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Stanley Cup Playoff Betting Trends & Stats: 11 Historical Trends Every Bettor Needs to Know for 2026

Connor McDavid 2025 Stanley Cup Final
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Sports are often unpredictable, and that’s especially true for playoff hockey. With narrow margins, sudden death periods and micro adjustments, the Stanley Cup Playoffs rarely go according to plan. However, that doesn’t mean sports bettors can’t adjust accordingly.

We’re taking a closer look at every first-round matchup and focusing on 11 different betting trends that can be applied to each series. Whether you’re coming into the postseason with the Avalanche on your mind or targeting a massive underdog, there’s something here to help you.

Use our top-rated NHL sportsbooks to find the best odds and place your bets.

2026 Stanley Cup Odds Snapshot

Stanley Cup winner odds are current as of April 17 and provided by BetOnline.

Team

Stanley Cup Odds

Colorado Avalanche

+320

Tampa Bay Lightning

+450

Carolina Hurricanes

+525

Dallas Stars

+1100

Edmonton Oilers

+1100

Vegas Golden Knights

+1200

Buffalo Sabres

+1400

Minnesota Wild

+1600

Ottawa Senators

+1800

Montreal Canadiens

+2500

Pittsburgh Penguins

+3300

Utah Mammoth

+4000

Los Angeles Kings

+6000

Philadelphia Flyers

+6000

Anaheim Ducks

+6600

Boston Bruins

+6600

The Florida Panthers were eliminated from playoff contention after winning back-to-back Cups, meaning we’ll have a new champion this season for the first time since 2023. 

Odds are that Colorado is this year’s team to beat. The Avs went 55-16-11 and ranked No. 1 in goals for and against during the regular season. However, the Presidents’ Trophy curse is worth considering here – only eight out of 37 winners have gone on to claim the Cup.

Further down the list, we see the Buffalo Sabres, who snapped a 14-year playoff drought and won their division for the first time since 2009-10. Despite their regular-season success, they’re a distant +1400 to go all the way. 

Pittsburgh is also back in the playoffs following a three-year stretch of misses. Sidney Crosby, Evgeni Malkin and Kris Letang are back for one more go. The Penguins play the Philadelphia Flyers in the first round.

The Full First-Round Bracket

Series winner odds are current as of April 17 and provided by Bovada.

Eastern Conference

Matchup

Regular Season

Series Odds

Buffalo Sabres vs. Boston Bruins

Bruins win 3-1

BUF -190 / BOS +163

Tampa Bay Lightning vs. Montreal Canadiens

Split 2-2

TBL -260 / MTL +215

Carolina Hurricanes vs. Ottawa Senators

Hurricanes win 2-1

CAR -175 / OTT +150

Pittsburgh Penguins vs. Philadelphia Flyers

Split 2-2

PIT -155 / PHI +133

Western Conference

Matchup

Regular Season

Series Probability

Colorado Avalanche vs. Los Angeles Kings

Avalanche win 3-0

COL -500 / LAK +360

Dallas Stars vs. Minnesota Wild

Split 2-2

DAL -120 / MIN +100

Vegas Golden Knights vs. Utah Mammoth

Mammoth win 2-1

VGK -185 / UTA +160

Edmonton Oilers vs. Anaheim Ducks

Oilers win 2-1

EDM -220 / ANA +180

Series-by-Series Betting Breakdown

We’ve set the stage for what’s ahead. Now let’s take a look at each first-round playoff series to uncover some betting angles.

Eastern Conference

Buffalo Sabres vs. Boston Bruins

Sabres-Bruins is one of two first-round playoff series in which the underdog won the regular-season series (the other being Golden Knights-Mammoth). Boston also has significantly more postseason experience than Buffalo, which is returning to the playoffs for the first time since 2011. 

What happens in Game 1 could set the tone for the rest of the series, and where you stand on that projection likely comes down to whether you value the Sabres’ momentum and home-ice advantage or the Bruins’ regular-season edge and understanding of what it takes to win in the playoffs.

From a betting standpoint, it’s tough to ignore the value in backing Boston to win outright at +163. If you’d prefer a safer option, you can get the Bruins to cover a +1.5-game series spread at -130. 

Tampa Bay Lightning vs. Montreal Canadiens

We’re looking at a rematch of the 2021 Stanley Cup Final in the first round – that’s not something that happens all the time, folks. Both rosters have changed significantly since then, but it’s still a neat little nugget that’ll surely pop up on broadcasts. 

The season series was split 2-2, and Montreal won the last two 4-1 and 2-1 in late March and early April. One of Tampa Bay’s victories came via shootout, too. The Lightning have home ice and are viewed as favorites by oddsmakers, but the Canadiens finished with equal points (106) and ended the season on a hot stretch. 

Tampa Bay is likely to come out on top, but there’s plenty of intrigue in backing the Habs at +215. They’re young, but they’re capable of pulling off the upset.

Carolina Hurricanes vs. Ottawa Senators

Despite having the third shortest odds to win the Stanley Cup (+525), the Hurricanes are just -175 to defeat the Senators in the opening round. That’s not a huge surprise, either – Ottawa finished strong, going 16-5-4 following the Olympic break. Notably, that stretch included a 6-3 victory over Carolina.

The Hurricanes have been one of the NHL’s best teams all year, and they excel on offense and defense. However, they continue to come up short in the playoffs, failing to reach the Stanley Cup in seven straight tries. Could they fall off course this early?

The Senators’ early-season form was poor, but they appear to be legitimate contenders right now. There’s a lot to like about grabbing them at +150 to win this series. 

Pittsburgh Penguins vs. Philadelphia Flyers

The Flyers snapped a five-year playoff drought thanks to a strong late-season push. Their reward? A first-round meeting with the Penguins, renewing the Battle of Pennsylvania against Crosby’s company.

Pittsburgh has trouble defending, but this team scored at an elite rate this season, finishing third in goals for. Crosby, Malkin and Erik Karlsson all ended the regular season with at least 61 points, but save for a strong stretch in the middle of the year, the Penguins have been inconsistent.

This is almost a toss-up in the eyes of oddsmakers, with Pittsburgh favored at -155. The season series also went 2-2, though both of Philly’s wins came via shootout. There’s no wrong way to bet this series.

Western Conference

Colorado Avalanche vs. Los Angeles Kings

The Avalanche are far and away the heaviest favorites to emerge from the first round. No other team has odds longer than -260, and Colorado is sitting here at -500. That’s not to discredit the Kings, either – the Avs are just that good.

This is also the only first-round series in which one team was swept during the in-season series. Colorado went 3-0 and made it look fairly easy, winning each game by at least two goals and posting a +8 combined scoring margin.

There’s no point in betting either team as the outright winner, but there’s some value in the series spread and total markets. The Avalanche are +120 to cover a 2.5-game spread, and the over/under is at 5.5 games (-140 and +115, respectively).

Dallas Stars vs. Minnesota Wild

This is projected to be the most competitive first-round playoff series. Dallas and Minnesota split the season series, with the final matchup going 5-4 in favor of the Stars on April 9. Both squads have similar strengths and weaknesses, too.

Given how tight the line is, it’s worth projecting this one to go the distance. Bovada offers a prop on the series going to Game 7 at +190. 

Vegas Golden Knights vs. Utah Mammoth

Utah took two out of three from Vegas during the regular season, but the newcomers aren’t being shown much respect from the books. The Golden Knights have home ice and are favored at -185 to win the series, with the Mammoth coming in at +160.

Vegas made an incredibly late-season coaching change, and while it’s benefitted from it so far (7-0-1 record), there’s no telling how such a decision could affect this team’s postseason performance. Historically, it’s rarely favorable. 

Utah can get the job done by continuing its solid play on offense and defense. The Golden Knights are the superior team, but there’s still good reason to believe in the Mammoth. 

Edmonton Oilers vs. Anaheim Ducks

The Oilers have lost the Stanley Cup Final to the Panthers two years running, but with Florida failing to qualify for the playoffs, Edmonton should be fine, right? The Ducks stand in their way in the first round, but this feels like a fairly safe matchup for Connor McDavid’s squad.

It’s nice to see Anaheim get back to the postseason – it’s been nearly a decade – but this team’s late-season skid doesn’t bode well for their chances of knocking off the Oilers. The Ducks went 2-6-2 to close out the regular season.

Rather than going for the outright market, the series spread is the way to bet this matchup. Edmonton -1.5 is -105; Anaheim +1.5 is -115. There’s your edge.

Historical Stanley Cup Playoff Betting Trends

With these matchups in mind, let’s dive into some betting trends that we can apply to the playoff field.

The Presidents’ Trophy Curse

This is one of the most prevalent trends, and for good reason. Since its inception in 1985-86, just eight Presidents’ Trophy winners have gone on to claim the Stanley Cup. That’s a considerably low rate at which the NHL’s most successful regular-season team delivers in the playoffs.

Since the Blackhawks won the Presidents’ Trophy and the Stanley Cup in 2012-13, no team has earned both. In fact, none of the teams have reached the Stanley Cup Final. Meanwhile, two – the 2018-19 Lightning and 2022-23 Bruins – didn’t even make it out of the first round.

What does that say about the Avalanche? Perhaps Colorado can be the team to snap the curse, but at +320, there’s seemingly very little value in backing the Avs to win the Stanley Cup this year. 

First-Round Upset Rate

As a baseline, we should expect about a quarter of the first-round playoff series to produce an upset. That’s the average, at least. Some years see far more – 2019 was especially chaotic, with six of eight higher seeds losing – while others are fairly uneventful until later on.

Therefore, don’t be afraid to target a handful of potential upsets early in the playoffs. The margins are razor-thin in the postseason, and it doesn’t take much to completely overhaul a series. If you believe you’ve found some value, make the bet and don’t look back. 

Home-Ice Advantage

Generally speaking, home teams win a slight majority of playoff games. The edge is there, but in low-scoring games such as these, things tend to even out more than you’d see in other sports, where playing at home can drastically swing a series in one’s favor.

The real target here is the home underdog. These teams cover the puck line at roughly a 64 percent rate, making this a bet that’s absolutely worth a closer look whenever you see it.

There aren’t any home underdogs on the puck line heading into Game 1, but keep your eyes peeled for some to pop up as the playoffs progress.

Underdogs on the Puck Line

Final scores trend lower in the playoffs as defense intensifies and results get tighter. The puck line doesn’t change with it, though, making underdogs a reliable option for bettors. Plus, with more overtime games, the underdog automatically covers at +1.5.

If underdogs cover the puck line about 60% of the time during the regular season, and that number increases in the postseason, why not continue hammering that trend into the playoffs? This is one winning strategy that you shouldn’t ignore. 

Goaltenders: The X-Factor

Before you consider making series bets, it’s worth investigating the goalie matchup. Regular-season numbers matter, but what about how each goaltender fared over the final month of the campaign? Getting hot going into the playoffs can be a key indicator of success when it matters most.

Don’t just assume the bigger name will prevail in every series. Leave no stone unturned in your research and you’re bound to uncover a few matchups worth exploiting. 

Repeat Champions and Cup Defenses

There’s no shot of a repeat champion this year, as the Panthers – who went back-to-back in 2024 and 2025 – failed to make the playoffs. Still, there may be something we can take from this trend as we head into the 2026 postseason.

If defending the Cup takes such a physical toll, what does it say about those that make the Cup Final but lose? The Oilers have lost to the Panthers in each of the last two years, and their performance this season was their worst in five years. They’re favored to defeat the Ducks in the first round, but a deep run may not be in the cards.

Conference Imbalance

The Eastern Conference has dominated the league lately, claiming seven of the last 10 Stanley Cups. And while seasons should be treated as individuals and not lumped together, we can’t ignore the fact that the East is deeper and more talented than the West right now.

Why does that matter? Let’s say you’re between the Sabres at +1400 and Golden Knights at +1200. Vegas is favored slightly more to win the Cup, but Buffalo – which won the Atlantic – had a more successful season in a tougher conference. 

Given that the East has produced more champions of late, I would lean toward the Sabres.

Favorites vs. Longshots in Futures Betting

Since 2010, only five teams with pre-playoff Stanley Cup odds of +1000 or longer have managed to win it. This tells us that, historically, those at the top of the board are overwhelmingly the best bets.

Unless this year strays from the pattern, one of Colorado, Tampa Bay or Carolina should win the Stanley Cup this season. The Avalanche have the Presidents’ Trophy curse, though, so perhaps there are just two “real” candidates? That depends on how superstitious you are.

Overtime in the Playoffs

There are no shootouts in the postseason. Just sudden death over as many 20-minute periods as are needed to determine a winner. Talk about a golden opportunity for live bettors.

With lines resetting to pick’ems, you can often get a heavy pre-game favorite for close to even odds in overtime. They may only be one shot away from losing, but they’re still the superior team. 

If a series has been tight, it can be beneficial to hold off on placing a moneyline bet to take advantage of the potential for a sudden death period. 

Mid-Season Coaching Changes Affecting Playoff Performance

A mid-season coaching change has the potential to pay dividends or end with a team crashing and burning in the season’s most pivotal moments. Unfortunately, there’s not always a way to predict which outcome you’ll get.

In 2019, the Blues went from sitting in last place in January to winning the Stanley Cup, thanks in part to a coaching change. In 2017, the Panthers moved on from their head coach then went sub-.500 the rest of the way, missing the playoffs altogether. 

This year’s team to focus on: Vegas. The Golden Knights made the swap with just eight games remaining, and while it’s worked in their favor thus far, it’s almost impossible to say what comes next. With that in mind, it’s worth waiting to see how this team looks before placing a bet.

Regular-Season Series Results as Playoff Predictors

In some ways, playoff hockey is a different sport than what we see during the regular season. More adjustments are made, defense tightens up and matchups are optimized down to the last man. All that to say, don’t just assume that a playoff series will go a certain way based on what happened between the two teams during the regular season. 

There are much better predictors to focus on instead, like recent form, goaltending matchups and key injuries. Regular season matchups aren’t worth discounting entirely, but they shouldn’t be the main factor in picking a side in the postseason.

How to Bet the Stanley Cup Playoffs

Ready to get started? Don’t forget these key strategy takeaways before you begin betting on the Stanley Cup Playoffs:

Series vs. Game-by-Game Betting: The series prop isn’t always your best bet, and the same goes for taking a series one game at a time. Often, it comes down to the odds available for each team. The Avalanche aren’t a smart bet to defeat the Kings at -500, but there’s plenty more value in backing them to cover the series spread. In some ways, these are the same bet – one is just more specific. 

Exact Series Markets: Predicting a sweep or a series going the distance? Check into the exact series markets. You’ll almost exclusively find plus-money bets here, and trends can help you determine which bet is the most valuable.

Live Betting: Keep your phone close by when a game goes to overtime. Perhaps you didn’t want to bet the Lightning to win a matchup outright, but now that they’re in sudden death? That’s an excellent way to get more favorable odds on the superior team.

Player Props: The stars save their best performances for the playoffs, and usage rates are prone to drastic spikes. Consider goal scorer props more frequently than you would during the regular season.

Don’t Overlook Goaltending: Ignore regular-season numbers (to an extent) and focus on individual matchups. This is often the factor that swings games more than any other.