Stanley Cup Odds & Favorites 2024: Stars, Panthers Favorites Following Second Round
The Stanley Cup odds from our best NHL betting sites fluctuate significantly with every game played as we head into the conference finals.
The Dallas Stars and Florida Panthers both took care of business in the second round to advance to the conference finals in the NHL playoffs. They remain the favorites to take home the Stanley Cup across our best sports betting sites.
The Carolina Hurricanes long held the favorite role, but the New York Rangers knocked them out in the second round with a Game 6 victory on Thursday. With the Panthers beating the Boston Bruins in Game 6 to take the series on Friday, Florida will play the Rangers in the Eastern Conference Final.
In the West, the Stars took down the Colorado Avalanche in Game 6 with a 2-1 overtime win to advance to the conference finals. After a knock-down-drag-out series, the Edmonton Oilers knocked off the Vancouver Canucks in seven games to join the Stars in the Western Conference Finals.
We're breaking down the latest Stanley Cup odds below.
Stanley Cup betting odds 2024
(Stanley Cup odds as of May 21)
| Team | DraftKings | FanDuel | BetMGM | Caesars | bet365 |
|---|---|---|---|---|---|
| Panthers | +215❄️ | +230 | +225 | +240 | +270 🔥 |
| Stars | +260 🔥 | +230 | +225 ❄️ | +230 | +230 |
| Oilers | +280 | +260 | +280 | +275 | +240 ❄️ |
| Rangers | +400 🔥 | +360 | +320 ❄️ | +375 | +350 |
2024 Stanley Cup favorites
Stars (+260 via DraftKings)
The Stars have been all over the oddsboard since the postseason began. They opened the postseason at +900, quickly found themselves down 2-0 to the Vegas Golden Knights, and plummeted. However, Dallas rallied on the road and turned the tides on the series.
Dallas plummeted again to start the second round, dropping their opener to the Avalanche. They surged to the top of the oddsboard heading into Wednesday's game with the Avs, but a disastrous third period saw them fall 5-2 as Colorado staved off elimination.
However, Dallas rebounded nicely in Game 6 to take down Colorado 2-1 in OT and earn a Western Conference Final bid. The Stars now have the shortest Stanley Cup odds at many of our best sports betting apps.
Panthers (+270 via bet365)
In the opening-round battle of the Sunshine State, the Panthers made quick work of the Tampa Bay Lightning. Knocking off Tampa in five games shot Florida to the top of the Stanley Cup oddsboard.
They only reaffirmed their position after taking a 3-1 lead over the Bruins in the second round, but a slip-up in Game 5 gave Boston a chance. However, Florida took the series in Game 6 and is the favorite to topple New York in the Eastern Conference Finals.
Rangers (+400 via DraftKings)
The Rangers had vaulted to the top of the oddsboard by opening the second round with three straight victories over the Hurricanes but slipped behind Florida and Dallas when they struggled to complete the sweep or even get past Carolina in Game 5.
New York became the first team to advance to a conference final by finally sealing the deal in Game 6, and it now awaits the winner of Florida vs. Boston to find out which opponent will next have to deal with its physical game and adept offense.
Round 3 matchups
| Western Conference | Eastern Conference |
|---|---|
| Stars vs. Oilers | Panthers vs. Rangers |
Stanley Cup odds over time
The Rangers, Panthers, and Stars have surged over the last few weeks. The Bruins have slipped well down the oddsboard as they stare down elimination.
| Team | Odds on June 13, 2023 | Odds on April 8, 2024 | Odds on May 21, 2024 (bet365) |
|---|---|---|---|
| Hurricanes | +1200 | +650 | OFF |
| Avalanche | +800 | +700 | OFF |
| Panthers | +2000 | +700 | +270 |
| Oilers | +1000 | +750 | +240 |
| Rangers | +1400 | +900 | +350 |
| Stars | +1600 | +900 | +210 |
| Bruins | +1100 | +1000 | OFF |
| Golden Knights | +1200 | +1200 | OFF |
| Canucks | +5000 | +1600 | OFF |
| Maple Leafs | +1000 | +1400 | OFF |
| Lightning | +1400 | +2500 | OFF |
| Jets | +4000 | +1800 | OFF |
| Kings | +2000 | +3500 | OFF |
| Predators | +5000 | +4000 | OFF |
Stanley Cup 2023-24 winning conference odds
Odds as of May 21
Stanley Cup 2023-24 winning division odds
Odds as of May 19
Stanley Cup matchup odds
Odds via FanDuel as of May 19
Stanley Cup exact result odds
Odds via FanDuel as of May 19
| Teams | Odds |
|---|---|
| Stars to beat Panthers | +500 |
| Panthers to beat Stars | +500 |
| Panthers to beat Oilers | +550 |
| Oilers to beat Panthers | +550 |
| Stars to beat Rangers | +600 |
| Oilers to beat Rangers | +650 |
| Rangers to beat Stars | +750 |
| Rangers to beat Oilers | +800 |
Stanley Cup champion: Canadian teams vs. field odds
Odds via FanDuel as of May 19
Eastern Conference champion
Odds via DraftKings on May 21
Western Conference champion
Odds via DraftKings on May 21
Stanley Cup opening odds
Stanley Cup opening odds as of June 13, 2023.
| Team | Odds |
|---|---|
| Avalanche | +800 |
| Oilers | +1000 |
| Maple Leafs | +1000 |
| Bruins | +1100 |
| Hurricanes | +1200 |
| Devils | +1200 |
| Golden Knights | +1200 |
| Rangers | +1400 |
| Lightning | +1400 |
| Stars | +1600 |
| Panthers | +2000 |
| Kings | +2000 |
| Flames | +2500 |
| Wild | +3000 |
| Penguins | +3500 |
| Sabres | +4000 |
| Senators | +4000 |
| Jets | +4000 |
| Red Wings | +5000 |
| Predators | +5000 |
| Islanders | +5000 |
| Kraken | +5000 |
| Canucks | +5000 |
| Blues | +6600 |
| Capitals | +6600 |
| Blackhawks | +12500 |
| Blue Jackets | +12500 |
| Coyotes | +15000 |
| Canadiens | +15000 |
| Flyers | +15000 |
| Sharks | +15000 |
| Ducks | +20000 |
Stanley Cups won by division
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.
| Division | Stanley Cups won |
|---|---|
| Atlantic | 2 |
| Metropolitan | 3 |
| Central | 3 |
| Pacific | 2 |
Past Stanley Cup winners
| Year | Team | Preseason odds |
|---|---|---|
| 2023 | Vegas Golden Knights | +1800 |
| 2022 | Colorado Avalanche | +600 |
| 2021 | Tampa Bay Lightning | +900 |
| 2020 | Tampa Bay Lightning | +675 |
| 2019 | St. Louis Blues | +3000 |
| 2018 | Washington Capitals | +1125 |
| 2017 | Pittsburgh Penguins | +1100 |
| 2016 | Pittsburgh Penguins | +1300 |
| 2015 | Chicago Blackhawks | +700 |
| 2014 | Los Angeles Kings | +1200 |
NHL teams with the most Stanley Cups
| Team | Stanley Cup wins | Stanley Cup appearances |
|---|---|---|
| Canadiens | 24 | 35 |
| Maple Leafs | 13 | 21 |
| Red Wings | 11 | 24 |
| Bruins | 6 | 20 |
| Blackhawks | 6 | 13 |
| Oilers | 5 | 7 |
| Penguins | 5 | 6 |
| Islanders | 4 | 5 |
| Rangers | 4 | 11 |
| Avalanche | 3 | 3 |
| Devils | 3 | 5 |
| Lightning | 3 | 3 |
How to read Stanley Cup odds
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 favoritism, while higher odds indicate underdog status.
A team with +750 odds to win the Stanley Cup is given an 11.76% implied probability of doing so with a $10 bet returning a $75 profit with a victory. A team with +1500 odds would have higher or longer odds, and a lower implied probability of 6.25%, but a win on a $10 bet would return a profit of $150.
Bettors should consider team performance, roster strength, injuries, and historical trends when assessing odds. By comparing odds across sportsbooks, individuals can make informed betting decisions during the NHL playoffs.
NHL draft order
Draft order as of May 8
The first 16 picks are set following the Draft Lottery. The remaining picks will be settled as the playoffs progress.
| Pick | Team |
|---|---|
| 1 | San Jose Sharks |
| 2 | Chicago Blackhawks |
| 3 | Anaheim Ducks |
| 4 | Columbus Blue Jackets |
| 5 | Montreal Canadiens |
| 6 | Utah |
| 7 | Ottawa Senators |
| 8 | Seattle Kraken |
| 9 | Calgary Flames |
| 10 | New Jersey Devils |
| 11 | Buffalo Sabres |
| 12 | Philadelphia Flyers |
| 13 | Minnesota Wild |
| 14 | San Jose Sharks (via Penguins) |
| 15 | Detroit Red Wings |
| 16 | St. Louis Blues |
| 17 | Washington Capitals |
| 18 | New York Islanders |
| 19 | Vegas Golden Knights |
| 20 | Chicago Blackhawks (via Lightning) |
| 21 | Los Angeles Kings |
| 22 | Nashville Predators |
| 23 | Toronto Maple Leafs |
| 24 | Anaheim Ducks (via Oilers) |
| 25 | Colorado Avalanche |
| 26 | Ottawa Senators (via Bruins) |
| 27 | Montreal Canadiens (via Jets) |
| 28 | Carolina Hurricanes |
| 29 | Calgary Flames (via Canucks) |
| 30 | Philadelphia Flyers (via Panthers) |
| 31 | Dallas Stars |
| 32 | New York Rangers |
Stanley Cup Final FAQs
Who is the Stanley Cup Final favorite?
The Dallas Stars are the Stanley Cup favorites at most of our best live betting sites, trading as short as +225, representing an implied win probability of 30.77%.
When did the NHL playoffs start?
The NHL playoffs began on Saturday, April 20, 2024.
When will the Stanley Cup Final start?
Last year, Game 1 of the Stanley Cup Final took place on Saturday, June 3. The NHL will announce the beginning of the 2024 final closer to next spring.
Who won the Stanley Cup last year?
The Vegas Golden Knights won the 2022-23 Stanley Cup Final, defeating the Florida Panthers in five games.
NHL betting odds pages
| Stanley Cup Odds | Hart Trophy Odds | Calder Trophy Odds |
| Norris Trophy Odds | Vezina Trophy Odds | Rocket Richard Odds |
| Jack Adams Award Odds | Conn Smythe Trophy Odds | NHL Draft Odds |
Here are our best NHL betting sites:
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- bet365 Bonus Code: SBRBONUS | Read our bet365 Review
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- FanDuel Promo Code | Read our FanDuel Review
- DraftKings Promo Code | Read our DraftKings Review
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Related pages
- Best Sports Betting Sites | Best Sportsbook Promos (U.S. only)
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