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Growth of IPL Online Betting In India Over The Past 10 Years !

Summary: With VIVO IPL 2020 Auction set to be held in Kolkata on December 19, 2019, the excitement and thrill can be seen amongst the players, fans and the bettors. The growth of IPL online betting in India has come a long way. Read on to know more.

As the Indian and international players gear up to go under the hammer in VIVO IPL 2020 Auction list, all eyes are set upon this event, which is said to be held in Kolkata, this December, 19th, 2019. The 13th edition of this cricket league has already created a buzz with many popular players getting released by their franchise in the auction pool.

If the Cricket experts are to be believed, the 13th edition will surpass all the previous leagues in terms of competition and the money-making.

According to a report by KPMG and Indian Federation of Sports Gaming (IFSG), “currently there are more than 200 million sports bettors in India, a gigantic jump from two million that were recorded in 2016.

There are many reasons behind the growing popularity and consecutive successful years of IPL Online Betting in India, which also includes the accessibility of mass internet that is available at the cheaper rates.

 

  • History of Indian Premier League

Cricket is a religion in India. After India`s 1983 and 2011 World Cup win, the popularity of the sports has grown ten folds.

From test matches to ODIs and shorter formats like T20, cricket attracts lots of fans and bettors in equal numbers. When the concept of IPL was launched in 2007, seldom anybody has thought that it will garner unparalleled attention from all over the world.

The league has not only provided a platform for entertainment to millions of people but also has been proved to be a search engine for budding talent.

The Indian Premier League also offers lots of opportunities to the Indian sports bettors in every game. And, as the fans discover more ways to bet online and to make money, the popularity of IPL has shot up significantly in the past few years.

 

  • IPL Online Betting: Reasons behind its Popularity & Increasing Revenue

Shorter format, interesting rules, Indian and overseas players playing together and exciting opportunities to bet and win quick cash, are the reasons why IPL has seen tremendous growth all these years.

The revenues generated over the past few years has doubled over a period of four years and are further expected to grow at a CAGR of 22.1% from Financial Year 2018-2023.

Today, the most preferred device amongst online gamers is a mobile phone. And, with the proliferation of affordable smartphones and the penetration of internet accessibility, mobile phone users have increased.

Also, the high-speed internet available at the cheaper rates, offered by the telecom companies has played the primary catalysts for this rapid growth.

The number of online gamers has increased by nearly ten times over 2010-2018. A similar pattern is experienced in the growth of game developing companies over the same period of time.

 

  • Betting on IPL Online

The limited-overs format, shorter boundaries, and flat pitches give lots of entertainment to the cricket fans.

One can estimate the popularity of the Indian Premier League by studying the graph of the league that is ever climbing.

With many international key players dropping out of significant ODIs or Test Matches in order to take part in the T20 format offers a quick-fix entertainment to thousands of punters and sports bettors all across the globe.

Why? Because the league offers plenty of waging options that 21st-century sports fans and punters demand.

While there are certain rules that vary in the T20 format, the rest of the game remains the same. Just like ODIs, the captains in IPL have to deal with fielding restrictions.

The first 6 overs are set-up with just 2 fielders allowed outside the 30-yard circle. This fielding set-up gives the batsman an opportunity to hit the boundaries and score as many runs as he can.

The remaining 14 overs allow the fielders to guard the boundaries. This allows punters to bet on various wagers that are offered by bookmakers online.
 

  • Types of Cricket Bets in India Premier league

The most amazing thing about online betting is that the punters get several ways to place their wages against an event.

As the bookmakers battle-out to win users in great numbers, they offer a deep menu of cricket betting markets. It gives the sports bettors a golden chance to exploit the range of value betting angles.

The most popular ones are:

 

  • Match Outcome & Series Winner

The possible outcome in any T20 or ODI game is that one of the two teams wins and the other loses. Hence, the most popular way of putting a bet on a cricket match is on its final outcome.

You can bet on the likely winner along with the overall exact series score.

 

  • Leading Run scorer & Maximum Wicket Taker

Apart from betting on the match outcome or a series winner, then bettors can also put wagers against the leading run-scorers and wicket-takers in each inning or the match.

The trend is extremely popular and represents a hugely profitable market. The leading run-scorer often comes for batting in the top-3 positions of a batting line-up.

As the first 6 overs are crucial in IPL, these batsmen face the most amounts of balls and bat, when the opposition captain set the field inside during a power play.

 

  • Highest Opening Partnership

Another interesting market that lures punters is to bet on Highest Opening Partnership.

Quite often a certain batsman struggles against a certain bowler, this gives sports bettors a chance to do some research about the players to make predictions in IPL online betting, which often yields decent returns.

 

  • Man of the Match

Just like in any other sports, cricket teams have certain star players that possess the ability to turn the table around, at any given point.

These players have an X-factor that makes them the prime candidate for a match-winning performance.

It could be a popular batsman with his lethal batting ability to hit quick boundaries or a bowler that has a tendency to deliver a spell in which he can send many batsmen back to the green room.

Predicting the right name for the man-of-the-match can help you win huge bucks.

 

  • Number of Boundaries

Be it a total number of fours or sixes scored in a match, placing a bet on the number of boundaries can help bettors win some quick cash.

This can be a team catch-up, where some sides will be packed with star players who would look to send the balls into gaps and hit fours.

Also, there are certain stadiums that suit six-hitting. Predict the number of boundaries and take home a fat winning amount.

 

Excerpts: Despite the emergence of so many other sports leagues like Pro-kabaddi, football, badminton, basketball and volleyball, IPL remains the prime sports as far as online sports betting is concerned. 

Both from a sporting as well as a fantasy sports point of view, the trend is going nowhere and is definitely here to stay!

 

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