Where to Find Best IPL Betting Odds
Looking forward to wagering on the Indian Premier League, but you don’t know which site offers the best odds for this Cricket tournament? You are in the right place.
We, Bettingsites24 India will reveal some of the best IPL betting sites in India and beyond. There are plenty of IPL platforms out there, but not all are trustworthy. All sites featured in this article are licensed and capable of providing you with decent odds for the IPL.
Understanding the Importance of Betting Odds
Betting odds are essential when it comes to sports betting. They determine the amount of profit you can make from your bets. Some bookmakers offer higher odds than others do, which is the main reason for the high competition. Players will always check out which operator has the highest odds before placing their bets.
The odds difference may be of little concern to you, but it is has a significant effect on your profits. Before presenting the IPL betting sites in India with the best odds, we want you to understand what these betting odds are and how to read and interpret them.
What are Betting Odds?
Betting odds are numbers used by gambling sites to show the probability or likelihood of an outcome occurring. Odds indicate the amount of money you should expect from a winning bet. As a bettor, it is, therefore, crucial to understand how to read and interpret them. Generally, betting odds are classified into two, short and long odds.
The short odds represent the events that are likely to occur, while long odds are associated with events that are less likely to happen. For instance, take a tournament between Punjab Kings and Delhi Capitals. Delhi Capitals are more likely to win the match and given short odds of 1.8, while Punjab Kings are the underdogs given long odds of 4.8.
One of the reasons you need to be keen on odds is because sportsbooks have different offers for the same event. It is a great way of maximizing your profits.
There are several odds formats, including Decimal, Fractional, American, Indonesian Hong Kong, and Malay. However, Decimal and Fractional formats are the most popular in India. You will have a chance to switch to your preferred format on our best IPL betting sites.
Interpreting decimal odds is straight to interpret. To calculate your winnings, you multiply the odds by your stake. For example, if the bookmaker offers 5.0 odds on an event and you place a INR1000 bet, the possible winnings will be INR5000. Given 5.0 and 5.5 odds, it is easy to tell that 5.5 will give you higher innings than 5.0. In decimal odds, the expected winner carries a smaller number than the underdog.
Fractional odds are also known as the UK format. They are may be a bit complex compared to the decimal odds, especially to beginners. Here is how to interpret them. Given the odds of 1/3 in a certain event, you get INR3 for every INR1 you bet. If an operator offers 10/2 odds for an event, it means you earn INR10 for every INR2 you wager.
Sometimes you will find a smaller first number like 2/10. It means you earn less than your stake. If we interpret the odd, you will get INR2 for every INR you bet. The simplest way to calculate your potential winnings is by multiplying the fractional odd by your stake and adding the total to your stake.
Where to Find Best IPL Betting Odds
With a large number of IPL betting sites in India, finding the best ones can be challenging if you choose to do it on your own. We have made your work easier by revealing the most reliable bookmakers with decent IPL odds.
Betway: A Suitable IPL betting Site for Beginners with High IPL Odds
Betway is a famous bookmaker in India with more than a decade in the industry. The bookmaker offers up to INR8000 sign-up offers to its new customers while existing customers receive enticing promotions to keep them holed. Indian players are allowed to transact with Rupees over a decent range of safe and convenient banking methods.
The betting site is well designed and user-friendly to accommodate all types of players. In terms of odds, Betway does not disappoint. The operator has competitive odds across all sports, including Cricket. Indian players are sure to make good winnings when betting here.
Bet365: The Largest Bookmakers in India with Best IPL Odds
Bet365 is the world’s biggest betting site with the highest number of players. The bookmaker scores are high in many aspects, including quality of the website, security, bonuses, odds, and more. Players also enjoy exciting features like live betting and live streaming.
When it comes to IPL, Bet365 offers the largest market with numerous betting options. The Cricket odds are attractive, giving players a chance to maximize their profits. Bet365 is simply the place to be. Join the platform today to enjoy these and more incredible features.
Below are more IPL betting sites in India with decent odds offers are bonuses.
- Pure Win accepts INR
- Curacao license
- More than 40 sports
- Accepting Indian Rupees
- Excellent bonuses available
- Free live streaming
- Many free bets
- Amazing list of sport events
- Good mobile website
- Top Bookmaker in India
- 24-hour customer service
- Daily Betting Promotions
- Oldest Indian bookmakers
- Great sports markets and odds
- Excellent live betting platform