Stanley Cup Odds & Favorites 2026: Champion Panthers, Oilers Co-favorites for 2026

The Florida Panthers won their second straight Stanley Cup over the Edmonton Oilers, and the heated adversaries opened as co-favourites via the 2026 Stanley Cup odds.
Stanley Cup Odds & Favorites 2026: Panthers, Oilers Open as Co-favorites
Pictured: The Florida Panthers pose for a photo with the Stanley Cup after winning the 2025 Stanley Cup Final. Photo by Sam Navarro via Imagn Images

The Florida Panthers are Stanley Cup champions again, rubbing buckets of salt on the Edmonton Oilers' wounds for a second year running. The heated rivals have opened as the 2026 Stanley Cup odds co-favorites, with the Carolina Hurricanes close behind.  

Here are the early 2026 Stanley Cup odds, along with a winner's pick from AI via ChatGPT. 

🔢 Odds to win 2026 Stanley Cup

Our Stanley Cup odds update in real time throughout the NHL playoffs. See the NHL odds for the best odds on each game this postseason.

🤖 Stanley Cup 2026 AI prediction

We asked ChatGPT, a large language model chatbot from OpenAI, for its best prediction to win the Stanley Cup. Please note that ChatGPT is not an experienced bettor but can provide additional information and insights into the tournament and betting markets. This is for entertainment purposes only.

🏆 Stanley Cup prediction: Edmonton Oilers

🔍 Why Edmonton?

1. Connor McDavid’s championship window

  • McDavid is in the prime of his career, and after leading the 2025 Oilers to the Stanley Cup Final with one of the most dominant playoff performances in history, he’s proven he can deliver in high-pressure moments.
  • His two-way game has grown, and his leadership is at an all-time high. If 2024 and 2025 were his warning shots, 2026 may be his coronation.

2. Draisaitl’s likely extension

  • While there’s speculation about his long-term future, Draisaitl is still under contract through the 2025-26 season, meaning the Oilers will have one last guaranteed year of the NHL’s most dangerous 1-2 punch.
  • He remains a playoff assassin—elite in transition, lethal on the power play.

3. Improved supporting cast

  • The 2025 playoffs showed that Edmonton’s depth is no longer a liability. Players like Evan Bouchard, Mattias Ekholm, and Zach Hyman form a well-rounded group.
  • Management’s recent moves to improve defensive responsibility and secondary scoring have paid off.

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📖 Opening Stanley Cup odds

  • Panthers: +750
  • Oilers: +750
  • Hurricanes: +900
  • Avalanche: +1000
  • Stars: +1200
  • Golden Knights: +1200
  • Lightning: +1600
  • Devils: +2000
  • Kings: +2000
  • Maple Leafs: +3000
  • Jets: +3500
  • Capitals: +3500
  • Senators: +4000
  • Rangers: +4000
  • Mammoth: +4000
  • Wild: +4500
  • Blues: +5000
  • Canucks: +5500
  • Islanders: +6600
  • Flames: +10000
  • Flyers: +10000
  • Predators: +10000
  • Canadiens: +10000
  • Red Wings: +12500
  • Blue Jackets: +12500
  • Bruins: +12500
  • Sabres: +15000
  • Penguins: +28000
  • Kraken: +31000
  • Ducks: +39000
  • Sharks: +50000
  • Blackhawks: +50000

📜 Stanley Cup betting history

Here are recent Stanley Cup winners and their preseason betting odds:

Year Team Preseason odds
2025 Florida Panthers  +900
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

❓ Stanley Cup Final FAQs

Who is the Stanley Cup Final favorite?

The Florida Panthers and Edmonton Oilers are the 2026 Stanley Cup odds co-favorites. Their best odds stand at +750, representing an implied win probability of 11.76%, according to our odds converter.

Who won the 2025 Stanley Cup?

The Panthers defeated the Oilers in six games, beating Edmonton for the second straight final. 

When did the NHL playoffs start? 

The playoffs started on Saturday, April 19, 2025.  

When does the Stanley Cup Final start?

The 2025 Stanley Cup Final began on Wednesday, June 4 and ended on June 17. 

When was the last back-to-back Stanley Cup winner?

The Florida Panthers won back-to-back Stanley Cups in 2024 and 2025. Previously, the Tampa Bay Lightning won it in 2020 and 2021, 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 won four Stanley Cups in a row from 1980 to 1983. 

🥅 NHL betting odds pages

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