2020 Stanley Cup Odds Favor Capitals, Bruins & Avalanche at Less Than 9-1 Odds

  • BetOnline’s updated odds have the Washington Capitals (+800) as the new Stanley Cup favorites
  • The Arizona Coyotes’ odds jumped up to +1200 after acquiring star winger Taylor Hall from the Devils
  • Currently sitting outside the playoffs, the preseason Cup favorites in Tampa Bay have seen their odds double to +1400 

Decades from now, when hockey fans bounce their grandkids on their knee while telling stories about Alexander Ovechkin, why do I get the feeling that we’ll all start by describing The Great Eight’s epic 2018 Stanley Cup celebration rather than the fact that he went on top Gretzky’s career goals record?

Almost halfway through the season and oddsmakers seem to think we have a chance at a summer sequel, listing the Capitals as +800 favorites to once again drink liters of vodka from Lord Stanley.

Let’s examine the latest odds at BetOnline and look at all the risers and fallers on the board.

ODDS TO WIN STANLEY CUP

Team Current Odds Trending Before Season
Washington Capitals +800 +2000
Boston Bruins +900 +1400
Colorado Avalanche +900 +1400
Arizona Coyotes +1200 +2500
St. Louis Blues +1200 +1600
Tampa Bay Lightning +1400 +700
Vegas Golden Knights +1400 +1200
Dallas Stars +1600 +2000
New York Islanders +1600 +2500
Pittsburgh Penguins +1600 +2000
Toronto Maple Leafs +1600 +1200
Calgary Flames +2000 +2000
Carolina Hurricanes +2000 +3300
Minnesota Wild +2000 +3300
Nashville Predators +2000 +2000
Philadelphia Flyers +2000 +2800
Buffalo Sabres +2500 +5000
Florida Panthers +2500 +1600
Winnipeg Jets +2500 +1600
Edmonton Oilers +3300 +4000
San Jose Sharks +3300 +2000
Vancouver Canucks +3300 +4000
Montreal Canadiens +5000 +3300
New York Rangers +4000 +2500
Chicago Blackhawks +10000 +3300
Columbus Blue Jackets +15000 +5000
Anaheim Ducks +25000 +6600
New Jersey Devils +25000 +2500
Ottawa Senators +25000 +15000
Los Angeles Kings +50000 +6600
Detroit Red Wings +100000 +10000

STANLEY CUP ODDS RISING

Led by Norris Trophy favorite John Carlson, the Capitals top the NHL with 53 points. Showing no signs of slowing down (8-2 record in last ten), Washington has upped their Cup odds from +2000 before the season opener to +800 today.

The Bruins looked every bit as dominant as last year’s Eastern Conference champions before hitting the skids with losses against the Kings, Senators and Blackhawks in recent weeks. Like Boston, Colorado’s odds have shifted from +1400 to +900.

After almost making the Western Conference Finals last May, the young Avalanche look ready to make a deep run thanks to star center Nathan MacKinnon (third in NHL scoring with 53 points) and Calder-favorite Cale Makar, who’s currently nursing an upper-body injury.

The Coyotes made the biggest jump on the board after acquiring 2018 Hart Trophy winner Taylor Hall from the Devils, moving from +2500 to +1200.

Currently leading the Pacific division and on track to collect their first postseason berth in eight years, Arizona will be without netminder Darcy Kuemper for the foreseeable future after the Vezina contender suffered a lower-body injury against the Wild on Thursday.

As mentioned in our recent Eastern Conference odds update, both the Islanders (+1600) and Hurricanes (+2000) have also been outplaying preseason expectations, while MVP candidate Jack Eichel and his Sabres (+2500) are surprisingly holding down a playoff spot in the Atlantic.

STANLEY CUP ODDS FALLING

Sitting five points out of the East’s last wildcard spot, Tampa Bay’s Cup odds have doubled from +700 to +1400. Jon Cooper benched Nikita Kucherov on Tuesday night after last year’s Hart and Art Ross winner committed a costly turnover, but one has to wonder how long the Lightning coach will be behind the bench if his team doesn’t turn it around soon.

Listed at +1600 odds before the year, the Panthersone of our best bets at +180 to miss the postseason are now at +2500 and sitting outside the playoffs. Also dropping from +1600 to +2500, the Jets’ early-season struggles have been well-documented, but a bounce-back campaign from Finnish sniper Patrik Laine has kept them in a playoff spot for now.

Near the end of October, we tried to warn you not to bet the Oilers at +400 to win the Pacific division, and they have since gone on to lose eight of their past 11 games. While their odds have technically shortened from +4000 to +3300 since the start of the season, Edmonton is in a full-out freefall.

The Sharks saw a huge drop in their Stanley Cup odds (from +2000 to +3300), firing coach Peter DeBoer on December 11 after a five-game skid put the club under .500, but the Devils are the season’s biggest fallers, with their odds dropping all the way from +2500 to +25000.

If looking for a value bet over the holiday season, let me present the Pittsburgh Penguins (+1600), who are currently holding down a playoff spot with a 20-10-4 record despite missing Sidney Crosby and Evgeni Malkin for large portions of the season.

Best bet: Penguins (+1600)

Steve Dominey

Steve has almost 15 years of experience in marketing, PR and sports television. After acquiring a Journalism degree from Carleton University, he assembled highlight packs for Canada's most-watched sports network (TSN) before transitioning to a career in communications. He describes himself as a good father, great dog owner, and mediocre gambler and husband.