After losing the 2024 Stanley Cup Final to the Florida Panthers, Connor McDavid and the Edmonton Oilers are the favorites to raise the Cup in 2025.
Acquiring star forward Mikko Rantanen in a trade with the Colorado Avalanche, the Carolina Hurricanes -- already second-favorites -- moved from +800 to +650 to win the Stanley Cup. The Hurricanes -- previously tied with the Panthers atop the Eastern Conference at +375 -- are the new favorites to win the conference at +325, followed by the Panthers, New Jersey Devils and Toronto Maple Leafs. The Devils will be without starting goalie Jacob Markstrom for four-to-six weeks due to an MCL sprain.
The Dallas Stars, Vegas Golden Knights and aforementioned Avalanche are right behind the Oilers in the odds to win the Western Conference.
The red-hot Alex Ovechkin and the Washington Capitals are odds-on favorites to win the Metropolitan division and the current leader in President's Trophy odds.
For more, here is how Ovechkin's chase for the all-time NHL goals record has turned into the hockey's most popular prop bet.
Here are every team's odds to to win their division, conference and the Stanley Cup for the 2024-25 NHL season.
Latest odds as of publication. For latest odds movement, go to ESPN BET.
More on NHL
NHL Betting: How do backup goalies affect the lines?
Fantasy hockey: Risers and fallers