Online Cricket Betting Odds Explained

by Shreya Mangal
| 24/08/2020

When betting on cricket, you'll encounter important terms like bets and match odds. Understanding these terms is critical if you want a successful online cricket betting experience. Read on, and find out the types of bets and how you can read match odds to your advantage.

Aside from the list of sports and events covered, a typical sportsbook section also lists a schedule of matches and a series of numbers, often in decimals or fractions. These are your cricket odds which tell you about the possibility of an outcome and expected payout. As an informed bettor, it's best that you place your cricket bets based on your reading of these odds.

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How to Read Cricket Odds

Although betting is a form of gambling, you can improve your chances of collecting a payout if you have access to tools and information. Cricket betting odds are an example of information that's readily available on a sportsbook and one that you can use. Often represented in decimals, the betting odds tell you about the probability that an event is happening.

Let's assume a cricket bookie line with India and Pakistan competing in a match. The line suggests that India has odds of 4.30 to win and Pakistan with 1.63. Also, the line offers odds for a 'Draw' that's set at 5.25. In this betting line, you have three betting options available: you can put your money on India, Pakistan, or a Draw.

If you bet on India to win and wagered 2,000 Rupees, it means that you can collect 3,260 Rupees if your prediction is correct. This translates to a profit of 1,260 Rupees (wagered amount x betting odds). This should tell you that the higher the odds for a team, the bigger the chances that you can collect the payout. However, in terms of chances of winning an event, a higher odds means that the team is at a disadvantage.

Types of Odds Formats

cricket betting oddsIf you're browsing and comparing online real money sportsbooks, you have probably noticed the different ways these odds are presented. The most popular ways of presenting these odds are in the form of decimals, fractions and the American (or Moneyline). Make sure you understand the difference between these three formats before clicking on the odds for your Bet Slip.

  • Decimals. This is the most common layout for your cricket bookie line. As explained above, your betting odds cricket entries are displayed in decimal, i.e. 1.75 or 9.0. Almost all Indian sportsbooks use this format because it's easy to use and compute for the payout.
  • Fractional.  As the term suggests, your cricket match odds are represented by fractions. The format is represented by A/B where B stands for your wager. The sum of A and B acts as the yield or payout. For example, if you bet 1,000 Rupees at odds 8/1, you collect payout equivalent to 9,000 Rupees.
  • American or Moneyline. This format is primarily used in sportsbooks that cater to US players. Here, the odds for the favourite team come with a minus (-) sign and the underdog comes with a plus (+) sign. For the favourite (-), the amount represents the amount of stake you need to win 100. The underdog odds, on the other hand, refers to the amount you can win for every 100 worth of wager.

The cricket betting odds are represented in different ways but in principle, they perform the same thing. You can use the cricket match odds to tell the probability of an event happening.

Cricket Betting Odds Tips to Keep in Mind

As a form of gambling, sports betting does not guarantee a win or payout. However, you can still improve your chances of betting by following tested tips and recommendations on how to place your bets in your chosen sportsbook. Listed below are some of the highly recommended cricket betting tips you can consider and follow:

  1. Know the sports betting lingo. The sports betting business is a unique industry, one that's filled with different terms and procedures. To improve your chances of betting, make sure you understand how the process works and the meaning of various terms. Understand how odds work, the different types of bets, and how to read the lines. Learning about the basics also means knowing how to navigate the sportsbook and placing your bets.
  2. Maximize the tools and resources offered online. You can enhance your betting experience by using all available resources at your disposal. For example, you can use our site to find highly recommended sportsbooks that accept real money bets on cricket. Once you have selected a sportsbook, you can use their tools and resources like scores, statistics, and guides on how to bet.
  3. Compare odds and cricket betting lines. A little information can go a long way in completing a successful bet. One step you can take is by comparing the odds and information on the betting lines. Remember, the odds don't just offer insights on who will win; online cricket odds will also provide information on your expected payouts. By reading and comparing cricket odds, you can find better value for your wager.
  4. Track your bets. This can help you manage not just your bets but also your bankroll. By tracking your bets, you can also study the records and previous results and look for ways on how to improve. Also, past results and performance of the teams can help you make informed choices on your next bets.
  5. Always take into account the weather conditions. Cricket is one of those games that can offer varied results based on the weather. For example, if there's a 50% chance of rain to happen, then the likelihood that it will end in a 'Draw' is high.

Betting on cricket is both fun and lucrative. However, the results that you'll get depends on your understanding of the game, the process, and the betting lingo. When you want to improve your odds of winning, make sure you read up and maximize all the tools and resources available for you, such as cricket betting guide and tips we prepared for you.

Make sure to use our website as your starting point for your online betting experience. As a leading online sportsbooks hub, we don't just recommend the best sportsbooks for cricket; we help you understand and appreciate the whole betting process.

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