CFL Odds & Betting Lines
CFL GAME BETTING ODDS
The 2023 CFL season has concluded with the Montreal Alouettes winning the 2023 Grey Cup with a 28-24 victory over the Winnipeg Blue Bombers.
Be sure to check back in 2024 as VegasInsider will be offering up Betting Odds on the entire Canadian Football League regular season and playoffs.
Odds Provided by bet365 - Subject to Change
Check out the latest CFL Futures Odds to win the 2024 Grey Cup, and use our BetMGM promo code to get up to $1500 in deposit matching.
HOW TO READ CFL LAS VEGAS ODDS
The point-spread was developed to provide a balance for both teams involved in a contest to entice bettors to potentially back the weaker team and receive points. The two squads in a game are listed with a title, either a favorite or an underdog. The favorite is usually the perceived better team in the game, as backing them means giving up several points.
The favorite is always listed with a minus (-) sign before the point-spread while the underdog is labeled with a plus (+) label.
EX. FAVORITE -10, UNDERDOG +10
On the VegasInsider.com odds page, there is another number associated with the favorite and its listed as -10. This number is simply defined as “vig” or what many in the sports betting industry call vigorish. Another common term is called “juice” and it’s technically the price the bettor has to pay on a straight wager.
EX. BET $110 TO WIN $100 (10% JUICE)
EX. BET $100 TO WIN $91.91 (10% JUICE)
It's not uncommon to see other values posted other than -10. Examples seen on the CFL Vegas Odds pages could include -08, -12, -15 and -20. The -10 price is the most common value in the industry while many books offer reduced 'juice odds' and that would fall into the -08 category.
The lower-juice sportsbooks are normally found outside of the state Nevada. If you are in a state where sports betting is legal, please check out our online sportsbook directory to find the best and most secure places to make CFL bets.
Another number that’s posted on the CFL Las Vegas is the total or ‘over/under’ for the specific matchup. If the favorite is designated as the home team, then the total will be listed above and vice versa if the visitors are favorites.
All of the above numbers are listed next to the teams, and before each matchup is a Rotation number. The CFL Las Vegas Odds are listed in order of rotation and those numbers are generated and produced by the sportsbooks. Above each matchup and rotation is the Time of the game, which is subject to change. All game times are Eastern Standard Time.
CFL OPEN LINE
One of the best features on the CFL Vegas Odds is the Open Line. This numbers consists of the first betting line received from one of our Las Vegas or Global Sportsbooks. The opening line varies depending on the sportsbook but it provides a clear-cut rating that the oddsmakers use. If you’re betting on the CFL or any other sport, it’s a great idea to view the open line first.
VI CONSENSUS CFL LINE
The VegasInsider.com Consensus CFL Line is just as important as the Open Line and also a key resource on odds platform. The Consensus column could be called a “Median Line” since it shows the most consistent number provided by the sportsbooks on VegasInsider.com. The consensus line will be the same as the open line but once the wagers start coming in, this number is often different than the openers.
HOW DO I BET ON A CFL GAME?
There is a favorite and an underdog listed in each game.
In this example, Edmonton is listed as an 8.5-point favorite and Montreal is an 8.5-point underdog. Edmonton covers the spread if it wins by nine points or more. Montreal has two different ways to cover the spread as an underdog. First, if Montreal loses by eight points or fewer, it covers. The second way is if Monreal wins outright by any score, so backing an underdog has its advantages, too.
What makes the CFL unique as opposed to the NFL is several rule modifications. The CFL plays 12-on-12, while the NFL has 11 players on each side of the ball on every play. Also, the CFL only allows three downs to get a first down, creating more opportunities to score faster. The CFL has a 110-yard field, compared to a 100-yard field in the NFL, while the CFL also increases scoring with singles or "rouges," with the kicking team receiving one point when a missed field goal is not returned out of the end zone or kicked through the end zone.
HOW DO I BET ON THE GREY CUP?
We know that you can bet on the Grey Cup at any time of the year, but what’s the process? The future wager or the “Odds to Win” bet on the Grey Cup is correctly selecting a team to win an event that takes place at a later time. A bettor will have his wagered money tied up until there is an outcome and bettors will receive fixed odds when they place the wager. In the case of the Grey Cup, you’re not a winner or loser until you see zeros on the clock in the final game.
Most sportsbooks offer different ways to read to Grey Cup Odds. In the fractional CFL Futures Odds format below, you simply take the odds and multiply by the amount wagered.
EX. SASKATCHEWAN (5/1) TO WIN THE GREY CUP
The Rough Riders are listed as an 5/1 betting choice to win the Grey Cup. If you wager $100 on Saskatchewan to capture the championship, then you would win $500 (5 ÷ 1 x 100). Your online betting account would then credit your account $600, which includes your win and stake ($100).
The American Format would see Saskatchewan listed at +500 and for the Decimal Format, the Rough Riders would be 6.00.
If you are in a state where online betting is legal, we encourage you to check out our sportsbook directory to find the most trustworthy and reputable sites and mobile apps to place your Grey Cup bets. You can also use our Fanatics sportsbook promo code to get potential bonus bets!