2025 Stanley Cup Odds: MacKinnon & Co. Favored as Round 1 Action Continues

With the playoffs underway, the Avalanche are ahead of the Hurricanes and Golden Knights in the latest Stanley Cup odds.

Kyle LaRusic - Publishing Editor at Covers.com
Kyle LaRusic • Publishing Editor
Apr 23, 2025 • 11:16 ET • 4 min read
Colorado Avalanche NHL
Photo By - Imagn Images. Colorado Avalanche.

The regular season is in the rearview mirror as teams have already begun their Round 1 series.

Sixteen teams are left standing, but it's the Colorado Avalanche who stand above all in the latest Stanley Cup odds.

As the postseason action heats up, check back here to see the latest NHL odds.

🏆 2025 Stanley Cup odds

⏱️ 2025 Stanley Cup odds over time

Here is a look at how the 2024-25 Cup odds have played out so far! Follow each team's journey with our Stanley Cup Playoffs bracket.

Stanley Cup betting splits 

Highest ticket percentage:
•    Avalanche: 12.0%
•    Maple Leafs: 10.4%
•    Golden Knights: 8.5%

Highest handle percentage:
•    Avalanche: 13.1%
•    Maple Leafs: 11.7%
•    Jets: 9.5%

Biggest liabilities:
•    Blues
•    Canadiens
•    Jets

It's no surprise that Colorado and Toronto are dominating the betting action in the latest betting splits from BetMGM. The Avs are a high-profile team featuring two of the league's biggest stars in Nathan MacKinnon and Cale Makar, while the Leafs are among the most public teams in hockey... but also are coming off their first division title in 25 years, sit as the No. 2 seed in the East, and have arguably their most complete roster in the Auston Matthews era.

What is surprising is how little respect the Caps — who finished first in the East — are getting, although it's no surprise that the Blues are a massive liability: Their long-shot odds coming out of the 4 Nations Face-Off, followed by a 12-game win streak down the stretch to sneak into the playoffs, would have made them well worth a sprinkle.


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🤖 AI Stanley Cup prediction

We turned to the enormous computing power of ChatGPT to find out who it thinks will win the 2025 Stanley Cup Final, and it selected the Avalanche without a moment's hesitation. Find out why it's so bullish on Colorado:

The Colorado Avalanche are the best bet to win the 2025 Stanley Cup, thanks to their star-studded roster and overall team depth. Led by superstar Nathan MacKinnon, who had a jaw-dropping 116-point season, alongside elite defenseman Cale Makar, the Avs possess one of the most dangerous cores in the NHL. Their offense is explosive, and their blue line has been solid, creating a well-rounded and dependable defense. Combine that with strong goaltending from MacKenzie Blackwood, who posted a stellar 2.33 GAA and a .913 save percentage, and you have a team that can shut down opponents just as effectively as it can outscore them.

Beyond their on-ice talent, the Avalanche have something just as crucial: a winning culture. Head coach Jared Bednar has led the team to eight straight playoff appearances and guided them to a Stanley Cup championship in 2022. That kind of experience is invaluable in the postseason grind. The team’s mix of veteran leadership and youthful firepower gives them the resilience and adaptability needed to thrive under pressure. If they stay healthy and play to their potential, the Avalanche have every reason to believe they can lift the Cup again in 2025.

Stanley Cup Final exact prediction

Toronto Maple Leafs to defeat Los Angeles Kings (+4500)

Forget all the pain and disappointment the Leafs have had since 1967 in the last 10 years; this year's squad just feels different. The Leafs seem more calm, controlled, and confident in their chances at success — and for good reason.

Toronto hangs its hat on having a structured defense; led by Jake McCabe, Chris Tanev, and Brandon Carlo, the Leafs do not give up a lot of dangerous shots, trusting goaltender Anthony Stolarz (who looks like the best Leafs netminder since Ed Belfour 20 years ago) to make the saves he needs to make — which he has done (and more), finishing fourth among all netminders in goals saved above expected and save percentage above expected.

And oh yes, there is still offensive firepower in Auston Matthews, Mitch Marner, William Nylander, and a revitalized John Tavares, with support from role players and a viable bottom six.

They are poised to make a deep run, where I think they'll face off against the Los Angeles Kings, who weren't the flashiest team in hockey, but boast incredible forward and defensive depth, a mix of veterans still shining (Anze Kopitar and Drew Doughty) with breakouts such as Quinton Byfield, and a bounce-back season from goalie Darcy Kuemper, who finished second in the league with both a 2.02 GAA and .922 save percentage.

Defensive structure, toughness, depth, solid goaltending, and timely scoring — a Stanley Cup winner needs all of these things... and both of these clubs boast that.

Pick made by Jared Hochman on 4/23

Opening Stanley Cup odds

  • Florida Panthers: +1000
  • Dallas Stars: +1100
  • Toronto Maple Leafs: +1300
  • New Jersey Devils: +1300
  • Colorado Avalanche: +1300
  • Carolina Hurricanes: +1300
  • New York Rangers: +1300
  • Edmonton Oilers: +1400
  • Vegas Golden Knights: +1800
  • Vancouver Canucks: +1800
  • Boston Bruins: +2000
  • Los Angeles Kings: +2200
  • Tampa Bay Lightning: +2500
  • Minnesota Wild: +3200
  • Calgary Flames: +3200
  • Pittsburgh Penguins: +3500
  • Ottawa Senators: +3800
  • Buffalo Sabres: +4000
  • Winnipeg Jets: +4000
  • Detroit Red Wings: +4000
  • New York Islanders: +4500
  • Nashville Predators: +5000
  • Seattle Kraken: +5000
  • St. Louis Blues: +5500
  • Washington Capitals: +5500
  • Chicago Blackhawks: +9000
  • Philadelphia Flyers: +9000
  • Montreal Canadiens: +12000
  • Columbus Blue Jackets: +13000
  • Arizona Coyotes: +13000
  • San Jose Sharks: +14000
  • Anaheim Ducks: +15000

📈 Stanley Cup betting trends

Here are some trends you may want to consider before placing a bet on the Stanley Cup.

  • Repeat winners are more common than you think. Since 2010, the Pittsburgh Penguins and Tampa Bay Lightning have successfully defended their Cup once.
  • Top teams from the beginning of the year typically go on to win the Cup. Since 2010, just five teams with odds above +1,000 have gone on to hoist Lord Stanley.
  • In the last 10 seasons, the Western Conference has won six championships to the East's four.
  • The President’s Trophy winner has gone on to win the Stanley Cup just eight times in the 35 years that both trophies have been awarded.
  • A team has won 2+ consecutive Stanley Cups 15 times, most recently the Tampa Bay Lightning in 2020 and 2021.
  • The runners-up have gone on to win the Stanley Cup in the following season only once since 1990 (Pittsburgh Penguins 2009).

👑 Past Stanley Cup winners

Here are the last 15 winners of the Stanley Cup, their odds of winning just before the playoffs began (courtesy of Sports Odds History), and the team that lost in the Stanley Cup Finals.

Season Stanley Cup Winners Odds before playoffs Runner Up
2023-24 Panthers Florida Panthers +800 Oilers Edmonton Oilers
2022-23 Golden Knights Vegas Golden Knights +1,200 Panthers Florida Panthers
2021-22 Avalanche Colorado Avalanche +325 Lightning Tampa Bay Lightning
2020-21 Lightning Tampa Bay Lightning +800 Canadiens Montreal Canadiens
2019-20 Lightning Tampa Bay Lightning +650 Stars Dallas Stars
2018-19 Blues St. Louis Blues +1,250 Bruins Boston Bruins
2017-18 Capitals Washington Capitals +1,225 Golden Knights Vegas Golden Knights
2016-17 Penguins Pittsburgh Penguins +770 Predators Nashville Predators
2015-16 Penguins Pittsburgh Penguins +650 Sharks San Jose Sharks
2014-15 Blackhawks Chicago Blackhawks +800 Lightning Tampa Bay Lightning
2013-14 Kings Los Angeles Kings +1,400 Rangers New York Rangers 
2012-13 Blackhawks Chicago Blackhawks +400 Bruins Boston Bruins
2011-12 Kings Los Angeles Kings +2,200 Devils New Jersey Devils
2010-11 Bruins Boston Bruins +800 Canucks Vancouver Canucks
2009-10 Blackhawks Chicago Blackhawks +450 Flyers Philadelphia Flyers

As the Lightning appear set to fade a bit, the Panthers have reached consecutive Cup Finals and are favored to do it again next year.

🥅 NHL teams with the most Stanley Cups

Team Stanley Cup wins Stanley Cup appearances
Canadiens Montreal Canadiens 24 35
Maple Leafs Toronto Maple Leafs 13 21
Red Wings Detroit Red Wings 11 24
Bruins Boston Bruins 6 20
Blackhawks Chicago Blackhawks 6 13
Oilers Edmonton Oilers 5 8
Penguins Pittsburgh Penguins 5 6
Islanders New York Islanders 4 5
Rangers New York Rangers 4 11
Avalanche Colorado Avalanche  3 3
Devils New Jersey Devils 3 5
Lightning Tampa Bay Lightning 3 5

The Habs have a comfortable lead in the clubhouse but haven't hoisted Lord Stanley's Cup since 1993 — the last Canadian-based team to do so.

Stanley Cup Odds FAQs

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Kyle LaRusic - Covers
Publishing Editor

Kyle LaRusic joined Covers in 2020 with a Holland College diploma in Journalism and a Mount Saint Vincent Degree in Public Relations. Stints at Amherst News and the Cape Breton Post helped sharpen his skills in a newsroom setting, while working for MSVU and Dalhousie’s athletic departments landed Kyle in his comfort zone.

Kyle has been an avid bettor for over five years, starting with just one Sports Interaction account before discovering both the beauty and importance of price shopping. bet365 and Pinnacle are his go to books, but accounts at 10+ sportsbooks give him an array of options. “Rusty” will bet on anything under the sun as long as there’s value and good reasoning behind it, but NHL and NFL are his two favorite leagues to watch and wager on — especially with friends.

Kyle’s biggest tip for any bettor is simple: gamble responsibly. Only bet what you’re willing to lose and make sure to install a proper bankroll method to keep track of your ROI. If you’re still dwelling on the amount you lost the next day, it’s time to decrease your spending.

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