CFL Grey Cup Odds 2023

Posted: Nov 16, 2022Last updated: Nov 21, 2022

After 21 weeks of regular season football, and two weeks of exciting playoff games, the Grey Cup is finally here.

The two teams with the best divisional records, Winnipeg (15-3) and Toronto (11-7), won both of their Division Final games as favorites. Now they face off this Sunday with Winnipeg as a six-point favorite.

Below, check out my Grey Cup picks.

CFL Grey Cup Odds

Best CFL Grey Cup Odds as of Nov. 16, 2022

  • Winnipeg Blue Bombers (-230) at FanDuel Sportsbook
  • Toronto Argonauts (+200) at Caesars Sportsbook

CFL Grey Cup Prediction

Winnipeg Blue Bombers (-230) at FanDuel Sportsbook

The Winnipeg Blue Bombers have won the last two CFL championships (2019 and 2021). This year they have a 15-3 record and are No. 1 in points scored and allowed per game.

Winnipeg has an average scoring margin of +9.3, which is the best in the CFL. Considering that this is a low-scoring league, such a scoring margin is impressive.

When you look at the Blue Bombers’ regular-season schedule, their record is even more astonishing. They are 5-2 against Calgary, BC, and Toronto, their Grey Cup rivals.

Heavy favorites to win championships should usually be greeted with skepticism, but -230 is probably too short of a price for the Blue Bombers.

CFL Grey Cup Contender

Toronto Argonauts (+200) at Caesars Sportsbook

Now that the Grey Cup is here, I don’t believe that the Argos are a good betting value, but here is my best case for why they could be.

Toronto was the fourth-best CFL team this season behind Winnipeg, BC, and Calgary. The reason why they were able to sneak into the Grey Cup is because the East Division was so weak this year.

Other than Toronto, no team had a winning record this season out of the East. In the East Semi-Final, the Argos only had to beat a 9-9 Montreal Alouettes team at home to advance to the Grey Cup.

The Argos only played Winnipeg once this season and lost by one point. It will be an uphill battle, but they could win. I won’t be betting on the Argos myself, but their +5.5 (-110) spread at BetRivers is a better value than their +200 due to the close nature of CFL games.


Kevin Davis

Kevin Davis is a Betting Analyst at The Game Day residing in Hoboken, NJ. Previously a Bronx resident, Kevin got his start betting on sports at his local Bronx barbershop. When sports betting was legalized across the river in Jersey, Kevin was there on the ground floor making regular trips to the Hoboken PATH station or for soup dumplings in Fort Lee. Previously, Kevin has written for The Action Network, and Vegas Insider.

Related articles

Create Betslip