When looking for the odds on a particular IPL team to win the championship, one is actually looking for the odds on that team ‘to win outright’.  In other words, one is looking for odds that the team in question will win the Indian Premier League T20 outright.  OddsJet compares IPL outright winner odds from several reputable cricket betting sites that serve customers in Australia and offer AUD accounts.  This allows OddsJet to display the best odds for every team to win the IPL outright so Australian bettors may maximize their potential returns.

Indian Premier League Futures and Ante Post markets explained         

IPLT20 outright winner betting is by far the most popular IPL futures betting market.  Futures markets, also called Ante Post markets, are those that involve a wager that is contingent on a long term result that will become final over the course of an entire tournament or season, rather than a single match.  Odds are usually available several months before the season begins.  This is when you will find the highest paying odds for Ante Post and futures betting markets.  As the season progresses and some teams rise in the standings while others fall, the odds will tighten and pay less for those teams in position to lift the trophy.

Examples of Indian Premier League outright winner odds expressed in American, Decimal and Fractional formats

For American odds format, you will rarely see a negative figure.  Negative figures indicate odds below even-money.  Given how the IPL season works you will see a positive figure that expresses the potential return on a stake of $100.  For example, when you see odds of +450 on a team like the Kolkata Knight Riders to win outright, you would need to stake $100 in order to potentially receive a profit of $440, yielding a total possible return of $540.

With Decimal odds format, know that the odds express the full amount that would be returned on your successful wager including the stake amount.  For this, simply multiply the Decimal odds by the stake. For example, if Delhi Daredevils is listed at 4.65 to win outright, a $100 bet would return a total of $465 including your stake, so the profit would be $365. 

For Fractional format, the odds express the amount of potential profit that will be returned on a wager.  For example, with a wager of $100 and odds of 7/2 on Mumbai Indians to win outright (said seven-to-two), one could see a profit of $350 (7 divided by 2, multiplied by $100) plus the stake amount for a total return of $450.