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The NHL playoffs have begun and fans all around the country are wishing and hoping that their team will be hoisting the coveted Stanley Cup at the conclusion of the 2022 playoffs. A major step for a team to win the Stanley Cup is simply to win their respective conference.

This season truly has eight teams in each respective conference that possess the ability to win their conference and compete for the Stanley Cup. Here are the updated NHL Conference odds for the teams in both the Eastern and Western conferences.

Updated Eastern and Western Conference Championship Odds | NHL Playoffs Betting

NHL Eastern Conference Betting Odds

Florida Panthers +224

The President’s Trophy winners are the favorites to win the Eastern Conference this postseason. They were the best offensive team in the NHL this regular season and have plans to continue that success.

Toronto Maple Leafs +320

Toronto is expected to get beyond the failures of the past and make a deep run these playoffs. They have superstar talent with more experience than ever. Look out for the Maple Leafs if they get hot in the playoffs.

Carolina Hurricanes +380

The Hurricanes are built for the playoffs. They play tough defensively and stick to a winning structure. Carolina is more experienced than before and has the depth that other teams can only wish they possess. This team flies under the radar in the Eastern Conference in terms of publicity and coverage.

Tampa Bay Lightning +670

The two-time defending champions are looked at as the 4th best team in the Eastern Conference. They had to rebuild the depth of their roster from previous seasons which isn’t always an easy task. They have experience, skill, and depth to give them hope that a three-peat is possible this season.

The Rest of the Pack

New York Rangers +720
Pittsburgh Penguins +770
Boston Bruins +920
Washington Capitals +1525

NHL Western Conference Betting Odds

Colorado Avalanche +111

It is no surprise that the best team in the Western Conference during the regular season is also the favorite come playoff time. This team has scoring potential throughout their lineup. If their defense and goaltending play consistently, the Colorado Avalanche are going to be a tough out in the playoffs.

Calgary Flames +224

One of the best defensive teams in the NHL all season long. The Flames find themselves atop the Pacific Division with hopes of winning a cup. They have bought into their coach’s structure and that has put them in a place to win the conference. Expect the Flames’ stars to shine these playoffs.

St. Louis Blues +640

The former Stanley Cup champions have all the makings to get back to the finals. They have nine players with 20+ goals on their roster. The depth that they have is a matchup nightmare for opponents. Look for them to play heavy and skilled to try and win a Stanley Cup once again.

Minnesota Wild +850

Minnesota is one of the most skilled teams in the Western Conference. What they lack is experience. Not too many of their players have played in the playoffs. They have big expectations and have superstar ability at the top to go along with it. If their dynamic duo at the goaltending position plays elite they can make a deep run in the 2022 playoffs.