We’ve provided the latest odds for each CFL team to win the Grey Cup.

Toronto Argonauts: +130

As expected, the Argonauts are still the clear favorites to win the Grey Cup, something they’ve done twice in the past five seasons, including the most recent.

They’ve been the class of the East Division for the past few seasons, which shouldn’t come as a surprise given their track record.

Toronto’s 18 Grey Cups are the most in CFL history.

Winnipeg Blue Bombers: +150

The Blub Bombers come in with odds just longer than the Argonauts, who defeated them in the Grey Cup by just a single point last season.

Prior to last season, the Blue Bombers had won back-to-back Grey Cups over the Hamilton Tiger-Cats. After double-digit wins in 2021 and 2022, they continue to have the league’s best offense.

BC Lions: +380

It was the Lions that finished just behind Blue Bombers at 12-6 last year, but they haven’t won a Grey Cup since 2011.

That’s why we see the first significant jump in the CFL outright odds, but BC’s offense still gives them a chance. Like their record, they’re behind only the Blue Bombers in terms of points scored this season.

Saskatchewan Roughriders: +1500

The Roughriders are one of the oldest teams with history dating back to 1910, but have won just four Grey Cups and it’s difficult to see things turning around in the near future.

They had opportunities to add Grey Cups to the trophy case but were runners up more than their fans would prefer. 

Montreal Alouettes: +1600

Montreal won back-to-back Grey Cups in 2009-2010 and have won seven in total, but they haven’t been balanced enough as of late.

Their defense continues to be strong, but their offensive firepower simply hasn’t kept up with the likes of the Blue Bombers and Lions.

They rank among the worst in the CFL on both sides of the ball, so it looks as though their strong run in the early 2010’s has truly come to an end.

Hamilton Tiger-Cats: +2200

The Tiger-Cats were once a team that were expected to be much higher on this list, and have eight Grey Cups in their history.

Hamilton even made it to the championship game in back-to-back seasons twice in the recent past (2019-2021 and 2013-2014), but fell short in all four of those matchups.

Now, they’re 5-7 this season and have a tough road ahead.

Calgary Stampeders: +5000

Like the Tiger-Cats, the Stampeders were also once a top favorite to win the Grey Cup for a significant period of time.

In fact, they won the Grey Cup as recently as 2018 and were runners up in each of the two years prior. 

However, they’ve slowly declined since then, proven by their 4-9 record so far this year.

Ottawa Redblacks: +17500

The Redblacks won the Grey Cup two years prior to the Stampeders in 2016 but are sitting in last place in the East Division at just 3-9.

That shouldn’t be too much of a surprise, as they had the worst offense in the CFL last year as well. 

Edmonton Elks: +17500

Edmonton won a Grey Cup as the Eskimos in 2015 but it’s safe to say they’re the clear longshot for that to happen as the Elks in 2023.

They have the worst record in the CFL last season at just 3-10 and their road is tough in the West Division with the Blue Bombers and Lions seemingly gatekeeping the other three teams.