Through the first 11 weeks of the 2025 Canadian Football League season, the Saskatchewan Roughriders have established themselves as the best team in the CFL. Below, we look at the latest 2025 Grey Cup winner odds and which teams are seen by top U.S. sportsbooks as the most likely to lift the trophy at Princess Auto Stadium in Winnipeg on Sunday, November 16.
Odds to Win the 2025 Grey Cup
Odds are as of Thursday, August 21, 2025.
| Team | 2025 Grey Cup Winner Odds |
|---|---|
| Saskatchewan Roughriders | +200 |
| Hamilton Tiger-Cats | +315 |
| Calgary Stampeders | +390 |
| Montreal Alouettes | +500 |
| Winnipeg Blue Bombers | +750 |
| BC Lions | +750 |
| Toronto Argonauts | +3300 |
| Ottawa Redblacks | +3300 |
| Edmonton Elks | +6600 |
Who Are This Season’s Grey Cup Favorites?
Saskatchewan Roughriders
The Roughriders have not played in the Grey Cup since 2013, which is the second longest drought in the CFL behind the BC Lions (2011). Since their 45-23 win over the Tiger-Cats that year, the Riders have lost in a division final four times, including a loss to the Blue Bombers last year.
Could that drought come to an end this season? They look like the league’s most complete team at present, led by 39-year-old QB Trevor Harris, who is showing no signs of slowing down.
Can the Riders break a couple of droughts this season? Along with the Grey Cup drought, Saskatchewan has not won the West Division since 2019 and have just two division titles since 1976. They are well on the way to doing so, having already put some space between themselves and the Stampeders and Blue Bombers. That gap could widen even more this week, as they visit Calgary in the top matchup on the CFL Week 12 schedule.
Winning the division would set up the Riders with a West Final at home and the best possible path to a long-awaited Grey Cup return. They are halfway there, and though three remaining games against Winnipeg present a potential obstacle, it looks like it will take a big effort to knock Saskatchewan off of the top of the West.
Hamilton Tiger-Cats
Could Hamilton party like it’s 1999 this year? That was the last time the Ti-Cats won the Grey Cup, making them the only active CFL franchise without a championship in the 21st century.
For those who follow Japanese baseball, there are parallels between the Ti-Cats and the Hanshin Tigers, both in name, team colors, and championship droughts. If the Tigers were able to end their Japan Series drought two years ago after 38 fruitless years, perhaps it is only a matter of time before the Ti-Cats end their CFL title drought.
Leading the charge for the Ti-Cats this season is a prolific offensive unit commandeered by QB Bo Levi Mitchell.
Mitchell led the Stampeders to two Grey Cup wins (2014 and 2018) but fell out of favor in Calgary in 2022, and in his third season in Hamilton, he is on pace to top last year’s career high (and league-best) 5,451 passing yards and could make a serious run at recording the first 6,000-yard season in the CFL since Anthony Calvillo in 2004 (and just the fifth all time).
Consecutive losses to BC and Saskatchewan have slowed Hamilton’s momentum, but a well-timed week off can help them regroup ahead of a stretch of three home games in four games.
Calgary Stampeders
Little was expected of the Stampeders this season after they went 5-12-1 last season. But happy times are here again in Calgary, thanks to new addition Vernon Adams Jr. and a defense that has made a major leap from last season to this season.
Adams signed a three-year contract extension with the BC Lions in February of last year, but they re-signed former starter Nathan Rourke during the 2024 season, and Adams was eventually dealt to Calgary last November.
Acquiring one of the CFL’s better signal-callers has paid big dividends for the Stampeders, who were dead last in the league in scoring last season.
But their return to Grey Cup contender status is just as much down to a defense that is a vast improvement over the unit that was near the bottom of the league in scoring defense and yards allowed per game last season.
While the Stampeders currently sit behind the Roughriders in the West Division standings, they do have a favorable schedule for the second half of the season. That could help them make a push to slide past Saskatchewan down the stretch. A win in their Week 12 matchup would give Calgary a season sweep and a valuable tiebreaker over the Riders, and it could set the Stampeders on their way for a big run from here.
Montreal Alouettes
The Alouettes’ Grey Cup odds are more about who they could be with a healthy Davis Alexander and not who they are right now without him.
Their results this season with Alexander justified the decision to part ways with 2023 Grey Cup MVP Cody Fajardo after last season in favor of locking up Alexander for three years after all of four CFL starts.
Their play without Alexander, whose season has been curtailed due to a nagging hamstring injury, has only further highlighted his ability and importance.
Backup McLeod Bethel-Thompson took over starting duties, only to be ineffective and then join Alexander on the six-game injury list. Then Caleb Evans took over starting duties for the Week 11 visit to BC and made it only to the second quarter before suffering a season-ending ACL tear.
With Alexander, Bethel-Thompson, and Evans all sidelined, the ball is now in the hands of James Morgan, who would not have envisioned being in this position at the start of the season. Can the Alouettes survive until Alexander returns?
Recent Grey Cup Winners and Results
| Year | Matchup and Result | Location |
|---|---|---|
| 2024 | Toronto Argonauts 41, Winnipeg Blue Bombers 24 | Vancouver, British Columbia (BC Place) |
| 2023 | Montreal Alouettes 28, Winnipeg Blue Bombers 24 | Hamilton, Ontario (Tim Hortons Field) |
| 2022 | Toronto Argonauts 24, Winnipeg Blue Bombers 23 | Regina, Saskatchewan (Mosaic Stadium) |
| 2021 | Winnipeg Blue Bombers 33, Hamilton Tiger-Cats 25 (OT) | Hamilton, Ontario (Tim Hortons Field) |
| 2020 | Season canceled due to COVID-19 pandemic | |
| 2019 | Winnipeg Blue Bombers 33, Hamilton Tiger-Cats 12 | Calgary, Alberta (McMahon Stadium) |
| 2018 | Calgary Stampeders 27, Ottawa Redblacks 16 | Edmonton, Alberta (Commonwealth Stadium) |
| 2017 | Toronto Argonauts 27, Calgary Stampeders 24 | Ottawa, Ontario (TD Place Stadium) |
| 2016 | Ottawa Redblacks 39, Calgary Stampeders 33 (OT) | Toronto, Ontario (BMO Field) |
| 2015 | Edmonton 26, Ottawa Redblacks 20 | Winnipeg, Manitoba (Investors Group Field – now Princess Auto Stadium) |
Grey Cup History and Information
Who has won the most Grey Cups?
Last year, the Toronto Argonauts extended their record by winning the Grey Cup for the 19th time in 25 appearances. Next up is Edmonton, with 14 wins in 23 appearances, followed by the Winnipeg Blue Bombers, who have a dozen Grey Cup wins in a record 29 appearances.
Who has won the most Grey Cup wins in a row?
From 1978 to 1982, Edmonton won five consecutive championships, with future NFL Hall of Fame quarterback Warren Moon a member of all five title-winning teams. No other team has won more than three consecutive Grey Cup wins.
Where will the 2025 Grey Cup be played?
This year’s Grey Cup, the 112th Grey Cup, will take place at Princess Auto Stadium in Winnipeg. This will be the fifth time that the city has hosted the Grey Cup, joining its hosting duties in 1991, 1998, 2006, and 2015.
Other CFL Betting Information
At Betting News, you can find predictions and expert picks for the top matchups on the CFL schedule each week.
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