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Evan Bouchard #2 of the Edmonton Oilers celebrates his overtime goal
Evan Bouchard #2 of the Edmonton Oilers celebrates his overtime goal with teammates Connor McDavid #97, Ryan Nugent-Hopkins #93, Leon Draisaitl #29, Warren Foegele #37 and Adam Erne #21 at the Bell Centre. Photo by Minas Panagiotakis via AFP

The Edmonton Oilers are still the favorites among our NHL odds to win the 2024 Stanley Cup despite their winning streak coming to and end last week. 

All of our best sports betting sites have the Edmonton Oilers as the favorites to win the 2024 Stanley Cup, as both DraftKings and bet365 are buying in early on the team's impressive 16-game winning streak exiting the All-Star break.

Some books still offer the Colorado Avalanche as favorites, while Caesars is featuring four teams with three-digit odds. There's a lot of variation within the Stanley Cup betting market, so it's crucial to hold multiple accounts at our best sports betting apps to get the best price in the futures market.

Here's our look at the Stanley Cup odds futures market (odds via our best NHL betting sites).

Stanley Cup odds 2024

(Stanley Cup odds as of Feb. 13)

TeamDraftKingsFanDuelBetMGMCaesarsbet365
Oilers+700 +850 🔥+750+650 ❄️+800 
Avalanche+800 +850 +800+850+1050 🔥
Bruins+800 +1000 🔥+850 +800+850
Panthers+850 ❄️+950 +900+1000  +1000
Hurricanes+900 ❄️+1000 +1000+1000 +1000 
Rangers+1000+1100 +1100 +950 ❄️+1000 
Canucks+1200 +1500 🔥+1200+900 +850 ❄️
Stars+1300+1000+1300+1200 +900 ❄️
Golden Knights+1300 +1400 🔥+1200+950 ❄️+1100 
Maple Leafs+1400 +1400 +1400+1800 🔥+1600 

Favorite for the Stanley Cup

Oilers (+850 via FanDuel)

The Oilers' winning streak ended but they are not only favorites to win the Stanley Cup, they are now consensus favorites to win it. A week ago they were co-favorites with a few books, even behind a few teams. Entering the new week, however, they are the favorites across all books. 

This team went to the Western Conference Final not long ago, and when clicking arguably have the most lethal offense in the NHL. What's crazy is that Edmonton's defense is the reason this team is winning games, as the Oilers have actually gone Under the goal total in 12 of 13 games entering Tuesday's game. 

If Edmonton can win low-scoring games, its offense just needs to hit timely goals - which is more than doable with Connor McDavid, Leon Draisaitl, and Zach Hyman skating around like mad men. 

Stanley Cup odds 2024: Contender

Avalanche (+1050 via bet365)

The Western Conference is going to be a gauntlet with the red-hot Oilers leading the way, and let's not forget the disrespected Vancouver Canucks with FanDuel offering very generous +1500 odds on them. Colorado can get through, however, as it boasts a comparable offense to Edmonton with a better defense led by Cale Makar. 

The Avalanche are elite and people seem to forget it with the streaking Oilers and surprise of Vancouver. This is a fine play at these odds, and if the Oilers continue to win you might be able to get a better price on the Avalanche soon.

Stanley Cup odds 2024: Long shot

Jets (+1600 via Caesars)

Winnipeg has one of the best goalies in Connor Hellebuyck. The Jets sit quietly atop the Central Division with the fewest amount of goals allowed in hockey at 105. If Hellebuyck gets hot when the playoffs start, this team can go far. 

They also best one of the best goal differentials in the league. Considering Winnipeg features one of the best - if not the best - defenses in the league, it's hard to ignore a very kind 16/1 ticket on what is essentially Hellebuyck playing out of his mind come playoff time. The former Vezina winner and current front-runner absolutely can. 

Recent Stanley Cup winners

YearTeamPreseason odds
2023Vegas Golden Knights+1800
2022Colorado Avalanche+600
2021Tampa Bay Lightning+900
2020Tampa Bay Lightning+675
2019St. Louis Blues+3000
2018Washington Capitals+1125
2017Pittsburgh Penguins+1100
2016Pittsburgh Penguins+1300
2015Chicago Blackhawks+700
2014Los Angeles Kings+1200

Stanley Cup betting analysis

Many of our best sports betting sites have landed on the Oilers as the Stanley Cup betting favorite. It's unlikely the Oilers continue to keep winning at this pace, and if they surge into the President's Trophy - well, we all know the curse that accolade brings. Vancouver seems to be the most inconsistent of odds among contenders, not listed in the top 10 with some books but as short as +950 with others.

NHL betting odds pages

Stanley Cup Final FAQs

Who is the Stanley Cup Final favorite?

The Edmonton Oilers are the Stanley Cup favorites with most books. 

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.

Here are our best NHL betting sites:

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