Sunday’s Grey Cup saw the Saskatchewan Roughriders capture their first championship since 2013, holding on to defeat the Montreal Alouettes 25-17.
Despite the loss, CFL odds remain bullish on Montreal ahead of next year, as Jason Maas’s team has reached the East Final in three consecutive seasons, including lifting the trophy in 2023.
The 113th Grey Cup is scheduled for November 15, 2026, at McMahon Stadium in Calgary, Alberta.
2025 Grey Cup odds
| Team |  |
|---|---|
 Montreal Alouettes |
+270 |
 Toronto Argonauts |
+500 |
 BC Lions |
+600 |
 Saskatchewan Roughriders |
+600 |
 Calgary Stampeders |
+640 |
 Winnipeg Blue Bombers |
+750 |
 Hamilton Tiger-Cats |
+1000 |
 Ottawa Redblacks |
+1400 |
 Edmonton Elks |
+1900 |
Odds as of 11-18-2025.
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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.
| Season | Grey Cup Champion | Runner-up |
|---|---|---|
| 2025 | Saskatchewan Roughriders | Montreal Alouettes |
| 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 |
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 Bo Levi Mitchell & 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 on 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 Montreal Alouettes are the Grey Cup favorites at +270.
The Saskatchewan Roughriders won the Grey Cup in 2025.
