Opening 2024 Stanley Cup Odds for all 32 Teams

2024 Stanley Cup odds have already been released following the conclusion of the 2022-23 NHL season on Tuesday night. While the Vegas Golden Knights captured their first-ever NHL Championships, the odds aren’t in favor of them repeating next year.

The early 2024 Stanley Cup odds price the Colorado Avalanche as favorites over the rest of the league. Two Canadian teams round out the top-three, while five other teams are in a tie for fourth place in the betting odds.

Let’s take a look at the opening Stanley Cup odds for 2024 and identify any teams that may be mispriced.

Stanley Cup Odds 2024

The Avalanche are +800 favorites in the 2024 Stanley Cup odds, meaning they have an 11.1% implied win probability.

Odds as of June 13th, 2023 at FanDuel Sportsbook. Grab a FanDuel promo code to make an early Stanley Cup wager. 

Avs Favored in Opening 2024 Cup Odds

The opening Stanley Cup odds for 2024 see the Colorado Avalanche priced as +800 favorites over the rest of the league. Jared Bednar’s team is just a year removed from their dominant Stanley Cup run in 2021-22 that saw them post a 16-4-0 record during the postseason.

The Avalanche suffered a shocking upset to the Seattle Kraken in Round 1 of the 2023 NHL Playoffs, but oddsmakers are projecting this talented team to bounce back. Colorado was decimated by the injury bug in 2022-23, losing a total of 463 man-games to injury during the regular season.

Led by Nathan MacKinnon, Cale Makar and Mikko Rantanen, the Avs are certainly capable of bouncing back and making a deeper run in 2024. There are question marks, however, as captain Gabriel Landeskog will miss the entire 2023-24 season due to knee surgery, while Val Nichushkin’s situation is up in the air.

Nicvhushkin is a very important member of the team, but he missed Colorado’s final four games of the 2023 playoffs for personal reasons. The Avs also haven’t found a true No. 2 center to replace Nazem Kadri and play behind MacKinnon. Perhaps the team will correct this issue via trade or free agency, but it’s not definite.

There are simply too many unknowns with Colorado to place an early 2024 Stanley Cup wager on them. Oddsmakers aren’t fully sold either, as they are listing the Avs as the +800 favorite whereas a more certain Stanley Cup favorite typically opens in the +500 range.

Overvalued/ Undervalued Teams in Cup Odds 

There are many interesting prices in the odds to win the Stanley Cup 2024. One team that of course sticks out is the reigning champ Vegas at +1300. The Golden Knights will have a very similar team to the one they iced in 2022-23, and there have already been two repeat Cup winners this decade.

Speaking of expansion clubs, the Seattle Kraken at +5000 seems mispriced. Seattle finished with an impressive 100 points in their second season and benefit from playing in the weak Pacific Division. It’s likely Dave Hakstol’s team takes another step forward in year three considering they’re projected to have $20 million in cap space to work with this summer.

When it comes to overvalued teams, the Bruins and Lightning both sitting in the top-five seem like fool’s gold. Tampa Bay’s core players are aging, and the lack of supporting depth proved costly against Toronto this year. Of course, any team with Andrei is going to have a chance, but the Bolts’ window is closing fast (if not closed already).

Boston, on the other hand, could see some key departures this offseason following their shocking upset loss to the Florida Panthers in Round 1 of the playoffs. Veteran captain Patrice Bergeron considered retirement last year but returned for what was assumed to be one final run. If Bergeron doesn’t return, second-line center David Krejci is also expected to depart the team.