Stanley Cup Odds | Hurricanes and Devils The 2024 Favorites

Stanley Cup odds
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The NHL regular season is heading towards a thrilling finish as we enter March and approach the greatest postseason in sports. Stanley Cup odds show the Edmonton Oilers (+800) at the top of most boards, with the Florida Panthers and Colorado Avalanche ranging from +750 to +900. The numbers vary considerably across all sportsbooks, and you can compare the best Stanley Cup odds below.

View live odds to win the Stanley Cup for every NHL team below.

Stanley Cup odds

Check out updated Stanley Cup odds for every team in pro hockey below. The Carolina Hurricanes (+800) opened as the NHL favorite to win it all in 2024.

Edmonton Oilers

Every season the Oilers are priced higher than they should be due to the star power of Leon Draisaitl and Connor McDavid. As lethal as those two are, Edmonton never has enough depth or puck-preventing talent to transform the team into a Cup contender. But has that changed this season? Edmonton is second in the NHL in expected Goals For percentage at 57.57, narrowly trailing Florida at 57.95. But as it is every year, Edmonton’s offense is leading the way with a league-leading 4.04 expected goals per 60, compared to 2.98 xGA/60.

Colorado Avalanche

The market is perenially in love with the Avalanche and this season is no different, as Colorado has been at the top of Stanley Cup odds boards throughout the past eight months despite a first-round exit to the Kraken last year and substandard metrics. Colorado ranks 15th in all strengths xGF% at 51.29 and 7th in Corsi For at 52.35%. Colorado trails Dallas by four points in the Central as of Feb 16 and trails Vancouver by 10 points in the Western Conference.

Florida Panthers

The Panthers continue to play as an elite team despite continued roster turnover the past two seasons. Florida is tied with Boston in both the conference and the division and ranks second in the NHL with a +43 goal differential. The Panthers are #1 with a 57.95% xGF rate at all strengths and rank 2nd at 5-on-5 with a 55.54% xGF rate.

Carolina Hurricanes

The Hurricanes led the NHL in 5-on-5 xGF% by a wide margin at 59.88% last season. And they’re up near the top again at 55.28%, ranking 3rd overall. Carolina leads the league by a wide margin in Corsi at 60.42% and they rank second in Shots For at 56.73%. But despite their metrics, Carolina is eight points behind the Metropolitan-leading Rangers.

Boston Bruins

In its dominant 2022-23 season, Boston had a net goals advantage of +1.41 at 5-on-5, which was nearly double the second-place team at +0.76 (Seattle). This season, Boston is down to 0.8 in that metric but still ranks 3rd in the NHL. The Bruins have a below-average Corsi rate of 49.5% (21st) and slightly above-average xGF of 51.46% (12th). But they’ve achieved the third-best actual Goals For percentage (58.68) thanks to incredible goalie play. The Bruins are tied with the Panthers atop the Eastern Conference with 74 points.

Dallas Stars

Offseason acquisition Matt Duchene has fit in beautifully on an already stout Stars team. Dallas ranks 4th overall in xGF at 54.89% but their actual net goal rate has lagged, ranking 10th at 52.17%. At all strengths, that number rises to 54.81%, good for 6th in the NHL. Dallas is tied for the Central lead with 79 points and is four behind Vancouver in the West.

New York Rangers

The Rangers have a 53.36% Goals For rate at all strengths, good for 11th overall in the NHL. That number falls to 48.86% at 5-on-5, which ranks 22nd. Per 5-on-5 xGF, NYR sits at a pedestrian 49.86%. The Rangers are relying heavily on the power play this season, and reliance on the man advantage is not a recipe for hoisting the Stanley Cup.

Vancouver Canucks 

The Canucks have the sixth-youngest roster in the NHL and have finally taken the leap many had predicted. Vancouver leads the Pacific by ten points over Vegas and leads the West by four points over Dallas. However, the advanced metrics have the Canucks closer to the 10th-best team in the league rather than a legitimate Cup contender.

Vegas Golden Knights

The Golden Knights benefit from playing in the relatively weaker Western Conference and have the playoff experience you’re looking for in the Stanley Cup futures market. However, Vegas’ advanced metrics have been average at best all season, ranking 22nd in Corsi rate (48.05%), and have an xGF% that ranks 16th (50.81%). Vegas has tumbled down the standings, and a repeat looks highly unlikely.

Winnipeg Jets

Despite losing Pierre-Luc Dubois in the offseason, the Jets have remained competitive following a playoff appearance a season ago. Winnipeg is one point behind Colorado in the Central and five behind Dallas. Their +35 goal differential is eight better than the Avs, thanks to elite defense. The Jets lead the league in 5-on-5 GA/60 at 1.6, which is 0.28 goals better than the second-place Panthers.

Toronto Maple Leafs

After winning a playoff series for the first time in over a decade, the arrow appeared to be pointing up for the Maple Leafs. Not so fast, Leafs fans. Despite retaining the majority of its star-studded roster and adding Tyler Bertuzzi in free agency, Toronto has regressed, ranking 4th in the Atlantic and 7th in the East.

LA Kings

The Kings went 47-25-10 last season as a young team on the rise and appeared to be on the verge of becoming a power in the Western Conference. However, LA has regressed this season and sits 20 points behind Vancouver in the West.

Tampa Bay Lightning 

It felt like the championship window had closed for the aging Tampa Bay Lightning after a first-round exit to Toronto. And their performance this season has confirmed that this is no longer among the NHL elite. While Tampa Bay is only nine points behind Florida and Boston, their +11 goal differential is thoroughly unimpressive and the advanced metrics are even more dire. The Lightning rank 22nd in xGF rate at 48.89 and likely will not be making a playoff run this season.

New Jersey Devils

The Devils had an incredible season a year ago but have severely regressed in 23-24. New Jersey’s +65 goal differential ranked second only to Boston a year ago, but the Devils are -5 this season. While their advanced metrics paint a different picture, New Jersey’s lack of an elite goalie and poor start to the season makes them highly unlikely to hoist the Stanley Cup.

Pittsburgh Penguins

The Penguins have slowly faded from NHL elites to the edge of the contender tier. But as long as Sydney Crosby is lacing up his skates, the Penguins will attempt to be competitive. And while xGF paints the Penguins as a top-ten team, they sit sixth in the Metropolitan and have a less-than-impressive +13 goal differential.

Philadelphia Flyers

The Flyers have been stuck in NHL purgatory for a few years now, and that is likely to continue for at least another couple of years. While Philly has improved this season with eight fewer points than the Rangers, their +5 goal differential leaves much to be desired.

Detroit Red Wings

The Red Wings are a team on the rise. They also have a wide range of Stanley Cup odds, ranging from +4500 to +7000. Detroit put their war chest to use this offseason and could be a dark horse pick if you’re willing to get risky.

New York Islanders

The Islanders secured the top Wild Card spot in the East last season. But NYI has the fifth-oldest roster in the league and appears to be mired in mediocrity.

Nashville Predators

The Predators finished with a respectable 92 points last season. But their -9 goal differential left much to be desired. Nashville has followed that campaign up with a -15 GD through February 16.

Calgary Flames

The Flames had a disappointing season a year removed from being one of the NHL’s elite teams. Calgary will return all major contributors to their roster but are only $1.25 million under the cap.

Minnesota Wild

The Wild finished 46-25-11 last season but their record overshadowed a very average team when looking at the advanced metrics. Minnesota’s true colors have shown up in 23-24 with a -11 goal differential landing them above only the Coyotes and Blackhawks in the Central.

Seattle Kraken

The Kraken not only made the playoffs in their second season as a franchise, but they also beat the defending champion Avalanche in the first round. Seattle has a well-balanced roster and will have over $20 million to play with in the offseason.

St. Louis Blues

The Blues signaled their rebuild after trading star forward Ryan O’Reilly at the deadline last season. And while their -5 goal differential leaves something to be desired, their on pace to improve significantly on last season’s -37 GD.

Washington Capitals 

A year after a 100-point campaign, the Washington Capitals heavily regressed to 80 points last year, and the decline has continued at a rapid pace this season.

Arizona Coyotes

Arizona had been a bottom dweller for as long as anyone can remember. So, while their -10 goal differential is uninspiring, it’s been a successful season for the Coyotes, who have climbed out of the cellar to become a solidly below-average, but not awful, team.

Ottawa Senators

With the fourth-youngest roster in the league, the Ottawa Senators were primed to continue their positive progression. However, the Senators remain firmly below average and are likely multiple years away from being a Cup contender.

Buffalo Sabres

The Buffalo Sabres are slowly working their way back into relevancy. But after beginning the season with playoff aspirations, this season has been a massive disappointment for Buffalo, who are 7th in the Atlantic and have the 6th-worst goal differential in the East at -9.

Montreal Canadiens

The Canadiens have the fourth-worst goal differential in the NHL at -40 and appear to be a couple seasons away from relevancy.

Columbus Blue Jackets

Columbus is coming off a horrific season that saw them get outscored 330-214. The Blue Jackets missed out on the Connor Bedard sweepstakes and are last in the East.

Anaheim Ducks

The Ducks had the worst goal differential in the NHL at -129 and have no chance of competing for the Stanley Cup this season. Anaheim does have the most cap space in the NHL at just over $39 million, so there is a light at the end of the tunnel if they can spend wisely.

Chicago Blackhawks

The Blackhawks have one thing going for them in 18-year-old phenom Connor Bedard. However, it will take Chicago at least another season or two before this team is back in contention.

San Jose Sharks

San Jose is coming off a season with a -87 GD and has followed it up with a -90 campaign in 23-24. The Sharks are going to be bad for at least a couple more seasons, if not longer.

Stanley Cup Odds: How the Lines are Changing

Here we’ll take a look at how Stanley Cup odds have changed over the course of the 2023 – 2024 season at DraftKings Sportsbook.

TeamStanley Cup Odds June 22Stanley Cup Odds July 12Stanley Cup Odds Oct 5Stanley Cup Odds Nov 9Stanley Cup Odds Feb 16
Edmonton Oilers+1000+1000+1000+1800+750
Florida Panthers+1600+1600+1600+1600+800
Colorado Avalanche+800+1000+1000+800+850
Boston Bruins+800+1300+1600+750+850
Carolina Hurricanes+1200+900+800+800+900
New York Rangers+1400+1300+1300+1100+1000
Dallas Stars+1600+1400+1400+1400+1000
Vancouver Canucks+6000+6000+6000+2500+1100
Vegas Golden Knights+1200+1200+1200+700+1300
Winnipeg Jets+7500+7500+5000+4500+1400
Toronto Maple Leafs+900+900+900+1100+1400
LA Kings+2500+2200+2200+1600+2200
Tampa Bay Lightning+1600+2000+2000+2000+2500
New Jersey Devils+1200+1000+900+1000+2800
Pittsburgh Penguins+3000+3000+2800+4000+4000
Philadelphia Flyers+15000+15000+15000+10000+7000
New York Islanders+5000+5000+5000+5000+7000
Detroit Red Wings+7500+6000+7500+6000+7000
Nashville Predators+7500+7500+7500+7500+9000
Seattle Kraken+4000+3500+3500+7500+12000
Minnesota Wild+3000+3000+3000+4500+12000
Washington Capitals+6000+6000+8000+10000+12000
Calgary Flames+2000+3000+3000+6000+12000
St. Louis Blues+6000+6000+8000+8000+15000
Arizona Coyotes+25000+25000+13000+13000+25000
Ottawa Senators+4000+4000+4000+7000+30000
Buffalo Sabres+3500+3500+3500+7000+30000
Montreal Canadiens+25000+25000+25000+20000+50000
Columbus Blue Jackets+15000+15000+15000+20000+60000
San Jose Sharks+25000+25000+25000+100000+100000
Chicago Blackhawks+25000+20000+20000+20000+100000
Anaheim Ducks+25000+25000+25000+15000+100000

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Those betting using mobile options can simply navigate to the hockey section of the betting app to find Stanley Cup futures.

Bettors looking to place those Stanley Cup wagers may want to check out the odds at FanDuel Sportsbook. The site offers plenty of options in betting for the Stanley Cup winner as well as wagering on individual matchups.

DraftKings Sportsbook also offers a nice betting experience and all the futures action a hockey fan might want. For both sites, simply click on “hockey” and then the “futures” tab to make a selection. There are some great bonus offers at both FanDuel and DraftKings for those looking to get in on the action.

If sports betting isn’t legal in your state yet, daily fantasy sports is another great way to have some skin in the game. Sign up for an account at DraftKings and get $25 free.

How to bet the NHL

Betting on the NHL, and hockey, in general, is somewhat of a cross between baseball and basketball betting. It’s similar to basketball in that it can be slightly more predictable, particularly over the long term when looking at the proper statistics and trends. It leans toward baseball in following suit with generally modest odds and lines, and like with starting pitchers, the lines hinge on the projected starting goaltenders. The terms and bet types remain the same as in the other main sports.

  • Moneyline: The most straightforward and common bet type. Pick the team to win the game, either in regulation, overtime, or a shootout. Odds will generally range from -250 to +250 but can extend closer to -500 or +500 in rare cases. A late goalie swap can drastically change the odds, and likelihood of a team winning.
  • Puck line/Spread: Much the same as run lines in baseball betting, the standard puck line is set at +/- 1.5 goals. The favorite must win by at least two goals; the underdog needs to stay within one in a loss or win outright. Any game going to overtime would be a win for the underdog regardless of the final outcome.
  • Total: The total, or Over/Under, is most commonly set at a base of 5.5, though as with all hockey odds, the projected goalie matchup is the biggest factor. A pair of backups starting against each other would usually boost the line to 6.5; a pair of elite goaltenders could drop the number to 4.5.
  • Alternate lines: The alternate betting lines are more valuable in hockey than nearly all the other main sports. Buying yourself a goal against either the spread or total can greatly raise your chances of earning at least a small profit. Boosting your odds to a puck line of -2.5 or a total of 7.5 can return a much great profit with the increased risk.
  • Props: Hockey prop bets range from which team will score first to whether or not certain players will score a goal in the game. Rather than backing an underdog on the puck line in what’s expected to be a tight game, look for whether or not the game will go to overtime. This will often offer more profitable odds.
  • Futures: Stanley Cup futures typically come out immediately after the prior NHL season wraps up in June. Odds are regularly adjusted from then until the trophy ids awarded. Team expectations, performance, and public betting action all influence the odds. Injuries, trades and winning or losing streaks also carry great weight. Be sure to incorporate advanced statistics and know which teams are over-performing. Others could enjoy a late-season surge in order to capitalize on long odds. Futures are also available for player awards and stats, and conference and division winners.

How do Stanley Cup futures odds work?

First, let’s define a futures wager. These are made on the result of certain events or contests to happen in the future.

Fans enjoy these wagers because they offer a chance to cheer for a team (or a few) in the long run. They also have a chance at a nice payout for a smaller wager. In this case, a bet on a certain team to survive the playoffs and win the Stanley Cup.

In the NHL, eight teams from each conference qualify for the playoffs. Making a futures wager on one of those 16 teams is easy, both in a live sportsbook and online.

A sportsbook in a casino will have futures odds usually listed on a large screen somewhere in the sportsbook. These should be easy to find, but the staff at the betting windows can help.

Let’s look at an example using a $100 futures wager:

  • FanDuel Sportsbook opened the Colorado Avalanche as the favorite to win the 2024 Stanley Cup at +800. A bettor putting $100 on Colorado would win $800 (and get the original $100 bet back) if the Avs were to pull it off.

Why do Stanley Cup odds change during a season or in the playoffs?

While a team might start off with certain odds, they can change at any time. The Dallas Stars may start as +2200 underdogs (with a $100 wager to win $2,200), but that can change later. Several factors could be in play to make those lines move.

  • Futures odds are a fluctuating market. A team may have a surprising Round 1 upset victory and played well. That may spur oddsmakers to move those lines down.
  • Odds are adjusted based on a team’s performance, injuries, opponents, and more during the season and postseason.
  • Sportsbooks also adjust odds based on betting patterns. A large amount bet on a certain team may force oddsmakers to lower odds to reduce exposure to potential losses should that team pay off.

NHL futures betting history

Winning the Stanley Cup isn’t easy. Teams must survive three playoff rounds before battling it out in the Stanley Cup Final. That comes after the 82-game regular season with plenty of skating, checking, and road trips.

The goal is to be one of the eight teams in the postseason from each conference and then see what happens. The Vegas Golden Knights made a historic run to the Cup Final as an expansion team in 2018. But who were some of the biggest long shots in history to win the Cup?

  • 2012 – The L.A. Kings entered the playoffs as the eighth seed and went 20-1 to take home their first title in 44 years. As the L.A. Times noted, the team caught fire “… thanks largely to their remarkable 10-1 road record, tying a league record for the most road wins in a postseason. And while winning 16 of 20 playoff games, the Kings outscored their opponents by an impressive 57-30.”
  • 1995 – The New Jersey Devils were the fifth seed when the playoffs started. They struggled during a regular season shortened to 48 games due to a lockout. The Red Wings looked like an unstoppable force and few in the media predicted Jersey would win. But the Devils completed an unlikely 4-0 sweep.
  • 1986 – With a team full of rookies including goalie Patrick Roy and forward Claude Lemieux, the Montreal Canadiens shocked the hockey world with a 4-1 finals victory over the Calgary Flames.

No doubt, bettors took home a nice score on these futures wagers.