The Indian Premier League is arguably the best professional T20 cricket league in the world.  OddsJet compares IPLT20 odds from several reputable sportsbook companies that serve customers in South Africa, some of which offer Rand accounts.  This allows OddsJet to show you the best odds for every match on the schedule, which helps South African bettors maximise their potential returns.  If you’re looking for IPL Futures, OddsJet also shows you the best IPL outright winner odds for each team to win the championship.   

IPL Betting Odds Explained

Money Line

Quite simply, when you are betting on the Money Line, you are betting on the winner of an IPLT20 match - there is no handicap.  Favorites and underdogs are determined solely by the odds pricing. 

IPL Odds expressed in American, Decimal and Fractional Formats

For American odds format, keep in mind the difference between positive and negative expressions.  Both use the figure of $100, but in different ways.  When a negative number, the odds are below even-money and the odds express how much one must wager in order to return a profit of $100.  For example, if the Kings XI Punjab are favoured heavily, you might see a figure of -275.  This means you would need to wager $275 for a potential profit of $100 and a total potential return of $375.  When you see a positive IPL odds price in American format such as +190, this expresses how much potential profit you will gain when you wager $100.  At +170 on Mumbai, a winning bet of $100 would return your stake plus $170 in profit for a total return of $270. 

For the Decimal odds format on the IPL, you simply multiply your stake amount by the decimal odds price to see the full amount that would be returned on a win, including your stake amount.  For example, if you wagered $100 at a price of 1.77 on Royal Challengers Bangalore, your total potential return would be $177, a profit of $77. 

For Fractional odds format, the odds express the potential profit.  For example, if you bet $100 at an odds price of 5/2 (five-to-two) on Sunrisers Hyderabad, the potential profit would be $250 (5 divided by 2, multiplied by $100). You would also receive the returned $100 stake for a total return of $350.