Grey Cup Odds for 2024
There was an unexpected shock with the CFL odds during the 2023 Grey Cup final after the Winnipeg Blue Bombers, who were considered the heavy favorites to win, were dismantled by the Montreal Alouettes during the second half, resulting in a 28-24 defeat. Impressing with a 12-5-1 record and ready to host the Eastern Final, the Montreal Alouettes are in prime position to defend the title with the best Grey Cup betting odds for 2024. With that in mind, let's take a closer look at the latest 2024 Grey Cup betting odds where the Divisional Semi-Finals is set to take place over the weekend. Below, you can review the odds on is favorite to win the 2024 Grey Cup and the odds on who will reach the 2024 Grey Cup.
Odds to Win Grey Cup 2024
- Montreal Alouettes : +200
- Winnipeg Blue Bombers : +225
- Toronto Argonauts : +375
- Saskatchewan Roughriders : +400
- British Columbia Lions : +750
- Ottawa Redblacks : +1500
Odds to Reach 2024 Grey Cup
- Montreal Alouettes : -170
- Winnipeg Blue Bombers : -160
- Toronto Argonauts : +180
- Saskatchewan Roughriders : +200
- British Columbia Lions : +375
- Ottawa Redblacks : +750
Favourites to Win According to the Latest Grey Cup Betting Odds 2024
The CFL playoffs are finally here, and the Western and Eastern Semi-Finals will take place over the weekend. There are already a handful of teams that are considered favourites to claim the 111th Grey Cup in November. Below, we listed the favorites to win the 2024 Grey Cup, the odds, and why you should consider placing bets on these teams.
Montreal Alouettes (+200)
Nobody believed that the Montreal Alouettes had much of a chance during the playoffs last year. However, five consecutive wins to end the regular season in 2023 resulted in the team leading the table in November after catching fire. While most think that Montreal flourished at the perfect time, the core pieces of the Alouettes remain intact, resulting in a dominating 12-5-1 record. In addition, the defense only allowed 22.4 points each game. The current defending champs are ready to host the Eastern Final where just two wins separate them from a Grey Cup encore.
Winnipeg Blue Bombers (+225)
Even though the Winnipeg Blue Bombers dropped four consecutive games at the start of the season, the pre-season favorites have managed to go 11-3 in the last 14 contests. After an incredible last-second win against the Montreal Alouettes in Week 21, the Winnipeg Blue Bombers claimed the top spot in the West Division for the fourth straight year. Mike O'Shea's club can enter the championship game for the fifth consecutive year if they prevail over the winner of Saskatchewan/British Columbia.
Toronto Argonauts (+375)
The Grey Cup chances for the Toronto Argonauts took a big hit prior to the season when Chad Kelly, the reigning MOP winner, was suspended for a minimum of 9 games after violating the gender-based policy of the CFL. However, the Toronto Argonauts managed to go 5-3 with Chad Kelly under center, impressing with a 98.2 passer rate through 8 starts. The Argonauts finished second behind the Alouettes in the division and will face Ottawa on home soil in the Eastern Semi-Final where the winner will face Montreal the following week.
CFL Postseason Starting Games
The CFL post season will kick off with a two-game slate on Saturday featuring the West and East Semi-Finals. The teams who are on bye this week, the Blue Bombers and Alouettes, are unsurprisingly the Grey Cup odds favourites as they enter the playoffs. However, the four teams that will be in action this weekend, including the Roughriders, Lions, Argonauts, and Redblacks, all come with quarterbacks who are explosive and possess prolific performances. Below, we'll take an in-depth look at the starting games and what you can expect over the weekend.
Ottawa Redblacks at Toronto Argonauts
Set to start on Saturday at 3:00pm ET, the Redblacks are considered a weak team in the playoff field after completing the regular season with a 9-8-1 record, a 2.7 road record, and a -45 point differential. However, Dru Brown (quarterback) closed out the season in remarkable fashion, generating a 7:2 TD:INT and throwing for 845 yards against the Tiger-Cats and Argonauts. However, Ottawa experienced a 38-31 loss against Toronto in the previous game, and the defence of the Redblacks remain a huge concern as the postseason gets underway. The Redblacks allowed three touchdowns and 331 yards against the Argonauts in the previous game, surrendering 425 to Bo Levi Micthell in the finale of Week 21.
The upcoming clash doesn't bode well for such a struggling unit, as Toronto finished with a league high of 514 points, ran a league-high of 57.5 plays per game, and scored 46 touchdowns. Toronto suffered a 41-27 loss on the road against Ottawa during Week 14, but even during a loss, Kelly ignited the Redblacks for 463 years along with three touchdowns, and facilitated three tallies of over 90 receiving yards for pass catchers. The Toronto Argonauts have the capabilities to advance and the firepower to make the Redblacks primarily one-dimensional as it surrendered the fewest rush yards per game along with the lowest yards per carry. For this reason, we believe the Argos will come out with a victory.
B.C Lions at Saskatchewan Roughriders
Set to start at 6:30pm on Saturday, the Roughriders and Lions are two very similar teams who are adept at piling up points and stopping the run with impressive offensive weapons. Both of these teams allowed less than 5.0 yards per carry and under 100 rushing yards per game. However, both were also susceptible to the pass because each team finished in the top half of the CFL league when it comes to pass attempts faced.
This provides an action-packed game that will feature standout passing from capable signal-callers in Trevor Harris and Vernon Adams Jr. during the Lions' season finale, Adams took over for Rourke and threw 385 yards along with two interceptions and two touchdowns while adding 39 rushing yards in a 27-3 victory over the Alouettes. Adams will likely remain in a starting role after his performance which included a win over the Roughriders during Week 6 where he threw for 451 yards along with a touchdown. Vernon Harris Jr should have a complete arsenal of pass catchers, and perhaps Alexander Hollins and Keon Hatcher can step up alongside Justin McInnis who has already produced numerous prolific performances along with Adams as his quarterback during the first couple of weeks of the season.
Trevor Harris has enjoyed a resurgent season, throwing for a total of 3,264 yards over 12 games. As a veteran in the sport, he closed out the season throwing between 271 and 358 yards in 5 of the last 6 games. Similar to Adams, Trevor Harris will also have a wide variety of targets at his disposal, including A.J Ouellette who made a return after a hip injury to complete the regular season in remarkable fashion. Both teams are very closely matched which makes moneyline and points spreads very challenging. For this reason, the most sensible path to take would be totals when you consider the probability of a high-scoring matchup.
How to Read Futures in the Grey Cup Betting Odds
Grey Cup Odds will usually be presented in a format such as -150 or +400. With positive odds like +400, it will indicate how much of a profit you will make when you bet $100. For instance, a $100 bet with odds of +400 would see you win $400 along with your original bet of $100, giving you a total of $500. With negative odds like -150, it will indicate how much you'll be required to bet to win $100. For instance, a bet of $150 with odds of -150 would give you a win of $00 along with your $150 stake, giving you a total win of $250.
The odds will also display the implied probability of a CFL team walking away as the winner of the Grey Cup. Higher odds, such as +700, will indicate a lower probability, while lower odds, such as +150, will indicate a higher probability of winning. Online sportsbooks will adjust the Grey Cup odds based on several factors, including betting patterns, trades, injuries, and team performance. For instance, if the Calgary Stampeders have +400 odds and the Toronto Argonauts have +600 odds, the Stampeders will be considered the team more likely to win. If you had to bet $100 on the Stampeders to win, you will receive $500 in winnings.
How to Bet CFL Futures
Placing bets on the Grey Cup is easy and straightforward. Your first step is to register with a licensed and regulated online sportsbook that offers CFL futures. We recommend taking a look at Play Alberta and PlayNow who are betting partners in Canada. Make sure to evaluate the Grey Cup betting odds for every team. For instance, if the Calgary Stampeders are +400 and the Toronto Argonauts are +600, a bet of $100 on the Stampeders will see you win $400 if they manage to win the Grey Cup. Before placing your bet, decide how much you want to spend. If you place $100 bet on the Stampeders at +400 and they win, you will receive $500 ($100 bet + $400 profit).
Future markets are primarily about perception and performances. When a team performs worse of better than initial expected by bookmakers, the odds will change. It's also worth mentioning that injuries to key players will significantly impact the chances for a team and their odds. New player acquisitions and trades will also play a vital role on a team's odds for the Grey Cup. In addition, betting trends can have an effect. When more players bet on one team, online sportsbooks will adjust the odds to balance the risk.
Past Winners of the Grey Cup by Year
Having such a small CFL league with loads of player movement facilitates a lot of consistency among the teams. A total of 7 of the 9 CFL clubs have claimed a Grey Cup trophy over the past 10 seasons. Below, you can take a look at the winners over the past 10 seasons.
- 2023 - Montreal Alouettes
- 2022 - Toronto Argonauts
- 2021 - Winnipeg Blue Bombers
- 2020 - Cancelled (Covid)
- 2019 - Winnipeg Blue Bombers
- 2018 - Calgary Stampeders
- 2017 - Toronto Argonauts
- 2016 - Ottawa Redblacks
- 2015 - Edmonton Eskimos
- 2014 - Calgary Stampeders
- 2013 - Saskatchewan Roughriders
From all the active teams in the CFL league, the Toronto Argonauts have claimed the most CFL titles. The Argos have won 18 Grey Cup titles, 4 more than the next closet team, Edmonton. All 9 of the active CFL clubs have claimed a minimum of one Grey Cup, while each team owns multiple championships, except for Ottawa. Who will you be rooting for this year? Check the Grey Cup betting odds to see how your team is fairing and get ready for an exciting weekend as the season kicks off.
