Who's Favored? CFL 2024 Grey Cup Betting Odds

Last season, if fans had placed a bet on the Montreal Alouettes winning the Grey Cup, they more than likely won a lot of money out of it. Will that be the case again in 2024?

Three of the top betting sites — Caesars, FanDuel and DraftKings — have updated the betting odds for the 2024 Grey Cup. Here is a look at each of the sites' odds and how the teams stack up against each other.

2024 Grey Cup Betting Odds

The biggest takeaway is that the Winnipeg Blue Bombers are the favorites to win it all as they sit with a +200 on each of the sites. After that, there is a mix between the Als, BC Lions and Toronto Argonauts as the next teams up.

As for the least likely to win the Grey Cup, the Ottawa Redblacks are last or tied for last on each of the sites, sitting between +2,000 and +2,800 odds to win it. The Edmonton Elks have the second-to-last odds to win the Grey Cup at between +1,600 and +2,500.

If trends carry over from last year, the Ottawa Redblacks could be feeling good about themselves as winners of the Grey Cup. Taking a chance on Ottawa would be big money, but a big risk to it.

Of the top four teams to bet on, the Argos are the riskiest, especially as they deal with the Chad Kelly suspension and the loss of a lot of talent in the offseason. The Bombers are a safe choice as they have been to the Grey Cup four straight seasons.

The CFL season kicks off in Winnipeg Thursday as the Als take on the Bombers.