They competed in the NRL's 2010 Telstra Premiership and finished the regular season 7th (out of 16).
Wins over the ladder-leading Dragons and the Gold Coast Titans followed until a four-game losing streak ensued; with the club sitting third from last after a round 17 home loss to the Roosters in what was Todd Carney's return to the nation's capital.
The Raiders advanced to the finals on the back of eight wins from their past nine and were drawn a tough away final against the second-placed Penrith Panthers whom the Raiders had beaten just five weeks earlier.
Having lost to the Tigers twice during the regular season, it was hoped that a record crowd of 26,746 would inspire the Raiders to continue their fairytale run deep into the finals, however a missed penalty attempt by Jarrod Croker in the final minutes of the match saw Canberra lose by 26–24 and therefore draw a curtain on the Raiders' 2010 season.
*Finished round in 15th but promoted to 14th after Melbourne were stripped of competition points Glen Buttriss – HK Terry Campese – FE Jarrod Croker – CE Josh Dugan – FB Shaun Fensom – LK Danny Galea – SR Bronson Harrison – SR Marc Herbert – HB Cy Lasscock – SR Tom Learoyd-Lahrs – SR Scott Logan – PR Drury Low – WG Sam Mataora – SR Josh McCrone – HB Josh Miller – PR David Milne – FB Adam Mogg – FE Joel Monaghan – CE Joe Picker – SR Reece Robinson – WG David Shillington – PR James Stuart – CE Joel Thompson – CE Troy Thompson – PR Trevor Thurling – SR Dane Tilse – PR Alan Tongue – LK Daniel Vidot – WG Travis Waddell – HK