Stanley Cup Odds & Favorites 2024: Stars Join Panthers as Favorites
The Stanley Cup odds from our best NHL betting sites are moving more and more significantly with every game played as Round 2 is well underway with the Florida Panthers and Dallas Stars the latest betting favorites.
As the second round of the NHL playoffs presses on, we have a new consensus favorite at our best sports betting sites. The Carolina Hurricanes long held that role since the postseason began but are on the brink of elimination after losing three straight to the New York Rangers. With the commanding series lead, the Rangers have moved up to fill that void, but the Florida Panthers remain in control of the top spot.
The Edmonton Oilers were the favorites at some of the best sports betting apps heading into the second round, but they lost some ground after losing their series opener against the Vancouver Canucks. They evened things up with a Game 2 overtime win on the road.
We're breaking down the latest Stanley Cup odds below.
Stanley Cup betting odds 2024
(Stanley Cup odds as of May 12)
| Team | DraftKings | FanDuel | BetMGM | Caesars | bet365 |
|---|---|---|---|---|---|
| Panthers | +320 | +310 | +320 | +310 | +333 🔥 |
| Stars | +360 🔥 | +330 | +350 | +350 | +300 ❄️ |
| Rangers | +400 🔥 | +380 | +375 | +360 | +350 ❄️ |
| Oilers | +400 | +410 🔥 | +400 | +400 | +300 ❄️ |
| Avalanche | +1000 | +950 | +900 | +1000 | +800 ❄️ |
| Bruins | +1600 ❄️ | +2200 | +2000 | +2400 🔥 | +2000 |
| Hurricanes | +2000 | +1800 | +1800 | +2000 | +1800 |
| Canucks | +2200 | +1900 | +2000 | +2400 🔥 | +1700 ❄️ |
2024 Stanley Cup favorites
Panthers (+333 via bet365)
The Panthers are back in control of their second-round series against the Bruins after taking Game 3 by a 6-2 count on the road in Boston. That's back-to-back wins by a combined nine goals for the Panthers after they were shocked at home in Game 1.
This all has Florida sitting pretty atop the Stanley Cup oddsboard, and there's an enticing +333 ticket still available at bet365.
Rangers (+350 via DraftKings)
The Rangers have vaulted to the top of the oddsboard by opening the second round with three straight victories over the Hurricanes. New York is in the driver's seat to advance to the Eastern Conference Final by playing a physical game and an adept offense. They missed their first chance to advance on Sunday and will try to end the series in five on home ice on Monday.
Oilers (+410 via Caesars)
Edmonton posted the fourth-most regular season goals, and the offense hasn't slowed much to begin the playoffs. The Oilers netted at least four goals in four of their five opening-round games en route to eliminating the Los Angeles Kings 4-1.
The most significant question out of Alberta ahead of Edmonton's second-round series against the Vancouver Canucks is if the goaltending can hold up, as the Oilers allowed three-plus goals in three of their five games against L.A. That was an issue in their series opener vs. Vancouver as the Canucks rallied from down 4-2 to score three goals in the final frame and pick up a 5-4 victory.
Edmonton rebounded with a 4-3 overtime road win in Game 2 to steal home-ice advantage in this pivotal series.
Round 2 matchups
| Western Conference | Eastern Conference |
|---|---|
| Oilers (1) vs. Canucks (1) | Hurricanes (1) vs. Rangers (3) |
| Avalanche (1) vs. Stars (2) | Panthers (2) vs. Bruins (1) |
Stanley Cup odds over time
The Hurricanes, Avalanche, Panthers, and Stars have been the most significant movers over the last couple of weeks. The Rangers are also surging, while the Bruins have rebounded from a recent slide.
| Team | Odds on June 13, 2023 | Odds on April 8, 2024 | Odds on May 6, 2024 (bet365) |
|---|---|---|---|
| Hurricanes | +1200 | +650 | +575 |
| Avalanche | +800 | +700 | +625 |
| Panthers | +2000 | +700 | +450 |
| Oilers | +1000 | +750 | +350 |
| Rangers | +1400 | +900 | +525 |
| Stars | +1600 | +900 | +475 |
| Bruins | +1100 | +1000 | +1100 |
| Golden Knights | +1200 | +1200 | OFF |
| Canucks | +5000 | +1600 | +1500 |
| Maple Leafs | +1000 | +1400 | OFF |
| Lightning | +1400 | +2500 | OFF |
| Jets | +4000 | +1800 | OFF |
| Kings | +2000 | +3500 | OFF |
| Predators | +5000 | +4000 | OFF |
Stanley Cup 2023-24 winning conference odds
Odds as of May 6
Stanley Cup 2023-24 winning division odds
Odds as of May 6
Stanley Cup matchup odds
Odds via FanDuel as of May 6
| Teams | Odds |
|---|---|
| Panthers vs. Oilers | +750 |
| Rangers vs. Oilers | +800 |
| Panthers vs. Stars | +850 |
| Rangers vs. Stars | +900 |
| Hurricanes vs. Oilers | +950 |
| Hurricanes vs. Stars | +1000 |
| Panthers vs. Avalanche | +1100 |
| Rangers vs. Avalanche | +1100 |
| Bruins vs. Oilers | +1400 |
| Hurricanes vs. Avalanche | +1400 |
| Bruins vs. Stars | +1500 |
Stanley Cup exact result odds
Odds via FanDuel as of May 6
| Teams | Odds |
|---|---|
| Panthers to beat Oilers | +1400 |
| Stars to beat Panthers | +1600 |
| Rangers to beat Oilers | +1600 |
| Oilers to beat Rangers | +1600 |
| Oilers to beat Panthers | +1700 |
| Stars to beat Rangers | +1700 |
| Panthers to beat Stars | +1800 |
| Rangers to beat Stars | +1800 |
| Hurricanes to beat Oilers | +2000 |
| Panthers to beat Avalanche | +2000 |
Stanley Cup champion: Canadian teams vs. field odds
Odds via FanDuel as of May 6
Eastern Conference champion
Odds via DraftKings on May 7
Western Conference champion
Odds via DraftKings on May 7
Stanley Cup opening odds
Stanley Cup opening odds as of June 13, 2023.
| Team | Odds |
|---|---|
| Avalanche | +800 |
| Oilers | +1000 |
| Maple Leafs | +1000 |
| Bruins | +1100 |
| Hurricanes | +1200 |
| Devils | +1200 |
| Golden Knights | +1200 |
| Rangers | +1400 |
| Lightning | +1400 |
| Stars | +1600 |
| Panthers | +2000 |
| Kings | +2000 |
| Flames | +2500 |
| Wild | +3000 |
| Penguins | +3500 |
| Sabres | +4000 |
| Senators | +4000 |
| Jets | +4000 |
| Red Wings | +5000 |
| Predators | +5000 |
| Islanders | +5000 |
| Kraken | +5000 |
| Canucks | +5000 |
| Blues | +6600 |
| Capitals | +6600 |
| Blackhawks | +12500 |
| Blue Jackets | +12500 |
| Coyotes | +15000 |
| Canadiens | +15000 |
| Flyers | +15000 |
| Sharks | +15000 |
| Ducks | +20000 |
Stanley Cups won by division
Here's a look at the number of Stanley Cups won by division since the NHL adopted the four-division format for the 2013-14 season.
| Division | Stanley Cups won |
|---|---|
| Atlantic | 2 |
| Metropolitan | 3 |
| Central | 3 |
| Pacific | 2 |
Past Stanley Cup winners
| Year | Team | Preseason odds |
|---|---|---|
| 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 |
NHL teams with the most Stanley Cups
| Team | Stanley Cup wins | Stanley Cup appearances |
|---|---|---|
| Canadiens | 24 | 35 |
| Maple Leafs | 13 | 21 |
| Red Wings | 11 | 24 |
| Bruins | 6 | 20 |
| Blackhawks | 6 | 13 |
| Oilers | 5 | 7 |
| Penguins | 5 | 6 |
| Islanders | 4 | 5 |
| Rangers | 4 | 11 |
| Avalanche | 3 | 3 |
| Devils | 3 | 5 |
| Lightning | 3 | 3 |
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 favoritism, while higher odds indicate underdog status.
A team with +750 odds to win the Stanley Cup is given an 11.76% implied probability of doing so with a $10 bet returning a $75 profit with a victory. A team with +1500 odds would have higher or longer odds, and a lower implied probability of 6.25%, but a win on a $10 bet would return a profit of $150.
Bettors should consider team performance, roster strength, injuries, and historical trends when assessing odds. By comparing odds across sportsbooks, individuals can make informed betting decisions during the NHL playoffs.
NHL draft order
Draft order as of May 8
The first 16 picks are set following the Draft Lottery. The remaining picks will be settled as the playoffs progress.
| Pick | Team |
|---|---|
| 1 | San Jose Sharks |
| 2 | Chicago Blackhawks |
| 3 | Anaheim Ducks |
| 4 | Columbus Blue Jackets |
| 5 | Montreal Canadiens |
| 6 | Utah |
| 7 | Ottawa Senators |
| 8 | Seattle Kraken |
| 9 | Calgary Flames |
| 10 | New Jersey Devils |
| 11 | Buffalo Sabres |
| 12 | Philadelphia Flyers |
| 13 | Minnesota Wild |
| 14 | San Jose Sharks (via Penguins) |
| 15 | Detroit Red Wings |
| 16 | St. Louis Blues |
| 17 | Washington Capitals |
| 18 | New York Islanders |
| 19 | Vegas Golden Knights |
| 20 | Chicago Blackhawks (via Lightning) |
| 21 | Los Angeles Kings |
| 22 | Nashville Predators |
| 23 | Toronto Maple Leafs |
| 24 | Anaheim Ducks (via Oilers) |
| 25 | Colorado Avalanche |
| 26 | Ottawa Senators (via Bruins) |
| 27 | Montreal Canadiens (via Jets) |
| 28 | Carolina Hurricanes |
| 29 | Calgary Flames (via Canucks) |
| 30 | Philadelphia Flyers (via Panthers) |
| 31 | Dallas Stars |
| 32 | New York Rangers |
Stanley Cup Final FAQs
Who is the Stanley Cup Final favorite?
The Florida Panthers are the Stanley Cup favorites across most of our best live betting sites, trading as short as +310, representing an implied win probability of 24.39%.
When did the NHL playoffs start?
The NHL playoffs began on Saturday, April 20, 2024.
When will the Stanley Cup Final start?
Last year, Game 1 of the Stanley Cup Final took place on Saturday, June 3. The NHL will announce the beginning of the 2024 final closer to next spring.
Who won the Stanley Cup last year?
The Vegas Golden Knights won the 2022-23 Stanley Cup Final, defeating the Florida Panthers in five games.
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:
- Caesars Promo Code: SBRBONUS1000 | Read our Caesars Review
- BetMGM Bonus Code: SBRBONUS | Read our BetMGM Review
- bet365 Bonus Code: SBRBONUS | Read our bet365 Review
- BetRivers Promo Code: SBRBONUS | Read our BetRivers Review
- FanDuel Promo Code | Read our FanDuel Review
- DraftKings Promo Code | Read our DraftKings Review
(21+. Gambling Problem? Call 1-800-GAMBLER)
* Bonuses not applicable in Ontario.
Related pages
- Best Sports Betting Sites | Best Sportsbook Promos (U.S. only)
Related Articles
