Esports Betting / IPL Betting Odds
Contains commercial content

IPL Betting Odds: Best Cricket Odds for Today

How to Find The Best Cricket Odds 2024

Last Updated on 21/03/2024
Fact checked by: Alyx Tzamantanis

Odds are everything when it comes to betting on the Indian Premier League or other cricket events. As a seasoned bettor, I’d always take my time to research and review IPL betting odds before wagering on any game.

The primary reason odds are significant is that they determine your potential winnings for each IPL bet. Additionally, I consider betting rates to know the probability of each outcome occurring. You’ll find odds in different formats, including decimal, fractional, and American. Per my experience, various factors affect the rates, and you can study them to identify valuable opportunities.

Read More

Find the best IPL odds at these top bookmakers in 2024

Bet365
Recommended
Favicon
4.7/5
  • Genuinely one of the leading brands globally
  • Countless markets to bet on - all with great odds
  • Claim their fantastic bonus bets offer today
Bet365 Bonus
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Go to Bet365
Bet now
Payment Methods
Find out more on Bet365.
Withdrawal
1 – 10 Days
Apps
License
Virginia (US) Lottery Board
Award
EGR - Operator of the year (2017)
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
Show less
BetMGM
Hot Offer
Favicon
4.7/5
  • Covers major sports
  • Live game stats
  • Simple site navigation
BetMGM Bonus
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
T&Cs apply, 21+
Go to BetMGM
Bet now
Payment Methods
PayNearMe
PayPal
Bank Transfer
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Award
GGA - Digital Operator of the Year (2023)
Show less
FanDuel
Hot Offer
Favicon
4.6/5
  • Offers a $1000 no sweat first bet
  • Amazing joining offer
  • Promo codes for specific bets
FanDuel Bonus
Bet $5 Get $200 in Bonus Bets if your bet wins
T&Cs apply, 21+
Go to FanDuel
Bet now
Payment Methods
Prepaid Card
PayNearMe
PayPal
+
Withdrawal
1 – 10 Days
Apps
License
Virginia (US) Lottery Board
Award
Global Gaming Awards (2022)
Show less
Caesars
4.
Favicon
4.5/5
  • $10 bonus for opening a new account.
  • Offer of a free bet up to $1,000.
  • 10 sports available to bet on including soccer, football, baseball and basketball.
Caesars Bonus
100% up to $1000
T&Cs apply, 21+
Copy
Bet now
Payment Methods
E-Check
PayNearMe
PayPal
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Show More
DraftKings
5.
Favicon
4.5/5
  • 21 sports to choose from.
  • No specific betting limits listed.
  • Ability to bet in-play on most sports.
DraftKings Bonus
Bet $5, Get $150 in Bonus Bets Instantly + All-Customer SGP Insurance
T&Cs apply, 21+
Go to DraftKings
Bet now
Payment Methods
PayPal
VIP Preferred
Play+
+
Withdrawal
1 – 5 Days
Apps
License
Virginia (US) Lottery Board
Award
EGR - Operator of the year (2023)
Show More
BetFanatics
6.
Favicon
4.5/5
  • Site not yet launched
  • High hopes for a big launch offer
  • Welcome offer promises to be good
BetFanatics Bonus
Bet $100, Get $100 in Bonus Bets Every Day for 10 Days!
T&Cs apply, 21+
Go to BetFanatics
Bet now
Apps
License
Virginia (US) Lottery Board
Show More
BetRivers.com
7.
Favicon
4.5/5
  • Great deposit match for new players
  • Free credits for placing your bets
  • Weekly prizes and boosts for betting bankroll
BetRivers.com Bonus
T&Cs apply, 21+
Bet now
Payment Methods
PayNearMe
Bank Transfer
VIP Preferred
+
Withdrawal
0 Days
Apps
License
Virginia (US) Lottery Board
Show More

Why understanding IPL betting rate is crucial

Some bettors refer to odds as the betting ‘rate’, which is acceptable and understandable. Odds can also be translated as rates because the higher the odds, the higher the payout rate if the bet wins. That’s one of the reasons why understanding IPL sportsbook rates is crucial.

For me, I analyze odds to ensure I make only informed decisions when betting on the Indian Premier League. High odds always imply a lower probability of a prediction being successful, while low odds indicate the opposite. So, with a firm understanding of the rates, you can tell which team or player has the upper hand in an IPL match.

The best IPL betting sites I’ve used always have odds for all games in the competition. For the 2024 season, below are the fixtures you’ll find odds for:

DateMatch
March 22Chennai Super Kings vs Royal Challengers Bangalore
March 23Punjab Kings vs Delhi Capitals
March 23Kolkata Knight Riders vs Sunrisers Hyderabad
March 24Rajasthan Royals vs Lucknow SuperGiants
March 24Gujarat Titans vs Mumbai Indians
March 25Royal Challengers Bangalore vs Punjab Kings
March 26Chennai Super Kings vs Gujarat Titans
March 27Sunrisers Hyderabad vs Mumbai Indians
March 28Rajasthan Royals vs Delhi Capitals
March 29Royal Challengers Bangalore vs Kolkata Knight Riders
March 30Lucknow SuperGiants vs Punjab Kings
March 31Gujarat Titans vs Sunrisers Hyderabad
March 31Delhi Capitals vs Chennai Super Kings
April 1Mumbai Indians vs Rajasthan Royals
April 2Royal Challengers Bangalore vs Lucknow SuperGiants
April 3Delhi Capitals vs Kolkata Knight Riders
April 4Gujarat Titans vs Punjab Kings
April 5Sunrisers Hyderabad vs Chennai Super Kings
April 6Rajasthan Royals vs Royal Challengers Bangalore
April 7Mumbai Indians vs Delhi Capitals
April 7Lucknow SuperGiants vs Gujarat Titans

The different IPL cricket betting odds formats

Odds are always presented as numerical values, but formats vary. At top IPL sportsbooks, I always find the option to switch from one display type to another. Usually, the default is decimal, which is the most popular. But it can also be fractional or American, depending on your location.

Each odds format has a different mode of interpretation, and it’s crucial you understand the distinctions before betting. Let’s explain the top three I mentioned, as they’re the most common.

Decimal IPL odds

As I stated previously, decimal odds are the most popular — not just for the IPL but sports betting in general. The odds are presented as decimals, like 2.0, 4.5, 20.3, and so on. Many cricket betting fans prefer this format because it’s straightforward to read. To know your potential winnings, you simply multiply the odds by your bet amount.

I’ll illustrate using odds for the game between Chennai Super Kings and Royal Challengers Bangalore. Below are the odds for the match-winner market:

  • Chennai Super Kings: 1.70
  • Royal Challengers Bangalore: 2.20

Evidently, the Chennai Super Kings are the favorites since they have a relatively lower rate. Betting $100 on the team will result in $170 if your slip wins (100 x 1.70). Meanwhile, if you bet $100 on the Royal Challengers Bangalore, the potential winnings will be $220 (100 x 2.20).

Fractional IPL odds

Also known as British odds, this format displays the IPL betting rate as a fraction. Hence, you’ll come across figures like 12/1, 4/5, 20/3, and the like. Personally, I think fractional odds are much more stylish than decimal odds, and they’re just as easy to interpret. The first number defines the potential win amount, based on placing a bet at the unit stake shown as the second figure.

I checked my sportsbook app for the game between Punjab Kings vs Delhi Capitals. The default was decimal odds, but I switched to fractional — many top IPL betting apps have the feature. Check out the match-winner odds below:

  • Punjab Kings: 19/20
  • Delhi Capitals: 17/20

The above odds mean that your potential winning amount is $19 and $17 respectively if you were to bet $20 on either the Punjab Kings or the Delhi Capitals. Since the Delhi Capitals have the lowest payout rate, they’re the favorites to win.

American IPL odds

The third we’ll discuss is the American format, also known as moneyline. From my experience, American odds are less popular for cricket events than decimal and fractional. The rates are presented with negative and positive signs, like -120 and +120. By default, the stronger team gets the minus, and the weaker team gets the plus.

If positive, the odds indicate how much you’ll profit from a $100 bet. On the other hand, if negative, it means how much you’ll need to bet to win $100. I’ll illustrate with the Kolkata Knight Riders vs Sunrisers Hyderabad IPL game. Here are the moneyline odds I found for the winner market:

  • Kolkata Knight Riders: +100
  • Sunrisers Hyderabad: -120

Which team is predicted to win? If you said Sunrisers Hyderabad, you’re correct. With -120 odds, you’ll need to bet $100 to win $120 if you back the Sunrisers. Meanwhile, a $100 bet on Kolkata Knight Riders will have a $100 potential profit.

Factors that influence today IPL match betting odds

You may be wondering how sportsbooks calculate the IPL betting rates that are displayed for different markets. From my research, there are multiple elements in play, and I’ve outlined the core ones below:

Team form and performance

Myself, I always look at how an IPL team has been playing in previous games when researching bets; how much more sportsbooks? Naturally, a team in impressive form will get lower odds, as they will likely replicate the performance in their next game.

Home advantage

Like in other sports, home advantage influences performances during cricket games. If an IPL team is playing on their field, they have a higher chance of getting a win since they’re on familiar ground. Additionally, they’ll have massive fan support.

Most times, IPL sportsbooks monitor betting patterns and adjust the odds accordingly. I usually noticed that if many bettors pick one team to win, the rate reduces as the event draws near. The way I see it, it’s a precautionary measure so that if the predictions are correct, the sportsbook won’t have many huge payouts to settle.

News and updates

IPL betting sites also calculate odds based on breaking news and updates. Of course, if information comes out that a team’s top batsman or bowler won’t make the match, the side’s winning chances reduce. As a bettor, I also advise looking for such updates when making your picks.

Our standout bookmakers

Bet365
1.
Favicon
4.3/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Virginia (US) Lottery Board
Bet now
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
2.
Favicon
4.7/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
PayNearMe
PayPal
Bank Transfer
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.6/5
Bet $5 Get $200 in Bonus Bets if your bet wins
Prepaid Card
PayNearMe
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
Caesars
4.
Favicon
4.5/5
100% up to $1000
E-Check
PayNearMe
PayPal
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+
DraftKings
5.
Favicon
4.5/5
Bet $5, Get $150 in Bonus Bets Instantly + All-Customer SGP Insurance
PayPal
VIP Preferred
Play+
Virginia (US) Lottery Board
Bet now
T&Cs apply, 21+

How to identify valuable IPL betting odds

If you want worthwhile returns for your Indian Premier League bets, using sportsbooks with valuable odds is non-negotiable. You can check the banners on this page for my recommended IPL betting platforms with top-notch odds. Additionally, check out my three simple tips on how to find quality IPL betting rates:

Compare odds on multiple sites

My first course of action is to visit different IPL sportsbooks and review their odds for the same markets. The site with higher rates is always the best, but that doesn’t mean you should always run with high odds. Some unreliable cricket betting sites feature above-average odds to lure in bettors. So, while you compare and chase after higher rates, ensure the sportsbook is licensed and reputable.

Find value bets

I’ve noticed, on multiple occasions, that some IPL betting odds don’t reflect the actual probability of an outcome happening. For instance, a team with a higher chance of winning may still have high odds. It occurs when sportsbooks follow betting trends, and if you identify such unique opportunities, you’ll get more value.

Some top sportsbooks have promotions that amplify the betting rates of IPL cricket games. Known as enhanced odds, these offers are usually limited to popular events. For emphasis, the last time I claimed such an IPL promo was during the 2023 final. The sportsbook boosted the odds by 2.0, as shown below:

IPL teamsOriginal oddsEnhanced odds
Gujarat Titans1.853.85
Chennai Super Kings1.953.95

I had placed a $200 bet on Chennai Super Kings to win — and they did win. With the original rate, I would have gotten $390, but thanks to the enhanced odds, I received $790 after settlement. It’s worth looking out for such promotions on IPL betting platforms if you want valuable rates.

A look at IPL live betting odds

Once an Indian Premier League game kicks off, sportsbooks usually introduce in-play markets. The IPL betting live odds you’ll find aren’t much different from that of pre-match in terms of formats, probability, and payout rate. But, the variance is that live odds aren’t static. Instead, they fluctuate depending on current happenings on the pitch.

I engage in IPL live betting frequently to take advantage of worthwhile opportunities as the odds rise and fall. You’ll enjoy the experience, too, but it demands more care than pre-match markets. Don’t just follow rising odds, but take your time to understand the dynamics as you follow the cricket game.

Pros and cons of IPL betting odds

Now, let’s discuss the advantages and disadvantages of IPL bet odds. In my opinion, odds for IPL betting are highly instructive in that they tell you if an outcome is probable. The fact that they’re available in multiple formats and for various markets is also impressive, so you can always go with your preference.

Regarding drawbacks, I consider misinterpretation the only significant risk. I’ve encountered new IPL bettors who pick odds without fully comprehending the probability — especially for formats like American and fractional. Nevertheless, it’s easy to mitigate this downside by simply studying and adequately understanding odds before betting.

To put it all together, below are the upsides and downsides of working with IPL sportsbook odds:

IPL Betting Odds
  • Available in multiple formats
  • Provides insights on the probability of a bet winning
  • Supports a wide variety of betting markets
  • Possible risk of misinterpretation

Conclusion – Sign up with top sportsbooks for the best IPL betting odds

At this point, you’re well-versed in how odds work in IPL betting and the different types and contributing factors. What’s next? Well, my ultimate recommendation is to sign up with betting sites with the best odds for IPL fixtures. That’s the only route to ensure you get value for your bets. I’ve made it relatively easy for you. Check the banners on this page for IPL sportsbooks with outstanding odds for optimal returns.

Get off to a great start with these betting bonuses

Bet365
1.
Favicon
4.7/5
First Bet Safety Net up to $1000 OR Bet $5 and Get $150
Requirements (WR): 1x Bonus, Min. Deposit: $10
Go to Bet365
Get bonus now
At bet365 we don't do ordinary, that's why if you sign up now you'll get the choice of two great New Customer Offers, the First Bet Safety Net up to $1000 or Bet $5 and Get $150 in Bonus Bets. Deposit required. Bonus Bets wager excluded from returns. T&Cs, time limits and exclusions apply. Gambling Problem? Call 1-800-Gambler 21+
BetMGM
2.
Favicon
4.7/5
Up To $1500 in Bonus Bets Paid Back if your First Bet Does Not Win
Min. Deposit: $5
Go to BetMGM
Get bonus now
T&Cs apply, 21+
FanDuel
3.
Favicon
4.6/5
Bet $5 Get $200 in Bonus Bets if your bet wins
Requirements (WR): 1x Deposit, Min. Deposit: $10
Go to FanDuel
Get bonus now
T&Cs apply, 21+
Caesars
4.
Favicon
4.5/5
100% up to $1000
Requirements (WR): 1x Deposit
Copy
Get bonus now
T&Cs apply, 21+
DraftKings
5.
Favicon
4.5/5
Bet $5, Get $150 in Bonus Bets Instantly + All-Customer SGP Insurance
Requirements (WR): 1x Bonus, Min. Deposit: $5
Go to DraftKings
Get bonus now
T&Cs apply, 21+

IPL betting rate FAQs

🏏 What is the meaning of odds in IPL?

Odds in IPL mean the probability of an outcome occurring and the potential payout. IPL betting sites feature odds of different formats, including decimal (2.0), fractional (5/1), and American (+100/-100).

👀 How can I identify the best IPL betting rate today?

You can identify the best IPL betting rate by comparing odds on multiple sportsbooks. If you don’t want to visit each site one after the other, there are reliable online odds comparison tools you can use. Generally, betting platforms with higher odds for the same market offer the best rate.

🔎 What is the difference between the IPL betting rate and odds?

The difference between IPL betting rate and odds is that the former implies payout, while the latter refers to probability. However, they go hand-in-hand because the higher the odds, the higher the payout. So, both terms are used interchangeably.

🧐 How do you read IPL odds?

How you read IPL odds varies depending on the format. Generally, however, the higher the odds, the more the payout, but the lower the chances of winning the bet. Decimal odds are the most popular for Indian Premier Betting, and you multiply your stake by the odds to know the payout.

❓ Are high odds good or bad for IPL betting?

High odds indicate a low winning probability but increased payouts. Whether they’re good or bad depends on your betting strategy and the IPL game. However, high odds usually carry heavy risk.

Top Brands
Stake.us
Stake.us
Stake.us Review
4.7/5
McLuck
McLuck
McLuck Review
4.7/5
High5Casino
High5Casino
High5Casino Review
4.6/5
Sweeptastic
Sweeptastic
Sweeptastic Review
4.5/5
Wow Vegas
Wow Vegas
Wow Vegas Review
4.5/5
Top Bonuses
Stake.us
Stake.us Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
T&Cs apply
4.7/5
McLuck
McLuck Bonus
Up to 57.500 Gold Coins + 27.5 Free Sweepstakes Coins
T&Cs apply
4.7/5
High5Casino
High5Casino Bonus
5 Sweeps Coins + 250 Game Coins + 600 Diamonds
T&Cs apply
4.6/5
Sweeptastic
Sweeptastic Bonus
Get 55,000 Lucky Coins and 34 Sweeps Coins with first purchase
T&Cs apply
4.5/5
Wow Vegas
Wow Vegas Bonus
1.75 million WOW Coins + 35 Free Sweepstake Coins
T&Cs apply
4.5/5
Latest News
How many Fortnite skins are there in 2024?
Since it was first released by Epic Games ...
How to calculate your League of Legends account value
Ever wondered how much your LoL account is ...
Fortnite Player count reaches an all-time high in 2024
The total number of registered Fortnite players currently ...
How many skins are in League of Legends as of April 2024?
Ever wondered how many skins are there in ...
Is Fortnite dying in 2024? Discover the truth today
Is Fortnite dying? Since Epic Games released its ...

21+ and present in VA. Gambling Problem? Call 1-800-GAMBLER.

Trading financial products carries a high risk to your capital, especially trading leverage products such as CFDs. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

This site is using Cloudflare and adheres to the Google Safe Browsing Program. We adapted Google's Privacy Guidelines to keep your data safe at all times.

Close
Players accepted in the US US Flag
Stake.us Exclusive Bonus
$55 Stake Cash + 260K Gold Coins + 5% Rakeback
Promo Code
Copy
T&Cs apply, 18+
Payment Methods
Bitcoin
Litecoin
Ethereum
Dogecoin
Highlights
  • Exclusive 5% Rakeback bonus with code: STFSOCIAL
  • Social casino with Stake Originals!
  • Play with Stake Cash for prizes!
Stake Originals
Dice
Crash
Plinko
Mines
×
Your Promo Code:
The bonus offer of was already opened in an additional window. If not, you can open it also by clicking the following link:
Visit Site