Stanley Cup Odds & Favorites 2024-25: Oilers, Hurricanes Co-Favorites With NHL on Pause
It didn't take long for the Edmonton Oilers to gain parity with the Carolina Hurricanes atop the Stanley Cup odds leaderboard. They are the co-favorites across our best NHL betting sites as the 4 Nations Face-Off takes center stage.
The NHL returns on Saturday, Feb. 22. The Dallas Stars, Florida Panthers, and Vegas Golden Knights round out the five favorites among a tightly-bunched chasing pack.
Before taking in the first best-on-best tournament in almost nine years, feast your eyes on our early 4 Nations Face-Off predictions and Stanley Cup predictions.
Stanley Cup odds 2025
Here are some noteworthy takeaways from the Stanley Cup odds:
- The Hurricanes' odds have remained steady at +650 since the trade for Mikko Rantanen
- The Oilers' Stanley Cup odds shortened from +800 to +650 over the last four weeks
- The Stars are among the hottest team in the chasing pack
- The Vegas Golden Knights cooled after sizzling-hot streaks
- The Colorado Avalanche are back to winning ways after a wayward stint
- The Devils have the fifth-worst record (tied with the St. Louis Blues) over the last six weeks
- Leon Draisaitl is the minus-money Hart Trophy odds favorite, while Connor McDavid leads a main prop market in the 4 Nations Face-Off odds
- The Capitals odds are starting to finally reflect their on-ice play. They've improved from +1900 to +1400 over the last two weeks
Stanley Cup odds favorites 2025
Hurricanes Stanley Cup odds: +650
Carolina hasn't exactly been the hottest team in the league, but it's built for the postseason. It has one of the league's most impressive offenses.
But it has struggled to find consistency. Every time you think they're ready to put a run together, something trips them up. At least Frederik Andersen is back. And it's only a matter of time before Rantanen picks up his offensive production with his new team.
This team is lined with vets who know how to get it done, having reached the postseason in six straight seasons, including a couple of trips to the Eastern Conference Final. Bringing in a superstar like Rantanen will make the Hurricanes even more challenging to knock off when the time comes.
However, I feel their +650 odds are way shorter than they should be based on current form. A $10 wager could turn a $65 profit if the Canes can capture their first cup since the 2005-06 season.
Best Stanley Cup odds: +650 via BetMGM | Implied probability: 13.33%
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Oilers Stanley Cup odds: +650
I've been bullish about the Oilers since the midway mark of last season, and now there's even more reason to pump their already-inflated tires.
They have the second-best record since Nov. 8 (28-10-3). Their two megastars are Hart Trophy odds front-runners, and the Oilers are unstoppable at home. Their defensive play has been much better, too. Edmonton will be a menace come playoff time as long as this team stays relatively injury-free - especially its headline acts.
A $10 bet will lead to a $65 profit if the Oilers can win their first Cup in 25 years. And barring a spectacular goaltending performance, I can't see any team beating them in a seven-game series.
Best Stanley Cup odds: +650 via FanDuel | Implied probability: 13.33%
My Stanley Cup odds team to watch
Capitals Stanley Cup odds: +1400
The Caps are back to their best. They boast the NHL's best points percentage (.727) due to a league-best defense and the second-best offense.
The Great 8 can't be stopped, evidenced by the Alexander Ovechkin goals record odds. Their Cup odds are finally improving, gradually draining the extra value from when the oddsmakers had them undervalued as contenders.
You can still make the most of the +1400 odds DraftKings offers. However, remember that the odds at our best sports betting sites are losing value. They were trading at +2500 about five weeks ago. If you believe in the Caps' unheralded journey, back them while decent value persists.
Best Stanley Cup odds: +1400 via DraftKings | Implied probability: 6.67%
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 | Philadelphia Flyers* |
| 7 | Pittsburgh Penguins* |
| 8 | St. Louis Blues* |
| 9 | Montreal Canadiens* |
| 10 | Anaheim Ducks |
| 11 | Utah Hockey Club* |
| 12 | New York Islanders* |
| 13 | Boston Bruins* |
| 14 | Pittsburgh Penguins (via Rangers) |
| 15 | Columbus Blue Jackets |
| 16 | Montreal Canadiens (via Calgary) |
| 17 | Ottawa Senators |
| 18 | Detroit Red Wings |
| 19 | Vancouver Canucks |
| 20 | Calgary Flames (via New Jersey) |
| 21 | Philadelphia Flyers (via Colorado) |
| 22 | Nashville Predators (via Tampa Bay) |
| 23 | Los Angeles Kings |
| 24 | Chicago Blackhawks (via Toronto) |
| 25 | Columbus Blue Jackets (via Minnesota) |
| 26 | Carolina Hurricanes |
| 27 | Nashville Predators (via Vegas) |
| 28 | San Jose Sharks (via Dallas) |
| 29 | Calgary Flames (via Florida) |
| 30 | Philadelphia Flyers (via Edmonton) |
| 31 | Winnipeg Jets |
| 32 | Washington Capitals |
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 Carolina Hurricanes and Edmonton Oilers are the 2024-25 Stanley Cup odds co-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 |
Here are our best NHL betting sites:
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- FanDuel Promo Code
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