Stanley Cup Betting Odds

Stanley Cup futures bets allow wagering on the next NHL champion at any time of year. Legal sportsbooks in Michigan offer futures lines throughout the NHL regular season and playoffs, right up until the two participants in the Stanley Cup Finals are determined. Bettors can place Stanley Cup wagers in Michigan at any licensed sports betting app, even if the local favorite is not playing. 

As soon as the Stanley Cup Finals end, sportsbooks set the lines for the next NHL championship. The Tampa Bay Lightning entered the 2019-2020 season as the favorite to win the NHL title and proved the books correct by hoisting the Stanley Cup at the end of the season.

Tampa Bay, along with the Colorado Avalanche and Vegas Golden Knights, entered the 2021 season atop the futures odds markets. As of right now, the Detroit Red Wings are not favored to win the Stanley Cup, but bettors can still bet on the Stanley Cup in Michigan. 

Current Stanley Cup Odds At Michigan Sportsbooks

Colorado Avalanche (+600 At DraftKings Sportsbook)

The Colorado Avalanche finished second in the Western Conference last season, tied for the league’s third-best record. Colorado advanced to the conference semifinals in the Stanley Cup Playoffs, bowing out in a seven-game series against the Dallas Stars.

The seventh game of that series went into overtime, with the Avalanche coming up tantalizingly short of advancing to the next round. The sportsbooks set Colorado as one of the favorites to win it all in 2021.

Vegas Golden Knights (+700 At FanDuel Sportsbook)

A perennial playoff contender since joining the league as an expansion team in 2017-2018. FanDuel Sportsbook sets both the Golden Knights and the Avalanche as co-favorites to win the Stanley Cup, with both teams at (+700) futures odds.

BetRivers and DraftKings Sportsbooks place longer odds on the Golden Knights, with the Las Vegas NHL franchise offered at (+1000) at both sportsbooks. Vegas battled all the way to the Western Conference Finals last year, losing to Dallas in five games.

Tampa Bay Lightning (+800 At BetRivers)

The defending Stanley Cup champion Tampa Bay Lightning entered the 2021 season as a strong contender to repeat in the eyes of the sportsbooks. The 2021 season marks the third straight year in which Tampa Bay sits at or near the top of the futures odds markets.

Tampa Bay lost only six games in last year’s NHL playoffs en route to the Stanley Cup championship. The Eastern Conference powerhouse could very well once again emerge as one of the final two teams left standing in the 2021 playoffs.

Where Can I Bet On The Stanley Cup Online In Michigan?

BetRivers

Visit: BetRivers MI to claim a 100% deposit match bonus up to $250.

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 $250, 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 risk-free bet for 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 risk-free bet up to $1,000.

BetMGM

Visit: BetMGM Michigan to claim a risk-free bet of up to $600.

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 $600. BetMGM Michigan offers sports betting and online casino gaming in an integrated app.

PointsBet

Visit: PointsBet MI to claim two risk-free bets worth up to $2,000.

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 $2,000. The offer covers one risk-free PointsBetting wager up to $1,500, and one risk-free fixed odds wager up to $500.

DraftKings Sportsbook

Visit: DraftKings Sportsbook to claim a 20% deposit match bonus of up to $1,000.

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.

Welcome Bonus Offers At Michigan’s Top Legal Online Sportsbooks

  • BetRivers – 100% deposit match up to $250 (claim here)
  • WynnBet – Risk free bet up to $1000 (claim here)
  • William Hill – Up to $2021 in a risk free bet (claim here)
  • FanDuel Sportsbook – Risk-free bet up to $1,000 (claim here)
  • BetMGM – Risk-free bet up to $600 (claim here)
  • PointsBet – Two risk-free bets up to $2,000 (claim here)
  • DraftKings Sportsbook – 20% deposit match bonus up to $1,000 (claim here)

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 MichiganSharp.com 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. For example, the 2021 Stanley Cup futures odds at BetRivers looked like this on February 24:

TeamOdds To Win The 2021 Stanley Cup
Colorado Avalanche+600
Toronto Maple Leafs+800
Boston Bruins+800
Tampa Bay Lightning+800
Vegas Golden Knights+1000

A bet on the Colorado Avalanche at (+600) would use the “+” American odds formula. To figure out “+” American odds, divide the odds by 100 and multiply by the size of the bet.

A $50 bet on the Avalanche winning the 2021 Stanley Cup, for instance, calculates as (600/100)*$50, which gives us a solution of $300. A $50 on Colorado (+600) returns $350 to the bettor ($300 profit plus the original $50 bet).

That $300 profit only happens if the Avalanche wins the Stanley Cup. If any other team wins the NHL championship, the $50 bet on Colorado loses, and the bettor gets a $0 return.

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.

For example, the Tampa Bay Lightning won the 2019-2020 Stanley Cup, clinching the title on September 28, 2020. If you logged into DraftKings Sportsbook the following day, you could already place futures bets on the 2021 NHL champion.

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.

DraftKings Sportsbook, for instance, offered lines on which players would score a goal in Game 6 of the 2019-2020 Stanley Cup Finals. DraftKings set Tampa Bay superstar Nikita Kucherov as the most likely player to score at (+175) odds.

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 Dallas if you wanted to employ the fading the public strategy.

Alternate Lines

Point spread betting (aka puck line betting in the NHL) generally offers relatively even odds on both sides of the puck line.

Some sportsbooks offer alternate lines on point spread wagers, shifting the line and the 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).

Middling

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 Dallas (+1.5) line at (-163) or better, you could bet the Dallas 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, regulated sportsbooks. All of the mobile sportsbooks featured here at MichiganSharp.com operate as officially licensed products of Michigan’s casinos.

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 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.

Can I Bet On Events Happening Off The Ice?

At some sportsbooks, yes. Off-ice events fall into the category of exotic prop bets and function as fun bets based almost entirely on luck.

Off-ice prop bets could include wagering on the length of the National Anthem (whether it’s O Canada or the Star-Spangled Banner) or on what beer company gets the first commercial during a game.

What Team Is The Current Favorite To Win The 2021 Stanley Cup?

According to the sportsbooks, the Tampa Bay Lightning, Colorado Avalanche, and Vegas Golden Knights are among the favorites to win the 2021 Stanley Cup.

Stanley Cup futures odds can change significantly throughout the season, however, especially if a major trade or injury affects one of the favored teams.

When Are The 2021 Stanley Cup Finals?

The Stanley Cup Playoffs begin May 11, 2021. The start date for the Stanley Cup Finals is dependant on how many games it takes to determine the final two teams.

The latest possible day for the Stanley Cup Finals to run is July 9. The best-of-seven series will take place at the home arenas of the two teams that advance through the Eastern Conference and Western Conference playoff brackets.

About the Author

Geoffrey Fisk

Geoff Fisk is a San Diego-based freelance writer, specializing in the poker and gambling industries. He’s written for numerous platforms and has traveled the globe as a live poker tournament reporter. Geoff’s interests include the legal online poker industry in the U.S. and abroad.