Updated Stanley Cup Odds for all 16 Teams in 2025 NHL Playoffs

• The Stanley Cup Playoffs begin Saturday, April 19th with 16 teams competing for glory
• Florida and Colorado are co-favorites to win Lord Stanley
• See the odds for all 16 playoff participants and my pick to win below

The battle to be crowned Stanley Cup champion in 2025 is finally upon us, with 16 teams duking it out for ultimate bragging rights. The Florida Panthers, who are defending Stanley Cup Champions, are co-favorites in the Stanley Cup odds, along with the Colorado Avalanche.

Is there a possible sleeper team that could go on a magical playoff run to upset the apple cart and blow up fans’ NHL Playoff Bracket? Below I’ll list the odds for all 16 NHL teams that have made it to the postseason and offer up a selection that could skate away as champions in June.

2025 Stanley Cup Odds

Florida, who won in 2024 and was a finalist in 2023, are co-favorites with 2022 champion Colorado. Dallas and Vegas are tied for the third shortest odds, and Edmonton, who lost the Cup Final last year to the Panthers, rounds out the top-five.

Odds as of April 17, 2025 at 9:30 pm PT at Caesars Sportsbook.

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Stanley Cup Favorites 2025

The Florida Panthers are a seasoned bunch, having made the Stanley Cup Final in the last two seasons. They were a middle-of-the-road team in terms of goal scoring, and have had to deal with quite a few injuries to key players.

Matthew Tkachuk hasn’t played since the 4 Nations Face-Off in February (groin). Blueliner Aaron Ekblad was suspended 20 games for violating the terms of the NHL/NHLPA Performance Enhancing Substances Program. That suspension will keep him out of the first two games against the Lightning.

Based on their last two seasons, their reputation is so high that oddsmakers feel they’ll figure it out come crunch time, despite being third in the Atlantic Division.

The Avalanche are a fantastic squad, who really found their groove halfway through the campaign. The problem with backing them is they face the Dallas Stars in the first round, which is a titanic matchup that could see them ousted early. The Avs, led by Nathan MacKinnon (second in the NHL in points), and brilliant blueliner Cale Makar (led all d-men in points), are sixth in scoring, and 13th in goals against.

The latter is a bit misleading, considering they were fourth worst in goals allowed per game in mid December – they then traded for Mackenzie Blackwood, and after that, improved to third since his arrival.

Stanley Cup Longshot Pick

The group I’m laser focused on is the Carolina Hurricanes, among teams that aren’t favorites. On the season, they’re inside the top-ten in goals per game and goals against per contest. The power play is lacking, ranking 26th, yet they have the top penalty kill in the game.

At Caesars, they are the seventh choice to win it all (+1100), but at a different book on Fanduel, they are the +650 favorites. So why the discrepancy in variance of odds? Caesars likely views them as the team that hasn’t been able to get over the hump, last making the Cup Final in 2006 (winning vs Edmonton). However, the Canes are priced as faves because they could find themselves with a far easier path than the Atlantic Division teams.

Carolina faces the Devils, who were eight points worse than them this year, then gets the winner of the Capitals and Canadiens. If Montreal pulls off the upset, the Canes draw the worst team of the 16 teams in the postseason.

If Washington advances, they’ve only been past the second round once in the 19 years with Alex Ovechkin, the year they won their cup in 2017-18. That could bode well for the Canes. If things break right, then Carolina would face a likely beat up team in the East Final from the Atlantic and a possible war among West teams just to make the final.

Pick:

• Carolina Hurricanes (+1100 at Caesars)