The hockey season is here, promising much action from the 1,312 games in the next few months. The Stanley Cup is the ultimate dream prize for all 32 teams in the National Hockey League (NHL).

The Colorado Avalanche are favourites to retain the cup in the 2022-2023 season after they beat the Tampa Bay Lightning to grab the coveted Stanley Cup last season. But other teams are also predicted to do well and may pull surprises. 

Colorado Avalanche lifting the Stanley Cup

Major online sportsbooks around the world have placed odds for all 32 teams. These odds will fluctuate as the league progresses and jokers are differentiated from serious cup contenders.

Which team is the favourite to lift the 2023 Stanley Cup?

Colorado Avalanche is the favourite to win the trophy again this season. Calgary Flames, Carolina Hurricanes, and Boston Bruins also hunger for the title.

These are the current teams’ Stanley Cup odds, according to FanDuel Sportsbook in the U.S.

TeamStanley Cup Odds
Colorado Avalanche+500
Carolina Hurricanes+1000
Boston Bruins+1100
Toronto Maple Leafs+1300
Florida Panthers+1400
Tampa Bay Lightning+1400
Vegas Golden Knights+1400
Calgary Flames+1500
Pittsburg Penguins+1600
Edmonton Oilers+1600
New York Rangers+1600
Minnesota Wild+1600
New Jersey Devils+2200
Dallas Stars+2400
St. Louis Blues+3300
Los Angeles Kings+3500
Nashville Predators+5000
Washington Capitals+5000
New York Islanders+5000
Winnipeg Jets+6000
Buffalo Sabres+6500
Detroit Red Wings+6500
Ottawa Senators+6500
Seattle Kraken+7000
Vancouver Canucks+7500
Montreal Canadiens+10000
Philadelphia Flyers+10000
Columbus Blue Jackets+15000
San Jose Sharks+15000
Anaheim Ducks+15000
Chicago Blackhawks+20000
Arizona Coyotes+30000

Let’s evaluate the chances now of some of the top teams expected to compete for this season’s Stanley Cup:

Colorado Avalanche

The Avalanche are on course to retain the trophy in 2023 at odds of +500 which are significantly better than those given to the other teams. They favoured over their closest challenger by two times and have picked up from where they left in the 2022 NHL season, where they outscored others 85 – 55 and had a record of 16 – 4 – 0.

Colorado has signed Nathan MacKinnon to bolster their campaign, and he is truly a worthy addition. Devon Toews and Cale Makar are also on fire and will cause problems for opponents this season. However, they have lost two valuable players in the centre, Nazem Kadri and goalie Darcy Kuemper. Landeskog will be called upon to replace Kadri, but the effect of losing him (Kadri) cannot be underestimated.

Carolina Hurricanes

The Hurricanes are the second-best favourites to win the 2023 Stanley Cup with +1000 odds. Canes are last season’s Metropolitan Division winners with 116 points and also won Brent Burns and Max Pacioretty during the offseason. However, they have not passed the second round since 2018-2019.

Toronto Maple Leafs

Toronto has the third-best chance of winning this season’s Stanley Cup, which they won last in 1967. Their 48 seasons without lifting the Stanley Cup is the longest in the NHL, and they will be aiming to break this unwanted record this season. 

In the first round of the 2022 playoffs, Toronto pushed Tampa Bay Lightning to seven games showing they are still a force to reckon with. Toronto lost Jack Campbell to Edmonton Oilers and brought in Ilya Samsonov from Washington Capitals and Matt Murray from Ottawa Senators. The two signings were not the best in their previous teams, but coach Kyle Dubas will play a massive role in Toronto’s success.

The squad includes Auston Matthews, who had an impressive run last season, scoring 60 goals to win the NHL Hart Trophy.

Toronto Maple Leafs on the ice

Florida Panthers

The Panthers are other favourites to win the 2022-2023 Stanley Cup at +1400. They had an encouraging season in 2021-2022, backed by a vibrant offence that enabled them to win the President Trophy for the best regular season team in NHL.

In the last season, the Panthers also won a playoff series which they last did in 1996. However, they didn’t go far, as they were swept aside by Tampa Bay Lightning in the series’ second round.

Tampa Bay Lightning

The Lightning is a genuine contender for the Stanley Cup this season after agonizingly falling at the hands of last season’s winners Colorado Avalanche. Tampa Bay had won eleven straight playoff games before losing to Colorado.

They will be banking on their strong squad that includes Andrei Vasilevskiy, one of the NHL’s top goalies, to challenge for this season’s Stanley Cup. The Lightning won the cup in 2020, 2021, and 2004.

Last 10 Stanley Cup winners

2022Colorado Avalanche
2021Tampa Bay Lightning
2020Tampa Bay Lightning
2019St. Louis Blues
2018Washington Capitals
2017Pittsburg Penguins
2016Pittsburg Penguins
2015Chicago Blackhawks
2014Los Angeles Kings
2013Chicago Blackhawks

Wrapping up

2022-2023 has just started, where the depth squad and experience will play a huge role in teams fighting for the Stanley Cup. Some teams have shown early signs of good performance, but things will change as the league progresses.

For even more coverage of the NHL like this head over to our Hockey section.