Stanley Cup Odds & Favorites 2025: Hurricanes Lead Panthers, Maple Leafs Rise
The Toronto Maple Leafs were the first team in the Stanley Cup Playoffs to secure a 3-0 first-round series lead, and moving to the brink of Round 2 improved their standing in the Stanley Cup odds, as they now trail only the Carolina Hurricanes and Florida Panthers as the betting favorites.
The Panthers secured a 2-0 series lead with their win over the Tampa Bay Lightning on Thursday. Friday's NHL playoffs action can see the Hurricanes, Washington Capitals, and Los Angeles Kings all take a 3-0 lead as well. The New Jersey Devils, Montreal Canadiens, and Edmonton Oilers will hope to avoid the same fate as the Ottawa Senators.
Follow along with our NHL picks throughout the NHL playoffs, as our Stanley Cup betting guide keeps you apprised of the on-ice action each day.
👉 See the latest Conn Smythe Trophy odds for our best picks on the NHL playoffs MVP.
🔢 Stanley Cup odds 2025
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 odds favorites 2025
Hurricanes Stanley Cup odds: +600
The Hurricanes opened up a 2-0 first-round series lead over the New Jersey Devils by winning both games on home ice. The combined score of 7-2 favored Carolina.
Carolina hopes to get back to the Eastern Conference Final following a second-round playoff exit last year. Left wing Jordan Martinook leads the team with three points this postseason. All but four skaters have at least one point through two games, and goaltender Frederik Andersen has stopped 48 of 50 Devils shots.
Best Stanley Cup odds: +600 via Caesars | Implied probability: 14.29%
Caesars is a 21+ product
Panthers Stanley Cup odds: +650
Star forward Matthew Tkachuk returned to action in time for Game 1 of the Panthers' first-round series against the rival Lightning and scored twice in his team's 6-2 drubbing of the Bolts. Florida then won Game 2 by a score of 2-0 with a 19-save shutout from Sergei Bobrovsky.
Defenseman Aaron Ekblad is eligible to return from suspension for Game 3 to get the defending Stanley Cup champions back to full strength.
Best Stanley Cup odds: +650 via Caesars | Implied probability: 13.33%
💰 My Stanley Cup odds team to watch
Jets Stanley Cup odds: +900
The Jets were up 2-0 on the St. Louis Blues after back-to-back wins on home ice, but a 7-2 loss in Game 3 lengthened their Stanley Cup odds considerably. Goaltender Connor Hellebuyck will once again have to answer questions about his postseason performance after allowing six goals on 25 shots before being pulled.
Best Stanley Cup odds: +900 via bet365 | Implied probability: 10%
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🍁 Maple Leafs Stanley Cup odds
Best Stanley Cup odds: +700 via Caesars | Implied probability: 12.50%
The Maple Leafs will have the chance to be the first team to advance to the second round, as they can sweep the rival Senators with a fourth straight win on Saturday in Ottawa.
The last two games of this series went to overtime, so it's been closer than things might appear, but goaltender Anthony Stolarz is proving worthy of Conn Smythe Trophy consideration.
🔮 Today's NHL playoffs picks
- Stanley Cup odds & AI predictions today
- Capitals vs. Canadiens prediction
- Hurricanes vs. Devils prediction
- Kings vs. Oilers prediction
👀 Stanley Cup Playoffs betting insights
Here is how the betting action is shaping up at BetMGM.
Line movement (Round 1 to Now)
- Hurricanes: +800 ➡️ +500
- Avalanche: +700 ➡️ +650
- Jets: +1000 ➡️ +700
| Highest ticket % | Highest handle % | Biggest liabilities |
|---|---|---|
| Avalanche (12.0) | Avalanche (13.1) | Blues |
| Maple Leafs (10.4) | Maple Leafs (11.7) | Canadiens |
| Golden Knights (8.5) | Jets (9.5) | Jets |
🧠 Stanley Cup predictions, expert picks
- Stanley Cup picks and predictions
- Early Stanley Cup predictions
- Hart Trophy odds and favorites
- NHL MVP betting update
- 2025 Stanley Cup playoffs betting guide
- Stanley Cup odds after the NHL trade deadline
- Stanley Cup odds and playoff probabilities
- Stanley Cup odds betting update
- Stanley Cup odds and matchups confirmed: Which teams have the advantage?
- Stats and trends to base your NHL picks and predictions on
Odds to win the Eastern Conference
The Hurricanes and Panthers, unsurprisingly, lead the odds to win the Eastern Conference and make the Stanley Cup Final.
Odds to win the Western Conference
The Jets (+400) still lead the Los Angeles Kings (+450) by the odds to win the Western Conference despite slipping down the Stanley Cup oddsboard. Expect Los Angeles to become the favorite in this market with a third straight win over Edmonton tonight.
📖 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 finished last in the standings (San Jose) 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 | Boston Bruins* |
| 5 | Seattle Kraken* |
| 6 | Philadelphia Flyers* |
| 7 | Buffalo Sabres* |
| 8 | Pittsburgh Penguins* |
| 9 | Anaheim Ducks* |
| 10 | New York Islanders* |
| 11 | New York Rangers* |
| 12 | Detroit Red Wings |
| 13 | Columbus Blue Jackets |
| 14 | Utah Hockey Club |
| 15 | Vancouver Canucks |
| 16 | Montreal Canadiens (via Calgary) |
| 17 | Montreal Canadiens |
| 18 | Calgary Flames (via New Jersey) |
| 19 | St. Louis Blues |
| 20 | Ottawa Senators |
| 21 | Columbus Blue Jackets (via Minnesota) |
| 22 | Calgary Flames (via Florida) |
| 23 | Carolina Hurricanes |
| 24 | Philadelphia Flyers (via Edmonton) |
| 25 | Philadelphia Flyers (via Colorado) |
| 26 | Nashville Predators (via Tampa Bay) |
| 27 | San Jose Sharks (via Dallas) |
| 28 | Los Angeles Kings |
| 29 | Chicago Blackhawks (via Toronto) |
| 30 | Nashville Predators (via Vegas) |
| 31 | Washington Capitals |
| 32 | Winnipeg Jets |
📜 Stanley Cup betting history
Here are recent Stanley Cup winner and their preseason betting odds:
| 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
The first and most important step is to sign up for one of our best NHL betting sites, including FanDuel, DraftKings, bet365, Caesars, and BetMGM.
The aforementioned sportsbooks offer various bets, odds, and opportunities, so shop around before you sign up for the best sportsbook promos. It's also a good idea to sign up for a couple of your favorites sportsbooks, as you can earn sign-up incentives while using them for the varying strengths.
Once you've signed up, navigate to the NHL page under Stanley Cup. You can then choose the team or teams you believe have the best chance of winning it all. Remember, these odds fluctuate throughout the season and playoffs, so keep a watchful eye on the market and make your pick at the most opportune moment.
❓ Stanley Cup Final FAQs
Who is the Stanley Cup Final favorite?
The Carolina Hurricanes are the 2025 Stanley Cup odds favorites. Their best odds stand at +600, representing an implied win probability of 14.29%, 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 did the NHL playoffs start?
The playoffs started on Saturday, April 19.
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 2025 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 |
🏒 Best hockey betting sites
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