Quartet of teams tied atop updated odds to win Stanley Cup

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Four weeks into the season, there has been major movement on the 2017 Stanley Cup odds.

Four teams – the Chicago Blackhawks, Montreal Canadiens, reigning champion Pittsburgh Penguins and Washington Capitals – share the top odds at +900 at sportsbooks monitored by OddsShark.com.

And the teams trending the most in each direction are the Edmonton Oilers and the Los Angeles Kings. Edmonton, which is on the upswing thanks to generational talent Connor McDavid, has seen its odds come down from +7500 to +1000. The Kings, who did not record a win in regulation time until their 12th game, have seen their odds rise from +850 at the outset of the season to +2500 on those NHL betting lines.

The Oilers have not made the playoffs since 2006, but one only need look at the recent success of the Blackhawks (Jonathan Toews, Patrick Kane) and Penguins (Sidney Crosby) to know a team which spends years amassing high draft picks can hit its stride very quickly. The Oilers have one of the NHL’s most productive offenses, which is going to keep them in a lot of games. Their odds still carry a lot of value.

Results in hockey are much more random than in other team sports. It is not surprising that most of the teams at the top of the board have a PDO – a team’s shooting percentage combined with the save percentage of its goalies – well above 100. Teams tend to regress or rise toward the mean over time. According to the PDO tables at SportingCharts.com, the New York Rangers (+1000), Blackhawks and Canadiens are all having a high degree of puck luck early in the season.

In Montreal’s case, one couldn’t be faulted for betting on a team which now has franchise goalie Carey Price fully healthy. Washington, led by captain Alex Ovechkin and bolstered by goalie Braden Holtby, is off to a strong start that is sustainable. Each seems to have the most solid case among the leaders.

The teams which currently possess value include the Dallas Stars (+2000) and the aforementioned Kings (+2500). Dallas has started slowly, but if the Stars get an upgrade in goal to back up their skilled attack, they could be poised for a run in the Western Conference.

The fact that the Kings have been snakebit scoring-wise during a small sample of games does not mean a team with premier defenseman such as Drew Doughty and Jake Muzzin could not be a dangerous playoff team. The Kings were the No. 8 seed when they won their first Cup in 2012. At this juncture, they have a lot of value.