Latest Futures Odds for the 2023-24 NHL Playoffs

By Editorial Staff
Fact Checked by Peter Mooney

Who has the best and worst odds to make the NHL playoffs? We have you covered right here with the latest on the NHL playoff picture. Check back often throughout the season for the latest updates on the NHL season and the ever-changing odds for your favorite teams.

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Who Has the Best Odds to Make the NHL Playoffs?

As of February 26, 2024, the top teams expected to make the playoffs, including the Edmonton Oilers, Boston Bruins, Florida Panthers, Winnipeg Jets, Dallas Stars, Vancouver Canucks, New York Rangers, Toronto Maple Leafs, Carolina Hurricanes and Colorado Avalanche, are "off the board." Sportsbooks will do this when odds become too short, forcing them to take on too much risk. Top teams still on the board are the Edmonton Oilers (-6000) and the Vegas Golden Knights (-1400).

What are the current odds to make the NHL playoffs? According to DraftKings Sportsbook, here are the NHL teams that have the best odds to make it to the postseason as of February 26, 2024.

πŸ’ Edmonton Oilers-6000
πŸ’ Vegas Golden Knights-1400
πŸ’ Boston BruinsOFF THE BOARD
πŸ’ Vancouver CanucksOFF THE BOARD
πŸ’ Winnipeg JetsOFF THE BOARD
πŸ’ Colorado AvalancheOFF THE BOARD
πŸ’ Dallas StarsOFF THE BOARD
πŸ’ Carolina HurricanesOFF THE BOARD
πŸ’ New York RangersOFF THE BOARD
πŸ’ Toronto Maple LeafsOFF THE BOARD


Best Odds to Win Each Division

The Rangers remain the heavy favorites in the Metropolitan division. They had a five-point lead over second-place Carolina in the first week of January. The Rangers are in the portion of their schedule now where they'll be playing teams from the Western Conference. They play nine games this month against Central and Pacific division foes, including some marquee matchups against the Canucks, Golden Knights (twice) and the Kings. Maybe one of those contests will be a Stanley Cup preview.

The Bruins are favored to win the Atlantic division. They held a slim one-point lead over the Panthers, the defending Eastern Conference champion. With the Maple Leafs falling off in recent weeks, it's shaping up as a race between the Panthers and Bruins for Atlantic supremacy.

The Winnipeg Jets, one of the surprise teams this year, are currently favorites in the Central division, but the Avalanche and Stars are close behind. There has been little separation among these three teams for the past month. The Avalanche won the division the past two seasons while the Stars haven't won the Central since 2016.

The Vancouver Canucks have also had a season that has caught the oddsmakers off guard. Currently the favorite to win the Pacific division, the Canucks can see the Edmonton Oilers charging in the rearview mirror. The Canucks lead the league in goals scored by a wide margin.

nhl playoff odds

Best Odds to Win Each Conference

As of February 26, the Florida Panthers (+400) had the best odds to win the Eastern Conference. The Edmonton Oilers, meanwhile, are the favorites to come out of the west (+350). The Colorado Avalanche are right behind Edmonton at +450.

Best Odds to Win NHL Finals

The Edmonton Oilers are the favorites to win the Stanley Cup with +350 odds as of 2/26/24. The defending Stanley Cup champion Vegas Golden Knights are in the mix at +650.

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Contenders to Make the NHL Playoffs

Watch out for the Winnipeg Jets. No one is talking about them, but they're playing some terrific hockey. They were one of four teams in the league with 50 points or more in the first week of January. They are the second-best defensive team in the Western Conference. Only the Kings have given up fewer goals. Over in the Eastern Conference, the Carolina Hurricanes are on a hot streak. They beat the Rangers on Jan. 2 to creep closer to the top in the Metropolitan division. The Islanders have been one of the surprise teams in the first half of the season. They resided in third place in the Metro behind the Hurricanes and Rangers.

Latest NHL News & Key Developments That Impact Playoffs Odds

Four teams have already fired their head coach this season. Here's the latest on the league's coaching changes, injuries and other news to keep you abreast of what's happening as the race to the playoffs heats up.

  • πŸ“… February 1: The Vancouver Canucks bolstered their roster by acquiring forward Elias Lindholm in a trade with the Calgary Flames, who received three role players and two draft picks, including a 2024 first-round selection, in return.
  • πŸ“… January 5:  Connor Bedard, the heavy favorite to win the league's rookie of the year, sustained a hit that fractured his jaw. He was placed on injured reserve. 
  • πŸ“… January 3: Auston Matthews became the first player in the NHL this season to score 30 goals when he notched an overtime winner to beat the Ducks, 2-1.
  • πŸ“… January 3: Penguins defenseman John Ludwig was placed on long-term injured reserve with an undisclosed injury.
  • πŸ“… January 3: Arizona's Jason Zucker was suspended for three games without pay for boarding Nick Cousins of the Panthers one day earlier.
  • πŸ“… January 1: William Karlsson of the Golden Knights suffered a lower-body injury in a 3-0 loss to Seattle in the Winter Classic. Coach Bruce Cassidy will shuffle his top two lines with his third-leading scorer out of the lineup.
  • πŸ“… December 30: Minnesota's Marc-Andre Fleury became the fourth goaltender in NHL history to play in 1,000 games when he started in a 4-2 loss to the Jets. Only Martin Brodeur, Roberto Luongo and Patrick Roy played in 1,000 games.
  • πŸ“… December 27: Kris Letang of the Penguins became the first defenseman in NHL history to score five points in a period when he had five assists in the second period of a 7-0 win over the Islanders. Letang finished the game with six points -- all assists.
  • πŸ“… December 22: NHL commissioner Gary Bettman upheld a six-game suspension for Red Wings winger David Perron after he cross-checked Senators defenseman Artem Zub in a Dec. 9 game.
  • πŸ“… December 18: The Senators fired head coach D.J. Smith. Jacques Martin, who had been senior advisor to the coaching staff, is the interim coach.
  • πŸ“… December 18: Rickard Rakell returned to the Penguins’ lineup after missing 12 games with an injury. He didn't score a goal in his first 18 games of the season.
  • πŸ“… December 13: The Blues fired head coach Craig Berube after a four-game losing streak. The Blues have some work to do to get back into playoff contention.
  • πŸ“… December 8: Capitals coach Spencer Carbery announced Max Pacioretty is getting close to playing for the first time this season. Pacioretty suffered an Achilles injury in January of 2023.
  • πŸ“… December 7: Boston defenseman Charlie McAvoy, the leading scorer among Bruins blue liners, suffered an upper body injury against the Sabres. He is on injured reserve, but he practiced on December 18.
  • πŸ“… December 7: Maple Leafs goaltender Joseph Woll suffered a high ankle sprain against the Senators. Woll was off to a strong start in his rookie season and helped the Maple Leafs pile up some early wins to get in good playoff position in the Eastern Conference.
  • πŸ“… December 2: Penguins winger Bryan Rust injured his upper body against the Flyers and is out indefinitely. Rust was among the leading scorers on the team before his injury.  
NHL Playoffs Format

How the NHL Playoffs Work

Eight teams from each conference qualify for the playoffs. The top three teams from each division get in as well as two wild card entrants from each conference. The lowest seeded wild card will play the division winner with the most points, and the other wild card plays the other division winner while the second- and third-place teams from each division square off in the first round. In each subsequent round the bracket is reseeded with the highest-seeded teams always playing the lowest-seeded team. The winner of the fourth round of the playoffs is crowned champion.

How to Bet on NHL Playoff Games & Futures with Online Sportsbooks

Go to your favorite Ontario online sportsbook and open an account. Then search for the odds on whatever bet you would like to place. You can bet on games, on postseason awards, futures, prop bets and more. At DraftKings, for example, if you’d like to bet on your favorite team to make the playoffs you can navigate to the β€˜team futures’. Once you see β€˜team futures’ click on icon. From there, you can see the odds for the champion, the Eastern Conference and Western Conference, all four divisions as well as the odds for making the playoffs. If, for example, the Maple Leafs are +145 to make the playoffs you would win $145 on a $100 bet if they qualified. You can place the bet at any time during the season. The same applies for the champion odds, the conference favorites and the division favorites. If you’d like to bet on individual games there are three bets you can place – the moneyline, puck line and over/under. The moneyline bet is the traditional hockey bet where you simply pick the winner of the game. Puck line bets are betting the spread in hockey, which can be tricky because final scores are often influenced by empty net goals.   

What Does "Off the Board" Mean in Sports Betting?

In sports betting, the term "off the board" means a game, event or circumstance (eg. a team chances of making the playoffs) is temporarily unavailable for wagering. Why do sportsbooks do this? They remove wager opportunities from the board to manage risk, whether due to uncertain player status, suspicious betting patterns or unexpected events impacting the outcome and requiring odds adjustments. The sportsbook wants to protect itself from bets made with an unfair advantage due to changing circumstances. While frustrating for bettors who want to get their wagers in, it's a way for sportsbooks to ensure fair play and maintain reliable odds.

When it comes to futures, such as the likelihood that a team will make the playoffs, sportsbooks remove teams once the odds that they won't make the playoffs are remote or impossible. In this case, the sportsbook assumes too much risk by allowing bettors to place wagers on something that almost certainly will occur.

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NHL Playoffs FAQ

The NHL playoffs begin April 22.

Sixteen teams -- 8 from each conference -- qualify for the playoffs.

Futures betting are wagers that are placed on events that will happen in the future. For example, you can place a bet in the summer or fall on which teams will win in the playoffs, which don't begin in the spring.


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