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NHL Stanley Cup Betting Guide for 2021

The Stanley Cup is the biggest date on the annual calendar for hockey fans in Canada and the United States.

The two winners of each NHL conference face off in a best-of-seven showdown to determine the winner of the sport’s greatest prize. Sportsbooks carry a range of markets to enable bettors to get closer to the action.

In this guide we’ll tell you all about:

  • How betting on the Stanley Cup works
  • What Stanley Cup fans like to bet on
  • How to start live betting on the Stanley Cup
TOP HOCKEY BETTING SITES FOR CANADIAN PLAYERS
Maple Leaf Icon CANADA'S FAVOURITE
1
Maple Leaf Icon
CANADA'S FAVOURITE
Betway Sports
2006
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Payout 100%
Paytime 24 hrs
Payment Methods
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Play for the $3,864,206.00 Mega Moolah Jackpot
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2
Casumo Sports
2012
Bonus C$250
Payout 97.17%
Paytime 24 hrs
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3
Spin Palace Sportsbook
2001
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4
Sports Interaction
1997
Bonus C$100
Payout 97.22%
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Payout 97.22%
5
888Sport
2008
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6
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10Bet
2003
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9
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10
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2017
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An Introduction to the Stanley Cup

The Stanley Cup is the annual championship decider in the NHL (National Hockey League). It was first presented in 1893 and is now the biggest club prize in the sport.

  • Stanley Cup - Fact 1

    The NHL contains 31 teams, seven of which are based in Canada

  • Stanley Cup - Fact 2

    The teams are split between two conferences, Western and Eastern, with two divisions in each

  • Stanley Cup - Fact 3

    Each team plays 82 games in the regular season

  • Stanley Cup - Fact 4

    A total of 16 teams qualify for the playoffs, eight from each conference

  • Stanley Cup - Fact 5

    The top three from each division advance, along with two wild cards from each conference

  • Stanley Cup - Fact 6

    There follows a series of best-of-seven elimination matches to decide the champion of each conference

  • Stanley Cup - Fact 7

    Those champions then face each other in a best-of-seven series to find out who takes home the Stanley Cup itself

How NHL Stanley Cup Odds Work

You will find a wide variety of ways to bet on the Stanley Cup when you visit a hockey betting site.

To illustrate how odds work, let’s look at a simple market – who’s going to win the Cup? The odds, expressed as decimals, could read:

Pittsburgh Penguins
Pittsburgh Penguins
1.7
Detroit Red Wings
Detroit Red Wings
2.2

For every C$10 you stake on the Penguins, the favourite, you win C$17. If you put C$10 on the Red Wings, the underdog, you can win C$22.

Please bear in mind that odds can be displayed in other ways, such as fractional and moneyline (also called American) odds.

The good news is that most modern sportsbooks will give you a choice of how you want to see your odds. Check out our Odds Calculator to see how to switch between them.

NHL Stanley Cup Betting Options

Match Bets

  • Cup winner

    Cup winner

    No handicaps, no complicated calculations, just a simple choice. Who do you predict is going to be this year’s best in hockey?

    Eg:
    Los Angeles
    Kings
    1.6
    Los Angeles Kings
    New Jersey
    Devils
    2.5
    New Jersey Devils
  • Total goals – over or under

    Total goals – over or under

    How many goals do you think the teams will score between them in a game? The sportsbook will set a number and you decide whether the total will be more or less. If you think there will be fewer, you go under.

    Eg:
    Under
    5.5
    1.90
    Over
    5.5
    1.90
  • Puck line bets

    Puck line bets

    Unique to hockey, this is a handicap bet. The sportsbook awards one side a 1.5-point start, which means the favourite must win by at least two goals to cover the spread.

    Eg:
    Vancouver
    Canucks
    +1.5
    1.90
    Vancouver Canucks
    Boston
    Bruins
    -1.5
    1.90
    Boston Bruins
  • Correct score bets

    Correct score bets

    A more testing challenge, but many sportsbooks offer odds on the exact outcome of the match.

    Eg: Edmonton Oilers to
    win 4-3
    11.0
    Edmonton Oilers
  • First scorer bets

    First scorer bets

    Who will be the first to find the net? If you know one player always enjoys a fast start, he’s the man to back.

    Eg: Colin Miller
    5.0
    Colin Miller

Future bets

  • To win the division

    To win the division

    When you have a strong feeling that your team can top their division this year, you’ll be able to back your hunch well in advance.

    Eg: To win the Atlantic Division:
    Montreal Canadiens
    4.5
    Montreal Canadiens
  • To win the conference

    To win the conference

    An even bolder option is to decide who you think will take their conference. Betting earlier in the season should ensure longer odds.

    Eg: To win the Eastern Conference:
    Ottawa Senators
    16.0
    Ottawa Senators
  • To win the Stanley Cup

    To win the Stanley Cup

    Even before the season has started, you’ll be able to wager on your fancy to lift the Cup several months away.

    Eg: Toronto Maple Leafs
    26.0
    Toronto Maple Leafs

What is NHL Stanley Cup live betting?

  • The time when betting stopped when the action started has long gone
  • Virtually all sportsbooks now offer you the chance to bet during play, as odds fluctuate according to the play
  • You will be able to bet on a variety of markets, including winner of the next period
  • But you can still wager on the winner of the match
  • Betting live on hockey, with odds changing as the goals fly in, is a great way to add extra involvement to watching sport
Stanley Cup Live

Brief Timeline of The Stanley Cup

Lord Stanley, the Governor General of Canada, donates a trophy that is won by Montreal Hockey Club

1893

Professional teams are allowed to challenge for the Cup for the first time

1906

Seattle Metropolitans are the first American team to lift the trophy. The NHL is founded, and nine years later it takes full control of the Stanley Cup

1917

The Cup is cancelled after five games because of the flu epidemic

1919

The number of teams in the NHL is reduced to half a dozen, known as the Original Six

1943

Detroit Red Wings beat Montreal Canadiens in overtime of the seventh game of the final

1954

Six teams are added to the league, doubling it in size

1967

For the first time, no Canadian team qualifies for the post-season

1970

Montreal Canadiens, inspired by Ken Dryden, beat Chicago Black Hawks 4-3 to triumph

1971

Wayne Gretzky scores 11 goals in seven games as Edmonton Oilers beat Philadelphia Flyers

1987

Montreal Canadiens beat LA Kings 4-1 to take their record 24th Stanley Cup

1993

No Stanley Cup is awarded as the NHL season is cancelled because of a row over salary structure

2005

Boston Bruins beat Vancouver Canucks in the seventh game of a fiercely-contested final

2011

Recent Stanley Cup winners

  • 2018
    Washington Capitals
    Washington
    Capitals
  • 2017
    Pittsburg Penguins
    Pittsburgh
    Penguins
  • 2016
    Pittsburg Penguins
    Pittsburgh
    Penguins
  • 2015
    Chicago Blackhawks
    Chicago
    Blackhawks
  • 2014
    Los ANgeles Kings
    Los Angeles
    Kings
  • 2013
    Chicago Blackhawks
    Chicago
    Blackhawks
  • 2012
    Los Angeles Kings
    Los Angeles
    Kings
  • 2011
    Boston Bruins
    Boston
    Bruins
  • 2010
    Chicago Blackhawks
    Chicago
    Blackhawks
  • 2009
    Pittsburg Penguins
    Pittsburgh
    Penguins

Conclusion

Hockey fans in the United States and Canada look forward all year to the Stanley Cup. With its long and eventful history, it is one of the highlights of the sporting calendar.

For hockey bettors, it offers a large number of ways to speculate on the action. Now that most people in Canada own a smartphone, and with sportsbooks offering customer-friendly ways to bet, it’s never been easier to wager on the action.

For more details about betting on the hockey in Canada, check out our home page.

Conclusion

FAQs

What is The Stanley Cup?

The annual championship of the NHL, featuring the best hockey teams in the United States and Canada. It is played between the winners of the Eastern and Western Conferences.

What are the most popular bets on The Stanley Cup?
What are the best hockey betting sites?
Can I bet on The Stanley Cup on mobile?
What is Stanley Cup live betting?