The 2025-26 Stanley Cup Odds have the Colorado Avalanche well ahead of the field at +220, making them the clear favorite to win the Cup. The Tampa Bay Lightning have retaken second on the oddsboard with +550 odds. If you're looking for good value, the Carolina Hurricanes are your pick at +800.
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2025-26 Stanley Cup Odds
| Teams | Odds |
|---|---|
| Colorado Avalanche | +220 |
| Tampa Bay Lightning | +500 |
| Carolina Hurricanes | +750 |
| Vegas Golden Knights | +950 |
| Edmonton Oilers | +1100 |
| Florida Panthers | +1700 |
| Minnesota Wild | +1900 |
| Dallas Stars | +2000 |
| Washington Capitals | +3500 |
| Los Angeles Kings | +4000 |
Odds as of February 3rd, 2026 04:22am EST. |
Stanley Cup Odds Favorite: Colorado Avalanche
It's easy to see why the Colorado Avalanche are the Stanley Cup favorites. Colorado has walked over the NHL with only six regulation losses on the year and a league-leading +76 goal differential.
They're also led by the best players in the sport. Nathan MacKinnon's 88 points continue to spearhead this Colorado team to success, making him a great Hart Trophy and Rocket Richard Trophy candidate. Cale Makar continues to be the best defenseman in the league, running away with the Norris Trophy thanks to his 56 points in 50 games.
Odds makers think what this Avs team is doing is clearly very special, giving them +220 odds with almost half the season left to play.
Stanley Cup Odds Best value: Carolina Hurricanes
Yet again, the Carolina Hurricanes are at the summit of the NHL. Carolina is running away with the Metropolitan Division, for the fourth time in six years, and is only one point behind the Lightning for the top spot in the East.
Carolina's credentials as an elite team are well established...at least in the regular season. They've got issues in the playoffs, but at some point, they've got to clear that hurdle. Why not this year? Carolina has dominated the East so far this year with an 18-9-2 record. So they should be able to ease past their divisional rivals in the postseason. They've also shown they can go toe-to-toe with the best team in the league in Colorado with a 1-1 SU split record this year. Carolina has the goods to win it all; don't sleep on them.
Stanley Cup Odds Best Longshot: Dallas Stars
Dallas has stumbled a bit lately, going 4-5-1 in their last 10, and as such, their odds have fallen to +2000! Let's be honest here, the reason Dallas's odds are so long is that the oddsmakers don't believe anyone in the Central Division can eliminate the Avs when playoff time rolls around. This is a massive oversight.
Dallas eliminated the Avs in the first round last year and in the second round two years ago. If any team has a proven track record of eliminating the Avs its Dallas! And Dallas is one of only a handful of teams to defeat Colorado this year!
Those +2000 odds are massively disrespectful of the Stars' potential.
Stanley Cup Betting Data
Thanks to our friends at BetMGM, we've got betting data to help you handicap the Stanley Cup Odds.
Highest Percentage of Stanley Cup Bets
- Colorado Avalanche: 15.6%
- Vegas Golden Knights: 8.0%
- Carolina Hurricanes: 6.7%
According to BetMGM's data, the public agrees that Colorado is the Cup favorite. The Avs portion of Stanley Cup bets continues to swell, now reaching 15.6%. Vegas is the public's second-favorite option at 8%.
Highest Percentage of Stanley Cup Handle
- Colorado Avalanche: 20.4%
- Edmonton Oilers: 8.6%
- Florida Panthers: 8.5%
Sharps are also backing the Colorado Avalanche. The Avs' share of the money has grown shrunk slighty to 20.4%. In fact, each of the top three teams has seen its share drop since the last update, suggesting sharps might be shifting to a new fav.
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 St. Louis 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 a long time 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 Columbus, Minnesota, Seattle, Utah, and Winnipeg have appeared in a Stanley Cup Final.
Technically, the Ottawa Senators did win a few Stanley Cups. However, 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, those Cups don't count. 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, 70% have been Eastern teams, and the West claims 30%.
- The Cup is a repeat-friendly trophy. The Penguins, Lightning, and Panthers 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 36-year lifespan.
Odds Shark's NHL Betting Resources
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 a futures 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.
