by Dan Adkisson
Barely one month into the new NHL season, bookmakers across North America are already accepting Stanley Cup betting odds. Last season’s Champions—the Colorado Avalanche—are favored to remain dominant throughout this season.
But can they defend their Championship? Here’s an overview of teams projected to win the Stanley Cup this 2022-23 season. Keep in mind you can now bet on single-event NHL games in Canada.
That means you could wager on Stanley Cup winners or focus on one NHL league game at a time. Check out this sportsbooks review page to find the best sports betting website in Canada.
2022-23 Stanley Cup Odds
Team | Current Odds
Colorado Avalanche +400
Toronto Maple Leafs +800
Florida Panthers +850
Tampa Bay Lightning +1100
Carolina Hurricanes +1100
Calgary Flames +1500
Edmonton Oilers +1600
Vegas Golden Knights +1900
Pittsburgh Penguins +2000
Minnesota Wild +2000
New York Rangers +2000
Boston Bruins +2500
Los Angeles Kings +2500
St. Louis Blues +2500
New York Islanders +3000
Washington Capitals +3000
Dallas Stars +3500
Vancouver Canucks +3500
Nashville Predators +4500
Detroit Red Wings +5000
New Jersey Devils +5000
Ottawa Senators +5000
Winnipeg Jets +6000
Columbus Blue Jackets +7500
Philadelphia Flyers +7500
Seattle Kraken +12500
Anaheim Ducks +15000
Buffalo Sabres +15000
Chicago Blackhawks +15000
Montreal Canadiens +15000
San Jose Sharks +15000
Arizona Coyotes +30000
#1 – The Colorado Avalanche: +400
After an incredible 2021-2022 season that culminated with lifting the Stanley Cup, all eyes are on Colorado. The team roster largely remains intact and early season results show a team that’s doing its best to defend its Championship.
Colorado started the first game of the season with a dominant 5-2 win against the Chicago Blackhawks. They lost to the flames the following match in a high-scoring fixture before bouncing back with a victory against Minnesota.
After 11 games, Colorado ranks third in the Central Division, two spots behind leaders Dallas Stars. To be clear, Colorado has one game in hand, but so does second placed Winnipeg.
#2 – Toronto Maple Leafs: +800
Toronto exited last season’s playoff series early after a loss to the Tampa Bay Lightning. The team also lost goalie Jack Campbell to Edmonton. But the franchise filled that gap by signing Matt Murray.
This season, the Leafs looks stronger and hungrier for victories. Although they rank third in their division, victories against Winnipeg and Dallas—the two Central Division leaders—make them a strong early contender for the Stanley Cup.
#3 – Florida Panthers: +850
Despite recording mixed results in their first few games, many bookmakers believe Florida are a team to watch this season. The panthers dominated the Islanders, the Sabres and the Flyers in the first four games of the season.
But since then, they have been struggling to get results. Now, the season is still young. Florida has a lot of time to prove that it’s capable of taking the Stanley Cup back to the Sunshine State.
#4 – Tampa Bay Lightning: +1100
Tampa Bay has been losing talent year after year. Surprisingly, the team keeps making it to the Finals game. Last year, they may have lost to Colorado. But they won the Stanley Cup in the previous two years.
In light of that information, it would be foolish to count Tampa Bay out of Stanley Cup contention this season. Performance wise, the Lightning are facing tough competition from Detroit, Boston, Toronto and the Panthers.
However, if there’s a team knows how to handle tough competition, it’s the Lightning.
#5 – Carolina Hurricanes: +1100
After losing to the Rangers in last season’s playoff games, Carolina made statement signings by adding Burns and Max Pacioretty to their roster. With a solid squad, bookies believe the Hurricanes have what it takes to weather the NHL storm and win it all next year.
So far, the Hurricanes are playing like a team that wants to become champions. They opened the season with a dominant triumph against the Blue Jackets. Then they defeated the Sharks and the Kraken before tasting defeat in the hands of Edmonton.
Carolina ranks second in the Metropolitan Division, one point behind New Jersey and one point above the Islanders.
#6 – Calgary Flames: +1500
This past off-season has been brutal for Calgary. The team lost two high profile players in Johnny Gaudreau and Matthew Tkachuk. General Manager replaced the players by adding McKenzie Weegar and Jonathan Huberdeau.
They’ve helped add depth to the Flames, but Calgary has a long way to go before it becomes a serious threat in the Pacific Division. It ranks five spots behind leaders Vegas Gold Knights. Worse, it’s on a five-game losing streak after 11 matches.
#7 – Edmonton Oilers: +1600
The Oilers rank just one position above Calgary and three positions above last-placed San Jose Sharks. Still, this doesn’t mean they will struggle the entire season.
After adding a new goalie and renewing the services of Evander Kane and Brett Kulak, bookies are hopeful Edmonton will have a great season.
Unfortunately, Edmonton is yet to discover how to win consistently now that it ranks eight points behind leaders Vegas after 13 matches.
#8 – Vegas Golden Knights: +1900
The Golden Knights are proving to be a dark horse in this season’s Stanley Cup contention. At the start of the season, many bookies ranked Vegas below Calgary and Edmonton while predicting the Pacific Division winners.
Now, the Golden Knights are fighting like a team that not only wants to dominate its division, but also to lift the Stanley Cup. The Golden Knights are on a 7-game winning streak after nearly 15 matches, and they’ve been dominant in every game they have played.
#9 – Pittsburgh Penguins: +2000
The Penguins have a roster full of NHL veterans. GM Ron Hextall seems pleased with his squad now that he convinced defenseman Kris Letang and forward Evgeni Malkin to stay in Pennsylvania for a few more years.
Unfortunately, the ageing squad is finding it difficult to compete against younger rosters in the league. After playing more than 10 matches this season, the Penguins rank second last in the Metropolitan Division. They’re yet to find a win in seven games and have a slew of tough fixtures in the coming weeks.
#10 – Minnesota Wild: +200
Minnesota Wild was the fifth best franchise last season. And after winning four out of five preseason games, bookies were correct to predict they would be a contender this season.
Unfortunately, things are yet to work out for the Wild this regular season. They rank fifth in the Central Division and have been pretty inconsistent.
Over to You
Early Stanley Cup predictions are tipping Colorado to win the competition this season. They’ve had some great wins so far, but Avalanche is not the most in-form team in the league. There are lots of better-performing franchises, meaning we may have a new Stanley Cup winner this season.