Photo By - Montreal Alouettes defensive lineman Isaac Adeyemi-Berglund (91) pumps up the crowd after a play.
We're two weeks into the 2025 CFL season, and although Toronto opened the year as favorites to repeat as Grey Cup champs, the Montreal Alouettes have emerged as the new frontrunners following convincing wins over the Argonauts and Redblacks.
The Alouettes are currently favored at +335 in the CFL odds, with the Saskatchewan Roughriders 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.
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 just 14.0 points per game through the first two weeks.
After falling short at home to Toronto in the Eastern Final, the 2023 Grey Cup champs will look to re-take the throne in 2025.
Saskatchewan Roughriders (+370)
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 narrow wins over Ottawa and Hamilton, but the team will be heavily reliant on 39-year-old QB Trevor Harris staying healthy down the stretch.
Winnipeg Blue Bombers (+380)
A one-game suspension for Zach Collaros didn’t stop the Blue Bombers from dominating BC in their Week 2 opener. Their relentless ground attack overwhelmed the Lions front seven, while their defense left QB Nathan Rourke looking like a deer in the headlights.
Mike O’Shea’s squad has reached four straight Grey Cups and continues to show that the West runs through Winnipeg.
Bet on the CFL at BET99!
One of Canada's best sportsbooks for football betting, join BET99 and get up to $800 bonus bets back if your first bet doesn’t win when using our BET99 promo code COVERSBONUS!
*Not available in Ontario. 19+. Gambling problem? Call 1-800-GAMBLER.
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
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
The Montreal Alouettes are the Grey Cup favorites at +335.
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 Toronto Blue Jays and Indianapolis Colts fan.
If you choose to make use of any information on this website including online sports betting services from any websites that may be featured on
this website, we strongly recommend that you carefully check your local laws before doing so.It is your sole responsibility to understand your local laws and observe them strictly.Covers does not provide
any advice or guidance as to the legality of online sports betting or other online gambling activities within your jurisdiction and you are responsible for complying with laws that are applicable to you in
your relevant locality.Covers disclaims all liability associated with your use of this website and use of any information contained on it.As a condition of using this website, you agree to hold the owner
of this website harmless from any claims arising from your use of any services on any third party website that may be featured by Covers.
Montreal Alouettes
Saskatchewan Roughriders
Winnipeg Blue Bombers
Toronto Argonauts
BC Lions
Ottawa Redblacks
Calgary Stampeders
Hamilton Tiger-Cats
Edmonton Elks
