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Philadelphia Flyers right wing Matvei Michkov against the Vegas Golden Knights at Wells Fargo Center as we analyze the 2024-25 Calder Trophy odds.
Philadelphia Flyers right wing Matvei Michkov against the Vegas Golden Knights at Wells Fargo Center. Photo by Eric Hartline via Imagn Images

Matvei Michkov certainly answered the bell, scoring 10 points in five games after Macklin Celebrini notched eight in five. The Flyers' rookie recaptured his extensive lead atop the Calder Trophy odds leaderboard at our NHL betting sites

He's the only player trading at minus-money odds, and his point-per-game average is a good reflection of why. He's also a staggering plus-13 since being benched by John Tortorella in early November. It looks like old-man Torts can still impact the younger generation. 

Celebrini, Michkov's most formidable challenger, has points in six of the last eight games. Lane Hutson, Logan Stankoven, and Dustin Wolf round out the five favorites. 

Calder Trophy odds 2024-25

Here are the latest Calder Trophy notes: 

  • Lane Hutson has been excellent offensively for the Montreal Canadiens (19 points), but has struggled on one of the worst defensive teams. He has a minus-12 rating through 28 games, the worst of all rookies
  • Logan Stankoven's Stars are getting the best Stanley Cup odds of the five favorites
  • Michkov leads all rookies in points (27), points per game (1), goals (11), and power-play points (12)
  • Wolf, the highest-ranked goaltender among the 10 favorites, lost his last three starts, allowing 14 goals

Calder Trophy favorites 2024-25

Matvei Michkov (-200)

Torts said benching his star rookie is all part of the process. Well, it looks like it served as the perfect wakeup call for Michkov, who has been unstoppable since riding the pine for two games at the start of November. 

Michkov was minus-8 through 13 games and is now plus-15, a staggering shift in a 14-game span.

Michkov's defensive improvement and five-on-five play has come a long way in such a short time. Seven of his 10 points prior to being benched came on the power play. Since then, 12 of his 17 points have come at even strength, proving he's not merely a power-play specialist. 

His odds shortened from +115 to -200 over the last seven days. That's an implied win probability shift of 46.51% to 66.67%. At this expensive price, it's better to leave well enough alone, as a winning $10 bet will profit just $5. 

A lot of the season remains, so let's see what happens in the coming weeks. 

Best odds: -200 via BetRivers | Implied probability: 66.67%

Macklin Celebrini (+200)

San Jose Sharks center Macklin Celebrini skates with the puck against the Carolina Hurricanes as we analyze the 2024-25 Calder Trophy odds. 
San Jose Sharks center Macklin Celebrini skates with the puck against the Carolina Hurricanes. Photo by James Guillory via Imagn Images

Celebrini is the real deal and will live up to the lofty hype of being the top pick. Thanks to a recurring hip injury, he endured a frustrating first month in the NHL. However, he has rebounded better than anyone could have hoped for and is amassing points at an elite rate. 

While he's slowed down recently, Celebrini has 11 points in the last 10 and is scoring at a 0.84 point-per-game clip, the second most after Michkov.  

Since Nov. 20, he's scoring at a point-per-game clip, just behind Michkov's 1.20. At the moment, it's a truly two-horse race, and the Sharks' No. 1 draft pick has some work to do to catch the surging Michkov. 

Best odds: +200 via DraftKings | Implied probability: 33.33%

My 2025 Calder Trophy player to watch

Logan Stankoven (+4000)

Dallas Stars center Logan Stankoven handles the puck against the Pittsburgh Penguins as we analyze the 2024-25 Calder Trophy odds.
Dallas Stars center Logan Stankoven handles the puck against the Pittsburgh Penguins. Photo by Charles LeClaire via Imagn Images

Stankoven's odds plummeted over the last week, moving from +800 to +4000. That epic decrease is due to a substantial slowdown, with the 21-year-old notching just one point in the previous seven games. 

He has only two points in the last 10 games and will need to get his act together quickly to remain relevant in this race.

He's still tied with Wolf for the fourth-shortest odds. However, he won't be able to keep Celebrini or Michkov within sight if he doesn't produce points more consistently. 

Right now, a winning $10 bet will yield a $400 profit. While the potential profit is becoming increasingly appealing, his lack of production is quickly taking him out of contention.

That said, we still have almost five months left in the season for Stankoven to get right. 

Best odds: +4000 via DraftKings | Implied probability: 2.44%

How to bet on Calder Trophy futures odds

There are a few essential tips to keep in mind before locking in your Calder Trophy futures picks, including: 

Playing time: Make sure the player you're backing will be a consistent on-ice presence. While there's heaps of merit in picking a potentially excellent rookie who plays for a bonafide contender, like Stankoven, it's crucial to ensure they'll log consistent minutes. 

How good is the team they play for? While some rookies are so elite that the team they play for is inconsequential, like Bedard in Chicago, not all players are part of that rarified air. Unless they are all but guaranteed to score points, don't jump in too fast on high draft picks playing for terrible teams. That said, at least you'll know they will get a ton of ice time. 

Will they be the star of the show? No. 1 pick Celebrini will invariably be the star of the show in San Jose, making him an excellent Calder Trophy pick.

The same can be said for Wolf, who should be the No. 1 netminder in Calgary for the 2024-25 season. He'll have the platform to prove himself, with many eyes judging his every move. While that can go one of two ways, Wolf will be the architect of his own Calder Trophy destiny. 

Second-year players that qualify: Stankoven played 24 games last year for the Stars, one under the 25-game threshold permitted to be eligible for the Calder Trophy.

That makes him arguably the best candidate for the 2024-25 award. He was outstanding in the Stars' Western Conference Final run and has a leg up on the other "rookies."

College or international experience: More mature players who have roughed it up in other professional leagues worldwide, like Michkov, with 91 games in the KHL under his belt, have an advantage over other rookies entering the NHL directly from the juniors.

The same can be said, though not quite to the same extent, for players who've spent a few years in the college ranks. Just make sure they'll be on the roster come training camp.

Position-based picks: Like the Hart Trophy, the Calder Trophy is often handed out to offensive-minded players who entertain and consistently produce on the scoresheet. A goaltender last won the award in 2008-09, while only three of the previous 11 winners were defensemen.

Calder Trophy odds over time 

Latest odds via DraftKings

PlayerJuly 1 (opening odds)July 24Dec. 11
Matvei Michkov+500+450-220
Macklin Celebrini+500+500+200
Cutter Gauthier+600+650+10000
Will Smith+600+700+7500
Logan Stankoven+600+550+3000
Dustin Wolf+1000+1000+4000
Lane Hutson+1000+1000+1200
Yaroslav Askarov+4000+5000+10000
Mavrik Bourque+4000+3000+30000
Jesper Wallstedt+4000+3500OFF
Fabian Lysell+5000+5000OFF
Liam Ohgren+5000+7500OFF
Gavin Brindley+7500+7500OFF

Calder Trophy past winners

Bedard ran away with last season's Calder Trophy race, with some sportsbooks closing the market fairly early. The 2024-25 campaign is shaping up to be a neck-and-neck race among the lead candidates. 

YearPlayerPositionTeamPreseason Odds
2023-24Connor BedardCChicago Blackhawks-135
2022-23Matty BeniersCSeattle Kraken+400
2021-22Moritz SeiderDDetroit Red Wings+1200
2020-21Kirill KaprizovLWMinnesota Wild+400
2019-20Cale MakarDColorado Avalanche+400
2018-19Elias PetterssonCVancouver Canucks+240
2017-18Mathew BarzalCNew York Islanders+1800
2016-17Auston MatthewsCToronto Maple Leafs-130
2015-16Artemi PanarinLWChicago Blackhawks+2200
2014-15Aaron EkbladDFlorida Panthers+700
2013-14Nathan MacKinnonCColorado AvalancheN/A

Calder Trophy FAQ

Who is the Calder Trophy favorite?

Philadelphia Flyers winger Matvei Michkov is the 2024-25 Calder Trophy odds favorite, trading at -200. Those odds represent an implied win probability of 66.67%, according to our odds calculator

Who won the Calder Trophy last year?

Chicago Blackhawks center Connor Bedard won last yerar's Calder Trophy after accruing 22 goals and 61 points over 68 games.

When will the Calder Trophy be decided?

Votes from the Professional Hockey Writers' Association must be filed before the Stanley Cup Playoffs begin. Last year's Calder Trophy was announced at the NHL Awards ceremony on June 27. 

How many No. 1 draft picks have won the Calder Trophy?

Twelve No. 1 draft picks have won the Calder Trophy, including Bedard, Auston Matthews, Mario Lemieux, Nathan MacKinnon, Patrick Kane, Alexander Ovechkin, Aaron Ekblad, Gilbert Perreault, Denis Potvin, Dale Hawerchuk, Bobby Smith, and Bryan Berard. 

When did a goaltender last win the Calder Trophy?

Steve Mason was the last goaltender to win the Calder Trophy. He secured the honor with the Columbus Blue Jackets in 2008-09. 

How many goaltenders have won the Calder Trophy?

Sixteen goaltenders have won the Calder Trophy but only three since 2000 (Mason, Andrew Raycroft, Evgeni Nabokov). 

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