A Run at Online Cricket Betting
August 6, 2021
It is indisputable that cricket is one of the most popular sports in the world. It is second to none in India, a country of more than one billion people. All popular sports also have popular gambling scenes, and Cricket is no exception. In this article, we will look at the online gambling scene around Cricket, what makes the game tick, and finally what types of bets you can make at online bookmakers.
What is Cricket Betting
If you are new to the whole sports betting scene, then you might be wondering this: “What is Cricket Betting?” Simply put, betting on a sport means wagering that a particular outcome will happen. For example, you could wager that the Australian Cricket Team will be at the South African team. If they actually do, then you will get a payout based on the odds.
The odds refer to the chances of winning the bet. Suppose that the Australian and South African teams are equally matched. In that case, both teams would have equal odds of 2. If the Australian team is notably weaker and does not have a good chance of winning, then the odds for that team will be higher – maybe 3 or even more depending on the gap between the two teams.
So, in the second scenario, if you bet on the Australian team and they lose, you will lose all your stake. However, if they win, then you will get a payout equal to your stake multiplied by the odds. In this case, it is 3x your stake.
The odds are calculated by analyzing the performance and conditions of each team against other teams over some time. The odds are determined by bookmakers, who will offer you the bets. There are both local and online bookmakers.
While some people prefer local bookmakers, online ones have more advantages in terms of being easy to access, having bonuses and promotions, and supporting a wider range of betting markets.
Cricket Betting Markets
A betting market refers to the type of bet you can place on the game. Each type of bet arises from various rules and aspects of gameplay. Here is a quick overview of the types of Cricket Betting markets you can expect to find at online bookmakers.
To Win the Match
The simplest betting market for Cricket simply wagers on the winner of a match. This is a good betting market for beginners.
To Win the Toss
This is also an extremely simple bet. Each Cricket match starts with a toss of a coin. This determines who will Bat first and who will bowl first. This is almost always a 50/50 bet with even odds for both teams.
To Win Outright
This betting market is exclusive to tournaments such as a National League or the T20 World Cup. Bettors simply try to predict which team will emerge as the champion. Outright bets must be made in advance before a Tournament starts.
This market bets on who the top batsman will be. Health and injuries, playstyles of either team, the strategies used by each team, and the conditions of the field all contribute to deciding who will score the most runs in a match. So, this is a more complex bet that requires a lot of research on not just teams but individual players.
Total Match Fours/Sixes
In Cricket, if the ball leaves the field boundaries after touching the grass inside the boundary, it is a ‘Four’ for four runs awarded to the batsman. If the ball does not even touch the grass, then it is a ‘Six’. The number of fours or sixes can depend on the size of the field and the batting styles of the Batsmen. So this is also a relatively complicated bet.
These are just a few of the basic Cricket betting markets you will find at any online bookmaker. There are a lot more markets that you will explore as you get experience. You’ll be placing all types of bets with your online bookmaker in no time.
Live bets are also fairly important. Many online bookmakers allow you to make in-play or live bets on matches that are currently ongoing. There are different markets for in-play betting as well. Betting on these matches is harder and less predictable, but the payouts are even better.
Tips and Tricks for Cricket Betting
Cricket Betting is a complicated affair, no doubt about it. Therefore, we have compiled a list of some useful tips and tricks you can use to get the advantage. These are mostly applicable to players who are new to sports betting. However, even veteran gamblers should glance over these to keep the basics refreshed.
1. Do Your Research
Doing research is the most important part of sports betting. Watch previous matches, read what the analysts say, keep a track of a team’s wins and losses and the reasons for those, and so on. The more information you have, the better an idea you will have about a team’s performance. That will put you in a better place to make predictions. You will even be able to make live bets effectively.
2. Don’t Get Swept Away by Hype or Regional Pride
Sometimes, bettors get biased towards a particular team. This might be because they are a personal favorite or because others around them are hyping up that particular team. When making sports bets, it is extremely important to remain objective and make predictions based on fact rather than feeling.
3. Make a Bankroll and Stick to It
The Bankroll refers to your budget for cricket betting. There are many opportunities for sports betting real money wins. However, you can also lose real money if you are not careful or unlucky. So, set aside the bankroll and treat it as an investment. Don’t stake any more than 5-10% of your bankroll on a single wager.
Cricket betting is one of the best avenues for sports betting real money-making. It is both fun and profitable. You can support your favorite teams by not just cheering them on but by also staking your hard-earned money. Now that you know all about cricket betting, go find your favorite online bookmaker and start placing bets!
You can also read about: Skills You Need to Develop to be a Successful Gambler!