The 2020 edition of the Stanley Cup playoffs has been nothing short of thrilling so far, and with the conference finals nearing a conclusion, sportsbooks have updated their odds on which team is the likeliest to hoist Lord Stanley’s holy grail in 2020.
See Odds Shark’s Best NHL Sites
The Tampa Bay Lightning are the -130 favorites to win the 2019-20 Stanley Cup at Bovada, followed by the Dallas Stars (+130) and New York Islanders (+1200).
New to betting on hockey? We have a great NHL betting tutorial to assist you in placing a wager. Also, be sure to check out our NHL odds page for the latest up-to-date betting lines.
Who is Favored To Win the Stanley Cup?
|Tampa Bay Lightning||-130|
|New York Islanders||+1200|
Odds as of September 16 at Bovada
Islanders Trying To Claw Back vs Lightning
Down 3-1 in the series and on the brink of elimination, the Islanders answered in a big way in Game 5, topping the Lightning 2-1 in double overtime to force a Game 6 on Thursday. Semyon Varlamov was the key for New York, stopping 36 shots.
Tampa Bay is the -155 favorite in Game 6. The OVER/UNDER for the matchup has been set at 5.
Since the conference format was adopted for the 1981-82 NHL season, teams with a 3-1 lead in the conference finals are 34-1 (97.1 percent). The only team to accomplish the comeback was the 2000 New Jersey Devils, who rallied to defeat the Philadelphia Flyers in the Eastern Conference final and went on to win the Stanley Cup.
So, what are the oddsmakers making of this series? According to our NHL Series Price page, they think the Lightning will emerge triumphant and head to the Cup Final. Tampa Bay is priced at -700 to win the series. They were -3000 prior to Game 5.
Stars Move On to Stanley Cup Final
The Stars have advanced to the Stanley Cup Final for the first time in 20 years, beating the Vegas Golden Knights in five games.
Dallas goaltender Anton Khudobin, filling in for the injured Ben Bishop, was sensational all series long. The Russian stopped 34 of the 36 shots he faced in Game 5.
It’s interesting to see that the Stars have already booked their ticket to the Cup Final yet are still available in plus money. The sportsbook is clearly expecting the Lightning to win the championship, but Tampa Bay has to get past New York first. Simply put, if you like the Stars to win the title, the time to bet them is now.
What is a Futures Bet on Stanley Cup Odds?
Before hockey season starts, oddsmakers will release their lines on each team’s chance of winning the shiny championship trophy. If you were to place a wager at any point before the Stanley Cup Final, you would be making a futures bet. This is a bet that deals with events that will happen in time. For instance, you could bet on the Detroit Red Wings to win the Cup in September, but you would not see the results of your bet until the postseason.
How to Read NHL Stanley Cup Odds
At your sportsbook of choice, you’ll see Stanley Cup odds listed like this:
Tampa Bay Lightning +300
Toronto Maple Leafs +450
Vegas Golden Knights +500
Boston Bruins +800
Unlike a moneyline bet where there is a clear favorite and underdog, for an NHL futures bet, you would consider the team with the lowest odds as the fave. In this case, it’s Tampa. The team with the highest odds would be the dog. For this example, it’s Boston.
Let’s say hockey season is about to start and you’ve done your research. You believe that it’s Toronto’s year, so you lay down $40 on the Leafs to win the Cup. If they do win it all, you’d see a payout of $220 – your original $40 is returned along with your winnings of $180.
You can use our Odds Calculator to figure out what you’d win based on the amount you bet and the odds.
When it comes to futures, get in on the action early. The closer it gets to the NHL playoffs, the more the odds will shift. Oddsmakers update the lines for these bets frequently as teams slip and fall in the standings. Injuries, trades and coaching changes will affect a team’s odds of making it to the Cup Final, and those who set the lines take that into consideration when updating the odds.
As mentioned above, it’s important to keep in mind that when you make your NHL futures picks, you won’t see a return until Lord Stanley’s Cup is awarded to the winner.