CFL Grey Cup Betting Analysis Early Odds and Favorites to Win the 2023 Title

CFL Grey Cup Betting Analysis: Early Odds and Favorites to Win the 2023 Title

The 2022 CFL season has come to its end. The chance at a dynasty was ruined as Winnipeg was upset in the 109th Grey Cup. The Toronto Argonauts won their first Grey Cup since 2017 as they came back in the fourth quarter. What a season it was! Let’s look ahead to next season’s Grey Cup odds. It is never too early! 

Early 2023 Grey Cup Betting Odds and Betting Favorites for Next Season

Tier 1: The favorites

  • Winnipeg Blue Bombers: +200

Even after the upset, they are still number one. Regardless of the outcome in this match, this is no surprise. Offense is the best in the league, along with the defense. With the MOP and Rookie of the year on their team, there is no denying the Bombers will be on top of the league yet again.

  • BC Lions: +340

There are a lot of questions surrounding the Lions heading into the off-season. The roster that the Lions had in 2022 is not what it looks like it will be in 2023. Most outstanding Canadian Nathan Rourke and Jevon Cottoy are already getting looks from NFL teams. This is a great roster but will they be able to finish the job while losing key players? 

  • Calgary Stampeders: +500

The Stampeders had a tough road ahead of them this postseason. With the pieces likely to be locked in place yet again, they are poised to go for it all yet again. The Stamps showed major success in the regular season. This is not a team that will stand idly by and will do all means necessary to win the Grey Cup. 

Tier 2: Middle of the Pack

  • Toronto Argonauts: +500

The Argos are showing the city of Toronto how to win! But yet somehow they are listed at +500? How does this make sense? Well, there are a fair number of questions surrounding this team based on how it performed in the Grey Cup. There is uncertainty at quarterback and running back. This team could easily go back to back but the oddsmakers seem concerned.  

  • Hamilton Tiger-Cats: +750

The Tiger-Cats are not a team worth betting on. They looked mediocre during the regular season and got embarrassed in the postseason. With some tweeks, they could be back to the Tiger-Cats we once knew. For now, it is wise to refrain from betting on Hammer Town. 

  • Montréal Alouettes: +750

The Alouettes looked like they wanted to lose in the East final. They are a strong team and possess the highest upside in all of Canadian football. However, with Trevor Harris and Eugene Lewis as pending free agents, hold off on betting on Montreal. 

Tier 3: Down but Not Out

  • Saskatchewan Roughriders: +900

It seems to be the end of the line for Fajardo and company. This team needs a major overhaul everywhere from the QB to the whole front office! Seems risky, but there is high upside. 

  • Ottawa Redblacks and Edmonton Elks: +1500

Unless something miraculous happens in the draft or free agency, don’t bet on these teams.


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