Stanley Cup Odds & Favorites 2025: Panthers Leap Hurricanes as NHL Final Favorites
And just like that, the defending champion Florida Panthers are once again the betting favorites by the latest Stanley Cup odds following their controversial Game 4 win over the Tampa Bay Lightning.
The Panthers pulled off a 4-2 home win in Game 4 to take a 3-1 first-round series lead. They're one victory away from advancing to a second-round series against the winner of the Toronto Maple Leafs and Ottawa Senators. But Monday's win may not come without supplementary discipline for defenseman Aaron Ekblad, who had just returned from a 20-game suspension during the regular season.
The Carolina Hurricanes (+550), Dallas Stars (+800), and Toronto Maple Leafs (+800) round out the Stanley Cup betting favorites. Carolina and Toronto could advance to Round 2 with victories tonight.
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🔢 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
Panthers Stanley Cup odds: +515
Florida scored three unanswered goals in the third period - after Ekblad's hit on Lightning forward Brandon Hagel, with the first of those goals coming from Ekblad himself. Game 5 of this series will take place Wednesday at Amalie Arena in Tampa, Fla.
Bettors will need to wait for news on Ekblad's status as a potential suspension would shift the odds for Game 5 - and the series - closer toward Tampa Bay.
Best Stanley Cup odds: +515 via Caesars | Implied probability: 16.26%
Caesars is a 21+ product
Hurricanes Stanley Cup odds: +550
The Hurricanes' Stanley Cup odds remained stagnant during an off day on Monday but the Panthers' victory pushed them ahead. Carolina has the chance to be the first team to advance to Round 2 - the Maple Leafs fail - and that should see them move back to the top of the oddsboard.
However, Carolina would stand to play the Eastern Conference's top-seeded Washington Capitals in Round 2, should Washington finish off the Montreal Canadiens on Wednesday. The Capitals should be favorites in that series, and that would likely lengthen the Hurricanes' odds once again.
Best Stanley Cup odds: +550 via Caesars | Implied probability: 15.38%
🍁 Maple Leafs Stanley Cup odds
Best Stanley Cup odds: +800 via Caesars | Implied probability: 11.11%
The Maple Leafs squandered their chance to sweep the Ottawa Senators and to be the first team to advance to Round 2. They lost 4-3 in overtime in Ottawa on Saturday, and return home on Tuesday for their second try at advancing. Their 7 p.m. ET start time tonight still gives them the chance to be the first team to get to Round 2.
Toronto outshot Ottawa 34-21 on Saturday but Linus Ullmark played his best game of the series for the Senators. Anthony Stolarz (four goals on 21 shots) played his worst game for the Maple Leafs.
👀 Stanley Cup Playoffs betting insights
Here is how the betting action looked at BetMGM entering Round 1.
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
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Odds to win the Eastern Conference
The Panthers and Hurricanes, unsurprisingly, lead the odds to win the Eastern Conference and make the Stanley Cup Final. The Toronto Maple Leafs and Washington Capitals round out the four first-round series favorites.
Odds to win the Western Conference
The Dallas Stars are once again the betting favorites to represent the Western Conference in the NHL Final. They won Monday's Game 5 by a convincing 6-2 count at home and will have their first chance to win the series Thursday in Colorado.
📖 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
📜 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 Florida Panthers are the 2025 Stanley Cup odds favorites. Their best odds stand at +515, representing an implied win probability of 16.26%, 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 |
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