Stanley Cup Betting Odds: Where Do Things Stand Heading Into the Conference Semifinals?

The first round of the 2023 NHL playoffs is officially in the books.

After multiple Game 7s and several upsets -- most notably the Florida Panthers eliminating the Boston Bruins and the Seattle Kraken besting the defending champion Colorado Avalanche -- where do things stand heading into the Conference semifinals?

Here are each team's current odds to win the Stanley Cup, per FanDuel Sportsbook, as well as numberFire's odds for each of the remaining teams to be champs.

1. Toronto Maple Leafs (+380)

The Toronto Maple Leafs lost Game 1 of their series against the Tampa Bay Lightning by four goals, and a history of early exits appeared to be repeating itself. Toronto bounced back immediately, winning Game 2 by five goals, and then proceeded to win three of their next four games in overtime to claim their first playoff series victory since 2004.

The Maple Leafs' 3.83 goals scored per playoff game ranks second among the teams remaining in the postseason. Their 3.50 goals allowed per game ranks seventh. Toronto's power play percentage (28.6%) ranks third, while their penalty kill percentage (76.2%) ranks fifth. Mitchell Marner recorded the best plus/minus (+9) of any skater in the opening round.

Next up is a clash with the Florida Panthers, who are coming off a monumental upset over the Boston Bruins. The Panthers allowed the second-most goals per game (3.86) and most shots per game (35.6) in the first round.

The Maple Leafs are -184 to defeat Florida and advance to the Eastern Conference Finals.

2. Edmonton Oilers (+400)

The Edmonton Oilers won a back-and-forth series with the Los Angeles Kings in six games.

After dropping Games 1 and 3 in overtime, the Oilers found themselves in a 1-2 hole on the road in Game 4. Despite falling behind by three goals in the first period, the Oilers came roaring back, ultimately winning in overtime. They proceeded to win Game 5 by three goals before eliminating the Kings with a narrow victory in Game 6.

As was the case in the regular season, Edmonton's success has come as a direct result of their historically productive offense. Their 4.17 goals per playoff game ranks first among remaining teams, as does their 35.3 shots per game and power play percentage (50.0%). Their 3.33 goals allowed per game and penalty kill percentage (66.7%) rank sixth.

The Oilers head into the second round boasting three of the top six players in points per playoff game Leon Draisaitl (1.83), Evan Bouchard (1.67) and Connor McDavid (1.67).

Next up is a showdown with the Vegas Golden Knights, whose penalty kill percentage (58.3%) ranks last among the remaining teams.

The Oilers are -152 to advance to the Western Conference Finals.

3. New Jersey Devils (+500)

The New Jersey Devils dominated the New York Rangers in Game 7 on Monday, securing a four-goal shutout victory to advance.

The Devils began the series by losing two straight games at home, each by four goals. They responded with back-to-back wins on the road at Madison Square Garden and then proceeded to win their next two home games by a combined score of 8-0.

The Devils' 2.43 goals per playoff game and 29.4 shots per game rank last among the remaining teams. Their power play percentage (16.7%) ranks seventh while their penalty kill percentage (82.1%) ranks third. Their 2.43 goals allowed per game ranks second, and their 27.9 shots allowed per game ranks first.

Defense has been the key for New Jersey, and goalie Akira Schmid leads the postseason in goals against average (1.38) and save percentage (.951%) among goalies with at least two games played.

Next up is a meeting with the Carolina Hurricanes. The Devils are -124 to win the series and advance to the Eastern Conference Finals.

4. Carolina Hurricanes (+550)

The Hurricanes opened their first-round series against the New York Islanders with back-to-back wins on home ice. After losing Game 3 by four goals, they responded with a three-goal victory in Game 4 before ultimately closing out the series with an overtime win in Game 6.

Carolina's 2.67 goals per playoff game ranks sixth among remaining teams despite their 35.0 shots per game, which ranks second. Their power play percentage (20.0%) ranks fifth.

Carolina's scoring woes have been offset by an elite defense. Their penalty kill percentage (94.4%) ranks first, their goals allowed per game (2.50) ranks third, and their 29.0 shots allowed per game ranks second.

With their elevated shot numbers and low goals scored, Carolina has room to improve on offense. If they do so while maintaining their defense, they will be tough to beat.

Up next is a clash with the Devils. The Hurricanes are +102 to advance to the Eastern Conference Finals.

5. Dallas Stars (+650)

The Dallas Stars dropped two of their first three games against the Minnesota Wild in their opening-round series. Down 1-2 on the road heading into Game 4, the Stars secured three straight wins by a combined score of 11-3 to eliminate Minnesota.

Dallas' 3.50 goals per playoff game ranks fifth among the remaining teams. Their shots per game (31.7) also ranks fifth, and their power play percentage (37.5%) ranks second. Their goals allowed per game (2.33) rank first, their shots allowed per game (30.7) ranks third and their penalty kill percentage (81.8%) ranks fourth.

The Stars were a well-rounded team in the first round. On defense, goalie Jake Oettinger was third in save percentage (.929%) and goals against average (2.01) among goalies with at least two games played. On offense, Roope Hintz was first in points (12) and tied for first in points per game (2.0).

Next up for Dallas is a contest against the Seattle Kraken, who upset the Colorado Avalanche to secure their first-ever playoff series win. The Stars are -194 to defeat Seattle and advance to the Western Conference Finals.

6. Vegas Golden Knights (+650)

In a first-round full of six- and seven-game series, the Golden Knights were the only team to advance in five games.

After losing Game 1 at home against the Winnipeg Jets by four goals, Vegas responded with four wins in a row. With the exception of Game 4, which was a double-overtime thriller, all of the Golden Knights' wins were by at least two goals.

Vegas' 3.80 goals per playoff game ranks third among remaining teams, and their shots per game (31.8) ranks fourth. Their goals allowed per game (2.80) ranks fifth, and their shots allowed per game (30.8) ranks fourth.

While the Golden Knights won the series, their struggles on both sides of the power play were notable. Their power play percentage (18.8%) ranks sixth, with goals on just 3 of their 16 opportunities. Their penalty kill percentage (58.3%) sits last, with 5 goals conceded on 12 power plays. In all, 35.7% of the goals Vegas conceded to the Jets came on the power play.

Those struggles are noteworthy because next up for Vegas is the Oilers, whose power play percentage (56.3%) ranks first.

The Golden Knights are +124 to defeat Edmonton and advance to the Western Conference Finals.

7. Florida Panthers (+1100)

The Panthers' series with the Bruins began like many expected it would -- with Boston securing a Game 1 win at home.

The first surprise came in Game 2, when Florida secured a three-goal victory, putting six goals past Boston. The Bruins responded with back-to-back wins on the road, and everything looked to be under control heading back to Boston with Patrice Bergeron set to return from injury.

It was not.

The Panthers won Game 5 in overtime, won a back-and-forth 12-goal thriller in Game 6, and then eliminated the Bruins with a last-minute, game-tying goal in the third period of Game 7 followed by an overtime winner. A historic season vanquished by a historic collapse. The Panthers, who fell victim to the Presidents Trophy curse last season, ensured Boston met a similar fate.

The Panthers' 3.71 goals per game ranks fourth among the remaining teams, and their 32.3 shots per game ranks third. Their power play percentage (25.0%) ranks fourth while their penalty kill percentage (59.3%) checks in seventh.

Defensively, the Panthers struggled against Boston. Their 35.6 shots allowed per game ranked last among all teams in the first round, while their 3.86 goals allowed per game ranked was second-worst, behind only the Los Angeles Kings.

Questions remain at goalie. After Sergei Bobrovsky took over for Alex Lyon, he allowed 3.94 goals per game, second-worst among goalies remaining. On a positive note, Carter Verhaeghe (8) and Matthew Tkachuk (7) are tied for first and fourth in even strength points, respectively.

Up next for Florida is a clash with the Maple Leafs. The Panthers are +148 to advance to the Eastern Conference Finals.

8. Seattle Kraken (+1800)

In a back-and-forth series, the Kraken defeated the defending champion Avalanche on the road in Game 7. It was an impressive feat for any team, but even more so for a Seattle side playing in their first-ever playoff series after finishing last in the Pacific Division with a 27-49-6 record in their inaugural season last year.

The Kraken won three of their four away games to send the Avalanche home early.

Seattle's 2.57 goals per game and 30.0 shots per game both rank seventh among remaining teams, and their power play percentage (14.3%) ranks last. Their 2.71 goals allowed per game ranks fourth while their 33.3 shots allowed per game ranks sixth.

The standout stats for the Kraken were their penalty kill percentage (88.9%), which ranks second, and their penalty minutes per game (6:17), which was the fewest. The Kraken kept Colorado off the power play and allowed them to score on only 2 of 18 attempts when the Avs did get the man advantage.

Next up for Seattle is a meeting with the Stars. The Kraken are +156 to defeat Dallas and advance to the Western Conference Finals.

The above author is a FanDuel employee and is not eligible to compete in public daily fantasy contests or place sports betting wagers on FanDuel. The advice provided by the author does not necessarily represent the views of FanDuel. Taking the author’s advice will not guarantee a successful outcome. You should use your own judgment when participating in daily fantasy contests or placing sports wagers.