Stanley Cup Odds & Favorites 2024: Hurricanes, Panthers Favorites

The 2024 Stanley Cup Playoffs are rolling on, and the Carolina Hurricanes and Florida Panthers remain the favorites by the Stanley Cup odds from our best NHL betting sites as they near berths in the second round.

The Carolina Hurricanes entered the 2024 postseason as the consensus favorites based on the Stanley Cup odds from our best sports betting sites. Those numbers have already shortened as they have jumped out to a 3-0 series lead right alongside the Florida Panthers on Thursday.

The New York Rangers, Vegas Golden Knights, Edmonton Oilers, and Colorado Avalanche make up the second tier on the oddsboard.

We're breaking down the latest Stanley Cup odds from our best sports betting apps below.

Stanley Cup betting odds 2024

(Stanley Cup odds as of April 25)

2024 Stanley Cup favorites

Hurricanes (+440 via FanDuel)

The Hurricanes entered the Stanley Cup playoffs as the hottest team in the NHL, and they've made quick work of the New York Islanders, as expected, to move within one win of advancing to Round 2. Goaltender Frederik Andersen was their best player a 3-2 road win in Game 3, as he stopped 29 of 31 shots faced.

Panthers (+550 via FanDuel)

The Panthers awoke from their slumber just in time, winning four straight games to close the season and claim first place in the Atlantic Division. They've chugged right along and hold a 3-0 series lead over the rival Tampa Bay Lightning.

The Panthers won Game 3 by a 5-3 count on the road, with goalie Sergei Bobrovsky making 26 stops. Matthew Tkachuk scored twice by nothing the opening goal of the game and an empty netter to seal the win.

Golden Knights (+750 via DraftKings)

The defending Stanley Cup champion Golden Knights on the top Western Conference representatives on the oddsboard. They won the opening two games against the Dallas Stars on the road and head back to Sin City for Saturday's Game 3 up 2-0.

Captain Mark Stone and trade deadline acquisition Tomas Hertl have been particularly strong, for those who worry a lot about the sanctity of the NHL's salary cap and its regulations.

NHL Round 1 matchups

Stanley Cup odds over time

The Hurricanes, Avalanche, Panthers, and Stars have been the biggest movers over the last couple of weeks. The Rangers are also surging, while the Bruins have rebounded from a recent slide. 

Stanley Cup opening odds

Stanley Cup opening odds as of June 13, 2023.

Stanley Cup 2023-24 winning conference odds

Odds as of April 22

Stanley Cup 2023-24 winning division odds

Odds as of April 22

Stanley Cup matchup odds

Odds via FanDuel as of April 20

Stanley Cup exact result odds

Odds via FanDuel as of April 20

Stanley Cup champion: Canadian teams vs. field odds

Odds via DraftKings as of April 22

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.

Past Stanley Cup winners

NHL teams with the most Stanley Cups

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.

Projected NHL draft order

Draft order as of April 19

Stanley Cup Final FAQs

Who is the Stanley Cup Final favorite?

The Carolina Hurricanes are the Stanley Cup favorites across our best live betting sites, trading as short as +375, representing an implied win probability of 21.05%.

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

Here are our best NHL betting sites:

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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)