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CFL Grey Cup Odds 2022: Blue Bombers Favored To Three-Peat

The Winnipeg Blue Bombers are the favorites for the CFL Grey Cup odds 2021.

The 108th Grey Cup game was a rematch of the 107th Grey Cup and ended with the same result, the Winnipeg Blue Bombers lifting the trophy. With back-to-back championships, Winnipeg is favored once again in 2022 Grey Cup odds.

The 109th Grey Cup game will take place at Mosaic Stadium in Regina, Saskatchewan in late November 2022.

2022 Grey Cup Odds

Online sportsbook Bovada has updated its CFL Grey Cup odds for 2022 with Winnipeg as the +200 favorite. The Bombers are followed by Hamilton at +400, Saskatchewan at +400, Toronto at +400 and Calgary at +550 to round out the top five teams on the oddsboard.

Odds To Win the 2022 Grey cup
Winnipeg Blue Bombers+200
Hamilton Tiger-Cats+400
Saskatchewan Roughriders+400
Toronto Argonauts+400
Calgary Stampeders+550
Montreal Alouettes+850
B.C. Lions+1000
Edmonton Elks+1500
Ottawa Redblacks+1500

Odds as of December 29 at Bovada

Looking at the CFL Grey Cup odds for 2022, our sports betting calculator tells us that the Blue Bombers’ odds of +200 represent an implied win probability of 33.33 percent.

Looking to bet on the Grey Cup but don’t know where to start? Check out our How to Bet CFL guide to help you get in the action. Also, our sportsbook review page is a useful tool in choosing where to bet on the Grey Cup.

See Odds Shark’s Best Betting Sites

Why Are The Blue Bombers Favored In The Grey Cup Betting Odds?

The Bombers were the cream of the crop throughout the 2021 CFL season, scoring the most points and allowing the fewest en route to their second straight Grey Cup triumph. Quarterback Zach Collaros won the Most Outstanding Player award, leading the league with 20 touchdown passes, completing 70.1 percent of his passes and throwing for over 3,000 yards.

Furthermore, the Blue Bombers had other major award winners in Stanley Bryant (Most Outstanding Lineman), Adam Bighill (Most Outstanding Defensive Player) and Mike O’Shea (Coach of the Year). 

There’s a winning culture surrounding Winnipeg and the Bombers will certainly be a formidable force again in 2022.

Grey Cup Odds: Value Pick

It’s easy to say that Hamilton, the loser in the last two Grey Cups, is providing better value than Winnipeg. However, I’m looking for more value and my eyes are on the 2021 East Division champs, the Toronto Argonauts, at +400.

I think the Argos defense, which was a major issue for them in 2021 when they surrendered the second-most points in the East, is going to continue to evolve and improve. There are playmakers on the defensive side of the ball in Shawn Oakman, Shaquille Richardson and Henoc Muamba but coming together as one unit will be their biggest task.

What Are CFL Futures?

Which CFL team will win the Grey Cup? Oddsmakers set CFL futures every year, and update them throughout the regular season depending on a team’s performance. CFL futures bets are long-term wagers on what team you think will win the Grey Cup, skipping the weekly wagers on individual games and cutting right to the most important battle of the season. Futures bets can be profitable and it’s always fun to predict winners so early in the season.

While the most popular CFL futures wager is betting on which team will win the Grey Cup, you can also place futures wagers at some sportsbooks on individual awards, conference winners and other long-term prop bets.