NHL Championship Odds: Betting Favorites, Sleepers to Win 2023-2024 Stanley Cup

Who are the early championship favorites and the best values to win the 2023-2024 Stanley Cup? 

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NHL Championship Betting Favorites 

The Vegas Golden Knights just hoisted the Stanley Cup after their impressive 4-1 series victory over the Eastern Conference Champion Florida Panthers. With that, the 2022-23 season comes to a close, and what a profitable one overall it was for us here at BetQL. Now, it's time to move forward and take a look at some of the very early odds for next season. While it's too early to really say what is going to happen this offseason, we can at least look at some prices and make some predictions. Some of the early favorites are the usual contenders like the Avalanche, Bruins, and Maple Leafs.

2023-2024 NHL Stanley Cup Odds 

Below are the current odds to win the 2023-24 NHL Championship from our friends at DraftKings Sportsbook:

Colorado Avalanche +800

Boston Bruins +800

Toronto Maple Leafs +900

Edmonton Oilers +1000

Carolina Hurricanes +1200

New Jersey Devils +1200

Vegas Golden Knights +1300

New York Rangers +1400

Florida Panthers +1400

Tampa Bay Lightning +1600

Dallas Stars +1600

Calgary Flames +2000

Los Angeles Kings +2500

Minnesota Wild +3000

Pittsburgh Penguins +3000

Seattle Kraken +4000

Buffalo Sabres +4000

Ottawa Senators +4500

New York Islanders +5000

Winnipeg Jets +6000

Vancouver Canucks +6000

Washington Capitals +6000

St. Louis Blues +6000

Detroit Red Wings +7500

Nashville Predators +7500

Philadelphia Flyers +15000

Columbus Blue Jackets +20000

Arizona Coyotes +25000

Anaheim Ducks +25000

Montreal Canadiens +25000

Chicago Blackhawks +25000

San Jose Sharks +25000

NHL Expert Picks to Win 2023-2024 Stanley Cup

Los Angeles Kings +2500: I've been a fan of the Kings for the past few seasons when no one believed in them, and now they have made the playoffs two years in a row. We made so much money off of this team alone this past season, as they were frequently undervalued, which I believe they are here as well. Getting 25/1 with a team that I think is top-4 in the West is some seriously good value, and I think they will only continue to get better. They have a fantastic defense and a solid offense, but they need more consistent goaltending to take that next step. Perhaps that is Phoenix Copley or Joonas Korpisalo who are already on the roster, or they decide to do something else this offseason, but I expect them to be even better all-around in 2023. It's time to take this team seriously.

Ottawa Senators +4500: The Sens caused us a lot of both joy and frustration this past season, but they ultimately fell short of making the playoffs. Still, if you have been reading my analysis for a while now, you know how high I was on this team. Ottawa was one of the only teams in the NHL that failed to make the playoffs despite having a positive shot differential, which is pretty remarkable. What this means is that they actually outplayed their opponents on average, but they had too many games where they just got absolutely obliterated. With a full offseason in front of them, I think they can add more pieces that can really help improve this team. That starts with goaltending, much like the Kings. Easily their biggest problem in 2022-23 was in net, where they allowed a .895 SV%, which is well below average. If they can fix that, and keep up their offense, they can be very dangerous next year as a dark horse.

Past Stanley Cup Winners 

2023: Vegas Golden Knights

2022: Colorado Avalanche

2021: Tampa Bay Lightning

2020: Tampa Bay Lightning

2019: St. Louis Blues

2018: Washington Capitals

2017: Pittsburgh Penguins

2016: Pittsburgh Penguins

2015: Chicago Blackhawks

2014: Los Angeles Kings

2013: Chicago Blackhawks

Understanding Stanley Cup odds

New to the sports betting landscape? Don't worry, we'll get you started in the right direction to cashing nightly with our bets. BetQL have you covered and we'll explain everything right here. Taking a Stanley Cup winner future bet simply means you are betting on who is going to win the Stanley Cup Final at the end of the season to take home the championship. Keep in mind, the bet won't be paid out until a winner is crowned.

A bet of +800 means 8/1 odds. That means that for every $1 bet, you would win $8 if the bet cashes.

How to bet Stanley Cup odds 

It's easy to place a wager on Stanely Cup futures, as we explain below:

  • Log on to DraftKings Sportsbook
  • Head to the NHL tab
  • Click on the team futures tab
  • Scroll to "winner" tab

You can place these bets at any sportsbook of your choosing, but I recommend using whatever book gives you the best number to get the maximum value on your bet. If one book is offering +900, while the other is offering +950 and you want to bet it, always take the +550. It's extremely important to always get the best number if you want to have long-term betting success.