It is a peculiar sight when the New York Rangers (33-38-9) walk into Amerant Bank Arena in Sunrise, Florida as the moneyline favorite against the Florida Panthers (38-38-4), but that is exactly what Monday night’s matchup brings. The Panthers are a team with two Stanley Cup championships in their recent memory, but 2026 has been an absolute grind for Florida. Meanwhile, the Rangers have quietly turned their season around enough to be trusted by oddsmakers on the road. The contrasts here are fascinating.
Florida has stumbled badly down the stretch. The Panthers are 1-4 in their last five games and a nightmarish 1-4 against the spread over that same stretch. Their most recent results include a 5-1 loss to Ottawa, a 3-4 loss to Montreal, and back-to-back blowout losses to Pittsburgh earlier this month. For a franchise that was hoisting the Cup not long ago, this is a genuinely alarming skid. The Rangers, by contrast, recently strung together back-to-back wins and bring Igor Shesterkin — one of the best goalies on the planet — into this building.
The Rangers opened as slight underdogs early in the week but have since moved to a clear favorite position as Florida’s form has cratered. The line movement reflects the market’s growing concern about the Panthers’ ability to hold it together over the final games of the regular season.
New York is priced around -120 to -130 on the moneyline, with Florida coming in as a home underdog at +100 to +115. The puck line sits at Rangers -1.5 at a generous +205 to +210, while the total is set at 6 to 6.5 goals. With the over hitting in four of the Panthers’ last five games, the over deserves serious consideration despite the pricing. Public betting is split 50/50 on this one, which is unusual — typically the Rangers draw heavy public action as a New York team.
The biggest single factor in this game is Igor Shesterkin versus Sergei Bobrovsky, and that is not a slight on Bobrovsky — he is a future Hall of Famer. But Shesterkin at full tilt is arguably the best goalie in hockey right now. He carries a career 2.49 GAA and a .916 save percentage across 324 NHL games, with a 187-106-28 record. His quality-start percentage of .627 means that more than six in ten of his starts, he gives his team a real chance to win. Against a Panthers team that is struggling to put the puck in the net consistently right now, that is a significant advantage.
Bobrovsky, at 2.56 GAA against opponents this season, has his own pedigree — 456-266-58 career record, .912 career save percentage, 455 quality starts. But he has been inconsistent this year, and the Panthers’ defensive structure in front of him has not been the tight, disciplined operation that defined their Cup runs. Florida has allowed 3.1 goals per game on the season, a number that reflects a team that has given up more than its identity would suggest.
Offensively, the numbers are closer than the records suggest. Florida averages 2.94 goals per game against the Rangers’ 2.86 — virtually identical production. The Panthers’ power play has gone 51 goals in 262 opportunities, a 19.47% rate. New York has clicked at 25.49% on the man advantage, scoring 52 goals in 204 power-play chances. Shesterkin’s team has also been better defensively overall, surrendering 242 goals on the season versus Florida’s 269 allowed.
Trea Turner, Mika Zibanejad, and Vincent Trocheck form the backbone of the Rangers’ offensive attack — a trio that can punish a struggling defense like Florida’s has been lately. The Panthers have been outscored badly in their recent stretch, and there is no obvious reason to expect that to reverse itself Monday night. Key Panthers players have not been producing at the level Florida needs to compete with elite goaltending on the other side.
The Rangers come in with a 33-38-9 record that is more respectable than it looks on paper. New York is 23-16 away from Madison Square Garden, which means they travel reasonably well. They are 31-17 straight up as the underdog this season — that is a remarkable 31 wins when expected to lose. This is a team that knows how to steal games.
Florida’s home record has been better than their overall mark would suggest — they are 21-15-3 at Amerant Bank Arena — but that home advantage only matters if they bring the right level of compete. The last five games suggest the Panthers are mentally somewhere else. Teams that go 1-4 with four of those losses by multiple goals are not teams locked in for a run. They are teams drifting toward the offseason.
This comes down to Shesterkin being the difference maker. When he is on — and he has been healthy this stretch — the Rangers can beat anyone in the league, including a two-time champion with home-ice advantage. Florida’s recent form is indefensible, and it takes more than home ice to override the kind of collapse they have been on.
The Rangers at around -122 to -126 represent genuine value against a Florida team that is spiraling at exactly the wrong time of year. Shesterkin gives New York a ceiling that most teams cannot match, and a Panthers squad allowing 3.1 goals a game at even strength has the vulnerabilities for him to exploit. Back the Rangers here.
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