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2025 CFL Grey Cup Odds

With the 2024 Canadian Football League season now in the rearview, it is time to look ahead to 2025.

The Toronto Argonauts defeated the Winnipeg Blue Bombers 41-24 in the 111th Grey Cup, earning Toronto its 19th championship while Winnipeg suffered a third consecutive Grey Cup loss.

Where do they fall in the 2025 outright market?

2025 Grey Cup odds

TOR Argonauts

+240

MON Alouettes

+350

SAS Roughriders

+500

BC Lions

+600

WIN Blue Bombers

+600

OTT Redblacks

+900

HAM Tiger Cats

+1300

EDM Elks

+1800

CAL Stampeders

+3000

The Argonauts – who have more Grey Cup wins (19) and appearances (25) than any other team in CFL history – are the +240 favourites to win the 2025 title.

Toronto overcame an up-and-down regular season in which they finished 10-8 and did not receive a playoff bye for the first time in nearly a decade. After downing Ottawa in the Eastern semifinal 58-38, the Argos upset the Montreal Alouettes, 30-28, despite losing starting QB Chad Kelly to a severe leg injury.

Behind back-up QB Nick Arbuckle, Toronto overcame the odds and beat the Winnipeg Blue Bombers in the 111th Grey Cup, with Arbuckle named MVP.

2023 champions Montreal, who finished with the best regular season record at 12-5, come in at +350, followed by the Saskatchewan Roughriders (+500), BC Lions (+600) and Winnipeg Blue Bombers (+600).

Saskatchewan and BC met in the Western semifinals in 2024, while Winnipeg made it all the way to the championship game, where they have now lost three years running.

The Lions have the second-longest championship drought among CFL teams at 13 years. Only the Hamilton Tiger Cats have a longer drought (25 years).

Rounding out the market are Ottawa (+900), Hamilton (+1300), Edmonton (+1800) and Calgary (+3000).

Read about the Grey Cup including how to watch, venue, history & more.

Odds displayed within this article were correct at the time of writing and are subject to change.

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