Everything You Need to Know About Cricket Betting Odds

All You Need to Know About Cricket Betting Odds

If you want to place your first bet for cricket and have high chances for success, you should get to grips with the subject of cricket odds. Read further to learn more and become a specialist in this field. We will speculate on how the odds work with real examples. Also, you will see which strategies are the best for winning more. 

Types of Cricket Bets and Their Peculiarities

To choose the most relevant variant, you have to understand the benefits of each bet type and the statistics. Here are the main cricket bets and the rules of their usage:

• Betting on the outcome of the match (Match Winner). The simplest option. For example, in a T20 match between England and Pakistan, the odds on England winning the match are 1.90 and Pakistan winning the match are 2.10;

• Top Batsman/Bowler. It is important to analyse the statistics here. If Rohit Sharma has odds of 4.50 to be the top batsman and his average score for the season is 60 runs per match, this bet can be favourable;

• Total Runs (Over/Under). The bookmaker sets a line, for example, 320.5 runs in a match. If you bet on Over, the teams must score 321 or more runs in total. Odds for such outcomes are usually close to 1.90.

What are Odds for Cricket? 

Coefficients (odds) are the numbers which show the possibility of some event outcome. They also demonstrate how much you will win for a successful bet. There are three odds formats:

• Decimal (Decimal) - popular in Europe and Asia. The simplest format. To calculate your winnings, multiply the bet amount by the odds. For example, a 2.50 odds means that a $10 bet will win $25 (including the original bet);

• Fractional - used in the UK, for example 5/2 means that betting $2 will give you a net profit of $5;

• American (Moneyline) - used in the USA, where a +200 multiplier means that a $100 bet will win you $200.

For instance, if you want to place a bet on the match between India and Australia, and a bookmaker offers the following  odds: India wins - 2.20, Australia wins - 1.80. If you bet $100 on India, you will win $220 (100 × 2.20). If you bet on Australia, you win $180 (100 × 1.80).

How to Analyze Odds and Find Attractive Bets

To win more from betting, you should not just lean on your intuition. Players analyze odds and choose those that will bring more winnings.  Bookmakers utilize complicated algorithms for their counting,  but an attentive bettor will be able to find underestimated odds and increase your chances of winning. Here are a few key techniques to help you understand the odds and find the most promising bets.

1. Compare odds from different bookmakers. Different bookmakers may offer different odds for the same match. For example Bet365 offers 2.00 for Australia to win, while 1xBet offers 2.10. If you bet on 2.10, you will make a higher profit.

2. Watch the movement of the odds. If the odds drop sharply, it means that a lot of people are betting on this outcome. This could mean insider information or a change in the team line-up.

3. Consider the weather. In cricket, rain can lead to a draw, increasing the chances of a bet being returned or the odds on a draw being lowered.

4. Use statistics and analytics. On a pitch in Chennai, the average total of runs is 320. If the bookies are offering 280.5, you can consider a ‘over’ bet.

Your success in cricket betting depends not on luck, but from the ability to analyze data and find profitable odds. 

Concluding Thoughts

The conscious bettor on cricket must look in deep and fully understand the odds. It is possible to win if you see the difference between odds, their formats, and find better offers. Different bookmakers provide different odds for one and the same match, and higher odds increase potential winning.