How does cricket betting work?
Now that you have an idea of how the sports work, it’s time to know how to place a bet in a cricket tournament. There are several types of cricket bets you can place on online casinos. Below are some of the most popular cricket betting markets you can participate in. You may already know some of these cricket bets but you may also find something new to use in your cricket online betting journey in India.
Match Betting
Match cricket betting is the most popular but also the most straightforward form of sports betting. Here, you only need to pick whether the home team or the away team will win the competition. You can also place a bet if the match will end in a draw. Because of its simple mechanics, the match betting format appeals to many beginners.
Win toss and Toss combination
You don’t need to know the cricket rules and regulations for this betting. For the win toss bet, you just need to literally pick which of the team will win the coin toss at the start of the match. For the toss combination, on the other hand, you’ll not only pick which team will win the coin toss, but you’ll also have to predict if they are going to choose to bowl or bat first.
Completed Match
There are several factors that can influence the flow of the cricket tournament. In the completed match betting market, you are wagering on whether the match can be completed on the day that it is scheduled.
Innings Runs
This is A more advanced cricket betting market, here you are trying to correctly predict the number of runs that will be scored in the first innings. That’s so hard to make. For this reason, many cricket betting websites offer an over/under wager format. Here, the sportsbook will post a number of runs. The players then will bet on whether the actual score will go over or under the number that the cricket website gave.
Top Bowler/Batsman
For this cricket bet, you need to be familiar with the player with the skill of the cricket team. You need to select the top player who will take the most wickets or the one who will make the most goals during a match or series. This is more advance and difficult cricket betting, but when you manage to guess correctly, expect to receive high payouts.
Team of Top Batsman
This is easier to do than the previous betting market. Here, you just need to pick the team that you think the top batsman will come from.
Bowler/Batsman Match Bets
For this wager, the cricket website will give choices of two players to choose from. The goal of the player is to select the player that they think will score more runs for the batsman match bet. For the bowler match bet, on the other hand, you will need to choose from the two players who you think will take more wickets.
Tournament Outright winner
This is one of the most famous betting markets during a huge competition like the Indian Premier League IPL. This is a straightforward bet. You’ll only need to select which team in the tournament will be hailed as the winner.
Series Winner
The series winner bet is almost similar to the tournament outright winner. For this wager, you need to select the team which will come out at the top of the entire series.
Method of Dismissal
As the name suggests, the player needs to predict how the batsman team will end up dismissed. Typically, there are five instances that could stop their innings. A batsman can be caught, bowled out, run out, LBW, and stumped. But other instances may also happen. You need to pick the one that you think is how the player will be dismissed.
Odd/Even Runs
This is another straightforward cricket betting. You only need to select if the tam’s runs for a match are even or odd numbers.
Man of the Match and Player of the Series
These two titles are awarded in every series and match of major cricket tournaments. For this wager, you just need to select the player whom you think will receive the title.
How to read cricket betting odds?
If you are interested in cricket online betting, you need to know how to weigh the cricket odds. These betting odds tell the probability of the outcomes. It can also show how much you can win if you place the correct bet in a cricket match.
Now, you need to be familiar with the three types of odds in sports betting: the Decimal odds, Fractional odds, and American Odds. On many cricket websites, players can choose the way their odds are displayed. If you don’t how to do it, be sure to contact the customer service team.
Decimal odds
This is widely used on many cricket websites in India. As the name suggests, the odds are displayed in decimal. To know the probability of the team to win you just need to divide 100 by the odds presented by the sportsbook. For example, the sportsbook gave 1.64 to team A. This means that according to the page, Team A has a 67.98 percent or 68 percent chance to win outright.
As mentioned, you can also have an idea of how much you could win by looking at the decimal odds. For you to find out, you need to multiply the decimal odds by your bet. For example, you place Rs 1000 on Team A with 1.64 odds. So when team A wins the game, you can receive (1.64×1000) Rs1640. Take note that this already includes your profit and initial bet.
Fractional odds
As the name suggests, the odds in this format is in fraction form. But in some sportsbooks, they use a hyphen (-) e.g. 3-1 to show their odds. For you to easily understand the betting odds, you can look at this form as losses/wins. So a 3/1 betting odds simply says that in every 4 occurrences (3+1), negative outcomes can happen 3 times and a positive outcome can occur 1 time.
Let’s understand the payout structure then. The formula you should use is Fractional odds x Initial bets = profits. For example, you place Rs 1000 on a team with 3/1 odds.
In the above example, 3/1 equals 3. Here, you should multiply 3 by 1000 which gives you Rs. 3000 as profit. Furthermore, you can also get back the Rs 1000 bet you initially placed as a bet.
American odds
This type of odds is usually used in international cricket betting websites. This format uses plus (+) to indicate the amount won for every 100 unit bet and minus (-) to indicate how much you need to stake to win a 100 unit bet.
For example, in +300 odds, you would win 300 units for every 100 unit bets. On the other hand, you need to bet 150 units to win 100 on betting events with odds of -150.
