When to Use Each-Way Bets in IPL Betting at Saffronexch
Saffronexch, 99 Exchange: Betting on the Indian Premier League (IPL) is not only exciting but also offers a variety of betting markets to explore. One such market is the each-way bet, a popular option among bettors looking for safer alternatives with potential for returns even if their full bet doesn’t win. While each-way betting is more common in horse racing, it is gaining traction in cricket, including IPL betting, especially on platforms like Saffronexch.
In this blog, we’ll explore what each-way betting means, when to use it in IPL betting, and how to make the most of this type of wager on Saffronexch.
What is Each-Way Betting?
An each-way bet is essentially two bets in one:
- Win Bet: You bet on a team or player to win a particular market.
- Place Bet: You also bet on the team or player to “place,” meaning they must finish in a certain position, which can vary depending on the terms of the bet.
For example, in IPL betting, you might bet on a team to win the tournament or a player to be the top run-scorer. The “place” part of the bet could pay out if the team or player finishes within the top 2 or top 3, depending on the bookmaker’s terms.
Here’s how the bet works:
- If the team/player wins: Both your win bet and place bet pay out.
- If the team/player places (finishes second or third, for example): Only your place bet pays out.
Each-way betting is particularly useful in situations where the outcome is uncertain but you feel confident that the team or player will perform well.
How Does Each-Way Betting Work in IPL on Saffronexch?
Saffronexch is a well-known betting platform that offers a range of IPL betting markets, including each-way bets. Here’s a step-by-step guide to understanding how each-way betting works on this platform:
- Create an Online Cricket ID: Before you start betting, you’ll need to sign up for an online cricket ID with Saffronexch. This ID gives you access to all betting markets, including each-way bets.
- Choose the IPL Market: Navigate to the IPL section on Saffronexch. Look for markets where each-way betting is available, such as betting on top run-scorer, top wicket-taker, or even outright winner.
- Place an Each-Way Bet: When you place an each-way bet, you are essentially placing two bets of equal value. For example, if you bet ₹100 each way, ₹100 will go towards the win and ₹100 towards the place.
- Wait for Results: If your team or player wins, both parts of your bet pay out. If they place (as per the bookmaker’s terms), only the place part of your bet wins.
When to Use Each-Way Bets in IPL?
Each-way betting is not suitable for every IPL match or market. Understanding when to use this type of bet is key to maximising your profits while managing risks.
1. Outright Winner Bets
One of the most common uses of each-way bets in IPL is when betting on the outright winner of the tournament. Since the IPL is highly competitive, it’s difficult to predict the outright winner early in the season. However, an each-way bet allows you to back a team that might not win but could still reach the final or semi-final.
Example: If you place an each-way bet on Rajasthan Royals to win the IPL, and they make it to the final but lose, the “place” part of your bet will still pay out.
2. Top Run-Scorer or Top Wicket-Taker
Another excellent market for each-way betting is top run-scorer or top wicket-taker. Predicting who will end up as the top run-scorer or wicket-taker is challenging due to the number of matches played, but there are often a handful of players who consistently perform well.
Example: You might place an each-way bet on Virat Kohli to be the top run-scorer in the IPL. If he finishes in the top three but doesn’t win, the “place” part of your bet still pays out.
3. Betting on Underdogs
Each-way betting is particularly useful when betting on underdogs. IPL teams like Punjab Kings or Delhi Capitals may not always be favourites, but they are capable of making it to the playoffs. With an each-way bet, you can still earn a payout even if the team doesn’t win but finishes in a top position.
Example: You place an each-way bet on Delhi Capitals to win the IPL. If they reach the semi-finals or finals, the “place” bet gives you a return even if they don’t take home the trophy.
4. In Long-Term IPL Markets
Each-way bets are also valuable in long-term markets like tournament winner or tournament MVP. These bets span the entire IPL season, and because the outcome can be uncertain over such a long period, each-way bets provide an opportunity to hedge your risk.
Tip: When placing long-term each-way bets, look at teams or players with consistent performance throughout the season rather than just current form.
Benefits of Using Each-Way Bets in IPL
Each-way betting offers several advantages for IPL bettors, particularly when dealing with unpredictable outcomes:
1. Risk Management
With each-way betting, you reduce your risk because even if your selection doesn’t win outright, you can still get a return if they place. This makes each-way betting an attractive option in markets where the competition is fierce, such as the IPL.
- Less risk: You don’t need the outright win to make money.
- Potential for returns: Even if your team or player doesn’t win, they can still finish in a place position to give you a payout.
2. Higher Payouts for Underdogs
When you bet on an underdog, the odds are typically higher, but the likelihood of them winning is lower. An each-way bet allows you to bet on underdogs with higher odds while reducing the risk.
- Better returns on underdogs: You get a safety net if the team or player performs better than expected, even if they don’t win.
3. Flexibility in Betting
Each-way bets offer flexibility, especially in unpredictable tournaments like the IPL. They allow you to bet with confidence knowing you have multiple ways to win, whether your team comes first or just places in a favourable position.
Tips for Placing Each-Way Bets in IPL at Saffronexch
To make the most of your each-way bets, here are a few key strategies to consider:
1. Research Player and Team Form
Before placing an each-way bet, always research the form of the team or player. Check their recent performance, especially in IPL matches. Consistent teams and players are ideal candidates for each-way bets because they’re likely to perform well, even if they don’t win outright.
2. Consider the Competition
When placing each-way bets, especially on top run-scorer or top wicket-taker, consider the strength of the competition. Is there a dominant player in form, or is the field more open with several potential winners? An open field makes each-way bets more appealing.
3. Understand the Terms
Each-way bets come with specific terms regarding what constitutes a “place”. Some bookmakers might offer a payout for the top 2, while others might include the top 3 or top 4. Always check the each-way terms on Saffronexch before placing your bet to ensure you understand the place conditions.
Conclusion
Each-way betting is an effective strategy for IPL bettors looking to balance risk and reward. By placing an each-way bet on Saffronexch, you increase your chances of winning even if your team or player doesn’t achieve outright victory. Whether you’re betting on the outright winner, top run-scorer, or an underdog, each-way bets offer flexibility, risk management, and the potential for higher returns.
Remember to always research the teams and players, understand the market, and read the terms before placing an each-way bet. With a well-thought-out approach, you can enhance your IPL betting experience and potentially enjoy more frequent payouts.