NHL Stanley Cup Winner Odds
Futures odds are generally set far in advance of their outcome, and the payouts can be much higher than day-to-day bets. Odds on futures bets can fluctuate for many reasons, including injuries, trades, suspension, coach firings and other random stuff.
Not long after a Stanley Cup champion is crowned, Stanley Cup betting odds for the next champion are up and ready at many sportsbooks for you to wager upon. Usually, the current Cup winner will be the early favorite for the next one. But as the summer progresses, through trades and free agency, the odds often change. Maybe a team just signed the top free agent available? Chances are their Cup odds will immediately be more favorable.
A few weeks into a season, typically the odds start changing based on the current standings. The team that flies out of the gate is going to see their odds narrowed, and vice-versa. In the 2018-19 season, for example, the Tampa Bay Lightning had a strong start and kept up such a torrid pace that their Cup odds became much higher than the next competitors. At the start of the season, the Lightning were higher than +800 to win the Cup. By the final month of the regular season, Tampa Bay was +200, and the nearest closest teams were +1000.
Those true believers in the Lightning will receive a much higher payout should they win the Cup. So, early belief, and sticking with a team, often is the key to winning big.