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NCAA CFP
Last Updated: January 1, 2025 4:23 PM EST • 6 min 5 sec read.
While none of the primary Stanley Cup odds favorites have returned from Christmas break in top form, the Edmonton Oilers remain the apex predator at our best NHL betting sites entering 2025. 
The Florida Panthers have moved into second-spot, but it’s a logjam thereafter, with six teams trading between +1000 and +1300 at our best sportsbooks. The likely suspects are among that pack, including the Dallas Stars, who have pepped up since returning from Christmas.  
The Stars, Hurricanes, and New Jersey Devils are neck and neck, with the Colorado Avalanche, Toronto Maple Leafs, and Vegas Golden Knights just behind. 
The Washington Capitals, who just got Alexander Ovechkin back into the lineup, still offer the best value. 
Here are some noteworthy takeaways from the odds thus far:  
The Oilers are now the team I expected before the season started. They are getting prolific offensive production from their stars (no surprise there), with Connor McDavid, Leon Draisaitl, and Zach Hyman seemingly padding their stats at will.
Hyman has scored six in the last nine games. Draisaitl, the Rocket Richard Trophy odds favorite, leads the league with 27 goals and has 10 in his last 12, while Connor McDavid is on a 12-game point streak, notching 23.
The support crew is also starting to chip in regularly, and the team is playing sound defensive hockey. Despite their recent consecutive losses, they’re dominating most games and have the third-best Corsi rating (53.59%), behind other contenders Florida (54.46%) and Carolina (59.35%).
And it doesn’t matter where they play, as the Oilers have won nine of the last 10 at Rogers Place are tied for the fourth-best road points percentage (.667) since Oct. 30.
Their odds shortened, too, moving from +850 to +800.
Best odds: +800 via BetRivers | Implied probability: 11.11%
The Great 8 returned to score a goal against the Toronto Maple Leafs. He has two goals in three games since returning from injury and should help the Capitals maintain their record as one of the best teams. 
Washington went 10-5-1 without Ovechkin. 
Their +2500 Stanley Cup odds at our best sportsbooks — which have shortened from +3000 over the last seven days — represent the best Stanley Cup futures value.
The Jack Adams odds favorite, Spencer Carbery, has done a masterful job pulling the strings in his first year as the team’s head coach. And they should be galvanized and buoyed by Ovechkin’s return. 
I am still concerned about this team’s ability to consistently win in the long term and have a sneaking suspicion that a gradual recession is forthcoming after the initial surge Ovechkin will almost invariably provide. 
Best odds: +2500 via DraftKings | Implied probability: 3.85%
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There’s a quick caveat to the NHL Draft order, as the team that finishes last in the standings doesn’t automatically get the No. 1 draft pick. The NHL draft lottery features the 16 teams that do not make the Stanley Cup playoffs.
Teams can move as many as 10 spots up the NHL draft order compared to where they finished in the regular season standings.
Therefore, 11 teams are in the mix for the No. 1 pick. However, the last-placed team is more likely to secure the first pick.
*Teams in the running for the No. 1 pick 
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 favorites. Their best odds stand at +800, representing an implied win probability of 11.11%, 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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