2025-26 NHL Stanley Cup Final Odds: Avalanche a Growing Favorite
Stanley Cup Final futures odds for 2026 are getting a little makeover, with the season now steaming toward February. The preseason co-favorites – the Edmonton Oilers and Vegas Golden Knights – have long since vacated that spot.
Instead, it's the Colorado Avalanche who continue to be favored in 2025-26 Stanley Cup odds, and by a notable margin.
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
| Time | Bet365 | BetMGM | DraftKings | Caesars | FanDuel | HardRock | RiversCasino | |
|---|---|---|---|---|---|---|---|---|
| |  › |  › |  › |  › |  › |  › |  › | |
| +250 | +220 | +300 | +400 | +230 | +275 | +240 | ||
| +550 | +550 | +475 | +600 | +550 | +550 | +700 | ||
| +850 | +900 | +750 | +700 | +900 | +800 | +900 | ||
| +750 | +800 | +750 | +800 | +750 | +700 | +800 | ||
| +1000 | +950 | +950 | +1000 | +1000 | +1000 | +1100 | ||
| +1100 | +1200 | +1200 | +1200 | +1000 | +1200 | +1100 | ||
| +1600 | +1800 | +1500 | +1400 | +2000 | +1300 | +1300 | ||
| +1800 | +1800 | +1700 | +1800 | +2000 | +2000 | +2000 | ||
| +3000 | +3500 | +2200 | +3000 | +3500 | +2250 | +3000 | ||
| +5000 | +5000 | +5000 | +10000 | +6000 | +6000 | +5000 | ||
| +4000 | +5000 | +5000 | +2500 | +4500 | +4000 | +4000 | ||
|
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2026 NHL Stanley Cup Championship Odds
Lonely at the Top
LATEST UPDATE: Through games of Jan. 21, the scorching-hot Colorado Avalanche are +220 favorites in BetMGM's NHL championship odds. A month ago, the Avs were +325, and in November, they were +450.
One look at the standings will tell you why the Avs are at such a short price at such a relatively early point of the season. Colorado is a ridiculous 34-5-9, getting at least a point in 43 of its 48 games while leading the league with 77 points.
"The Avalanche have an 11-point lead over the team with the second-best record. That is pretty rare to see. It's reflected in the odds, as well, with a 31% implied probability right now to win the Cup," BetMGM trading manager Christian Cipollini said.
"Bettors are still firing away on Colorado. Currently, Colorado has more than double the money of the next closest team. The short price has not kept people away. The Avalanche are now a liability at BetMGM."
After Colorado, the Stanley Cup odds board gets more crowded. The Tampa Bay Lightning (31-13-4, 66 points) are the +650 second choice, followed by:
- Vegas Golden Knights +800
- Carolina Hurricanes +825
- Edmonton Oilers +900
- Florida Panthers +1200
No other team is shorter than +1600. The top five in Stanley Cup futures tickets at BetMGM:
- Avalanche
- Golden Knights
- Hurricanes
- Oilers
- Toronto Maple Leafs
And the top five in money:
- Avalanche
- Oilers
- Panthers
- Maple Leafs
- Golden Knights
"Tampa would be the other team that has had a great month," Cipollini said. "Bettors have not jumped onto Tampa like they have Colorado. Multiple teams at +5000 or higher have taken more money than Tampa."
When the season began, Toronto was No. 1 in tickets and money in BetMGM's NHL futures. But the Leafs are just 24-17-9 so far, sliding out to +4500.
Needs and Liabilities
LATEST UPDATE: So who is BetMGM rooting for at the moment, with the season well into January?
"Right now, the Lightning are the book's best outcome, of realistic teams," Cipollini said. "The Hurricanes, Panthers and Capitals, among others, would be great outcomes for the book."
Washington (24-21-6) is the +3300 ninth choice in BetMGM's Stanley Cup futures odds.
Cipollini went on to note teams that BetMGM is rooting against.
"The Avalanche now have liability. The Oilers, Canadiens, Wild and Maple Leafs are a few others with liability," he said.
The Avs are taking almost twice as many tickets as the Knights, who are No. 2 in bet count. And Vegas is taking more than double the dollars of Edmonton, which is No. 2 in money.
Cipollini said 2025-26 Stanley Cup odds are in a bit of a weird spot right now, making it hard to ID a potential under-the-radar team.
"Hockey can be interesting, with typically more parity than other leagues," Cipollini said. "Look at the standings and the odds board, and you'll see very different things. Detroit has the second-best record right now and is 50/1. Pittsburgh is top-10 in points and is 90/1.
"The Flyers, Ducks, Panthers and Oilers all have similar records right now. But the Flyers are 125/1 and the Ducks 90/1, while the Oilers are 9/1 and Panthers 12/1."
However, Carolina (31-15-4, 66 points) is on Cipollini's radar.
"I'm aware that the Hurricanes have the second-best record, so it's tough to say under the radar. But they have not taken much action and look like a really good team right now," Cipollini said.
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
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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