The 2024-25 Stanley Cup odds are still slow to react to the Winnipeg Jets dominating the league placing them ninth on the odds board at +1300. Meanwhile, if you're looking for a longshot to back how about the +3300 Washington Capitals who are gearing up for a Cup run?
Here's a breakdown of the 2024-25 Stanley Cup oddsboard and a value pick.
2024-25 Stanley Cup Odds
| Team | Odds |
|---|---|
| Edmonton Oilers | +800 |
| Carolina Hurricanes | +875 |
| Florida Panthers | +900 |
| Dallas Stars | +950 |
| New York Rangers | +1050 |
| Toronto Maple Leafs | +1050 |
| Colorado Avalanche | +1250 |
| New Jersey Devils | +1250 |
| Winnipeg Jets | +1300 |
| Vegas Golden Knights | +1650 |
| Tampa Bay Lightning | +1800 |
| Vancouver Canucks | +1900 |
| Minnesota Wild | +2000 |
| Los Angeles Kings | +2900 |
| Boston Bruins | +3000 |
| Nashville Predators | +3300 |
| Washington Capitals | +3300 |
Odds as of November 20 at BET99
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Stanley Cup Odds Movement
With every passing week there's significant movement on the 2024-25 NHL Stanley Cup odds board, so let's break down the teams that have seen the biggest rise and fall on the odds board.
Riser: Winnipeg Jets
The Jets continue to move up the odds board now holding +1300 odds to win the Cup, which I maintain is simply disrespectful. I understand this oddsboard isn't giving the odds to win the Presidents' Trophy (Winnipeg is only second on that odds board at +550), but the Jets aren't just winning right now they're punking on the league winning eight of their last ten games and doing so by at least three goals!
Winnipeg's dominance is two-fold, it's scoring freely with the second-best offense at 4.21 goals per game and holds the fifth-best defense allowing only 2.42 goals per game. That strong defensive stat is thanks to brick wall Connor Hellebuyck's excellent 0.923 save percentage and 2.20 goals against average.
Winnipeg has everything a potential champion needs from endless goalscoring to elite goaltending. The Jets are moving up the board but they should be much higher than they are.
Faller: Boston Bruins
The Bruins capped off a three-game losing streak by not only losing 5-1 to the lowly Columbus Blue Jackets but by firing their head coach Jim Montgomery an odd choice considering Montgomery holds an outstanding 0.715 win percentage since joining the Bruins in 2022-23.
The Bruins are falling thanks to the second-worst offense in the league with 2.40 goals per game, clearly hoping David Pastrnak could will the Bruins to winning ways with another 100+ season isn't the best strategy. Trading away a Vezina-winning goalie in Linus Ullmark was yet another poor strategy by the Bruins (though away from Boston Ullmark isn't doing well), all alone Jeremy Swayman is failing in the Bruins net with a pathetic 0.884 save percentage and 3.47 goals against average. Neither is Montgomery's fault.
The Bruins have fallen to +3000 on the odds board and I doubt they'll get back up again.
2024-25 Stanley Cup Odds Best Value Bet: Washington Capitals
While all of the attention for Washington's strong 13-4-1 start to the year will be on the acquisitions of Andrew Mangiapane, Pierre-Luc Dubois, and Jakub Chychrun, leading this strong start are players already on the Caps squad.
Through Washington's 18 games, Dylan Strome is finally playing like he was drafted third pacing out to over 125 points, Caps 2019 first-rounder Connor McMichael is scoring over a point per game with 12 goals and 19 points, and don't forget Alex Ovechkin is peeling back the years as he chases Gretzky's goal-scoring record with 15 goals and 25 points (hopefully he can come back from his injury soon).
On top of the three offseason acquisitions I listed earlier, the Caps added more depth by acquiring a familiar name in Lars Eller from the Penguins for a 2025 fifth and 2027 third. With all of these acquisitions, the Caps are not only gearing up for a long season but a championship run.
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.
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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.
