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The 2021 IIHF World Junior Hockey Championship is scheduled to get underway on December 25 at Rogers Place in Edmonton, Alberta.

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Team Canada is the current favorite with a money line of -130 (You would need to place a bet of $130 to win $100). They return six players from the team that won it all a year ago, including Washington Capitals prospect Connor McMichael and Dawson Mercer, who was drafted 18th overall in the recent NHL draft.

The United States has the second best odds with a money line of +375 (You would win $375 for placing a $100 bet). The Americans were knocked off by Finland 1-0 in the quarterfinals and have failed to produce a podium finish since 2015.

Capitals prospect Martin Hugo Has and the Czech Republic are currently +2000.

The tournament format features two groups of five teams competing in round-robin play, followed by a three-round playoff. In the round robin, three points are awarded for a regulation win and two points for an overtime or shootout victory. One point is allotted for an overtime or shootout loss.

After group play, the four highest-ranked clubs from each group advance to the quarterfinals. This year, Group A consists of Finland, Switzerland, Canada, Slovakia and Germany, while the United States, Russia, Sweden, Czech Republic and Austria comprise Group B.

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