The bets on IPL at office are placed as follows:
1. Every member betting selects a default ranking for the teams.
2. Every match, the members can select the winners, if no winner is selected, the default ranking will be applied as the bet the member is ready for.
3. Each member bets Rs 100 per match.
4. Depending on the odds (based on the bets placed), the winnings are distributed.
I have to say I am not doing too badly if I consider the amount I have made, I made just one wrong call, that of Deccan Chargers (against Kolkatta Knight Riders). I have made a total of Rs 665 and laid about Rs 500 as bets, so that’s a profit of Rs 165, not much, but then there are more than 40 matches left, so there still could be more to make (or lose, God forbid).