2022 Stanley Cup Finals Betting Odds

The 2021-22 NHL season culminates with the Stanley Cup Finals; the winner of the Championship series walks away with the oldest and arguably most coveted Ice Hockey trophy in the world: The Stanley Cup.

As always, the finals are a huge draw, which makes betting on the event a commonplace activity for ardent Ice Hockey bettors as well as casual bettors.

While others may prefer betting on the winner of the finals after the end of the NHL regular season, shrewd bettors can search for value early on by placing a Stanley Cup futures bet months in advance.

If you want to jump in on the action but don’t know where to begin, don’t worry, we’ve got you covered. Read on for everything that you need to know regarding betting on the 2022 Stanley Cup.

2022 Stanley Cup Futures Report

When the NHL odds for the 2022 Stanley Cup dropped, the Colorado Avalanche opened as the bookies’ favorites.

The Tampa Bay Lightning, the defending champions, opened as the second favorite in most sportsbooks, while the Vegas Golden Knights and the Toronto Maple Leafs were the other top contenders before the start of the season.

Of course, such odds will change as the season progresses, so we’ll always provide you with the up-to-date Stanley Cup odds down below.

Stanley Cup Favorites

Colorado Avalanche – The Avalanche are the undisputed Stanley Cup favorites. Despite three consecutive second-round exits in the playoffs, the bookies still rate them as the team to beat this season.

Colorado won the Presidents’ Trophy last season, and they’ll want to better that by winning the Stanley Cup for the first time since the 2000–01 NHL Season. However, they’ll have to do it without Philipp Grubauer who joined the Seattle Kraken, the most recent NHL expansion team.

Tampa Bay Lightning – The Lightning is gunning for a historic three-peat. No team has won the championship three times in a row since the New York Islanders won four Stanley Cups from 1980-83. So if Tampa Bay can manage to do so, it will be one of the most historic sporting achievements of our era.

Despite losing Blake Coleman, Yanni Gourde, and Barclay Goodrow, the lightning have a few exciting young talents—such as Mathieu Joseph—who can still deliver the goods.

Vegas Golden Knights – The Vegas Golden Knights are the second-latest expansion team, and they’ve had a very easy time adapting to life in the NHL.

In their four-year NHL history, they’ve reached the Stanley Cup semifinals three times, and they already have one finals appearance under their belt. So it’s only a matter of time before the Knights win their first Stanley Cup.

Toronto Maple Leafs – Toronto had to endure another torrid postseason performance last season. They finished first in the North Division but were knocked out by Montreal Canadiens in the first round of the playoffs.

Their recent postseason record doesn’t look too good; the last time that they made it past the first round of the playoffs was in 2013. Obviously, that’s not a good record for a team that is supposed to be challenging for the Stanley Cup year in, year out.

So the Maple Leafs have a lot to do this season if they want to win the Stanley Cup for the first time since 1967!

Stanley Cup Contenders

New York Islanders – The Islanders almost made it to the Stanley Cup finals last season, but they lost 1-0 to Tampa Bay in game 7 of the semifinals.

Anders Lee, the team’s captain, will be integral to their pursuits this season. Last season, he suffered an injury in March that made him miss the remainder of the 2020–21 season.

If he can manage to stay fit this season, then the Islanders should be expected to go a step further this season.

Florida Panthers – The Panthers will be vying for the Atlantic Division title this season. Florida finished second in last season’s makeshift Central division but ended up winning more games than the Carolina Hurricanes, who finished first.

Aaron Ekblad, the team’s star blueliner, missed out on a huge chunk of the season after breaking his leg in March. Now that Ekblad is fully fit, the Panthers are expected to be a strong force this season with the defenceman back on the ice.

Boston Bruins – Boston Bruins have qualified for the playoffs in each of the last five seasons and should still be expected to make the playoffs this season. However, the biggest concern for the Bruins is their goalie situation.

Veteran goalie Tuukka Rask had to undergo surgery and started the season as a free agent, meaning that Boston has to rely on either Linus Ullmark—who most recently played for the Buffalo Sabres—or rookie Jeremy Swayman to be their starting goaltender.

Stanley Cup Underdogs

Montreal Canadiens – The Canadiens may have been last season’s beaten finalists, but that great postseason run cloaks their not-so-impressive regular season. They only managed to win 24 games during the regular season, and the number of points that they accumulated wouldn’t have been enough to secure a playoff spot in any of the other divisions.

This season, Montreal found themselves in a harder division, and their squad changed drastically during the summer. They’ll have to do without Jesperi Kotkaniemi and Corey Perry, who both left the Canadiens, while forward Paul Byron and Veteran defenceman Shea Weber will both be sidelined for a large part of the season.

Still, the Canadiens can use their impressive postseason run to motivate themselves this season. They’ve already defied the odds once, so who’s to say that lightning can’t strike twice for the Montreal Canadiens?

Seattle Kraken – The Seattle Kraken, NHL’s newest franchise, will look to replicate the Golden Knights’ recent success. Vegas were the beaten finalists in their debut season, and that should be more than enough inspiration for Seattle.

The Krakken has a solid defense, though there are still many doubts regarding the team’s offense.

Stanley Cup Long Shots

Winnipeg Jets – When the bookies released the odds for the 2022 Stanley Cup, the Jets’ starting odds hovered at around +4500, making them one of the most undervalued teams in the NHL.

They have long been one of the best offensive teams, but their Achilles heel has always been their defense. However, Winnipeg made a few offseason signings and have massively bolstered their blueline.

Brenden Dillon and Nate Schmidt were both acquired during the NHL offseason and will hope to give goalie Connor Hellebuyck some much-needed cover.

Vancouver Canucks – The Vancouver Canucks have never won the Stanley Cup, so this is a huge long shot. Their recent playoff record also doesn’t inspire much confidence—in the past six seasons, they’ve qualified for the playoffs just once.

This season, their chances of making the playoffs have been bolstered by the fact that they are in a weak Pacific Division, and Vancouver are under enormous pressure from their fans as well as the media. So to say that it’s a do-or-die season for the Canucks is a massive understatement.

Buffalo Sabres – With starting odds averaging +20000, this is probably the longest long shot that there is in the NHL, probably even in the history of the league.

The Sabres are constantly always rebuilding, yet they have nothing to show for their multiple restarts and rebuilds. They haven’t made the playoffs in the last 10 seasons, and it doesn’t look like they’ll be qualifying for the playoffs any time soon.

Buffalo has a thin squad, and they now have to deal without star player Jack Eichel who left the Sabres after an unprecedented saga ensued. So, could a rebuild finally work for the Sabres? We’ll just have to wait and see.

How To Bet On Stanley Cup Futures

There are many advantages of placing a Stanley Cup futures bet, but the best advantage of doing so is that you can find extraordinary value when you back a team before the season begins or even during the early parts of the season

Take the Lightning, for example. Their odds before the start of the 2020-21 season were +850.

By the time the finals began, their odds of winning the Stanley Cup had reduced to -200. So anyone who backed Tampa Bay before the season began ended up having a greater return.

So if you want to place a Stanley Cup futures bet, here are the steps that you should follow:

  1. Use your credentials to log in to your sports betting account.
  2. From the list of sports, choose hockey.
  3. Select NHL from the available ice hockey leagues.
  4. Click on Stanley Cup.
  5. Go to the outright winner market.
  6. Choose the team that you think will win the Stanley Cup.
  7. Enter the amount that you wish to wager on the bet slip.
  8. Confirm and place your bet.

Popular NHL Stanley Cup Bets

There are several Stanley Cup bets that you can place. The most obvious is betting on the outright winner, which we’ve explained above.

Other futures bets that you can place include the following:

Winning Nation – Will the winning team be an American team or a Canadian team?

Winning Division – Here, you’re betting on which division the winning team will be from. For example, if you bet that a team from the Atlantic Division will win the Stanley Cup, then you’ll win your bet if one of the eight teams from the Atlantic Division wins the championship.

It doesn’t matter which team wins it, just as long as the winning team originates from the Atlantic Division.

Winning Conference – This is quite similar to the above-mentioned market. Here, you’re betting on whether the Stanley Cup winners will be from the Eastern Conference or the Western Conference.

Team To Reach The Final – If you’re confident that a certain team will go deep into the playoffs but you aren’t sure whether they’ll go all the way, you can back them to reach the final instead. They can win or lose the final, and you’ll still win your bet.

Stanley Cup Betting Strategies

If you want to reap great rewards from the Stanley Cup, you need to approach it from a strategic standpoint. That way, you won’t be going in blindly and you’ll have a plan of action that will help you beat the bookies.

Here are a few Stanley Cup betting strategies that will help increase your chances of winning as well as increase your potential payout:

  • Line shopping – Line shopping is a simple strategy that most sharps incorporate into their betting systems. Simply put, you compare the odds from different sportsbooks and go for the best odds on the market. For example, if sportsbook A prices Tampa Bay at +750 while sportsbook B prices the same team at +800, it makes sense to go with sportsbook B because they’re paying out more for the exact same wager.
  • Hedge Your BetsHedging in sports betting is simply betting against your original wager to guarantee a return or to cut back on losses. With futures bets specifically, it may reach a certain point where hedging will guarantee you a return, and it’s a tactic that is deployed by bettors who love to err on the side of caution.

For example, let’s say that you backed the Jets before the start of the season when they were priced at +4500. They defy the odds and reach the finals, and their odds of winning the Championship have now dropped to +250.

However, they are up against a great team, and there is still a great chance that they may not win the cup. To secure a return in this scenario, you can bet against the Jets in such a way that you’re guaranteed a return regardless of who wins the finals.

  • Using Advanced Metrics To Your Advantage – There are a lot of stats that can help you gauge potential bets. The best thing is, a lot of these metrics are widely available on the internet for free.

Stanley Cup Handicapping Tips

In addition to the above-mentioned betting strategies, here are a few handicapping tips that you should always keep in mind:

  • Don’t Blindly Back The Favorites – We aren’t discouraging you from betting on the favorites, but you need to make sure that you are not betting on the favorites just because they are the favorites. All you need to do is ensure that you’ve done your homework before you place such a bet.
  • Monitor Any Potential Line Movements – Keep an eye on the teams as the season progresses. Line movements will tell you who the public is backing. Monitoring line movements will also expose you to crucial information that you may have missed. For example, if a team’s odds increase/decrease drastically, this may be because of a team’s form or because a star player has been injured or traded to another team.