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 |
|---|---|
 Florida Panthers vs.  Edmonton Oilers |
+220 |
Florida Panthers vs.  Dallas Stars |
+250 |
 Carolina Hurricanes vs. Edmonton Oilers |
+270 |
| Carolina Hurricanes vs. 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 | 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 Dallas Stars and Florida Panthers currently have the best odds to win the Stanley Cup in 2025.
The San Jose Sharks are currently positioned with the longest odds of all NHL teams to win the 2025 Stanley Cup.
The Florida Panthers won their first Stanley Cup in franchise history by beating the Edmonton Oilers in seven games.
The 2025 Stanley Cup Final will likely begin in June, 2025.
