2024 Grey Cup Odds: BC Favored to Win in November

There was a CFL odds shocker in the 2023 Grey Cup final when the heavily favored Winnipeg Blue Bombers were picked apart in the second half by Cody Fajardo and the Montreal Alouettes, en route to a 27-24 defeat. 

Although Winnipeg entered as the consensus pre-season favorite, the Bombers dropped four straight games to begin the season. Meanwhile, the BC Lions' 5-1 start has catapulted Vernon Adams & Co. into pole position for Grey Cup odds.

With Week 7 kicking off on Friday, let's look at the latest line movement for the 2024 season.

2024 Grey Cup odds

Team
BC Lions	+210
Montreal Alouettes	+250
Toronto Argonauts	+500
Saskatchewan Roughriders	+600
Winnipeg Blue Bombers	+800
Calgary Stampeders	+1,600
Ottawa Redblacks	+2,000
Hamilton Tiger-Cats	+5,000
Edmonton Elks	+5,500

Odds as of 7-16

Favorites to win the 2024 Grey Cup

BC Lions (+210)

Led by quarterback Vernon Adams and an abundance of receiving talent, the BC Lions are 5-1 and will look to finish atop the West Division for the first time since 2012.

With this year's Grey Cup taking place in Vancouver, there's no better time for the Leos to break their championship slump — having not won or appeared in the big game in more than 10 years. 

B.C. Lions’ QB Vernon Adams Jr. to the pylon, 12-yard TD run #BCLions @BigPlay_VA #CFL pic.twitter.com/GBQbXr13Oe

— 3DownNation (@3DownNation) July 14, 2024

Montreal Alouettes (+250)

Nobody gave the Montreal Alouettes much of a chance in last year's playoffs, but five straight wins to end the 2023 regular season resulted in Jason Maas' team catching fire and running the table in November. 

While many may think Montreal got hot at the right time, the Als' core pieces remain intact, and it's resulted in a 5-1 mark to begin the season, with the defense allowing just 22.7 points per game. 

Second sack of the night for Mustafa Johnson! #CFLGameday on TSN, RDS & CBS SN
📲: Stream on CFL+ pic.twitter.com/BF1fOaKZ4e

— CFL (@CFL) July 12, 2024

Toronto Argonauts (+500)

The Toronto Argonauts Grey Cup chances took a big hit before the season when reigning MOP winner Chad Kelly was suspended at least nine games for violating the CFL's gender-based policy.

After upsetting Montreal on the road, the Argos are currently 3-2 without Kelly under center. Ryan Dinwiddie's track record as Toronto's head coach speaks for itself, boasting a .720 winning percentage in his first three seasons on the Argos' sidelines. 

Call him Cameron Dekes!

Dukes (@C_Dukes11) dips and dodges the free blitz we to find Damonte Coxie (@DCoxie_) for six.#CFL #Argos #PullTogether
pic.twitter.com/0aGi6ROrm8

— 3DownNation (@3DownNation) July 12, 2024

Grey Cup trends

• 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.

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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