Stanley Cup Odds 2027: Panthers Lead NHL Championship Futures Odds
The 2027 Stanley Cup odds favor Carolina and Florida, both listed at +650 at DraftKings. The Hurricanes will try to defend their title, while the Panthers are vying for a third Stanley Cup in four seasons after missing the playoffs last spring
But these two teams face major competition. But they face major competition. DraftKings also lists Colorado (+700), Edmonton (+800) and Vegas (+850) close behind.
Another tight race for the Stanley Cup will unfold in 2027. And who knows, even a sleeper team like Toronto or Anaheim could emerge as a true contender.
Current Stanley Cup Odds
The best sports betting sites are very keen on recency bias. That is, teams that performed well in 2025-25 are now the favorites entering the new season. But things could shake up big time if a few underdogs can exceed expectations.
| Team | Stanley Cup Odds (via DraftKings) |
|---|---|
| Florida Panthers | +650 |
| Carolina Hurricanes | +650 |
| Colorado Avalanche | +700 |
| Edmonton Oilers | +800 |
| Vegas Golden Knights | +850 |
| Tampa Bay Lightning | +1000 |
| Dallas Stars | +1300 |
| Minnesota Wild | +1400 |
| Washington Capitals | +1700 |
| Montreal Canadiens | +2200 |
| Toronto Maple Leafs | +2500 |
| Anaheim Ducks | +2800 |
| Buffalo Sabres | +3000 |
| Los Angeles Kings | +3000 |
| New Jersey Devils | +3000 |
| Utah Mammoth | +3000 |
| Ottawa Senators | +3500 |
| San Jose Sharks | +3500 |
| Philadelphia Flyers | +5000 |
| Pittsburgh Penguins | +6000 |
| Columbus Blue Jackets | +6000 |
| New York Rangers | +8000 |
| Boston Bruins | +10000 |
| Detroit Red Wings | +15000 |
| New York Islanders | +15000 |
| Winnipeg Jets | +15000 |
| St. Louis Blues | +20000 |
| Nashville Predators | +20000 |
| Chicago Blackhawks | +25000 |
| Seattle Kraken | +40000 |
| Calgary Flames | +100000 |
| Vancouver Canucks | +100000 |
New DraftKings Customers: Spend $5+ Get $150 in Bonuses 
170,000 GC + 7 SC *Odds as of October 2026.
Stanley Cup Favorites
The 2027 Stanley Cup odds favorites are the Panthers and Hurricanes, both at +650. But with four different Stanley Cup winners in the past five seasons, a team like Edmonton or Dallas could break through and win a title.
Florida Panthers, +650
The Stanley Cup odds indicate that Florida is a co-favorite to win an NHL title this season (alongside Carolina). The Panthers missed the playoffs in 2025-26 after back-to-back championships, with captain Aleksander Barkov out all season after knee surgery and Matthew Tkachuk missing 47 games. Both are expected back healthy, and Florida traded for Brady Tkachuk in June, pairing him with his brother Matthew and Sam Reinhart. Jacob Markstrom replaces Sergei Bobrovsky in goal.
Carolina Hurricanes, +650
The odds to win the Stanley Cup also favor Carolina, the defending NHL champions. And last season was something special for this team. After years of losing in the Conference Finals, the Hurricanes finally got over the hump.
Dominance doesn't even begin to describe Carolina’s championship season. In the 2025-26 playoffs, the team won 16 of 19 games. That’s about as good as it gets.
Colorado Avalanche, +700
Bookies are also bullish on Colorado in this season’s NHL odds to win the Stanley Cup. After winning its third championship in 2022, the team still has a deep core of talented players, including Nathan MacKinnon and Cale Makar. If everything clicks for them this season, they’ll contend for another Stanley Cup.
Edmonton Oilers, +800
Edmonton sits at +800 in the Stanley Cup odds 2027 market, which means this team is very much in the mix. As a perennial contender, Edmonton reached the Final in 2024 and 2025, losing to Florida both years, but fell to Anaheim in the first round in 2026. Connor McDavid and Leon Draisaitl still lead the Oilers' offense entering the 2026-27 season.
Stanley Cup Sleeper Picks
The Stanley Cup betting odds make it very clear that Florida and Carolina are this year’s favorites. But a few sleeper teams stand out to us, and with good coaching and consistent play, they could win an NHL title in 2027.
Dallas Stars, +1300
The current Stanley Cup odds peg Dallas at +1300 after a first-round exit against Minnesota in 2026. This team is among the best two-way contenders, with incredible balance on both offense and defense. Plus, Dallas is no stranger to the playoffs, having made the postseason seven times in the past eight years.
Washington Capitals, +1700
Today's Stanley Cup odds favor Washington, especially given the recent roster changes. The Capitals now have a young core of key players to support Alex Ovechkin, including forwards Alex Tuch and Jordan Kyrou. This could also be Ovechkin’s final season, which might motivate him to play his best hockey.
Toronto Maple Leafs, +2500
The Toronto Maple Leafs are a talented mid-level team according to the latest Stanley Cup Final odds. Toronto missed the playoffs in 2025-26, then selected Gavin McKenna first overall in the 2026 NHL draft and signed goaltender Sergei Bobrovsky away from Florida. McKenna's ceiling is very high, and if things click early, Toronto could become a real threat.
Anaheim Ducks, +2800
The current NHL Stanley Cup odds have Anaheim as a deep sleeper team at +2800. After a seven-year playoff drought, Anaheim made the postseason in 2025-26 but lost to Vegas in the second round. The Ducks have a lot of potential, with a young core (including Cutter Gauthier and Leo Carlsson) that could take a major leap forward this season.
Stanley Cup Prediction
Making your Stanley Cup picks isn't easy. Almost every year, it seems like a different team puts all the pieces together and wins a title. But be cautious about picking an underdog, since preseason favorites are often the right pick.
Our Stanley Cup predictions involve the Florida Panthers advancing to their third finals appearance in four years. But we believe this team will lose to the Edmonton Oilers in a rematch from 2024 and 2025.
With the best offensive duo, Edmonton is a lock to make the playoffs and run for the Stanley Cup. There’s seriously a lot to like about this team, and an NHL title is very possible this season if the Oilers can shore up their goaltending.
NHL Championship Winners History
The past 20 Stanley Cup winners include multiple dynasties involving Pittsburgh and Chicago. But in recent years, we’ve seen much more competition and variability among the top contenders.
Here are the previous 20 Stanley Cup winners, along with the preseason odds attached to those teams winning a title that year:
- 2025–26: Carolina Hurricanes (+500)
- 2024–25: Florida Panthers (+1000)
- 2023–24: Florida Panthers (+800)
- 2022–23: Vegas Golden Knights (+1200)
- 2021–22: Colorado Avalanche (+325)
- 2020–21: Tampa Bay Lightning (+800)
- 2019–20: Tampa Bay Lightning (+650)
- 2018–19: St. Louis Blues (+1250)
- 2017–18: Washington Capitals (+1225)
- 2016–17: Pittsburgh Penguins (+770)
- 2015–16: Pittsburgh Penguins (+800 to +1000)
- 2014–15: Chicago Blackhawks (+600 to +900)
- 2013–14: Los Angeles Kings (+1400 to +2000)
- 2012–13: Chicago Blackhawks (+500)
- 2011–12: Los Angeles Kings (+2000)
- 2010–11: Boston Bruins (+1000 to +1500)
- 2009–10: Chicago Blackhawks (+900)
- 2008–09: Pittsburgh Penguins (+800)
- 2007–08: Detroit Red Wings (+400 to +600)
- 2006–07: Anaheim Ducks (+600 to +900)
How to Bet on Stanley Cup Futures
The Stanley Cup odds cover many other NHL futures. Sportsbooks like DraftKings and FanDuel have a section dedicated to preseason markets involving the Hart Trophy, the Art Ross Trophy, and much more. These prices are set before the season starts, so they move as injuries, trades, and results come in.
But sports betting follows a process. You’ll need an account with an online sportsbook to get things going. The good news is that it doesn’t take much time or effort to start your sports betting journey.
Step 1: Pick a Sportsbook and Create an Account
Click the link on this page to visit one of our recommended sportsbooks. You can choose from FanDuel, DraftKings, and several other top options.
After you click the link, you’ll land on a different page and begin the sign-up process. The operator will ask for information such as your date of birth, phone number, and other key details.
Step 2: Make a Deposit and Claim a Bonus
Once you have an account, visit the online cashier, choose a deposit method, and enter your payment info. Then enter the amount you want to transfer and confirm your request.This is also where you'll claim a welcome bonus to boost your bankroll. New customers can choose from some of the best sportsbook promos when they sign up and make a first deposit.
Step 3: Explore NHL Futures and Place a Bet
Next, navigate to the ‘NHL Futures’ section of the sportsbook and select the ‘Stanley Cup’ option. Click the odds for the team you predict will win to add your pick to the online bet slip. Then enter the amount you want to wager and place your bet.
How to Read Stanley Cup Odds
The NHL odds we use follow the American format, using plus (+) and minus (-) symbols. Higher odds mean a much lower probability; the higher the plus number, the lower the implied probability. For example, Toronto is available at +2500 to win the Stanley Cup this season. The implied probability here is just 3.8%.
Betting $100 on Toronto to win an NHL title this season would earn you $ 2,500. This sounds like a pretty sweet deal, but remember that Toronto is a long shot.
If the odds were -2500, that would mean Toronto’s almost a sure thing to win the Stanley Cup. But you would have to bet much more for a smaller profit (betting $2500 would earn you just $100 in this scenario).
Where to Bet on Stanley Cup Betting Odds Today
All the best NHL betting sites offer ample coverage before and during the season. Operators such as DraftKings and FanDuel do a great job providing plenty of action. They post Stanley Cup futures year-round, along with conference, division, and player award markets.
Keep in mind that these are online sportsbooks operating legally in the United States. You’ll need to provide your information and verify your account to participate and cash out.
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win - Wide coverage of US and international sports
- Linked to MGM Rewards loyalty program
- Regular odds boosts and promos
New DraftKings Customers: Spend $5+ Get $150 in Bonuses - Wide coverage of US and international sports
- High-quality iOS and Android apps
- Very fast withdrawal times
New Users – Get $250 in Bonus Bets when you wager $5 for 5 days - Offers one of the best same-game parlays
- Highly rated mobile app
- Impressive sports coverage
Get Up to $1,000 Matched in FanCash - Unique FanCash loyalty program
- Variety of bonuses and ongoing promos
- Fast, reliable app with live betting and streaming
Stanley Cup Odds FAQ
-
Snap Share, Air Yards & More: 7 Stats That Matter For NFL Prop Bets This Week
-
How Does Underdog Rips Work? Buy, Sell and Trade Card Packs This [month]
-
Lamar Jackson Could Miss Multiple Games With Sprained Ankle
-
Sweet Sweeps Casino Kicks Off 3-Day Wizard Challenge: Get Up to 200 FS
-
NHL Anytime Goal Scorer Predictions Today: Best Bets for Oct. 6
-
MLB Home Run Props and Predictions Today: Top Player Props for Oct. 6