The NHL Playoffs is the coveted post-season tournament held after the NHL season wraps up each year. The best-of-seven elimination tournament crowns the Eastern and Western Conference Champions, who then go on to the Stanley Cup Finals in June.
Each year, the NHL Playoffs provide sports bettors with some great opportunities to bet on elite-level games - upping the ante, and providing added challenges to sports bettor’s strategies due to the high level and close competition. Each game provides opportunities for upsets, so bettors need to really dig in and research their NHL Playoffs betting strategy.
The top four teams in each conference have a bye to the NHL Playoffs and will play a round-robin to determine the top four seeds for the first round. The remaining teams will participate in a best-of-five series.
Odds to Win the Stanley Cup 2021
The NHL Playoff odds to win the Championship are available and subject to change. The NHL Playoff odds 2021 were last updated on May 7, 2021:
|Vegas Golden Knights||+550||+470||+550|
|Tampa Bay Lightning||+700||+700||+650|
|Toronto Maple Leafs||+650||+600||+650|
|New York Islanders||+1600||+1400||+1400|
nhl playoff odds
2020 NHL Playoffs Betting
When it comes to NHL Playoff betting, we need to go through the different betting types and create a betting strategy for the 2021 NHL Playoff season. While this year proves to be a bit different, we can first take a look at what teams are in each conference and how they measure up.
There are currently NHL odds to make the Playoffs and odds for the winner of each division. These are called NHL Playoff futures and are made available months in advance.
The odds to make the NHL Playoffs is a very popular market and draws the attention of bettors from across the globe, as the postseason is by the far the most exciting part of the season.
Betting Options During the NHL Playoffs
NHL Playoffs Moneyline Betting
By far, the moneyline is the most popular betting type in any sport, and betting the moneyline during the NBA Playoffs can prove to be a bit riskier. but all the more exciting. When betting the moneyline, all you have to do is to choose which team you think will win the game. It doesn’t get much more simple than that. There will be moneyline odds on all games in the playoffs, so you can place a moneyline wager on any or all NHL Playoff games.
NHL Playoffs Puckline Betting
While puck lines or point spreads are a little more complicated, betting the point spreads during the NHL Playoffs can prove to be a smarter option if you aren’t doing well with your moneyline bets. When seeding a first-place team against an 8th place team, you will see obvious underdogs and the puck line may seem high, so you could get some good value betting on the underdog. This also leaves huge opportunities for upsets, which as you know, will pay out the big bucks.
If the spread is +3.5/-3.5, that means that the underdog will have to win the game or lose by less than 3. If you pick the favorite, they will have to win by more than 4 points.
NHL Playoffs Totals Betting
Totals aren’t as popular when it comes to betting on the NHL Playoffs because most bettors want to predict the winner of the matchup for the fun and glory of it. For the totals, or over/under as it’s commonly called, you will need to decide if the total combined points for both teams in a single game will be over or under the oddsmaker’s line. If the total is 11, you will need to decide if you think both teams will score more or less than that amount collectively.
NHL Playoff Prop Betting
NHL prop betting is a fun and exciting way to make some extra cash on random and unique happenings during the NHL Playoff tournament. There are countless NHL Playoff props to bet on during the tournament, and many are already active right now.
NHL Prop bets allow you to bet on things that don’t affect the outcome of the games. You can bet on player props, which is most common. Or, things like how many games a certain team will win the series in, like “Blues in 5”.
Depending on which sportsbook you use, they will have a great assortment of NHL Playoff props for you to bet on leading up to and during the tournament.
2020 NHL Playoffs Format
East: Boston Bruins, Tampa Bay Lightning, Washington Capitals and Philadelphia Flyers
The best of five series pairings in the East are as follows:
- Pittsburgh Penguins vs Montreal Canadiens
- Carolina Hurricanes vs New York Rangers
- New York Islanders vs Florida Panthers
- Toronto Maple Leafs vs Columbus Blue Jackets
West: St. Louis Blues, Colorado Avalanche, Vegas Golden Knights, Dallas Stars
- The best of five series pairings in the West are as follows:
- Edmonton Oilers vs Chicago Blackhawks
- Nashville Predators vs Arizona Coyotes
- Vancouver Canucks vs Minnesota Wild
- Calgary Flames vs Winnipeg Jets
Top Online Sportsbooks for Betting on the NHL Playoffs
Now that you have a better idea of how to bet on the NHL Playoff odds and popular betting options you can take advantage of during the tournament, it’s time to choose a sportsbook to place your wagers at. We know it can be overwhelming to see so many online sportsbooks and stressful to try to choose the best one.
Luckily we have plenty of online sportsbook reviews to ensure you select one that’s safe, secure and has plenty of NHL Playoff odds to choose from. Reviews help by showing you some important criteria you may overlook, like deposit and withdrawal options, deposit minimums and maximums, and whether or not they have NHL Playoff bonuses.
Remember to have fun betting on the 2021 NHL Playoffs, and as always, gamble responsibly.
NHL Playoff FAQs
When do the NHL Playoffs start in 2021?
The 2021 NHL Regular season comes to a close soon, with the Playoffs starting on Tuesday 11th of May and concluding with the Stanley Cup Finals finishing no later than Friday, July 9th.
Who won the NHL Playoffs in 2020?
The Stanley Cup Finals are the conclusion of the postseason NHL Playoffs, which in 2020 feature the underdogs the Dallas Stars and title favorites the Tampa Bay Lightning. The Lightning won the series with relative ease and claimed their 2nd Stanley Cup title.
Which is the best sportsbooks for NHL Playoffs betting?
This is a difficult question, as we know there are many great sportsbooks which we highlighted on our recommended sportsbook page. The best thing to do is to take a look through them and find the right one for you, as there are so many different features that suit each player differently.
Which team is favorite to win the NHL Playoffs?
This year it's the Colorado Avalanche, who have looked strong this season. While they aren't the best performing team in the league, they have a very complete team.
Is NHL Playoff betting profitable?
This depends on the bettor and the types of wagers they're placing. NHL Playoff betting can be very profitable, but the bettor must make intelligent bets based on a variety of factors; namely performance, team balance, and historical performance in the NHL Playoffs.