If you want to bet on the IPL successfully, and earn some cash, there are things you can do to minimize your losses and improve your chances of winning consistently.
What many new IPL bettors do is that they make bad bets because they are emotional (i.e., they just lost their previous bet, so they make an emotional decision to try to recoup their loss by placing a bigger bet).
Some of common mistakes made by first-time IPL bettors:
– emotional betting after watching one over
– following random Telegram or WhatsApp betting tips
– going all in after a loss
– not paying attention to the pitch or toss
– betting on every match without making a sound selection based on their own analysis
Regaining control of your betting is really the first step to being an awesome IPL bettor, and if you take care of those things, you’ll be ahead of 70% of all IPL bettors!
1. Fixed Bankroll Strategy (Foundation of Low Risk Betting)
This is the first guideline you should follow on this list.
How to Apply It :
With a total bankroll of ₹5000:
Your bet size per game can not exceed between 2% and 5% of your total bankroll per wager (between ₹100 and ₹250).
Under no circumstances should you exceed this amount regardless of how confident you are.
The Benefits of Using This Betting Strategy:
It helps protect your bankroll
You will be less emotional when making bets
You can stay in the game longer.
Because of this you will still be able to continue betting even after losing 5–6 bets in a row.
This is what long-term professional bettors do to survive.
2. Pre-Match Analysis is the Key to Winning
Betting without prior research and analysis is considered gambling only.
You should view and approach betting as an opportunity to perform research.
Important areas to perform research on:
- Pitch Conditions
If a pitch is favorable to batsmen, then you will see high scores.
If a pitch is favorable to bowlers, then you will see low amounts of runs scored in that match.
- Recent Team Form
Look at how each team has performed over the last 3–5 games.
Teams who have momentum in the IPL are usually the teams that win.
- Head to Head Matchup History
There are some teams that have great success against certain opponents.
Player Availability
Injuries or player changes can affect the outcome of a match.
- Home Field Advantage
Teams can perform better on their home playing surface at the place where they are most familiar.
Example of How Teams Perform on Various Types of Pitches:
Chennai Super Kings have had great success playing on pitches which are friendlier to spin bowlers.
3. Always Place a Bet After the Toss (The most overlooked but one of the most awesome)
This is one of the most successful low-risk strategies to use.
The importance of the toss:
- Affects the way bowlers deliver in night matches with dew
- If the team is behind and chasing runs, they have an advantage
- The way a pitch behaves will change through a game.
The strategy is:
- Wait until the result of the toss is known.
- Then place a bet.
Using this simple step, you can hugely influence your chance of winning.
4. Choose Your Matches Wisely (Quality vs Quantity)
Most beginners make one of the biggest blunders in betting on all of the IPL matches.
The smart betters:
- Bet on only a couple or three matches each week.
- Bet on only the best and most confident opportunities.
- Look for:
− A strong team versus a weaker team,
− A trend of steady performance,
− A statistically clear advantage.
Popular teams, such as the Mumbai Indians or Royal Challengers Bangalore, might attract alot of money from betting because they’re popular, but smart betters will analyse the match beyond just how popular the team is.
5. Recognize the Value Betting System (Advanced Bet Strategy)
One error that many people make:
Betting on the favorite team every time.
But professional players search for value bets.
What is a value bet?
A value bet occurs when the actual probability of winning is greater than what the odds portray.
An example of this would be a team having a 60% chance of winning, but the odds indicate that the team only has a 40% chance to win.
This is a value opportunity.
Using value betting can result in long-term profit instead of short-term winnings.
6. Refrain from Live Betting (Especially as a Beginner)
Live betting is very exciting, but can be risky.
Why?
You have to make quick decisions, feel pressure from your emotions, and the odds change quickly.
Many beginners find themselves losing control with live betting.
A better process would be to stay with:
Pre-match betting
A plan for betting
You will increase your chances of winning with pre-match betting while also developing a better knowledge of the betting system before venturing into live betting.
7. Never Chase Your Losses (The Biggest Source of Bankroll Loss)
Chasing your losses is the quickest method of losing all your money.
After losing ₹500, you will lose ₹1000 in an attempt to recoup your losses.
Chasing losses creates panic errors and greater losses.
Proper Mindset:
It is important to accept your losses as part of gambling.
Stay with fixed size bets (bet equally on each bet).
8. Maintain discipline and do not chase your losses.
Keep this in mind, consistent betting and planning for a long-term approach towards betting will allow you to win at the end, not revenge betting.
Tracking Your Performance (a powerful, yet simple habit):
Habitually, many don’t keep track of their own bets which could turn into a massive mistake!
Keep it as simple as possible. Here’s what you should keep track of:
- Match
- Amount you bet
- Result (winning or losing)
- Your profit or loss
Once you have tracked between 20 and 30 of your own bets you will be able to:
- Identify patterns
- Make better decisions
- Reduce mistakes
9. Think like an investor instead of a gambler.
How we think creates the outcome we produce.
Gamblers are:
- Looking to make quick money
- Taking large risks
- Using emotional responses for their actions
Smart bettors do the opposite of all three.
- Looking for continuous long-term profits
- Sticking with disciplined investing
- Managing their risks properly
Betting should be treated as an investment instead of a source of entertainment.
Reality Check: There are NO ALL-TIME WINNING strategies!
Let’s face it:
– Ultimately there is no guaranteed winning strategy
– Even those who are considered professionals in betting may lose.
– Luck will always play a part in your betting results.
The goal is NOT to win every match, but rather to minimize your losses and create a profitable portfolio over time.
FINAL LOW-RISK IPL BETTING STRATEGY :
A very simple formula to follow:
- Create a fixed bankroll (2% to 5% of your bankroll per bet).
- Conduct proper pre-match analysis prior to any match.
- Place your bet AFTER the coin toss.
- Only bet on select, high-quality matches.
- Never make an emotional decision about betting.
- Never chase a difficult to obtain loss.
