The Dynamics of Sports Betting
Here are a few examples:. Check your preferred online bookmaker for a full list of bets they offer on IPL matches. 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 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 , there were 9 teams competing for the elusive title and a chance to compete in the Champions League Twenty 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.
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. 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. Sign up to our newsletter and receive daily FREE cricket betting tips and betting offers to your email!
We have written an in-depth guide on how to get started with cricket betting online. You can read it in full here: There are plenty of variations to this method where you can use other deposit options, choose other betting sites and so on, but the basic process is the same for whatever way you choose to get setup.
It depends on which region you are living in. Regions like the UK for example have fully legalized online betting and you can create an account, deposit money, bet on cricket and withdraw your winnings without any problems. Other places, like India for example, it is more of a gray area. Here the laws don't explicitly state that it is illegal and this varies by region. Still there are plenty of betting sites that allow you to bet with real money online.
Always read up on your local laws regarding online betting. This is completely normal and should not leave you worried. The betting sites needs to comply with laws and regulations in their country they operate from and they need to make sure there are real people that are behind the accounts being made. This is to stop money laundering, funding of terrorists and other illegal activites.
Deciding on which site you want to use for sports betting is as simple as figuring out what you want from a bookmaker. If you are from India, Betway a top choice as far as cricket betting goes. You want to bet using a specific currency, like Indian rupees for example? Bet can accommodate your needs.
We have written reviews on most of the popular online sportsbooks and we have listed those that have been given the highest rating by our team in the table above called 'Top Bookmakers'. You can get a quick glance of their standing with us, their welcome offering, link to our full review of them and a link so you can visit their site.
If you want to just get started you can find one you like the look of above and start betting on cricket right away! There are several different factors to consider when you are researching a bookmaker, for example:. If this seems like a time consuming job, thats because it is. But you can relax, we have done a more in-depth study of the sportsbooks we use to bet on cricket online on this site. Go to our cricket betting sites page for an overview over the online sportsbooks we have tried and tested and read our review of them.
We talk about the most important features of them and what we like about them in that section. Sports betting is a business for the operators that offer it, and they are not doing this just for the love of the sport. That means that you have a big hill to climb in trying to outsmart someone that is making boatloads of money on losing bettors and employ hundreds of people to make sure the odds is set correctly.
For you to end up a winner cricket betting you need to have patience, bet within your means and have a knack for analyzing betting odds. You cannot rely on simple systems or go with your gut on games, that is not enough to outsmart bookmakers with their huge databases of statistics and knowledge of the sport.
But even though you are probably not going to win, that does not have to make a difference. We are not winners on every sport we follow and most of us even keep a "fun-fund" where we just place bets for fun and try to put our wits to battle with the best oddsmakers in the hopes of winning.
It is a lot more fun than grinding away at betting. Sure, we might be losing money, but what kind of entertainment doesn't cost money?