The 2025-26 Stanley Cup Odds have the Colorado Avalanche well ahead of the field at +39.0, making them the clear favorite. The Tampa Bay Lightning have jumped to second on the odds board with +750 odds, while fellow Eastern Conference side Carolina rounds out the top three with +800 odds.
Terms and Conditions
GAMBLING PROBLEM? CALL 1-800-GAMBLER, (800) 327-5050 or visit gamblinghelplinema.org (MA). Call 877-8-HOPENY/text HOPENY (467369) (NY).
Please Gamble Responsibly. 888-789-7777/visit ccpg.org (CT), or visit www.mdgamblinghelp.org (MD).
21+ and present in most states. (18+ DC/KY/NH/WY). Void in ONT/OR/NH. Eligibility restrictions apply. On behalf of Boot Hill Casino & Resort (KS). Fees may apply in IL. 1 per new customer. Must register new account to receive reward Token. Must select Token BEFORE placing min. $5 bet to receive $200 in Bonus Bets if your bet wins. Min. -500 odds req. Token and Bonus Bets are single-use and non-withdrawable. Token expires 10/19/25. Bonus Bets expire in 7 days (168 hours). Stake removed from payout. Terms: sportsbook.draftkings.com/
Terms and Conditions
New customers only. Deposit min. $10. Place first bet of min $5 and get $150 in bonus bets if your bet wins.
Gambling Problem? Call 1-800-GAMBLER.
21+ and present in VA.
Gambling Problem? Call 1-800-GAMBLER.
21+ and present in VA.
2025-26 Stanley Cup Odds
| Teams | Odds |
|---|---|
| Colorado Avalanche | +400 |
| Tampa Bay Lightning | +750 |
| Carolina Hurricanes | +800 |
| Vegas Golden Knights | +900 |
| Florida Panthers | +950 |
| Edmonton Oilers | +1000 |
| Dallas Stars | +1200 |
| New Jersey Devils | +1900 |
| Washington Capitals | +1900 |
| Los Angeles Kings | +2700 |
Odds as of December 14th, 2025 04:22am EST. |
Stanley Cup Odds Favorite: Colorado Avalanche
Colorado is rolling to open the year with a 21-2-7 record and a ridiculous +48 goal differential. At this point, it's clear the Colorado Avalanche are a certifiable wagon. Their goal isn't to win, but to destroy teams in the process.
Nathan MacKinnon's league-leading 51 points continue to spearhead this Colorado team to success. His production has made him an easy favorite for the Hart Trophy and the Art Ross Trophy.
Undefeated at home (in regulation) with an 11-0-2 record, the Avalanche, spearheaded by MacKinnon, is running away with the Stanley Cup Odds board. The Avs are heavier favorites than the 2022-23 Boston Bruins at this point in the season. Remember that Bruins team? They put up an NHL record 135 points that season, but on December 1, 2022 were only +600.
Odds makers think what this Avs team is doing is clearly very special and worthy of +390 odds 30 games into the season.
Stanley Cup Odds Best value: Tampa Bay Lightning
Tampa is back, baby. The Bolts have returned to form, topping the Atlantic Division thanks to a core of shining stars.
Nikita Kucherov is now up to 36 points in 27 games, a pace of 109 points. Meanwhile, teammates Brandon Hagel and Jake Guentzel are adding a ton of depth scoring with 29 points so far on the season. Oh, and goalie Andrei Vasilevskiy is as solid as ever with a 0.916 save percentage and 2.31 goals against average.
The Lightning's star power has proven their quality in the playoffs, winning back-to-back Stanley Cups and challenging for a third
Stanley Cup Odds Best Longshot: Anaheim Ducks
While Tampa is a known quantity in the playoffs, Anaheim hasn't been to the postseason since 2017-18. And as such, the confidence in this high-flying Ducks squad is low. Despite going 3-1-0 since the last update and opening a two-point gap at the top of the Pacific, Anaheim's odds dropped to +6500 from +5500.
Anaheim's young duo of Leo Carlsson and Cutter Gauthier has been instrumental in their early-season success. The lethal duo has combined for 32 goals and 72 points in 30 games. Add veterans like Troy Terry and Kris Kreider, who are playing at a point-per-game pace, and the Ducks have exploded to life after living in the league basement for years.
The Anaheim Ducks aren't slowing down with an impressive 19-10-1 record to begin the season, holding the best record in the Pacific Division. What's going on in Anaheim is not a fluke. This is the real deal.
At +6500, Anaheim is a massive longshot, but maybe they can ride this Cinderella Story to a Cup?
Stanley Cup Betting Data
Thanks to our friends at BetMGM, we've got betting data to help you handicap the Stanley Cup Odds.
Highest Percentage of Stanley Cup Bets
- Colorado Avalanche: 14.8%
- Vegas Golden Knights: 8.2%
- Edmonton Oilers: 6.9%
According to BetMGM's data, the public agrees that Colorado is a Cup threat. The Avs portion of Stanley Cup bets continues to swell, now reaching 14.8%. Vegas is the public's second-favorite option at 8.2%.
Of the top three, none are from the Eastern Conference. Clearly, the public feels the Cup is heading West this year.
Highest Percentage of Stanley Cup Handle
- Colorado Avalanche: 16.8%
- Florida Panthers: 10.1%
- Edmonton Oilers: 9.9%
Sharps are also backing the Colorado Avalanche. The Avs have 16.8% of all the money bet on Stanley Cup futures at BetMGM. With every win, the percentage moves up as sharps try to secure their Stanley Cup bet at great odds.
Last 10 Stanley Cup Winners
| Year | Cup Champions | Opening 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 |
Over the past 10 years, the average opening odds for the eventual Stanley Cup champions are +1320. So don't always bet on the chalk.
The St. Louis Blues are the big exception with +3000 before the 18-19 season began, netting early bettors $3,000 on a $100 bet, but it gets better! By the All-Star break that year, the Blues were at the bottom of the NHL standings – their odds of winning the Stanley Cup were +10000. That means a $100 bet would have returned $10,000 in profits. Wild.
NHL Teams With The Most Stanley Cups
| Team | Stanley Cups | Last Cup Win |
|---|---|---|
| Montreal Canadiens | 24 | 1993 |
| Toronto Maple Leafs | 13 | 1967 |
| Detroit Red Wings | 11 | 2008 |
| Boston Bruins | 6 | 2011 |
| Chicago Blackhawks | 6 | 2015 |
| Edmonton Oilers | 5 | 1990 |
| Pittsburgh Penguins | 5 | 2017 |
| New York Islanders | 4 | 1983 |
| New York Rangers | 4 | 1994 |
| New Jersey Devils | 3 | 2003 |
Toronto sure has a lot of Cups, but they haven't won or even been to a Stanley Cup Final since that last championship back in 1967. Breaking their drought of first-round exits in the 2023 playoffs, let’s pray for Leafs fans that their squad can get to the finals soon.
However, with modern parity in the NHL, it will be a long time before any franchise passes the Montreal Canadiens' 24 Stanley Cup banners, which they racked up over multiple decades in the mid-1900s.
NHL Teams That Have Never Won A Stanley Cup
With Florida's championship in 2024, there are now only 10 teams that haven't won a Cup. But that's still under a third of the league, which has yet to put its hands on the Stanley Cup.
Most of the teams on this list have come close; all but Columbus, Minnesota, Seattle, Utah, and Winnipeg have appeared in a Stanley Cup Final.
Technically, the Ottawa Senators did win a few Stanley Cups. However, that last championship took place before the invention of penicillin. Not to mention the Senators didn't exist between 1934 (when they moved to St. Louis) and 1992. So, those Cups don't count. Sorry, Sens fans!
Stanley Cup Betting Odds and Trends
As hockey bettors, we're always hunting for an edge or trends that make our wagers a little easier on the mind -- when it comes to the Stanley Cup, there are a few notable patterns we can pick up on. The trophy is still anyone's game, but here are a few common trends over the last few years that could help you narrow down a pick:
- Picking a favored conference is split – out of the last 10 winners, 70% have been Eastern teams, and the West claims 30%.
- The Cup is a repeat-friendly trophy. The Penguins, Lightning, and Panthers have gone back-to-back in the last 10 years, and 16 teams total have had repeat victories since 1918.
- You’d think regular-season domination would indicate a Stanley Cup favorite, but the President’s Trophy has only gone to the eventual winner of the finals eight times in its 36-year lifespan.
Odds Shark's NHL Betting Resources
How To Bet On Stanley Cup Odds
To bet on Stanley Cup odds, you’d make a futures bet on your sportsbook's NHL section of the website. You'll likely see a tab for futures options, and the NHL finals should be a front-and-center option. Don't be afraid to review our NHL betting guide for a few friendly tips and tricks if you're debating a wager on the Stanley Cup!
Odds are available before the puck drops in the regular season -- certain teams will always be contenders, especially if they won the Cup the previous year. When sportsbooks set the lines, they look at offseason roster moves, coaching changes, and past performance, specifically of the prior season.
Where To Bet On The Stanley Cup Futures
You can find updated Stanley Cup odds at most sportsbooks – the lines may differ slightly depending on which book you use, so be sure you're getting the best value for your money. If you're looking for recommendations on choosing the best book, head over to our NHL sites review page!
How To Read Stanley Cup Odds 2024
Let’s say you want to make a futures bet today. The Stanley Cup odds might look something like this:
- Colorado Avalanche +300
- Toronto Maple Leafs +550
- Vegas Golden Knights +800
- Carolina Hurricanes +900
- Edmonton Oilers +1100
If you feel strongly about the Leafs and believe they’ll end their Stanley Cup drought, you could wager $100 on them at +550 odds. If they triumph, you’d get a payout of $650 – your original $100 is returned along with winnings of $550. Our odds calculator will show you how much you’d win based on the odds and the amount bet.
The Stanley Cup odds constantly change throughout the season – relevant news like trades, player injuries, and hot/cold streaks are a few examples of what can move a team’s line. If you see Stanley Cup odds you like, it’s best to bet on them ASAP – the Leafs may be +550 to win the Stanley Cup in October, but after a surge in December, their odds could lower to +300. Bet smart and bet early.
What Are Stanley Cup Futures
A futures bet is betting on the outcome of an event before it takes place – when it comes to the Stanley Cup, that means betting on who will hoist the league's top trophy well before it's awarded.
It’s simple on paper, but the wealth of options can make it tricky. Don’t worry if you’re risk-averse, though. Odds are available well right up to the final game of the playoffs.
