The Colorado Avalanche made short work of the Nashville Predators, sweeping them out of the first round, and that cements the Avs as favorites.
While the Avalanche have been favorites for all or most of the season, they have been on 27.2% of the tickets, bringing in 32.7% of the handle at BetMGM. Both numbers are far and away the highest on the board.
However, early results from the playoffs have caused some shifts in the championship odds. The Tampa Bay Lightning, winners of the past two Stanley Cups, have seen their odds climb to +2000 to win the Stanley Cup after losing Game 5 of their series to the Toronto Maples Leafs on Tuesday. The Lightning face a 3-2 series deficit.
Here are the latest Stanley Cup favorites at BetMGM.
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The Leafs and the Carolina Hurricanes, two contenders that won Game 5 at home Tuesday to take a 3-2 series lead, have seen their Stanley Cup odds shorten to +700 at BetMGM, which puts those two teams behind the Avalanche (+225) and the Florida Panthers (+600) as the teams with the shortest odds on the board.
As these first-round series get to the deciding games, the odds can shift dramatically. An overtime decision one way or the other means a whole lot when it means the difference between a 3-1 series lead and a 2-2 tie in the series, to use an example from the Panthers and Washington Capitals series.
The Capitals had a chance to take a stranglehold in that series in Game 4. But, they allowed a tying goal late in the third period and then lost in overtime so that the Panthers evened up the series at two wins apiece. The market is not liking Washington’s chances, as their Stanley Cup odds at BetMGM are +5000, the longest of any team still alive in the postseason.
When it comes to conference betting, BetMGM is looking good in the Eastern Conference because their biggest liability is the New York Rangers, a team named on 24.3% of the tickets and bringing in 26.8% of the handle at BetMGM. The Rangers are also trailing their first-round series with the Pittsburgh Penguins three games to one.
The Western Conference is, not surprisingly, leaning heavily towards the Avalanche. The Avs are on 46.2% of the tickets, for a handle of 57.4% at BetMGM.