The IPL (Indian Premier League) is the premiere T20 tournament held in India. It is widely considered the best among tournaments that are held of all the cricket competitions around the world, and it certainly is the biggest with regards to attendance and TV viewers. Being head sponsored by Pepsi as of writing this, it is no wonder that it has garnered so much success as businesses are flocking to get their market share in this sought after tournament.
But there is a reason for all these people rallying to the TV sets and stadiums in order to watch these games. They feature the top players from around the world which have gathered in India in order to duke it out in the swift cricket format that is the Twenty20. As it holds so much money and attention, you know the players are bringing their A-game. All of this makes IPL betting quite popular as well.
There are plent of options when it comes to betting on the IPL. Bets are offered on all of the IPL matches at most all of the online bookmakers, so no matter which you choose, you will find the standard offers available.
In addition to the regular bets, you will also find variations of these, as well as different prop bets you can wager on if you like something more exotic or specific. Here are a few examples:
And many more. Check your preferred online bookmaker for a full list of bets they offer on IPL matches.
|Team||Played||Wins||Losses||Points||Net Run Rate|
|Chennai Super Kings||14||9||5||18||0.253|
|Kolkata Knight Riders||14||8||6||16||-0.070|
|Royal Challengers Bangalore||14||6||8||12||0.151|
|Kings XI Punjab||14||6||8||12||-0.502|
Although it holds a great deal of respect and has enjoyed plenty of success lately, the Indian Premier League is still quite young. It was formed back in 2008 by the Board of Control for Cricket in India and has mostly been credited with the reason for T20's rise in popularity over the later years.
As of the IPL 2013, there were 9 teams competing for the elusive title and a chance to compete in the Champions League Twenty20. Given that there are a lot of money sloshing around and plenty of money to win if you get the title, many teams have tried pouring a lot into a team, without much result and thus ending it quickly. After only 6 seasons, three teams have fallen under to the tough competition, but we are likely to see new ones emerge in the future and the competition intenify even more!
The IPL is played using a double round-robin format. This means that each team plays against each other twice, once home and once away. The teams receives points based on winning or losing where the winner receives 2 points and the loser gets 0 points.
After all the games have been played, the top 4 teams are determined according to the amount of points that they have received. The winner plays against the team that came in 4th, and the 2nd place and 3rd place finishers play the second playoff game.
In the event of a tie in the standings, the NRR will determine who has the highest ranking.
After the first playoff games have been played, the highest ranked team that won its playoff game advances directly to the finals, the lowest ranked team that loses is eliminated and the final two teams left standing are playing another game to determine who reaches the final game.
As we talked about earlier in this article, the IPL has had continous growth in its viewer numbers and thus success, which in turn has made businesses all over the world interested in getting a piece of the pie. Up untill 2012, DLF was the main sponsor of the IPL and paid $50 million for being so. Pepsi took over in 2013, and will be the head sponsor for the next five years, paying a little over $60 million for that right.
This is not to mention all the lucrative deals all the individual teams have and the fat salaries you can see the players get. Money is pouring into this tournament, and it does not looks like it is about to stop!
This tournament has had its share of controversies during its short lived life. This included tax scandals, spot fixing allegations, betting, media restrictions, suspensions and several conflicts with other cricket tournaments. If you would like to read more, wikipedia has a page on most of them here.