When it comes to betting on IPL, reading the odds is the key to making intelligent bets. Whether you are a newbie or want to improve your approach, reading the odds of IPL betting the correct way can make you the boss. In this blog, we will demystify how to read betting odds like a pro on Sky 247, one of the leading online sites for IPL betting.
What Are IPL Betting Odds?
IPL betting odds are the chances of a particular event occurring in a cricket match and the amount you can win if your guess is correct.
On Sky247, you will find odds displayed in decimal format (most popular), and occasionally in fractional or American formats.
What Types of Betting Odds are available
1. Decimal Odds (Most Popular on Sky247)
- Format: 2.50, 1.85, 3.00
- Example: You wager ₹1,000 on Team A at 2.50 odds.
- Payout = ₹1,000 x 2.50 = ₹2,500 (including your ₹1,000 stake)
- Higher odds = greater risk, greater reward.
2. Fractional Odds (Found in UK markets)
- Format: 5/2, 10/3
- Example: 5/2 odds translate to for every ₹2 you wager, you win ₹5.
3. American Odds
- Format: +200 or -150
- Less prevalent on Indian sites like Sky247, but useful to know:
- +200 = Wager ₹100 to win ₹200.
- -150 = Bet ₹150 to win ₹100.
Common IPL Betting Markets on Sky247
- Match Winner – Who will win the match.
- Toss Winner – Who will win the toss.
- Top Batsman/Bowler – Player with the most runs or wickets.
- Total Runs Over/Under – Predict whether total runs will be above or below a certain number.
- Live/In-Play Bets – Dynamic odds that change with the game’s progress.
How to Read Odds Like a Pro
✅ Seek Value Bets
Always match your prediction against your own. When a team is high on odds but still has a plausible win possibility, then it is a value bet.
✅ Do Not Always Chase High Odds
Higher odds reflect smaller probabilities of winning. Maintain equilibrium between low-risk and high-payback options for bets.
✅ Be Alert to Live Odds
Sky247 provides live betting, with odds updating in real time. Lightning-fast moves here can bring enormous profits — if you’re quick on the draw.
✅ Match Data Analysis
Prior to betting, review head-to-head statistics, pitch reports, weather conditions, player form, and team news.
Final Tips:
Utilise Sky247‘s live score updates and match insights to bet more wisely. Monitor player injuries or eleventh-hour team changes, as they can swing odds heavily.
