How To Understand Betting Odds In Cricket

  1. All cricket betting markets work the same way with each runner (team/player/number of runs) being assigned odds on them happening. An important thing to remember is that pre-match cricket betting odds change a lot less than live odds. In the build, up to a match, the odds could change a bit based on such factors as team news, or the weather.
  2. How to Understand American Odds. If you're new to sports betting, the odds are usually listed in one of three ways: American; Fractional; Or Decimal; American odds work a little differently to the others. The odds for a favorite team to win the game are usually listed with a '-' sign, which indicates the amount a better would need to bet to win.

So the probability of either one of the result to happen, say 5, is 1/6, which is 16.67 in the decimal form. Let us understand how this is used to calculate the betting odds. Fractional format. How is the likeliness of an outcome calculated? Probability is typically calculated in terms of percentage for ease of understanding and simplicity. Thinking of getting into live cricket betting? Click here to understand how cricket betting odds work and the different cricket betting options you have.

Understand

When you bet on cricket, you've got lots of different permutations to bear in mind. You need your betting to be well-informed and focused, but you also need to have fun while you're putting money on sport. That's why we've prepared this guide to all the different kinds of lines and odds you can find, which are potentially productive for you when betting on cricket.

Three-Way Betting

Three-way bets are a great way to make sure you get at least some sort of payout from a cricket match, even if your chosen team doesn't quite make it to the result you hope for. Essentially, you're placing bets on a team winning, losing and drawing a match. Here's an example, to show you what we mean.

Let's say England is, in your mind, likely to win a test match against India, but you're not 100% sure it will work out how you thought - in which case, a three-way bet is a good wager to make. Put money on a three-way bet, and you've bet on England to either be the winner, the loser, or to draw any given match. The rewards are lower, as are the risks - but it offers an insurance on your deposit.

Double Chance Bets

If you like to back the team that is second-favourite to win, but you aren't sure the result you have predicted will actually happen, Double Chance betting gives you, as the name suggests, another chance at a win, given that it covers not one, but two, possibilities.

This bet means you're putting money on both a win and a draw for one particular team, so that you will get a return for everything except a loss for that team. It's another insurance policy against daring betting, if you think just betting on an outright win for that underdog is too risky.

If you think, for example, Pakistan to win a test match against India, is offered at good-value odds, but you want to make sure you'll get something even if both teams do not take twenty wickets or the match is abandoned, this bet will ensure that happens.

Draw No Bet

Draw No Bet is a popular option because it offers bettors a get-out clause if their chosen bet does not come to fruition. This is because a draw will mean the stake is returned. This is great in a test cricket match, because this is the one form of sport where a match can take place for five days, and still end in a draw. Equally, bad weather or poor bowling can mean that a dominant team still ends up drawing from a winning position.

If you think England can beat Australia in an Ashes test, but you're not certain you'll get this result, placing your stake on Draw No Bet means that if England win, you get the return offered by the bookie, but if the match ends in a draw, you still get the money you deposited back. In the event of an Australia win, you'd lose your stake - but that's the only losing possibility. This betting market takes out some of the risk, but none of the excitement, from cricket betting.

First Dismissal Betting

Maybe you've studied the opening batsmen for the team you're watching, and noticed that six of his last seven dismissals were for Leg Before Wicket, or that he leaves his stumps unprotected too many times by going for crazy pull-shots. If so, this betting market is for you.

First Dismissal covers the player who is the first to have his wicket taken. This is obviously the number-one or number-two batsman - this means you've only got two players to monitor on a team when you're formulating your betting strategy. Check their stats and scorecards over the past few matches, to see if the player is being out-thought by bowlers on some basic part of his game.

As ever, knowledge is power. For example, when he used to open the batting for England, a lot of Andrew Strauss's early-career dismissals were for overly-aggressive pull-shots. Although these were often caught, they could also result in him being bowled, or in an LBW. This information helps you decide your betting strategy.

Opening Partnership Betting

Betting on Opening Partnership is an Over/Under bet. This means you're placing a bet on the possibility of a total number of runs being over or under a predetermined figure. If you bet England's two openers against Australia to score less than 33.5 runs, for example, and the number-one and number-two batsmen scored 12 and 20, you'd win the bet if you said 'under'.

This is another great wager for if you're watching a match and betting in-play. Maybe the match on the screen isn't the most exciting - but by predicting the number of games, you can amp up the tension, and make that bit more 'at-stake' for you and your fellow bettors. Simple to understand, this market also swings on the knowledge you have of players and how likely they are to get good scores, based on their opponents and their records in previous matches.

Top Batsman Betting

There are two kinds of Top Batsman bet - there's the one for a specific team, and for the whole match, too. The bet based on a specific team relies on your knowledge of only one of the participants in a cricket match. That means the risk is reduced, but so too are the odds.

If you're more confident in your knowledge, you can also bet on the top batsman in a match, for both competing teams. The odds are more attractive here - but obviously with the possible picks being doubled, there is more chance of you leaving the bet with nothing to show.

What to do? Spread your deposit. That way, if, for example, Steve Smith is the top Australian batsman in an Ashes test with 121 runs across two innings, but Alastair Cook out-scores him, again across both innings, by four runs, you will still win for Smith as top Australia batsman, even though you lost for your bet on top overall batsman.

Exactly the same odds fluctuation and risk applies to Top Bowler betting.

Any Century / Any Double-Century Betting

This is an interesting betting market, as it relies on a batsman - any batsman - scoring 100 or 200, depending on the bet you choose to make. You can place the bet before the match starts, but with cricket being so dependent on weather and pitch conditions, you might find that as the match starts, you see bowlers' best deliveries being swatted all over the pitch, and conclude that a big score is going to happen.

If this is the case, you have a decision to make, and an in-play bet might be advisable. Someone who watches a lot of matches, and has an eye for strike rates and batting averages, can see pretty quickly whether a batsman is on-form or not, however, it's always possible that player will be outfoxed by a crafty bowler even on the friendliest of pitches, and herein lies the risk.

Keep your deposits to safe levels, and be aware of the level of risk against the level of possible reward, and you might just have a winning bet on your hands.

Cricket Betting Odds

Few things are quite as essential in the world of sports betting than betting odds. These little pieces of information are a fundamental part of making a wager on the latest cricket matches or other events, as they are key to helping you decide the benefits of actually making the bet.

The value of any winnings you secure is dependent on not only the money you wager but the odds on offer, so here we have provided a few key pointers on what you need to understand in relation to cricket odds.

How To Understand Betting Odds In Cricket Match

Cricket Odds Example: How do odds work?

How do odds work? It’s simple, really. Let’s look ahead to the T20 World Cup in Australia in 2020 and use an India against Bangladesh game as an example.

Odds for that match would be displayed as something like this: India to win 1.20, Bangladesh to win at 5.00 and the draw at 12.00. You can also choose to see odds in the fractional format too.

Decimal odds include the stake in the number you see quoted, while in fractional odds you need to add it yourself. For example, 1.20 = 1/5, 5.00 = 4/1, and 12.00 = 11/1.

To work out your winnings, you just multiply your stake by the odds. A a ₹2,000 bet on India at 1.20 would return ₹2,400 (2,000 x 1.2).

If you are using fractional odds, you would find your winning returns and then add your stake - so the sum for the same wager would be ₹2,000 x 1/5 = 400 + 2,000 = 2,400.

That's it - you now know how odds work!

Learn to Read the Odds

As we have highlighted, understanding cricket odds or odds related to other sports is not hugely complicated. However, the real skill lies in being able to quickly assess the range of odds on offer to make the right decisions when it comes to your betting.

How To Understand Betting Odds In Cricket

The purpose of this page is to give you an idea of the best cricket odds available on a number of sites as we want you to be able to compare what is being offered by different brands. Why? So you can maximise any potential winnings by going with the best offer available.

Why the Odds Really Matter

Let’s look at this a little further to fully explain what we mean. If you were to stick with only making bets on a single site, you may enjoy plenty of success. However, what if other sites are actually offering higher cricket odds than your brand of choice?

How To Read Betting Odds

Being able to assess odds from different sites gives you a clearer picture of the playing field and means you can hand-pick the best odds which will ultimately ensure you secure the highest winnings. Doing this could have a host of benefits, with a fundamental one being that your winnings will overall be higher. Put simply, checking odds from a range of different brands on a site like this just makes sense.

Shop for the Best Cricket Prices

It is a simple truth that when it comes to money, we all want a good deal. Whether you’re shopping for gifts or just to get some new clothes, it is understandable that you want your hard-earned rupees to go as far as possible – so why should it be any different with cricket betting?

How To Understand Betting Odds In Cricket Score

Finding the best cricket rates is a lot like shopping around for the best deal. After all, you assess your options and ultimately make a decision on which would provide the biggest benefits in the long run. That is why you should not limit yourself to simply betting on one site, but instead look at odds across the board to make key decisions going forward.

How To Understand Betting Odds In Cricket World Cup

Best Places for Cricket Betting Odds Online

Cricket’s reputation and popularity across the world mean it is a key part of the sports betting services offered by a host of sites. However, answering the key question as to which provider is the best for cricket odds is not so simple.

How To Understand Betting Odds In Cricket Match

There are no hard and fast rules when it comes to cricket betting, and that means that no sites are specifically better than others. This is why it is important to keep your options open and look at the bet that you are considering from all possible angles – and that means having a clear understanding of the odds available and where you can get them.