CFL Betting Odds: Check out Canadian Football League Odds for June

Last Updated on 06/16/2024
Fact checked by: Josh Miller

You can find the best CFL betting odds for all of this season’s games and outright markets right here at TheGruelingTruth. Below, we have provided you with some short reviews of the best Ontario sportsbooks for football betting.

As well as that, our experts have also put together a short guide about CFL odds and how the betting works. So for everything you need to wager on the next game week, just read on below.

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Compare CFL betting odds at these sportsbooks in 2024

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CFL Vegas odds – The basics

First of all, let’s take a look at how the actual odds are set and how they work. There are three basic odds markets for every CFL game, which are:

  • Moneyline (win market): This is the basic odds that show the probabilities of each team winning. The team with the highest win probability (the favourite) will have the lowest odds. On the other hand, the team with the lowest win probability (the underdog) will have the higher odds.
  • Points spread: In this market, the odds and the win probability are evened up as the favourite is given a points handicap and the underdog is given an advantage.
  • Totals (Over/Under): The odds on this market aren’t concerned with which team is likely to win or lose. Instead, the betting line will present you with a proposed points total for both teams combined. At the same odds, you can bet on the final game points total being over or under the given number.

An example of CFL game odds:

Here is how the basic odds will look for a CFL game at your average online betting site in Canada:

Spread Total Moneyline
Hamilton Tiger-Cats +6.5
1.91
O 46.5
1.91
3.40
Toronto Argonauts -6.5
1.91
U 46.5
1.91
1.33

In this example, you can see that the Argonauts are clear favourites, at very short odds of 1.33 compared to the Tiger-Cats at 3.40. Additionally, the spread is quite large at -6.5, meaning that you would need the Argonauts to win by seven points or more for your bet to pay out.

As the totals line is 46.5, a high-scoring game between both teams combined is expected.

How to read CFL betting odds

Whether you are looking at CFL or MLS Cup betting odds, the way that you read them is exactly the same. In the example that we have used above, the odds are shown in decimal format. This is still the most commonly used odds format in Canada, however, there are some sportsbooks that now use American odds as default.

Reading decimal odds is fairly straightforward. If you were to bet $100 on the Argonauts to beat the -6.5 spread at 1.91, you would calculate your total payout by multiplying your stake by the odds:

  • $100 x 1.91 = $191

To calculate your profit, simply subtract your stake from the total payout:

  • $191 – $100 = $91

Other types of CFL betting odds

Betting on individual games is by far the most popular option when it comes to the CFL. As well as betting on pre-game betting lines as listed above, most sportsbooks also give you the chance to bet in-play, while some even have streaming rights to CFL games.

As well as the three basic CFL odds markets explained above, you also have the following bet types for most games:

  • Game/player pros
  • Halves/quarters betting
  • Cores
  • Tourdowns
  • Field goals

If you want to look beyond individual CFL games, you can instead look at futures markets, like these:

CFL Playoff odds

From the very start of the CFL regular season, many Ontario sportsbooks will already offer odds on the teams that will make the playoffs. For the NFL, futures betting on teams to make the playoffs is basically a lottery at the start of the season, as there are so many teams. However, as there are only nine CFL teams, early playoff bets often provide a good balance between value and probability.

CFL Grey Cup odds

As is the case with the playoffs, you can also get odds on the Grey Cup winner, with the odds changing throughout the season. For example, the Hamilton Tiger-Cats betting odds might start off long, but then shorten as they pick up form and result during the regular season. Again, early bets provide a good way to find better value here but can be riskier.

The best places to find CFL odds today

Here you can take a look at the five best Ontario sportsbooks for CFL betting odds, and football betting in general. Our experts have tested and reviewed each of these sites, based on how competitive their CFL odds are, and also what they can offer to bettors overall:

1. Bet365 – Best value odds and CFL live streaming

Bet365 Sport Pro Contra Ontario
Bet365: Pros & Cons
  • Best value CFL odds
  • CFL live streaming
  • Multi-sport parlays
  • International betting brand
  • Date interface

The main reason why Bet365 tops our lists is because it consistently has the most competitive betting odds for the CFL. If you compare the odds of all Canada sportsbooks for any CFL game, we can almost guarantee that bet365s will be either in and around the same as the nearest competitor or the best of the bunch.

As well as that, Bet365, is the only site on this list that offers live streaming for certain CFL games. As long as you have a fully funded account and an active bet on a CFL game, you should be able to watch it through the Bet365 live-streaming service.

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2. BetMGM – Top mobile CFL betting odds

BetMGM Ontario Sportsbook
BetMGM: Pros & Cons
  • Best CFL betting app
  • Dedicated CFL fast-track button
  • Good for half-time/full-time odds
  • CFL futures odds
  • CFL provisions not as good as NFL

If you always bet on the move, then BetMGM might be a better option for you than Bet365. The mobile betting app is of a higher quality and has a design that is extremely user-intuitive. Moreover, CFL has its own dedicated button in the sportsbook during the season so you can find the odds easily.

Once you are looking at the odds for the games available filtering the screen to show you the odds for the markets that you want is easy. You can even switch the moneyline, totals and spreads to half-time and full-time at the click of a button.

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3. Pointsbet – Pick your own CFL spreads and totals

PointsBet Review Ontario
Pointsbet: Pros & Cons
  • Pick your own spread and totals
  • Lowest minimum deposit limit
  • $5 withdrawal limit
  • CFL same game parlays
  • CFL odds not easy to find

Pointsbet offers a unique service, which gives you access to CFL betting odds markets that you cannot find at any other Ontario online sportsbook. For every CFL game, you have the option to pick your own spread or totals. Therefore, if you don’t like what’s offered in the main betting line, you can set your own and Pointsbet will give you the odds.

Additionally, Pointsbet is also handy if you are betting with a small bankroll. If you use PayPal for your deposits and withdrawals, the minimum limit is just $5. It is also one of the few online sportsbooks where you can bet less than $1.

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CFL betting odds – Conclusion

Now that you understand exactly how CFL odds work, you just need to sign up to at least one of the recommended football sportsbooks here at ThrGruelingTruth. Why do we say “at least” one? Because if you have more than one account, then you can compare the odds for every game. This ensures that you get the best possible value for each CFL bet that you place this season.

Top sports betting sites in 2024

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CFL betting odds FAQ

❓ How to find the best CFL betting odds?

You can find the best CFL betting odds at any of the top recommended sportsbooks by our experts here at TheGruelingTruth.com. It’s always advisable to compare the odds against a number of sportsbooks for every game that you bet on.

🏈 Do Ontario sportsbooks offer odd on the CFL?

Yes, while the NFL often takes center stage, there are plenty of Ontario sportsbooks where you can bet on the CFL. At Bet365, you have competitive odds and CFL live streaming. Meanwhile, BetMGM makes it easy for you to find CFL odds and markets from the sportsbook homepage.

✅ Can I bet on CFL in Ontario?

Yes, it is legal to bet on the CFL online in Ontario. Since 2022, single game sports wagering has been legal and regulated in Ontario by the AGCO and iGaming Ontario. Just make sure to bet with a recommended and licensed ON sportsbook. You can find a list of approved providers here at TheGruelingTruth.com.

🏆 What are the Grey Cup odds right now?

The Grey Cup odds are always changing, so it’s best to keep an eye on them throughout the season. Fortunately, you can do just that and register with the best sportsbooks in Canada right here at TheGruelingTruth.com.

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