Stanley Cup Odds & Favorites 2025: Panthers the New Favorites; Stars Just Behind After Trade Deadline
It looked as though the Dallas Stars, who snagged Mikko Rantanen on deadline day, would be the Stanley Cup odds favorites after the trade deadline passed.
That was before the Florida Panthers pounced and landed Brad Marchand, adding to the Seth Jones acquisition earlier in the week. Thanks to those moves, the Panthers are the Stanley Cup odds favorites at our best NHL betting sites.
Along with our Stanley Cup odds after the NHL trade deadline winners and losers analysis, here are live and up-to-date Stanley Cup odds.
Stanley Cup odds 2025
Here are some noteworthy takeaways from the Stanley Cup odds:
- The New Jersey Devils saw their odds lengthen from +1300 to +3300 after a largely inactive trade deadline
- The Oilers odds lengthened from +650 to +800
- The Hurricanes odds lengthened from +800 to +900
- The Toronto Maple Leafs odds lengthen from +1200 to +1800 but recovered to +1300 after acquiring Brandon Carlo
- The Oilers have the league's worst points percentage (.318) in the 11 games since Jan. 30
- The Stars, Jets, Caps, and Lightning are the most consistent contenders, and all offer excellent Stanley Cup futures propositions
- Leon Draisaitl is the minus-money Hart Trophy odds favorite, while Connor Hellebuyck is among our picks and predictions to win MVP
🏆 Stanley Cup odds favorites 2025
🐆 Panthers Stanley Cup odds: +650
Marchand and Jones have arrived in Florida and will try to help their new team make it to back-to-back Stanley Cups. And they have the best chance of doing so, according to our best sportsbooks.
While I'd wait to see how both players fit in before triggering your bet, things look awfully good on paper for the Cats, especially if they can get Matthew Tkachuk back into the lineup.
Best Stanley Cup odds: +650 via DraftKings | Implied probability: 13.33%
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⭐ Stars odds: +700
Rantanen gets his new lease on life, and he'll be a welcome addition to a lineup that had everything except an elite scorer. Rantanen was picked up from Carolina to fill that void. There are questions about whether he can thrive without having Nathan MacKinnon feeding him mouthwatering chance after mouthwatering chance.
I believe Rantanen will answer the call. If he does, the Stars are the most formidable team in the league. However, I'd wait to see how Rantanen acclimates before pulling the trigger. A winning $10 bet will profit $70.
Best Stanley Cup odds: +700 via BetMGM | Implied probability: 12.50%
🛢️ Oilers Stanley Cup odds: +800
What is going on in Edmonton? Their goaltenders have lost the plot, the defense — particularly Evan Bouchard — barely seems like he's trying, and Connor McDavid is a ghastly minus-14 since Feb. 4.
They've lost eight of the last 11 games, four of which by at least three goals. The Oilers acquired Trent Frederic from Boston in a three-way trade that included the New Jersey Devils. They also picked up Jake Walman, a top-four defenseman, from the San Jose Sharks.
I still believe in this team, and I think they'll turn it around with enough time to fly into the postseason. I am, however, seriously concerned about the Stuart Skinner-Calvin Pickard tandem. That said, they managed to do the job last season, so there's hope.
In a twist of fate, it might actually be better for the Oilers not to win the Pacific Division. The winner of the Pacific Division is currently on a collision course with the Colorado Avalanche in the first round. Second place would currently get the Los Angeles Kings. Who would you rather play?
While I'm still aboard the Oilers' locomotive, they need to get right soon.
Best Stanley Cup odds: +800 via DraftKings | Implied probability: 11.11%
🌪️ Hurricanes Stanley Cup odds: +1200
As things stand, I wouldn't trust Carolina as far as their wimpish wind could throw things. The Hurricanes are, at best, a light breeze, and it's been that way for about three months. Maybe, as we was obviously a poor fit, getting rid of Rantanen will help the Hurricanes.
Since Nov. 9, the Hurricanes have the 13th-ranked points percentage (.569). That's nowhere near good enough for a perceived Stanley Cup odds contender. I've veered away from this team until they prove otherwise.
Best Stanley Cup odds: +1200 via DraftKings | Implied probability: 7.69%
My Stanley Cup odds team to watch
🏛️ Capitals Stanley Cup odds: +1100
The Capitals didn't do much at the deadline, nor did they need to. The saying don't mess with a good thing is an apt description for a Washington team rolling along unphased.
After taking at least a point in 16 straight home games (11-0-5), the Capitals lost three straight at home. It was their first three-game losing streak of the season, a remarkable stat considering they've played 62 games.
The Great 8 can't be stopped, evidenced by the Alexander Ovechkin goals record odds.
You can still make the most of the +1200 odds FanDuel offers. That number is down from +1400 two weeks ago. Remember, they traded at +2500 about seven weeks ago at our best sports betting sites. So, can they play like this in the postseason? At the moment, there are no red flags to speak of.
Best Stanley Cup odds: +1100 via DraftKings | Implied probability: 8.33%
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Stanley Cup predictions
- Stanley Cup picks and predictions
- Early Stanley Cup predictions
- Hart Trophy odds and favorites
- 2025 Stanley Cup playoffs betting guide
- Stanley Cup odds after the NHL trade deadline
Country of winning team Stanley Cup odds
| Country | FanDuel odds | Implied probability | Profit ($10 bet) |
| 🇺🇸 USA | -400 | 80% | $2.50 |
| 🇨🇦 Canada | +290 | 25.64% | $29 |
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 | Nashville Predators* |
| 4 | Buffalo Sabres* |
| 5 | Seattle Kraken* |
| 6 | Pittsburgh Penguins* |
| 7 | Philadelphia Flyers* |
| 8 | Anaheim Ducks* |
| 9 | Boston Bruins* |
| 10 | Utah Hockey Club* |
| 11 | New York Islanders* |
| 12 | St. Louis Blues* |
| 13 | Montreal Canadiens |
| 14 | Pittsburgh Penguins (via New York Rangers) |
| 15 | Detroit Red Wings |
| 16 | Vancouver Canucks |
| 17 | Montreal Canadiens (via Calgary) |
| 18 | Ottawa Senators |
| 19 | Columbus Blue Jackets |
| 20 | Calgary Flames (via New Jersey) |
| 21 | Los Angeles Kings Philadelphia Flyers (via Colorado) |
| 22 | Philadelphia Flyers (via Colorado) |
| 23 | Philadelphia Flyers (via Edmonton) |
| 24 | Columbus Blue Jackets (via Minnesota) |
| 25 | Carolina Hurricanes |
| 26 | Nashville Predators (via Tampa Bay) |
| 27 | Chicago Blackhawks (via Toronto) |
| 28 | San Jose Sharks (via Dallas) |
| 29 | Calgary Flames (via Florida) |
| 30 | Nashville Predators (via Vegas) |
| 31 | Washington Capitals |
| 32 | Winnipeg Jets |
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 Florida Panthers are the 2025 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 |
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