CFL Odds & Betting Markets

The Canadian Football League, often shortened to CFL, is a professional sports league that operates within Canada. Where Canadian football is concerned, the CFL is the highest level, with a total of nine teams competing across two divisions. The CFL’s East Division is made up of four teams, and the remaining five teams are found in the West Division. The teams that compete are in the East Division: Hamilton Tiger-Cats, Montreal Alouettes, Ottawa Redblacks and Toronto Argonauts. In the West Division: BC Lions, Calgary Stampeders, Edmonton Elks, Saskatchewan Roughriders and Winnipeg Blue Bombers. 

From 2024 onwards, the regular CFL season runs for a total of twenty-one weeks, with each team playing eighteen fixtures. The season starts in mid-June and runs until November. Late November sees the iconic Grey Cup championship game take place, which comes after a three-week playoff series. The Grey Cup is a huge sporting event in Canada, with the Montreal Alouettes the reigning champions. The Toronto Argonauts are the most successful team, with eighteen Grey Cup triumphs. 

As the top level of Canadian football, the CFL is popular to bet on, with various markets available to explore. 

CFL Outright Winner Betting

The CFL winner is essentially the team that collects the Grey Cup at the end of the CFL season. The final sees the two teams who have made it through the playoff series post-regular season meet. The winner on the day is then declared the winner of the iconic Grey Cup. The Winnipeg Blue Bombers are the current favourites to win the Grey Cup outright. The reigning champions, the Montreal Alouettes, are outsiders at the time of writing. 

Division Winner Outright Betting

The CFL structure is divided into two divisions – East and West. The regular season sees four teams go head to head in the East Division and five in the West Division. And, as you will expect, at the end of the regular CFL campaign, each division will have a team that has come out on top. Betting on the outcome of these divisions outright is very popular, especially as wagers can be placed throughout the season. The Montreal Alouettes and the Hamilton Tiger-Cats are the favourites to be East Division champions, while the Winnipeg Blue Bombers are the team to beat in the West Division. 

Game Betting

Each team competing across the entire CFL will play eighteen fixtures a season, which means there are a lot of games to be played, and that’s just in the regular portion of the campaign. So, betting on individual games is the way to go for many, especially when factors such as form and injuries can be taken into account before making selections. It’s also possible to bet on the action in play too, which adds another element of excitement to proceedings as games are broadcast live.

Other popular Canadian Football League betting markets include:

• Money Line: This is the most straightforward CFL betting market and simply involves picking which team will win the match.
• Outright: With the outright Grey Cup betting option, you can pick which team will lift the trophy at the end of the Cup Game in November.
• Handicap: This market attempts to make the match as even as possible by subtracting points from the favoured team or adding points to the underdog. You can then choose which team will win under the new virtual conditions.
• Total Points: A number will be shown to punters, and they can decide whether more or fewer points will be scored during the game.
• Overtime: Another popular CFL betting option is whether overtime will be needed in the match or not.

The Canadian Football League stands as Canada's premier professional football league, bringing together nine teams across two divisions for an exciting season of gridiron action.

This sports league operates with unique Canadian football rules that set it apart from other professional football organizations, creating a distinct fan culture and game day experience that culminates in the prestigious Grey Cup championship.

It features nine teams split across two divisions, with the East division housing four teams and the West division containing five teams.

Regular season action spans 21 weeks, with each team playing exactly 18 games during this period. Teams also receive three bye weeks to rest and prepare for upcoming challenges. Before the regular season begins, preseason activities kick off with two weeks of games.

Teams earn points using a simple system: two points for wins, one point for ties, and zero points for losses. Special rivalry games like the Labour Day Classic, Banjo Bowl, Hall of Fame Game, and Thanksgiving Day Classic add extra excitement throughout the season!

How The CFL Winner is Determined

After teams complete their regular season battles, the real excitement begins with the playoff system that crowns the ultimate champion. Six teams earn their spots in this three-week tournament, where division leaders enjoy significant advantages over their competitors.

Division champions receive homefield advantage and skip directly to the division finals, giving them extra rest while other teams fight in the semifinals. The playoff structure creates intense matchups as crossover teams from weaker divisions can compete against stronger division opponents.

Since 1996, five crossover teams have managed to win semifinal games, though none have advanced to claim the championship trophy. The Grey Cup takes place on the third Sunday of November, where the two division winners meet in Canada's biggest sporting event!

The Winnipeg Blue Bombers, who have been runners-up for the last two years in the race for the Grey Cup, are the favourites to make it third time lucky in 2024. The Blue Bombers are a successful team, as far as the CFL is concerned, and it's easy to make a case for them this season. There’s also a trio of other teams that will be there or thereabouts, or at least in the shake-up. They are 2022 Grey Cup champions, the Toronto Argonauts, the British Columbia Lions and reigning champs, the Montreal Alouettes, in that order. But odds are always subject to change. 

Various football betting is available at BetVictor, but at BetVictor Canada, football odds are specifically for the CFL. It’s not the only football that is available to bet on at BetVictor, as NFL odds, as well as soccer betting markets are also on the site. All other sports are covered on the BetVictor platform, which you can check out via a range of devices.