A look at how the Indian Premier League of cricket is helping to shape the online betting scene in India.
The Indian Premier League (or IPL for short) is the top tier of men’s professional cricket in India. It also happens to be the most popular T20 League in the world, and it’s massively helping shape India’s online betting scene.
The 2023 TATA IPL (as it’s officially known this year for sponsorship reasons) is the most bet on sport in India, with millions of people regularly placing wagers on which teams they think will come out on top.
Take a closer look right here at how the IPL is helping with the boom of online betting sites that specifically cater to people living in India.
How is the IPL helping to shape the betting scene in India?
The Indian Premier League (IPL) is India’s most followed sport/league, so it also makes sense that it’s the most popular sport to place a wager on at your typical betting site in India.
When you combine its popularity with the ever-improving internet speeds around the country, cutting-edge smartphones, and the many websites that now offer cricket betting apps with a wide range of markets and competitive odds, you can see why the online betting scene in India is now so huge.
The 2023 TATA IPL season is in full swing, and more people than ever are betting on the matches. Today’s most trusted sites usually offer pre-match, outright, and in-play (aka live) betting services, and there are many different bet types available.
What are the different bet types available in cricket?
Many of today’s most trusted Indian online sports betting sites have multiple bet types available for each event. The main types of bets you are likely to come across in an average cricket match are things like match outcome, total score/runs (over/under a certain amount), toss winner, the maximum score in an innings, top batsmen, and best bowler.
It’s also usually possible to be able to place a wager on several other bets, such as the highest opening partnership, maximum fours/sixes, first player/team to score a certain number of runs, first player/team to get half a century or a century, most run-outs, dismissal method, future betting, and so many more.
Which teams can I bet on in the IPL?
You can bet on any of the ten teams that currently play in the IPL, which include the following:
- Rajasthan Royals (RR) – currently top of the league (1st place, after 4 games played, as of April 15th)
- Lucknow SuperGiants (LSG) – 2nd
- Gujarat Titans (GT) – 3rd
- Kolkata Knight Riders (KKR) – 4th
- Chennai Super Kings (CSK) – 5th
- Punjab Kings (PBKS – 6th
- Royal Challengers Bangalore (RCB) – 7th
- Mumbai Indians (MI) – 8th
- Sunrisers Hyderabad (SRH) – 9th
- Delhi Capitals (DC) – 10th
Which team is most likely to win the IPL 2023?
You can bet on individual matches, plus you can also bet on an outright winner for the current 2023 TATA IPL. Let’s take a quick look at some of the latest odds.
At the time of writing, here are the latest IPL outright winner odds you can find at most betting sites.
Although it’s still early days, the Rajasthan Royals, the Lucknow SuperGiants, and the Gujarat Titans (the current reigning champions) are the joint odds-on favourite teams to win the IPL outright.
They are currently priced at around 5.00 in the standard European decimal odds format, which means that all three teams have a 20.00% implied probability rate of winning. In other words, it’s still too early to tell who might win, but it will most likely be one of these three teams.
In comparison, the Chennai Super Kings are priced, on average, at around 7.50, which means they have a 13.30% chance of winning the league outright. The Royal Challengers Bangalore are the fourth odds-on favourite to win at 10.00, which means they have a 10.00% chance of winning.
You then have the Mumbai Indians and the Kolkata Knight Riders, who are both priced at 11.00 (with a 9.10% chance), the Sunrisers Hyderabad at 15.00 (6.70%), the Punjab Kings at 19.00 (5.30%), and the Delhi Capitals at 41.00 (2.40%) – the least favourite team to win.
Thanks to the IPL, the online betting industry will no doubt continue to flourish over the coming years. Although there is a chance to win money betting on cricket, don’t forget that no bets are guaranteed, and that betting can be risky.
In other words, try to gamble responsibly by placing sensible bets, and don’t gamble with money you can’t afford to lose.
Do your research before betting on cricket, and check the reviews for the most trusted cricket betting sites for people living in India.