NHL

2022-23 NHL Stanley Cup Odds

Can a Canadian Team Finally Bring the Cup Home?


2022-23 Stanley Cup Odds

With over a century of history surrounding one of the most prestigious trophies in sports, the Stanley Cup will once again be up for grabs heading into the 2022-23 NHL season. With several legitimate contenders all vying for the chance to hoist Lord Stanleys Cup, it will be a war zone on the path to glory this season.

Below you will find an updated odds table for all 32 NHL franchises and their attached 2022-23 Stanley Cup odds. This table showcases the 2022-23 Stanley Cup Odds so you’ll know who are the clear cut favourites, as well as the biggest underdogs who will be fighting to produce their own cinderella story en route to Stanley Cup glory.

Use these odds as a tool when placing any of your NHL Futures bets so you can make an informed decision when wagering on who you believe will reign supreme this NHL season.

TeamStanley Cup Odds
Colorado Avalanche+450
Boston Bruins+600
Vegas Golden Knights +900
New Jersey Devils+1100
Carolina Hurricanes +1100
Toronto Maple Leafs+1200
Calgary Flames+1400
Tampa Bay Lightning+1400
Florida Panthers +1500
Dallas Stars +1800
New York Rangers+2000
Edmonton Oilers +2000
Pittsburgh Penguins+2500
Minnesota Wild+3000
Los Angeles Kings+3500
New York Islanders +4500
Winnipeg Jets+5000
St. Louis Blues+6000
Seattle Kraken +6000
Washington Capitals+7000
Nashville Predators +8000
Detroit Red Wings+12000
Buffalo Sabres+13000
Vancouver Canucks +15000
Ottawa Senators+18000
Philadelphia Flyers+20000
Montreal Canadiens+20000
Columbus Blue Jackets+25000
San Jose Sharks+25000
Anaheim Ducks+25000
Chicago Blackhawks+25000
Arizona Coyotes+100000

(Odds Courtesy of DraftKings Sportsbook as of November 29th, 2022)

Why are the Avalanche the Favourites?

Coming off of a dominant season and Stanley Cup run in the 2021-22 season, the Colorado Avalanche are poised to once again claim the Stanley Cup.

The Avalanche are easily one of the most talented teams in the entire NHL, with skill galore at each position coupled with a hardhat mentality to get the job done by any means necessary. As the defending champs the Avs will have a target on their back when facing off against other tough competition within the league, but their championship swagger will give them a definite edge while staring into the face of adversity.

With several key members from last years Stanley Cup winning team returning to the Avalanche this season, their championship core remains in-tact. This will give them a major edge when progressing through the hurdles of the NHL season as they know what it takes to get back to the promised land.

Most notably within the Avalanche championship core is the play of Nathan Mackinnon and Cal Makar. The superstar duo are arguably the best players in all of hockey and have demonstrated this on the biggest stage. With the two still just beginning to scratch the surface of their unlimited potential, Mackinnon and Makar could be set to dominate the NHL for many years to come.

The Avalanche are not perfect however. Their goaltending situation is not ideal, with Darcy Kuemper unable to keep up consistent play along with newly acquired netminder Alexandar Georgiev still unproven himself, there could be trouble between the pipes for Colorado.

Don’t sleep on the Colorado Avalanche this season, they’ve proven they’ve got what it takes to become Stanley Cup champions, so don’t be surprised if they come back this season and dominate all over again.

What Canadian Team has the Best Chance to Win the Stanley Cup?

It’s been a long time since we last saw the Stanley Cup won on Canadian soil. In-fact, if no Canadian team is successful in winning it this season, it will mark 30 years since the Cup was last won by a Canadian team, the last victory coming from the Montreal Canadiens in 1993.

Looking to put an end to the reign of dominance by American-based teams, this season there are several Canadian teams that have a real chance at reclaiming the Stanley Cup.

Toronto Maple Leafs

Even though they haven’t escaped the first round of the Stanley Cup Playoffs since 2004, the Toronto Maple Leafs are currently slotted with the fourth-best odds to win the 2022-23 NHL Stanley Cup.

While the Maple Leafs have demonstrated they have an abundance of talent on their roster, after losing in the First Round of the Stanley Cup Playoffs in five of the last six seasons (the lone exception coming from their loss in the Qualifying Round to the Columbus Blue Jackets in 2020), it’s hard to give the Leafs the moniker as Stanley Cup contenders.

The Maple Leafs First-Round curse mixed with their dicey goaltending unit of newly acquired Matt Murray and Ilya Samsonov only adds fuel to the fire of why the Maple Leafs will not be the saviour for Canadian teams this season.

Now with that being said, the Maple Leafs are a star-studded group. Loaded with offensive firepower from superstars Auston Matthews, John Tavares, and Mitch Marner the Leafs can score with the best of them and could easily find themselves making a deep playoff push if they can exercise their demons and find their way out of the opening round of the playoffs in the uber competitive Eastern Conference.

Edmonton Oilers

After falling to the eventual Stanley Cup Champion Colorado Avalanche in a four-game sweep, the Edmonton Oilers are on the right track to finding their way back to the Stanley Cup Playoffs and once again make some noise.

Similar to the Maple Leafs, the bulk of the Oilers success stems from their overwhelming offensive prowess. With the star-studded duo of Hart Trophy winners Connor McDavid and Leon Draisital still leading the way for their team, the Oilers are nearly impossible for teams to contain on a nightly basis.

While the Oilers have proven themselves to be a force of nature on the offensive end, defensively they still need some work. Struggling at times to get the puck out of their own end as well as having shaky goaltending stemming from a rotating door of various goaltenders over the past few seasons.

If the Oilers can find a way to expand their game plan from simply trying to win shootouts against their opposition and instead play incorporate a more two-way focused strategy, we could see the Oilers find their way back to the Stanley Cup Final for the first time since 2006.

Calgary Flames

Also hailing from Alberta, the Calgary Flames have experienced quite the overhaul in personnel this offseason but it might just payoff in the long run. The Calgary Flames have the best odds of any Canadian team to win the Stanley Cup this season with the second-best odds among all teams in the NHL.

After flipping the league on its head with a blockbuster trade where Calgary acquired Jonathon Huberdeau & MacKenzie Weeger plus other assets in exchange for Matthew Tkachuk, the Flames instantly changed their teams culture but possibly for the better.

Also having lost longtime forward Johnny Gaudreau to the Columbus Blue Jackets this offseason, the new look Flames went out and acquired Stanley Cup Champion Nazem Kadri to help boost their forward depth. While it might take a while for this new unit to find their identity and mesh as a unit, there’s no shortage of upside with this team.

With tons of depth at every position, the Calgary Flames are set to lite the NHL on fire with a roster that is sure to bring unbridled excitement and potential back to the Saddledome this season.

Our Pick: Calgary Flames

There may be some growing pains to start, but if there’s a Canadian team that can get the job done this season and bring the Stanley Cup home, it’s the Calgary Flames. With incredible depth and a hungry roster hell-bent on success, the Flames potential could lead them to becoming the next juggernaut within the NHL.

If you want to back a Canadian team to capture the 2023 Stanley Cup, but are undecided where to lean, BetMGM supplies futures odds on whether a Canadian or American team will win it all.

Under the Radar Pick: Winnipeg Jets

This pick might not just be under the radar, it might not even get picked up on the frequency, but hear me out.

The Winnipeg Jets had a rough season last year, with constant internal battles from players, coaches, and management, it never seemed like the Jets were ever a cohesive unit. Entering into this season the Jets have a newly found sense of optimism with an entirely new coaching staff lead by Head Coach Rick Bowness.

With a revitalized team culture the Jets could find themselves back to competing at the highest level in the NHL. The Jets still have fantastic depth across the board plus star-caliber players such as Mark Scheifele, Pierre-Luc Dubois, and Conor Hellebuyck, the Jets can hang with even the toughest competition within the NHL.

At (+5000) odds to win the 2022-23 Stanley Cup, the Winnipeg Jets serve as a low-risk high reward futures bet for all sports bettors. Don’t wait, strike while the iron is hot and get in on the ground floor of the best underdog Stanley Cup bet available.

If you want to place a Stanley Cup bet but don’t know where to get started, head to CSB’s top online betting sites page to find the sportsbook for you and place your 2023 Stanley Cup wager.

Want the latest NHL Betting News? Canadian Sports Betting has got you covered with weekly picks & predictions on the NHL all season long so you can find your next winning hockey bet right here on CSB.


Matt Eichhorn

Matt Eichhorn

Having worked in the Sports Gambling industry since 2020, Eichhorn has expertise in all things sports betting. With experience covering various major North American sports leagues he has a wide array of knowledge to draw from when crafting his work.