Surprisingly, the 2024-25 Stanley Cup odds continue to favor the Edmonton Oilers with BET99 giving them +850 odds despite a 4-5-1 record. New Jersey is falling down the odds board but with Markstrom showing his quality lately it might be time to bet on the Devils at +1200.
However, can we spare a moment for the 9-1-0Â Winnipeg Jets and their ridiculously long +1800 odds?
Here’s a breakdown of the 2024-25 Stanley Cup oddsboard and a value pick.
2024-25 Stanley Cup Odds
| Team | Odds |
|---|---|
| Edmonton Oilers | +850 |
| Dallas Stars | +900 |
| Florida Panthers | +950 |
| New York Rangers | +1000 |
| Toronto Maple Leafs | +1100 |
| Carolina Hurricanes | +1200 |
| New Jersey Devils | +1200 |
| Colorado Avalanche | +1350 |
| Vegas Golden Knights | +1650 |
| Vancouver Canucks | +1750 |
Odds as of October 31Â at BET99
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Stanley Cup Odds Movement
It might still be early in the 2024-25 NHL season, but we’ve still seen a lot of movement on the Stanley Cup oddsboard. So let’s dive into those changes on the board.
Riser: Carolina Hurricanes
Doubts existed for Carolina thanks to several changes to the lineup with Jake Guentzel, Brady Skjei, Stefan Noesen, Brett Pesce and Tevo Teravainen allowed to leave in the offseason. Could the Canes cope with those losses?
The Hurricanes have jumped from +1450 to +1200 on the odds thanks to a four-game winning streak, all four wins were on the road too. So yes, they’ve been able to cope with those losses and continue to be a top team in the league.
Faller: New Jersey Devils
For the second week in a row, the Devils have seen their odds drop and sit at +1200 today.Â
Their back-to-back odds cut it likely due to the sub-optimal play of Jacob Markstrom and his 2.68GAA and 0.903SV%. Markstrom was supposed to rejuvenate a porous Devils’ crease that had the third-worst save percentage in the league last year.Â
Markstrom has stopped 44 of 46 shots in his last two games for a 0.957SV% and 1.01GAA. These could be early signs that the former Vezina Trophy runner-up is rounding back into expected form and a sign to get on the Devils now before their odds lose value.
2024-25 Stanley Cup Odds Best Value Bet: Winnipeg Jets
As the only undefeated team in the NHL, we must mention the Winnipeg Jets’ long +1800 odds to win the Stanley Cup.
Starting the season 9-1-0 is great, but understand it’s not a fluke. Winnipeg was a 110-point team last season and ended the year on an eight-game winning streak.Â
Winnipeg might not be known as an elite offense finishing 14th in goals last year, but their 4.60 goals per game is currently the best in the league, and with two-time Vezina Trophy winner Connor Hellebuyck in the net that offense will win you a boat-load of games. Since 19-20, Hellebuyck is second in SV% (0.918), ninth in GAA (2.59), and first in shutouts with 24.
They shouldn’t be favorites to win the Cup, but Winnipeg has the pieces (and the goalie) to challenge for a championship.
Last 10 Stanley Cup Winners
| Year | Cup Champions | Opening Odds |
|---|---|---|
| 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 |
| 2015 | Chicago Blackhawks | +700 |
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.
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The 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 a whopping $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 long 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 who haven’t won a Cup. But that’s still under a third of the league, who have yet to put their hands on the Stanley Cup.
Most of the teams on this list have come close. All but Arizona, Columbus, Minnesota, Seattle and Winnipeg have at least appeared in a Stanley Cup Final.
Technically the Ottawa Senators did win a few Stanley Cups, but 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, I’m not going to count those. 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:
- When it comes to picking a favored conference, it’s pretty split – out of the last 10 winners, 60% have been Eastern teams and the West claims 40%.
- The Cup is a repeat-friendly trophy. The Penguins and Lightning have both 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 35-year lifespan. Take a look at the 2023 Bruins – the best record in NHL history with a first-round exit. Yikes.
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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 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.