2025 Stanley Cup Odds Tracker: Stars Slight Favorites Over Oilers

• Track the odds to win the Stanley Cup for all 32 NHL teams
• The Dallas Stars are slight Cup favorites over the Edmonton Oilers
• The graphs below show the movement in the Stanley Cup odds, starting in the offseason

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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 Dallas Stars recently became the favorites to win their first Stanley Cup since 1999. Dallas is +275 at most NHL betting sites.

2025 NHL Stanley Cup Odds

The Dallas Stars are currently the favorites to win the 2025 Stanley Cup. At +275 average odds to win the Stanley Cup, the Stars have a 14.3% implied probability to claim hockey’s ultimate prize.

Depending on your region, the Oilers may be the slight Cup favorites over Dallas. However, our data, which compiles a variety of sportsbook odds, prices the Stars as short favorites as of May 14th.

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

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

• [May 13] Dallas has become the new Cup favorite as they take a 3-1 series lead over Winnipeg. Mikko Rantanen is leading the playoffs in scoring, while Jake Oettinger has been a rock in net.
• [May 1] Carolia has surged atop the Cup odds at +486 after becoming the first team to advance to Round 2. The Canes took care of business against an injury-plagued Devils team in Round 1, advancing in five games.
• [Apr 15] Sportsbooks are buying in on the champs as the playoffs approach. Florida is now the Cup favorites, overtaking the Dallas Stars just days before the start of Round 1. The Stars have landed a tough opening matchup with the Colorado Avalanche.
• [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.

 

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:

Dallas Stars

The Stars have surged to become Cup favorites at +275 odds, largely thanks to their deadline acquisition of Mikko Rantanen from Carolina. Rantanen has been arguably the most dominant player in the playoffs, racking up 18 points in 10 postseason games, including back-to-back hat tricks.

Dallas has taken a commanding 3-1 series lead over the top-seeded Winnipeg Jets, with Jake Oettinger standing tall in net with a .929 save percentage in the series. With their balanced mix of veteran leadership and young talent, the Stars are positioned for a deep run.

Edmonton Oilers

Once again, the Oilers are legit Cup contenders, 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.

Stuart Skinner may have answered some of those questions with his 23-save shutout against Vegas in Game 4, giving the Oilers a commanding 3-1 series lead. After starting the playoffs with a 0-3 record and a concerning 5.36 GAA, Skinner’s redemption could be the missing piece Edmonton needs.

Furthermore, McDavid and company are on a revenge tour after last year’s crushing Game 7 loss to Florida in the Final. After coming 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 the Eastern Conference’s biggest threat and currently sit at +325 odds to win it all. They’ve been thriving even after trading star winger Mikko Rantanen to Dallas at the trade deadline.

Carolina’s rock-solid blueline and improved scoring make them built for playoff hockey. They’ve taken a commanding 3-1 series lead over Washington after a dominant 5-2 victory in Game 4. Additionally, if Frederik Andersen stays healthy between the pipes, watch out. The 35-year-old netminder has overcome injury issues from the past two seasons and is thriving in the playoffs.

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 as they battle Toronto in a series currently tied at two games apiece.

Five Past Stanley Cup Winners

The Florida Panthers snagged their first-ever Stanley Cup in 2024, taking down the Edmonton Oilers in an intense seven-game showdown. The Cats jumped out to a 3-0 series lead behind Bob’s brick wall goaltending and Tkachuk’s clutch heroics. But the Oilers, powered by the dynamic duo of McDavid and Draisaitl, refused to roll over. Edmonton stormed back with three straight wins to force a winner-take-all Game 7 in Florida.

In the deciding game, Reinhart buried the game-winner to deliver the Cup to Sunrise. Bobrovsky slammed the door with a handful of impressive saves in the final minutes, cementing the Panthers’ historic victory. Florida’s triumph finally erased years of playoff disappointment and firmly established them as one of the NHL’s powerhouse franchises.

The Panthers joined the Blues (2019) and Capitals (2018) as recent first-time Cup winners. Before Florida hoisted the silver chalice, the Golden Knights ended their own Cup drought in 2023 by taking down these same Oilers.

Now the defending champs are gunning to become the first team since Crosby’s Penguins to go back-to-back. Tampa (2020-21) is the only other squad to repeat in the salary cap era, though their twin titles were bookends to the COVID-19 pandemic.

The Oilers, meanwhile, are on a revenge tour after last year’s gut-wrenching Cup Final defeat. After clawing back from a 3-0 hole to force Game 7, Edmonton fell just short of completing the miracle comeback. McDavid and Draisaitl are hungry to finish what they started and end Canada’s painful championship drought.

NHL Stats for Teams Searching for Their First Stanley Cup

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

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.

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Archived Stanley Cup Odds:

• 2024
• 2023
• 2022
• 2021
• 2020
• 2019
• 2018