Last year's Grey Cup saw the Toronto Argonauts upset the Winnipeg Blue Bombers to capture their first championship since 2017, spoiling the Bombers' bid at pulling off a three-peat.
Odds have arrived for the 2023 Grey Cup, with Winnipeg listed as the odds-on favorite at +200 as the Bombers attempt to reclaim top status in the CFL. Find out more with Week 1 of the regular season set to kick off in June.
2023 Grey Cup odds
Favorites to win the 2023 Grey Cup
Winnipeg Blue Bombers (+200)
Mike O'Shea's club fell just short of reaching CFL immortality in 2022, as they could've been the first team to three-peat since Edmonton did so in the 1980s.
Luckily for Bombers fans, the team has brought much of the same roster back, having already extended the likes of Jackson Jeffcoat and Winston Rose — two key players that played a prominent role in Winnipeg's defense finishing first in yards allowed last year.
Last year's MOP Zach Collaros will look to build off an incredible season in which the veteran quarterback led the league in passing yards and passing touchdowns under the tutelage of play-caller Buck Pierce. The Bombers also brought back two-time CFL West All-Star Kenny Lawler during free agency, as the veteran receiver will be a key weapon for Collaros to have at his disposal this year.
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Hamilton Tiger-Cats (+475)
A new era has begun in Steeltown, as the Ticats went out in November and acquired two-time MOP Bo-Levi Mitchell to be their new franchise quarterback. Mitchell will headline a revamped Hamilton offense that also added running back James Butler, wide receiver Duke Williams, and offensive lineman Joel Figueroa.
Hamilton re-signed veteran linebacker Simoni Lawrence and further beefed up their front seven by acquiring defensive linemen Ja'Gared Davis and Casey Sayles, plus linebacker Jameer Thurman.
BC Lions (+530)
The Lions took big strides in 2022, finishing the season at 12-6 — their best W/L total since 2016. Despite QB Nathan Rourke leaving for the NFL and veteran receiver Bryan Burnham hanging up the cleats, the Lions remain a formidable roster.
Vernon Adams will be given the full-time keys to the Leos offense and will look to build off a fairly productive 2022 campaign that saw him start eight games for B.C. and throw for 1,504 yards and six touchdowns to only one lone interception.
Even with Burnham now retired, Adams will have many nice weapons at his disposal — including receivers Dominique Rhymes, Lucky Whitehead, and Keion Hatcher.
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 26 Grey Cup appearances.
|Season||Grey Cup Champion||Runner-up|
|2022||Toronto Argonauts||Winnipeg Blue Bombers|
|2021||Winnipeg Blue Bombers||Hamilton Tiger-Cats|
|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|
|2012||Toronto Argonauts||Calgary Stampeders|
|2011||B.C. Lions||Winnipeg Blue Bombers|
|2010||Montreal Alouettes||Saskatchewan Roughriders|
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
The Winnipeg Blue Bombers are solo betting favorites on the Grey Cup odds board, available at +200.
The Toronto Argonauts won the Grey Cup in 2022 and are currently listed at +650 to repeat this year.