According to Las Vegas gambling site Bovada, the New York Rangers are the new favourite to win the Stanley Cup.

The Rangers had a price of 12-to-1 on March 3 but after a strong month have now almost halved those odds to 13-to-2.

The Chicago Blackhawks, who were a 15-to-2 favourite last month, are now second at 7-to-1.

The Montreal Canadiens remained at 10-to-1 to win the title, tied with St. Louis and Tampa Bay.

The biggest odds improvement in March came from the Ottawa Senators, who rode Andrew Hammond's winning streak and dropped from 200-to-1 odds to 50-to-1 to win the Cup.

As far as individual awards, Canadiens goalie Carey Price remains the heavy favourite (1-to-3) to capture the Hart Trophy as league MVP. Alex Ovechkin (7-to-2) and Sidney Crosby (7-to-1) have the next lowest odds after Price.

Calgary Flames forward Johnny Gaudreau is the favourite (4-to-7) to win the Calder Trophy, ahead of Nashville's Filip Forsberg (7-to-4), Ottawa's Mike Hoffman (6-to-1), and Florida's Aaron Ekblad (8-to-1).