IPL Betting Odds and Predictions 2024

By Abha Vardhan Published on April 6, 2024 Last updated on April 6, 2024

If you are wondering who will win IPL, then keep on reading to find the latest IPL 2024 odds and our predictions.

We will analyse bookmaker odds and previous performance and provide detailed data for the current IPL favourites.

🏏 IPL 2024 Odds for Winner

In the following table, we have shown the IPL winner odds from Parimatch for all ten teams, along with the win probability.

🔮 IPL 2024 Winner Predictions by Team

If you are looking to find an informed betting decision for the upcoming cricket matches it’s important to look into not only current but also past performance.

Here are our tips for Tata IPL based on historical data, bookmaker IPL 2024 betting odds and other factors. Bettors would take into consideration strengths and weaknesses in order to determine which team has more chances to win IPL.

Gujarat Titans: IPL 2024 favorites

• Past Performance:

This franchise was created ahead of IPL 2022. As such, GT have played in only one season of the league. In IPL 2022, the Hardik Pandya-led franchise went all the way to win the IPL trophy on their maiden appearance in the league. They beat Rajasthan Royals in the final.

• Strengths:

GT have retained the core of players who helped them win the title in 2022. They have strengthened the middle order by buying Kane Williamson in the auction.

• Weak points:

GT do not have the best selection of overseas players. Their success will depend on the form of domestic players.

• Winner: 2022

Delhi Capitals

• Past Performance:

After many years in the wilderness DC, previously known as Delhi Daredevils, reached the final in IPL 2020. Though they lost the title clash, DC consolidated to become one of the strongest sides in the competition. Their resurgence began the previous year under Shreyas Iyer. In Iyer’s absence due to injury, Rishabh Pant was appointed captain and carried on the good work.

• Strengths:

With the likes of Kuldeep Yadav, Nortje, Axar Patel, Ngidi, and Chetan Sakariya, DC have a varied bowling attack. In Shaw and Warner, they have a formidable opening pair.

• Weak points:

After the openers, there are no big names in the batting. They will have to rely on either Marsh or Lalit Yadav as the sixth bowler.

• Winner: NA

Mumbai Indians

• Past Performance:

MI have established themselves as the most successful IPL franchise, with five title wins. Their fortunes turned around when Rohit Sharma was appointed skipper in the 2013 season. However, in IPL 2022, they had their worst-ever season, finishing at the bottom of the points table. They had failed to get adequate replacements for the Pandya brothers and Trent Boult, who had contributed to their success in 2019 and 2020.

• Strengths:

A batting order comprising Ishan Kishan, Rohit Sharma, and Suryakumar Yadav is the envy of their rivals. The acquisition of all-rounder Cameron Green in the auction is the icing on the cake.

• Weak points:

Apart from Bumrah and Archer, the bowling includes Tilak Varma, Kumar Kartikeya, and Hrithik Shokeen. With both Bumrah and Archer returning from a long layoff due to injury, the attack looks weak.

• Winner: 2013, 2015, 2017, 2019, 2020

Rajasthan Royals

• Past Performance:

RR were the winners of the inaugural IPL in 2008. After that, they had to wait for 14 years until 2022 before getting a shot at the title. In the 2022 final, they lost to Gujarat Titans. Credit for their resurgence must be owed to young skipper Sanju Samson. Jos Buttler, the winner of the Orange Cap for most runs in IPL 2022 also made a big contribution.

• Strengths:

The likes of Jaiswal, Buttler, Samson, Padikkal, and Hetmyer add up to a great batting lineup. Ashwin, Holder, Prasidh Krishna, Boult, and Chahal define a bowling lineup with variety.

• Weak points:

RR lack a good finisher in the lower order. Furthermore, they have to rely on Parag as the weak sixth bowling option.

• Winner: 2008

Royal Challengers Bangalore

• Past Performance:

RCB have earned the reputation of eternal bridesmaids. Three entries to the final in 2009, 2011 and 2016 all ended in heartbreak. Historically, the team has had some great match winners, including Kohli and De Villiers. In 2024, the team made it to the playoffs only to finish in 4th position. To their credit, RCB have reached the playoffs in the last three seasons.

• Strengths:

The team has great balance this season. The likes of du Plessis, Kohli, Patidar, Maxwell spell out a strong top order. Karthik is an established finisher lower down. Harshal Patel, Hasaranga, Siraj, and Hazlewood are experienced T20 bowlers.

• Weak points:

With the likes of Sonu Yadav, Avinash Singh, Rajan Kumar, Manoj Bhandage, and Himanshu Sharma, there are relatively unknown names on the RCB bench. Their success will depend on the fitness of the first eleven.

• Winner: NA

Punjab Kings

• Past Performance:

Like RCB, PBKS have not done justice to their potential in the past. They came closest to winning in 2008 when they lost to RR in the final. Six years later, they reached the final again, only to lose to KKR. In all other years, they have finished between 5th and 8th in the group rankings. In 2022, finished 6th, despite a few good wins.

• Strengths:

Good top order, bowling variety Dhawan, Bairstow, and Livingstone represent a solid top order. Curran, Rishi Dhawan, Harpreet Brar, Rahul Chahar, Rabada, and Arshdeep Singh give the bowling great variety.

• Weak points:

Shivam Singh, Mohit Rathee, Vidwath Kaverappa, and Harpreet Bhatia represent a weak domestic bench.

• Winner: NA

Lucknow Super Giants

• Past Performance:

Like Gujarat Titans, LSG enjoyed their first IPL season in 2022. They gave a good account of themselves by reaching the playoffs. However, they finished in third place and may need more luck this time round. They were well served by a strong batting lineup led by KL Rahul. They also had a varied bowling attack consisting of Hooda, Stoinis, Bishnoi, Mohsin Khan, and Krunal Pandya.

• Strengths:

The addition of de Kock and Pooran gives LSG an explosive top-order batting lineup. In Stoinis and Krunal Pandya, they have a pair of good finishers. The addition of Wood and Unadkat gives bowling the advantage of experience.

• Weak points:

The likes of Swapnil Singh, Prerak Mankad, Amit Mishra, and Yash Thakur make for a relatively weak bench.

• Winner: NA

Chennai Super Kings

The IPL 2023 tournament will feature a match between Chennai Super Kings and Gujarat Titans on March 31st. We prepare match prediction: Gujarat Titans and Chennai Super Kings: who will win?

• Past Performance:

With nine finals entered, CSK have arguably the best record of all franchises. With four titles won, they are second only to MI in the number of IPL trophies won. Until 2019, when they finished 7th, they had never ended lower than 4th. Much credit is owed to the astute captaincy of MS Dhoni, who has returned to the helm this year. In 2022, under Jadeja, CSK had their worst season, finishing 9th in the group rankings.

• Strengths:

The team has great all-around talent, with the likes of Jadeja, Stokes, and Moeen Ali. Ruturaj Gaikwad and Rayudu are established batters in the top order.

• Weak points:

A bowling lineup that comprises Chahar and Mukesh Choudhary lacks a tearaway fast bowler.

• Winner: 2009, 2010, 2018, 2021

Kolkata Knight Riders

• Past Performance:

After MI and CSK, KKR have been the most successful franchise, winning the IPL trophy twice. Their best performance after their last title win came in 2021 when they lost in the final to CSK. They finished 7^th in IPL 2022.

• Strengths:

Venkatesh Iyer, N Jagadeeshan, Shreyas, Nitish Rana, Russell, Shakib Hasan, Lockie Ferguson, Narine, and Shardul represent great batting depth.

• Weak points:

The team continues to rely on the likes of Russell and Narine, who could be past their prime.

• Winner: 2012, 2014

Sunrisers Hyderabad

• Past Performance:

The franchise, which was formed in 2013, has reached the playoffs on six occasions. Their best performance came in 2016 when they won the title. 2021 and 2022 were the worst years for SRH when they finished in the 8^th position.

• Strengths:

By acquiring Mayank Agarwal and Adil Rashid, SRH have given great balance to a side that already has Markram and Washington Sundar. Brook and Philip provide finishing options down the order. Malik and Bhuvneshwar are a formidable new ball pair.

• Weak points:

Like some other franchises, SRH have a relatively weak bench. These players include Anmolpreet Singh, Nitish Kumar Reddy, Mayank Dagar, Upendra Yadav, Sanvir Singh, Samarth Vyas, and Vivrant Sharma.

• Winner: 2016

Group Stage IPL Prediction

In this section of our IPL betting odds analysis, we look at the various teams in the fray at IPL 2024. These include defending champions Gujarat Titans, who beat Rajasthan Royals in the IPL 2022 final. The others in hierarchical order are LSG, RCB, DC, PBKS, KKR, SRH, CSK and MI.

IPL Teams to Reach Playoffs Tips

Our IPL prediction 2024 is that GT, RCB, DC and RR will be the teams to reach the playoffs. Defending champions GT have retained the core players that helped them win the title last year. Skipper Hardik Pandya has been in great form recently, as has opener Shubman Gill.

LSG and RCB are arguably the most balanced teams in the competition, with great strength in all departments. Furthermore, they have clearly defined roles for their players. Jos Buttler, who helped propel RR into the IPL final in 2024, has been in brilliant form.

The addition of Zampa, M Ashwin, Joe Root in the auction has provided RR with great bench strength. By comparison, not many other teams have used the auction as judiciously.

Tips to Analyse Winner Probability in Cricket

Apart from IPL betting odds, punters must consider numerous other factors before they can make an IPL match prediction. Consider our following IPL tips.

• Pitch condition: Will it be batting-friendly, or will it help the bowlers? If bowling-friendly, will the pitch encourage pace bowlers or spinners?
• Weather: Are weather conditions likely to affect the outcome? For instance, has there been rain overnight, in which case, the ball could seam around? Will there be dew later in the night? If so, chasing a target will be easier.
• Player fitness: Are key players injury-free? Being informed about the team composition prior to each game is an important cricket betting tip factor to consider.
• Venue: Is it the home venue of your favoured team? Typically, teams play better at home than away.
• Toss: Which team has won the toss? The toss-winning team will have an advantage in that they can opt to bowl or bat first, depending on the playing conditions.

Are the Gujarat Titans Going to Live up to Expectations?

Bookmakers quote IPL winner odds of 6.0 on defending champions Gujarat Titans, making them favourites to win IPL 2024. Gujarat Titans won IPL 2022 by beating Rajasthan Royals in the final. They dominated the tournament from their first game onwards. In fact, they lost only one of their first nine group matches. They eventually won 10 of 14 group games to become the top team in the playoffs.

The team’s success was built around a core of domestic players led by skipper Hardik Pandya. The core included other domestic players such as Shubman Gill, Wriddhiman Saha, and Rahul Tewatia. Some of the overseas players, including Rashid Khan and David Miller, also performed to their potential. Going into IPL 2024, GT have retained their original core and used the auction to add value.

The additions include domestic players Shivam Mavi and KS Bharat and overseas players Kane Williamson and Odean Smith. Most of these players, especially Hardik Pandya, have been in great form recently. There is every reason to believe that Gujarat Titans will be the team to beat in IPL 2024. Thus, they justify the final IPL 2024 prediction by bookmakers.

Underdogs IPL 2024

Though they don’t attract the best IPL betting odds, Sunrisers Hyderabad could prove to be the underdogs of IPL 2024. Take a look at their first eleven. It comprises of Agarwal, Abhishek Sharma, Tripathi, Markram, amongst others. Besides these players, for this cricket event the franchise relies on Heinrich Klaasen.

The likes of Agarwal, Tripathi, Markram and Brook represent a solid top order. Philip and Sundar can both be effective finishers. The inclusion of Rashid has given the side the leg break variety it needed. Umran Malik’s pace can rattle the best of rival batters. If the first eleven manage to stay injury-free, SRH will have a balanced team with strength in every department.

IPL Bet Markets

In cricket, you can bet on many more markets than in other sports. Here, we have listed some of the most popular betting markets.

• Match winner: This is one of the most popular bet types that attract punters. However, a no-result outcome makes the bet void.
• Toss winner: The toss is considered a key happening. The outcome of the toss can have a great bearing on the outcome of a game.
• Top batter: Punters like to predict which batter will score the most runs in a match.
• Top bowler: This bet involves predicting the highest wicket-taking bowler.
• First wicket: In this bet type, punters try to predict how the first wicket will fall. In other words, what will be the mode of dismissal? It could be bowled, LBW, caught, run out, and so on.
• Most sixes: This is one of the most popular bets in IPL cricket, wherein punters predict which batter will register the most sixes during a game.
• Player of the Match: A player who contributes most to his team’s fortunes will be named player of the match. Usually, this player is from the match-winning team.

Bookmakers with the Best Odds for IPL 2024

There are several bookmakers who offer the best IPL betting odds. Today IPL satta rate is the most competitive at these 3 bookmakers:

• Parimatch
• 1xBet
• Betway

Find some of the latest cricket specials and odds in the table below:

Live Betting

Live betting on cricket involves betting on events in a match while the match is in progress. For instance, a punter can bet on how many runs will be scored in the next over. Alternatively, the punter may try to predict at what score the next wicket will fall. As the match situation can wary with every ball bowled, the odds change.

For instance, the odds may favour a batting team that has not lost a wicket. However, a flurry of wickets lost could cause the odds to change in favour of the bowling side. In this segment of our IPL betting tips, we show readers what things to look for when making bets on a live match.

• Cash Out: Many betting sites allow punters to cash out their bets either wholly or partially. This means that a punter can cut his losses or optimise his winnings by cashing out at the right time.
• Live Stats and Analysis: Some bookmakers provide live stats and analysis. A punter may use the stats to stay abreast of the happenings on the field of play. This will help the punter to make informed betting decisions.
• Live Streaming: Some betting sites provide live streaming of matches in play. A punter can even watch such streams on a betting app on his phone. This will allow them to bet on the go.
• Multi-Live Betting Options: Some bookmakers, such as 1xBet, provide multi-live betting options. In other words, they provide simultaneous streaming of several games.

Note: You can find one of the best live betting platforms at 1xBet, which includes live streaming, multi-live betting, and cash-out options.

How to Read IPL Cricket Odds?

IPL betting odds are available in different formats. The IPL 2024 odds list may be quoted as American odds, decimal odds, or fractional odds. I will explain this with an IPL 2024 odds calculator. Let’s assume that the IPL 2024 odds to win for a team is quoted at fractional odds of 3/1.

This is the same as the decimal odds of 3.0. In American odds, the quote would read as +300. The plus sign shows that the team is not the favourite to win the game. The odds quoted for the favourite would have a negative sign. For instance, if the other team attracts American odds of -200. It means you would have to bet 200 to win 100. This converts to fractional odds of 1/2 or decimal odds of 0.5.

IPL Betting Rates 2024

The term ‘IPL betting rate’ refers to the betting odds quoted for the various markets offered at betting sites. Consider the IPL cricket rate for some of the following betting markets on offer.

• Moneyline Odds: Punters can use Moneyline odds to predict which team will win an IPL game outright.
• Match Handicap: A match handicap is offered to motivate a punter to bet even though the outcome of a match is predictable. A match handicap makes betting more interesting when the teams are not well-matched. Usually, the match handicap is set after the first innings of an IPL match is over. A handicap is set on the 2nd team; the handicap can vary depending on whether the 2nd team is the favourite to win or the underdog.
• Futures Betting: Futures betting is not relevant to the match betting rate on the current day. It refers to wagers on who will eventually win the IPL tournament. The IPL outright odds usually change during the season.
• Props Betting: This refers to betting on events that are independent of the outcome of the game.

IPL 2024 Scoreboard

Punters can expect to find a live IPL 2024 scoreboard on all the prominent bookmaker sites to help with live betting. The scoreboard is dynamic and changes with every ball bowled, runs scored, and wicket lost. This is an essential part of a live betting platform, and the IPL match odds will change in keeping with the changing scoreboard.

Format and Groups

The 10 teams in IPL 2024 will be divided into two groups, A and B. Each group will have five teams. Each team of a group will play two matches – home and away – with each of the remaining teams in the group. Additionally, every team in a group will play two matches against one team of the other group.

Further, it will play one match against each of the other four. Thus, every team will have to play 14 matches each. (At the time of writing, the IPL 2024 schedule and the compositions of the two groups are yet to be announced.)

IPL Odds FAQ

In this section of our IPL 2024 odds prediction, we answer a few FAQs, including our prediction on IPL 2023 and who will win.