2024 Grey Cup Odds: Winnipeg Penned as Heavy Favorites Against Toronto
Although the last three Grey Cups have been decided by eight points or fewer, the Winnipeg Blue Bombers head into BC Place as heavy favorites, holding a two-possession edge over the Chad Kelly-less Toronto Argonauts.
The CFL odds were flipped on their head during last weekend's Divisional Finals, as the defending champion Montreal Alouettes were eliminated at home by the Toronto Argonauts, while the Winnipeg Blue Bombers made quick work of the Saskatchewan Roughriders.
Listed as 10.5-point favorites for Sunday’s Grey Cup matchup against an Argos team that just lost Chad Kelly to a season-ending injury, the Bombers are poised to cap off an impressive five-year run. Let's look at the latest Grey Cup odds movement with the big game less than a week away.
The 104th Grey Cup is set for November 17 in Vancouver, BC, with kickoff scheduled for 6:30 p.m. on TSN.
Regardless of the Winnipeg Blue Bombers dropping four straight games to begin the year, the consensus pre-season favorites went 11-3 over their last 14 regular season contests.
Following a convincing 38-22 win over Saskatchewan in the West Final, the Bombers have clinched a spot in the championship game for the fifth straight season. Having lost two consecutive Grey Cups as the favorites, Mike O'Shea's squad will look to redeem themselves and capture their third championship since 2019.
Toronto Argonauts (+390)
Despite knocking off Montreal at Percival Molson Stadium over the weekend, the Toronto Argonauts' Grey Cup chances took a big hit when reigning MOP winner Chad Kelly suffered a broken tibia in the late stages of the third quarter.
While the Argos were able to hang on to a two-possession lead with Nick Arbuckle under center, Ryan Dinwiddie's squad is now listed at +390 on the moneyline for Sunday's Grey Cup final. Toronto's Grey Cup chances will hinge on a defense that thrives on creating turnovers, having forced four fumbles and two interceptions in their latest Eastern Final dub.
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
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 Winnipeg Blue Bombers are the Grey Cup favorites at -530.
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.
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Winnipeg Blue Bombers
Toronto Argonauts
