Who Are 2022-2023 Stanley Cup Favorites?

Who are the favorites to win the Stanley Cup this season? BetMGM's Gary Pearson enlightens us.
With the Colorado Avalanche hoisting its third Stanley Cup, and first since 2001, the dust has settled on what was another pulsating, riveting NHL season.
As Gabriel Landeskog was hoisting the Holy Grail for the first time, many neutral hockey fans were probably already turning their attention to the 2022-23 NHL odds, wondering which team could emulate Colorado’s historic Stanley Cup run.
The odds are fresh off the press for the 2022-23 campaign, with most of the likely suspects cracking the top 10.
2022-2023 Stanley Cup Odds
- Team Odds
- Colorado Avalanche +425
- Toronto Maple Leafs +800
- Florida Panthers +900
- Carolina Hurricanes +1000
- Tampa Bay Lightning +1200
- Edmonton Oilers +1400
- Calgary Flames +1800
- Minnesota Wild +1800
- New York Rangers +1800
- Pittsburgh Penguins +1800
- Vegas Golden Knights +1800
- Boston Bruins +2800
- Louis Blues +3000
- New York Islanders +3300
- Los Angeles Kings +3500
- Nashville Predators +4000
- Washington Capitals +4000
- Dallas Stars +5000
- Detroit Red Wings +5000
- Ottawa Senators +5000
- Vancouver Canucks +5000
- New Jersey Devils +6600
- Winnipeg Jets +6600
- Columbus Blue Jackets +8000
- Buffalo Sabres +10000
- Anaheim Ducks +15000
- Montreal Canadiens +15000
- Philadelphia Flyers +15000
- San Jose Sharks +15000
- Seattle Kraken +15000
- Arizona Coyotes +50000
- Chicago Blackhawks +50000
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Odds Courtesy of BetMGM
The Avalanche stand imperiously and predictably atop the favorites’ pile. It’s natural to wonder if the Avs can follow in Tampa Bay Lightning’s footsteps.
By winning consecutive Cups in 2020 and 2021, the Lightning enjoyed breathing rarified air only two other franchises have since the start of the 1990s.
The Pittsburgh Penguins accomplished the back-to-back feat twice, in 2016 and 2017, and again in 1991 and 1992. The Detroit Red Wings pulled it off in 1997 and 1998.
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Can Avs Repeat?
Yes, the Avs have the pedigree and, after finally overcoming playoff adversity, the mental fortitude and collective resilience to do it again next season.
Now they’ve gotten over the proverbial hump, and it’s hard to imagine Landeskog, Nathan MacKinnon, Cale Makar and company winning only one Cup. So, the question is, will their second trophy come immediately on the back of the first? They are at +425 to repeat.
The second favorites are a perennial playoff disappointment. But will things finally be different for the Toronto Maple Leafs in 2022-23?
Pegged at +800 to win their first Stanley Cup since 1967, the Maple Leafs, after coming within a goal of ousting Tampa Bay, will feel like they’re on the cusp of glory. The problem is they’ve felt that way for quite a few years.
However, the Maple Leafs were discernibly better in their devastating first-round loss to the Lightning. They’ll feel like anything is possible if they can find a way to make it out of the first round, something they haven’t accomplished since 2004.
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Searching for Missing Piece
Each team from the chasing pack – Lightning (+1200), Florida Panthers (+900), Carolina Hurricanes (+1000), Vegas Golden Knights (+1800), Edmonton Oilers (+1400) and Calgary Flames (+1800) – had at least one missing element that prevented them from winning in 2021-22.
By now, you know never to count out the Lightning. However, it feels like their run at the top might be coming to an end. Then again, anything is possible while Andrei Vasilevskiy is between the pipes.
The Hurricanes were missing their go-to netminder for the duration of the playoffs. With Frederik Andersen back, Carolina is a bonafide Cup contender.
The Panthers needed to learn a hard lesson – like the Avs and Lightning did in previous playoffs – before being able to ascend to the next level. Losing to the Lightning in four should help Florida prepare accordingly for the 2022-23 Stanley Cup playoffs.
The Golden Knights and Oilers desperately need an elite netminder, and the Flames have to find a way to produce when it matters most.
Of the chasing pack, the Hurricanes and Panthers represent the best value to win the 2022-23 Stanley Cup.
If you’re looking for a sleeper, the +1800 New York Rangers offer exquisite value, thanks primarily to Igor Shesterkin. The 2021-22 Vezina winner offers his team precisely what the Oilers and Golden Knights are missing, a netminder who can single-handedly win a playoff series or four.
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