Unsurprisingly, 2026 No. 1 overall pick Gavin McKenna paces the Calder Trophy odds after two weeks of play, but a heap of promising rookies round out the top of the leaderboard.
McKenna notched his first career goal against the Boston Bruins and is heating up after a couple of pointless outings to begin his career. Porter Martone is down to +425, as the pre-season favorite and the Philadelphia Flyers have been struggling mightily. The San Jose Sharks' Ivar Stenberg rounds out the top three at +500.
Check out the latest NHL odds below.
Odds to win 2027 Calder Trophy
| Player |  |
|---|---|
 Gavin McKenna |
+255 |
 Porter Martone |
+425 |
 Ivar Stenberg |
+500 |
 Anton Frondell |
+800 |
| Roman Kantserov |
+800 |
 Cole Hutson |
+850 |
 Dylan Garand |
+1200 |
 James Hagens |
+1500 |
 Trevor Connelly |
+1600 |
 Jacob Fowler |
+2000 |
Odds courtesy of Bet99, one of our best betting sites, as of 10/15.
Odds movement
10/15: McKenna climbs further to +255, while Martone crashes form +270 to +425 after a tough start. Dylan Garand soars up the leaderboard to +1200 as an injury has suddenly given him a massive opportunity.
9/28: McKenna climbs up to +280, just inches back of Martone, who is still at +270. Chicago's Roman Kantserov sees a big odds change, up to +1000 from +1400 two weeks ago.
9/14: Martone remains the favorite, improving slightly from +275 to +270. McKenna is still a close second, now at +300, while Stenberg usurps Hutson in the No. 3 spot at +575.
7/30: Despite being the No. 1 overall pick, Gavin McKenna opened up behind Porter Martone, who got some early experience at the pro level with the Philadelphia Flyers last season. Rounding out the Top 3 is Capitals defenseman Cole Hutson, who edges out Ivar Stenberg.
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Understanding NHL Calder odds
Most sportsbooks will display odds in the American format as listed above. When the regular season is nearly finished and a consensus has emerged, you might see a player with a minus sign (-) ahead of his odds, like this:
- Porter Martone -200
The (-) means that Martone is the odds-on favorite, and a bettor would need to wager $200 to win $100. Other contenders in the Calder race might have plus (+) odds to win.
- Gavin McKenna +350
Here, a bettor stood to profit $350 for every $100 wagered.
If American odds aren't your thing, simply use a tool like our odds converter to switch the odds to decimal or fractional format. Most online sportsbooks also give you the option to change the odds format that you see.
Popular NHL futures markets
NHL Calder Trophy trends
- Only 10 No. 1 overall picks have gone on to win the Calder Trophy.
- Only 16 goaltenders have ever won the Calder Trophy, with Steve Mason being the last netminder to capture the award (2009).
- In 1990, Sergei Makarov became the oldest player to win the Calder at 31 years old.
Calder Trophy history
A quick look at recent NHL Calder Trophy winners and their opening odds according to BetMGM.
| Season | Player | Opening Odds |
|---|---|---|
| 2025-26 |  Matthew Schaefer |
+1700 |
| 2024-25 | Lane Hutson |
+600 |
| 2023-24 | Connor Bedard |
-135 |
| 2022-23 |  Matty Beniers |
+400 |
| 2021-22 |  Moritz Seider |
+1200 |
| 2020-21 |  Kirill Kaprizov |
+400 |
| 2019-20 |  Cale Makar |
+400 |
| 2018-19 |  Elias Pettersson |
+240 |
| 2017-18 | Mathew Barzal |
+1800 |
| 2016-17 | Auston Matthews |
-130 |
Odds are correct at the time of publishing and are subject to change.
Not intended for use in MA.
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Calder Trophy Odds FAQs
Porter Martone is favored to win the 2026-27 Calder Trophy at +275.
Matthew Schaefer won the Calder Trophy in 2025-26.
The Toronto Maple Leafs have produced 10 Calder winners, the most in NHL history.
The winner of the Calder Trophy is announced sometime after the end of the regular season.
