2026 Grey Cup Odds: Alouettes Billed as Early Favorites

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Preseason Grey Cup Prediction

(Pick made on June 3)

After coming one defensive stop short of reaching the Grey Cup last season, the BC Lions enter 2026 as the frontrunners in the West Division. 

With the majority of the Lions' offensive arsenal returning and All-Star linebacker Darnell Sankey joining the fold, they have the edge over a Saskatchewan Roughriders team that lost both A.J. Allen and Malik Carney in free agency.

While there are some questions surrounding the Lions' O-line following the departure of Jarell Broxton, Nathan Rourke is coming off an MOP-winning season, and the added continuity should pay dividends in Buck Pierce's second year as head coach.

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

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:

• BC Lions +400

This means that on a $100 bet, you'll stand to profit $400 should Nathan Rourke & Co. capture their first Grey Cup title since 2011. 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 -130

This means that you would need to bet $130 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.