Indian Premier League | IPL Cricket Betting

IPL Betting
The Indian Premier League is a fairly new cricket League that was started in 2008 by the Board of Control for Cricket and India (BCCI). It is a championship league for Twenty20 cricket, often called T20. The league began after a disagreement between the Indian Cricket League and the BCCI.

There are other Twenty20 championships that have modeled themselves after the IPL, such as Australia’s Big Bash League, the MiWay T20 Challenge in South Africa and the Bangladesh PL.

It has gained popularity very quickly by offering quality matches that have brought fans within Indian and from abroad. The IPL was valued a little over $3 billion as of the 6th season [1]. The sport and league are so popular that it supports some of the highest salaries for sports players. The only league that has a higher salary is the National Basketball Association in North America. Where the average NBA player salary is $4.4 million, the average IPL player salary is about $4.2 million [2]. This is truly remarkable given how young the IPL is compared to other sporting leagues,  as well as the fact that the IPL only lasts roughly 6 weeks, while the NBA lasts 6 months, not including playoffs.  These are staggering figures which show how popular this league really is.

Looking for the latest 2014 IPL Schedule ? Click here.

Betting on IPL Matches

IPL cricket betting is easily accessible online. There is currently only one quality bookmaker that accepts Indian bettors as well as Indian Rupees. Since the IPL has developed into a worldwide phenomenon with a large international interest, you will find IPL betting at several online bookmakers. However, as Indian punters we prefer Bet365. Not only are they one of only a few sites that accept INR for deposit, they also have the best selection of IPL lines available, and are the MOST TRUSTED of sites accepting Indian bettors.

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Our top pick for IPL betting! Bet365 accepts Rupees directly which is a huge plus. When it comes to betting on cricket, it is hard to top the selection at Bet365, including live IPL betting.

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IPL Betting Options

As mentioned above, Bet365 offers the most IPL betting lines among sites that accept Indian bettors. You will find odds for ALL IPL MATCHUPS. As well as overall statistics for the entire IPL, including the ultimate winner of the tournament. Sample of odds found at Bet365.com:

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Indian Premier League Results and Summary

IPL 7 Updates – 2014 

May 6, 2014 – As the tournament progresses, the differences in outright win odds grow more extreme with a few teams giving themselves nearly impossible odds to win. Before the start of the tournament, the Mumbai Indians were in a three way tie as favorite to win the tournament with decimal odds of (5.5) but they have fallen to odds of (26). A close near 3 way tie remains between the Chennai Super Kings (3.0), Kings XI Punjab (3.5), and Royal Challengers Bangalore (4.0) as current favorites for outright tournament winners. Followed by Rajasthan Royals (7.5), Hyderbad Sunrisers (12.5) and as mentioned before, Mumbai Indians (26). Kolkata and Delhi seem all but out of it with odds of (41) and (61) respectively.

April 20, 2014 – All teams have played at least once giving bookmakers and fans a better idea of how these teams stack up compared to pre-season estimations. The worst defeat so far was game 1 with the Mumbai Indians falling hard to KKR by 41 runs. CSK and Kings XI put on a show with a score of 205-206, the highest scoring game so far, where Kings XI took it down by 6 wickets. With the loss to the Daredevils, KKR has slipped from tournaments odds of 7.00 to 9.00. However, with two losses so far in the series, one coming to the original underdogs, KKR, the Mumbai Indians have fallen to long odds of 17.00.

As it stands, outright win odds are as follows: Royal Challengers Bangalore: 3.75, Kings XI Punjab: 5.00, Chennai Super Kings: 5.50, Sunrisers Hyderbad: 7.00, Kolkata Knight Riders: 9.00, Delhi Daredevils: 9.00, Rajasthan Royals: 10.00, Mumbai Indians: 17.00.

April 16, 2014 – The first match has come to a close and the original tournament underdogs, KKR destroyed the Mumbai Indians in a somewhat shocking defeat. Winning by 41 runs, KKR took down the Mumbai Indians with a score of 163-122. The decisive win has catapulted KKR from the outright win odds of the tournament of 11.00 to 7.00 at major online bookmakers.

April 15, 2014 – IPL7 kicks off tomorrow with the first match between the Mumbai Indians (1.66) and Kolkata Knight Riders (2.20). The Mumbai Indians are looking to be the favorite in that match-up, although nothing is guaranteed.

Several months ago the top cricket betting sites had Chennai Super Kings, Royal Challengers, and Mumbai Indians in a 3 way tie to win the tournament outright. However, it is now a two way tie between CSK and RCB with odds of 5.00 each. The Sunrisers have moved into the second spot with (6.00), and Mumbai Indians slipping to a close third with odds of (7.00) followed by Kings XI (7.50), Delhi DD (9.00), Royals (10.00) and KKR (11.00). In our view, the teams are mostly evenly matched. There have been quite a few changes year to year, including a lot of new players to watch. The Royals and KKR seem to have a tough hill to climb, but they could certainly surprise us.

March 31, 2014 – The first half of the 2014 IPL schedule has been released. The opening ceremony is set for April 15th in Abu Dhabi. The first match will take place on April 16th between Mumbai Indians and the Kolkata Knight Riders.

March 5, 2014 – Ranjib Biswal, IPL chairman, remarked that 60- 70% of matches for IPL7 are to be held in India. South Africa is currently off the list for hosting some of the tournament’s games given that they wanted to host the whole tournament. Some other locations considered for hosting a few games include Bangladesh and United Arab Emirates (UAE).

February 13, 2014: IPL 7 Player auction ended in Bangalore with bowlers being the priority of the day. The top 5 players at auction were Yuvraj Singh for ₹14,00,00,000 (All -Rounder, RCB), Dinesh Karthik for ₹12,50,00,000 (Wicket Keeper, Delhi Daredevils), Kevin Pietersen for ₹9,00,00,000 (Batsman, Delhi Daredevils), Mitchell Johnson for ₹6,50,00,000 (All-Rounder, Kings XI), and Glenn Maxwell for ₹6,00,00,000 (All-Rounder, Kings XI). There were a lot of younger players acquired this year, which will be interesting to see how they develop.

Current odds still favor a 3 way tie at Bet365 with RCB, Super Kings, and Mumbai Indians all sharing odds decimal odds of 5.5 to win the tournament. Followed by Sunrisers (6.5), Kings XI (7.5), Delhi Daredevils (8), Rajasthan Royals, (9), and Kolkata Knight Riders (11).

February 5, 2014: The player auction for IPL7 is scheduled to begin February 12, 2014 in spite of the spot fixing scandal revealed last year. A few of the most sought after players are expected to be former England player Kevin Pietersen, as well as big names in the Ashes tournament from Australia including David Warner, George Bailey and Steven Smith, are all expected to fetch top dollar during auction. Manish Pandey, Unmukt Chand, KL Rahul, Vijay Zol, Parveez Rasool, Pravin Tambe are all new additions to the IPL auction. Expect to find these players to be acquired offering some good value to their teams. It is always exciting to see fresh talent enter the tournament. We have high hopes for these men.

As the season approaches and rosters are finalized, we will offer more information heading into the season. As it stands before the auction, Royal Challengers Bangalore, Chennai Super Kings, and Mumbai Indians are in a near 3 way tie among handicappers to win the IPL. These odds are likely to change as more information of the auction and rosters comes through.


IPL 6 – 2013

The Mumbai Indians won their first IPL tournament in 2013 beating the Chennai Super Kings by 23 runs allowing Sachin Tendulkar to retire from IPL on a high note.  Shane Watson earned his second Man of the Series in IPL 6 with 543 runs and 13 wickets in 16 matches. This season saw the departure of the Pune Warriors who withdrew over a disagreement with IPL organization.

Winner: Mumbai Indians

Man of the Series: Shane Watson (Rajasthan Royals) 16 matches, 13 wickets, 543 runs

Most wickets: Dwayne Bravo (Chennai Super Kings) – 32

Most Runs: Michael Hussey (Chennai Super Kings) – 733


IPL 5 – 2012

The 2012 season of IPL concluded with an exciting match up between the defending champions, Chennai Super Kings, and the Kolkata Knight Riders. Kolkata won the final match by five wickets. The series ran from April 4th to May 27th. The top three teams from IPL 5, Kokata Knight Riders, Chennai Super Kings and Delhi Daredevils, will play in the 2012 T20 cricket tournament (October 10th – 28th), representing India.

Winner:  Kolkata Knight Riders

Man of the Series: Sunil Narine (Kolkata Knight Riders) 15 matches, 24 wickets, Average 13.5, Econ Rate 5.47

Most wickets: Morne Morkel (Delhi Daredevils) – 25

Most Runs: Chris Gayle (Royal Challengers Bangalore) – 733


IPL 4 – 2011

Chennai Super KingsThe fourth season of IPL had 10 teams participate with 74 matches played. The tournament began on April 8th and ran until May 28th for a total of 50 days. IPL4 was won by the IPL3 champions, the Chennai Super Kings, who beat out Royal Challengers Bangalore by a total of 58 runs.

Winner: Chennai Super Kings

Man of the Series: Chris Gayle (Royal Challengers Bangalore) – 12 matches, 608 runs, 8 wickets, Econ Rate 6.77

Most wickets: Lasith Malinga (Mumbai Indians) – 28

Most Runs: Chris Gayle (Royal Challengers Bangalore) – 608


IPL 3: Season 3 – 2010

Chennai Super KingsThe third IPL season hosted 8 teams with 60 matches. It lasted for 34 days, beginning March 12th and ending April 15th. The final game was played between the Chennai Super Kings and the Mumbai Indians. The Kings topped the Indians in the first ever cricket tournament that was shown live via Youtube.

Winner:  Chennai Super Kings

Man of the Series: Sachin Tendulkar (Mumbai Indians) – 15 matches, 618 runs

Most wickets: Pragyan Ojha (Mumbai Indians) – 21

Most Runs: Sachin Tendulkar (Mumbai Indians) – 618


IPL 2: Season 2 – 2009

Deccan ChargersThe 2009 season boasted more than 200 million viewers just in India. There were 59 matches played with 8 teams. The tournament began on April 18th and ended May 24th with a duration of 36 days. The final match was between Deccan Chargers and the Royal Challengers Bangalore. It should be noted that the Deccan Chargers came in last in the 2008 IPL.

Winner: Deccan Chargers

Man of the Series: Adam Gilchirst (Deccan Chargers) – 16 matches, 495 runs, 18 dismissals

Most wickets: RP Singh (Deccan Chargers) – 23

Most Runs: Matthew Hayden (Chennai Super Kings) – 23


IPL 1: Season 1 – 2008

Rajasthan RoyalsThe 2008 tournament was the inaugural IPL tournament that began April 18th and had a duration of 46 days. There were 8 teams, with 59 matches scheduled. 1 match was not played due to rain. It came to an exciting conclusion that was decided on the last ball. The Rajasthan Royals beat out the Chennai Super Kings in the final. Total attendance was about 3.4 million.

Winner: Rajasthan Royals

Man of the Series: Shane Watson (Rajasthan Royals) – 15 matches, 472 runs, 17 wickets

Most wickets: Sohail Tanvir (Rajasthan Royals) – 22

Most runs: Shaun Marsh (Kings XI Punjab) – 616


Twenty20 Format

The Twenty20 format is popular in several cricket tournament formats. Sometimes called T20, it gets its name from the 20 maximum overs for each side during a game.  It usually takes about 2.5 hours to complete each match. This is an average length for most other organized spectator sports. Traditionally, cricket matches are much longer, many times spanning over 2 and 3 days. This can lead to incomplete games due to risking weather interruptions that may lead to a draw. Where overs are limited, a limit of 50 is typical, but games can last over 5 hours in total. The Twenty20 format has the spectator in mind as it helps to ensure a conclusion and definitive result, win or loss in a game. The limited format, particularly to 20 overs, also keeps the matches from dragging out which can be rather boring to some spectators.

         

       

IPL Rules and Policy

The Indian Premier League has some rather strict governing policies that address corruption, doping (performance enhancing steroids), racism, codes of conduct, etc. The integrity of the game is highly important to maintain spectator value for the league as fans want to be assured they will be viewing competitive and exciting matches. The league acknowledges that IPL betting on cricket has increased with technology which allows people to place bets on games from anywhere in the world even during live games. They take a strict stance to insure that corruption is severely punished, but they work very hard prevent it from happening in the first place (although there is no shortage of scandals and accusations of match fixing). In an effort to maintain the integrity of the game according to IPL standards, the league also strictly enforces an anti-doping policy which applies to all players, as well as anyone who may assist with providing performance enhancing substances.

Sources:

[1] Value of IPL

[2] IPL Player salaries