Stanley Cup Odds: Who Will Hoist NHL Championship Trophy in 2025?

There is less than five months until the Stanley Cup is awarded.

That may seem like an eternity – and truly it kind of is – but the next two-and-a-half will be dedicated to gearing up for the Stanley Cup playoffs. Then the two-month war of attrition will kick in.

History indicates there are more than a handful of teams capable of winning the Stanley Cup right now, which is why the odds for even the favorites are so long. That makes right now the time to place your futures bets on the Cup champ – if you can find a club you feel will go all the way.

Here is a look at where the 2025 Stanley Cup odds currently stand.

2025 Stanley Cup Odds

• Edmonton Oilers (+600)
• Carolina Hurricanes (+800)
• Florida Panthers (+800)
• Dallas Stars (+900)
• New Jersey Devils (+1000)
• Toronto Maple Leafs (+1100)
• Colorado Avalanche (+1200)
• Vegas Golden Knights (+1200)
• Washington Capitals (+1200)
• Tampa Bay Lightning (+1600)
• Winnipeg Jets (+1600)
• Minnesota Wild (+2000)
• Los Angeles Kings (+2200)

2025 Stanley Cup Favorites

Edmonton Oilers (+600)

The Oilers came within a victory of both winning the Cup and doing so in historic fashion by turning around a 3-0 deficit. So Edmonton is clearly hungry, and of course loaded, led by tandem Hart Trophy winners Connor McDavid and Leon Draisaitl.

It may seem like a coincidence, but there is a reason no Canadian team has won the Stanley Cup since the Montreal Canadiens in 1993. The fishbowl aspect of hockey coverage north of the border is real, especially in a town like Edmonton, where the Oilers are by far the biggest act in town.

Aside from that, Edmonton will need to contend with the absolutely loaded Western Conference – where Colorado is somehow the first wild card. Still, the Oilers have skill for days and have been one of the NHL’s stingiest teams under coach Kris Knoblauch, which makes them a worthy favorite.

2025 Stanley Cup Contenders

Carolina Hurricanes (+800)

The Canes are having another Cane-like season, where they are one of the best possession teams and are near the top of the standings in the Eastern Conference. Carolina is pretty locked into the No. 2 seed in the Metropolitan Division, and likely a first-round date with the New Jersey Devils, whom it thoroughly demolished in five games in the first round in 2023.

Still, Carolina’s offense tends to be an issue come playoff time, even though it scored three goals in eight of its 10 playoff games in the postseason last year. Plus, even while Pyotr Kochetkov has held down the Hurricanes’ goaltending, his .863 career save percentage is concerning, as is the health of primary starter Frederik Andersen.

Florida Panthers (+800)

The Panthers are once again looking dangerous, especially since the reigning Cup champions are almost assured of a playoff spot as of late January. Like Carolina, Florida is once again one of the league’s best possession teams and has a veteran roster laden with playoff experience after consecutive Cup Final runs.

Perhaps Florida’s lineup is a bit too experience-heavy though, because it may run out of gas after playing into June in consecutive years. The Lightning reached the Final in three straight years from 2020-22, though those runs were disjointed due to COVID-19, which means think long and hard before putting your money down on the Panthers to repeat.

Dallas Stars (+900)

The Stars are like the Hurricanes west, in that every year they seem to be in the mix but also cannot seem to get over the hump. Still, Dallas is right there in the playoff field in the West, since Pete DeBoer’s team has reached the Western Conference Final in consecutive seasons.

The Stars have great goaltending in Jake Oettinger and a veteran-laden lineup. The only question is whether they can scale the Western Conference mountain, which could mean beating three of the Jets, Golden Knights, Avalanche, Oilers or Wild.

2025 Stanley Cup Dark Horses

Colorado Avalanche (+1200)

Somehow the Avalanche are tied for fourth-shortest odds of any Western Conference team, and seventh-shortest in general, even though they have a Hart Trophy favorite (Nathan MacKinnon), Norris Trophy favorite (Cale Makar) and Vezina Trophy favorite (Mackenzie Blackwood) and have won the Cup before.

It is Blackwood’s presence, and play, that has Colorado seeming especially dangerous. Colorado started 14-13-0 and languished with the awful play of Alexandar Georgiev, but Blackwood, and fellow acquiree Scott Wedgewood, have turned things around quickly with Colorado’s 14-5-1 spell that cemented it into a playoff spot.

Whether Blackwood can keep it up into the playoffs remain to be seen. But this group won the Cup with Darcy Kuemper tending goal, which means the Avalanche don’t need much support in goal to have success.

Washington Capitals (+1200)

It isn’t often that the Presidents’ Trophy favorites are this long of an underdog to win the Stanley Cup, but Vegas could be forgiven for not exactly believing in this year’s Caps. Still, Washington has been on a tear since the calendar flipped to 2025, and it does still have core members from the group that won the Cup in 2018 – notably Alex Ovechkin, Jakub Vrana, Tom Wilson and John Carlson.

Can the Caps turn regular-season magic into playoff success? That is the question. Plus, the last Presidents’ Trophy winner to win the Cup was the 2013 Blackhawks, and the last to do so in an 80-plus-game season was the 2008 Detroit Red Wings.

Still, the Caps won’t be this long of a shot much longer, which means if you believe in that core, and coach Spencer Carbery, it’s time to buy in now.

Winnipeg Jets (+1600)

Like the Capitals, the Jets are first in the West in points and have been sitting atop the Central Division standings for months, yet are fifth in Cup odds among Western Conference teams. 

Winnipeg is dangerous mainly due to goalie Connor Hellebuyck, who is having another Vezina Trophy-caliber season – he is a four-time finalist, two-time winner and is the overwhelming favorite to repeat this season. But the Jets also have offensive punch, led by three 20-plus-goal scorers, and severely underrated defenseman Josh Morrissey. 

The West is a minefield, especially since Winnipeg could end up facing Colorado in the first round again – the Avs quickly dispatched the Jets in five games last season. But if the Jets can dodge Colorado in the first round as the No. 1 seed in the West, their road to the Cup Final could be the easiest of any Western Conference team.