2025 Stanley Cup Odds: Oilers Remain Favorites, Stars Continue to Shine

NHL odds are yet to move the Edmonton Oilers out of the top spot, but the Dallas Stars are making a strong case to be No. 1.

Kyle LaRusic - Publishing Editor at Covers.com
Kyle LaRusic • Publishing Editor
Oct 30, 2024 • 15:11 ET • 4 min read
Dallas Stars Matt Duchene NHL
Photo By - USA TODAY Sports

The top of the 2024-25 Stanley Cup odds board still belongs to the Edmonton Oilers, but a strong start from Dallas Stars has them breathing down Edmonton's neck.

NHL odds haven't seen any major shifts near the top with the season still in the early going, but things will likely change as we enter November.

Check out the latest 2024-25 Stanley Cup odds.

2025 Stanley Cup betting odds

Latest Stanley Cup odds update

10/30/2024: Last year's 2-9-1 start makes the Edmonton Oilers' start this season look like nothing, and the books agree. Connor McDavid's injury doesn't appear to be too serious, with the sports No. 1 player set to only miss a couple of weeks. Meanwhile, the Dallas Stars and Florida Panthers continue to loom in the Top 3.

2024-25 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.

Covers NHL betting tools

Stanley Cup betting trends

  • The Oilers have the highest ticket count at 11.4% at BetMGM.
  • Edmonton also holds the highest handle percentage at 16.8%.
  • The Oilers, Rangers, and Maple Leafs are the biggest liabilities at BetMGM.

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 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).

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Stanley Cups won by division

In the 2013-14 season, the NHL opted to move to a four-division league. This is the number of Stanley Cup winners per division since the switch.

Division Number of Stanley Cups
Atlantic 3
Metropolitan 3
Central 3
Pacific 2

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.

How to read Stanley Cup odds

Sportsbooks will post NHL futures odds before the season starts — including odds to win the Stanley Cup. These odds are constantly adjusted throughout the offseason as players get hurt, suspended or are traded. Once the regular season begins, title odds will change daily as teams win and lose games and as more players get hurt, suspended or traded. Sportsbooks will also adjust the NHL futures odds based on handle and liability to certain teams.

Stanley Cup odds will usually look like this:

  • Colorado Avalanche +550

This means that on a $100 bet, you'll stand to win $550 if the Avs win the Stanley Cup. If it's close to the end of the regular season or even during the playoffs and the NHL has a very dominant team, you might see that a team is has a minus sign (-) ahead of its odds. 

  • Tampa Bay Lightning  -120

This means that you would need to bet $120 to win $100 on a Lightning Stanley Cup win.

Above we have posted the American odds for the Stanley Cup. However, these are easy to convert to decimal odds or fractional odds with our odds converter tool.

Best NHL betting sites

Scouting NHL betting websites should be a breeze, but new bettors often feel overwhelmed by the sheer number of options available. Here are the must-have NHL betting site features you should target before placing your wagers.

Best odds: Not all sportsbooks are created equally, especially when it comes to odds. Finding the best price for your hockey bets is key to a successful betting strategy.

Live betting: Watching betting lines move in real-time and comparing statistics allows you to jump into the action at just the right moment.

Fast payouts: Accessing your hard-earned funds shouldn't feel more intense than Game 7 of the Stanley Cup Final. It's important to choose a sportsbook that offers fast and reliable money withdrawals post game.

Safe money transactions: The days of placing bets with bookies in shadowy back rooms are long over. Major online sportsbooks boast state-of-the-art security measures like SSL data encryption, and each holds a legal operating license from registered authorities.

Best NHL betting promos

Betting boosts are special promotions offered by legal sports betting sites that increase the odds for a specific game, event, or prop, designed to give you better value on your bets or encourage you to sign up for a new sportsbook with unique rewards and offerings.

They can be a great way for bettors to get better value for their wagers, as the odds are temporarily increased, thereby increasing a potential payout. The promotions are usually limited to a specific period and are subject to terms and conditions, so it's always important to read the fine print for more details.

Types of odds boosts

There are a number of different types of betting boosts available, with some targeting specific games, some aimed at specific leagues, and some just enticing users to try a new sportsbook. Here are the most common types of betting boosts:

  • Odds boost: When a sportsbook enhances the value of a specifically chosen player prop or a curated parlay/SGP, offering better odds than if you normally bet or created the wager yourself.

  • Profit boosts: When you are given a token that increases the value of any bet you want (such as a 25% boost on one Super Bowl bet). Sometimes these tokens are for all bets, while sometimes they have specific criteria (such parlays/SGPs only or bets above a certain price).

  • Sign-up offers: Operators offer benefits such as free bonus bets after your first wager, bonus bets offered as insurance if your first bet loses, an initial account deposit match, or even giving you discounts on other services for signing up with a sportsbook.

If you're in a state that allows mobile, online betting, make sure you know which sites are the best hockey betting sites. The best betting sites offer sharp odds, quick payouts and are safe and secure when it comes to depositing and withdrawing your money.

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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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