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The Indian Premier League (IPL) is a professional T20 cricket league in India where IPL cricket betting odds are really high. Two new teams played in IPL 2022 – Lucknow Super Giants & Gujarat Titans. It’s great news for people who take a part in IPL betting because teams played 74 matches against 60. This year, the 2023 IPL season, which will be the 16th in the history of the tournament, will also feature 10 teams playing 70 matches and it’s a good chance to learn about odds on IPL in this article. Last year GT team won the IPL 2022 but the team was only the eighth favorites according to the IPL odds on most betting sites. IPL finals have unknown outcomes and Indian Premier League odds are not the indicator of the future winner.

If you want to have some profit during the IPL 2023 betting in India you should take into account IPL betting markets. Some of the most popular IPL betting markets include outright winner, the IPL top batsman, the IPL top bowler.

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The Table of Content

IPL Cup Winner Odds: Who Will Win The IPL 2023

Gujarat Titans, Mumbai Indians and Delhi Capitals are current favorites with odds of 6.50, 7.00 and 7.00 to win IPL 2023 Trophy, respectively. After the victory of the new IPL GT team, which was unexpected for all fans, and the successful IPL 2023 Mini Auction, GT has every chance of winning and is the favorite of IPL the 16th season. Mumbai Indians team (MI) finished last in IPL 2022 and they will try to bounce back because they still remain the most successful team in IPL and always have high IPL betting odds to win the season.

Delhi Capitals (DC) have the IPL cup winner odds 6.50 due to Rishabh Pant who performed well as Delhi Capitals skipper in the absence of Shreyas Iyer. The next team in the list is Rajasthan Royals. The odds for them to win this year have increased to 7.50 due to the fact that last season IPL team RR finished 2nd in the tournament, losing 7 wickets to the winning team. Royal Challengers Bangalore players (RCB) have been given odds of 8.00 on IPL betting sites to win the trophy. The next team is Punjab Kings (PBKS) who strengthened in the IPL mega auction and look really great, and has odds of 8.50. All information about Punjab Kings including the owner of PBKS you can find on our website. Another new team of the tournament, the Lucknow Super Giants, which finished 4th last season, is valued at 9.00 odds to win IPL 2023.

The four-time winners of the IPL have a 9.50 odds chance of winning due to a poor last season, they were only able to finish in 9th place. Chennai Super Kings, Kolkata Knight Riders and Sunrisers Hyderabad have the lowest chances of winning, 9.50, 10.00 and 13.00 respectively, as they finished bottom of the table in the previous IPL season.

Table of betting odds 2023

TeamOdds
Gujarat Titans6.50
Mumbai Indians7.00
Delhi Capitals7.00
Rajasthan Royals7.50
Royal Challengers Bangalore8.00
Punjab Kings8.50
Lucknow Super Giants9.00
Chennai Super Kings9.50
Kolkata Knight Riders10.00
Sunrisers Hyderabad13.00

How Do IPL Odds Work In Cricket Betting

If you want to learn IPL online betting, you’ll first need to understand what IPL odds are and how they work. Odds are the metric for determining the probability of a certain result and sometimes measuring is shown in the different formats. You need to know only one thing is that an odds-on probability is often less than 2.00. The lower the IPL betting odds, the more likely it will be the truth.

Table Type of Odds

American OddsFractional OddsDecimal OddsImplied Probability
1503/22.5040.00%
1407/52.4041.67%
13013/102.3043.48%
1206/52.2045.45%
11011/102.1047.62%
1001/12.0050.00%
-11010/111.9152.38%
-1205/61.8354.55%
-13010/131.7756.52%
-1405/71.7158.33%
-1502/31.6760.00%

Fractional Odds

The system of Fractional Odds is very popular in the UK. But IPL betting odds transfers into units, for 7/4 odds, it would take a bet of 4 units to win a profit of 7 units for a total payout of 11 units
Example: If you were to bet Rs. 400 on a team to win at 7/4 odds. You would receive a 700 profit plus your initial bet of 400 for a total payout of Rs. 1100.
The formula for Fractional Odds is: fractional odds x bet = profit => profit + initial bet = total payout.

Decimal Odds

This is the standard view for Indian Premier League Odds and most popular in Europe.
Example: If you team win with the betting odds in 2.50 you Bet Rs. 1000 you would receive (2.5 x 1000) Rs. 2500 as a total payout, your profit would be Rs. 1500.
The formula for Decimal Odds is: decimal odds x bet = total payout

American Odds

You will find the format in the US and it uses a (+) and (-) system of notation. (+) shows how much a bettor will profit per 100 units bet, (-) indicates how much one needs to bet to win 100 units.
Example: if you bet +175 for Rs. 100, you will profit Rs. 175, plus your initial bet of Rs. 100 for a total payout of Rs. 275. If the odds were -175, you would need to bet Rs. 175 to profit Rs. 100 for a total payout of Rs. 275.

How To Place Bet On IPL Matches And Win The Best Indian Premier League Odds

Today you can easily bet from any platform, because even the mobile version of our casino is well optimized and not inferior to the desktop version.
How to bet on cricket online?

  • Go to 24betting.com
  • Click on Join.
  • Fill the form to register yourself on 24betting.com.
  • Once registration is complete, proceed to deposit a sum of money into your 24betting account (Minimum, acceptable amount is 100 INR).
  • After depositing money, click “Inplay” and then “Cricket.” Then proceed to click the desired series of which you want to watch a match.
  • Click on the odds you want to bet for and deposit the amount of money you wish to bet.

Frequently Asked Questions About IPL Match Odds Live

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    When Is The IPL 2023 Start Date?

    IPL 2023 will start on March 20, 2023 with the final match to be played on May 28, 2023. This year teams will play 74 matches against 60 like in the last IPL 2022.

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    How Are IPL Odds Calculated?

    IPL betting Odds are calculated through meticulous attention to detail. For example, numerous ambits are considered to calculate the odds of an outright winner of a tournament. Here are some of the factors that are contributing factors to the calculation of IPL odds:

    Previous History
    Current Standing
    Status Of Roster
    Injuries / Accidents
    Dropouts
    Relative Strength To Other Teams

    Once these odds are formulated, they are converted from percentages to decimals, where the lower the number, the higher the chance of that particular odd.

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    How To Make The Right IPL Bet Prediction With High Odds

    To make the right IPL betting prediction, you need to have perfect knowledge about the best players and matches. On top of that, you should also understand how to bet on IPL, learn about Indian Premier League betting odds and many other important things.