The first look at odds for the 2026 Stanley Cup are in and the Florida Panthers are the early favorites at +700 at Site. Right behind them are the Hurricanes (+750) and Oilers (+800), fresh off facing off in this year’s Final. Even though Carolina hasn't found its way past the Conference Finals, it's the Hurricanes regular-season dominance that's enough to keep them a strong contender. Meanwhile, offseason moves like signing Brad Marchand push the defending champions to the top of the board.
2025-26 Stanley Cup Odds
| Teams | Odds |
|---|---|
| Florida Panthers | +600 |
| Carolina Hurricanes | +800 |
| Colorado Avalanche | +900 |
| Dallas Stars | +900 |
| Vegas Golden Knights | +900 |
| Tampa Bay Lightning | +1500 |
| Toronto Maple Leafs | +1800 |
| Los Angeles Kings | +2000 |
| New Jersey Devils | +2000 |
| Winnipeg Jets | +2200 |
Odds as of Agosto 18th, 2025 04:07am EDT. |
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Who's Favored To Win the 2026 Stanley Cup?
The Panthers are +700 favorites to win the 2026 Cup, and it’s easy to see why. They just led the 2025 playoffs with 4.09 goals per game and gave up only 2.44, absolutely dominating on both ends of the ice. Now, with stars like Ekblad, Bennett, and Marchand re-signing instead of testing free agency, the core is locked in for promising another run. As per GM Bill Zito, all the signings were the players passion for the franchise and desire to continue building onto their dynasty. With the roster intact and a legit shot at a three-peat, Florida’s a strong early bet.
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Last 10 Stanley Cup Winners
| Year | Cup Champions | Opening Odds |
|---|---|---|
| 2025 | Florida Panthers | +900 |
| 2024 | Florida Panthers | +2000 |
| 2023 | Vegas Golden Knights | +1800 |
| 2022 | Colorado Avalanche | +600 |
| 2021 | Tampa Bay Lightning | +900 |
| 2020 | Tampa Bay Lightning | +675 |
| 2019 | St. Louis Blues | +3000 |
| 2018 | Washington Capitals | +1125 |
| 2017 | Pittsburgh Penguins | +1100 |
| 2016 | Pittsburgh Penguins | +1300 |
Over the past 10 years, the average opening odds for the eventual Stanley Cup champions are +1320. So don't always bet on the chalk.
The Blues are the big exception with +3000 before the 18-19 season began, netting early bettors $3,000 on a $100 bet, but it gets better! By the All-Star break that year, the Blues were at the bottom of the NHL standings – their odds of winning the Stanley Cup were +10000. That means a $100 bet would have returned $10,000 in profits. Wild.
NHL Teams With The Most Stanley Cups
| Team | Stanley Cups | Last Cup Win |
|---|---|---|
| Montreal Canadiens | 24 | 1993 |
| Toronto Maple Leafs | 13 | 1967 |
| Detroit Red Wings | 11 | 2008 |
| Boston Bruins | 6 | 2011 |
| Chicago Blackhawks | 6 | 2015 |
| Edmonton Oilers | 5 | 1990 |
| Pittsburgh Penguins | 5 | 2017 |
| New York Islanders | 4 | 1983 |
| New York Rangers | 4 | 1994 |
| New Jersey Devils | 3 | 2003 |
Toronto sure has a lot of Cups, but they haven't won or even been to a Stanley Cup Final since that last championship back in 1967. Breaking their drought of first-round exits in the 2023 playoffs, let’s pray for Leafs fans that their squad can get to the finals soon.
However, with modern parity in the NHL, it will be long before any franchise passes the Montreal Canadiens' 24 Stanley Cup banners, which they racked up over multiple decades in the mid-1900s.
NHL Teams That Have Never Won A Stanley Cup
With Florida's championship in 2024, there are now only 10 teams that haven't won a Cup. But that's still under a third of the league, which has yet to put its hands on the Stanley Cup.
Most of the teams on this list have come close. All but Arizona, Columbus, Minnesota, Seattle, and Winnipeg have at least appeared in a Stanley Cup Final.
Technically, the Ottawa Senators did win a few Stanley Cups, but that last championship took place before the invention of penicillin, not to mention the Senators didn't exist between 1934 (when they moved to St. Louis) and 1992. So, I'm not going to count those. Sorry, Sens fans!
Stanley Cup Betting Odds and Trends
As hockey bettors, we're always hunting for an edge or trends that make our wagers a little easier on the mind -- when it comes to the Stanley Cup, there are a few notable patterns we can pick up on. The trophy is still anyone's game, but here are a few common trends over the last few years that could help you narrow down a pick:
- Picking a favored conference is split – out of the last 10 winners, 60% have been Eastern teams, and the West claims 40%.
- The Cup is a repeat-friendly trophy. The Penguins and Lightning have gone back-to-back in the last 10 years, and 16 teams total have had repeat victories since 1918.
- You’d think regular-season domination would indicate a Stanley Cup favorite, but the President’s Trophy has only gone to the eventual winner of the finals eight times in its 35-year lifespan. Look at the 2023 Bruins – the best record in NHL history with a first-round exit. Yikes.
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How To Bet On Stanley Cup Odds
To bet on Stanley Cup odds, you’d make a futures bet on your sportsbook's NHL section of the website. You'll likely see a tab for futures options, and the NHL finals should be a front-and-center option. Don't be afraid to review our NHL betting guide for a few friendly tips and tricks if you're debating a wager on the Stanley Cup!
Odds are available before the puck drops in the regular season -- certain teams will always be contenders, especially if they won the Cup the previous year. When sportsbooks set the lines, they look at offseason roster moves, coaching changes and past performance, specifically of the prior season.
Where To Bet On The Stanley Cup Futures
You can find updated Stanley Cup odds at most sportsbooks – the lines may differ slightly depending on which book you use, so be sure you're getting the best value for your money. If you're looking for recommendations on choosing the best book head over to our NHL sites review page!
How To Read Stanley Cup Odds 2024
Let’s say you want to make afutures bet today. The Stanley Cup odds might look something like this:
- Colorado Avalanche +300
- Toronto Maple Leafs +550
- Vegas Golden Knights +800
- Carolina Hurricanes +900
- Edmonton Oilers +1100
If you feel strongly about the Leafs and believe they’ll end their Stanley Cup drought, you could wager $100 on them at +550 odds. If they triumph, you’d get a payout of $650 – your original $100 is returned along with winnings of $550. Our odds calculator will show you how much you’d win based on the odds and the amount bet.
The Stanley Cup odds constantly change throughout the season – relevant news like trades, player injuries, and hot/cold streaks are a few examples of what can move a team’s line. If you see Stanley Cup odds you like, it’s best to bet on them ASAP – the Leafs may be +550 to win the Stanley Cup in October, but after a surge in December, their odds could lower to +300. Bet smart and bet early.
What Are Stanley Cup Futures
A futures bet is betting on the outcome of an event before it takes place – when it comes to the Stanley Cup, that means betting on who will hoist the league's top trophy well before it's awarded.
It’s simple on paper, but the wealth of options can make it tricky. Don’t worry if you’re risk-averse, though. Odds are available well right up to the final game of the playoffs.
