2022 Stanley Cup Betting Odds and Predictions

Stanley Cup Betting Odds 2022

It took a while, but the 16-team Stanley Cup Playoffs field has been cut in half. Five of the eight first-round series went the full seven games, which means we could have some tired teams out there already in advance of the upcoming second round.

Even with eight teams still left, we do have a pretty clear frontrunner in the updated NHL Stanley Cup odds. The Colorado Avalanche, after sweeping away the Nashville Predators, check-in at +190 to lift the Stanley Cup for the first time since 2001.

The Avs are favored, but they’re far from the only team with a legitimate chance to win it all. The Florida Panthers, who finished the season with the league’s best record, aren’t far behind at +380. The Tampa Bay Lightning (+650) are in search of their third consecutive championship, as well.

Below are the updated 2022 Stanley Cup odds heading into the second round.

2022 Stanley Cup Odds

Team Odds
Colorado Avalanche +190
Florida Panthers +380
Calgary Flames +600
Carolina Hurricanes +600
Tampa Bay Lightning +650
Edmonton Oilers +1200
New York Rangers +1300
St. Louis Blues +1700

Colorado Avalanche (+190)

No team will enter the second round as well-rested as the Avalanche. Colorado was the only team to pull off a first-round sweep when they easily disposed of an overmatched Predators side. Colorado outscored Nashville 21-9 in the series, as well.

The Avs likely won’t maintain a 5.25 goals-per-game average over the course of their entire playoff run, but this is still the best offensive team at hockey. The fact that they’re firing on all cylinders at the perfect time is a scary notion for their upcoming foes.

The Avalanche swept the Blues away in the first round of last year’s playoffs, and the two teams will tangle once again this year. If they advance, Colorado will be a heavy favorite against whichever Alberta-based side they meet in the Western Conference Finals.

At +190, Colorado still offers quite a bit of upside as the presumptive Stanley Cup favorites.

Florida Panthers (+380)

Florida finished with a better regular-season record than Colorado, but oddsmakers have much more faith in the Avalanche to win it all. This is the Avs’ fifth consecutive trip to the playoffs, while the Panthers just advanced to the second round for the first time in 26 years.

Florida’s lack of experience was on display in the first round as they fell behind Washington, 2-1, early in the series. The Panthers eventually came back to win it, but their second-round matchup with the Lightning is downright daunting. That said, the Panthers are still favored to beat the two-time defending champs. Tampa Bay lost star man Brayden Point to an injury in the first round, which was a hard-fought, seven-game slugfest against Toronto.

Let’s not forget the Panthers still scored a league-high 340 goals and just won the Presidents’ Trophy for the first time. If they can dethrone the champions, who’s to say they can’t go all the way and win their first Stanley Cup, too? If you’re not into the Avs at +190, perhaps I can sell you on the Panthers’ +380 Stanley Cup odds instead.

Calgary Flames (+600)

The Flames survived the Stars in a seven-game first-round thriller, and now they’ll face Connor McDavid and the Edmonton Oilers in the second round. Calgary vastly outplayed Dallas in that opening round, however, and the Stars rode a hot goaltender (Jake Oettinger) to the brink of an upset victory.

In the next round, Calgary will go up against veteran Mike Smith.

The Oilers’ 41-year-old netminder had a stellar first round of his own against the Kings, but there’s a reason the Flames are tipped to win and advance past their Alberta rivals. Calgary finished seven points north of Edmonton in the Pacific Division standings. The Flames’ goal differential (plus-85) was also the best in the West and vastly better than the Oilers’ plus-38 mark.

The dynamic duo of McDavid and Leon Draisatil give the Oilers a puncher’s chance, and it’s worth noting Evander Kane was a monster against the Kings with seven goals in the seven-game series.

These two teams split their four-game regular-season series, but with home ice at their back, the Flames look like the smart bet to survive. The problem? A likely matchup with Colorado looms in the Western Conference Finals.

Carolina Hurricanes (+600)

The Carolina-New York series should the lowest-scoring of the quarterfinal round. The Hurricanes surrendered just 202 goals this season, which was very easily the best mark in the league. The Rangers boast the NHL’s best goalkeeper in Igor Shesterkin, however, which could be enough to give the Hurricanes some trouble.

In the end:
The Canes should be able to get past the low-scoring Rangers and into the Eastern Conference Finals. Unfortunately, they’ll have to face off against one of the mighty Florida teams once they get there. Carolina will almost surely be a betting underdog regardless of their opponent in the next round, which makes them an awfully tough sell to even get out of their own conference.

In the +600 range, the Lightning (+650) look like better value than the Hurricanes, as things stand.

Tampa Bay Lightning (+650)

As mentioned, the two-time defending champs won’t be at full strength when they take on the Panthers in the second round. Brayden Point’s status is uncertain. He hasn’t been ruled out just yet, but he’s “highly doubtful” to appear in Game 1 on Tuesday night. Replacing a player that finished the season with 58 points in 66 games is no easy task.

Still, this team has been here before, and they have faced quite a bit of adversity. Steven Stamkos is finally healthy after missing most of both Stanley Cup runs, which should help make up for Point’s likely absence.

At some point, all of that hockey might catch up to Tampa Bay, however. Fatigue may be a factor now, on the heels of two straight long playoff runs and a grueling series against the Maple Leafs.

Who Will Win the Stanley Cup?

It’s early, but all signs point to the Avalanche as worthy Stanley Cup betting favorites. The +190 odds still leave some room for upside, and no team was more impressive in the first round than Colorado.

Getting all the way through the Finals won’t be quite that easy, of course, which puts Florida (+380), Calgary (+600), and even Tampa Bay (+650) in play if you’re looking for longer shots with a decent chance for success.

The best value bets to win the 2022 Stanley Cup are ranked as follows:

Team Odds
Colorado Avalanche +190
Florida Panthers +380
Tampa Bay Lightning +650
Calgary Flames +600
Carolina Hurricanes +600


Stanley Cup Odds for Start of Playoffs

Colorado Avalanche:
Calgary Flames:
Florida Panthers:
Carolina Hurricanes:
Toronto Maple Leafs:
Tampa Bay Lightning:
Pittsburgh Penguins:
Edmonton Oilers:
Minnesota Wild:
New York Rangers:
St. Louis Blues:
Washington Capitals:
Boston Bruins:
Los Angeles Kings:
Dallas Stars:
Nashville Predators:

The playoffs started earlier this week. It’s still too early to get a firm idea as to how each of the first-round series will play out, but here’s where the matchups stand through the first three days:

  • Avalanche lead Predators 1-0
  • Wild and Blues tied 1-1
  • Flames lead Stars 1-0
  • Oilers and Kings tied 1-1
  • Capitals lead Panthers 1-0
  • Maple Leafs and Lightning tied 1-1
  • Hurricanes lead Bruins 2-0
  • Penguins lead Rangers 1-0

Thanks to the NHL’s new broadcast rights deal with ESPN and Turner Sports, it’s a lot easier to find playoff action on TV than it was during the NBC days. ESPN and ESPN 2 have playoff action just about every night, while certain games can be found on the streaming platform, ESPN+, as well. TNT, TBS, and ABC will also air games throughout the Stanley Cup Playoffs.

Colorado Avalanche (+300)

The Avalanche are the early betting favorites to win it all this summer, and with good reason. The Avs finished 56-19-7 in the regular season, and their 119 points ranked first in the Western Conference. Colorado was six points better than second-place Minnesota in the Central Division.

Their plus-78 goal differential ranked second in the West, trailing only Calgary’s plus-85 mark.

In Game 1 of their series against the Predators, we saw just how dominant the Avalanche can be. Colorado romped Nashville on their way to a 7-2 victory on home ice. The Avs jumped out to an easy 5-0 lead after the first period, essentially ending the game before the Preds had a chance to catch their breath.

If the series continues that way, Nashville would be lucky to win a game. Nathan MacKinnon supplied a couple of goals with an assist, giving us a glimpse into why he’s the early favorite to win the Conn Smythe Trophy later in the year. Mikko Rantanen picked up a game-high three assists, which was par for the course for him after finishing with 56 helpers during the regular year.

This series may well end in a sweep, which should give the Avs plenty of time to rest before their second-round matchup.

This team was in the hunt for the Presidents’ Trophy with Florida all year long, and there’s no reason to believe, as of now, that the Avs aren’t capable of taking home the franchise’s second-ever Stanley Cup title. At the current +300 Stanley Cup odds, you can easily argue Colorado is a bit undervalued by oddsmakers.

Calgary Flames (+600)

The Avs’ Stanley Cup betting odds are twice as good as the next-best team, the Calgary Flames, who check in at +600. The Flames’ 111-point regular season was likely a little on the unlucky side, as their plus-85 goal differential was the second-best in the entire NHL. Only the Panthers (plus-94) were better in that regard over the course of the 82-game marathon.

Calgary yielded just 208 goals this season, which was the third-fewest of any team.

Only the Hurricanes and Rangers were more stingy defensively. The Flames’ ascent toward the top of the West was a bit of a surprise after a relatively quiet offseason. Calgary’s brass was confident in their roster, and that gamble paid off in a big way during the season.

Johnny Gaudreau, a legitimate Hart Trophy contender, is coming off of the most prolific season of his career. The 28-year-old finished the season with 40 goals and 75 assists, and he assisted in Calgary’s lone goal in their 1-0 win over Dallas in Game 1 of their opening-round series.

Please Note:
Only Connor McDavid (123) racked up more points this season than Gaudreau (115), who finished tied for second with Florida’s Jonathan Huberdeau in that regard. We’ve seen over the years that you can ride a hot goaltender to a title, and the Flames are set up well in that category with Jacob Markstrom between the pipes.

The Flames are one of the most balanced and deepest teams in the field, so it’s easy to see why they’re a standout here at the current +600 Stanley Cup odds. I don’t expect Calgary to encounter much trouble with Dallas in the first round.

Florida Panthers (+650)

The Panthers finished with the best record in the NHL at 58-18-6, good for 122 points. This was the franchise’s first-ever Presidents’ Trophy and just their third-ever division title. The Panthers will be looking to win the Eastern Conference for the second time ever and the first time since 1996, and they’re still looking to lift the Stanley Cup for the first time.

Obviously, this is their best chance yet to accomplish that goal.

The Panthers’ +650 Stanley Cup betting odds are likely only this low because they suffered a disappointing upset 4-2 loss to the Capitals in Game 1 of their first-round series. The Panthers scored a whopping 340 goals this season, which was a franchise record for a single season and easily led the NHL. A plus-94 goal differential ranked first, too.

Florida added veteran Claude Giroux before the deadline in an attempt to fortify an already-talented roster. Huberdeau and Aleksander Barkov is arguably the league’s most prolific forward duo, so it was a bit surprising to see Florida muster just two goals in their opening game.

With this team facing legitimate expectations for the first time, whether they can perform under pressure remains to be seen. The Presidents’ Trophy jinx is becoming a thing, too. Finishing with the best regular-season record in the league hasn’t often translated to a Stanley Cup trophy in recent years.

Just two teams have won the Stanley Cup after winning the Presidents’ Trophy since 2004-05, which is rather remarkable. The last team to do it was the Chicago Blackhawks nearly a decade ago. Remember what we said about parity in the playoffs? Florida is an awesome value at their current +650 Stanley Cup odds, but they certainly won’t breeze to a championship.

Carolina Hurricanes (+700)

The Hurricanes have jumped out to a 2-0 lead in their first-round series over the Bruins, which is a rather important development for this team. Boston was a trendy pick to give Carolina some trouble, but the Canes have taken care of business thus far.

Going into Boston and picking up where they left off will be the hard part, of course.

The Hurricanes have already won more games over the Bruins in this series than they had in either of their previous two postseason matchups combined. Boston dominated Carolina, 8-1 on aggregate, between 2018 and 2020.

The Hurricanes’ reliance on long-distance shots means their offense is a bit prone to dry spells, but that hasn’t been an issue so far in this series. Carolina has put 10 goals on the board, while Boston has mustered just three of their own.

So far:
The absence of star netminder Frederik Andersen hasn’t impacted the Canes at all. Antti Raanta looked the part as the fill-in starter in Game 1. Unfortunately, he was knocked out with an injury of his own in Game 2, which forced Pyotr Kochetkov into action. Kochetkov held his own when pressed into duty, but this is quickly becoming a major concern for the Canes.

Some stability between the pipes would be preferred for a deep playoff run. Andersen returning sooner than later would give me more confidence in Carolina’s chances to win it all, but I think they’re a bit overrated at the current +700 Stanley Cup odds. We can find much better value elsewhere.

Toronto Maple Leafs (+900)

The Maple Leafs have been an exceptional regular-season team in recent years, but whether they will actually advance beyond round one is the burning question for this team. Toronto put together yet another stellar campaign, finishing with 115 points and second to Florida in the Atlantic Division.

Florida and Carolina were the only Eastern Conference sides to top the Leafs’ plus-62 goal differential. That said, the Maple Leafs have been ousted from the first round in each of their last five trips to the postseason.

This in spite of the fact that Toronto has racked up at least 95 regular-season points in three of those seasons. Auston Matthews put 106 points on the board this season and became the first NHLer since steven Stamkos over a decade ago to score at least 60 goals. Toronto can score, as evidenced by their 3.8 goals-per-game average, which ranked fourth in the league.

The Maple Leafs’ first-round draw against the Lightning certainly wasn’t ideal. Having to get past the two-time reigning Stanley Cup champions is a tall order. Tampa Bay didn’t alter its roster much, so this will be an incredibly difficult test for a Maple Leafs team desperate to find some postseason success.

Things got off on the right foot with a 5-0 win in Game 1, but Tampa Bay stormed back to level the series with a 5-3 triumph in Game 2. Winning both games at home would have instilled the Leafs with some much-needed confidence, but heading down to Tampa and coming away with at least one victory looks absolutely vital to their long-term hopes.

Given their tough path, the Maple Leafs are a tough team to trust at those +900 Stanley Cup odds. Getting past the Lightning would make me feel quite a bit more optimistic about their chances, but I’d prefer to wait until after the series before putting any money on Toronto to win that elusive title.

Tampa Bay Lightning (+1100)

You won’t often get a team with such a favorable track record at such long NHL Stanley Cup odds. The Lightning are in search of their third consecutive title, yet you can get them at +1100 to accomplish the feat right now.

Please Note:
Tampa Bay picked up that much-needed win in Game 2 to even the series before the scene shifts to Florida for Games 3 and 4. As mentioned, this is still largely the same team that won it all last year, though the Lightning did add veteran winger Brandon Hagel from Chicago ahead of the deadline.

Stamkos is also completely healthy, which wasn’t even the case when they won their back-to-back titles. Frankly, you can argue this year’s squad is even more dangerous than the two title teams, which is an awfully scary thought for the rest of the Stanley Cup hopefuls.

If they do win it all, the Lightning will become just the fourth team in league history to lift Lord Stanley’s Cup three times in a row.

The Maple Leafs, Canadiens, and Islanders are the only other teams to have done the deed in the past. This team finished with 108 points during the regular season, yet it feels almost as though they’re flying under the radar at this point. They should not be flying under any radar. Bet on the Lightning’s +1100 Stanley Cup odds while you still can.

Given their vast amounts of playoff experience and the Maple Leafs’ history of playoff failures, Tampa Bay going on to win this series would hardly be a shocking outcome.

Edmonton Oilers (+1700)

Edmonton has the NHL’s best player in Connor McDavid, which is enough to make them worth a look at those +1700 Stanley Cup betting odds. Edmonton has won five Stanley Cups in franchise history, though they’re in search of their first win since the 1980s.

Please Note:
The Oilers finished the season 49-27-6 and with 104 points, good for the second-most in the Pacific Division behind only Calgary.

Edmonton endured an upset loss to the LA Kings in Game 1 of their first-round set before bouncing back with a dominant showing in Game 2 to even things up. The Oilers put six goals on the board in a much-needed shutout win in Game 2, led by a pair of goals and an assist for Evander Kane. McDavid supplied two assists, while Leon Draisaitl added his second goal of the series.

Edmonton has advanced past the first round just once in four playoff appearances since appearing in the Stanley Cup Finals back in 2006. This is just McDavid’s fourth career playoff appearance, though he has made the most of his limited opportunities in the past. McDavid came into this playoffs with 11 goals and 11 assists through his first 21 playoff games, though team success has proven to be elusive.

The Oilers have won just one playoff game in their last two postseasons combined.

Getting past a veteran-laden Kings team in the first round surely won’t be easy, but Edmonton is an interesting long-shot given their star power at +1700.

Who Will Win the Stanley Cup?

As usual, the race for the NHL title is as wide-open as it gets. Teams like Colorado, Florida, and Calgary are worthy favorites, but entering the playoffs with the best Stanley Cup odds is almost meaningless. In this league, favorites don’t typically win, for whatever reason.

So, that presents you, the noble hockey bettor, with some interesting value opportunities.

I do think the Avalanche look the part as the early betting favorite, so taking a shot on Colorado’s +300 Stanley Cup betting odds has plenty of merit. Star power, good defending, and a free-flowing offensive style could be enough to seal the deal.

I have questions about the Panthers given their lack of experience, but this team has the potential to be a dynasty in-the-making if they can put it all together. If you’re looking for more value, I see no reason to overlook the Lightning, looming as relative long shots at +1100 Stanley Cup odds. If Tampa Bay gets past Toronto in the first round, those odds will drop considerably. Get the value while you still can.

I’ll rank my favorite value bets to win the 2022 Stanley Cup below:

Tampa Bay Lightning:
Colorado Avalanche:
Florida Panthers:
Calgary Flames:
Toronto Maple Leafs:


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Taylor Smith / Author

Taylor is a sports writer based in Southern California. While he primarily specializes in basketball, baseball and football, he will also dabble in things like soccer and politics from time to time. He has lived in just about every corner of the United States at one point or another, and he has been covering sports and sports betting for the better part of a decade. Taylor currently lives in Long Beach with his fiancé and their two cats.

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