🏒 Stanley Cup Odds & Favorites 2026: Avalanche, Hurricanes Favored to Hoist Lord Stanley

The NHL playoffs have wasted no time in shredding brackets and shifting the betting landscape on the Stanley Cup odds board. After a chaotic opening round that saw the 121-point Colorado Avalanche and the Eastern-best Carolina Hurricanes advance quite easily, the field has narrowed to eight teams, leaving several favorites - including the Dallas Stars and Edmonton Oilers - watching from home.

With the second round officially underway, the Stanley Cup odds show there's some value on the board. The Avalanche remain the consensus favorites to hoist the trophy, but the "bracket-buster" emergence of the Buffalo Sabres, who just secured their first playoff series win in 19 years, and the Montreal Canadiens' gritty seven-game upset of Tampa Bay have injected massive value into the long shot markets. Whether you're backing a dominant powerhouse or riding a surging underdog, here's the updated look at the odds following Round 1.

🔢 Stanley Cup odds 2026

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

📊 Updated betting insights 

These betting insights are provided by BetMGM, one of the best sports betting sites. 

Line movement (Open to Now)

• Avalanche +800 to +200
• Hurricanes +900 to +180
• Wild +3500 to +1600

Highest Ticket%

• Avalanche 14.6%
• Golden Knights 7.1%
• Hurricanes 6.6%

Highest Handle%

• Avalanche 18.3%
• Oilers 7.6%

📖 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

📜 Stanley Cup betting history

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

❓ Stanley Cup Final FAQs

Who is the Stanley Cup Final favorite?

The Colorado Avalanche are the 2026 Stanley Cup odds favorite. Their best odds stand at +310, representing an implied win probability of 24.39%, 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 do the NHL playoffs start? 

Last season, the playoffs started on Saturday, April 19, 2025.  This season's playoffs should start close to that date. 

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.