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Stanley Cup odds: Hurricanes favored to win it all

Jeff Bottari / National Hockey League / Getty

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The NHL's playoffs are set. Both sets of first-round series are finalized with exciting matchups in the Eastern and Western conferences.

Here are the odds for the remaining 16 teams that have a chance at hoisting the Stanley Cup.

Stanley Cup odds

Team Odds Implied Prob.
Hurricanes +550 15.4%
Panthers +650 13.3%
Stars +750 11.8%
Rangers +750 11.8%
Avalanche +800 11.1%
Oilers +800 11.1%
Bruins +1200 7.7%
Maple Leafs +1200 7.7%
Golden Knights +1200 7.7%
Canucks +1600 5.9%
Jets +2000 4.8%
Kings +2500 3.8%
Lightning +2500 3.8%
Predators +3000 3.2%
Islanders +5000 2.0%
Capitals +15000 0.7%

Odds via theScore Bet.

The Hurricanes are the Stanley Cup favorites at +550, which equates to an implied probability of 15.4%. They started the season as the favorites with odds of +800 and drifted to as long as +1200 during the season.

Carolina will face the Islanders, who earned the third spot in the Metropolitan Division, in Round 1. The Hurricanes are -425 to advance to the next round, meaning oddsmakers give Carolina an 81% chance of beating New York.

The Atlantic Division champion Panthers are the second favorites at +650. Florida advanced to the Stanley Cup Final last season as the second wild card, upsetting the Bruins, Maple Leafs, and Hurricanes before losing to the Golden Knights.

The Panthers are -190 favorites to win their first-round series over the Lightning.

Here are the odds for each team that could represent the Eastern Conference in the Final.

Eastern Conference odds

Team Odds
Hurricanes +275
Panthers +300
Rangers +375
Bruins +550
Maple Leafs +700
Lightning +1200
Islanders +2500
Capitals +6000

The Maple Leafs have longer odds than the Bruins to win the East despite having the same odds to win the Stanley Cup. That suggests Toronto is slightly overvalued in the Stanley Cup market.

The smarter bet - if you can say that when discussing the Leafs' chances to win it all - would be to pick them to win the Eastern Conference, then roll that into a series wager in the Final, where they'll likely be plus-money underdogs to the Western Conference representative.

As for the West, the Stars narrowly top the Oilers and Avalanche as the betting favorites to win the conference.

Western Conference odds

Team Odds
Stars +350
Oilers +375
Avalanche +400
Golden Knights +600
Canucks +750
Jets +800
Kings +1200
Predators +1400

Dallas won arguably the best division in hockey to earn the No. 1 seed, and their reward is an opening-round matchup against the defending champion Golden Knights.

The Kings vaulted Vegas on the final night of the regular season to set up a matchup versus Connor McDavid and the Oilers. Edmonton, which is a -190 favorite over L.A. in Round 1, is +800 to win the Cup and +375 to reach its first Final since 2006.

In the other two Western Conference series, the Avs are -135 favorites over the Jets, while the Canucks are -150 over the Predators.

The Stanley Cup Playoffs begin Saturday.

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