We've got two clear favorites at the top of the latest Stanley Cup Odds.
The Florida Panthers and Dallas Stars made the biggest moves at the trade deadline, and now they're the top dogs in 2025 Stanley Cup Cup odds, per Sportsbook. After that top tier, we've got the Oilers, Avalanche, and Golden Knights also hanging around in 2025 Stanley Cup odds.
Are the Stars or Panthers going to run away with things after a massive deadline? Or is there still value down the board?
2024-25 Stanley Cup Odds
| Teams | Odds |
|---|---|
| Dallas Stars | +700 |
| Florida Panthers | +700 |
| Colorado Avalanche | +750 |
| Vegas Golden Knights | +850 |
| Edmonton Oilers | +900 |
| Washington Capitals | +1000 |
| Winnipeg Jets | +1000 |
| Carolina Hurricanes | +1100 |
| Tampa Bay Lightning | +1100 |
| Toronto Maple Leafs | +1200 |
Odds as of April 16th, 2025 16:25pm EDT. |
See Our Best NHL Betting Sites Here
Stars & Panthers: Cup Favorites After Big Trades
The Panthers are the reigning champs and got even better at the 2025 trade deadline. The Panthers traded for former Bruins captain Brad Marchan, while also adding Seth Jones and some depth in forward Nico Sturm and goalie Vitek Vanacek. Florida also is getting a playoff boost with Matthew Tkachuk nearing return from injury and Aaron Ekblad returning from a suspension.
The Stars also loaded up. This was a great team with Cup aspirations before the trade deadline and they just added arguably a top-10 forward in Mikko Rantanen. After the flurry of moves, the Stars have clinched a home playoff series with the Avalanche. Having gone to the Conference Final last year, this team has a Cup Final appearance on their radar.
Stanley Cup Exact Matchup Odds
| Matchup | Odds |
|---|---|
| Florida vs Dallas | +1700 |
| Carolina vs Dallas | +1700 |
| Carolina vs Vegas | +1800 |
| Florida vs Vegas | +1900 |
| Washington vs Dallas | +2100 |
| Florida vs Winnipeg | +2200 |
| Carolina vs Winnipeg | +2200 |
| Florida vs Colorado | +2300 |
| Carolina vs Colorado | +2300 |
| Washington vs Vegas | +2300 |
| Tampa Bay vs Dallas | +2600 |
| Florida vs Edmonton | +2600 |
| Carolina vs Edmonton | +2600 |
| Tampa Bay vs Vegas | +2800 |
| Washington vs Winnipeg | +2800 |
Odds as of April 14 at Sportsbook
2025 Stanley Cup Betting Handle & Data
We've got some recent betting data from Sportsbook, and the Avalanche have jumped to the top of the most-bet teams. It was Edmonton and Toronto as the Cup champ ticket leaders for most of the season, but bettors love the Colorado value these days.
If you look at where the money is going, you can see the sharps aren't exactly in line with those Edmonton and Toronto picks. Smart money has my best pick in the Jets as the most-wagered squad this season by handle. This is a team that is not getting enough love in the odds or total bets, but big wagerers know Winnipeg is legit.
Most-Bet Teams (Total Bets)
- Avalanche 9.7%
- Oilers 8.3%
- Golden Knights 7.9%
Most-Bet Teams (Total Money)
- Jets 12.0%
- Avalanche 10.7%
- Stars 9.7%
Last 10 Stanley Cup Winners
| Year | Cup Champions | Opening 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 |
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 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 a whopping $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 long 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 who haven't won a Cup. But that's still under a third of the league, who have yet to put their hands on the Stanley Cup.
Most of the teams on this list have come close. All but Arizona, Columbus, Minnesota, Seattle and Winnipeg have at least appeared in a Stanley Cup Final.
Technically the Ottawa Senators did win a few Stanley Cups, but 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, I'm not going to count those. 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:
- When it comes to picking a favored conference, it’s pretty split – out of the last 10 winners, 60% have been Eastern teams and the West claims 40%.
- The Cup is a repeat-friendly trophy. The Penguins and Lightning have both 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 35-year lifespan. Take a look at the 2023 Bruins – the best record in NHL history with a first-round exit. Yikes.
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 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.
Related News
