2025-26 NHL Stanley Cup Futures Odds: Hurricanes Now Slim Favorite
Stanley Cup Final futures odds for 2026 are well into the postseason. And perhaps surprisingly, we have a new favorite.
The Carolina Hurricanes supplanted the Colorado Avalanche atop 2025-26 Stanley Cup odds. But it's not by much, practically a coin toss.
Prediction markets are in the mix, as well, with prediction market apps such as Kalshi offering users a way to trade contracts on odds to win the Stanley Cup.
Below are 2026 Stanley Cup odds from Kalshi. Use our Kalshi promo code to get started by clicking on the module below.
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: James Guillory/Imagn Images)
Stanley Cup Champion Odds
| Time | Bet365 | BetMGM | DraftKings | Caesars | FanDuel | HardRock | RiversCasino | |
|---|---|---|---|---|---|---|---|---|
| |  › |  › |  › |  › |  › |  › |  › | |
| +150 | +155 | +155 | +150 | +150 | +155 | +150 | ||
| +185 | +185 | +185 | +165 | +190 | +190 | +195 | ||
| +600 | +525 | +550 | +535 | +750 | +650 | +800 | ||
| +1100 | +1100 | +1300 | +1300 | +1200 | +1200 | +900 | ||
| +1200 | +1300 | +1300 | +1200 | +1300 | +1200 | +1000 | ||
| +1400 | +1600 | +1600 | +1300 | +1400 | +1400 | +1500 | ||
| +4000 | +4500 | +4500 | +3500 | +3300 | +4000 | +4000 |
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2026 NHL Stanley Cup Championship Odds
Change at the Top
LATEST UPDATE: The scorching-hot Colorado Avalanche entered the postseason as +300 favorites in BetMGM's NHL championship odds. Then the Avs went out and swept the Los Angeles Kings in the first round.
However, the Carolina Hurricanes – who had the NHL's second-best regular-season mark, behind only Colorado – also got a first-round sweep, against Ottawa. Further, the 'Canes are out to a 2-0 lead over the Philadelphia Flyers in a best-of-7 second-round series.
That puts Carolina a game ahead of Colorado, which has a 1-0 lead vs. the Minnesota Wild, as of 3 p.m. ET on Tuesday, May 5. So BetMGM has the Hurricanes as +175 favorites in Stanley Cup futures odds, with the Avalanche right behind at +195.
That could easily flip if Colorado wins Game 2 vs. Minnesota. Regardless, both teams are highly thought of by bookmakers. And bettors really like the Avs.
Colorado is No. 1 in tickets and money in BetMGM's NHL championship futures, by a noteworthy margin. The Avalanche have taken more than twice as many bets as Carolina, which is No. 2 in ticket count.
And Colorado has taken twice as much money as the Vegas Golden Knights and Carolina, who are Nos. 2-3 in money, respectively.
"Colorado is the most-bet team by a wide margin, and the favorite for a majority of the season, as well," BetMGM trading manager Christian Cipollini said. "The short price has not kept people away.
"Currently, we would be a slight winner due to the low price all year. But I'd imagine [liability] will grow, should the Avalanche continue to advance."
Much of the Hurricanes action has been late-arriving, so BetMGM actually continues rooting for Carolina.
"The late bets are no concern, because they're at a pretty short price," Cipollini said. "Carolina is the best outcome for the book right now, and Colorado is another good outcome, probably No. 3."
The first round saw the elimination of a couple key contenders in Stanley Cup odds. The Tampa Bay Lightning began the first round as the +500 co-second choice, along with Carolina. But Tampa bowed out in seven games to Montreal.
The Dallas Stars were the +1000 co-fifth choice entering Round 1, along with Vegas. But Dallas got knocked out in six games by Minnesota, losing three in a row after taking a 2-1 series lead.
The top five in Stanley Cup futures tickets at BetMGM:
- Avalanche
- Hurricanes
- Golden Knights
- Edmonton Oilers
- Buffalo Sabres
And the top five in Stanley Cup money:
- Avalanche
- Golden Knights
- Hurricanes
- Oilers
- Sabres
Edmonton is no longer a concern, though, falling to Anaheim 4-2 in the best-of-7 first-round series. The Oilers reached the Stanley Cup Final each of the past two seasons, losing to Florida each time.
Knight Moves
The Golden Knights are an interesting story at the moment, having fired coach Bruce Cassidy on March 29, with eight games left in the regular season. John Tortorella is leading Vegas for whatever remains of this season.
Prior to Cassidy's firing, the Golden Knights were in a 4-10-2 rut and stood seventh in the Western Conference. Yet BetMGM still had the Knights as the +1500 co-seventh choice in Stanley Cup odds, along with the Sabres.
Now, after beating Utah in six games in Round 1 and taking a 1-0 lead over the Anaheim Ducks in Round 2, Vegas is the +525 third choice in Stanley Cup futures odds.
"Vegas has taken action, being toward the top of the odds all year," Cipollini said.
Sabre-Metrics
LATEST UPDATE: The Buffalo Sabres continue to impress, even leading the Eastern Conference for a period of time in the regular season.
After the March 6 trade deadline, the Sabres leapt from +3600 to +1900 in BetMGM's NHL championship futures. Buffalo entered the playoffs at +1400, then got past the Bruins in six games in the first round.
The Sabres are now the +1200 fifth choice, as of May 5. Buffalo is among the surprises of the season, after opening a distant +15000 (150/1) last summer.
"The Sabres were as high as 200/1 toward the end of November. Plenty of people got them at long odds," Cipollini said. "Right now, they are a loser for the book, and I would expect liability to grow, should they [continue] to advance."
Needs and Liabilities
LATEST UPDATE: Which teams are a legit concern in BetMGM's risk room?
"We want to avoid Montreal and Philadelphia," Cipollini said.
Philadelphia was a distant +6600 in odds to win the Stanley Cup before Round 1. But the Flyers upset the Penguins in the first round, taking the best-of-7 series 4-2. In doing so, Philly improved to +2500 in NHL futures odds.
However, the Flyers now trail Carolina 2-0 in the second round, and their odds have plunged to +6600.
Montreal also posted a first-round upset, taking out Tampa Bay in seven games. The Canadiens opened postseason play at +2500 and are now the +900 fourth choice in BetMGM's Stanley Cup futures odds.
And as noted above, Carolina is a strong preference behind the counter.
"I feel like it's been the same the last few years. The Hurricanes are a great outcome for the book," Cipollini said.
Before the Flyers got into their current 2-0 hole vs. the Hurricanes, Cipollini felt Philly could be an under-the-radar team.
"For the first time, I can finally answer my Flyers," he said. "While I do not think they will win the Cup, anything can happen in the NHL playoffs. The Flyers have been really hot since the Olympic break."
Opening Odds To Win 2026 NHL Stanley Cup Final
The Florida Panthers have won two straight Stanley Cups. Florida opened as the +750 second choice to three-peat, but as noted above, has fallen apart. 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
Popular NHL Futures Markets
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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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