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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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