The 2025 Stanley Cup Playoffs begin with 16 teams looking to be the last one standing after four grueling rounds of playoff hockey action. The Florida Panthers return to defend their championship, but will have to contend with regular-season powerhouses including the Winnipeg Jets, Washington Capitals and Edmonton Oilers.
The Toronto Maple Leafs will look to snap the longest championship drought in NHL history, and to do so they will have to get through their provincial rivals, the Ottawa Senators, led by Brady Tkachuk and Jake Sanderson. In the Metropolitan Division, Nico Hischier and the banged-up New Jersey Devils will take on the Carolina Hurricanes, who saw a breakout campaign from rookie forward Jackson Blake. The Panthers will have to contend with their cross-state rival Tampa Bay Lightning, who have been one of the league’s hottest teams in the second half.
In the West, two of the favorites clash in the first round as the Dallas Stars take on the Colorado Avalanche … with former Avs star Mikko Rantanen suiting up for the green and white of Dallas. Last year’s Conn Smythe Trophy winner, Connor McDavid, won the top award for playoffs MVP despite his team not winning the championship. This year, he hopes to win it again, but on a happier note. Below, you can see all of the top favorites for Conn Smythe, as well as the odds for every team to win their opening-round series, advance to, and to win the Stanley Cup.
All odds accurate as of publish time. For more, go to ESPN BET. 
Odds to win Conn Smythe trophy
The Conn Smythe is awarded to the player deemed to have been the most valuable to his team throughout the playoffs. Players listed with 200-1 odds or better. More odds available at ESPN BET.
Connor Hellebuyck, Jets: 12-1
Nathan MacKinnon, Avalanche: 12-1
Connor McDavid, Oilers: 16-1
Cale Makar, Avalanche: 20-1
Jake Oettinger, Stars: 20-1
Leon Draisaitl, Oilers: 20-1
Aleksander Barkov, Panthers: 25-1
Alex Ovechkin, Capitals: 25-1
Jack Eichel, Golden Knights: 25-1
Sergei Bobrovsky, Panthers: 25-1
Andrei Vasilevskiy, Lightning: 30-1
Auston Matthews, Maple Leafs: 30-1
Matthew Tkachuk, Panthers: 30-1
Mikko Rantanen, Stars: 30-1
Nikita Kucherov, Lightning: 30-1
Roope Hintz, Stars: 40-1
Sam Reinhart, Panthers: 40-1
Sebastian Aho, Hurricanes: 40-1
Seth Jarvis, Hurricanes: 40-1
Wyatt Johnston, Stars: 40-1
Adin Hill, Golden Knights: 50-1
Brayden Point, Lightning: 50-1
Jason Robertson, Stars: 50-1
Kirill Kaprizov, Wild: 50-1
Logan Thompson, Capitals: 50-1
Mark Stone, Golden Knights: 50-1
Mitch Marner, Maple Leafs: 50-1
William Nylander, Maple Leafs: 50-1
Adrian Kempe, Kings: 60-1
Dylan Strome, Capitals: 60-1
Kyle Connor, Jets: 60-1
Anthony Stolarz, Maple Leafs: 75-1
Darcy Kuemper, Kings: 75-1
Anze Kopitar, Kings: 100-1
Brady Tkachuk, Senators: 100-1
Filip Gustavsson, Wild: 100-1
Frederik Andersen, Hurricanes: 100-1
Jacob Markstrom, Devils: 100-1
Jake Guentzel, Lightning: 100-1
Jordan Binnington, Blues: 100-1
Kevin Fiala, Kings: 100-1
Linus Ullmark, Senators: 100-1
Mackenzie Blackwood, Avalanche: 100-1
Mark Scheifele, Jets: 100-1
Matt Duchene, Stars: 100-1
Miro Heiskanen, Stars: 100-1
Nico Hischier, Devils: 100-1
Pyotr Kochetkov, Hurricanes: 100-1
Thomas Harley, Stars: 100-1
Tim Stutzle, Senators: 100-1
Andrei Svechnikov, Hurricanes: 150-1
Brandon Hagel, Lightning: 150-1
Jaccob Slavin, Hurricanes: 150-1
Joseph Woll, Maple Leafs: 150-1
Martin Necas, Avalanche: 150-1
Pierre-Luc Dubois, Capitals: 150-1
Sam Bennett, Panthers: 150-1
Shea Theodore, Golden Knights: 150-1
Tom Wilson, Capitals: 150-1
Tomas Hertl, Golden Knights: 150-1
Victor Hedman, Lightning: 150-1
Aliaksei Protas, Capitals: 200-1
Brad Marchand, Panthers: 200-1
Carter Verhaeghe, Panthers: 200-1
Jesper Bratt, Devils: 200-1
John Tavares, Maple Leafs: 200-1
Jordan Kyrou, Blues: 200-1
Robert Thomas, Blues: 200-1
Stuart Skinner, Oilers: 200-1
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