2025 Stanley Cup Odds: Oilers Edge Stars As Favorites Entering Conference Finals

The Dallas Stars will meet the Edmonton Oilers in the Western Conference Finals after eliminating Winnipeg in Game 6. In the East, Carolina will look to take down the defending Cup champions.

Kyle LaRusic - Publishing Editor at Covers.com
Kyle LaRusic • Publishing Editor
May 20, 2025 • 14:03 ET • 4 min read
Edmonton Oilers NHL
Photo By - Imagn Images. Edmonton Oilers players celebrate after scoring.

The Dallas Stars punched their ticket to the Western Conference Final on Saturday by beating the Winnipeg Jets 2-1 in overtime. however, it's the Edmonton Oilers who the books slightly favor to win the series — and the Stanley Cup odds.

Filling out the bottom half the Stanley Cup odds are the Carolina Hurricanes and Florida Panthers.

With the Conference Finals set, here are the latest NHL odds.

🏆 2025 Stanley Cup odds

⏱️ 2025 Stanley Cup odds over time

Here is a look at how the 2024-25 Cup odds have played out so far! Follow each team's journey with our Stanley Cup Playoffs bracket.

Stanley Cup betting splits 

Highest ticket percentage:
•    Maple Leafs: 11.4%
•    Avalanche: 10.4%
•    Capitals: 8.2%

Highest handle percentage:
•    Maple Leafs: 12.8%
•    Avalanche: 11.1%
•    Golden Knights: 8.4%

Biggest liabilities:
•    Maple Leafs
•    Avalanche
•    Capitals

Books can breathe a sigh of relief, as the Top 3 teams in both handle and ticket percentage will take their talents to the golf course.


⚙️ Covers NHL betting tools


Stanley Cup Final matchup odds

Matchup Odds
Panthers Florida Panthers vs. Oilers Edmonton Oilers +220
Panthers Florida Panthers vs. Stars Dallas Stars +250
Hurricanes Carolina Hurricanes vs. Oilers Edmonton Oilers +270
Hurricanes Carolina Hurricanes vs. Stars Dallas Stars +300

Odds courtesy of FanDuel Canada as of 5-20.

Books currently have a Stanley Cup Finals rematch favored as the most realistic outcome, but I don't think fans will have to worry about a repeat performance.

The Dallas Stars should be fully healthy in the Western Conference Finals, and they'll breathe a sigh of relief going from Connor Hellebuyck to Stuart Skinner. As for the East, I don't see anyone stopping Florida from reaching their third-straight crack at the Cup.

Pick made by Kyle LaRusic on May 20: Panthers vs. Stars (+250)

Opening Stanley Cup odds

  • Florida Panthers: +1000
  • Dallas Stars: +1100
  • Toronto Maple Leafs: +1300
  • New Jersey Devils: +1300
  • Colorado Avalanche: +1300
  • Carolina Hurricanes: +1300
  • New York Rangers: +1300
  • Edmonton Oilers: +1400
  • Vegas Golden Knights: +1800
  • Vancouver Canucks: +1800
  • Boston Bruins: +2000
  • Los Angeles Kings: +2200
  • Tampa Bay Lightning: +2500
  • Minnesota Wild: +3200
  • Calgary Flames: +3200
  • Pittsburgh Penguins: +3500
  • Ottawa Senators: +3800
  • Buffalo Sabres: +4000
  • Winnipeg Jets: +4000
  • Detroit Red Wings: +4000
  • New York Islanders: +4500
  • Nashville Predators: +5000
  • Seattle Kraken: +5000
  • St. Louis Blues: +5500
  • Washington Capitals: +5500
  • Chicago Blackhawks: +9000
  • Philadelphia Flyers: +9000
  • Montreal Canadiens: +12000
  • Columbus Blue Jackets: +13000
  • Arizona Coyotes: +13000
  • San Jose Sharks: +14000
  • Anaheim Ducks: +15000

📈 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.
  • 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 Western Conference has won six championships to the East's four.
  • 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 15 times, most recently the Tampa Bay Lightning in 2020 and 2021.
  • The runners-up have gone on to win the Stanley Cup in the following season only once since 1990 (Pittsburgh Penguins 2009).

👑 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
2023-24 Panthers Florida Panthers +800 Oilers Edmonton Oilers
2022-23 Golden Knights Vegas Golden Knights +1,200 Panthers Florida Panthers
2021-22 Avalanche Colorado Avalanche +325 Lightning Tampa Bay Lightning
2020-21 Lightning Tampa Bay Lightning +800 Canadiens Montreal Canadiens
2019-20 Lightning Tampa Bay Lightning +650 Stars Dallas Stars
2018-19 Blues St. Louis Blues +1,250 Bruins Boston Bruins
2017-18 Capitals Washington Capitals +1,225 Golden Knights Vegas Golden Knights
2016-17 Penguins Pittsburgh Penguins +770 Predators Nashville Predators
2015-16 Penguins Pittsburgh Penguins +650 Sharks San Jose Sharks
2014-15 Blackhawks Chicago Blackhawks +800 Lightning Tampa Bay Lightning
2013-14 Kings Los Angeles Kings +1,400 Rangers New York Rangers 
2012-13 Blackhawks Chicago Blackhawks +400 Bruins Boston Bruins
2011-12 Kings Los Angeles Kings +2,200 Devils New Jersey Devils
2010-11 Bruins Boston Bruins +800 Canucks Vancouver Canucks
2009-10 Blackhawks Chicago Blackhawks +450 Flyers 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
Canadiens Montreal Canadiens 24 35
Maple Leafs Toronto Maple Leafs 13 21
Red Wings Detroit Red Wings 11 24
Bruins Boston Bruins 6 20
Blackhawks Chicago Blackhawks 6 13
Oilers Edmonton Oilers 5 8
Penguins Pittsburgh Penguins 5 6
Islanders New York Islanders 4 5
Rangers New York Rangers 4 11
Avalanche Colorado Avalanche  3 3
Devils New Jersey Devils 3 5
Lightning 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

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Kyle LaRusic - Covers
Publishing Editor

Kyle LaRusic joined Covers in 2020 with a Holland College diploma in Journalism and a Mount Saint Vincent Degree in Public Relations. Stints at Amherst News and the Cape Breton Post helped sharpen his skills in a newsroom setting, while working for MSVU and Dalhousie’s athletic departments landed Kyle in his comfort zone.

Kyle has been an avid bettor for over five years, starting with just one Sports Interaction account before discovering both the beauty and importance of price shopping. bet365 and Pinnacle are his go to books, but accounts at 10+ sportsbooks give him an array of options. “Rusty” will bet on anything under the sun as long as there’s value and good reasoning behind it, but NHL and NFL are his two favorite leagues to watch and wager on — especially with friends.

Kyle’s biggest tip for any bettor is simple: gamble responsibly. Only bet what you’re willing to lose and make sure to install a proper bankroll method to keep track of your ROI. If you’re still dwelling on the amount you lost the next day, it’s time to decrease your spending.

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