NHL Stanley Cup 2025-26 Odds and Predictions: Will the Panthers Three-peat?

NHL Stanley Cup 2025-26 Odds and Predictions: Will the Panthers Three-peat?

The 2025-26 Stanley Cup odds have seen a major shake-up, with a new favorite taking the top spot since the season began in October. While defending champions, the Florida Panthers, are struggling to find their rhythm, the Colorado Avalanche have been on fire during the first two months.

Head below to find the latest betting odds, analysis of the top favorites, and Stanley Cup predictions.


Stanley Cup 2025-26 Betting Odds

Here are the latest Stanley Cup winner odds, courtesy of Bovada:

TEAM ODDS
Colorado Avalanche +285
Carolina Hurricanes +600
Tampa Bay Lightning +775
Vegas Golden Knights +860
Edmonton Oilers +950
Florida Panthers +950
Dallas Stars +1100
Washington Capitals +1800
Minnesota Wild +2000
Los Angeles Kings +3300

The Florida Panthers (+950) opened as +600 favorites to win a third straight title but have slipped to third. Their implied odds have decreased from 14.3% to 9.5%, yet they remain in the top five teams at leading NHL betting sites despite a slow start.

As of January 8, the Panthers share +950 odds to win the Stanley Cup, tied with the team they beat for the Cup the last two years, the Edmonton Oilers.

Meanwhile, the Colorado Avalanche (+285) have surged to the top of the odds board, creating a significant gap between themselves and the rest of the league. Back in mid-November, the Avalanche stood at +600, but their odds have since shortened to +285, or an implied shift from 14.3% to 26%.

The Carolina Hurricanes (+600) continue to hold the second-best odds to win the Stanley Cup in 2025-26. At +600, the Hurricanes’ price has improved slightly from +725 since mid-December. The Tampa Bay Lightning’ (+775) odds are also moving up, with a change from +875 to +775 over the last three weeks.

You can find up-to-date NHL Stanley Cup 2025-26 odds at Bovada by navigating to All Sports > Hockey > Stanley Cup.

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NHL Stanley Cup 2025-26 Favorites

The top three teams are attractive options, but are any of them worth considering for your NHL Stanley Cup picks? Let’s delve into all the details for each contender below:

Colorado Avalanche – The Most Stacked Team in the NHL?

    • Head Coach: Jared Bednar
    • 2024-25 Record: 49-29-4 (Loss First Round)
    • Stanley Cup Titles: 3
    • Key Players: Nathan MacKinnon, Martin Necas, Cale Makar, Artturi Lehkonen

After a disappointing first-round exit last season, the Colorado Avalanche have surged to an impressive start in the 2025-26 campaign. Boasting an 31-4-7 record and 69 points, they currently lead the Central Division. With only four losses in regulation, the Avalanche have passed every test through the first two months of the season.

Through 42 games, the Avalanche offense has tallied 167 goals, an average of 3.95 per game, the best in the NHL by a considerable mark, with the Lightning in second with 3.45 goals scored. Their attack is relentless, and the scoring contributions aren’t just coming from the forwards.

Two-way defenseman Cale Makar stands out as one of the league’s most impactful offensive players. Makar can score, move the puck efficiently, and create opportunities for his teammates. He arguably ranks among the NHL’s most complete players, not just on defense.

Makar is third on the team with 48 points, just behind center Martin Necas, who has tallied 53 points to open the 2025-26 campaign.

Early Hart Trophy favorite, Nathan MacKinnon, has excelled in his role as the top center for the Avs. MacKinnon has been outstanding, recording 35 goals and 39 assists in 42 games to lead the league in points with 74. With Makar as the Norris Trophy frontrunner and MacKinnon contending for the Hart Trophy, the Avalanche are in top form.

The addition of Necas in a trade with the Hurricanes last year, and emergence of Atturi Lehkonen has provided a spark as well.

While Gabriel Landeskog doesn’t have the same impact he did before the injury, his presence in the locker room and on the ice gives the team a boost. He is starting to feel more comfortable and shake off the rust, so I expect him to play more of a role offensively later in the season.

Besides their electric offense, the Avalanche defense has also been stellar. They rank first in the league on defense, allowing only 2.21 goals per game, for a considerable edge on the Kings, who have given up 2.63 goals per game this season.

Goalie Scott Wedgewood has been excellent as well, with a 2.20 GAA and a .917 save percentage. Mackenzie Blackwood had been playing well, too, but he’s been dealing with injuries finding it difficult to stay on the ice.

Keep your eyes on the Avalanche, as they’re poised to be favorites all season!

Carolina Hurricanes – Was Ehlers the Missing Piece?

    • Head Coach: Rod Brind’Amour
    • 2024-25 Record: 47-30-5 (Loss ECF)
    • Stanley Cup Titles: 1
    • Key Players: Sebastian Aho, Seth Jarvis, Nikolaj Ehlers, Andrei Svechnikov

The Carolina Hurricanes will try to get over the hump after exiting the Eastern Conference Final in five games a season ago. Are they a different team from the last seven years? The Hurricanes have gone to the postseason every year since the 2018-19 campaign. It doesn’t appear that trend is set to be disrupted in 2025-26.

All of their previous playoff attempts over the last six years have ended in disappointment, which includes three unsuccessful trips to the conference finals. It was the same story for the Hurricanes in 2024-25, as the Florida Panthers made easy work of Carolina. What changes this season?

Fortunately, the Hurricanes addressed a huge need on the first line. There was an upgrade available on left wing, and the front office took note. The Hurricanes managed to ink one of the most prized free agents in the offseason.

Former Winnipeg Jet, Nikolaj Ehlers, signed a six-year, $51 million contract to play for the Hurricanes. Ehlers didn’t get off to a hot start offensively but is heating up recently. He has scored 11 goals and 23 assists in 43 games. With a +6 rating, Ehlers is having a solid campaign with his new team.

It certainly looks like inking Ehlers is going to pay off huge dividends for the ‘Canes, particularly in the playoffs where the added depth and experience will be appreciated.

In 43 games, the Hurricanes are 26-14-3 with 55 points in the Metropolitan Division, leading the New York Islanders by three points. As Ehlers continues to get more comfortable in a new system, the Hurricanes should be in good shape in the second half.

The defense will have to show more before backing them for my Stanley Cup picks, though. Defense is what wins championships, and the Hurricanes have looked soft at times. Currently, they’re allowing three goals per game, for the 13th-best number in the NHL.

Frederik Andersen, who is supposed to be the No. 1 netminder, has been mediocre in the crease, with a 3.43 GAA and 0.867 save percentage in 17 starts. He needs to be stronger, but I have some confidence in Andersen turning a corner.

That being said, his number has continued to fall over the last month, and Brandon Bussi has been the top option. Bussi has been more reliable, posting a 2.29 GAA and 0.906 save percentage in 18 outings. We’ll see if the Hurricanes’ defense can stabilize, but their effort makes me hesitate to make them my top Stanley Cup winner pick.

Tampa Bay Lightning – Will the Bolts Continue to Surge?

    • Head Coach: Jon Cooper
    • 2024-25 Record: 47-27-8 (Loss First Round)
    • Stanley Cup Titles: 3
    • Key Players: Nikita Kucherov, Jake Guentzel, Brandon Hagel, Darren Raddysh, Andrei Vasilevskiy

The Tampa Bay Lightning have surged to the top of the Atlantic Division in January. The three-time Stanley Cup champions are riding an eight-game winning streak, highlighted by a 4-2 victory over the Avalanche.

Jon Cooper’s squad is brimming with confidence right now, but the question remains: can they sustain this form?

It’s been a streaky season for Tampa Bay. The Lightning opened the year with seven wins in their first eight games, then stumbled with four straight losses and seven defeats in their next nine contests before catching fire again on their current run.

Nikita Kucherov and company have been on a roller coaster, but one thing hasn’t changed: the Lightning remain a dangerous team loaded with playoff experience. Tampa Bay captured back-to-back Stanley Cups in 2020 and 2021, and many core pieces from those championship rosters are still in place, including Kucherov, Brayden Point, and Andrei Vasilevskiy.

The 32-year-old Kucherov has recorded 20 goals and 41 assists, leading the Lightning with 61 points. He’s locked in offensively, with Jake Guentzel sitting second on the team with 44 points in 2025-26. Overall, Tampa Bay ranks second in the league with an average of 3.45 goals per game this season.

On the back end, the team in front of Vasilevskiy has held up well. The Lightning rank fourth in goals against, allowing just 2.64 per game. Vasilevskiy is having another stellar campaign, posting a 2.34 GAA and a .914 save percentage.

If Tampa Bay heats up at the right time this spring, their experience gives them a legitimate chance to capture another Stanley Cup. And if their Stanley Cup futures odds drift above +800, it could be worth at least a small wager.


Best 2025-26 Stanley Cup Sleepers

The NHL Stanley Cup betting odds indicate it’s going to be a wide-open season! Despite the same champion in consecutive years, parity dominates the NHL.

With this in mind, I recommend checking out my best longshot Stanley Cup 2025-26 picks:

  1. 1. Los Angeles Kings (+3300)

    At +3300, the Los Angeles Kings offer excellent value in the Stanley Cup futures market. Backed by their trademark tough, gritty defense, they’re well worth consideration at such a generous price.

    Through 41 games, the Kings rank second in the NHL defensively, allowing just 2.63 goals per game. They sit at 18-14-9 with 45 points. The offense has been inconsistent, but if they can make the right move at the trade deadline, this should be a playoff team.

    Offensive depth has been their downfall in recent years, but they look strong enough now to be buyers at the deadline. Add a playmaker or two, and the Kings suddenly become a very appealing Stanley Cup sleeper.

    One of the reasons is that netminder Darcy Kuemper has the talent to steal games when it matters most. Kuemper owns a 2.32 GAA and a .912 save percentage, so if management can bolster the attack, there’s a lot to like. At +3300, the Kings are worth at least a small wager.

  2. 2. Washington Capitals (+1800)

    I can’t believe the Washington Capitals have +1800 odds to win the Stanley Cup. That’s a great value for a team in excellent form to start the season. The betting public hasn’t caught up yet, so I recommend taking the Capitals at +1800 before the odds shift.

    The Capitals are off to a strong start, holding a 22-15-6 record and 50 points. They lead the Metropolitan Division, holding a slight edge over the Carolina Hurricanes and New York Islanders. Capitals’ goaltender Logan Thompson is currently one of the top favorites to win the Vezina Trophy after his outstanding start to the season.

    Thompson has posted a 2.37 GAA and a 0.915 save percentage through 30 games. As a team, the Capitals rank seventh in the NHL, allowing an average of 2.79 goals per game. Their defense has tightened up, while offensively, they sit eighth in scoring at 3.30 goals per game.

    The Capitals have flown under the radar, but now, with Alexander Ovechkin focusing solely on winning another Stanley Cup rather than chasing the goalscoring record, they’re a top pick at +1800.


NHL Stanley Cup 2025-26 Predictions and Betting Pick

Before Barkov’s season-ending injury, I believe there was a case to be made for the Panthers to three-peat. However, he is simply too important for them to be missing in the playoffs. While they can still make a deep run, Barkov’s elite two-way contributions leave a significant void in the lineup.

The Avalanche have everything necessary to contend for the Stanley Cup: elite offensive talent and the ability to win defensive battles. MacKinnon and Necas give Colorado two star centers to anchor their top lines.

Together, they form a formidable 1-2 punch at center, unmatched by most teams. The Avalanche also boast the league’s best defenseman, Makar, who remains ambitious and appears even stronger than in 2024-25 after winning the James Norris Trophy last season.

With Wedgewood solid in goal, the Avalanche have a winning recipe for the Stanley Cup. I backed the Avalanche at +650 in November, which was too good to pass up. Even with lower odds at +285, I still recommend betting on Colorado to win this season.

The Bet
Colorado Avalanche
+285


Where to Bet on the 2025-26 NHL Stanley Cup Odds?

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About the Author
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Kyle Eve
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Kyle Eve is Editor-in-Chief of The Sports Geek, providing reliable analysis for millions of readers since joining the team in 2012. After placing his first sports bet on his 18th birthday, Kyle has devoted his entire adult life to becoming the best bettor he can be. He’s covered some of the biggest sporting events in the world, from the Super Bowl and World Series to the NBA Finals and Kentucky Derby. Kyle lives in Windsor, Ontario.
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