Cricket, much like any other sport, comes with its fair share of uncertainties. Given the number of parameters that go into deciding the outcome of the game, the best betting odds for IPL needs to be carefully considered. Odds are defined as the implied probability that the particular selection you make comes to occur. The concept, while being inherently simple, is complicated by the fact that the best bookmaker IPL odds also include other factors like bookmakers’ profit margin and personal bias. Due to this ambivalence, you might notice during IPL odds comparison that each operator gives out their own set of odds.
Therefore while searching for Indian Premier League Betting Odds for India, here are a few things you should keep in mind:
- Finding the best set of odds for your selection – Searching for the best betting odds for IPL is a research-intensive exercise. Since all operators offer significantly different margins, you will need to engage in some IPL Odds Comparison before you can decide upon the operator. Ideally, the operator of your choice should have the lowest bookmaker profit margin, thereby increasing your profit margin.
- Understanding how different odds function – A cursory look at the different operators should give you an idea about the way odds function. You will need to understand how to analyze different types of odds and interpret them. Odds provide an insight into how different strategies work, and a proficient understanding of such odds is bound to accentuate your betting strategies.
- Being acclimatized with the betting world – In the ever-changing world of online betting, odds are the singular most important aspect that affects the nature of bets placed. Apart from IPL odds comparison, you should also be acquainted with how such odds are represented and calculated. The more you understand the way Indian Premier League Betting Odds for India functions, the better prepared you can be to formulate betting strategies.
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How can you read betting odds in IPL?
A well-defined strategy related to betting on IPL games is inherently embedded in your ability to read the bookmaker odds for IPL. No matter which bookmaker you consult, the best bookmaker IPL odds are represented in either of the three ways, thus explained. They are:
Fractional Odds
Fractional odds are most commonly employed by bookmakers who are based out of the UK. These odds are displayed as a fraction like 6-1 or 4/1. Both representations mean the same thing. For instance, if the odds are expressed as 4/1, the number ‘4’ or the numerator represents the profit excluding the stake, and the number ‘1’ or denominator represents the stake to be placed. As per the example, a stake of Rs. 1 will give way to a winning reward of Rs. 4. The method can thus be expressed in the following way,
Total Return = [Stake x (Numerator/Denominator)] + Stake
Decimal Odds
Decimal odds are mostly used by bookmakers based out of Europe. Obviously, you’ll find that these odds are more commonly employed across the board as they are less complicated than their fractional counterparts. The odds are represented through decimals, which include both the profit emanating from the bet as well as the original stake placed. It can be expressed via the following formula:
Total Return = Stake x Decimal Odd Number
For instance, in an IPL match between Kolkata Knight Riders and Mumbai Indians, if the bookmaker’s odds for IPL for a Mumbai Indians win is 6.5, and you place a stake for Rs. 200 – On a Mumbai Indians win, you will earn Rs. 1300.
American Odds
A more slightly complicated representation of odds is American odds usually represented by bookmakers based out of the USA. These odds are generally represented by plus and minus signs to indicate which of the two teams are considered as the bookmakers’ favorite (+) and which the underdog (—).
Consider a match where the odds read as:
Mumbai Indians: + 360
Kolkata Knight Riders: — 660
If you bet Rs. 100 on Mumbai Indians and they win, you get Rs. 460. While if Kolkata Knight Riders win, and you had bet Rs. 100 on them, you get a winning amount of Rs. 760.
Factors That Determine Odds
IPL matches are a multi-faceted affair. Unlike football matches, they come with a lot of factors to be considered while fixing odds. It is crucial as a punter in this regard to understand the factors that go into setting a particular set of odds as offered by the bookmakers. If you can take into account these factors, you might be able to understand whether the odds offered to you have been artificially blown up. This could help you formulate your betting strategies accordingly.
Different Phases of Innings
Given its high stakes, IPL is a meticulously planned game played on a set of match intensive strategies. Each team approaches the match with a different strategy based on their strengths and weaknesses. The strategies include dividing the batting sessions into things like slog overs, which are usually very high scoring. This assessment could help you make bets on the number of runs that can be scored in a particular over.
When it comes to betting on who will score the highest, the strike rate of the batsmen is used for reference since they reflect how fast the batsman has been able to garner up runs in previous matches across his career. While there might be a few exceptions to this norm, the figures are generally spot-on in their ability to recognize batsmen with higher scoring rates.
The pitch conditions are one of the most fundamental parts of cricket. It affects the bowler’s ability to pick wickets, the batsman’s ability to score runs, and in general, is representative of how the match turns out.
This factor usually comes into play if the weather is cloudy, and there is a chance of rainfall. Given the weather conditions, the number of overs played in a match could be curtailed, or the match could even be stopped. Thus the betting odds on the overall outcome of the match are directly affected by the weather conditions.
Historical analysis is more time consuming but does have the benefit of giving accurate results. Factors like a particular batsman struggling against a particular bowler, a batsman not being able to play at a specific venue all affect the odds, whether individual or team-based.
IPL Betting Types
Much like any other sport, before you get obsessed with bookmaker odds for IPL, you need to understand the different types of bets and concepts involved with IPL matches. Being ignorant of such factors will not only affect your strategies but also could lead to losing the bets. Here’s a list of the. Various types and concepts related to IPL betting:
Match Handicap
For those interested in spread betting, the match handicap bookmakers offers for IPL matches is an exciting concept. Unlike in most other spreads where the spreads emerge before a match, in cricket, the handicap is determined after the first innings i.e., the first team which bats finishes batting. Now, if the team batting first scored 250 runs, then the bookmaker could set a handicap of + 16.5 for the second team. This would mean that the first team would be operating on — 16.5
Future Betting
Future betting is not really something that you should concern yourself with if you are looking for bookmaker odds for IPL for a single match. The betting is more suited to betting on aspects such as who will win the tournament. While the odds are generally set at the start of the tournament, they are changed throughout the tournament and therefore, should be noted duly.
Live Betting
The live betting has been quite a revelation since IPL matches began a few years ago. Having enjoyed increasing popularity with each successive season, live betting has emerged as the hot favorite among bets thus placed. At a live bet, you are only limited by your imagination of what you can bet on. For instance, you could bet on whether the team batting will score an odd or even number of runs in an over. You could potentially place any bets as long as the match is on live.
Mobile Betting
With the advent of more powerful and potent devices like tablets and mobiles, the mobile betting simply connotes the ability to place bets via a portable medium. Almost all bookmakers would allow for access to such devices, and the various payment methods and the dedicated betting rates available simply at a moment’s touch is an absolute convenience.
Popular IPL Props Betting
The rise of IPL as a dominant market to place bets on has also changed the way betting used to function in cricket traditionally. The best bookmaker IPL odds are now no longer on who will win the tournament but more related to props betting. Quite simply put props betting in the context of IPL games could mean placing bets on things in the game that do not directly result in the outcomes per se. These bets could simply involve a single player, an individual over, or even a simple occurrence that could take place in the match. The list below contains some of the most commonly used prop bets; however, please note that the list by no means exhaustive, and there may be more variants to that effect.
- Winning The Toss – The simplest of bets is made on the outcome of the toss at the start of the match. This does not, by any chance, reflect on the outcome of the match. The bet entails who will win the coin toss.
- Top Batsman per side – In any cricket match, there are two cricket teams at loggerheads with one another. The bet involves betting among who will score the most runs as a batsman for each team. The betting rates would vary from player to player, depending on their ability to wield the bat.
- Top Bowler per side – Consequently, since you can bet on the highest scorer in terms of batting for each team, you can even bet on who will take the most wickets. You could bet on either team, and the top bowler would be judged only on an individual performance.
- Man of the Match – Every IPL match has a Man of the Match award usually given to the player who has been the most valuable in leading the team to a victory. The bet can be made on which individual shall get the award.
- Total runs scored in the Match – This bet is a little different from the other bets. Under this bet the bookmakers set a fixed score, and the punter needs to bet whether the team of his choice shall score over/under that specific score.
- Total Runs in the 1st Innings – This is also a sub-type of the kind of bet that ‘Total runs scored in the Match’ consists of. This bet is made on each innings.
Conclusion
Given the proliferation and mass popularity IPL enjoys among Indian and International audiences alike, it can quite easily be considered to be one of the most valuable tournaments. In the world at the moment. Quite naturally, too, the betting community has benefitted from the popularity of the tournament with bookmakers across the globe readily offering odds, and following the tournament closely.
With the rise of mobile devices and the easy accessibility of payment operators, the IPL looks like a promising venture to explore when it comes to online gambling. An informed approach can help you make the best of the odds provided by the bookmakers.Instead from odds and bookmakers information of IPL wetten.com also provides online betting guide for India and online casino reviews India.
Our best Bookmakers for IPL:
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