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Pittsburgh Penguins center Sidney Crosby moves the puck against the Toronto Maple Leafs as we analyze the 4 Nations Face-Off odds.
Pittsburgh Penguins center Sidney Crosby moves the puck against the Toronto Maple Leafs. Photo by Charles LeClaire via Imagn Images

If you're a hockey fan, you must be counting down the days until February like a four-year-old does for the day Santa somehow fits down your tight or non-existent chimney. 

Sure, we're only talking about four countries competing - Canada, the U.S., Finland, and Sweden - but let's not dull the sparkle of hockey's first best-on-best tournament in nine years. 

Canada and the USA are the early 4 Nations Face-Off odds favorites, with the latter having the slight edge at FanDuel. The tournament will take place at the Bell Centre in Montreal and TD Garden in Boston from Feb. 12 to 20, 2025.

The top two teams will face off in a one-game final after a three-game round-robin. Our best sportsbooks are all over this one, offering odds across a variety of markets well ahead of the tournament opener.  

4 Nations Face-Off game odds, betting lines

(Odds from FanDuel as of Dec. 10; all times displayed in Eastern Time)

Wednesday, Feb. 12

Canada vs. Sweden, 8 p.m.

TeamsMoneylineSpreadTotal
Canada-265-1.5 (+100)O5.5 (-120)
Sweden+215+1.5 (-122)U5.5 (-102)

Thursday, Feb. 13

Finland vs. USA, 8 p.m.

TeamsMoneylineSpreadTotal
USA-260-1.5 (+104)O5.5 (+102)
Finland+210+1.5 (-128)U5.5 (-124)

Saturday, Feb. 15

Sweden vs. Finland, 1 p.m.

TeamsMoneylineSpreadTotal
Sweden-150-1.5 (+176)O5.5 (+116)
Finland+125+1.5 (-220)U5.5 (-142)

Canada vs. USA, 8 p.m.

TeamsMoneylineSpreadTotal
Canada-126-1.5 (+205)O5.5 (-134)
USA+105+1.5 (-260)U5.5 (+110)

Monday, Feb. 17

Finland vs. Canada, 1 p.m.

TeamsMoneylineSpreadTotal
Canada-280-1.5 (-104)O5.5 (-114)
Finland+225+1.5 (-118)U5.5 (-106)

USA vs. Sweden, 8 p.m.

TeamsMoneylineSpreadTotal
USA-235-1.5 (+116)O5.5 (+102)
Sweden+190+1.5 (-142)U5.5 (-124)

4 Nations Face-Off odds 2025

(4 Nations Face-Off odds as of Dec. 10)

TeamOdds (FanDuel)Implied probabilityProfit on $10 bet
🥇 USA+16038.46%$16
🥈 Canada+17037.04%$17
🥉 Sweden+42019.23%$42
📉 Finland+65013.33%$65

The early odds suggest that Canada and the United States are headed for a hotly anticipated final showdown – made even more attractive by the fact that we haven't seen a best-vs.-best hockey tournament of any kind since the 2016 World Cup of Hockey.

The implied probability gap between the top two and bottom two countries is significant, but the nature of events like these certainly favors a value bet on the underdogs. Anything can happen in a one-game encounter, especially considering that all four teams will feature elite NHL talent.

That much is evident when looking at their stacked rosters. 

4 Nations Face-Off favorites

Pittsburgh Penguins forward Sidney Crosby and Edmonton Oilers forward Connor McDavid follow the play as we look at the 4 Nations Face-Off odds.<br>
Pittsburgh Penguins forward Sidney Crosby and Edmonton Oilers forward Connor McDavid follow the play. Photo Credit: Perry Nelson-Imagn Images

Canada (+170)

(Rosters and odds as of Dec. 5; players with asterisks were the initial roster selections for each team)

PlayerPositionNHL team
Sam BennettForwardFlorida Panthers
Anthony CirelliForwardTampa Bay Lightning
Sidney Crosby*ForwardPittsburgh Penguins
Brandon HagelForwardTampa Bay Lightning
Seth JarvisForwardCarolina Hurricanes
Travis KonecnyForwardPhiladelphia Flyers
Nathan MacKinnon*ForwardColorado Avalanche
Brad Marchand*ForwardBoston Bruins
Mitch MarnerForwardToronto Maple Leafs
Connor McDavid*ForwardEdmonton Oilers
Brayden Point*ForwardTampa Bay Lightning
Sam ReinhartForwardFlorida Panthers
Mark StoneForwardVegas Golden Knights
Cale Makar*DefensemanColorado Avalanche
Josh MorrisseyDefensemanWinnipeg Jets
Colton ParaykoDefensemanSt. Louis Blues
Alex PietrangeloDefensemanVegas Golden Knights
Travis SanheimDefensemanPhiladelphia Flyers
Shea TheodoreDefensemanVegas Golden Knights
Devon ToewsDefensemanColorado Avalanche
Jordan BinningtonGoaltenderSt. Louis Blues
Adin HillGoaltenderVegas Golden Knights
Samuel MontembeaultGoaltenderMontreal Canadiens

The depth of the Canadian roster goes a long way toward explaining why there's almost nothing to choose between the two 4 Nations Face-Off odds.

The initial six-man unit announced over the summer has combined for six Hart Trophies, seven scoring titles, eight Stanley Cups, and a Norris Trophy. Canada will be flush with offensive talent up front, along with the best puck-moving blue-liner in the league in Makar.

The biggest question mark will be in goal, where there is no Martin Brodeur, Patrick Roy or Carey Price-caliber option available. The battle to be No. 1 sees Vegas Golden Nights veteran Adin Hill, St. Louis Blues starter Jordan Binnington and Montreal Canadiens veteran Samuel Montembeault tangling to see who will earn the top job.

It's difficult to know just how much the lack of elite goaltending will matter – but you can be sure that Canada's impressive roster of skaters will do everything it can to ensure that it doesn't.

Odds: +170 | Implied probability: 37.04%

Toronto Maple Leafs forward Auston Matthews congratulates Florida Panthers forward Matthew Tkachuk as we look at the 4 Nationas Face-Off odds.
Toronto Maple Leafs forward Auston Matthews congratulates Florida Panthers forward Matthew Tkachuk. Photo Credit: Dan Hamilton-Imagn Images

USA (+160)

PlayerPositionNHL team
Matt BoldyForwardMinnesota Wild
Kyle ConnorForwardWinnipeg Jets
Jack Eichel*ForwardVegas Golden Knights
Jake GuentzelForwardTampa Bay Lightning
Jack HughesForwardNew Jersey Devils
Chris KreiderForwardNew York Rangers
Dylan LarkinForwardDetroit Red Wings
Auston Matthews*ForwardToronto Maple Leafs
J.T. MillerForwardVancouver Canucks
Brock NelsonForwardNew York Islanders
Matthew Tkachuk*ForwardFlorida Panthers
Brady TkachukForwardOttawa Senators
Vincent TrocheckForwardNew York Rangers
Brock FaberDefensemanMinnesota Wild
Adam Fox*DefensemanNew York Rangers
Noah HanifinDefensemanVegas Golden Knights
Quinn Hughes*DefensemanVancouver Canucks
Charlie McAvoy*DefensemanBoston Bruins
Jaccob SlavinDefensemanCarolina Hurricanes
Zach WerenskiDefensemanColumbus Blue Jackets
Connor HellebuyckGoaltenderWinnipeg Jets
Jake OettingerGoaltenderDallas Stars
Jeremy SwaymanGoaltenderBoston Bruins

Rolling out six sensational players in the prime of their careers as the core of their roster was a heck of a flex by the Americans – and the other 17 players aren't exactly third-liners, either.

That's the thing about this U.S. side: Not only is it deeper than it has ever been, but the majority of players who will suit up are young, hungry, and supremely talented. The expanded list includes Matthew Tkachuk's truculent Ottawa Senators sibling Brady, net fillers Chris Kreider of the Dallas Stars and Tage Thompson of the Buffalo Sabres, and talented young defensemen Brock Faber of the Minnesota Wild and Jaccob Slavin of the Carolina Hurricanes.

The U.S. also has a notable edge in goal – with two of the league's hottest goalies at the top of the pecking order.

Expect to see Connor Hellebuyck of the Winnipeg Jets as the No. 1 option, though Jake Oettinger of the Dallas Stars has been playing out of his mind and deserves a shot at top spot. Jeremy Swayman of the Boston Bruins round out the netminder roster, but he has struggled for most of the season and is the clear No. 3 at the 4 Nations Face-Off.

Odds: +160 | Implied probability: 38.46%

4 Nations Face-Off underdog

Tampa Bay Lightning defenseman Victor Hedman defends Toronto Maple Leafs right wing William Nylander as we look at the 4 Nations Face-Off odds.
Tampa Bay Lightning defenseman Victor Hedman defends Toronto Maple Leafs right wing William Nylander. Photo Credit: Kim Klement-Imagn Images.

Sweden (+420)

PlayerPositionNHL team
Viktor ArvidssonForwardEdmonton Oilers
Jesper BrattForwardNew Jersey Devils
Leo CarlssonForwardAnaheim Ducks
Joel Eriksson EkForwardMinnesota Wild
Filip Forsberg*ForwardNashville Predators
William KarlssonForwardVegas Golden Knights
Adrian KempeForwardLos Angeles Kings
Elias LindholmForwardBoston Bruins
William Nylander*ForwardToronto Maple Leafs
Gustav NyqvistForwardNashville Predators
Elias PetterssonForwardVancouver Canucks
Lucas RaymondForwardDetroit Red Wings
Mika Zibanejad*ForwardNew York Rangers
Rasmus AnderssonDefensemanCalgary Flames
Jonas BrodinDefensemanMinnesota Wild
Rasmus DahlinDefensemanBuffalo Sabres
Mattias EkholmDefensemanEdmonton Oilers
Gustav Forsling*DefensemanFlorida Panthers
Victor Hedman*DefensemanTampa Bay Lightning
Erik Karlsson*DefensemanPittsburgh Penguins
Filip GustavssonGoaltenderMinnesota Wild
Jacob MarkstromGoaltenderNew Jersey Devils
Linus UllmarkGoaltenderOttawa Senators

You can be certain that the Swedish roster is going to make life quite miserable for opposing forwards.

Any defense corps boasting a pair of elite puck-movers in Victor Hedman and Erik Karlsson, along with a Stanley Cup-winning lynch pin in Gustav Forsling, will be well-positioned to grind out positive results. Add in the inclusions of former No. 1 pick Rasmus Dahlin of the Buffalo Sabres and Stanley Cup finalist Mattias Ekholm of the Edmonton Oilers, and defensive prowess is clearly a strength of this team.

That's going to loom especially large for a Swedish team that might have trouble keeping up offensively with the North American clubs.

Elias Pettersson of the Vancouver Canucks, Lucas Raymond of the Detroit Red Wings and Adrian Kempe of the Los Angeles Kings will help, and the rest of Sweden's forward additions should contribute, as well. But there's not nearly the same level of scoring depth here, and though Linus Ullmark and Jacob Markstrom should fare well in goal, it's hard to see this team doing enough to make it to the final.

Odds: +420 | Implied probability: 19.23%

4 Nations Face-Off long shot

Dallas Stars defenseman Miro Heiskanen and defenseman Esa Lindell in action as we look at the 4 Nations Face-Off odds.
Dallas Stars defenseman Miro Heiskanen and defenseman Esa Lindell in action. Photo Credit: Jerome Miron-Imagn Images.

Finland (+650)

PlayerPositionNHL team
Sebastian Aho*ForwardCarolina Hurricanes
Joel ArmiaForwardMontreal Canadiens
Aleksander Barkov*ForwardFlorida Panthers
Mikael GranlundForwardSan Jose Sharks
Erik HaulaForwardNew Jersey Devils
Roope HintzForwardDallas Stars
Kaapo KakkoForwardNew York Rangers
Patrik LaineForwardMontreal Canadiens
Artturi LehkonenForwardColorado Avalanche
Anton LundellForwardFlorida Panthers
Eetu LuostarinenForwardFlorida Panthers
Mikko Rantanen*ForwardColorado Avalanche
Teuvo TeravainenForwardChicago Blackhawks
Jani HakanpaaDefensemanToronto Maple Leafs
Miro Heiskanen*DefensemanDallas Stars
Esa Lindell*DefensemanDallas Stars
Olli MaataaDefensemanUtah Hockey Club
Niko MikkolaDefensemanFlorida Panthers
Rasmus RistolainenDefensemanPhiladelphia Flyers
Juuso ValimakiDefensemanUtah Hockey Club
Kevin LankinenGoaltenderVancouver Canucks
Ukko-Pekka LuukkonenGoaltender Buffalo Sabres
Juuse Saros*GoaltenderNashville Predators

Finland's top-end talent is among the best in the world.

Rolling out an initial six-man roster that includes a reigning Stanley Cup champ and two-time Selke Trophy winner (Barkov), a two-time 100-point scorer (Rantanen), a pair of NHL blue-liners who are a combined plus-66 over the past two seasons (Heiskanen and Lindell), and the goalie who has led the NHL in saves in two straight years (Saros) is a real luxury.

The issue with the Finns is the drop-off. After Roope Hintz, the remaining forward group takes a major hit when compared to the other three teams in the tourney. The defensive depth is sorely lacking, and the two options in net behind Saros (Ukko-Pekka Luukkonen, Kevin Lankinen) all have major question marks.

Finland might steal a win, but even in a short round-robin, this team is the most likely to be overmatched.

Odds: +650 | Implied probability: 13.33%

4 Nations Face-Off round-robin points odds

(Odds as of Dec. 10)

PointsCanadaUSASwedenFinland
2+-3500-4500-670-490
3+-1450-1800-400-290
4+-340-360-118+106
5+-225-225+146+172
6+-136-130+220+270
7++235+260+580+700
8++360+400+880+1000
9++640+680+1280+1500

Teams earn three points for a regulation victory, two points for an overtime win, one point for an OT loss and zero points for a regulation defeat.

Toronto Maple Leafs center Auston Matthews and Pittsburgh Penguins center Sidney Crosby reach for the puck as we look at the 4 Nations Face-Off odds.<br>
Toronto Maple Leafs center Auston Matthews and Pittsburgh Penguins center Sidney Crosby reach for the puck. Photo Credit: Charles LeClaire-Imagn Images

4 Nations Face-Off: Team captain odds

Canada

(Odds as of Dec. 10)

PlayerNHL teamOddsImplied probability
Sidney CrosbyPittsburgh Penguins-52083.87%
Connor McDavidEdmonton Oilers+35022.22%
Brad MarchandBoston Bruins+40002.44%
Mark StoneVegas Golden Knights+40002.44%
Alex PietrangeloVegas Golden Knights+80001.22%
Nathan MacKinnonColorado Avalanche+80001.22%

With respect to McDavid, Marchand and the others, could this honor really go to anyone but Sid? Now in the twilight of a phenomenal career, this might be Crosby's last chance to wear the Canadian flag at a best-on-best event. I don't see anyone wresting the C from him.

USA

PlayerNHL teamOddsImplied probability
Auston MatthewsToronto Maple Leafs+15439.37%
Patrick KaneDetroit Red Wings+23030.30%
Dylan LarkinDetroit Red Wings+60014.29%
Anders LeeNew York Islanders+60014.29%
Matthew TkachukFlorida Panthers+75011.76%
Jack EichelVegas Golden Knights+10608.62%

This is easily the most fascinating (and wide-open) captain market on the board. You could make a compelling case for a handful of players on this list; Tkachuk is my top value play given the outstanding leadership he has provided the Stanley Cup champions.

Sweden

NameNHL teamOddsImplied probability
Victor HedmanTampa Bay Lightning-35077.78%
Erik KarlssonPittsburgh Penguins+35022.22%
Mika ZibanejadNew York Rangers+10608.62%
Mattias EkholmEdmonton Oilers+14006.67%
Rasmus DahlinBuffalo Sabres+18005.26%
Filip ForsbergNashville Predators+25003.85%

Is Karlsson worth a look? I might have thought so before the Lightning handed Hedman the C following the off-season departure of Steven Stamkos. Sweden would be wise to lean on Hedman in the same role, though pivoting to Karlsson would also be a strong option.

Finland

NameNHL teamOddsImplied probability
Aleksander BarkovFlorida Panthers-46082.14%
Mikko RantanenColorado Avalanche+47017.54%
Sebastian AhoCarolina Hurricanes+15006.25%
Miro HeiskanenDallas Stars+25003.85%
Roope HintzDallas Stars+35002.78%
Field--+40002.44%

This should be settled quickly, given how pivotal Barkov has been at helming the most successful NHL franchise of the past two seasons. Rantanen wouldn't be a bad choice, but he's not the best one.

4 Nations Face-Off FAQs

When does the 4 Nations Face-Off take place?

The 4 Nations Face-Off takes place Feb. 2-10, with games split between Montreal's Bell Centre and Boston's TD Garden.

What countries are in the 4 Nations Face-Off?

Canada, the United States, Sweden and Finland are the participating countries at the 4 Nations Face-Off.

Who is the 4 Nations Face-Off favorite?

Canada and the USA are the pre-tournament odds favorites to win the 4 Nations Face-Off, with the former at +170 and the latter +160 at FanDuel. 

How are points awarded in the 4 Nations Face-Off?

Teams are given three points for a regulation win, two points for an overtime victory, and one point for an OT loss.

When were the 4 Nations Face-Off rosters announced?

Initial six-man rosters for each team were revealed over the summer, while the remainder of the 4 Nations Face-off rosters were announced Dec. 4.

Here are our best NHL betting sites:

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