2020-21 NHL Stanley Cup odds: Colorado Avalanche the favorite

Updated: February 17, 2021

After returning from a week off, the Colorado Avalanche remain atop the Stanley Cup odds board at BetMGM, as +650 favorites. The Toronto Maple Leafs and Vegas Golden Knights are both +700.

Photo By – USA TODAY Sports

With the 2021 season midway through February, NHL betting is heating up, with bettors taking a longer look at Stanley Cup odds and who might hoist the trophy for the 2020-21 season.

This season, there are new divisions, shortened schedules and other pandemic-forced adjustments in place, making it a year unlike any other. But games are still being played and we’re gathering more information each day, with many of the favorites playing as expected, while dark horses are emerging, as well.

Let’s look at the updated NHL odds to win the Stanley Cup.

Favorites to win the Stanley Cup

As of February 16, the Colorado Avalanche remain the Stanley Cup favorites for the 2020-21 season at PointsBet USA, with odds of +650. The Avs have a talented young core of star players, led by Hart Trophy runner-up Nathan MacKinnon and budding star defenseman Cale Makar, and are 7-4-1-0 so far for 15 points.

The defending Stanley Cup champion Tampa Bay Lightning are the +700 co-second choice at PointsBet, with a 10-3-1-0 record and 21 points. The Vegas Golden Knights join Tampa at +700 and also have 21 points with their 10-2-0-1 record.

Rounding out the top five on PointsBet USA’s Stanley Cup odds board are the Boston Bruins (+800) and Toronto Maple Leafs (+1,100).

Odds to win the Stanley Cup

Team NHL Odds to win Stanley Cup (as of February 16)
Colorado Avalanche +650
Tampa Bay Lightning +700
Vegas Golden Knights +700
Boston Bruins +800
Toronto Maple Leafs +1,000
Montreal Canadiens +1,300
Carolina Hurricanes +1,500
Philadelphia Flyers +1,500
St. Louis Blues +1,800
Pittsburgh Penguins +2,000
Dallas Stars +2,200
Calgary Flames +2,500
Washington Capitals +2,500
Edmonton Oilers +3,300
Florida Panthers +3,300
Winnipeg Jets +3,300
Minnesota Wild +4,000
New York Islanders +4,000
New York Rangers +4,000
Buffalo Sabres +6,000
Arizona Coyotes +6,600
Columbus Blue Jackets +6,600
Nashville Predators +8,000
Vancouver Canucks +8,000
Anaheim Ducks +10,000
New Jersey Devils +10,000
Chicago Blackhawks +15,000
San Jose Sharks +20,000
Los Angeles Kings +25,000
Detroit Red Wings +50,000
Ottawa Senators +50,000

Odds courtesy of PointsBet USA

Stanley Cup futures action report

Biggest climb: Boston Bruins

Over the past couple of weeks, through Feb. 16, the Boston Bruins are seeing noteworthy odds movement at PointsBet USA. Boston is 10-2-2-0 for 22 points, second-best in the NHL behind only Toronto. The Bruins were +1,400 at the end of January and are now +800, the fourth choice on the Stanley Cup odds board.

Furthest fall: Nashville Predators

PointsBet USA sports analyst Mike Korn pointed to the disappointing Nashville Predators, who are 6-9-0-0 for just 12 points, above only six teams in the entire NHL through Feb. 15. Nashville opened the season +2,500 and has fallen far off those odds. “The Preds were at +3,000 to win the Cup at the end of January,” Korn said. “They pushed out to +5,000 in early February, +6,600 last week and now all the way out to +8,000. It has been quite the slide for Nashville.”

Team to watch: Calgary Flames

The Calgary Flames (8-6-1-0) opened the season +3,000 at PointsBet USA and backslid to +4,000 by the end of January. But the Flames are rising in mid-February. “The Flames have become a team to watch over the last two weeks,” PointsBet sports analyst Mike Korn said, noting Calgary’s current 4-1 run that’s part of a 6-3 overall surge. Calgary is now +2,500.

Past Stanley Cup winners

The Tampa Bay Lightning claimed Lord Stanley’s grail last season in the COVID-19 bubble. The Lightning were favorites, or co-favorites with the Vegas Golden Knights, for most of the 2019-20 season.

Here are the last 11 winners of the Stanley Cup, their odds of winning just before the playoffs began (courtesy of Sports Odds History), and the team that lost in the Stanley Cup Finals.

Season Stanley Cup Winners Odds before playoffs Runner Up
2019-20 Tampa Bay Lightning +650 Dallas Stars
2018-19 St. Louis Blues +1,250 Boston Bruins
2017-18 Washington Capitals +1,225 Vegas Golden Knights
2016-17 Pittsburgh Penguins +770 Nashville Predators
2015-16 Pittsburgh Penguins +650 San Jose Sharks
2014-15 Chicago Blackhawks +800 Tampa Bay Lightning
2013-14 Los Angeles Kings +1,400 New York Rangers 
2012-13 Chicago Blackhawks +400 Boston Bruins
2011-12 Los Angeles Kings +2,200 New Jersey Devils
2010-11 Boston Bruins +800 Vancouver Canucks
2009-10 Chicago Blackhawks +450 Philadelphia Flyers

Format for the 2020-21 NHL season

Due to COVID-19, the NHL is changing up the format of the schedule for the 2020-21 NHL season. The league has realigned the divisions – into North, West, Central and East – and each team will play a 56-game schedule of games only against other teams in their division.

The Top 4 teams in each division will qualify for the Stanley Cup Playoffs, where it will stay intradivisional as the first-place team in the division plays the fourth-place team, and No. 2 plays No. 3, and the winning teams face in the second round. The four teams that emerge as the champions of their respective divisions will play in the Stanley Cup semifinals, where each team is seeded by their points total in the regular season. Each round of the playoffs will be a best-of-seven series.

New divisions for the 2020-21 NHL season

North West Central East
Calgary Flames Anaheim Ducks Carolina Hurricanes Boston Bruins
Edmonton Oilers Arizona Coyotes Chicago Blackhawks Buffalo Sabres
Montreal Canadiens Colorado Avalanche Columbus Blue Jackets New Jersey Devils
Ottawa Senators Los Angeles Kings Dallas Stars New York Islanders
Toronto Maple Leafs Minnesota Wild Detroit Red Wings New York Rangers
Vancouver Canucks San Jose Sharks Florida Panthers Philadelphia Flyers
Winnipeg Jets St. Louis Blues Nashville Predators Pittsburgh Penguins
Vegas Golden Knights Tampa Bay Lightning Washington Capitals

Understanding Stanley Cup odds

Sportsbooks will post odds to win the Stanley Cup before the season starts. These odds are constantly adjusted throughout the offseason as players get hurt, suspended or are traded. Once the regular season begins, title odds will change daily as teams win and lose games and as more players get hurt, suspended or traded. Sportsbooks will also adjust the NHL futures odds based on handle and liability to certain teams.

Stanley Cup odds will usually look like this:

This means that on a $100 bet, you’ll stand to win $750 if the Avs win the Stanley Cup. If it’s close to the end of the regular season or even during the playoffs and the NHL has a very dominant team, you might see that a team is has a minus sign (-) ahead of its odds. 

  • Tampa Bay Lightning  -120

This means that you would need to bet $120 to win $100 on a Lightning Stanley Cup win.

Above we have posted the American odds for the Stanley Cup. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.

Where can I bet on Stanley Cup odds?

You can bet on Stanley Cup odds and NHL futures at every online and casino sportsbook. Find ratings and reviews for the best sportsbooks for betting on NHL futures your area.

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