IPL 2024: Who Are The Favourites This Season?

IPL 2024: Who Are The Favourites This Season? The 17th edition of the Indian Premier League (IPL) of cricket is fast approaching and looks set to get underway on March 22, although an exact date has yet to be confirmed. Many reports suggested that BCCI is waiting for Lok Sabha elections announcement.

IPL 2024
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Here is a closer look at some of the early favorites with the best chance of coming out on top this year in IPL 17 (officially known as Tata IPL 2024 due to sponsorship deals). Lets take a look who will win IPL 2024?

Who Is Going To Win IPL 2024?

To find out which team will most likely win this year’s IPL, we must look at the latest odds for each team and then compare those odds to see which team has the best chance of winning (the highest implied probability rate).

For example, at many of today’s most reputable IPL betting apps that people living in India have access to, the current reigning champions, CSK (the Chennai Super Kings), are the most online bookies’ odds-on favorite team to win.

The team is captained by MS Dhoni (Mahendra Singh Dhoni), and the head coach is Australian Stephen Fleming. Let’s take a closer look at the odds for the three teams most likely to come out on top this year and win IPL 2024 outright.

Also Read: IPL 2024: 5 Players Royal Challengers Bangalore (RCB) Can Target If Tom Curran Gets Ruled Out

Here, you can find the three different odds formats – American/moneyline (used in North America), decimal odds (used in India and most other countries) and fractional odds (used in the United Kingdom), and the implied probability rate (IPR):

  1. Team: Chennai Super Kings (CSK). American/moneyline odds: +475. Decimal odds: 5.75. Fractional odds: 19/4. IPR: 17.40%
  2. Team: Gujarat Titans (GT). American/moneyline odds: +550. Decimal odds: 6.50. Fractional odds: 11/2. IPR: 15.40%
  3. Team: Mumbai Indians (MI). American/moneyline odds: +550. Decimal odds: 6.50. Fractional odds: 11/2. IPR: 15.40%

In other words, GT and MI are both jointly priced and have the same odds. The other teams also competing in the IPL this year are Lucknow Super Giants (LSG), who are currently priced at around 8.00 (decimal odds), +700 (American/moneyline odds), and 7/1 (fractional odds), meaning they have a 12.50% IPR.

The Royal Challengers Bangalore (RCB) are currently priced at around 8.5 to win the 2024 IPL outright (which is +750, or 15/2) with an 11.80 IPR. You then have the Rajasthan Royals at around 9.00 (+800 or 8/1) with an 11.10% IPR.

The Sunrisers Hyderabad are currently priced at around 10.00 (+900 or 9/1) with a 10.00% IPR. The Kolkata Knight Riders (KKR) and Punjab Kings (PBKS) are both jointly priced at around 12.00 (+1,100 or 11/1) with an 8.30% IPR, and the Delhi Capitals are currently priced at around 13.00 (+1,200 or 12/1) with only a 7.70% IPR.

Also Read: IND vs ENG: ICC Test Team And Player Rankings Ahead Of India vs England 2nd Test

In other words, CSK would be the safest IPL 2024 outright winner bet, but GT and MI would also be safe backup bets. However, as the season gets underway, these odds are likely to fluctuate and don’t forget that no bets in cricket or any other sport are ever guaranteed.

Who Is The Most Successful Team In IPL?

Since the very first IPL in 2008, two teams have won the IPL more times than any other team. The Chennai Super Kings and the Mumbai Indians are the league’s two most successful teams. However, CSK has only played 14 seasons, and MI has played all 16 seasons, so based on this stat alone, CSK can be classed as the most successful IPL cricket team.

Both teams have also been runners-up on five separate occasions. You then have KKR, who have won the IPL twice (runner-up once), and the only other teams to have won the IPL outright in the tournament’s history on at least one occasion are RR (Rajasthan Royals), SRH (Sunrisers Hyderabad), GT (Gujarat Titans), and DC (Deccan Chargers, not Delhi Capitals).

Final Note

To give yourself a much better chance of winning any bets you place on the upcoming IPL at any of the fully licensed and regulated online sports betting sites recommended for people living in India on the official TheTopBookies.com iGaming review site, remember to gather as much relevant stats and data as possible.

Find out the latest team news, recent results, historic results between the two sides, which players are in form, out injured, etc., and try to understand what the odds and implied probability rate for each outcome are trying to tell you. Learning all this helps you place more informed bets that are more likely to return a profit (but never guaranteed, don’t forget).