Understanding cricket betting odds is crucial for those looking to earn income from cricket betting while playing from home. Different markets have different odds, and by observing how the odds fluctuate, you can identify the most valuable betting opportunities. This article will guide you on how to analyze the odds changes and find the most valuable odds to place your bets.
What Are Cricket Betting Odds?
In cricket betting, the odds show how much money you can win if your bet is successful. When two teams play, one team usually has higher odds (underdog) and the other has lower odds (favorite). These odds balance out the gap between strong and weak teams, making the betting more exciting.
How Do Cricket Betting Odds Work?
The odds shown in cricket betting can change due to the following reasons (odds usually updated every 5–10 minutes):
- Player Betting Trends: The way players are placing their bets and how the total money is distributed can influence the odds.
- Team Situations: Changes in the team lineup, like who’s playing or if a key player gets injured at the last minute, can affect the odds.
Bookmakers (the “baap of betting”) adjust the odds based on these factors. Usually, the team getting more bets will have lower odds because it’s considered the favorite.
Types of Cricket Betting Odds Explained
When you visit a betting site, you can choose from different formats of betting odds: Decimal, Fractional, and American (Moneyline). These odds may seem difficult to understand for beginners, but with some learning, you can comprehend the meaning behind each type and how to make the best bets for yourself.
Decimal Odds Explained
Decimal odds are one of the most popular formats globally, especially in Europe, Canada, and Australia. They are easy to understand and show you the total amount you will win, including your original stake.
Decimal odds show the total payout for every unit bet (stake + profit). For example, decimal odds of 2.50 mean that for every 1 unit wagered, the total return will be 2.50 units (1 unit stake + 1.50 units profit).
Example:
- Odds: 3.09
- Bet: 100 units
- Total Return = 100 units x 3.09 = 309 units (100 units stake + 209 units profit).
Moneyline (American) Odds Explained
Moneyline odds are mostly used in the United States. These odds can be either positive or negative.
- Positive Odds (+): Show how much profit you will make from a 100-unit stake.
- Negative Odds (-): Show how much you need to stake to win 100 units of profit.
- Positive Odds (+): If you see +200, for every 100 units wagered, you will win 200 units.
- Negative Odds (-): If you see -150, you need to stake 150 units to win 100 units of profit.
Example:
- Positive Odds: +243 – For every 100 units wagered, you will win 243 units.
- Bet: 100 units at +243
- Total Return = 100 units + 243 units = 343 units (100 units stake + 243 units profit).
- Negative Odds: -385 – You need to stake 385 units to win 100 units of profit.
- Bet: 385 units at -385
- Profit = 100 units, so total return = 485 units (385 units stake + 100 units profit).
Fractional Odds Explained
Fractional odds are mostly used in the UK and are displayed as fractions (e.g., 5/1, 10/3).
Fractional odds show the profit you will make for every unit you stake. For example, odds of 5/1 mean you will win 5 units for every 1 unit wagered. To calculate the total payout, you multiply the stake by the numerator (top number) and then add the original stake.
Example:
- Odds: 5/1
- Bet: 100 units
- Profit = 100 units x 5 = 500 units
- Total Return = 500 units + 100 units (stake) = 600 units.
Popular Cricket Betting Markets
Here are some of the most common types of cricket betting markets:
Match Winner Bets
This is the most straightforward bet, where you bet on which team will win the match.
For example, if you believe Chennai Super Kings will win, you can place a bet on “Chennai Super Kings to win.”
Top Batsman and Bowler Bets
These bets are on specific players. You can bet on who will score the most runs (top batsman) or take the most wickets (top bowler) in the match.
- Top Batsman: Bet on the player who will score the most runs in the match.
- Top Bowler: Bet on the player who will take the most wickets in the match.
Example:
- Top Batsman: You can bet on a specific batsman, e.g., “Yadav, Suryakumar” to be the top scorer.
- Top Bowler: You can bet on a specific bowler, e.g., “Jasprit Bumrah” to take the most wickets.
Total Runs and Other Specialty Bet
This type of bet involves predicting specific match statistics or events, such as total runs, sixes, or fours.
- Total Runs: Bet on the combined total score of both teams.
- Total Sixes/Fours: Bet on the total number of sixes or fours hit in the match.
- Specialty Bets: These include specific events or conditions like “first wicket method” (how the first wicket falls) or “will a player score over 50 runs.”
Example:
- Total Runs: Bet on the total score of the match (e.g., total runs over 300).
- Total Sixes: Bet on the total number of sixes in the match (e.g., more than 10 sixes hit).
- First Wicket Method: Bet on how the first wicket falls, such as through bowling or catching.
live cricket betting odds
Live cricket betting odds give players the opportunity to bet on a match in real-time, adjusting their strategy based on the live developments of the game. Live betting makes the experience more exciting and offers potential for higher profits. One popular form of live betting is the Cricket Betting Exchange.
Cricket Betting Exchange
In a Cricket Betting Exchange, you can choose to Back (support a specific outcome) or Lay (oppose a specific outcome), betting directly against other players rather than through a traditional bookmaker. This type of betting often offers better odds.
In a match, there are four main options:
- Back A Team (support Team A to win)
- Lay A Team (oppose Team A to win)
- Back B Team (support Team B to win)
- Lay B Team (oppose Team B to win)
When you Back an option, the odds shown represent the total payout you will receive for betting 1000 units. When you Lay an option, the odds represent how much you need to stake to win 1000 units.
- Lay Bet: The odds show how much you must wager to earn 1000 units of profit.
- Back Bet: The odds show the total return (stake + profit) you would get for a given bet.
Where to Bet on Cricket
For those looking to place bets on cricket, Vegas11 is one of the top cricket betting sites in India. It offers the best odds, a 30% welcome bonus on registration, and a variety of betting markets, including Fancy Bets, Cricket Betting Exchange, and other popular cricket markets. With Vegas11, you can enjoy more competitive odds and greater chances of winning.
