Are you eagerly waiting for the exciting matches of the Indian Premier League this year? Since its inauguration in 2008, IPL has gained tremendous popularity. However, why should you watch these matches only as a cricket fan?
It’s the right time to take advantage of the 7-week tournament by placing your bets. We have created this page for IPL bettors, and we are ready to help them with IPL betting odds every season.
With cricket betting odds, tips, and tricks, you can increase the chance to win the bet.
We are sure that you would be asking the question- ‘what are odds in IPL cricket betting?’ We are here to help. This guide on cricket odds will clearly explain in simpler words all about winning bets in cricket, especially IPL.
You will also be able to find match odds meaning in cricket in this detailed guide. Some of you may be wondering how to understand cricket odds and find out all the details.
So, read along and find cricket odds explained in detail to make your sports betting experience easier and more fun.
When you are done, you can try your luck on our trusted IPL betting sites and we hope the odds work in your favour!
What are IPL Betting Odds? How do they work?
If you want to win huge money in IPL, then the first thing you need to know about is how to read the odds.
This is very important as odds change in real-time as the game progresses. The underdogs might become favourites after the 1st innings is over.
This will change the dynamics of the game completely and the odds will change significantly. So, you need to know why the odds are changing and when to place the bets.
In the world of sports betting, odds serve two different purposes.
First, these odds are useful for calculating the winning wager payouts.
Second, odds reflect the probability of a particular outcome of the tournament.
It is important to know how sports betting odds work. Based on the location and sport, online sportsbooks calculate these odds. Let’s take an example of an IPL match between Mumbai Indians vs Delhi Capitals. The probability of the outcome of the team winning the game is:
- Mumbai Indians – 80%
- Delhi Capitals – 15%
- Match Tied – 5%
The bookmaker will give you the final odds after considering their margins. The final odds you will see will be like:
- Mumbai Indians – 1.2 (You will place an INR 100 bet and win INR 120)
- Delhi Capitals – 4.6 (You will place an INR 100 bet and win INR 460)
This will keep on changing as the game progresses.
The team likely to win at that moment is known as favourites. The odds will give you LESS profit to place a bet on that team’s win.
The team likely to lose at that moment is known as underdogs. The odds will give you a HIGH profit to place a bet on that team’s win.
Formats for Betting Odds in IPL
To have the concept of cricket betting explained well, it is important to understand the sports odds as displayed in a range of formats.
Fractional odds
They reveal the net total to be paid out to the sports bettor for winning the bet. For example, 1.3/1 means you need to bet INR 100 to win INR 130.
Decimal odds
They denote the accurate amount that the bettor will get as a winner. For example, 1.38 means you will win INR 138 by placing a bet of INR 100.
American / Moneyline odds
These odds either have a (+) sign or a (-) sign in them. Plus, a sign shows that you want to bet on the underdog team and shows the amount you will win by placing INR 100. For example, +140 means you will earn INR 140 by placing a bet of INR 100.
While the (-) sign is for the favourites and shows the amount, you need to bet to win INR 100. For example, -130 means you will place a bet for INR 130 to win INR 100.
In both cases, the initial bet will be given back in addition to the winning amount if your team wins. Hope now you have a better idea of cricket betting odds. Also, there are some of the betting sites from our recommended list, which explain the match odds meaning in cricket in Hindi.
A few words about IPL and Betting Opportunities
The IPL cricket tournament comprises of 8 teams representing 8 Indian cities. There will be a Double Round Robin format as each team will play with another team twice.
The best four teams will be eligible for the playoffs. Based on them, IPL will arrange elimination and final rounds.
As one of the sports bettors, you can check out IPL cricket betting odds for overall league statistics and IPL matchups. IPL bettors mostly place their wager on:
- Match winner
- Live betting
- Total runs
- Top batsman and bowler
- Man of The Match
- Total fours/sixes and wickets
- Player performance
- Coin toss winner
How can you place bets on IPL matches?
IPL is one of the best tournaments to place your sports bets. By learning about the players and the IPL gaming format, you can be a lucky bettor. To place your bet:
The first and foremost step in any cricket betting guide would be to choose a betting website, open your betting account, and apply the available bonuses.
Then, you can decide on the amount that you will deposit for betting. Most bookmakers accept e-wallets, bank transfers, debit cards, and credit cards.
Finally, you may look for the IPL betting odds to place your wager.
IPL Live Betting- Get the utmost advantage of it
You can find out live betting odds to bet on real-time cricket matches. Thus, you must not place your wager until the beginning of the game. We also call it the in-play betting style.
The answer to the question – how to bet on cricket and win is simple – do not miss IPL betting. With IPL live betting, you will have a better opportunity to make more profits. While there is a slight change in odds, you may think of cashing out earlier to get the potential profit.
Learn about IPL leagues
More and more research can increase the chance of profitability in cricket betting. While you rely only on your guesses to place your bets, you may not get the desired results. You need to know about every team playing the IPL league this year.
Find out details of team performance, their strengths, and their weaknesses. A detailed statistical view of the league is essential. It will be easier for you to find out trends among these teams. The most important thing is to know the winner of the last five years of the IPL league.
Who will be the IPL winner this year?
Mumbai Indians and Chennai Super Kings are looking for favourites to lift the title once more. You can have a look at the below image for all team odds winning IPL on Betway.
Some Questions On Cricket Betting Odds
+200 is a type of odds usually used by American bookmakers. They are also called the American odds or Moneyline odds. The odds range from +ve to -ve where the profit is decided for a stake of 100. In the case of +200, on a bet of INR 100, the player will win INR 200.
The cricket betting odds in simple words can be considered as the likelihood or the probability of an outcome. These are the assessments of the bookmakers for each team participating in a match.
The formula to read betting rates is- Probability = 1/odds. For example, in a match between India and England, the odds determined by a bookmaker are 1.56 for India, then with this formula, the betting rate will be 1/1.56 = 0.6410. The probability percentage will be 0.6410×100 = 64.10%.
+4.5 in betting means that the participating teams will score more than 4.5 points in the game. So, the goals that both the host and the guests score should be more than 4.5 which is 5 and above. This system does not depend on which team is winning and which is losing. The total score is calculated.
Now, have you thought of winning your bet in the coming IPL cricket betting season?
Never overlook IPL betting odds for tournaments. You need to have a clear understanding of IPL cricket rules, policies, and formats. There are pre-match betting, live betting, and several other betting options for you. The latest odds on online cricket betting will make everything easier for every bettor.
