Speculative decoding is a powerful technique that attempts to circumvent the autoregressive constraint of modern Large Language Models (LLMs). The aim of speculative decoding techniques is to improve the average inference time of a large, target model without sacrificing its accuracy, by using a more efficient draft model to propose draft tokens which are then verified in parallel. The number of draft tokens produced in each drafting round is referred to as the draft length and is often a static hyperparameter chosen based on the acceptance rate statistics of the draft tokens. However, setting a static draft length can negatively impact performance, especially in scenarios where drafting is expensive and there is a high variance in the number of tokens accepted. Adaptive Entropy-based Draft Length (AdaEDL) is a simple, training and parameter-free criteria which allows for early stopping of the token drafting process by approximating a lower bound on the expected acceptance probability of the drafted token based on the currently observed entropy of the drafted logits. We show that AdaEDL consistently outperforms static draft-length speculative decoding by 10%-57% as well as other training-free draft-stopping techniques by upto 10% in a variety of settings and datasets. At the same time, we show that AdaEDL is more robust than these techniques and preserves performance in high-sampling-temperature scenarios. Since it is training-free, in contrast to techniques that rely on the training of dataset-specific draft-stopping predictors, AdaEDL can seamlessly be integrated into a variety of pre-existing LLM systems.