How Much Money Is There To Be Made In The Indian Premier League?

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Cricket is a sport that was developed by the British and they spread it around the world during the time of the British Empire. It first started off as a humble sport that the British soldiers played in order to pass the time, and the locals became fascinated by it and wanted in on the action. Now it is the second most popular sport in the world, and there is a lot of money in the game now. Okay, not as much as other sports such as football and basketball, but still more than enough for professionals to live a very comfortable life. In this article, we are going to take a look at how much teams and players make in the IPL as well as how much is bet on cricket. 

Prize Money In The Indian Premier League 

There are plenty of great and lucrative cricket tournaments that take place across the world, but there is one that stands head and shoulders and shoulders above the rest when it comes to money involved, and that is the Indian Premier League. Therefore, this is the competition that we are going to focus on in this article. There is so much money floating about in the IPL, which is the reason why cricketers all over the world are desperate to play in it. 

So, what type of money is floating about in this league? Well, this is what we are going to take a look at right now. First of all, we are going to look at the prize money for this lucrative cricket tournament. When the IPL came into being in 2008, the winning team, which was the Rajasthan Royals, picked up 4.8 crores ($1.2 million). The runners-up took home 2.4 crores ($600,000), while the third and fourth placed teams earned 1.2 crores ($300,000). 

However, the money involved has increased dramatically since then. For example, in 2018 and 2019, the winners of the tournament took home 20 crores ($2.2 million), while the runners-up were able to claim a consolation prize of 12.5 crores ($1.3 million). You would think that the 2020 and 2021 edition of the tournament would have the same prize money or even more, but this is actually not the case. The total prize money for 2020 and 2021 was cut in half due to the amount of money that is being lost due to the current pandemic. Still, getting 10 crores for winning the trophy is nothing to be sniffed at, nor is 6.25 crore for finishing as runners-up. 

What Type Of Salary Do The Players Get? 

Now that we know the type of prize money that is up for grabs in the IPL, we are now going to take some time looking at the salaries of the players that take part in this tournament. We are not exaggerating when we say that one season in the IPL can give a player enough money to live comfortably for the rest of their lives. 

For the 2021 IPL, Virat Kohli is the best paid player in the competition. The Indian captain plays for and captains the Royal Challengers Bangalore and he picks up a salary of 17 crores ($2.4 million). The second highest paid player in the 2021 tournament is Chris Morris, who earns 16.25 crores ($2.3 million) for his services to the Rajasthan Royals. Morris made history during the 2021 auction as he became the most expensive player in IPL history. 

The likes of MS Dhoni (Chennai Super Kings), Rohit Sharma (Mumbai Indians), Kyle Jamieson (Royal Challengers Bangalore), Glenn Maxwell (Royal Challengers Bangalore), and Jhye Richardson (Punjab Kings) all claim around 15 crores ($2 million) for their services. 

England's Ben Stokes who plays for the Rajasthan Royals gets 12.5 crores ($1.8 million), while Australia's David Warner (Sunrisers Hyderabad) and Steve Smith (Rajasthan Royals) get 12 crore ($1.7 million) over the course of the season. So, as you can see, all of the big players can command a hefty sum to play in the IPL. 

However, not all players make that sort of money. For example, Arshdeep Singh, Harpreet Brar, and Murugan Ashwin all play for the Punjab Kings and make 20 lakh ($28,040) for playing in the tournament. While this is nowhere close to the sort of money that some of the bigger players make, it is still more than what the average Indian citizen makes in a year. 

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IPL Betting 

It is not only the teams and the players that can make plenty of money from the IPL. The people of India love to play and watch cricket, but there is something else that they love to do and that is making IPL predictions and IPL betting. The IPL is now one of the most popular sports for people to bet on because there are so many different markets that punters can put their money on. Think of an outcome in an IPL match, and you will find a market for it at all the best cricket betting sites. Thus, sportsbooks are always on top of Indian Premier League predictions as there is plenty of money to be won in IPL betting. 

You might be surprised to hear that gambling in India is mostly illegal, but this does not stop Indians from betting on their favourite IPL teams. Indians are able to gamble thanks to black market bookmakers as well as the fact that the government are powerless to stop them from signing up with online bookmakers that are based overseas. Before you open an account with a bookie, you need to find reviews of the best cricket betting sites and only sign up with the very best ones. 

So, just how much is bet on the IPL overall? This is not an easy question to answer since the illegal bets that are made with black market gamblers cannot really be followed. However, it has been estimated that around 1,000 crores are bet on each IPL match - this is a little over $140 million. If you take into consideration that there are 60 games in an IPL season, you get a good understanding as to how much is bet on it. You also have to keep in mind that there will be plenty of IPL cricket fans around the world also placing a bet on this highly entertaining tournament. 

The Importance Of Betting Comparison Sites 

When it comes to betting sites, you can just sign up with the first one that you come across if you wish, but if you do this then you run the risk of opening an account with a sports betting site that is not able to provide everything that you are looking for from your cricket betting experience. 

You really need to do plenty of research before you go ahead and commit to a sportsbook by depositing money with them. You do not want to commit to a bookmaker and then realise that they are not the one for you and then have to go through the hassle of getting the money that you deposited back. 

This is where betting comparison sites, such as come into play. Sites such as these have a team of experts that know all there is to know about finding the best bookmakers. They know what makes a great bookie and what makes a poor one and they will provide their visitors with in-depth reviews of a variety of bookies so that you can make up your mind as to which one will be the best for you. 

So, thanks to betting comparison sites, finding the best bookmaker for you is something that is easier than ever before. All you have to do is head to a quality comparison website, take some time to carefully read their reviews, and then make your final decision based on what you read.

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