Skip to content

Ad Disclosure

2025 Stanley Cup Odds Tracker: Panthers Favored to Repeat

Brady Trettenero

By Brady Trettenero

Updated:

  • Track the odds to win the Stanley Cup for all 32 NHL teams
  • The Florida Panthers are now favored to repeat as Cup Champions
  • The graphs below show the movement in the Stanley Cup odds, starting in the offseason

This page tracks all 32 NHL teams’ odds to win the 2025 Stanley Cup. The graphs below were generated by calculating the average odds for each team from a variety of online sportsbooks.

You can see the latest 2025 NHL Stanley Cup odds here, along with how each team fares in the odds throughout the course of the 2024-2025 NHL season.

The Florida Panthers recently became the favorites to win a second consecutive Stanley Cup. Florida is +600 at most NHL betting sites.

2025 NHL Stanley Cup Odds

sport icon Team Best Odds Best Odds Bet365 BetMGM Caesars Sportsbook DraftKings
FLA FLA DraftKings +650 +500 +550 +575 +650
DAL DAL Bet365 +650 +650 +600 +650 +600
EDM EDM Bet365 +850 +850 +700 +800 +800
COL COL Caesars Sportsbook +1000 +850 +850 +1000 +1000
WSH WSH DraftKings +1100 +1000 +1000 +1000 +1100
VGK VGK DraftKings +1200 +1000 +1100 +900 +1200
WPG WPG BetMGM +1200 +1100 +1200 +1000 +1200
CAR CAR Caesars Sportsbook +1200 +1000 +1050 +1200 +1100
TB TB Bet365 +1400 +1400 +1200 +1300 +1100
TOR TOR Bet365 +1500 +1500 +1300 +1200 +1200
LA LA BetMGM +3000 +2000 +3000 +2800 +2000
NJ NJ Caesars Sportsbook +4000 +3000 +3500 +4000 +3000
NYR NYR Bet365 +4500 +4500 +4000 +3300 +3500
MIN MIN Caesars Sportsbook +5000 +3500 +3500 +5000 +3000
OTT OTT BetMGM +5000 +3000 +5000 +5000 +5000
VAN VAN BetMGM +10000 +7000 +10000 +8500 +7500
CBJ CBJ Bet365 +15000 +15000 +15000 +10000 +10000
CGY CGY BetMGM +20000 +10000 +20000 +20000 +20000
UTA UTA Bet365 +22500 +22500 +15000 +20000 +15000
NYI NYI Bet365 +25000 +25000 +20000 +20000 +15000
STL STL Caesars Sportsbook +25000 +17500 +20000 +25000 +20000
DET DET Bet365 +30000 +30000 +12500 +15000 +10000
BOS BOS Bet365 +30000 +30000 +30000 +25000 +10000
MTL MTL DraftKings +40000 +8000 +20000 +30000 +40000
PHI PHI Bet365 +75000 +75000 +50000 +55000 +30000
ANA ANA BetMGM +75000 +50000 +75000 +75000 +40000
PIT PIT BetMGM +75000 +50000 +75000 +55000 +40000
SEA SEA BetMGM +75000 +60000 +75000 +75000 +40000
NSH NSH BetMGM +100000 +75000 +100000 +100000 +100000
CHI CHI BetMGM +100000 - +100000 - +100000
SJ SJ BetMGM +100000 - +100000 - -
BUF BUF Bet365 +150000 +150000 +75000 - +40000

The Florida Panthers are currently the favorites to win the 2025 Stanley Cup. At +600 average odds to win the Stanley Cup, the Panthers have a 14.3% implied probability to claim hockey’s ultimate prize.

BETMGM SPORTSBOOK
Get Up To $1,500 Paid Back in Bonus Bets

21+ only. Please Gamble Responsibly. Gambling problem? Call 1-800-GAMBLER (US); 1-800-327-5050 (MA); 1-800-NEXT-STEP (AZ); 1-800-BETS-OFF (IA); 1-800-981-0023 (PR), 877-718-5543 or visit morethanagame.nc.gov (NC). See BetMGM.com for T&C. US promotional offers not available in MS, NY, NV, ON, or PR.
LOCK IN PROMO
CODE: SBD1500
CODE: SBD1500
SIGNUP BONUS
GET $1,500
BACK

BET NOW

Stanley Cup odds above are updated every 15-30 minutes from our top NHL betting apps, including DraftKings, FanDuel, and BetMGM. Sign up at FanDuel Sportsbook to bet on the Stanley Cup winner.

Odds to Win Stanley Cup 2025

Top 5 Top 10 All Teams
Sports Betting Dime

Here are some more notes on the movement of the top contenders for the 2025 Stanley Cup:

  • [Feb 15] The Oilers (+600) remain steady favorites as Connor McDavid and Leon Draisaitl continue to power the league’s most potent offense. Edmonton’s odds have hovered between +550 and +700 since early January.
  • [Feb 1] The Hurricanes (+650) cement their status as top contenders after acquiring star winger Mikko Rantanen from Colorado. Carolina’s odds shortened from +1100 to +650, positioning them as Edmonton’s biggest challenger.
  • [Jan 15] The Panthers (+800) and Stars (+900) remain in the mix, but the Oilers (+650) have started to create some separation as the top favorite after a 26-8-2 run since November 8th. Edmonton’s Cup odds have moved from +1000 to +650 in that span.
  • [Dec 15] The Canucks (+6000) suffer a sharp decline after a locker room rift emerges in the wake of trading J.T. Miller to the Rangers. Vancouver’s odds plummet from +2800 to +6000 amidst the turmoil.
  • [Nov 15] The Devils (+1300) begin to slide, losing 10 of 14 games and seeing their Cup odds lengthen from +1100. Meanwhile, the surprising Capitals (+1200) continue to rise behind the league’s stingiest defense.
  • [Oct 15] The Oilers (+1000) and Hurricanes (+1100) assert themselves as early favorites. Edmonton starts strong while Carolina benefits from improved scoring depth. The defending champion Panthers open at +900.
  • [June 13]: The Florida Panthers have opened as +900 favorites to repeat as champions in 2025. The Panthers are coming off a thrilling seven-game victory over the Edmonton Oilers to capture their first Stanley Cup. Florida took a commanding 3-0 series lead before Edmonton stormed back to force a deciding Game 7. The Oilers open as the third choice at +1000 despite the gut-wrenching defeat.

 

ESPN BET
Bet $10 & Get $100 + 30 Days of ESPN+

Must manually enter promo code DIME to claim offer.
Must be 21+, offer available in MI, NJ, PA, WV only.
LOCK IN PROMO
CODE: DIME
CODE: DIME
SIGNUP OFFER
USE PROMO CODE
DIME

BET $10, GET $100
+ 30 DAYS OF ESPN+

GET OFFER NOW

Stanley Cup Favorites for 2025

The current odds for the 2025 Stanley Cup see the Edmonton Oilers as the clear-cut favorites over the rest of the league. After the Oilers, the Hurricanes and Panthers have the best chance to hoist Lord Stanley. Here is a little more information on each of the favorites:

Edmonton Oilers

The Oilers are Cup favorites with Connor McDavid and Leon Draisaitl leading the way. Edmonton’s high-powered offense has them looking primed for a deep playoff run. The big question? Whether their goaltending holds up when it matters most.

Furthermore, McDavid and company are on a revenge tour after last year’s crushing Game 7 loss to Florida in the Final. After storming back from 3-0 down in the series, they fell just short on the road. Now, they’re determined to finish what they started.

Carolina Hurricanes

The Hurricanes have emerged as Edmonton’s biggest threat after landing star winger Mikko Rantanen from Colorado. He joins an already dangerous forward group led by Sebastian Aho.

Carolina’s rock-solid blueline and improved scoring makes them built for playoff hockey. Additionally, if Frederik Andersen stays healthy between the pipes, watch out.

Florida Panthers

The defending champs aren’t going anywhere. Florida’s trying to become the first repeat winner since the 2016-17 Penguins. With Sergei Bobrovsky standing tall and Matthew Tkachuk doing Matthew Tkachuk things, they’ve got the swagger to go back-to-back.

The key for the Panthers? Finding that same hunger after last year’s grueling Cup run. They showed their championship DNA by closing out Edmonton in Game 7 after blowing a 3-0 series lead. That experience could be huge come playoff time.

Five Past Stanley Cup Winners

Year Team
2024 Florida Panthers
2023 Vegas Golden Knights
2022 Colorado Avalanche
2021 Tampa Bay Lightning
2020 Tampa Bay Lightning

The Florida Panthers won their first Stanley Cup in franchise history in 2024, defeating the Edmonton Oilers in a heart-stopping seven-game series. The Panthers raced out to a 3-0 series lead behind the stellar play of Sergei Bobrovsky and Matthew Tkachuk. But the Oilers, led by Connor McDavid and Leon Draisaitl, refused to go quietly. Edmonton won three straight to force a winner-take-all Game 7 in Florida.

In the deciding game, Sam Reinhart scored the game-winning goal to help . Bobrovsky made the lead stand up with several clutch saves in the dying minutes, sealing the Panthers’ historic victory. Florida’s triumph ended years of playoff heartbreak and firmly established them as one of the NHL’s elite franchises.

The Panthers joined the St. Louis Blues (2019) and the Washington Capitals (2018) as recent first-time Stanley Cup winners. Prior to Florida’s victory, the Vegas Golden Knights ended their own brief Cup drought in 2023 by defeating the Edmonton Oilers.

Now the Panthers are aiming to become the first team since Sidney Crosby’s Penguins to win back-to-back titles. The Lightning (2020-21) are the only other team to repeat in the salary cap era, though their two Cup wins were separated by the COVID-19 pandemic.

The Oilers, meanwhile, are on a mission to avenge their crushing 2024 Cup Final defeat. After battling back from a 3-0 hole to force Game 7, Edmonton fell just short of completing the epic comeback. McDavid and Draisaitl are determined to finish the job this time and end Canada’s lengthy championship drought.

NHL Stats for Teams Searching for Their First Stanley Cup

Team Years in the NHL Cup Final Appearances Closest They’ve Come
Vancouver Canucks 55 3 Game 7 Cup Final losses in both 2011 and 1994. No one in Vancouver will ever forget LaFayette’s post or the ensuing riots.
Buffalo Sabres 55 2 Game 6 in 1999. Losing in overtime, no thanks to Brett Hull’s foot in the crease.
San Jose Sharks 34 1 Game 6 in 2016. They’ve never been able to shed their label as chokers.
Nashville Predators 27 1 Game 6 in 2017. Nashville fans still rue the bad call on Sissons’ go-ahead goal.
Ottawa Senators 33 1 Game 5 in 2007. A heartbreaking series for Ottawa that culminated in the infamous Emery-Phillips mixup.
Seattle Kraken 3 0 The NHL’s youngest team had a respectable sophomore season, but remain a few years away from true contention.
Utah Hockey Club 1 0 The NHL’s 32nd franchise just completed their inaugural season. While not yet contenders, they showed promise and have a bright future ahead.
Arizona Coyotes 29 0 Lost in 5 games to the LA Kings in 2012. Dustin Brown isn’t admired by Glendale faithful.
Winnipeg Jets 31 0 Defeated by the Golden Knights in 5 games in 2018. Canada’s best hope was no match for Ryan Reaves’ heroics.
Minnesota Wild 25 0 Swept in the 2003 Conference Finals. Despite a disappointing playoff history, they did end Patrick Roy’s career in spectacular fashion.
Columbus Blue Jackets 25 0 The Jackets finally won their first playoff series in 2019, upsetting the top-seeded Lightning. However, the Cup remains elusive in Ohio’s capital.

The Canucks and Sabres share a painful distinction – 55 years without a Cup. Buffalo’s playoff drought has now hit 13 seasons, with their last appearance coming way back in 2011. They haven’t won a playoff round since ’07.

Vancouver’s come painfully close, dropping Game 7 heartbreakers in both ’94 and 2011. But their latest locker room drama has them trending the wrong way again.

The Sharks and Predators know the pain too, both falling just short in recent Cup Finals. Meanwhile, the Jets and Wild are still waiting for their first crack at playing for the Cup.

The new kids on the block, Utah, joined the NHL this season. While expansion teams usually take their lumps early on, Vegas showed it’s possible to contend right away by making the Final in Year 1 before winning it all in 2023. Can Utah follow that blueprint?

Canadian Stanley Cup Winners

Team Stanley Cups Finals Appearances Last Championship Last Finals Appearance
Montreal Canadiens 24 34 1993 2021
Toronto Maple Leafs 13 21 1967 1967
Edmonton Oilers 5 7 1990 2024
Calgary Flames 1 3 1989 2004
Vancouver Canucks 0 3 N/A 2011
Ottawa Senators 0 1 N/A 2007
Winnipeg Jets 0 0 N/A N/A

The Cup drought for Canadian teams hit 31 years after Florida took down Edmonton in an absolute classic seven-game series. The Oilers pushed it to the limit after being down 3-0, but couldn’t complete the miracle comeback on the road.

Montreal remains the last Canadian team to lift Lord Stanley’s mug back in ’93. Canadian teams have made it to the Final seven times since then but keep coming up empty.

Despite making up nearly 22% of the NHL, Canadian teams just can’t seem to get it done when it matters most. The odds of this drought lasting so long are mind-boggling.

Edmonton had their chance to end the misery in 2024. They fought back from the dead to force Game 7 in Florida. But the Panthers slammed the door shut on home ice, breaking Canadian hearts once again.

Now the Oilers enter 2024-25 as the favorites to finally bring the Cup back north of the border. With McDavid and Draisaitl playing some of the best hockey of their careers, this might be Canada’s best shot yet.

Stanley Cup Odds FAQ

Who has the best odds to win the Stanley Cup?

The Edmonton Oilers have the best odds to win the 2025 Stanley Cup at +600 as of February 15th.

Who won the Stanley Cup last year?

The Florida Panthers won the 2024 Stanley Cup, defeating the Edmonton Oilers in seven games.

Which NHL team has the most Stanley Cups?

The Montreal Canadiens have won a record 24 Stanley Cups.

When is the 2025 Stanley Cup Final?

The Stanley Cup Final will likely begin in late May or early June 2025, depending on the length of the earlier playoff rounds.

Archived Stanley Cup Odds:

Brady Trettenero
Brady Trettenero

Lead NHL & NCAAF Editor

Brady is the lead NHL and College Football editor at Sports Betting Dime, where he specializes in betting odds and data-driven analysis. Brady has over 10 years experience working in sports media, with work published by outlets such as ESPN, CBS Sports, Yahoo! Sports and Fox Sports.

Entertainment NFL NHL NCAAF

Recommended Reading

Bet365 illinois bonus code
Sports Betting News Bet365 Illinois Bonus Code SBD365: 2 Signup Promos Now Live

Updated: 13 minutes ago

sleeper nba promo code
Sports Betting News Sleeper NBA Promo Code SBDXL: Start With $55 Sunday Bonus

Updated: 58 minutes ago

PJ Haggerty grabs a rebound versus Wichita State in the AAC Tournament.
College Basketball UAB vs Memphis Odds & Predictions for AAC Tournament Final

Updated: 1 hour ago

Jalen Haynes pumped reaction
College Basketball George Mason vs VCU Odds, Picks & Predictions for A10 Title game

Updated: 2 hours ago

sports betting dime logo

Unfiltered sports betting coverage every fan needs — squeezed into your inbox before dinner.

Sign Up Now!

By subscribing you agree to our Terms of Service and Privacy Policy, to receive updates and offers and confirm you are 21+ and have never self excluded from betting or gambling. Unsubscribe at any time. Please gamble responsibly. Need help? 1-800-GAMBLER