The Colorado Avalanche dethroned the two-time defending champions the Tampa Bay Lightning to win the championship for the first time since 2001 on Sunday. Shortly after beating the Bolts 2-1 in Game 6, Vegas oddsmakers made the Avs +500 favorites to lift the Stanley Cup in 2023.

Is it the beginning of a dynasty for Colorado, will the Lightning exact revenge, or will another franchise lift the Lord Stanley Mug next year?

Get futures betting insights and the latest odds for the 2023 NHL Stanley Cup

2023 NHL Stanley Cup Betting Odds

Odds provided by Bovada
Team Stanley Cup Odds
Avalanche +500
Maple Leafs +900
Panthers +1000
Lightning +1000
Golden Knights +1000
Hurricanes +1100
Flames +1800
Wild +1800
Penguins +2000
Oilers +2000
Rangers +2000
Blues +2500
Bruins +3000
Islanders +3500
Kings +3500
Capitals +4500
Canucks +4500
Stars +5000
Jets +5000
Predators +6000
Flyers +7000
Red Wings +7000
Devils +7000
Senators +7500
Sabres +8000
Ducks +10000
Blue Jackets +10000
Sharks +10000
Kraken +10000
Blackhawks +10000
Canadiens +15000
Coyotes +25000

NHL Championship 2022-23 Info

  • The 2022-23 NHL season gets underway on October 11, 2022
  • NHL betting sites have the Colorado Avalanche as +500 Stanley Cup favorites
  • The second favorites are the Toronto Maple Leafs (+900)
  • Vegas oddsmakers have made the Arizona Coyotes the biggest opening longshots to win the NHL championship.

Exciting Times for the Avs?

After ending their 21-year wait for a title on Sunday, Vegas oddsmakers made the Avs the early frontrunners for the second year in a row. Despite a few scares against the Bolts, Colorado showed that they were the NHL’s most complete team this year.

Avalanche general manager Joe Sakic’s decision to acquire Lehkonen, defenseman Josh Manson and veteran forward Andrew Cogliano paid off. They became the perfect complement to Colorado’s solid core that lacked the edge to go all the way.

Sakic, who captained Colorado’s first two title-winning teams in 1996 and 2001, has created a skillful team that attacks with a frightening pace to overwhelm opponents. The Avalanche demonstrated how effective this approach is in the playoffs with an opening sweep of Nashville through a hard-fought, six-game series against St Louis, another sweep of Edmonton, and then a 4-2 series win against Tampa Bay.

…a skillful team that attacks with a frightening pace to overwhelm opponents.

As they will likely keep hold of stars Cale Makar, Nathan MacKinnon, Nazem Kadri, and left winger Andre Burakovsky, it isn’t easy to see another side stopping them from creating a dynasty. Nevertheless, they must sort out their goalkeeping situation.

On his day, Darcy Kuemper is a quality goaltender. However, he’s lacked consistency this season.

Jared Bednar decided enough was enough and pulled him from Game 3 of the NHL finals after conceding five goals from 22 shots. This drastic move gave an insight into how Colorado will want to recruit for next season.

Therefore, if they secure the services of a solid goaltender, Vegas oddsmakers could make their odds even shorter.

Other Top Contenders

Currently, the Toronto Maple Leafs look like the most likely to prevent the Avs from creating a new legacy.

With center Auston Matthews, who captured a second-straight Rocket Richard Trophy as the NHL’s leading goal scorer this season (60 goals in 73 games), the Leafs will be formidable opponents.

Yet despite looking sharp in attack, if goaltender Jack Campbell leaves via free agency, they’ll be vulnerable at the back. For this reason, it’s wise to wait until they’ve addressed this situation before placing action on them to win their first Stanley Cup since 1967.

After the way the Florida Panthers fell to the Lightning in the playoffs , they replaced Andrew Brunette with Paul Maurice as head coach. However, as Maurice hasn’t won a Stanley Cup in his 30-year coaching career, the Panthers don’t represent good betting value at +1000.

…as Maurice hasn’t won a Stanley Cup in his 30-year coaching career, the Panthers don’t represent good betting value at +1000.

Despite failing to win three consecutive championships, the Lightning showed they are a quality side by making the finals. Considering Brayden Point was absent for large parts of this postseason run, this was no mean feat.

Because the core will be intact and players like Anthony Cirelli and Mikhail Sergachev could come into their own next season, Tampa Bay are a solid wagering option.

Recent Stanley Cup Winners

Recent NHL Stanley Cup Winners
Season Stanley Cup Winners Odds before Playoffs Runner-Up
2021-22 Colorado Avalanche +550 Tampa Bay Lightning
2020-21 Tampa Bay Lightning +800 Montreal Canadiens
2019-20 Tampa Bay Lightning +650 Dallas Stars
2018-19 St. Louis Blues +1250 Boston Bruins
2017-18 Washington Capitals +1225 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 +2200 New Jersey Devils
2010-11 Boston Bruins +800 Vancouver Canucks

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Ben Perks

Ben began his journalism career over ten years ago. Since then, he's hacked away at his keyboard to produce articles for various publications, struggled to call football soccer, and cut off his hair to hide the fact he's going grey.