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If you’ve ever wondered how it’s possible to make money betting on IPL matches, you’re in luck.
You’ve come to the right place because, on this page, you can learn about the different odds formats and what the odds are telling you, about the different cricket bet types you are likely to come across, and so much more.
You can also learn about how to claim free money and free sports bets simply by signing up to India’s best sports betting site – the official 10CRIC10.com website
How can I make money from IPL betting?
One of the easiest ways to make money from IPL betting is to avoid placing silly bets with long/outside odds that are least likely to return you a profit. Only place sensible bets with realistic odds that are more likely to return you a profit.
That’s much easier said than done, but it’s easily learned. For example, you may want to start by getting to grips with the different odds formats.
The three main odds formats are the standard UK fractional odds format, the standard European decimal odds format (also used in most other regions of the world), and the standard American/moneyline odds format.
When you sign up to a sports betting site, you can often choose which odds format you would prefer to see when placing bets. Remember to choose a format that’s easiest for you to understand.
Let’s just say that you are about to place a bet on the Mumbai Indians to beat the Delhi Capitals outright and that this bet comes with 1/5 odds. 1/5 fractional odds is the same as saying 1.20 in decimal odds and -500 in American/moneyline odds.
If you were to place a ₹1,000 bet (which is roughly equivalent to $/€/£10.00) with 1/5 odds (1.20 or -500, depending on which odds format you prefer), on the Mumbai Indians to beat the Delhi Capitals and the Mumbai Indians win the match, your total returns would be ₹1,200 ($/€/£12.00).
This would include your initial ₹1,000 stake returned and your ₹200 profit. These odds also mean that the Mumbai Indians have a whopping 83.30% implied probability rate of winning the match outright, which is fairly sensible and is most likely to occur.
However, you would need to put a huge wager on to win big money with this kind of bet, which is still not guaranteed. You should only put huge bets on like this if you can afford to lose.
If you type into your preferred web browser’s search engine the search term – ‘Best IPL betting website in India’ – one of the most trusted sites you will find results for is the official 10CRIC sports betting site.
It has some of the iGaming industry’s most competitive cricket betting odds for many of the world’s major T20 cricket matches/leagues.
If you were to place a bet on the Delhi Capitals to beat the Mumbai Indians, and this particular market has 20/1 odds (21.00 or +2,000), it’s much less likely to occur. In other words, if you place the same ₹1,000 bet on the Delhi Capitals to win with these odds, and they do end up winning the match, your payout would be much bigger.
For example, you would receive your initial ₹1,000 stake returned, plus a ₹10,000 profit! Although this seems tempting, don’t forget that 20/1 odds (21.00 or +2,000) means there’s only a 4.80% implied probability rate. In other words, this would be a silly bet and pretty much a waste of money.
What other useful tips and tricks are there for making money betting on the IPL?
Some of the most important things to remember when betting on any upcoming IPL matches are the following:
- Always carry out your own research into the two teams before placing bets. Find out the latest team news, which players are in form or injured, etc.
- Check out the previous results between the two teams in the last five or six fixtures
- See what the weather is like for that day (some teams/individuals play better in certain types of weather)
- Place strategic/sensible bets
- Gamble responsibly, and never chase your losses
- Don’t just place cricket bets for the sheer sake of it
- Learn the different bet types/markets, and, as mentioned above, learn what the odds are trying to tell you
Can I get free money for betting on the IPL?
In fact, yes, you can. If you want to place a bet on any upcoming Indian Premier League cricket matches, and you live in India, you can get up to ₹30,000 – no strings attached, when you sign up to the official 10CRIC10.com sports betting site.
All you have to do is register your free account, and then when you deposit for the first time using any of the accepted Indian online payment methods, you can instantly claim a 150% matching deposit bonus worth up to ₹30,000. It’s that simple.
To make sure you don’t miss out on anything, enter the unique bonus code ‘IPL2023’ into the required field when making your deposit. That’s not all. Your new 10CRIC Sports betting account will also receive five more days of bonuses after you have claimed your first deposit bonus.
On day 1, your newly opened 10CRIC Sports account will be credited with a FREE ₹100 IPL bet when you log in, which must be used on markets with at least 4/5 odds (1.80 or -125).
On day 2, log in for 25 Free Spins to try out the famous Idol of Fortune online slot machine from a company called Play’n GO. Login on day 3 for a further ₹150 free IPL bet (1.80 or higher odds).
Log in on day 4 to get another 25 Idol of Fortune Free Spins, and then if you log in on day 5, you can complete the generous 10CRIC10.com Sports new player welcome by claiming another ₹250 free IPL bet.
Final note
To register a real money account at 10CRIC, you must be at least 18 years of age. The most important thing to remember is that you can make money betting on the IPL, but NO bets are ever guaranteed, even when it seems as though the odds are tremendously in favour of your chosen team to win. In other words, it’s very unlikely that a bet with 1/4 (1.25 or -450) will lose, but anything is possible in the world of sports, so don’t bet your entire life savings just in case. The key is to gamble responsibly.
