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CFL Grey Cup Odds: Argonauts, Bluebombers top list

The dust has finally settled from the 2023 CFL season and the Montreal Alouettes' Grey Cup success, and it is now time to look to the 2024 season.

The betting odds for the 2024 Grey Cup are now live, and we will be doing a full outlook on them from top to bottom. This includes discussing each of the nine CFL teams to see where they stand in the outright market.

2024 Grey Cup odds

TOR Argonauts+200
WIN Bluebombers+210
BC Lions+500
MON Alouettes+550
CAL Stampeders+1400
HAM Tiger Cats+1400
SAS Roughriders+1400
EDM Elks+2000
OTT Redblacks+2200

Toronto Argonauts: +200

Kicking off the list is the best team from the 2023 CFL season, up until the playoffs. 

Toronto fully dominated all season, posting a 16-2 record before meeting Montreal in the postseason, with the Alouettes enjoying a miracle playoff run. 

The Argonauts comes into the season with agitation and a vengeance. Last year was almost a wasted season, and they will be looking to make things right. 

It is a roster that will be full of returning players, many of whom helped in an amazing season. They know what the goal is, and will once again will their way to a great chance.

Winnipeg Bluebombers: +210

The second team on this list was last year’s second-best team, and Grey Cup runner up. 

Winnipeg went 14-4 in the regular season, and was able to get the job done by coming out of the West Division. However, they were also shut down by Montreal in the Grey Cup game. 

This team has been highly dominant for years now, reaching the Grey Cup in each of the past four seasons, winning it twice. 

This organization has built sustained success, and they will look to continue the trend. Their quarterback and leader Zach Collaros took major accountability for their Grey Cup loss, but luckily for Winnipeg their team is full of veterans that feel the same way. This could be a season of payback, which could mean problems for the entire league.

BC Lions: +500

The first big jump in odds starts with the BC Lions. 

BC has been decent for many years now, but still without being able to get that Grey Cup. 

Last year, they were a very good team with a 12-6 record, but ultimately fell to the dominant Bluebombers. 

By consistently playing a strong team in Winnipeg and a competitive Calgary team, BC should yet again be battle tested, hoping to carry it into playoff success. 

They are a team that is full of skill, and they are a problem in every game, so it shouldn’t be a surprise if they go deep.

Montreal Alouetttes: +550

Fourth on the list is the reigning Grey Cup holders, Montreal Alouettes. This may seem like a regression for the champions, but what may be forgotten is that they were major underdogs the whole way through the playoffs. It was a magical year for that team. Although, this now becomes a prove it season.

Last year they did not enter with high expectations, but now they get to show whether last year was a fluke, or if they can continue to be the real deal. 

Their defense was nearly unstoppable, and there is lots of room to grow for this team. Watch out for this organization who should be flying high in confidence.

CAL Stampeders: +1400

Another a major odds jump comes with the Calgary Stampeders. This usually strong team took a step back last year, and even looked like they would miss the playoffs. 

However, a late-season winning streak got them in, although they were not able to take down a strong BC Lions team in the first round of the playoffs. 

This season they will look to go deeper and perform better, but their expectations are not too high. However, many of the returning players will feel that they have unfinished business, because they did look strong towards the end. 

If they can build their strength and fix some holes this offseason, this could be a team who surprises.

Hamilton Tiger Cats: +1400

The Hamilton Tiger Cats also come in at very long odds to win outright. Hamilton was able to make the playoffs with a losing record, but took their opportunity nowhere, losing in the first round. 

Their last Grey Cup appearance was in 2021 in a losing effort, and after continuing to put together strong teams, it seems they are trending in the opposite direction, and could use a re-tool at this point. 

There may be more darkness before the light in this very important season for Hamilton. 

Saskatchewan Roughriders: +1400

The Saskatchewan Roughriders finished last season with a 6-12 record, but ultimately missed the playoffs due to tiebreaker rules. 

They will be looking to at least return to the playoffs this season. As of right now, the Roughriders are not projected to be at the top of the West Division, but it is an important season to determine the direction of the team moving forward. 

Following a missed playoff appearance, you can expect the returning players to remember that pain and put a strong effort into the new season. 

Edmonton Elks: +2000

The Edmonton Elks come in with the second-longest odds at winning the Grey Cup. 

Last year the Elks were tied with the worst record of 4-14, and their expectations are once again very low. They play in a very tough West Division, where they are forced to play the Winnipeg Bluebombers and BC Lions multiple times throughout the season, with those two teams seen as almost automatic playoff contenders. 

The Elks need to continue to build and develop before they move up these rankings. 

Ottawa Redblacks: +2200

Closing out this list is the Ottawa Redblacks. 

Last season, Ottawa finished at the bottom of the East Division, and were tied with the worst record of 4-14. They will be looking to take some kind of positive step, but unsurprisingly they are not expected to do much.

 There will continue to be major changeover throughout this team by ways of the draft and free agency, but a lack of star talent and depth have them at the bottom of the CFL odds.

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