2024 CFL Grey Cup Odds and Predictions

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The 2024 Canadian Football League (CFL) season is officially underway. Canada’s competitive gridiron action runs until October 26 before the CFL Playoffs begin on November 2. This is the 70th edition of the modern CFL league, and it will culminate with the 111th installment of the Grey Cup Championship on November 17.

The Winnipeg Blue Bombers enter the season as Grey Cup favorites, according to the latest CFL odds. The Blue Bombers fell short in their quest last year to win it all but look poised to make another run at a Grey Cup appearance. The defending Grey Cup champs, the Montreal Alouettes and the Toronto Argonauts are just behind Winnipeg in the CFL betting odds.

Let’s huddle up and take a look at the latest Grey Cup odds, according to the best CFL betting sites, and make our 2024 Grey Cup predictions.

When is the 2024 Grey Cup?

The 111th Grey Cup will be played on November 17, 2024, live from the BC Place Stadium in Vancouver, British Columbia. This is the 17th time that Vancouver has hosted the Grey Cup with the most recent occurrence taking place in 2014. As of now, the Jonas Brothers have been booked for the Grey Cup halftime show.

2024 CFL Grey Cup Odds

CFL Grey Cup OddsCFL Grey Cup Odds
Winnipeg Blue Bombers +300Montreal Alouettes +350
Toronto Argonauts +375BC Lions +450
Saskatchewan Roughriders +900Ottawa Red Blacks +1400
Calgary Stampeders +1600Hamilton Tiger-Cats +1600
Edmonton Elks +1800 

The Blue Bombers have been tabbed by oddsmakers as the betting favorites to win the 2024 Grey Cup. However, there’s not much difference between Winnipeg, Montreal and Toronto in regards to the betting lines. The Edmonton Elks opened as the longshots to win the Grey Cup, but are they worthy of a flier? Before reading our 2024 Grey Cup analysis and predictions, check out our how to bet on the CFL guide for a refresher on CFL betting.

Grey Cup Favorites

The following CFL teams are considered the betting favorites to win the Grey Cup:

Winnipeg Blue Bombers +300

The Winnipeg Blue Bombers are coming off a runner-up finish as they lost in the Grey Cup to the Montreal Alouettes. However, don’t be sad for Winnipeg as they’ve been to four consecutive Grey Cups and won two of those appearances. Now, the Blue Bombers come into the 2024 CFL season as the betting favorites and loaded with more talent than any other team.

The Blue Bombers have arguably the best QB in the league with Zac Collaros, who has won two of the last three Most Outstanding Player awards. However, what makes the Winnipeg offense so lethal is that they have the leading rusher from last season – Brady Oliveira. This talented running back was also named the 2023 Most Outstanding Canadian.

Most other CFL quarterbacks wish they had as many passing weapons as Collaros. Led by All-Stars Dalton Schoen and Nic Desmski, this wide receiver group will definitely put the fear in opposing defenses.  

Last year, Winnipeg led the CFL with 431.4 total yards per game and 33 points per game. I expect the Blue Bombers to be the best offense in 2024, and to match or surpass last year’s offensive totals.

With that said, don’t assume this team is just an offensive juggernaut. Winnipeg will once again have one of the best defenses in the CFL as well. Led by the three-time Most Outstanding Defensive Player in Adam Bighill and the talented Willie Jefferson, this defense should lead the league in the fewest yards allowed and points allowed just like last season.

Throw in the quest to get revenge on the league for losing in the Grey Cup last season, you have the makings of a team that’s determined to steamroll the competition and win the CFL Championship.

Montreal Alouettes +350

2023 was a special year for the Montreal Alouettes. They were picked to be the worst team in the league but defied the odds and predictions to win the 110th Grey Cup. The Alouettes needed to win their final five games of the season to make the CFL Playoffs. They rode that wave of momentum to upset Winnipeg and take home the title.

Unfortunately, I don’t see a repeat performance in 2024. Last year was a perfect scenario for a team that was middle of the pack in terms of overall roster talent. They won’t sneak up on anyone this year.

Furthermore, Montreal’s offense suffered a few key losses that they won’t be able to overcome. The biggest loss was running back William Stanback ditching Montreal for a contract with the BC Lions. Additionally, wide receiver Austin Mack left for the NFL.

Although the Alouettes have some players that might be able to step up and contribute, they won’t completely fill the voids left behind with the departures of Stanback and Mack. Look for this offense to take a step back.

Montreal made a few additions on defense, which should keep them in ball games. Unfortunately, the suspension of lineman Shawn Lemon will limit this squad’s ceiling.

At +350 odds, I believe the oddsmakers are giving this team too much credit. I think there’s a distinct possibility that Montreal doesn’t even make the Playoffs this season. They definitely don’t have the talent to compete with other teams like Winnipeg. Skip the reigning champs for this CFL wager.

Toronto Argonauts +375        

The Toronto Argonauts looked like the best team in the CFL last year. They were 16-2 and well on their way to winning a second straight Grey Cup. Unfortunately, they ran into the Alouettes who shocked the world with a big upset in the Playoffs.

The 2022 Grey Cup champs aim to hoist the cup once again. Unfortunately, this is going to be a tough challenge for the Argos as they will be without star QB Chad Kelly who was suspended for nine games after violating the league’s gender-based violence policy.

Although they will still have most of the second half of the season to get Kelly back on the field, it might be too late. The Argos could end up in the East basement as their backup QB situation is a nightmare for Toronto fans.

Making matters worse for the Argonauts is the departures of key personnel on the defensive side of the ball. As mentioned above, former Argos’ defensive coordinator Corey Mace is now the head coach in Saskatchewan. Additionally, rookie of the year Qwan’tez Stigges left for the NFL.

With a backup quarterback struggling to move the ball, and likely turning the ball over at a high rate, this defense will be on the field for most of the game.

At +375 odds, avoid wagering on Toronto this season. They will be lucky to finish the season at .500, let alone be a Grey Cup contender.

The Best Grey Cup Betting Value

The Saskatchewan Roughriders at +900 odds offer solid betting value to win the 111th Grey Cup. The Roughriders are eerily similar to the Alouettes of last year, and could rise from the ashes to be league champion.

The team will have a fresh start this season with new head coach Corey Mace, who’s tasked with turning this franchise around. Over the last two seasons, the Roughriders finished 6-12 and showed an inabilit to make the Playoffs.

With that said, poor play wasn’t the only thing that doomed this team last year. An injury to starting QB Trevor Harris led to a revolving door of shoddy QB play in his absence.

One of the first moves that Mace made was to rebuild the running game by bringing in former Argonaut running back A.J. Ouellette. This talented RB will certainly help take the pressure off Harris and provide more offensive balance.

Speaking of the passing game, receivers Shane Bane Jr. and Samuel Emilus form one of the top CFL duos in the league. With a healthy Harris, a dynamic duo at WR, and a credible running game, the Roughriders should see their offense easily surpass the 21.5 ppg and 348.2 total yards per game from last season. 

Defensively, Mace added new pieces to improve this side of the ball as well. Linebacker Jameer Thurman and pass rusher Malik Carney will be tasked with bringing a new intensity to the Saskatchewan defense.

With a new coach, attitude, vibe, and players, I like the Roughriders’ chances of being this year’s CFL sleeper.

Top Grey Cup Longshot

The last three seasons have been an abysmal stretch for the Edmonton Elks, which is why they’re a +1800 longshot. Making matters worse is the fact that Edmonton hasn’t had a winning record since 2017 or been to the Playoffs since 2019.

The primary reason why I think this team can be a longshot, is that they signed McLeod Bethel-Thompson to be their starting quarterback. Bethel-Thompson spent last year in the USFL where he led the league in passing yards.

Prior to the USFL, Bethel-Thomspon had a prolific career in the CFL where he led the league in passing TDs in 2019 and 2022. He also led the CFL in passing yards those years as well. Bethel-Thompson won the 2022 Grey Cup as the starting QB for the Toronto Argonauts. For his CFL career, the 35-year-old has 13,261 passing yards and 70 TDs in 74 games.

If anyone can turn this franchise around and carry it on his back to the postseason, it’s Bethel-Thompson.

Last year, the Elks averaged 20.4 ppg and 322.2 total yards per game. They also had the third worst passing attack at 223.9 yards per game. With a talented quarterback in Bethel-Thompson, and a solid running back in Kevin Brown, I expect this Edmonton offense to take a big leap forward and lead the franchise to at least 9-9. Perhaps, we even see their first winning season in seven years.

Who Will Win The 2024 Grey Cup?

It’s not always sexy to pick the betting favorite when it comes to a CFL futures bet like this one. With that said, you would be a fool to ignore just how loaded this Winnipeg team is. The Blue Bombers bring back nearly all of their talented roster from last season which saw Winnipeg finish with the best offense and defense in the regular season.

Despite the West being tougher this season, Collaros and company will dominate opposing defenses and ascend to the top of the leaderboards once again. I fully expect the Blue Bombers to surpass their 14-4 mark from last year and make a fifth straight appearance in the Grey Cup.

Look for Winnipeg to hoist the trophy for the third time in five years as they bomb the rest of the CFL enroute to a Grey Cup Championship.

CFL Bet: Winnipeg Blue Bombers +300

Recent Grey Cup Winners

The following is a list of the most recent Grey Cup winners:

YearWinner
2023Montreal Alouettes
2022Toronto Argonauts
2021Winnipeg Blue Bombers
2020Cancelled
2019Winnipeg Blue Bombers
2018Calgary Stampeders
2017Toronto Argonauts
2016Ottawa Redblacks
2015Edmonton Eskimos
2014Calgary Stampeders
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Rick Rockwell
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With over 20 years of sports writing experience, Rick has covered every major organization or event from the NFL to the UFL, the Tour de France to the French Open, and SummerSlam to slamming down Hot Dogs on the 4th of July. The only thing that can match his passion for sports is his love for pizza.