Stanley Cup Betting Sites: Odds & How to Bet (March 2025)

If you’ve been wondering where to bet on Stanley Cup, we’ve got the answers for you! With so many options, narrowing it down can be a difficult task, but with our guide, you’ll learn where and how to bet on the Stanley Cup.

Best Stanley Cup Betting Sites

No sport captivates fans quite like the NHL Playoffs. Every shift matters, every goal is a potential season-ender, and the razor-thin margins make for truly heart-pounding action. This is why it’s so crucial to find the right sportsbook when it comes to betting on the Stanley Cup. 

But our guide isn’t just another generic list of sports betting sites that happen to offer Stanley Cup odds. We dig deeper, delivering mini sportsbook reviews of the top Stanley Cup betting sites and offering valuable information you can actually use to make more confident picks.

The NHL playoffs are where legends are made, and the Stanley Cup race is as unpredictable as ever. Every year, teams enter the postseason with sky-high expectations, only to be met with heartbreak or glory. So, who has the best shot at hoisting Lord Stanley’s Cup this year? Based on the latest Stanley Cup odds from top NHL betting sites, I’ve put together a list of contenders.

Team
Edmonton Oilers	+575	+600	+650	+650
Carolina Hurricanes	+650	+700	+650	+650
Florida Panthers	+850	+900	+800	+800
Dallas Stars	+900	+900	+1000	+1000
Washington Capitals	+1100	+1200	+1000	+1000
Toronto Maple Leafs	+1200	+1000	+1100	+1100
Winnipeg Jets	+1300	+800	+1200	+1200
Colorado Avalanche	+1300	+1200	+1100	+1100
New Jersey Devils	+1200	+1200	+1400	+1400
Vegas Golden Knights	+1200	+1200	+1400	+1400

The Stanley Cup is as unpredictable as it gets, as anything can happen in Hockey. If you’re wondering who’s the favourite for the Stanley Cup, there are a few teams that come to mind.

Edmonton Oilers: The Oilers have been on a tear all season as Connor McDavid and Leon Draisaitl continue to lead the league in scoring, making Edmonton's offence one of the best in the NHL. Goaltender Stuart Skinner has also stepped up, providing the stability in net that the team has long sought. With their current momentum, the Oilers are poised to make another deep playoff run.

Carolina Hurricanes: The Hurricanes made a significant move by acquiring forward Mikko Rantanen, bolstering their offensive depth. With Rantanen being a perennial 100-point scorer, the team has one of the league’s strongest cores, featuring a balanced attack and a solid defensive unit. Carolina's consistent performance throughout the season keeps them in the conversation as a contender.

Florida Panthers: As the 2023-2024 Stanley Cup champions, the Panthers have maintained a competitive edge. Captain Aleksander Barkov is delivering one of his best seasons, and forward Sam Reinhart continues to be a key contributor. Despite struggling early, Florida's experience and depth will make them a tough opponent in the playoffs, and their current Stanley Cup odds reflect that.

Dallas Stars: The Stars have been one of the hottest teams in the NHL. Their roster boasts talent like forwards Matt Duchene and Jason Robertson as well as star defenders Miro Heiskanen and Esa Lindell, providing a balanced attack and sturdy defence. Goaltender Jake Oettinger has been reliable as well, giving Dallas the confidence needed for postseason success.

Washington Capitals: Coming in with little to no expectations, the Capitals have been the biggest surprise this season, holding one of the best records in the NHL. Veteran Alexander Ovechkin continues to defy age, while goaltender Logan Thompson is having a Vezina-caliber season. Washington's blend of experience and emerging talent makes them a dark horse in this year's Stanley Cup race.

Every NHL betting site is built a little bit differently. Some offer incredible odds and markets, while others shine with bonuses, live betting, and seamless mobile apps. But only a handful truly stand out when it comes to betting on the biggest prize in hockey. So, where should you bet? After plenty of research (and more than a few nail-biting wagers), I’ve narrowed it down to five sportsbooks that offer everything you need for an unforgettable Stanley Cup experience.

Now that we’ve given you a look at some of the top Stanley Cup betting sites available for Canadian bettors, you might’ve found some options that sound appealing. If you feel ready, you’re going to want to sign up and place some bets! Let’s take a look at how you can do that, and some things you might need to know before you do.

1. Choose a Reputable Sportsbook - Select a licensed and trustworthy platform that operates legally in Canada and offers NHL betting markets.
2. Create an Account - Sign up by providing the necessary personal information. Ensure that all details are accurate to avoid issues during withdrawals.
3. Deposit Funds - After registration, deposit money into your account. Most sportsbooks accept various payment options, such as Visa, Interac, PayPal, Skrill and Neteller. Some new betting sites even accept cryptocurrencies like Bitcoin, Litecoin and Ethereum.
4. Navigate to NHL Betting - Once funded, go to the sportsbook's NHL section. Here, you'll find various betting options, including moneyline, puck line, totals, and futures bets on the Stanley Cup.
5. Place Your Bet - After selecting your desired bet, enter the amount you wish to wager and confirm your bet. Ensure you review all details before finalizing.
6. Monitor Your Bet - Keep track of your bet's progress. Most sportsbooks offer live betting as well as live streaming or updates, allowing you to follow the action in real-time.
7. Withdraw Winnings - If your bet is successful, you can withdraw your winnings through the sportsbook's cashier section. Withdrawal times vary based on the chosen method.

When it comes to betting, there are many different words and terms that people use to describe popular types of bets. Finding what to be on Stanley Cup can be a challenge, particularly if you’re new to betting. If you’re unfamiliar, or if you just would like a refresher, here is a breakdown of some of the most popular Stanley Cup betting markets, and what exactly they mean.

• Moneyline: Moneyline betting is as straightforward as it gets. If you are betting on a team on the Moneyline, that means that you are picking that team to win the game. There is no point spread or anything like that, it is just for a team to straight up win the game. If you bet the Tampa Bay Lightning on the Moneyline in a Stanley Cup game, that means you would be picking them to win the game they are playing.
• Puck Line: Betting on the Puck Line is essentially betting on a hockey game’s point spread. In hockey, the spread is always -1.5 for the favorite, and +1.5 for the underdog. What that means is that the team that is expected to win in hockey is favorited by one and a half goals. If you choose to bet on the favorite, then they need to win the game by two or more goals for your bet to hit. If you bet on the underdog, they need to be within one goal or win outright for your bet to hit.
• Total (over/under): The total is how many goals are expected to be scored throughout a game, or in some cases a period. For this bet, bettors can choose to bet the over or the under. For example, if the Winnipeg Jets and Colorado Avalanche were facing off in the Stanley Cup Finals and the total line for the game was 5.5, bettors could choose whether they believe there will be over that many goals in the game, or under that many goals in the game, and bet accordingly.
• Prop bets: Prop bets are bets that are on specific details of the game. This type of market is the most expansive, as bettors can bet on a massive variety of aspects of the game. For example, you can bet whether a player will score, how many goals a player will score, the number of saves a goalie will get, amount of shots a player will have, and much more. There are countless options for this betting market.
• Future bets: A Future bet in Hockey is a bet on something that isn’t going to be determined right away. What that means is that Future bets aren’t on single games, but rather on something like who will win the Stanley Cup, or who will end up being named the Conn Smythe (playoff MVP) Award winner.
• Parlay betting: Parlay betting is when you combine multiple different bets into one, which increases the payout more than it would’ve if you bet on the two things separately. What that means is each aspect of the bet needs to hit for the bet to be successful though. This is a hard type of bet to utilize in the Stanley Cup because most operators don’t let you make parlays within one game, and this is a type of betting that is more geared towards advanced bettors. However, if you feel comfortable with it, parlaying Stanley Cup bets with other events in sports makes for some fun gambling.

Betting Option Beginners Should Avoid

Sports betting is extremely fun, and getting started is easy. However, that doesn’t mean you should dive in headfirst necessarily. With sports betting, there are some betting options that beginners should avoid.

One such option is staking big money on wild parlay bets. This is a rabbit hole many go down, because parlay bets present the biggest payout, and chasing that crazy win is an adrenaline-inducing way to bet. However, the reason big parlays have massive payouts is that they’re extremely unlikely to hit. Be as careful as you can be when making parlay bets, or avoid them altogether.

With Future bets, by the time you get to the Stanley Cup, they are not as risky as they were before. However, before making a Future bet, do your research! Especially when it comes to the Conn Smythe. The Conn Smythe is a cumulative award from the entire playoffs, so don’t make a future bet on someone to win that award who hasn’t performed to that point of the playoffs.

As the NHL season reaches its climax, sportsbooks roll out a variety of enticing bonuses and promotions to enhance your Stanley Cup betting experience. These offers not only add excitement but also provide additional value to your wagers.

• Odds Boosts - Sportsbooks enhance the payout odds on specific bets, offering greater potential returns. As the final series of the NHL season, platforms like Bet365 and Betway frequently provide boosted Stanley Cup odds. 
• Parlay Insurance - If one leg of your parlay bet falls short, this promotion refunds a portion of your stake as a bonus bet. This safety net encourages bettors to explore multi-leg wagers with reduced risk.
• No-Sweat Bets - Place a wager, and if it doesn't win, receive a refund in the form of bonus bets. FanDuel, for example, offers up to $1,000 in No Sweat Bets, allowing you to bet confidently during the Stanley Cup. 
• Deposit Match Bonuses - Sportsbooks match a percentage of your deposit with bonus funds. DraftKings Sportsbook will match your first deposit 100% up to $1,000, effectively doubling your betting power. 
• Free Bets - Sportsbooks grant bettors a certain amount of free bets, either upon signing up or through specific promotions. For example, Sports Interaction has an “NHL SGP Bet Club”, allowing you to receive an NHL Same Game Parlay $5 bonus bet every week.
• Reload Bonuses - Aimed at existing customers, reload bonuses provide additional funds when you top up your account. TonyBet's Weekly Sports Reload, for example, offers a 50% bonus up to $100 every week, rewarding you with extra betting power.

Here are the previous 10 years of Stanley Cup Winners:

• 2024: Florida Panthers
• 2023: Vegas Golden Knights
• 2022: Colorado Avalanche
• 2021: Tampa Bay Lightning
• 2020: Tampa Bay Lightning
• 2019: St. Louis Blues
• 2018: Washington Capitals
• 2017: Pittsburgh Penguins
• 2016: Pittsburgh Penguins
• 2015: Chicago Blackhawks

• Since 2013, no Presidents' Trophy winner (the team with the best regular-season record) has won the Stanley Cup. 
• Home teams are 2467-1913 in the Stanley Cup Playoffs throughout history.
• Since 2004-05, the underdog has won the Stanley Cup just four times.
• Home teams in the Stanley Cup Playoffs have won 75% of the time when they win Game 1 of the series. 
• Since the 1999-2000 season, the first and second seeds from either conference have accounted for 55% of the Stanley Cup champions.
• The eventual Stanley Cup champion has been in the top 10 for save percentage (SV%) 80% of the time during the regular season.
• Goalies have won the Conn Smythe Trophy as playoff MVP 17 times, second only to centers (20 times).
• Over the past decade, seven out of the last ten Stanley Cup Finals have gone to six games or more.
• No team has been swept in the Stanley Cup Finals since the 1998 Detroit Red Wings.
• Only once in the last 10 NHL playoffs has the team with the best Stanley Cup odds going into the postseason actually won the Stanley Cup (2022 Colorado Avalanche).