2025 Grey Cup Odds: Riders Rise to the Top

After a 4-0 start to the season, the Saskatchewan Roughriders have surged to the top of the board at +270.

Trevor Knapp - Betting Analyst at Covers.com
Trevor Knapp • Betting Analyst
Jul 6, 2025 • 22:44 ET • 3 min read
Trevor Harris Saskatchewan Roughriders CFL
Photo By - Saskatchewan Roughriders quarterback Trevor Harris (7) throws a pass.

We're five weeks into the 2025 CFL season, and although Toronto opened the year as favorites to repeat as Grey Cup champs, the Saskatchewan Roughriders have emerged as the new frontrunners following an undefeated start to the year. 

The Riders are currently favored at +270 in the CFL odds, with the Montreal Alouettes and Winnipeg Blue Bombers looming 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 +270
Alouettes Montreal Alouettes +285
Blue Bombers Winnipeg Blue Bombers +370
Stampeders Calgary Stampeders +800
Argonauts Toronto Argonauts +850
Tiger-Cats Hamilton Tiger-Cats +850
Lions BC Lions +900
RedBlacks Ottawa Redblacks +1250
EdmontonEdmonton Elks +3300

Odds as of 7-6-2025.

Favorites to win the 2025 Grey Cup

Saskatchewan Roughriders (+270)

Although the Riders started the season 4-0 under first-year head coach Corey Mace, Saskatchewan stumbled down the stretch, finishing 9-8 before being ousted by Winnipeg in the West Final.

Saskatchewan has kicked off 2025 with four straight wins, but the team will be heavily reliant on 39-year-old QB Trevor Harris staying healthy down the stretch.

Montreal Alouettes (+285)

Jason Maas' club spearheaded the Grey Cup odds for the majority of 2024, led by a defense that allowed a league-best 6.23 yards per play.

That same unit has picked up right where it left off, holding opponents to 22.4 points per game following Week 5 play.

After falling short at home to Toronto in the Eastern Final, the 2023 Grey Cup champs will look to retake the throne in 2025. 

Winnipeg Blue Bombers (+370)

A one-game suspension for Zach Collaros didn’t stop the Blue Bombers from dominating BC in their home opener, and they followed it up with double-digit wins in Weeks 3 and 4 before suffering their first loss of the season against Calgary.

Mike O’Shea’s squad has reached four straight Grey Cups and continues to show that the West runs through Winnipeg.

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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

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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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