Cricket is both a national treasure and a profitable hobby for bettors from India. Its most popular tournament, the Indian Premier League, combines all the exciting matches and the best selection of bets. These days, betting on the IPL is available at most local and world-famous bookmakers.
What Is the IPL?
IPL is a professional cricket league held among Indian teams. Its main features are:
- Format. The league features matches in the Twenty20 format. Each team plays a maximum of 20 overs or 120 innings;
- Teams. There are usually 8 teams participating in the tournament. They represent different cities and regions of India;
- Players. The IPL remains one of the most competitive in the market. It attracts the best international and local cricketers including Virat Kohli, Rohit Sharma, David Warner, and others.
Betting on the IPL is suitable for those who are ready to analyze and take risks since the league is dynamic and unpredictable. Despite this, it offers a huge number of events, a wide betting line with both standard and prop bets, and highly competitive odds from a variety of bookmakers.
Key Terms of Betting on Cricket
Before starting to place bets on cricket, users need to know several terms:
- Run. A point earned by a batsman;
- Over. A series of six innings made by one bowler;
- Innings. A part of the match in which one team bats until it knocks out all its batsmen or runs out of the allotted number of overs;
- Out. A moment when a batsman is eliminated from the game;
- Moneyline. A bet on the winner of the match;
- Props. Bets on specific events within a match. They aren’t directly related to the outcome, for example, a bet on who will score the most runs, etc.;
- T20. This is the shortest format of cricket, where each team plays only 20 overs.
Knowing the basic terminology gives you a competitive advantage. You can effectively analyze statistics, correctly interpret the odds, and therefore make more accurate bets.
Odds
There are three types of odds for cricket matches possible:
- Decimal. The total payout you’ll receive if your bet wins. If you bet 100 INR on the event with odds of 2.5, your payout will be 250 INR;
- Fractional. Your net profit relative to the bet placed. The numerator is how much you can earn if you bet the amount indicated in the denominator. If you bet 100 INR with a coefficient of 5/1, you’ll get 500 INR of profit plus a full refund of your initial bet of 100 INR. The total amount earned is 600 INR;
- American. These odds can be positive and negative. Positive odds show how much you’ll win with a bet of 100 units (rupees, in this case). Negative ones, in turn, indicate how much you need to bet to win 100 units.
Decimal odds are the most common in IPL betting. They’re easy to use even for newbies and allow you to immediately see what total payout you’ll receive if your bet is successful. Fractional and American odds are much less popular, although some international sportsbooks offer them.
Betting Markets
Each cricket match has 50+ markets or even more, depending on the bookmaker. The main betting options include:
- Match Winner. Simple bet on which team will win;
- Total Runs. Whether the total number of runs will be more (Over) or less (Under) than a certain number;
- Top Batsman. Bet on the player who scores the most runs in the team or during the match;
- Top Bowler. Bet on the player who takes the most wickets;
- Player Runs. Whether a particular player scores more or less than a certain number of runs;
- Handicap/Run Line. Whether the team will win given the virtual advantage or the gap in runs.
For more excitement, there are dozens of prop bets to choose from. You can bet on specific events (How the first wicket will fall, etc.), player statistics (How many runs a specific batsman will score, etc.), or other interesting points of the match such as injuries, wides or no-balls, change of weather, and more.
Conclusion
As IPL is the most popular cricket tournament in India, it provides diverse betting options, high market liquidity, and affordable bet limits to suit every budget and betting style. This ensures that users can easily place and close bets, as well as find profitable odds for both pre-match and live events. For a seamless and exciting betting experience, users can explore the ekbet app, which offers a user-friendly interface and a wide range of betting markets.