Round 2 of the Stanley Cup playoffs is underway, and boy, Mikko Rantanen has flipped the Conn Smythe odds on their head.
Connor McDavid emerged as the favorite following Round 1, but back-to-back hat tricks have the Stars' sniper on top.
Let's look at the rest of the 2025 Conn Smythe Trophy odds.
🏆 2025 Conn Smythe Trophy odds
| Player | Position |  |
|---|---|---|
 Mikko Rantanen |
Forward | +550 |
 Connor McDavid |
Forward | +700 |
| Leon Draisaitl |
Forward | +1200 |
 Frederik Andersen |
Goaltender | +1500 |
| Sebastian Aho |
Forward | +1500 |
| Jake Oettinger |
Goaltender | +1800 |
 William Nylander |
Forward | +1700 |
| Mitch Marner |
Forward | +2000 |
 Jack Eichel |
Forward | +2200 |
| Seth Jarvis |
Forward | +2500 |
Odds as of 5-8-2025.
Conn Smythe trophy opening odds
- Connor Hellebuyck, Jets: +1200
- Sebastian Aho, Hurricanes: +1500
- Jack Eichel, Golden Knights: +1600
- Sergei Bobrovsky, Panthers: +1600
- Anthony Stolarz, Maple Leafs: +1800
- Auston Matthews, Maple Leafs: +1800
- Nathan MacKinnon, Avalanche: +1800
- Adrian Kempe, Kings: +2000
- Aleksander Barkov, Panthers: +2000
- Alex Ovechkin, Capitals: +2000
- Darcy Kuemper, Kings: +2000
- Matthew Tkachuk, Panthers: +2000
- Mitch Marner, Maple Leafs: +2000
- Seth Jarvis, Hurricanes: +2000
- Cale Makar, Avalanche: +2500
Vezina hopeful Connor Hellebuyck opened as the betting favorite to add the Conn Smythe to his trophy case, but a couple of stinkers in the opening round vs. St. Louis has him out of the conversation for now. Meanwhile, Sebastian Aho has remained near the top as his Canes look to put away the Devils in five.
📊 Conn Smythe Trophy betting splits
Highest ticket percentage:
• Nathan MacKinnon 10.8%
• Connor McDavid 6.8%
• Mitch Marner 6.8%
Highest handle percentage:
• Valeri Nichushkin (25.5%)
• Mackenzie Blackwood (18.4%)
• Anthony Stolarz (5.7%)
Biggest liabilities:
• Valeri Nichushkin
• Anthony Stolarz
• Mitch Marner
All data courtesy of BetMGM.
It's no surprise to see two of the top players in the world making up over 17% of the ticket percentage. However, MacKinnon will no longer be in the conversation after his Avalanche were bounced in the opening round.
📈 Conn Smythe Trophy trends
- There have only been five players to win the Conn Smythe without winning the Stanley Cup.
- Skaters have won the Conn Smythe over a goalie 73% of the time.
- There have been seven repeat winners of the Conn Smythe since its establishment.
- Only one player has won the Conn Smythe more than twice. Patrick Roy won it three times.
📜 Conn Smythe Trophy history
A quick look at recent NHL Conn Smythe Trophy winners and the teams they played for.
| Season | Player | Team |
|---|---|---|
| 2023-24 | Connor McDavid | Edmonton Oilers |
| 2022-23 | Jonathan Marchessault | Vegas Golden Knights |
| 2021-22 | Cale Makar |  Colorado Avalanche |
| 2020-21 | Andrei Vasilevskiy |  Tampa Bay Lightning |
| 2019-20 | Victor Hedman | Tampa Bay Lightning |
| 2018-19 | Ryan O'Reilly |  St. Louis Blues |
| 2017-18 | Alex Ovechkin |  Washington Capitals |
| 2016-17 | Sidney Crosby |  Pittsburgh Penguins |
| 2015-16 | Sidney Crosby | Pittsburgh Penguins |
| 2014-15 | Duncan Keith |  Chicago Blackhawks |
| 2013-14 | Justin Williams |  Los Angeles Kings |
| 2012-13 | Patrick Kane | Chicago Blackhawks |
| 2011-12 | Jonathan Quick | Los Angeles Kings |
| 2010-11 | Tim Thomas |  Boston Bruins |
| 2009-10 | Jonathan Toews | Chicago Blackhawks |
| 2008-09 | Evgeni Malkin | Pittsburgh Penguins |
| 2007-08 | Henrik Zetterberg |  Detroit Red Wings |
| 2006-07 | Scott Niedermayer |  Anaheim Ducks |
| 2005-06 | Cam Ward | Carolina Hurricanes |
| 2003-04 | Brad Richards | Tampa Bay Lightning |
Understanding Conn Smythe Trophy odds
Sportsbooks will post Conn Smythe Trophy odds as early as the beginning of the playoffs. These NHL futures are constantly adjusted throughout the postseason depending on how well players perform as well as their team success. Sportsbooks will also adjust the NHL awards odds based on handle and liability to certain players.
Conn Smythe Trophy odds will usually look like this:
- Nathan MacKinnon +290
This means that on a $100 bet, you'll stand to win $290 if MacKinnon takes home the Conn Smythe Trophy. If it's close to the end of the Stanley Cup playoffs and a player has stood out as the obvious MVP of the series they might have a minus sign (-) ahead of their odds like this:
- Connor McDavid -175
This means that if you bet on McDavid to win the Conn Smythe Trophy, you would have needed to bet $175 to profit $100.
All of the odds listed above are in American format, but if you prefer decimal or fractional odds, simply plug them into our odds converter tool.
Conn Smythe Trophy Odds FAQs
Colorado Avalanche forward Nathan MacKinnon (+1000) is the current odds favorite for the 2025 Conn Smythe Trophy.
Edmonton Oilers center Connor McDavid won the 2024 Conn Smythe despite being on the losing team in the Stanley Cup Final.
The Conn Smythe has been awarded to a goaltender 17 times. Before Andrei Vasilevskiy, Jonathan Quick was the last netminder to receive it in 2012 with the Los Angeles Kings.
Wayne Gretzky, Mario Lemieux, Sidney Crosby, and Bernie Parent are the only players to receive the award multiple times.
