NHL Odds, Betting Lines, & Predictions for Stanley Cup 2023
The 2023 Stanley Cup Finals are almost in session. We’ve got you covered with the latest and best NHL odds that you can grab at some of the top-rated Canadian betting sites.
List of NHL Odds
- Boston Bruins (+425)
- Colorado Avalanche (+700)
- Carolina Hurricanes (+900)
- Toronto Maple Leafs (+950)
- Vegas Golden Knights (+1000)
- New Jersey Devils (+1100)
- Dallas Stars (+1400)
- Tampa Bay Lightning (+1400)
- Edmonton Oilers (+1500)
- New York Rangers (+1600)
- Minnesota Wild (+2000)
- Calgary Flames (+2200)
NHL betting is a lot of fun - and the heat is about to crank up as we approach the last stages of the NHL season. This means playoffs, the Stanley Cup Finals, and lots of ways to make bank.
In this article, we’ll look at the best odds for the Stanley Cup that are available right now. We’ll also be assessing other types of NHL odds that you can currently claim, as well as the different types of bets and ways you can win when watching the NHL.
Let’s start!
Best Betting Sites for the NHL (Canada Edition)
- Bodog: Best NHL betting site overall
- BetOnline: Best for prop bets
- CloudBet: Best for crypto sports betting
- SportsBetting.ag: Excellent sports bonuses
- Everygame: Best for live betting
- 20Bet: Best mobile sportsbook
NHL Stanley Cup Info
When Does the Stanley Cup Take Place?
The 2023 Finals begin on June 7 and will end on June 18 at the latest.
Where Will the Finals be Staged?
As always, the games will be held equally at the home stadiums of the competing teams.
Who Won Last Year?
The Colorado Avalanche won the 2022 NHL finals.
How Many Games Do the Finals Consist of?
The finals is a best of 7 series but can consist of as little as four games depending on how the series takes shape.
Brief Recap of the 2022 NHL Finals
The 2022 Finals was contested between the Tampa Bay Lightning and the Avalanche.
The Lightning reached the Stanley Cup for the third year on the spin and had won both previous Stanley Cups in 2020 and 2021. Their appearance was the fifth in their history, and they came into the Finals as the second favorites.
The Colorado Avalanche, on the other hand, were appearing in the Finals for the first time since 2001, when they beat the New Jersey Devils. They started the Finals as the favorites at all the best sportsbooks.
Game one went into overtime, with the Avalanche edging a 3-4 victory. Game two was a whitewash, with Avalanche extending their Finals lead to 2-0 on the back of a stunning 7-0 victory.
However, it wasn’t all one way, with Avalanche’s keeper Darcy Kuemper facing 16 shots.
The Lightning needed to come up with a recovery job and got off on the right foot in Game three, which they won 6-2. The Avalanche restored their two-game advantage immediately in Game four with a 3-2 overtime victory.
The Colorado Avalanche were looking to seal the Stanley Cup finals in Colorado in Game five, but the Lightning dug in and managed to escape with a 3-2 win in a very even contest.
Back home in Tampa, however, the Lightning threw away a 1-0 lead to lose 2-1 to the Avalanche, who clinched the trophy.
The Conn Smythe Trophy for the most valuable player (MVP) in the playoffs went to Cale Makar, who was also awarded the Norris Trophy.
Keys to the Game
The Boston Bruins entered November with a 9-1 record, which saw them emerge as the second favorites to win the Stanley Cup.
Their odds shortened even more at the start of December, although the Avalanche were still the (+475) favorites.
As we move through January, the Bruins have overtaken last year's winners, the Colorado Avalanche, and are firmly in the driving seat as the (+600) favorites at most sportsbooks. They have a 28-4-4 record, which is the best in the NHL at the time of writing.
However, there’s still time to go, and several teams are in the mix. The likes of the Avalanche (+700), the Carolina Hurricanes (+900), and the Vegas Golden Knights (+1000) are not only available at good prices, but they’re also in with a great chance of reaching the Finals - and going onto win the Finals.
Last year's runner-ups, Tampa Bay, are priced as outsiders at (+1400).
We’re not surprised that the Bruins are now the undeniable favorites to win the Stanley Cup. Although the Finals are still some way off, the Bruins enjoyed a remarkable first half of the 2022/23 season and have continued their sterling form into 2023.
Therefore, the Bruins seem unstoppable now, and their (+425) may shorten even more soon.
The Colorado Avalanche will take some stopping themselves, however. They’ll want to repeat what eight other NHL teams have done by winning back-to-back Stanley Cups. The Tampa Bay Lightning did it recently, beating the Avalanche in last year’s Finals.
At this point, though, even though the Bruins are the favorites and the form team, it is anyone’s and everyone’s. Considering everyone is available at good odds, a smart idea is to go with your instinct and back a team you really fancy.
NHL Betting Odds: Best Bets 
Outright Winner
We’re only in January, which means betting on the outright winner for the Stanley Cup is a little bit tricky - but it also means that the odds are probably the best they’re gonna get for the eventual winner.
Even the favorites, the Boston Bruins, are available at the best price of (+425) at sportsbooks like Bodog. However, we recommend you shop around other best gambling sites in Canada like Bovada to see if you can lock in an even better price.
The Colorado Avalanche are the (+700) second favorites but still need to work hard to secure a playoff place, their season hardly helped by a big injury list.
Betting on the outright winner is the simplest bet you can place on the Stanley Cup because the team you back just needs to win the Finals - nothing else needs to happen.
Division Winners
As well as betting on who you think will win the Stanley Cup, you can also bet on who will win each Division.
Just like betting on the Finals winners, betting on a Division winner means your team just needs to win the Division for you to win your bet.
Let’s break this down a bit more:
Metropolitan Division
This is pretty much a straight-up duel between the Carolina Hurricanes, who are currently top of the Metropolitan Division, and the New Jersey Devils, who are hunting them down in second place.
The Devils are in awesome form right now and have a 7-1-1 record over their last nine games as we write this.
The Hurricanes remain the huge (-160) favorites, but we recommend keeping an eye on the Devils at (+220), the only team that can catch them.
Atlantic Division
The Boston Bruins are a shoo-in for the Atlantic Division and are priced at (-2000). It’s, therefore, not worth taking them at this point.
The Toronto Maple Leafs are priced at (+1200) to top the Atlantic Division, but we suggest swerving this one. After all, the Bruins are not only top of their Division at the moment - they’re also top of the League.
Central Division
The race for the Central Division is the most interesting one right now for both NHL fans and NHL bettors. It’s currently a tie between the Dallas Stars and Winnipeg Jets at the top of the table, with the Stars edging it because of their superior goal differential.
The Stars, though, have an injury to Roope Hintz to contend with - and this could let the Jets in via the backdoor. You can bet on the Stars at (-110) and the Jets at (+225).
If you still think the Minnesota Wild can catch both teams, they’re available at (+650).
Pacific Division
If you’d have bet on the Vegas Golden Knights a couple of years ago when they were still new, you’d have got them at a great price. Today, they’re no longer new - and they can no longer catch the bookies by surprise.
The Golden Knights are currently top of the Pacific Division, and you can catch them at (+180) to still be topping it by the end of the regular season.
We like the look of them - but we also like the look of the even newer Seattle Kraken to catch them up and overtake them at (+210).
Conference Winners
As well as betting on who you think will win the NHL Finals and who you think will win each Division, you can also bet on the Conference winners.
Betting on the Conference winners gives you better odds because the field is larger. For example, the Boston Bruins are available at the super short price of (-2000) to win their Division - but they’re priced at the much more appealing (+225) to win the Eastern Conference.
The Toronto Maple Leafs are the (+500) second favorites for the Eastern Conference, while the Hurricanes are pegged at (+500).
In terms of the Western Conference, things are even tighter. Bookies like BetOnline have currently got the Avalanche as the (+350) favorites, the Golden Knights as the (+400) second favorites, and the Dallas Stars as the (+550) third favorites.
As with the eventual winners of the Stanley Cup, it could be anyone's.
NHL Hart Memorial Trophy Odds
The NHL Hart Memorial Trophy is awarded to the player deemed the NHL MVP of the year. In other words, the most valuable player for their team throughout the 2022/23 season. It’s named after Dr. David Hart and was won a record eight times by Wayne Gretzky throughout the seventies and eighties.
For the 2022/23 season, sports betting sites in Canada have installed Connor McDavid as the big (-350) favorite. If you think anyone but him will win it, you’ll be sure to make big gains, with even the second favorite David Pastrnak coming in at the huge price of (+1400).
Nikkita Kucherov is priced at (+1600), while you can bet on Jack Hughes at (+2000).
Get a Bonus to Bet on the NHL for Playing at Bodog
One of the best ways to get started betting on the NHL is with a welcome bonus - and Bodog is currently offering new players a $400 welcome bonus that can be used on the NHL and all other sports.
This 100% sports welcome bonus works as a matched deposit offer. If you deposit $100 straight off the bat and opt-in to the bonus, Bodog will add an extra $100 to your account.
Per the T&Cs, the most you can receive for this welcome offer is $400.
Bodog is an established NHL betting site that has been around for more than 25 years. It offers a wide range of markets on the NHL, competitive NHL futures odds, and a raft of tools to enhance the betting experience. These include a Prop Builder and same game parlays.
If you’re considering joining Bodog today, here’s how to do it in a few easy steps:
Step 1: Initiate your registration
There’s a red “JOIN” button to the top right of the homepage that you need to click to get the registration process underway.
Step 2: Fill in the form
A simple, single-page form then pops up on your screen. You need to fill in the required fields, these include your first and last name, email address, and password.
Step 3: Agree to the terms and conditions
Once you’ve filled in your details, just tick the box to confirm you agree to Bodog’s T&Cs before clicking “Register” to finish things off.
Where to Bet on the NHL 2023 Stanley Cup: Bodog
Hugely reputable brand: Bodog is practically synonymous with NHL betting and sports betting. It was launched in 1994, has more than 25 years of experience servicing NHL bettors, and it’s owned by the same company that owns a string of other established betting sites.
Regular bonuses and contests: You can get started at Bodog with a $400 sports welcome bonus - but the fun doesn’t stop there. Bodog rewards players with cashback offers, reload bonuses, and a rewards program you can enjoy throughout the NHL season.
Competitive NHL odds: Bodog consistently offers some of the best NHL odds in the industry. This is especially true of their futures markets, including the Stanley Cup, and they also release NHL specials throughout the season. This allows you to bet on specific markets at enhanced odds, boosting your profits.
Tools and features: Bodog is one of the most innovative sportsbooks around. You can take advantage of a Props Builder, which allows you to bet on a wide range of NHL props, and you can also request your wager via #NameYourPlay. Same game parlays are available, too.
Why Bet on the Stanley Cup Online
Easy to do: Betting online on the NHL has never been easier. You just need an account at a sports betting site, and then you can start placing bets whenever you want, wherever you are.
Grab the best odds: When you bet on the Stanley Cup online, you can compare the odds offered by different sports betting sites. This allows you to always place your bets at the best available price, which means you’re always guaranteed to lock in maximum profits.
It’s safe and secure: Betting on sports online has never been safer when you sign-up for legit sportsbooks that are licensed and legal to operate in your area. The top sportsbooks are SSL-secure, are regulated by the gambling commission, and only support trustworthy banking options.
Bet in play on the Stanley Cup: The Finals are even more exciting when you bet in play. You can bet on the next team to score, the over/under, the point spread, and the moneyline while the action unfolds. This allows you to watch the game and make a sound judgment based on the events.
NHL Odds & Betting Guide
How Can I Find the Best NHL Betting Odds?
To ensure you're always getting the best NHL betting lines, it's well worth signing up to a few different sportsbooks. Then, you can compare their odds on specific markets, such as NHL spreads and moneyline bets.
Some specialist websites offer NHL odds comparisons for you to check at a glance.
What Is the NHL Puck Line?
NHL Puck lines are the NHL alternative to the NFL goal spread. For example, if you bet on a team (-1.5) and the team wins by 2 points or more, you win your bet.
The puck line comes with better odds than the moneyline bet and is worth using whenever you think a team will win comprehensively by X number of points.
What NHL Games Can I Bet On?
There are hockey lines available for every single NHL game all season long. You can bet during the regular season, the playoffs, and the Finals.
What Types of NHL Bets Can I Place?
There is a wide range of NHL bets you can place. These include the more well-known bets, such as the moneyline, when you bet on a team just to win outright, and the puck line, which is the hockey betting Canada alternative to the point spread in the NFL.
You can also try NHL totals, a type of bet that requires you to bet on whether you think there will be over X number of total goals or under X number of total goals.
You can also create parlays and add several selections to the same bet. NHL futures are available as well.
Who Will Win the NHL Finals?
The Boston Bruins are the (+425) favorites at practically all sportsbooks to win the NHL finals. They're the form team whose odds have been continually shortening since November.
They have many high-caliber players on their team, including David Pastrnak, the second favorite to win the NHL Hart Memorial Trophy.
Last year's winners, the Colorado Avalanche (+700), must not be discounted, however, while the Vegas Golden Knights are still very much a part of the conversation.
How Do I Read NHL Betting Odds?
The simplest way to read betting lines at sports betting apps in Canada is to remember that the favorite in NHL games is usually represented by a minus sign (-), while the underdog team is represented by a plus sign.
When a game has already started, live NHL odds work similarly- the winning team will probably be represented by a minus sign, especially if they were the pre-match favorites.
What NHL Prop Bets are There?
At top-rated sportsbooks like Bodog, you can bet on various prop bets. This means you can bet on player props - such as a keeper making X number of saves or a player scoring 1.5 points - and team props, such as a team scoring under 2.5 points.
Prop bets allow you to get a bit more creative with your bets, which can often come with better odds.
How Do I Bet On an NHL Game?
Bodog and make a first deposit.
Then, you're free to check the different markets and the potential payout of any bet you might want to place.
Once you've picked a bet and are satisfied with the odds, just enter a stake and click "place bet" to place your wager.
Our similar articles to check out:
Where to Find the Best NHL Odds?
We’ve listed the best NHL odds you can grab when betting on the NHL finals, Division, and Conference winners. The Boston Bruins are the current in-form team and are available at an attractive (+425). However, the Finals are still anyone’s as we enter the last stages of the season.
Whatever you decide to do, it’s important to always set a bankroll and gamble responsibly when betting on the NHL.
Disclaimer: Check your local laws to ensure online gambling is available and legal where you live. Underage gambling is an offense, all sites are 18+ ONLY. Gambling can be addictive, please play responsibly and only bet what you can afford. Casinos listed may not be available in your region.
