T20 World Cup 2024 Winner Predictions, Odds & Favorites: Can South Africa Go All the Way?

As the 2024 T20 World Cup reaches its final stages with the knockout games, there are three teams remaining in the mix and one winner left to be crowned. South Africa have booked their place in the final and will be joined by the winners of the clash between India and England in Guyana. India are favorites to win the title at this point, having just missed out in the 2023 ODI World Cup back home, where they lost to Australia.

South Africa, meanwhile, have an eye on history after reaching their first-ever final, beating Afghanistan by a big margin. The Rashid Khan-led Afghanistan themselves made a memorable entry to the semi-finals at the expense of Australia after beating the ODI champions in a shock result.

Check out how the T20 World Cup 2024 odds are looking at this point.

2024 T20 World Cup Winning Team Odds

Odds from FanDuel Sportsbook. Click the odds in the table below and head to FanDuel to place your bets: Bet $5, Get $250 in Bonus Bets if Your Bet Wins.

Which Team Has the Best Odds of Winning the 2024 T20 World Cup?

India (+550) at FanDuel

Having entered the semi-final, India would back themselves to go all the way in the T20 World Cup. India are one of the strongest sides in the world and boasts of a quality arsenal. In Jasprit Bumrah, Arshdeep Singh, Hardik Pandya, and Axar Patel, they have the strongest bowling attack in the competition. They also have Ravindra Jadeja and Kuldeep Yadav, both of whom haven't been used much so far. 

India are undefeated so far in the tournament and have looked their daunting best with the bowling in top form. With batters like Rohit Sharma, Virat Kohli, Suryakumar Yadav, Rishabh Pant, and Hardik Pandya, India have a well-rounded unit more than capable of putting up big totals. India would be the team to beat in these last two games and are favorites to win the title now.

Bet on India (+550) at FanDuel

South Africa (+1300) at FanDuel

The Proteas made it to their first-ever T20 World Cup finals and has been on a winning spree this tournament. They have won eight matches on the trot, most of them narrow wins, and hadn’t looked their best until the semi-finals, when their ruthless bowling attack bowled the Afghanistan team out for 56.

They have never won an ICC trophy and they would back their current stars to create history in this tournament, especially after breaking their semi-final jinx. They will face the winners of India and England match and while it remains a stern test, Aiden Markram and his men would hope to create history.

On paper, they have an outstanding batting unit but the form of their top order is a concern. The middle order of Tristan Stubbs, Heinrich Klaasen, and David Miller is perhaps the best in the competition. In the bowling attack, they have Anrich Nortje, Marco Jansen, Kagiso Rabada, Keshav Maharaj, and Tabraiz Shamsi in great form.

Bet on South Africa (+1300) at FanDuel

England (+1300) at FanDuel

England are the defending champions but they had an unfortunate start with a washout and a defeat. But a dominant victory over Oman has put them in good stead. They had to rely on other results to progress to the next round, where again they sneaked through to the semi-finals by the barest of margins. 

England has some terrific hitters in Jos Buttler, Phil Salt, Will Jacks, Jonny Bairstow, and Liam Livingstone. In the bowling unit, Jofra Archer gives them a huge boost while Reece Topley, Mark Wood, and Adil Rashid will be crucial too. While they have not hit peak form this tournament yet, do not rule out this team going all the way in the end.

Bet on England (+1300) at FanDuel

How to Place T20 World Cup Bets Online?

The T20 World Cup offers bettors a solid opportunity to place cash and win big with the tournament’s format particularly enticing for futures bets. Once you decide to plunge in, it’s desirable that you head over to check some of our recommended mobile sportsbooks.

If you are in a state where sports betting has been made legal, pick a favorite sportsbook, go ahead to register with them, ensure you have a banking method in place and place you calculated wagers.

It is also recommended to check your options across multiple sportsbooks to pick the right one in order to place your bet.

On sites like FanDuel and BetMGM, there are welcome bonus offers that you can utilize to place bets and win rewards. Make sure you check the terms and conditions to not waste any of the bonus amount that a sportsbook gifts you.

How to Choose the Best Sportsbook for Betting on the T20 World Cup?

T20 World Cup tournament winners and long-term bets fall under the category of “futures” bets, where the rewards are available only after a period of time. 

Move to the cricket section of your favorite sportsbook, which is also a recommended one, and head over to the futures tab to see the options you have. T20 World Cup winner bet is the most common one you’d find on any platform you choose.

Futures bets would also include bets on the tournament's top run-scorer or wicket-taker and also bets on the top batters and bowlers of each of the 20 participating teams.

How to Choose the Best Sportsbook for Betting on the T20 World Cup?

Picking and choosing the right platform to place your bets on could make or break your wager. So ensure you diligently check the different recommended sportsbooks and identify which one offers better odds for the bet you want to place. Most sportsbooks come with their own sets of pros and cons, and it is recommended that you verify the terms and conditions, welcome bonuses, and other rewards before pinponting on a sportsbook. 

T20 World Cup Winner Odds

Sportsbooks differ in their odds for futures bets with the period of it being relevant being longer. This means that while the bettor has multiple sportsbook options to look for the most profitable odds, they also check closely to see what each platform offers.

Welcome Bonus

Sportsbooks are known to entice users with special sign-up deals and bonuses to new users and some of them could be particularly useful for a certain user. For instance, on FanDuel, you get $200 in bonus bets after placing a $5 winning wager. There are also sportsbooks that offer insurance for your bets and guaranteed prizes to encourage users to place bets. It is again recommended to check the full terms and conditions to not miss out on any of the offers a sportsbook gives you.

Payment Options

Always ensure that there is a clear exit plan when placing a bet. Basics, right? But it is key to make sure that a preferred sportsbook has your preferred mode of payment in place before you place a bet and add money to your wallet. Check our in-depth guide for sportsbook payment methods for more details.

*Bonus Bets Expire in 7 Days. One New Customer Offer Only. Add’l terms.

T20 World Cup Betting Markets and Kinds of Odds

Futures Bets

Futures bets are wagers placed on outcomes that will not be determined until some distance into the future.

T20 World Cup Futures Markets

Aside from the tournament winner, the T20 World Cup futures market has options for Group winners, top run-scorer, top wicket-taker, and more.

Moneyline

The most basic bet in any sport is for predicting the winner of a game or player. This is relevant for even cricket and in the T20 World Cup, you can choose to bet on the winning team. With a 20-team tournament, if you have a good eye for an upset win, check across sportsbooks to see which one offers better odds before picking a minnow winner to win major rewards.

Prop Bets

Prop bets are a sidekick to real outcome of a game and are often done for events in the game. In cricket, these are done for a player scoring a fifty or another player winning the Player of the Match or a team scoring a certain amount of runs in the first over.

Over/Under (Totals)

Another common kind of market in sports is the Over/under one where you can predict if a player would score over/under a certain amount of runs or if a bowler would take over/under a certain amount of wickets. Bettors can also predict final scores of teams and if it would be over or under a certain total.

Parlays

Parlays are combinations of bets and offer greater flexibility and much better payment rewards if you get the wager right.

Best Strategies for T20 World Cup Betting

The best strategy when betting for tournament winners in an event like the T20 World Cup is to look at the form of key players of the main teams. Often, despite being a team sport, the chances of a team inevitably depends on the form of its individual players. 

Over the last couple of years, India and Australia have the strongest teams across formats in cricket. This is evident from the number of finals these two teams have played against each other. Hence banking on players from these teams or the team itself for the title win is highly recommended.