Odds In Cricket Betting – Cricket is the second most popular sport in the world, with football being the first. Surprisingly, this sport is not very popular in the US. However, it is a big deal in India and Australia, where the countries have their own prestigious cricket leagues that are followed by fans from all over the world.
With more than 2.5 billion fans worldwide, it goes without saying that cricket betting is also big. If you arenew, here is a comprehensive guide that will show you the ropes of cricket laws.
Odds In Cricket Betting
There are currently three formats of cricket that are accepted and played professionally around the world. The International Cricket Council is the regulatory body that decides the rules and regulations for each sport. They also provide match officials for each match.
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There are accepted formats in professional cricket. Each format follows the same fundamentals, but differs only in the length of the presentation.
Test cricket is the oldest form of cricket. It is believed to have been played since 1877. Some people also refer to this format as ‘Traditional Cricket’.
The test game is played the longest and is also considered the highest standard among the three formats of the game. In this format, two teams of 11 each play a match with four overs. It can take up to five days or even more.
, are played at a faster pace than Test matches. They began professional contact in 1971, but gained popularity only in the 80s.
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In the ODI format, two teams face each other with a fixed amount of overs (currently the amount is set by the ICC 50). One innings per side is played and the game can last up to eight hours.
Twenty20 or simply T20 cricket is the newest format of cricket played in many professional leagues. Of the three currently accepted formats, T20 is the shortest in terms of game length.
This format became the most popular in India. It also enjoyed huge popularity in South Africa and Australia. What sets this format apart is that it has become a franchise form of the sport, with some of the world’s biggest professional cricket leagues playing in this format.
In-play betting means that betting on cricket means that you can place bets during the match. This is also called live betting, which means that you bet your money during the match, not before.
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As in-game betting becomes more and more popular, more and more online bookmakers begin to offer it on their sites or apps. If you think it might interest you, check with your bookie to see if it is something they offer – and they probably will.
As with all sports gambling that you can bet on, cricket betting uses different types of odds. Regardless of the format of the odds, it usually means only one thing – it indicates the probability of an outcome occurring against another possibility. Apart from that, the odds also give you an idea of how much profit you can make if you win the bet.
Here are the three different types of odds used in cricket betting and how to read them all.
Decimal coefficients, as the name suggests, are written in decimal format. To read these types of odds, multiply the money you bet by the odds and that would be the amount you can win if you bet your money on the winning bet.
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These types of coefficients are written as fractions. It is often used in games played in the UK. The numbers usually represent the amount you can win (the numerator) for each amount you bet (the denominator).
So the example odds of 10/5 means that if you win the bet, you can earn $10 for every $5 you bet.
American odds, also known as Moneyline odds, are odds that fall into two categories: Favorites and underdogs. Favorites are marked with a negative (-) sign, while underdogs are marked with a positive (+) sign.
Regardless of the sign, the money line odds show how much you can bet for $100. So, if you bet on favorites with odds of -200, it means that you can win $200 for every bet of $100.
How To Read The Odds When Betting On Cricket
There are different betting markets in cricket and each of them can offer you a different way to bet. Each brand also has the potential to offer a higher profit margin.
A league bet is a bet on the outcome of the entire competition, as opposed to a regular match bet. The profit is usually higher, although the risk is equally high.
The direct tournament winner bet refers to the bet on who will be the winner of the tournament. Odds usually include top favorites as well as personal fan favorites.
The position of the bowler is something you can also bet on. With the help of statistics of popular bowlers available online, you can predict which one can be awarded at the end of the tournament.
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Series betting refers to betting on the results of a series of games, not just betting on a single game. The series can last up to five games.
The winner of the series is the team that has won the most matches. Normally it would be three games out of five.
A streak score bet is where you bet on the total score after the streak ends. Bookmakers usually provide options for this bet, so you can easily make a choice.
Match betting is the most common betting in cricket. This is a straight bet because you are only predicting which team will win – or if you think it will be a draw.
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In a match bet, you simply bet on who you think will win the match – regardless of the score or point difference.
Since a cricket match can be so long that one day is not enough, it is also possible to bet whether it will be finished on the same day or not.
This is another simple and straightforward type of bet. In a yes or no question, you bet on whether you think the game will end in time.
If you bet on an innings, you must predict the number of runs scored in the first innings of the match. Most bookmakers do this for over/under bets.
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Player bets refer to bets placed on a specific player on a team or the team a player belongs to, with most bets settled at the end of the streak.
Man of the match can be in any position as long as it is someone who has made the most remarkable play or given the most memorable scene in a match or series.
The Top Bowler bet allows you to predict the bowler who will score the most wickets in a match or an entire series.
You place your money on which batsman you think will score the most wickets in a match or the entire series.
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This is similar to the best bowler bet, but in this case you only bet on which team the best bowler will be out.
However, it is equal to the best hitter bet. In this case, you put your money on the team with the best hitter.
Other bettors call it an easier top bowler bet. Bookmakers offer you a choice between two players and you must choose who you think will take the most wickets in a match or series.
Similar to betting on a bowler game, betting gives you an opportunity between two players. You then pick who you think will score the most runs in the game.
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The supply bet, unlike other types of bets, is not tied to the outcome of a match or series. Rather, these bets are tied to certain specific things within the game.
Over / Under bets you can predict whether the team’s total score at the end of the match will be above or below the bookmaker’s numbers.
This is technically just a coin toss bet because you are betting on which team will win the coin of the game. It’s a fun bet for some, but with a 50-50 chance, some don’t actually prefer to bet their money on it.
Odd / Even Runs you bet on whether a team’s runs in a match would end on an odd or even number. If it happens to be 0, it is considered an even number.
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It is mostly for live prediction. In this bet you predict how the batsman will be dismissed at the crease.
Like any other sport you have two ways to make money in cricket
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