IPL 2024 Odds: Indian Premier League Cricket Betting Odds

The Indian Premier League is a major event in both cricket and India, attracting millions of viewers each year. The IPL is an annual cricket tournament in which ten cricket teams compete for the championship title.

IPL 2024 will be the tournament’s 16th edition, with a total of 74 matches to be played, with the first match beginning as early as March 31.

Many bettors have already begun to prepare for this event, selecting bookmakers to bet with, researching team line-ups, and reading expert predictions.

In this article, we have already prepared answers to the most frequently asked questions, compiled a list of the best betting sites, and told you about the most important IPL odds you need to know.

Figure out what odds betting companirs offer for the IPL 2023.

Who will win IPL 2024?

The first match of IPL 16th edition begins very soon, on March 31, so the hot topic of discussion is which team will win the tournament. Many experts have already begun to make predictions, and the majority of them point to three out of ten teams as having the best chance of winning.
Gujarat Titans, who won their 15th season of IPL 2022, tops the list for the winner of IPL 2023. Gujarat Titans not only won brilliantly and took the first place, but also showed a strong line up. This year, they have added some strong players, making them an even stronger contender for other teams. Gujarat Titans are now the presumptive champions of the 2023 tournament, having surpassed all other teams in the cricket odds table.

The second contender to win IPL 2023 is the five-time winners of previous seasons, the Mumbai Indians. Despite their poor performance in the 2022 championship, the Mumbai Indians were able to acquire some very promising players in the 2023 IPL auction. 

The Delhi Capitals could be another likely winner. They have the same 7.00 odds as the Mumbai Indians to win the IPL 2023.

It is also worth highlighting the Rajasthan Royals team, who showed a great game in 2022 and took second place. Rajasthan Royals have odds of 7.50 to win the IPL 2023.

Get to know what teams are likely to win the IPL 2023.

IPL Betting App

It’s no secret that speed and responsiveness are important in betting. Betting odds change every second, directly affecting the amount you win, so in order to bet on the go, use mobile apps that will be your indispensable helpers on your way to win! 

Below is a list of the best mobile cricket apps for betting on IPL 2023.

Rank
Name
Rating
Benefits
Bonus
1
Parimatch
★★★★★ 5
  • The best site for online betting;
  • Best withdrawal speed;
  • Excellent hindi, Rs environment for betting;
  • Incredible data security.

+150% Up to Rs 20,000

Visit
2
Melbet
★★★★★ 4.9
  • Very nice functionality for live betting;
  • High odds;
  • Huge choice of payment methods;
  • Wide variety of other sports for betting.

+100% Up to Rs 8,000

Visit
3
Betway
★★★★★ 4.8
  • Very friendly for beginners;
  • Great withdrawal speed;
  • Special loyalty program of Betway Plus and regular promotions;
  • Huge selection of markets and soft odds.

+100% Up to Rs 2,500

Visit
4
4rabet
★★★★★ 4.6
  • Focus on indian players;
  • Betting tracking system;
  • Excellent selection of cricket odds;
  • Good environment for live betting.

+200% up to Rs 20,000

Visit
5
1Win
★★★★★ 4.7
  • Instant withdrawal;
  • Many offers and bonuses in the website;
  • Focus on high odds for betting;
  • Exclusive promo code.

+500% Up to Rs 80,400

Visit

Best Cricket Betting sites for IPL 2024

In addition to mobile apps, you can bet from bookmakers’ websites. Below you will find a list of the best online cricket betting sites where you can not only bet quickly and easily on IPL.

Rank
Name
Rating
Benefits
Bonus
1
Parimatch
★★★★★ 5
  • The best site for online betting;
  • Best withdrawal speed;
  • Excellent hindi, Rs environment for betting;
  • Incredible data security.

+150% Up to Rs 20,000

Visit
2
Melbet
★★★★★ 4.9
  • Very nice functionality for live betting;
  • High odds;
  • Huge choice of payment methods;
  • Wide variety of other sports for betting.

+100% Up to Rs 8,000

Visit
3
Betway
★★★★★ 4.8
  • Very friendly for beginners;
  • Great withdrawal speed;
  • Special loyalty program of Betway Plus and regular promotions;
  • Huge selection of markets and soft odds.

+100% Up to Rs 2,500

Visit
4
4rabet
★★★★★ 4.6
  • Focus on indian players;
  • Betting tracking system;
  • Excellent selection of cricket odds;
  • Good environment for live betting.

+200% up to Rs 20,000

Visit
5
1Win
★★★★★ 4.7
  • Instant withdrawal;
  • Many offers and bonuses in the website;
  • Focus on high odds for betting;
  • Exclusive promo code.

+500% Up to Rs 80,400

Visit
6
1xBet
★★★★★ 4.3
  • Some of the most competitive odds;
  • Good selection of payment methods and currencies;
  • Good promotions and bonuses for sports.

+120% Up to INR 42,900

Visit
7
MostBet
★★★★★ 4.2
  • Good range of bonuses;
  • Many payment methods;
  • Good environment and offers for live betting.

+125% Up to Rs 34,000

Visit
8
Dafabet
★★★★★ 4.5
  • Great conditions for the welcome bonus;
  • Asian-focused giant;
  • Huge sportsbook including cricket.

+160% Up to Rs 16,000

Visit
9
Bet365
★★★★★ 3.8
  • Amazing cricket bets and odds;
  • Pleasant environment and opportunities for live betting;
  • Brilliantly designed and reputation of the site.

+100% Up to Rs 4,000

Visit
10
10cric
★★★★★ 4.1
  • Great range of pre-match and in-play markets;
  • Simple and user-friendly design;
  • Excellent range of currencies, incl. IMPS.

+150% Up to Rs 32,000

Visit

IPL 2024 Group Stage Prediction

Regarding the group predictions, we have briefly described them below, for each of the teams.

Gujarat Titans: The team won the 2022 tournament, and strengthened its roster in the 2023 auction, so it has a high chance of winning this season. 

Mumbai Indians: another potential winner of the 16th season of the IPL, whose victory would be their 6th tournament title. 

Delhi Capitals: the team has performed well in the last 4 tournaments, repeatedly came close to winning and finished 3rd in 2021.

Rajasthan Royals: The team finished 2nd in 2022 and intend to fight hard for the top spot in the 2023 tournament.

Royal Challengers Bangalore: The team has a strong roster, so some experts do not rule out that the team will definitely make the playoffs in 2023.

Punjab Kings: In the last 8 seasons the team has finished outside the top 4, and the last 4 tournaments have been consistently ranked 6th. This year, the team acquired strong all-rounder Sam Curran for an IPL auction record amount of 18.5Cr. Perhaps things will change for Punjab Kings this year.

Lucknow Super Giants: The team was in the top 4 in 2022 and ranked 4th. Many strong players were acquired in 2023, including wicket-keeper Nicholas Pooran of 16Cr.

Chennai Super Kings: The team has been champion 4 times, most recently in 2021. They finished 9th in 2022, which was a big blow to them. In 2023, the team will try to rebound, and it will also be the last match for team captain MS Dhoni, so he will do everything in his power to win.

Kolkata Knight Riders: The team has been IPL champions twice, in 2021 they finished 2nd, but in 2022 they finished only 7th.

Sunrisers Hyderabad: The team has been ranked 8th in the last two IPL seasons, which has had a strong impact on the team. The team is going through a difficult period, but it has not lost its determination and renewed its roster in 2023 by acquiring new players.

Gujarat Titans, Mumbai Indians, Delhi Capitals can win the group stage of the IPL 2023.

IPL 2024 Playoff Prediction

While the tournament has not yet begun and the first match has not been played, bookmakers and experts have already begun to put odds and allocate among the teams favorites to win, underdogs, and outsiders.

IPL 2024 Favorite Team

Many bookmakers and experts are predicting a win for Gujarat Titans, who are the winners of the 15th season of the tournament. The team has strengthened the squad by adding strong hitters to the squad.  Bookmakers Parimatch and 1XBET offer odds of 6.50 for a Gujarat Titans win. 

Bookmakers 22Bet and Fairplay are offering odds of 7.00 on the win of Mumbai Indians, the five-time IPL champion, and Delhi Capitals.

Rajasthan Royals go with odds of 7.50. The team finished second in the 2022 game and will compete for the top spot in 2023.

Gujarat Titans is the favorite team of many bookmakers this year.

IPL 2024 Underdog

The Royal Challengers Bangalore team that finished 3rd in the IPL 2022 tournament is worth a look. Parimatch and 1XBET are offering odds of 8.00 on the win of this team thus it’s ipl odds winner. Royal Challengers Bangalore acquired 7 new players including batter for 3.20Cr and bowler for 1.90Cr.

The Punjab Kings team has been in 6th place for the last 4 tournaments, nevertheless this year the team has acquired many new players, thus renewing the roster. Bookmakers offer odds of 8.50 on their win. 

The Lucknow Super Giants are ranked #4 in 2022. The team acquired 10 new players in the 2023 auction. The odds for this team to win are 9.00.

Bookmakers consider Royal Challengers Bangalore, Punjab Kings and Lucknow Super Giants as underdogs of the IPL 2023.

IPL 2024 Outsider

Even though the Chennai Super Kings team has won the IPL championship four times, the last one being in 2021, bookmakers are only offering odds of 9.50. 

At odds of 10,00, the Kolkata Knight Riders are priced to win. They are ranked 7th in 2022 and 2nd in 2021. The teams have won the IPL championship twice, most recently in 2014. 

The odds on Sunrisers Hyderabad to win is just 13.00. The team has been in 8th place for the last two tournaments, showing not their best result.

These teams are current outsiders of IPL 2023.

How Do IPL 2024 Odds Work In Cricket Betting?

It is critical to understand how odds work and how to calculate them when betting on cricket guide or any sport works.

You can use match odds to determine which team is more likely to win and place a bet based on your calculations. Bookmakers set the odds for cricket matches, which show the likelihood of a particular team winning.

The following example demonstrates how to compute odds.

Assume a bookmaker’s office has set the odds for a specific team to win a match at 6.50. Use the following formula to calculate the probability:

Probability = (1 / odds) * 100%.

So, (1/6.50)*100%=15.38% that this team will win.

You can choose which team to support by understanding the odds of that team winning.

Following that, we suggest taking a closer look at the three most common and widely used types of bets.

You should know how to calculate odds to know exactly what winning to expact.

Fractional Odds

The fractional odds system is otherwise known as the British system. The odds are presented as a fraction and show how much you need to bet to get a certain profit. For example, at odds 8/5 you would need to bet 5 units to make a profit of 8 units for a total payout of 13 units. So if you bet 500INR, your profit would be 800INR and your total payout would be 1,300INR. 

For fractional odds, you can use the following formula : 

Profit = bet x fractional odds.

Total payout = profit + bet.

The British system is shown as a fraction.

Decimal Odds

This is the standard view for Indian Premier League odds, otherwise known as European odds.

To calculate the total payout with this kind of odds you need to use the following formula:

Total payout = bet x decimal odds.

As an example, let’s take the odds of 3.50 and a bet of 1000 INR. In that case, your total payout = 3,50 * 1,000INR = 3,500INR. The payout is 2,500 INR.

Decimal odds are common for IPL betting.

American Odds

This odds is commonly used in the United States and is denoted by (+) and (-).

The odds with a (+) value show how much the bettor will profit per 100 betting units, while the odds with a (-) value show how much you have to bet to win 100 units.

For example, if you bet 100INR at odds +200, your profit is 200INR, and your total payout = bet + profit is 300INR.

At odds of -200, you must wager 200INR to profit 100INR and receive a total payout of 300INR.

American odds are spread more among the american bettors.

IPL Betting Odds 2024 – Frequently Asked Questions

What are the Best Cricket Betting Sites for IPL 2024?

When choosing where to bet on the IPL, consider key factors such as bonuses, high odds, the site’s reputation, the availability of live betting, the ease of withdrawals, and other parameters that will help you multiply your winnings.
Among top bookmakers are Parimatch, Dafabet, 1XBET.

Which is the Strongest Team in IPL 2024?

It is difficult to name just one team, as the potential of each is judged by numerous factors, such as previous tournament wins, team composition, and more. Many experts are betting on Gujarat Titans as winners of IPL 2024.

Will I get any Bonus During my IPL Betting?

Most bookmakers provide a variety of bonuses that can be used when betting on cricket. To redeem the bonus, go to the “promotions” or “special offers and bonuses” section of your preferred bookmaker’s website.

Can I do IPL Betting on my Mobile too?

Yes, there are numerous mobile apps you can use to bet on the IPL. You can easily download the app directly from the official website of the bookmaker through whom you are going to bet.

Which Betting Options are Available in IPL Betting?

There are many types of bets you can choose from when betting on the IPL. Some of the most popular and well-known include top bowler/top batsman, first ball/first over, winner of the toss, total of the runs and many more.

How to Choose the Best IPL Betting Odds?

When selecting odds, keep in mind that the higher the odds, the higher your potential profit. As ratios are constantly changing, it is critical to keep track of their value and select the ones that are most beneficial to you.

How do odds work in bets?

The odds affect the amount of your betting profit. The higher the odds, the more profit you can make, and the total payout will be equal to the sum of your bet and profit.

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