IPL (Indian Premier League) is the biggest T20 cricket league and one of the biggest sporting leagues in the world. With IPL come a lot of opportunities to take part in online betting. IPL odds for the 2023 season are out for you to place bets on the betting sites.

Gujarat Titans won the IPL 2022 in style after defeating Rajasthan Royals in the finals. Gujarat Titans were at the bottom of the IPL odds table on most betting sites before the season started.

We think the IPL odds will keep on fluctuating this season as well and you must keep an eye on how to get the best odds possible for your bets.

There’s been plenty of online cricket betting happening already as the IPL betting odds for the outright winner of IPL 2023 are already available. Fans of the biggest franchise T20 league in the world put their money on what they think will happen next.

Some of the most popular markets include the outright winner, the IPL top batsman, and the IPL top bowler. You can also bet on teams to make the playoffs and who will win the regular season.

If you want to be profitable in IPL 2023 betting, you should follow our IPL match predictions page where we give tips for each and every match.

IPL Odds: Who are the Favorites to Win IPL 2023?

Team Odds On Parimatch
Gujarat Titans 4.50
Chennai Super Kings 4.90
Rajasthan Royals 5.00
Royal Challengers Bangalore 6.30
Lucknow Super Giants 7.30
Mumbai Indians 12.50
Punjab Kings 17.70
Kolkata Knight Riders 53.20
Sunriser Hyderabad 53.20
Delhi Capitals 84.40

The odds for the IPL 2023 outright winner betting market are available on Parimatch. Gujarat Titans are current favorites to win IPL 2023 having odds of 4.50 on Parimatch.

CSK, GT & RR have been in top form this season. Ajinkya Rahane has been like a revelation for CSK while RR’s Jos Buttler has been RR’s saviour this season.

Rajasthan Royals are the next favorites after GT & CSK to win the IPL trophy according to Parimatch IPL odds. RR have odds of 5.00 and they are followed by RCB who have odds of 6.30 on Parimatch.

According to the current IPL line, Mumbai Indians have odds of 12.50 to win IPL 2023. People who take part in IPL betting keep a close eye on the outright winner market.

Our Betting Tip: CSK (4.90)

When it comes to IPL predictions for the outright winner, we are going with Chennai Super Kings to go on to win IPL 2023 this season.

This is MS Dhoni’s last season and he looks like he is a man with a mission. There’s a genuine balance in their squad and there’s no reason why they can’t go till the last mile. IPL bookies are keeping this particular fact in mind.


IPL Points Table

Position Team Matches Won Lost Points NRR
1 Gujarat Titans 13 9 4 18 0.835
2 Chennai Super Kings 13 7 5 15 0.381
3 Lucknow Super Giants 13 7 5 15 0.304
4 Mumbai Indians 13 7 6 14 -0.128
5 Royal Challengers Bangalore 12 6 6 12 0.166
6 Rajasthan Royals 13 6 7 12 0.14
7 Kolkata Knight Riders 13 6 7 12 -0.256
8 Punjab Kings 12 6 6 12 -0.268
9 Sunrisers Hyderabad 12 4 8 8 -0.575
10 Delhi Capitals 12 4 8 8 -0.685

How To Place Bets On IPL?

You can easily place IPL bets on your favorite cricket betting platform. Just follow the steps given down below:

Step 1: Create an account on a betting platform.

Step 2: Go to the ‘Cricket’ section.

Step 3: Go to IPL and select a match of your own choice and place your bets.

IPL Winner Market

You should be able to place bets on your phone or tablet at Indian betting sites. IPL odds vary for the different markets with some of the popular ones being match-winner, top batsman, top bowler, most sixes, most runouts, and to win the toss.

It is anticipated that most of the money from the bookies and fans will be backing Chennai Super Kings and Mumbai Indians for the IPL 2023 season. These two teams are the most successful franchisee in the history of IPL.

On the other hand, the Punjab Kings and the Delhi Capitals are likely to be two of the biggest rivals. It will be quite interesting to see whether Lucknow Super Giants & Ahmedabad Titans will be able to justify their odds in the IPL satta bazar.

How do IPL odds work in Cricket Betting?

If you’re going to learn how the IPL line works, you’ll first need to understand what IPL odds are and how they work.

American Odds Fractional Odds Decimal Odds Implied Probability
+150  3/2  2.50  40.00%
+140  7/5  2.40  41.67%
+130  13/10  2.30  43.48%
+120  6/5  2.20  45.45%
+110  11/10  2.10  47.62%
+100  1/1  2.00  50.00%
-110  10/11  1.91  52.38%
-120  5/6  1.83  54.55%
-130  10/13  1.77  56.52%
-140  5/7  1.71  58.33%
-150  2/3  1.67  60.00%

Odds are a metric for determining the probability of a certain result. You can find websites that translate percentages into odds to make it easier for you if you’re having trouble with how odds function and tend to think about things in form of percentages.

One of the most crucial things to keep in mind is that an odds-on probability is often less than 2.00, such as 1.83, 1.72, or 1.55. The lower the odds, the more likely it is that it will occur.


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