The Florida Panthers have seen their Stanley Cup odds drift from +650 to +1100 following a knee injury for Aleksander Barkov that will require surgery. He could potentially miss the entire season.
As a result, the Carolina Hurricanes are now the betting favorite in the Stanley Cup futures, narrowly ahead of the Tampa bay Lightning and Colorado Avalanche.
Here's an early look at the NHL odds to hoist Lord Stanley's hardware next season.
🏆Stanley Cup Final 2025-26 odds
| Team |  |
|---|---|
 Carolina Hurricanes |
+750 |
 Tampa Bay Lightning |
+800 |
 Colorado Avalanche |
+850 |
 Vegas Golden Knights |
+850 |
 Edmonton Oilers |
+900 |
 Dallas Stars |
+1100 |
 Florida Panthers |
+1100 |
 New Jersey Devils |
+1300 |
 Toronto Maple Leafs |
+1700 |
 Los Angeles Kings |
+2250 |
 Winnipeg Jets |
+2500 |
 New York Rangers |
+3000 |
 Washington Capitals |
+3000 |
 Ottawa Senators |
+3000 |
 Minnesota Wild |
+4000 |
 Utah Mammoth |
+4500 |
 Montreal Canadiens |
+5000 |
 St. Louis Blues |
+5000 |
 Vancouver Canucks |
+6000 |
 Nashville Predators |
+7500 |
 Detroit Red Wings |
+8000 |
 Columbus Blue Jackets |
+8000 |
 Anaheim Ducks |
+10000 |
 Calgary Flames |
+10000 |
 Boston Bruins |
+15000 |
 New York Islanders |
+15000 |
 Philadelphia Flyers |
+15000 |
 Buffalo Sabres |
+15000 |
 Seattle Kraken |
+20000 |
 Pittsburgh Penguins |
+20000 |
 Chicago Blackhawks |
+50000 |
 San Jose Sharks |
+50000 |
Odds as of 10-1.
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Opening Stanley Cup odds
- Edmonton Oilers: +650
- Florida Panthers: +750
- Colorado Avalanche: +800
- Dallas Stars: +850
- Carolina Hurricanes: +900
- Vegas Golden Knights: +1200
- Tampa Bay Lightning: +1500
- Toronto Maple Leafs: +1300
- New Jersey Devils: +1800
- Los Angeles Kings: +2000
- Toronto Maple Leafs: +2000
- Winnipeg Jets: +2200
- Washington Capitals: +2800
- Vegas Golden Knights: +1800
- New York Rangers: +3000
- Ottawa Senators: +3300
- Minnesota Wild: +3500
- St. Louis Blues: +4000
- Utah Mammoth: +4000
- Vancouver Canucks: +5000
- New York Islanders: +6600
- Columbus Blue Jackets: +8000
- Montreal Canadiens: +8000
- Calgary Flames: +9000
- Nashville Predators: +9000
- Boston Bruins: +10000
- Detroit Red Wings: +10000
- Philadelphia Flyers: +10000
- Anaheim Ducks: +15000
- Buffalo Sabres: +15000
- Pittsburgh Penguins: +20000
- Seattle Kraken: +30000
- Chicago Blackhawks: +50000
- San Jose Sharks: +50000
📈 Stanley Cup betting trends
Here are some trends you may want to consider before placing a bet on the Stanley Cup.
- Repeat winners are more common than you think. Since 2010, the Pittsburgh Penguins and Tampa Bay Lightning have successfully defended their Cup once. Florida now enters that elite group.
- Top teams from the beginning of the year typically go on to win the Cup. Since 2010, just five teams with odds above +1,000 have gone on to hoist Lord Stanley.
- In the last 10 seasons, the Eastern Conference has won seven Cups.
- The President’s Trophy winner has gone on to win the Stanley Cup just eight times in the 35 years that both trophies have been awarded.
- A team has won 2+ consecutive Stanley Cups 16 times, with the Panthers just completing the task.
- The runners-up have gone on to win the Stanley Cup in the following season only once since 1990 (Pittsburgh Penguins 2009).
Despite losing in the Eastern Conference Finals again, books think next year may be the year for the Carolina Hurricanes. Following suit are familiar faces in Florida and Edmonton.
👑 Past Stanley Cup winners
Here are the last 15 winners of the Stanley Cup, their odds of winning just before the playoffs began (courtesy of Sports Odds History), and the team that lost in the Stanley Cup Finals.
| Season | Stanley Cup Winners | Odds before playoffs | Runner Up |
|---|---|---|---|
| 2024-25 | Florida Panthers |
+1000 | Edmonton Oilers |
| 2023-24 | Florida Panthers |
+800 | Edmonton Oilers |
| 2022-23 | Vegas Golden Knights |
+1,200 | Florida Panthers |
| 2021-22 | Colorado Avalanche |
+325 | Tampa Bay Lightning |
| 2020-21 | Tampa Bay Lightning |
+800 | Montreal Canadiens |
| 2019-20 | Tampa Bay Lightning |
+650 | Dallas Stars |
| 2018-19 | St. Louis Blues |
+1,250 | Boston Bruins |
| 2017-18 | Washington Capitals |
+1,225 | Vegas Golden Knights |
| 2016-17 |  Pittsburgh Penguins |
+770 | Nashville Predators |
| 2015-16 | Pittsburgh Penguins |
+650 | San Jose Sharks |
| 2014-15 | Chicago Blackhawks |
+800 | Tampa Bay Lightning |
| 2013-14 | Los Angeles Kings |
+1,400 | New York Rangers |
| 2012-13 | Chicago Blackhawks |
+400 | Boston Bruins |
| 2011-12 | Los Angeles Kings |
+2,200 | New Jersey Devils |
| 2010-11 | Boston Bruins |
+800 | Vancouver Canucks |
| 2009-10 | Chicago Blackhawks |
+450 | Philadelphia Flyers |
As the Lightning appear set to fade a bit, the Panthers have reached consecutive Cup Finals and are favored to do it again next year.
🥅 NHL teams with the most Stanley Cups
| Team | Stanley Cup wins | Stanley Cup appearances |
|---|---|---|
| Montreal Canadiens |
24 | 35 |
| Toronto Maple Leafs |
13 | 21 |
| Detroit Red Wings |
11 | 24 |
| Boston Bruins |
6 | 20 |
| Chicago Blackhawks |
6 | 13 |
| Edmonton Oilers |
5 | 8 |
| Pittsburgh Penguins |
5 | 6 |
| New York Islanders |
4 | 5 |
| New York Rangers |
4 | 11 |
| Colorado Avalanche |
3 | 3 |
| New Jersey Devils |
3 | 5 |
| Tampa Bay Lightning |
3 | 5 |
The Habs have a comfortable lead in the clubhouse but haven't hoisted Lord Stanley's Cup since 1993 — the last Canadian-based team to do so.
Stanley Cup Odds FAQs
The Edmonton Oilers are the current favorites to win the Stanley Cup in 2026.
The Chicago Blackhawks, Pittsburgh Penguins, and San Jose Sharks are all +50000 to win the Stanley Cup in 2026.
The Florida Panthers won their second Stanley Cup in a row in 2025, beating the Edmonton Oilers in six games.
The 2025 Stanley Cup Final will begin sometime in June.
