2024 Grey Cup Odds: Blue Bombers Favorites Heading into Preseason

The CFL season is approaching rapidly and the Winnipeg Blue Bombers are the favorites by the 2024 Grey Cup odds from our best sportsbooks in Canada.

Despite the Montreal Alouettes shocking the country and upsetting the Toronto Argonauts in the playoffs on the way to their first Grey Cup in over a decade, it was the Argos who opened as a favorite across our best sports betting apps in Canada.

That was before the CFL announced that Chad Kelly, Toronto's starting QB, would be suspended for a minimum of nine regular-season games for violating the league’s gender-based violence policy.

The suspension comes after a third-party investigated allegations made against Kelly by a former Argos assistant strength coach. The suspension has caused the Winnipeg Blue Bombers to overtake Toronto as the favorite by the Grey Cup odds.

Here is our breakdown of the best 2024 Grey Cup odds (odds via our best betting sites in Canada).

Grey Cup odds 2024

(Odds updated May 18)

Favorites to win 2024 Grey Cup

Blue Bombers (+210 via bet365)

The Blue Bombers had their championship aspirations destroyed by Montreal last season. Winnipeg put together the best record in the West at 14-4 and head coach Mike O'Shea looked poised to win his second Grey Cup as the Blue Bomber's bench boss. Despite falling short, Winnipeg is in perfect position to reach the big game yet again.

At this point, it would be silly to bet against O'Shea reaching the Grey Cup after he led Winnipeg to four straight championship appearances, winning two. He also has a veteran roster returning led by QB Zach Collaros, a two-time Most Outstanding Player, and running back Brady Oliveira, last year's Most Outstanding Canadian. No wonder Winnipeg has the shortest odds across our best sportsbooks.

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Argonauts (+550 via FanDuel)

It was supposed to be the Argos' year in 2023. There was some uncertainty entering the season after Toronto won the Grey Cup in 2022, with QB McLeod Bethel-Thompson opting to play in the newly formed USFL. But waiting in the wings behind him was Kelly, who took the league by storm. 

Kelly led the Argos to a CFL-best 16-2 regular season record on his way to winning CFL Most Outstanding Player. However, an ugly performance from Kelly in the East Final against Montreal ended Toronto's season. Despite the loss, the Argos were expected to be a real challenger once again this season. That was until Kelly's nine-game suspension.

“Players are the ambassadors of our great game,” said CFL commissioner Randy Ambrosie in a statement. “They are expected to be leaders in the locker room and role models in the community. It was important that we performed our due diligence to properly review this matter from all points of view. That in-depth investigation found that Mr. Kelly unequivocally violated the CFL’s Gender-based Violence Policy. Mr. Kelly’s suspension is the direct result of his behaviour."

Cameron Dukes and Bryan Scott are the only other QBs on the roster.

Alouettes (+600 via Caesars)

The Alouettes aren't supposed to win the Grey Cup this year, but that didn't stop head coach Jason Maas last year from bringing Montreal its first title since the Anthony Calvillo days. Of course, Maas has Calvillo as his offensive coordinator and the two seem to be capable of getting the best out of veteran QB Cody Fajardo.

After throwing for just 14 touchdowns in 16 starts last season, Fajardo went off in the playoffs with six TD passes in three playoff games on his way to winning Grey Cup MVP. Another year with Maas and Calvillo to tutor him will serve him well.

The main concern is losing go-to receiver and CFL All-Star Austin Mack to the Atlanta Falcons. Montreal was able to add a potential immediate impact player in the draft, though, as they selected Memphis LB Geoffrey Cantin-Arku at No. 9 overall. 

Past Grey Cup winners

Grey Cup FAQs

Who are the Grep Cup favorites?

The Winnipeg Blue Bombers are the Grey Cup favorites. The Blue Bombers' odds are as short as +200, which implies a 33.33% probability they'll win the Grey Cup, according to our odds calculator. 

Who won the Grey Cup last year?

The Montreal Alouettes defeated the Winnipeg Blue Bombers 28-24 in the 100th Grey Cup at Tim Hortons Field in Hamilton, Ont. It was Montreal's first Grey Cup victory since the 2010 season.

When will the 2024 Grey Cup be played?

The 111th Grey Cup will be played Sunday, Nov. 17.

Where will the 2024 Grey Cup be played?

The 111th Grey Cup will be played at BC Place in Vancouver, B.C. It will be the 17th time Vancouver has the championship game and first since 2014.

How to watch the 2024 Grey Cup

RDS and TSN will broadcast the 111th Grey Cup, respectively, in French and English.

CFL betting odds pages

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Related pages

• Best Sports Betting Sites | Best Sportsbook Promos (U.S. only)