Stanley Cup Odds & Favorites 2026: Favorite Panthers Set for Three-Peat Quest

Can anyone prevent the Florida Panthers from winning a third straight Stanley Cup? Let's look at which teams are closest to the Stanley Cup odds favorites ahead of the season.

Can any team thwart the Florida Panthers' quest for a three-peat? The defending champions are the Stanley Cup odds betting favorite ahead of the regular season, and they are part of our NHL picks for opening night. 

Three of the five Stanley Cup odds favorites have won the Cup in the last three years, with the Edmonton Oilers losing in two straight finals. The Carolina Hurricanes are also among the five favorites. 

🔢 Odds to win Stanley Cup 2026

Our Stanley Cup odds update in real time. See the NHL odds for the best odds on each game once the 2025-26 season begins.

🏒 Stanley Cup 2026 prediction & best bet

Stanley Cup Odds & Favorites 2026: Who Are the Stanley Cup Favorites?
Pictured: Colorado Avalanche center Nathan MacKinnon celebrates a go-ahead goal as we provide the updated Stanley Cup Odds & Favorites. Photo by Ron Chenoy via Imagn Images.

✅ Colorado Avalanche: +900 via bet365

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I backed the Oilers to win the Cup in the last two seasons. What do they say about fool me twice? I'm not willing to learn what they say about being fooled three times. Unless, of course, they finally sign an elite and consistent netminder. 

And while the Cats have the best chance at a three-peat of any team since the New York Islanders last accomplished the rare feat, I'm fading them due to attrition, fatigue and the enormity of the task. 

So, it's on to the Colorado Avalanche, who are stacked and will have Gabriel Landeskog back for the entire season. Mackenzie Blackwood requires more postseason experience, but he appears to be a quick study. 

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📖 Opening Stanley Cup odds

Here are the opening 2026 Stanley Cup odds via FanDuel:

  • Panthers: +750
  • Oilers: +750
  • Hurricanes: +900
  • Avalanche: +1000
  • Stars: +1200
  • Golden Knights: +1200
  • Lightning: +1600
  • Devils: +2000
  • Kings: +2000
  • Maple Leafs: +3000
  • Jets: +3500
  • Capitals: +3500
  • Senators: +4000
  • Rangers: +4000
  • Mammoth: +4000
  • Wild: +4500
  • Blues: +5000
  • Canucks: +5500
  • Islanders: +6600
  • Flames: +10000
  • Flyers: +10000
  • Predators: +10000
  • Canadiens: +10000
  • Red Wings: +12500
  • Blue Jackets: +12500
  • Bruins: +12500
  • Sabres: +15000
  • Penguins: +28000
  • Kraken: +31000
  • Ducks: +39000
  • Sharks: +50000
  • Blackhawks: +50000

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📜 Stanley Cup betting history

Here are recent Stanley Cup winners and their preseason betting odds:

Year Team Preseason odds
2025 Florida Panthers  +900
2024 Florida Panthers +2000
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

❓ Stanley Cup Final FAQs

Who is the Stanley Cup Final favorite?

The Florida Panthers are the 2026 Stanley Cup odds favorites. Their best odds stand at +600, representing an implied win probability of 14.29%, according to our odds converter.

Who won the last Stanley Cup?

The Panthers defeated the Oilers in six games, beating Edmonton for the second straight final. 

When did the NHL playoffs start? 

The playoffs started on Saturday, April 19, 2025.  

When does the Stanley Cup Final start?

The 2025 Stanley Cup Final began on Wednesday, June 4 and ended on June 17. 

When was the last back-to-back Stanley Cup winner?

The Florida Panthers won back-to-back Stanley Cups in 2024 and 2025. Previously, the Tampa Bay Lightning won it in 2020 and 2021, the Pittsburgh Penguins won it in 2016 and 2017, and the Detroit Red Wings in 1996 and 1997. 

When was the last Stanley Cup three-peat?

The New York Islanders won four Stanley Cups in a row from 1980 to 1983. 

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