The Washington Capitals are well on their way to winning the Presidents’ Trophy for the third time in eight years, but that will not mean a thing if they are not hoisting the Stanley Cup for the first time in franchise history.

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The Capitals (42-13-7) are three points ahead of the Minnesota Wild (41-14-6) for the NHL’s best record right now, and they are listed as the +500 favorites (bet $100 to win $500) on the odds to win the Stanley Cup in June.

Washington also finished with a league-best 120 points last season but fell to the eventual league champion Pittsburgh Penguins (38-16-8) in a six-game second-round playoff series. The Penguins are seven points behind the Caps in the race for the Metropolitan Division title after losing 4-1 to the Chicago Blackhawks (40-18-5) on Wednesday.