2025 NHL Stanley Cup Odds: Panthers, Stars, Oilers Lead Crowded Board

Written By Road to CFB | Last Updated June 25, 2024

Celebrations for the Florida Panthers’ first Stanley Cup championship are still underway. But it’s never too early to look to next season and sportsbooks lined all 32 NHL teams for 2025 Stanley Cup odds. The Panthers are favored to repeat while the Western Conference finalists, Dallas Stars and Edmonton Oilers, come up just behind. It’s a crowded board, with nine teams being lined at 15-1 or shorter. The debutant Utah Hockey Club opened with 100-1 odds.

Edmonton () leads the Canadian teams, edging out the Toronto Maple Leafs () and Vancouver Canucks (). Despite closing a 3-0 gap, the Oilers fell short in Game 7, extending Canada’s Stanley Cup drought to 30 years.

2025 Stanley Cup odds

Compare NHL futures odds from the best sports betting sites below. Click to place a bet.

In terms of best available odds, the Panthers, Stars, and Oilers lead Stanley Cup futures. But, depending where you shop, you find several different combinations. FanDuel Sportsbook favors the Carolina Hurricanes and Colorado Avalanche over Dallas and Edmonton. They also price the Vegas Golden Knights lower than the rest of the market. Both DraftKings and Caesars line the Stars even with the Panthers at +900.

Even the Minnesota Wild – a team in the middle of the odds board – varies wildly in price, between 31-1 and 50-1.

Last season, the Panthers opened at +2000 while the runner-up Oilers opened at +1100.

Stanley Cup Odds History

Historically, the NHL isn’t a breeding ground for longshot champions. Since 1984, only four teams won the Stanley Cup finals with a preseason price longer than 20-1: the 2019 St. Louis Blues (30-1), 2006 Carolina Hurricanes (60-1), 2004 Tampa Bay Lightning, and 1991 Pittsburgh Penguins (30-1). It is notable, however, that the Blues fell to as long as 100-1 at the All-Star break before turning the ship around in historic fashion.

In that same span, 21 teams priced 10-1 or lower at open captured a championship. The last two seasons broke the streak, but prior to Vegas’ title last year, the Lightning and Avalanche made it a run of three straight 10-1 or shorter champions.

Year	Champion	Preseason Odds
2023-24	Florida Panthers	+2000
2022-23	Vegas Golden Knights	+1800
2021-22	Colorado Avalanche	+600
2020-21	Tampa Bay Lightning	+900
2019-20	Tampa Bay Lightning	+700
2018-19	St. Louis Blues	+3000
2017-18	Washington Captials	+1100
2016-17	Pittsburgh Penguins	+1100
2015-16	Pittsburgh Penguins	+1300
2014-15	Chicago Blackhawks	+700

Longest Shots To Win Stanley Cup

Since 1984.

Year	Champion	Preseason Odds
2005-06	Carolina Hurricanes	+6000
2018-19	St. Louis Blues	+3000
1990-91	Pittsburgh Penguins	+3000
2003-04	Tampa Bay Lightning	+2500
2023-24	Florida Panthers	+2000
2022-23	Vegas Golden Knights	+1800
2011-12	Los Angeles Kings	+1600
2010-11	Boston Bruins	+1600

Note: The 2012 L.A. Kings began the Stanley Cup Playoffs at +2200 – the longest odds for a champion at the start of the postseason – before making a run. The year before, the Bruins began the Stanley Cup Finals at +200, tied for the biggest upset in finals series history (’95 New Jersey Devils).