Early 2025-26 Stanley Cup Odds

The Florida Panthers became the 16^th team in NHL history to win two or more consecutive Stanley Cups, defeating the Edmonton Oilers for a second straight season. The Panthers are favoured to win once again with +600 odds over, which would make them the fifth team to three-peat in NHL history.

The last team to three-peat was the New York Islanders in 1982, and the Panthers are well set up to join them in the history books.

Here is a list of the top 10 most likely teams to hoist the Stanley Cup in 2025-2026:

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The Panthers only lost two players that appeared in the Stanley Cup Finals for them, and they were able to extend Brad Marchand, Sam Bennett, and Aaron Ekblad. They have the majority of their core locked up for the foreseeable future, and they are coming into this season just as strong as the last.

Florida is coming off three straight finals appearances, and they are looking to become the fifth team to make it in four consecutive years. The last team to make four consecutive appearances was the New York Islanders in 1983, and the only other team to achieve the feat is the Montreal Canadiens who did it three separate times.

The Oilers and the Hurricanes remain the top two teams standing in the Panthers way. Florida took down Carolina in just five games last season, before moving on to the finals and defeating Edmonton in six.

The Oilers look very similar heading into 2025-26, hoping to become the second runner up since 1990 to go on and win the Stanley Cup, and the first Canadian team to win since 1993. The Hurricanes on the other hand had an excellent offseason, finally adding a top six winger in Nikolaj Ehlers and replacing Brent Burns with K’Andre Miller.

The biggest move of the offseason came when Mitch Marner was traded from Toronto to Vegas, which dropped the Maple Leafs odds significantly and shifted the Golden Knights ahead of them. This could be a blessing in disguise for Leafs fans however, as Toronto now has $25 million in cap space to fill out the rest of its roster.

The Leafs were the only team to take Florida to seven games in the playoffs last season, and they almost went up 3-0 in that series had it not been for a Brad Marchand overtime goal.

Anthony Solarz looked like a true number one in the playoffs, and his absence was certainly a factor in that series. With some shrewd moves from the front office to offset the loss of Marner and Solarz back to full strength, the Leafs could be a great value bet at +1800 odds.