The Stanley Cup has been handed out for the 2025-26 season and the National Hockey League ecosystem is getting ready for the hockey calendar to flip over to 2026-27.

The Calgary Flames finished the 2025-26 season with a 34-39-9 record for 75 points, putting them at 29th overall – just ahead of the New York Rangers on the regulation wins tiebreaker – and fourth-from-last in the overall standings.

As the odds-makers look ahead to the 2026-27 season, they’ve begun posting futures bets, among them for the potential Stanley Cup winner for the upcoming campaign. Over at bet365, the Calgary Flames are big long-shots to raise the Cup in June 2027, with +35,000 odds. In other words, a $100 bet would pay out $35,000 in winners on top of the initial bet. Heck, a $1 bet would pay out $350 on top of the initial bet.

The only team with longer odds than the Flames? The Vancouver Canucks, at +40,000.

Are the long odds merited? Well, the Flames began the 2025-26 season with high hopes and a fairly veteran-laden roster, but they got out to an all-time bad start, going 2-8-2 in October and essentially sinking their post-season hopes after the season’s first month. They played pretty well the rest of the way, but they opted to build towards the future, trading away Rasmus Andersson in January, MacKenzie Weegar in February and Nazem Kadri in March.

And with the future of alternate captain Blake Coleman unclear as he enters the final season of his current contract, it’s probable that he, too, could find himself wearing a different team’s jersey when the next season begins.

In short: the long odds could be merited.

For the curious, the odds for the other Canadian teams include Edmonton at +1,100, Ottawa at +1,600, Montreal at +2,200, Toronto at +4,000 and Winnipeg at +5,000. The odds-makers’ favourite to win the Stanley Cup next season? The reigning champions, the Carolina Hurricanes, at +750.

The 2026-27 season, the first with 84 games since 1993-94, begins this October.