The Division Semi-Final games are completed, and there are now four teams remaining in the CFL Playoffs. Those teams are the Toronto Argonauts and Montreal Alouettes of the East and the Winnipeg Blue Bombers and BC Lions of the West.

The outright odds have now significantly adjusted with just four teams remaining, so we will be going over the Grey Cup odds heading into the division finals.

2023 Grey Cup odds

TOR Argonauts	+100
WIN Bluebombers	+180
BC Lions	+380
MON Alouettes	+1500

Toronto Argonauts: +100

The league-leading Argonauts had a slight change in the outright odds because there are now just four teams left, and each of the two favorites in Montreal and BC was the two to advance.

They still have the best outright odds in the league, which is no surprise as they finished the season 16-2 and are now rested heading into the East Division Final.

They will be meeting the Montreal Alouettes in the East Division Final for the first time since 2012. The two teams played three times this season, and the Argonauts won all three games, holding the Alouettes to just 47 points in those games. It should be a great game, but the odds suggest the Argonauts are en route to another Grey Cup appearance.

Toronto is a very rested team, as they have played just one game since October 22nd, and it was against a weak team in Ottawa. There is no reason for them to not come out flying and show why they have such high odds.

Winnipeg Blue Bombers: +180

The Bluebombers also saw a decreased odds change at a more significant rate than the Argonauts, which is a typical result. The BC Lions took down the Calgary Stampeders in the West Division Semi-Final, meaning the better team is facing Winnipeg in the West Division Final. 

With that being said, the Bluebombers still have the second-best outright odds.

The Blue Bombers would have rather faced a weaker team in these division finals because the Lions have been no pushover this season. 

In three games, Winnipeg won two of them, but BC won one and took another to an overtime finish. This sets up what will be a great West Division Final.

Winnipeg is also a very rested team, as they have also played one game since October 22nd. They will look to put their foot on the gas early on their home field.

BC Lions: +380

The Lions saw a major increase in their odds after taking down the Calgary Stampeders in the West Division Semi-Final. They played well in a 41-30 win, but now things become even more challenging with a matchup against the Winnipeg Blue Bombers.

The team who finished the regular season 12-6 continue to have the third-best odds to win the Grey Cup, and if you think they have a chance, they still have excellent odds after this boost.

The Lions have played their upcoming opponent in Winnipeg strong this season, and they now have momentum heading into the game. This is why there is not a drastic difference in the odds because this West Division Final should be tight the whole way through, as each team is strong enough to make it to the Grey Cup.

Don't count out these BC Lions, who know they are close to their first Grey Cup appearance since their win in 2011.

Montreal Alouetttes: +1500

The Montreal Alouettes took care of business by defeating the Hamilton Tiger-Cats in the East Division Semi-Finals, and their odds also drastically changed. Going into the playoffs, they had the fourth-best odds, and that is still the case.

If you see them upsetting both the Argonauts and the West winner, they could bring in a great payday.

Montreal continues to be hot, so taking them to beat Toronto may be worth the look. They have now won six straight games, leading back to September in the regular season. 

However, it seems the only way they will be fully respected, odds-wise, is if they make that Grey Cup. Expect them to make the East Division Final exciting, as they are really feeling themselves.

They have been fighting for their lives for a long time now, which speaks to their character as a team. Let's see if they can continue to ride this momentum.