Grey Cup odds for 2024 CFL season: Argonauts open as favourites
The Toronto Argonauts are the favourites to win the Grey Cup. Photo by Nathan Denette/The Canadian Press.

A new CFL season brings with it plenty of excitement as all nine teams begin at the same starting point.

The latest: The Montreal Alouettes are the reigning Grey Cup champions but they're not among the top-three favourites to win it in 2024. Instead, the Toronto Argonauts are the favourites to bring it home, with the Winnipeg Blue Bombers and BC Lions trailing

Find the latest Grey Cup odds, as of Feb. 20, below.

Grey Cup odds

Check out the latest odds to win the Grey Cup. Click linked odds to add selection to your betslip.

Betting marketsBetting odds
Toronto Argonauts+210
Winnipeg Blue Bombers+280
BC Lions+600
Montreal Alouettes+650
Hamilton Tiger-Cats+1,400
Calgary Stampeders+1,500
Edmonton Elks+1,500
Saskatchewan Roughriders+1,500
Ottawa Redblacks+2,000

Best CFL Grey Cup odds

Toronto holds down the top spot on this list and it's not difficult to see why.

The Argonauts were dominant for the entirety of the 2023 regular season. With Chad Kelly leading the offensive attack, the team finished a CFL-best 16-2 and a perfect 9-0 at home.

A 38-17 loss to the Als in the Eastern final delivered a shock to the system, but the team has been busy addressing some holes in free agency.

The Argos most notably signed Ka'Deem Carey to fill the void left by AJ Ouellette at running back. The former Calgary Stampeders star averaged 5.3 yards per carry and totalled 476 rushing yards last season.

Other Grey Cup odds

Best value: Roughriders (+1,500)

Saskatchewan's biggest issue was the offensive line but the team has made it a priority to bolster the position group.

The Roughriders signed Jemarcus Hardrick and Ryan Sceviour to block for quarterback Trevor Harris who played just five games because of injuries.

The addition of Ouellette, the versatile ex-Argos running back, will also take some pressure off the quarterback.

Winnipeg and BC remain the class of the West, but there's an opportunity for Saskatchewan to slide into the third spot and make a push.

NorthStar Bets editorial Insiders have no influence, direct or otherwise, over the setting of odds advertised on our platforms.