Stanley Cup Betting Odds

The 2022-23 NHL season is well underway in the new year, and now is a great time to examine updated Stanley Cup betting odds at DraftKings Michigan.   

Whether you want to bet on the Detroit Red Wings or any other NHL team, these odds are available throughout the calendar year. We wouldn’t recommend a bet on the Wings, though, as DraftKings has them at +20000 as of this update.

Let’s look at futures odds for teams near the top of the betting board. Bettors can make Stanley Cup wagers with any licensed sports betting apps in the state.

Here’s a look at Stanley Cup betting odds from DraftKings as of Jan. 12, 2023. 

2023 Stanley Cup Odds at DraftKings Michigan

TeamDraftKings Stanley Cup Odds
Avalanche +600
Hurricanes +800
Maple Leafs +1000
Lightning +1400

Boston Bruins (+500)

The Bruins came out of nowhere to assume the status of Stanley Cup betting favorite. Boston leads the Atlantic Division with a record of 32-4-4, nine points clear of second-place Toronto.

In the season’s first 40 games, David Pastrnak has set a torrid pace with 30 goals. The dynamic forward is on pace for 66 goals this season, which would make him only the second player in franchise history to score 60+ along with Boston legend Phil Esposito.

Colorado Avalanche (+600)

The Avalanche started the season as the betting favorite to win the Stanley Cup. Colorado is the defending NHL champion, but it has been bit by the injury bug this season. Star forward Nathan MacKinnon has returned after missing nearly all of December with an upper body injury. MacKinnon led the Avs with 34 points before getting hurt against the Flyers in early December.

The Avs made MacKinnon the league’s highest-paid player with an eight-year contract worth $100.8 million before the season started. Captain Gabriel Landeskog had knee surgery in October, and the Avs have been without his services the entire season.  

Carolina Hurricanes (+800)

Carolina was leading the Metropolitan Division with a record of 25-9-7 as of this writing. Center Martin Necas has been a force for the Hurricanes. Necas led the Canes with 39 points and 142 shots on goal at the midway mark of the regular season.

Right wing Andrei Svechnikov was Carolina’s top sniper with 19 goals. Ageless defenseman Brent Burns had made an immediate impact after being traded from San Jose in the offseason. Burns leads the Canes in assists (23) and penalty minutes (32).  

Vegas Golden Knights (+900)

Goaltender Logan Thompson has been a welcome surprise for the Knights after Robin Lehner missed the entire season due to hip surgery.

Thompson is among the leading candidates to capture this year’s Calder Trophy as the NHL’s top rookie. Thompson (+600) was the third betting favorite at DraftKings as of this update. He’s 18-10-1 with a 2.66 goals against average and two shutouts halfway through the regular season.

Toronto Maple Leafs (+1000)

The Maple Leafs were the NHL’s third-best team at the midway point of the regular season. Mitchell Marner has been on a heater for Toronto. The 25-year-old right wing has a team-high 50 points. Marner also amassed a 23-game point streak, the longest in Toronto’s franchise history. 

The goaltending duo of Ilya Samsonov and Matt Murray has performed better than expected for Toronto, which is seeking its first Stanley Cup since 1967. Murray came over from Ottawa in the offseason, but suffered a groin injury after appearing in only one game.

Murray (11-4-2) and Samsonov (12-3-1) have effectively split their starts and helped Toronto to remain among the NHL’s Stanley Cup contenders this season.

Where Can I Bet on the Stanley Cup Online in Michigan?

DraftKings Sportsbook

Visit: DraftKings Sportsbook to claim a 20% deposit match bonus of up to $1,000 + $50 free bet with $5 deposit.

DraftKings Sportsbook strikes one of the most recognizable presences of any brand in the legal sports betting industry. Hockey enthusiasts can find a substantial offering of NHL betting markets at DraftKings Sportsbook.

Signing up for a new DraftKings Sportsbook MI account unlocks a 20% deposit match bonus up to $1,000 along with a $50 free bet with a $5 deposit.


Visit: BetMGM Michigan to claim a risk-free bet of up to $1,000 with bonus code SHARP.

BetMGM has emerged as a major player in the US sports betting boom. The online sportsbook bearing the BetMGM name offers a wide selection of sports, including extensive NHL betting markets.

BetMGM recently updated its welcome bonus offers, which now includes a risk-free bet up to $1,000. BetMGM Michigan offers sports betting and online casino gaming in an integrated app.


Visit: BetRivers MI to claim a 100% deposit match bonus up to $500 with bonus code SHARPRIV.

Hockey bettors can find the whole gamut of NHL wagering options at BetRivers Sportsbook. Moneyline, spread, parlays, and live betting represent some of the ways to bet on the NHL at BetRivers.

BetRivers Sportsbook offers one of the most generous welcome bonuses in the industry. New players can unlock a 100% deposit match up to $500, which comes with a player-friendly 1x playthrough requirement.

Michigan bettors can wager on the NHL at BetRivers Sportsbook from anywhere within state lines.

FanDuel Sportsbook

Visit: FanDuel Sportsbook to claim a “no sweat first bet” up to  $1,000.

An overwhelmingly popular choice for bettors, FanDuel Sportsbook stands as the No. 1 legal online sportsbook in the US by market share.

NHL betting at FanDuel Sportsbook includes a comprehensive menu of options, including extensive player and team futures markets.

FanDuel Sportsbook welcomes new bettors in Michigan with a “no sweat first bet” up to $1,000.


Visit: PointsBet MI to claim two risk-free bets worth up to $250.

PointsBet offers a kind of NHL wagering you won’t find at any other sportsbook. In addition to an extensive selection of traditional betting markets, the sportsbook’s “PointsBetting” wagering option allows you to win or lose more money based on the margin of victory.

New Michigan bettors can find a welcome bonus at PointsBet that includes two risk-free bets up to $250. The offer covers one risk-free PointsBetting wager up to $1,500, and one risk-free fixed odds wager up to $500.

Welcome Bonus Offers at Michigan’s Top Legal Online Sportsbooks

How to Place Online Stanley Cup Bets in Michigan

Registering at an Online Sportsbook

You can use MichiganSharp’s online sports betting guide as a resource to find which online sportsbooks operate in Michigan.

Each of the mobile sportsbooks featured here at offers an extensive array of NHL betting options. The welcome bonuses and other promotions vary across the different sportsbooks, however.

To sign up for a new account at an online sportsbook, you’ll be asked for your name, a valid email address, and the last four digits of your Social Security Number.

Making Your First Deposit

Most online sportsbooks use a tab labeled “Cashier” or “Add Funds” to indicate where you can find deposit options.

Some of the best ways to fund an online sportsbook account include ACH/eCheck, PayPal, the Play+ Prepaid card, and credit/debit cards.

Verifying Your Location

US sports betting laws require bettors to be located within a state that allows legal online sports wagering in order to place bets. To place an NHL bet at FanDuel Sportsbook Michigan, for instance, you must be located within Michigan at the time of the bet.

Online sportsbooks use geolocation technology to verify your location any time you’re logged in. You’ll be blocked from placing bets if you’re outside state lines.

Making Bets

Once you’ve registered for a sportsbook account and made your first deposit, you can place bets by simply clicking on a line of your choice. Clicking a line sends the potential wager to your bet slip, usually at the right of the screen.

The bet slip allows you to input the amount you wish to wager and displays the potential payout. If all of the details of your chosen wager look good, click “Confirm” (or something similar) to finalize the bet.

Cashing Out

Most withdrawal methods offered at online sportsbooks take 2-5 business days for the transfer to complete.

Many online sportsbooks only allow you to withdraw using a method you’ve previously used to deposit. PayPal, Play+, and ACH/eCheck can all be used as reliable cashout methods.

How Stanley Cup Odds are Calculated

You’ll notice a “+” or “-“ sign in front of any payout odds displayed at a US sportsbook. These notations indicate the American odds format.

No matter how strong the contender, the teams listed in the Stanley Cup championship futures odds almost always have the “+” American odds notation.  

A bet on the Colorado Avalanche at +350 would use the “+” American odds formula. A $100 bet on the Avalanche winning the 2022 Stanley Cup will return $350 (and you’ll get your initial $100 stake back) if Colorado wins it all.

NHL futures odds can shift significantly throughout the season. Factors that can change futures odds include trades, injuries, and longshot teams winning at an unexpected rate.

NHL Stanley Cup Odds and Betting in Michigan

What is a Stanley Cup Futures Bet?

Futures betting involves placing a bet on the next league champion. NHL Stanley Cup futures bets can be placed at any point during the year, even in the offseason.

Using our example above, if you bet $100 on the Colorado Avalanche to win the 2022 Stanley Cup, you’ve made a futures bet. As the name suggests, the bet revolves around an outcome that takes place in the future.

Futures markets aren’t just limited to which team will win a league championship. Player futures include opportunities to bet on which player will win an accolade like the Maurice “Rocket” Richard Trophy, which goes to the league’s leading goal scorer at the end of the regular season.

What is a Stanley Cup Prop Bet?

Prop bets allow you to wager on events related to the Stanley Cup Finals, aside from just the finals score. Prop bets opportunities for the NHL championship could involve betting on an event from a single game or across the entire series.

Player prop bets, for example, can be made on the number of goals or shots a player will have in a game. Other Stanley Cup props could include betting on how many games the series will go or whether a shutout will occur at any time in the Stanley Cup Finals.

Stanley Cup Finals Betting Strategies

Fading the Public

Sportsbooks wouldn’t make money if the betting public could consistently pick winners. Fading the public represents a betting strategy that purposefully goes against picks made by large segments of the public.

For example, if you saw that 70% of all bets were on Tampa Bay for Game 1 of last year’s Stanley Cup Finals, you’d take Montreal if you wanted to employ the fading the public strategy. That wouldn’t have worked out as Tampa Bay won Game 1 by a score of 5-1, but you get the idea.

Alternate Lines

Point spread betting (also known as puckline betting in the NHL) generally offers relatively even odds on both sides of the puckline.

Some sportsbooks offer alternate lines on point spread wagers, shifting the line and odds on both sides. For example, a line like Tampa Bay (-1.0) might pay at (+110), but an alternate line could offer Tampa Bay (-1.5) at (+164).


A middling betting strategy aims to take advantage of lines that move significantly and get money on both sides of a bet in a way that yields profit no matter what.

For instance, let’s say you put money on Tampa Bay (-1.5) at (+164) payout odds in a game from last year’s Stanley Cup Finals. If at any point you found a Montreal (+1.5) line at (-163) or better, you could bet the Montreal line as well and make money on the bet, regardless of which team won the game.

Michigan Betting Odds for the Stanley Cup FAQs

Is Betting On The Stanley Cup Legal In Michigan?

Yes. Michigan legalized sports betting in December 2019. The state currently offers several different online sportsbooks, including DraftKings Sportsbook, FanDuel Sportsbook, BetRivers, and several others.

Many commercial and tribal casinos in Michigan operate retail sportsbooks as well.

How Old Do I Need To Be To Bet On The Stanley Cup At An Online Sportsbook?

21 or over. Michigan gaming laws require bettors to be at least 21 to legally bet online. This age applies to all legal online sportsbooks, no matter what the minimum age requirement is at the land-based casino license partner of the sportsbook.

Is It Safe To Place A Bet On The Stanley Cup Online?

Yes, if you’re making the bet at one of Michigan’s legal and regulated sportsbooks. Placing an online wager at a legal online sportsbook in Michigan comes with the same level of safety as making a bet at a land-based casino.

Do Online Sportsbooks Offer Live Betting During The Stanley Cup?

Yes. Live betting features lines that change rapidly as the game goes on, based on what happens from minute to minute.

Michigan’s top online sportsbooks offer extensive live betting options on all NHL games, including the Stanley Cup Playoffs.

What Kind Of Prop Bets Can I Make On The Stanley Cup?

Prop bets on the Stanley Cup Finals could include wagering on which player scores the most goals in the series.

Other Stanley Cup props could include betting on whether a particular player will score a goal in a chosen game or whether any game in the series will go to overtime.

What Team Is The Current Favorite To Win The 2023 Stanley Cup?

The Boston Bruins are the betting favorite to win the 2023 Stanley Cup with odds of +500 at DraftKings Michigan.  

About the Author

Kris Johnson

Kris is a Senior Writer at Michigan Sharp. With more than 15 years of experience as a sports journalist, Kris Johnson’s work has appeared in Sports Business Daily, Sports Business Journal, NASCAR Illustrated, and more. Kris also wrote a sports-betting novel entitled The Endgame.