Indian Premier League (IPL) is an annual T20 tournament, organized by BCCI every year. Generally, it happens between the start of April to the end of May. Last year, 2020, due to the covid-19 pandemic, the IPL matches were being placed in Dubai, Sharjah, and Abu in UAE. In 2008, the BCCI Vice president, Mr. Lalit Modi started IPL.
The main purpose of the commencement of IPL was, the stunning performance by the Indian T20 team in 2007. In 2021, the Indian Premier League or IPL back in India, and all set to be arranged in Ahmedabad, Kolkata, Chennai, Mumbai, and Delhi. You can follow the news on the website ipl2021.org.
How Does IPL Work?
If you are a T20 cricket lover or especially you love IPL, you must know how does the Indian Premier League work. Moreover, if you belong to the betting community, it is going to be very helpful. Let’s see the arrangement of the IPL in two parts.
How The Teams are Being Selected?
There is an annual player auction that takes place. There all the players, both Indian and overseas, participate with a fixed base rate. However, during the auction, it depends upon the franchises how much they can go far for the players. When the bidding starts, each team has to take 19 to 25 players for the team. Each team can accept only 8 players from overseas or less. At the end of the auction, all the players will be in a contract with the team. It depends on them whether the players will play for the next year too or not.
While setting the team for the matches, within the XI players, a maximum of 4 overseas players can be added.
What is The Format of IPL?
There are a total of 8 teams playing in IPL. Each of the teams is representing a city name of India. Like Kolkata Knight Riders, Chennai Super Kings, Mumbai Indians, and so on. These 8 teams will play two matches against each other, and 14 altogether in the league phase. One match is played in the home ground of that team whereas the other one is away. The Double Round Robin method is being applied here. The last 4 teams on the table will be eliminated and the top 4 teams will qualify for the playoffs. In the playoff matches, the top two teams will play Qualifier 1, which means if any of them lose that game they will get another chance to cement their place for the final clash. On the other hand, no.3 and no.4 teams play the eliminator, and the winner in that game will face the loser of Qualifier 1, in Qualifier 2. The team that wins Qualifier 2, qualify for the final along with Qualifier 1 winner.
How Much Money Does the Indian Premier League Make?
It’s of many. Everyone is interested to know how much money does Indian Premier League make in a season? The average value that IPL earns in one season is about $500 million. Starting from auction to winning prices, everywhere you can see a big figure. The franchise who are buying the teams, lending money on the game. Reliance Industries itself invests more than $111 million every year.
That’s how everything goes on in IPL. We hope the rules are clear to you.