2025 Grey Cup Odds: Roughriders Ascend

At 9-2, the Saskatchewan Roughriders have surged to the top of the board at +220.

Trevor Knapp - Betting Analyst at Covers.com
Trevor Knapp • Betting Analyst
Sep 2, 2025 • 11:10 ET • 3 min read
Trevor Harris Saskatchewan Roughriders CFL
Photo By - Saskatchewan Roughriders quarterback Trevor Harris (7).

We're approaching the homestretch of the CFL season, and although Toronto opened the year as favorites to repeat as Grey Cup champs, the 9-2 Saskatchewan Roughriders have emerged as the new frontrunners.

The Riders are currently favored at +190 in the CFL odds, with the Calgary Stampeders and Hamilton Tiger-Cats trailing close behind.

The 112th Grey Cup is set to take place on November 16, 2025, at Princess Auto Stadium in Winnipeg, Manitoba.

2025 Grey Cup odds

Team Bet99
Roughriders Saskatchewan Roughriders +190
Stampeders Calgary Stampeders +210
Tiger-Cats Hamilton Tiger-Cats +450
Alouettes Montreal Alouettes  +550
Blue Bombers Winnipeg Blue Bombers +1000
Lions BC Lions +1200
Argonauts Toronto Argonauts +2500
RedBlacks Ottawa Redblacks +6000
EdmontonEdmonton Elks +7500

Odds as of 9-2-2025.

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• Edmonton has won the most Grey Cup titles (11) during the league’s post-merger era.

• The CFL’s Most Outstanding Player has been a member of the Grey Cup-winning team just four times since 2010.

• There have been just 10 instances of a Grey Cup-winning team repeating as champions the following season.

Past Grey Cup winners

As noted above, having such a small league and lots of player movement promotes a lot of parity among the teams. Seven of the nine current CFL clubs have won a Grey Cup over the last 10 seasons.

The Toronto Argonauts have the most Grey Cup titles in league history with 17, while the Winnipeg Blue Bombers lead the CFL with 27 Grey Cup appearances.

Season Grey Cup Champion Runner-up
2024 Toronto Argonauts Winnipeg Blue Bombers
2023 Montreal Alouettes Winnipeg Blue Bombers
2022 Toronto Argonauts Winnipeg Blue Bombers
2021 Winnipeg Blue Bombers Hamilton Tiger-Cats
2020 No season: COVID-19 related. N/A
2019 Winnipeg Blue Bombers Hamilton Tiger-Cats
2018 Calgary Stampeders Ottawa Redblacks
2017 Toronto Argonauts Calgary Stampeders
2016 Ottawa Redblacks Calgary Stampeders
2015 Edmonton Eskimos Ottawa Redblacks
2014 Calgary Stampeders Hamilton Tiger-Cats
2013 Saskatchewan Roughriders Hamilton Tiger-Cats

Understanding CFL futures

Sportsbooks release CFL futures odds shortly after the end of the previous football season. Picking the outright winner of the Grey Cup is one of the only other ways to wager on CFL futures. During the offseason and preseason, you'll be able to get a nice plus-money price on basically any team in the CFL as there is so much uncertainty around what will happen next year, particularly in a league with only nine teams.

CFL futures odds will usually look like this:

  • Hamilton Tiger-Cats +285

This means that on a $100 bet, you'll stand to profit $285 should Jeremiah Masoli & Co. capture their first Grey Cup title since 1999. If it's close to the end of the season or one team is simply that dominant, you might see a minus sign (-) ahead of their odds.

  • Saskatchewan Roughriders -175

This means that you would need to bet $175 to win $100 if Saskatchewan wins the Grey Cup.

Of course, futures odds are a fluid market. They can change every day based on news, injuries, suspensions, etc. And they will certainly change based around big CFL events, such as free agency or the draft.

All the odds seen above are in American format. If you find decimal format or fractional format easier to read, simply convert the odds using our simple odds converter tool.

Grey Cup Title Odds FAQs

Pages related to this topic

Trevor Knapp - Covers
Betting Analyst

Trevor joined the Covers content team as a publishing editor in early 2022. Growing up in Vancouver, he studied Broadcast and Online Journalism at the British Columbia Institute of Technology (BCIT), and interned with TSN and Sportsnet Radio while also writing for the Daily Hive.

An avid bettor of the MLB, NFL, and CFL, Trevor advises his fellow sports bettors to leave their hearts at the door and not hesitate to fade their favorite team. It's a strategy he follows regularly as an apathetic Indianapolis Colts and Toronto Blue Jays fan.

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