Skipper Sam Masters got the Parrys International Wolves off to a great start, taking the first heat as the Monmore men went on to wrap up a 49-41 win.
Wolves went into the clash in second place in the Premiership, just one spot ahead of the Witches but roared on by their home crowd, were able to open up a gap over their visitors from Suffolk.
Masters top scored for the home side, registering 12 points, backed up admirably by Rory Schlein who collected 10+1 with some thrilling rides to wow the Monmore faithful.
The victory means Wolves are breathing down the necks of leaders Belle Vue. The top two go head-to-head in what promises to be a thrilling bank holiday double-header next Monday.
WOLVERHAMPTON 49: Sam Masters 12, Rory Schlein 10+1, Steve Worrall 7+2, Ryan Douglas 7, Zach Cook 5+1, Leon Flint 4+2, Craig Cook 4.
IPSWICH 41: Jason Doyle 14+1, Emil Sayfutdinov 9+2, Danny King 8, Ben Barker 4, Keynan Rew 3+2, Danyon Hume 3, Joe Thompson 0.