Stanley Cup Odds & Favorites 2025: Hurricanes Hanging On Ahead of Oilers
It's shocking to see a team not named the Edmonton Oilers atop the Stanley Cup odds leaderboard. However, a blockbuster trade has catapulted the Carolina Hurricanes past Kris Knoblauch's squad and into pole position at our best NHL betting sites.
The question is, how long will their reign atop the odds leaderboard last? It's the first time the Edmonton Oilers have been unseated this season, and they'll be relentless in their pursuit to recapture top-dawg status.
The Florida Panthers, Dallas Stars, and New Jersey Devils round out the five favorites.
Stanley Cup odds 2025
Here are some noteworthy takeaways from the Stanley Cup odds:
- The Hurricanes have jumped to the top of the oddsboard following their trade for Mikko Rantanen.
- The Oilers' Stanley Cup odds shortened from +800 to +650 over the last three weeks
- The Stars are the hottest team in the chasing pack
- The Vegas Golden Knights and Avalanche cooled after sizzling-hot streaks
- The Devils are suffering from an alarming nosedive, losing 10 of 14
- Leon Draisaitl is the Hart Trophy odds favorite
- The Capitals boast the 10th-shortest Stanley Cup odds (+1900) despite posting the best points percentage
Stanley Cup odds favorites 2025
Hurricanes Stanley Cup odds: +650
It's shocking to see someone other than the Oilers alone at the top, but here we are. However, if anyone was going to do it, it was Carolina.
Carolina hasn't exactly been the hottest team in the league, but it's built for the postseason. It has one of the league's most impressive offenses. Its also picked up victories over a number of contending teams since the calendar flipped to January, with wins over the Panthers, Maple Leafs, Golden Knights, and Stars in its recent run of games.
This team is lined with vets who know how to get it done, having reached the postseason in six straight seasons, including a couple of trips to the Eastern Conference Final. Bringing in a superstar like Rantanen will make the Hurricanes even more challenging to knock off when the time comes.
And they'll be buoyed by the return of No. 1 goaltender Frederik Andersen. But how long will he remain healthy for this time? A $10 wager could turn a $65 profit if the Canes can capture their first cup since the 2005-06 season.
Best Stanley Cup odds: +650 via DraftKings | Implied probability: 13.33%
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Oilers Stanley Cup odds: +700
I've been bullish about the Oilers since the midway mark of last season, and now there's even more reason to pump their already-inflated tires.
They are a league-best 26-8-2 since Nov. 8. Their two megastars are Hart Trophy odds front-runners, and the Oilers are unstoppable at home. Their defensive play has been much better, too. Edmonton will be a menace come playoff time as long as this team stays relatively injury-free - especially its headline acts.
A $10 bet will lead to a $70 profit if the Oilers can win their first Cup in 25 years. And barring a spectacular goaltending performance, I can't see any team beating them in a seven-game series.
Best Stanley Cup odds: +700 via FanDuel | Implied probability: 12.50%
New customers only. Deposit min. $5. Place first bet of $5+ and win $200 in Bonus Bets, if your bet wins. (within 72 hours).
My Stanley Cup odds team to watch
Capitals Stanley Cup odds: +1900
The Caps are back to their best after a short patch of inconsistency. They boast the NHL's best points percentage (.724) due to a league-best defense.
FanDuel is offering highly appealing value. It's easily the best value for any futures pick, as a winning $10 bet will profit $190. Those odds have shortened from +2500 over the last three weeks, and I expect Washington's price to improve again soon.
While I still think a regression could be forthcoming, this team is showing no signs of taking a step backward yet.
Best Stanley Cup odds: +1900 via FanDuel | Implied probability: 5.00%
Opening Stanley Cup odds
- Panthers: +900
- Avalanche: +1000
- Stars: +1000
- Oilers: +1000
- Hurricanes: +1100
- Golden Knights: +1200
- Devils: +1300
- Rangers: +1300
- Maple Leafs: +1600
- Bruins: +2000
- Lightning: +2000
- Canucks: +2000
- Kings: +2200
- Jets: +2200
- Predators: +3500
- Red Wings: +4000
- Wild: +4000
- Islanders: +4000
- Senators: +4000
- Penguins: +4000
- Blues: +4500
- Sabres: +5000
- Flyers: +5000
- Flames: +6600
- Kraken: +8000
- Utah: +10000
- Capitals: +10000
- Canadiens: +15000
- Blue Jackets: +25000
- Ducks: +30000
- Blackhawks: +30000
- Sharks: +30000
Projected 2025 NHL Draft order
There's a quick caveat to the NHL draft order, as the team that finishes last in the standings doesn't automatically get the No. 1 draft pick. The NHL draft lottery features the 16 teams that do not make the Stanley Cup playoffs.
Teams can move as many as 10 spots up the NHL draft order compared to where they finished in the regular season standings.
Therefore, 11 teams are in the mix for the No. 1 pick. However, the last-placed team is more likely to secure the first pick.
*Teams in the running for the No. 1 pick
| Pick | Team |
|---|---|
| 1 | San Jose Sharks* |
| 2 | Chicago Blackhawks* |
| 3 | Buffalo Sabres* |
| 4 | Nashville Predators* |
| 5 | Seattle Kraken* |
| 6 | Pittsburgh Penguins* |
| 7 | Anaheim Ducks* |
| 8 | St. Louis Blues* |
| 9 | Utah Hockey Club* |
| 10 | Philadelphia Flyers* |
| 11 | New York Rangers* |
| 12 | New York Islanders |
| 13 | Montreal Canadiens |
| 14 | Detroit Red Wings |
| 15 | Boston Bruins |
| 16 | Vancouver Canucks |
| 17 | Columbus Blue Jackets |
| 18 | Ottawa Senators |
| 19 | Nashville Predators (via Tampa Bay) |
| 20 | Montreal Canadiens (via Calgary) |
| 21 | Philadelphia Flyers (via Colorado) |
| 22 | Calgary Flames (via New Jersey) |
| 23 | Calgary Flames (via Florida) |
| 24 | Los Angeles Kings |
| 25 | Columbus Blue Jackets (via Minnesota) |
| 26 | Dallas Stars |
| 27 | Carolina Hurricanes |
| 28 | Nashville Predators (via Vegas) |
| 29 | Chicago Blackhawks (via Toronto) |
| 30 | Philadelphia Flyers (via Edmonton) |
| 31 | Winnipeg Jets |
| 32 | Washington Capitals |
Stanley Cup odds history
| Year | Team | Preseason odds |
|---|---|---|
| 2024 | Florida Panthers | +2000 |
| 2023 | Vegas Golden Knights | +1800 |
| 2022 | Colorado Avalanche | +600 |
| 2021 | Tampa Bay Lightning | +900 |
| 2020 | Tampa Bay Lightning | +675 |
| 2019 | St. Louis Blues | +3000 |
| 2018 | Washington Capitals | +1125 |
| 2017 | Pittsburgh Penguins | +1100 |
| 2016 | Pittsburgh Penguins | +1300 |
| 2015 | Chicago Blackhawks | +700 |
| 2014 | Los Angeles Kings | +1200 |
How to read Stanley Cup odds
Stanley Cup odds reflect the probability of each NHL team winning the championship and are typically presented in American odds format (+XXX). Lower odds signify a higher probability, while higher odds indicate a lower probability.
For example, a $100 bet at +500 odds would win you $500, plus your original $100 stake, totaling $600.
A team with +750 odds to win the Stanley Cup is given an 11.76% implied probability of doing so with a $100 winning bet returning a $750 profit, plus your $100 stake ($850 total).
A team with +1500 odds would have higher or longer odds, and a lower implied probability of 6.25%, but a win on a $100 bet would return a profit of $1,500 if it hits.
How to bet on Stanley Cup futures odds
There are many facets to take into consideration when making your Stanley Cup futures bet or bets, including the following:
Roster and personnel updates: Injuries, suspensions, and, to a lesser extent, hot and cold streaks of a team's most influential players all impact a team's Stanley Cup futures odds. Also, make sure the roster isn't too old or too young. Both can have severe implications in the playoffs.
Playoff experience: It's best to back a team with players suited for the NHL playoffs or a wealth of playoff experience. For example, Matthew Tkachuk is born to play in the postseason, usually elevating his level at the most meaningful time of year.
He has all the attributes required to thrive in the playoffs, including an ability to handle, even dominate, the physical rigors of a two-month postseason run.
The Vancouver Canucks were one of the 2023-24 Stanley Cup favorites midway through last season. However, they had a palpable lack of playoff experience, with only two players who'd previously won a Stanley Cup. Avoid backing teams like that as your futures pick.
Compare sportsbook prices: Find the sportsbook offering the best value on your Stanley Cup futures pick. Also, lock your pick in when you feel the odds are at their highest.
For example, if you believed in the Edmonton Oilers throughout the 2023-24 season, regardless of form, it would have been best to place the wager when the team fired former head coach Jay Woodcroft.
That was when they hit rock bottom, which would have yielded longer odds and a higher potential return.
Stanley Cup Final FAQs
Who is the Stanley Cup Final favorite?
The Carolina Hurricanes are the 2024-25 Stanley Cup odds favorites. Their best odds stand at +650, representing an implied win probability of 13.33%, according to our odds converter.
Who won the Stanley Cup last year?
The Florida Panthers defeated the Edmonton Oilers in seven games, winning 2-1 in Game 7 on home ice to claim the Stanley Cup last year.
When do the NHL playoffs start?
The NHL playoffs began on Saturday, April 20, 2024. Expect them to start around the same time this season.
When does the Stanley Cup Final start?
The 2024 Stanley Cup Final began Saturday, June 8 and finished on June 24. Those are rough dates to expect the 2024-25 final to be played.
Has a team ever come back from 3-0 to win the Stanley Cup?
The 1942 Toronto Maple Leafs rallied from a 3-0 deficit to topple the Detroit Red Wings and win the Stanley Cup, becoming the only professional North American sports franchise to pull off that feat.
The Edmonton Oilers forced Game 7 in the 2023-24 Stanley Cup Final, but lost 2-1 on the road.
When was the last back-to-back Stanley Cup winner?
The Tampa Bay Lightning won back-to-back Stanley Cups in 2020 and 2021. Previously, the Pittsburgh Penguins won it in 2016 and 2017, and the Detroit Red Wings in 1996 and 1997.
When was the last Stanley Cup three-peat?
The New York Islanders were the last team to win the Stanley Cup in three successive seasons. They won four in a row from 1980 to 1983.
NHL betting odds pages
| Stanley Cup Odds | Hart Trophy Odds | Calder Trophy Odds |
| Norris Trophy Odds | Vezina Trophy Odds | Rocket Richard Odds |
| Jack Adams Award Odds | Conn Smythe Trophy Odds | NHL Draft Odds |
Here are our best NHL betting sites:
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