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Last Updated: December 3, 2024 4:07 PM EST • 6 min 22 sec read.
The Edmonton Oilers are still hanging on to their status as Stanley Cup odds favorites. However, their once notable lead atop the oddsboard has vanished, with the Florida Panthers, Dallas Stars, and Carolina Hurricanes gaining. 
The Oilers appear to be back on the right track after winning seven of their last 10 thanks to Connor McDavid and Leon Draisaitl. 
The Toronto Maple Leafs and New Jersey Devils deserve to be mentioned among the creme de la creme too, with the former getting the second-shortest odds at bet365. 
The Oilers are the Stanley Cup odds favorites or co-favorites across our best NHL betting sites, but there’s no more wiggle room for a team that’s been struggling to find consistency. 
Here are some noteworthy takeaways from the odds thus far:  
It might be the longest corner in history, but the Oilers finally appear to be turning it. They’ve won seven of their last 10 games and look better in every facet. That includes their penalty kill, which has jumped from 60% efficiency to 72% in recent weeks. 
The turnaround also comes unsurprisingly thanks to their two megastars.
Edmonton is scoring on a higher percentage of its chances and getting more consistent goaltending, particularly from Stuart Skinner.
While they still produce a dud sometimes, that’s happening far less often. There’s a ton of positive regression on the horizon for this team too, especially for a power play that’s still underperforming.
Their odds at Caesars lengthened from +950 to +1100 in the last two weeks of November, offering an ideal chance to pull the trigger and jump aboard the Oilers’ bandwagon. While they’re progressing slowly, I have no doubt the team will be rounding into top form as the playoffs near. 
Best odds: +1100 via Caesars | Implied probability: 8.33%
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A regression was bound to happen. It’s unavoidable in a league with such parity. And the Jets have felt the full brunt of it lately, losing three straight and four of the last five. 
Winnipeg’s road record has dropped to 9-6-0 after losing three consecutively and four of the previous five in enemy rinks. However, they still boast the league’s best home record (9-1-0), and their recent road woes won’t persist. 
They’re 10-2-0 when scoring first, highlighting just how crucial that is for this team. That shutdown persona is primarily rooted in an excellent defense and Vezina Trophy odds front-runner Connor Hellebuyck, who has produced the second-most goals saved above expected (13), via MoneyPuck.com.
FanDuel is offering +1800 Stanley Cup odds for Winnipeg. Backing the Jets is worth a crack at that price. 
Best odds: +1800 via FanDuel | Implied probability: 5.26%
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A curse worse than being on the cover of the Madden video game? Yeah, that might just exist. 

The NHL awards the Presidents’ Trophy to the team with the best regular-season record, which rarely leads to winning the Stanley Cup.
The last time a team finished with the best regular-season record and hoisted Lord Stanley’s Cup was over a decade ago in 2012-13, when the Chicago Blackhawks achieved the double. 
But you can bet on which team will drive for show in the regular season and fail to putt for dough in the postseason.
Here’s a look at the number of Stanley Cups won by division since the NHL adopted the four-division format for the 2013-14 season.
Stanley Cup odds reflect the probability of each NHL team winning the championship and are typically presented in American odds format (+XXX). Lower odds signify a higher probability, while higher odds indicate a lower probability.
For example, a $100 bet at +500 odds would win you $500, plus your original $100 stake, totaling $600. 
A team with +750 odds to win the Stanley Cup is given an 11.76% implied probability of doing so with a $100 winning bet returning a $750 profit, plus your $100 stake ($850 total). 
A team with +1500 odds would have higher or longer odds, and a lower implied probability of 6.25%, but a win on a $100 bet would return a profit of $1,500 if it hits.
There are many facets to take into consideration when making your Stanley Cup futures bet or bets, including the following: 
Roster and personnel updates: Injuries, suspensions, and, to a lesser extent, hot and cold streaks of a team’s most influential players all impact a team’s Stanley Cup futures odds. Also, make sure the roster isn’t too old or too young. Both can have severe implications in the playoffs. 
Playoff experience: It’s best to back a team with players suited for the NHL playoffs or a wealth of playoff experience. For example, Matthew Tkachuk is born to play in the postseason, usually elevating his level at the most meaningful time of year.
He has all the attributes required to thrive in the playoffs, including an ability to handle, even dominate, the physical rigors of a two-month postseason run. 
The Vancouver Canucks were one of the 2023-24 Stanley Cup favorites midway through last season. However, they had a palpable lack of playoff experience, with only two players who’d previously won a Stanley Cup. Avoid backing teams like that as your futures pick.
Compare sportsbook prices: Find the sportsbook offering the best value on your Stanley Cup futures pick. Also, lock your pick in when you feel the odds are at their highest.
For example, if you believed in the Edmonton Oilers throughout the 2023-24 season, regardless of form, it would have been best to place the wager when the team fired former head coach Jay Woodcroft.
That was when they hit rock bottom, which would have yielded longer odds and a higher potential return. 
The Edmonton Oilers are the 2024-25 Stanley Cup odds favorite. You can find the best odds at Caesars (+1100). Those odds represent an implied win probability of 8.33%, according to our odds converter.
The Florida Panthers defeated the Edmonton Oilers in seven games, winning 2-1 in Game 7 on home ice to claim the Stanley Cup last year. 
The NHL playoffs began on Saturday, April 20, 2024. Expect them to start around the same time this season.
The 2024 Stanley Cup Final began Saturday, June 8 and finished on June 24. Those are rough dates to expect the 2024-25 final to be played.

The 1942 Toronto Maple Leafs rallied from a 3-0 deficit to topple the Detroit Red Wings and win the Stanley Cup, becoming the only professional North American sports franchise to pull off that feat.
The Edmonton Oilers forced Game 7 in the 2023-24 Stanley Cup Final, but lost 2-1 on the road.
The regular season will officially begin on Oct. 4, 2024, when the Buffalo Sabres and New Jersey Devils play the first of two games in Prague.
Florida will begin its season against Boston on Oct. 8, 2024, the first night of regular-season hockey on North American soil. 
The Tampa Bay Lightning won back-to-back Stanley Cups in 2020 and 2021. Previously, the Pittsburgh Penguins won it in 2016 and 2017, and the Detroit Red Wings in 1996 and 1997. 
The New York Islanders were the last team to win the Stanley Cup in three successive seasons. They won four in a row from 1980 to 1983. 
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