwent surgery shortly after the end of the playoffs and is expected to be ready for the next season.

2021 Stanley Cup odds: Contenders

Boston Bruins: The Bruins were beaten in five games by the Lightning in the Second Round in the Toronto bubble after G Tuukka Rask opted out of play. He should return for 2021 as Boston looks for a fifth straight playoff appearance.

Philadelphia Flyers: Philly returned to the Second Round of the playoffs for the first time since 2011-12 and came within a win of the Eastern Conference Final. G Carter Hart remains on a cheap rookie contract and Brian Elliott returns to back him up in 2021.

Toronto Maple Leafs: The Maple Leafs had a disappointing exit from the qualifying round on their home ice of Scotiabank Arena in the fan-less Toronto bubble. They’ve added quality defenders in T.J. Brodie and Zach Bogosian, as they’ll look to improve on a plus-11 goal differential.

St. Louis Blues: The reigning Stanley Cup champion Blues were knocked out of the First Round in six games by the Vancouver Canucks in the Edmonton bubble. D Torey Krug was signed to help replace the loss of Pietrangelo. RW Vladimir Tarasenko underwent shoulder surgery after playing just four games in the bubble and could miss the start of the 2021 season.

Washington Capitals: G Ilya Samsonov is the new starter in net with Braden Holtby leaving in free agency. Henrik Lundqvist will back him up behind the elite talent up front.

Pittsburgh Penguins: The Penguins chose G Tristan Jarry over two-time cup winner Matt Murray in restricted free agency, dealing Murray to the Ottawa Senators. They’ve made the playoffs every year since 2005-06 behind Cs Sidney Crosby and Evgeni Malkin.

2021 Stanley Cup odds: Longshots

Dallas Stars: The Stanley Cup finalists are a strong value at +2000 or better to win it all in 2021. G Anton Khudobin was retained and forms one of the NHL’s best goaltending tandems with Ben Bishop.

New York Rangers: It’s unclear how many rookies will be able to make an impact in 2021, but No. 1 pick Alex Lafreniere should be a safe bet. The wildcard will be G Igor Shesterkin who takes over the reins from King Henrik.

New Jersey Devils: The Devils will again head into the season as one of the biggest longshots on the board after going just 28-29-12 in 69 games last year. They missed out on top talent in the opening run of free agency, but still have more cap space than all but the Red Wings and Senators and have plenty of trade chips.

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Those betting using mobile options can simply navigate to the hockey section of the betting app to find Stanley Cup futures.

Bettors looking to place those Stanley Cup wagers may want to check out the odds at FanDuel Sportsbook. The site offers plenty of options in betting for the Stanley Cup winner as well as wagering on individual matchups.

DraftKings Sportsbook also offers a nice betting experience and all the futures action a hockey fan might want. For both sites, simply click on “hockey” and then the “futures” tab to make a selection. There are some great bonus offers at both FanDuel and DraftKings for those looking to get in on the action.

If sports betting isn’t legal in your state yet, daily fantasy sports is another great way to have some skin in the game. Sign up for an account at DraftKings and get $25 free.

How to bet the NHL

Betting on the NHL, and hockey, in general, is somewhat of a cross between baseball and basketball betting. It’s similar to basketball in that it can be slightly more predictable, particularly over the long term when looking at the proper statistics and trends. It leans toward baseball in following suit with generally modest odds and lines, and like with starting pitchers, the lines hinge on the projected starting goaltenders. The terms and bet types remain the same as in the other main sports.

  • Moneyline: The most straightforward and common bet type; pick the team to win the game, either in regulation, overtime or a shootout. Odds will generally range from -250 to +250 but can extend closer to -500 or +500 in rare cases. A late goalie swap can drastically change the odds, and likelihood of a team winning.
  • Puck line/Spread: Much the same as run lines in baseball betting, the standard puck line is set at +/- 1.5 goals. The favorite must win by at least two goals, while the underdog needs to stay within one in a loss or win outright. Any game going to overtime would be a win for the underdog regardless of the final outcome.
  • Total: The total, or Over/Under, is most commonly set at a base of 5.5, though as with all hockey odds, the projected goalie matchup is the biggest factor. A pair of backups starting against each other would usually boost the line to 6.5, while a pair of elite goaltenders could drop the number to 4.5.
  • Alternate lines: The alternate betting lines are more valuable in hockey than nearly all the other main sports. Buying yourself a goal against either the spread or total can greatly raise your chances of earning at least a small profit. Boosting your odds to a puck line of -2.5 or a total of 7.5 can return a much great profit with the increased risk.
  • Props: Hockey prop bets range from which team will score first to whether or not certain players will score a goal in the game. Rather than backing an underdog on the puck line in what’s expected to be a tight game, look for whether or not the game will go to overtime at much more profitable odds.
  • Futures: Stanley Cup futures typically come out immediately after the prior NHL season wraps up in June. From then until the trophy is awarded the odds are regularly updated based on team expectations, performance, and public betting action. Injuries, trades and winning or losing streaks also carry great weight. Be sure to incorporate advanced statistics and know which teams are over-performing and who could enjoy a late-season surge in order to capitalize on long odds. Futures are also available for player awards and stats, and conference and division winners.

How do Stanley Cup futures work?

First, let’s define a futures wager. These are made on the result of certain events or contests to happen in the future.

Fans enjoy these wagers because they offer a chance to cheer for a team (or a few) in the long run. They also have a chance at a nice payout for a smaller wager. In this case, a bet on a certain team to survive the playoffs and win the Stanley Cup.

In the NHL, eight teams from each conference qualify for the playoffs. Making a futures wager on one of those 16 teams is easy, both in a live sportsbook and online.

A sportsbook in a casino will have futures odds usually listed on a large screen somewhere in the sportsbook. These should be easy to find, but staff at the betting windows can help.

Let’s look at an example using a $100 futures wager:

  • FanDuel Sportsbook opened the Tampa Bay Lightning as the favorite to win the 2020 Stanley Cup at +195. A bettor putting $100 on Tampa would have won $195 (and get the original $100 bet back).

Why do odds change during a season or in the playoffs?

While a team might start off with certain odds, they can change at any time. The Dallas Stars may start as +2200 underdogs (with a $100 wager to win $2,200), but that can change later. Several factors could be in play to make those lines move.

  • Futures odds are a fluctuating market. A team may have a surprising Round 1 upset victory and played well. That may spur oddsmakers to move those lines down.
  • Odds are adjusted based on a team’s performance, injuries, opponents, and more during the season and postseason. As teams are eliminated in the playoffs, futures odds can be adjusted.
  • Sportsbooks also adjust odds based on betting patterns. A large amount bet on a certain team may force oddsmakers to lower odds to reduce exposure to potential losses should that team pay off.

NHL futures betting history

Winning the Stanley Cup isn’t easy. Teams must survive three playoff rounds before battling it out in the Stanley Cup Final. That comes after an 82-game regular season with plenty of skating, checking, and road trips.

The goal is to be one of the eight teams in the postseason from each conference and then see what happens. The Vegas Golden Knights made a historic run to the Cup Final as an expansion team in 2018. But who were some of the biggest longshots in history to win the Cup?

  • 2012 – The L.A. Kings entered the playoffs as an eighth seed and were 20-1 to take home their first title in 44 years. As the L.A Times notes, the team caught fire “… thanks largely to their remarkable 10-1 road record, tying a league record for the most road wins in a postseason. And while winning 16 of 20 playoff games, the Kings outscored their opponents by an impressive 57-30.”
  • 1995 – The New Jersey Devils were a fifth seed when the playoffs started. The team struggled a bit during the regular season, which was shortened to 48 games due to a lockout. The Red Wings looked like an unstoppable force and few in the media predicted Jersey would win. But the Devils completed an unlikely 4-0 sweep.
  • 1986 – With a team full of rookies including goalie Patrick Roy and forward Claude Lemieux , the Montreal Canadiens shocked the hockey world with a 4-1 finals victory over the Calgary Flames.

No doubt, bettors took home a nice score on these futures wagers.