2025-26 NHL Stanley Cup Final Odds: Oilers, Golden Knights Favorites
Stanley Cup Final futures odds for 2026 represent a fresh start for everybody. And the two-time defending champion isn't the favorite.
As the regular season begins, the defending Western Conference champion Edmonton Oilers and Vegas Golden Knights are favored in 2025-26 Stanley Cup futures odds.
Below are NHL odds to win the Stanley Cup from an array of books, followed by oddsmaker insights. Check back regularly for updates and use our BetMGM bonus code to get the most out of your action on 2026 NHL championship odds.
(Feature image: David Kirouac/Imagn Images)
Stanley Cup Champion Odds
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2026 NHL Stanley Cup Championship Odds
Crowded At The Top
LATEST UPDATE: As of Oct. 7, opening day for the regular season, NHL championship odds for 2026 have a gaggle of teams bunched closely at the top. Seven teams are +1100 or shorter in Stanley Cup futures.
The Edmonton Oilers, runner-up the past two seasons, and the Vegas Golden Knights are +800 co-favorites in BetMGM's Stanley Cup Final odds. Edmonton opened as the +650 favorite, while Vegas opened +1200.
Shortly after these odds posted in June, the Colorado Avalanche moved from the +800 third choice to the +600 favorite. Now, Colorado is the +850 co-second choice, along with the Carolina Hurricanes.
"The Avalanche and Golden Knights are two very popular teams this year, trending to more bets lately," BetMGM trading manager Christian Cipollini said.
The Dallas Stars are the +900 fifth choice. Then come the two-time defending champion Florida Panthers at +1100, joined by the instate rival Tampa Bay Lightning. The Panthers opened as the +750 second choice, the Stars opened +850 and the Lightning +1500.
But none of the above teams are the most popular in tickets and money at BetMGM. Rather, the +1600 ninth choice Toronto Maple Leafs are No. 1 in bets and dollars in 2025-26 Stanley Cup odds.
Following Toronto in tickets:
- Avalanche
- Panthers
- Golden Knights
- Hurricanes
And rounding out the top five in money:
- Panthers
- Avalanche
- Knights
- Hurricanes
Bettors had little interest in Florida the past two seasons, but that's changed to a degree for the 2025-26 campaign.
"A little bit, as the Panthers are the second-most-bet-on team, by tickets. The majority of that came right after the 2025 Cup Final ended," BetMGM trading manager Christian Cipollini said. "Action is slowing down as of late, with the Aleksander Barkov news."
Indeed, Barkov tore the ACL and MCL in his right knee during a recent practice. At a minimum, the Panthers captain/center won't return until the postseason.
Needs and Liabilities
So who is BetMGM rooting for at the moment, with the season about to start?
"The book would be happy with the Hurricanes, Stars, Lightning and Devils as of now," Cipollini said. "The Golden Knights, Avalanche and Maple Leafs are the top three in liability. The Oilers and Panthers also have liability, but are closer to break-even."
New Jersey is the +1400 eighth choice in Stanley Cup odds.
Cipollini also mentioned a trio of under-the-radar outfits.
"From a betting perspective, the Canadiens are a long-shot team that has taken bets and whom we have liability on," he said. "The Blues and the Wild have taken some bets, as well. Outside of that, bettors really haven't been flocking to many long shots so far."
Montreal opened +8000 and has improved to +5000 in Stanley Cup futures. Minnesota opened +3500, and that's where the Wild sit now. St. Louis opened +4000 and now joins Montreal at +5000.
Opening Odds To Win 2026 NHL Stanley Cup Final
The Florida Panthers have won two straight Stanley Cups and are going for a third. Florida opened as the +750 second choice to three-peat. The Edmonton Oilers have lost two straight Cup Finals, but opened as the +650 favorite to win next season.
Opening odds for all teams, from BetMGM:
- Edmonton Oilers: +650
- Florida Panthers: +750
- Colorado Avalanche: +800
- Dallas Stars: +850
- Carolina Hurricanes: +900
- Vegas Golden Knights: +1200
- Tampa Bay Lightning: +1500
- New Jersey Devils: +1800
- Los Angeles Kings: +2000
- Toronto Maple Leafs: +2000
- Winnipeg Jets: +2200
- Washington Capitals: +2800
- New York Rangers: +3000
- Ottawa Senators: +3300
- Minnesota Wild: +3500
- St. Louis Blues: +4000
- Utah Mammoth: +4000
- Vancouver Canucks: +5000
- New York Islanders: +6600
- Columbus Blue Jackets: +8000
- Montreal Canadiens: +8000
- Calgary Flames: +9000
- Nashville Predators: +9000
- Boston Bruins: +10000
- Detroit Red Wings: +10000
- Philadelphia Flyers: +10000
- Anaheim Ducks: +15000
- Buffalo Sabres: +15000
- Pittsburgh Penguins: +20000
- Seattle Kraken: +30000
- Chicago Blackhawks: +50000
- San Jose Sharks: +50000
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How To Bet On NHL Futures
Many pundits believe that the Stanley Cup is the hardest trophy to win in professional sports and that’s not usually a good for bettors placing NHL Future wagers but at the same time, the payoff can be great.
The NHL Futures market in pro hockey is a simple bet and can be defined as an “Odds to win” wager. Bettors must correctly select a team to win an event that takes place a later time in the year or season. The money placed on the future wager will be locked in with a sportsbook and bettors will receive fixed odds at the time of the wager. NHL Futures can be bet on before and during the season, depending on when the sportsbooks post their future odds.
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Player Awards
The Hart Memorial Trophy is a popular NHL future wager for players. This award is given to the Most Valuable Player in the NHL regular season. The Conn Smythe Trophy is another top betting market and that award is for the MVP of the NHL Playoffs.
How Do I Bet On The Stanley Cup?
Players can bet on the Stanley Cup at all legal sportsbooks in the United States. Visit our list of legal sportsbooks in the United States for more information on where you can place NHL bets, or visit our pages:
bet365 | BetMGM | Caesars Sportsbook | DraftKings | FanDuel | FOX Bet | PointsBet | Unibet | Best US Sportsbooks
When betting on futures, the wager is based on simple math and very friendly to novice bettors. To figure out your Win Amount, take the odds and multiply by the amount wagered.
Ex. Boston Bruins (10/1) to win the NHL Stanley Cup Finals.
The Bruins are listed as a 10/1 betting choice to win the Stanley Cup Finals. If you bet $100 on Boston to win the Stanley Cup Finals and it captures the championship, then you would win $1,000 (10 ÷ 1 x 100).
You would collect $1,100, which includes your win and stake ($100). The stake is often referred to as the wager or monies placed on your future odds wager. Players reading American Odds would see Boston as +1000 in the above example while the Decimal version on the Bruins would be 11.00.
One of the best features about betting on the Stanley Cup is that you can do it year-round and more than half (16) of the 31 teams in the league will make the playoffs. Every NHL bettor knows that if you make the postseason, then you’ve got a shot to cash your Stanley Cup future odds ticket.
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