2023 Stanley Cup Odds – Avalanche Open as +500 Favorites

• The 2023 Stanley Cup odds are out and Colorado is favored
• The Leafs are second and by far the shortest of any Canadian team
• Below, see the opening 2023 Stanley Cup odds for all 30 teams

The NHL season came to a close this evening with the Colorado Avalanche beating the Tampa Bay Lightning 2-1 in Game 6 of the Stanley Cup finals, giving Colorado its first championship since 2001.

For sportsbooks, it’s already onto next year. The 2023 Stanley Cup odds were released immediately, and there is a likely name at the top of the board.

2023 Stanley Cup Odds

Odds as of June 26, 2022, at FanDuel Sportsbook.

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Avalanche Open as Short Favorites in 2023 Stanley Cup Odds

The fact that Colorado has opened as the favorite in the 2023 Stanley Cup odds is not a surprise. But what is somewhat surprising is the price, at least compared to the rest of the league.

At +500, the Avalanche have an implied probability to win of 16.67%. The next shortest team is the Toronto Maple Leafs at +900, which equates to a 10% implied probability. In other words, oddsmakers are saying Colorado is ver 40% more likely to win the Cup than any other team.

Not to say the Avs don’t deserve that kind of respect, but bettors should know what they’re signing up for if they bet Colorado at this price.

Canadiens, Coyotes Bring up the Rear

The bottom of the Stanley Cup odds barrell features two teams that earned this honor based on their play last season. The Montreal Canadiens (+15000) finished dead-last in the Eastern Conference with a 22-49-11 record (55 points) and -98 goal differential.

Not to be outdone, out in the Western Conference, the Arizona Coyotes (+25000), finished one point worse (25-50-7 and owned the worst goal differential in the NHL (-106)

On a nightly basis, the Habs and Yotes challenged the notion that the NHL is a league of parity. It wasn’t uncommon to see their opponents sporting odds at -300 or shorter, especially on the road.

Oddsmakers are giving the Habs a little more of a chance than Arizona to turn things around quickly. Don’t forget it was about 13 months ago that the Canadiens were in the Stanley Cup final, losing in five games to Tampa.

Teams That Look Out of Place

Someone will have to explain to me why the New York Islanders are at +3500, ahead of the Washington Capitals, Vancouver Canucks, and Dallas Stars. The Isles missed the playoffs this season and had a negative goal differential (-6).

They were the second-lowest-scoring team in the East (231 goals) and really don’t have a roster which makes that likely to change next year.

The modest success they’ve had in recent history is due to Barry Trotz’s defensive scheme.  But Trotz has stepped away, and Lane Lambert will now be at the helm for the first time in his coaching career. Lambert is a longtime Trotz assistant, but the coaching turnover is still reason for pessimism more than optimism.