Penguins Falling Stanley Cup Odds; Bettors Run to Vegas

The 2021 Stanley Cup parade has not yet begun, and the city of Tampa has not yet reveled with a beer-soaked trophy along the bay. That hasn’t stopped the oddsmakers sports betting enthusiasts from already setting favorites and odds for the 2022 Stanley Cup. And money seems to be moving away from the Pittsburgh Penguins.

Initially, the Penguins opened the NHL betting at 20-1 (+2000), but numerous casinos have moved the Penguins down to 23-1, and some have gone as high as 25-1.

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The slow Pittsburgh Penguins offseason has perhaps both dulled expectations as much as three straight first-round losses. Despite significant scoring chances and puck possession, the Penguins lost to the New York Islanders in six games.

The multiple failures to get out of the Round One despite regular season charges have set the Penguins as their biggest longshot since 2006. And so it ends as it began?

The Penguins will again have to navigate a stacked Metro Division. A 16th straight playoff appearance will not be a given, despite winning the East Division this season.

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Other Stanley Cup Odds

The Vegas Golden Knights and Colorado Avalanche are the early favorites at +550 (5.5-1), and the now two-time defending Stanley Cup champion Tampa Bay Lightning are a 6.5-1 shot for a three-peat.

The Toronto Maple Leafs are a surprising 12-1, and the Boston Bruins, who may have one more great run left, are 15-1.

Despite an offseason to work on defensive deficiencies and a Hall of Fame GM, the Edmonton Oilers, with Connor McDavid, Leon Draisaitl, are 25-1.

And despite the Vegas run to the Stanley Cup Final in their inaugural season, the Seattle Kraken are +5000 (50-1).

Lastly, but perhaps least, the soon-to-be Jack Eichel-less Buffalo Sabres are 250-1. If you bet on the Sabres to win the Stanley Cup, can we interest you in some magic beans and the fountain of youth water?