As the 2019 Indian Premier League kicks off, professional cricket trader Trevor (name changed) shares insights on how the IPL is the biggest money-earner for traders like himself. With billions of pounds bet legally on the tournament, Trevor explains how betting exchanges work and the role of Indian bettors in determining the volume of stakes. As a pro-trader, he reveals that the three biggest tournaments for earnings are the IPL, Big Bash, and an ICC event, with an average of 60 to 70 million GBP being traded per match.
eIPL: A Lucrative Betting Market for Professional Traders
The Indian Premier League (IPL) has emerged as a major money-spinning event for professional cricket traders like Trevor (name changed). With billions of pounds bet legally on the tournament, betting exchanges have become an integral part of the IPL ecosystem.
How Betting Exchanges Work
Betting exchanges operate differently from traditional bookmakers. Instead of accepting bets and setting odds, they create a marketplace where users can bet against each other. This allows traders to place bets on both outcomes of a match, increasing their potential for profit.
Role of Indian Bettors
Indian bettors play a significant role in determining the volume of stakes on IPL matches. With a vast population and a passion for cricket, India accounts for a large portion of the betting activity on the IPL. This has made the tournament one of the most popular and lucrative for betting exchanges.
Top 5 FAQs on eIPL Betting
1. What are the biggest tournaments for betting traders?
2. How much is traded per match in the IPL?
3. What strategies do professional traders employ?
4. Are betting exchanges legal in India?
5. How can I become a successful betting trader?
Background
The IPL was launched in 2008 and has quickly become one of the most popular cricket tournaments in the world. Its popularity has also led to a surge in betting activity, with billions of pounds being wagered on each match.
Professional traders like Trevor have capitalized on the opportunity presented by the IPL. By leveraging their knowledge of the game and betting markets, they have been able to generate significant profits from betting on the tournament.
Conclusion
The IPL has become a major money-spinner for professional cricket traders. Betting exchanges have played a crucial role in facilitating this activity, creating a marketplace where traders can bet against each other and potentially profit from the outcomes of matches.
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