Live and Pre-Match Cricket Betting Odds
About odds on onlinecricketbettingguide.com
Project onlinecricketbettingguide.com is the place for the Indian betting community where you will find a lot of great things to do. On the site, you will be able to bet with the best cricket betting odds on the most popular cricket tournaments, including the Indian Premier League and the ICC T20 World Cup.
The interface of the site will not be difficult to understand at all, all the functionality is positioned in a very convenient and logical way. In particular, the betting cards are also arranged in a remarkably clear way, where the names of the teams are shown at the top, in two red rectangles are the coefficients for each of them, and by clicking on the green area below you will go to the Match Center.
How Cricket Odds Work
To begin with, it is important to convey the whole concept of cricket betting odds before we delve into the terminology. Simply said, odds are a numerical representation of the likelihood that an event will occur. Often, depending on the type of odds, a player can determine the value of his possible winnings by multiplying his bet by this expression. You can determine a team’s or individual player’s likelihood of success by analyzing the odds. Below is a more thorough explanation of the cricket betting odds:
- As you may already be aware, odds display the ratio of bets to wins. The odds that are most frequently employed in cricket are decimals, which are just basic multipliers. Meaning, that for a 2.00 odds, your bet will be multiplied twice.;
- Speaking about average cricket betting odds, you should realize that they vary from match to match and from team to team. Favorites usually have odds between 1.5 and 3.0, while outsiders have higher odds because they are less likely to win;
- If you want to figure out how much you will win from a bet, you need to use a very simple formula. Just multiply the amount of the bet by the cricket betting odds and the result will give you your winnings. As an example, if you placed 50 INR on odds of 2.5, your potential winnings will be 125 INR.
Examples
Let me give you a specific example of how the coefficients work so you can delve deeper into the issue. Let’s take a look at a typical bet on a team winning the India vs England match.
| Odds | Bet | Bet |
|---|---|---|
| India; | England; | England; |
| 1.80 | 2.10 | 1,000 INR on India’s win. |
So if you bet 1000 INR on India winning and India wins, your winnings are calculated as follows:
- Winnings = Bet × Odds;
- Win = 1000 × 1.80 = 1800 INR.
The net profit will be 1800 – 1000 = 800 INR. So you can always calculate your potential profit based on this simple formula. If you use other ratios, the formula will be different, but it will not be difficult to understand.
Why are the Odds so Important?
Let’s understand why it is extremely important to know and track the bookmaker cricket betting odds games. The following list lists all the key points:
- Chances – By understanding the principles by which the results of various matches are judged, you will be able to determine the likelihood that a team or individual will win.
- Benefits – Different bookmakers may offer different cricket betting odds for the same event, so analyze the bookmakers’ offers to find the best one.
- Strategies – Understanding the odds will help you develop different strategies. Analyzing the cricket betting odds will allow you to use them more intelligently so that you can build your tactics.
Types of Cricket odds
Every beginner needs to be familiar with the types of cricket betting odds to understand how betting works. The different types of odds can confuse you, so it’s important to understand how each one is calculated and affects your bets. We have prepared a table for you in which you can familiarize yourself with the types of odds in detail.
| Type of odds | Description |
|---|---|
| American | This system uses odds that represent the net profit that may be obtained by betting 100 at positive odds, and the amount that has to be bet to win 100 at negative odds. It is a bet on even chances if the odds are 100 |
| Hong Kong | Hong Kong cricket betting odds do not include the return of your bet. Essentially, it represents the number of units that will be received on top of your original bet if the bet is successful. The American odds of +200 will become 1.00 Hong Kong style |
| Indonesian | It indicates the amount you must bet to win ₹1 if the chances are stacked against you. If they are positive, you will know how much money you will win if you bet ₹1. Thus, in Indonesian terms, American odds of -125 become -1.25 and -400 become -4.00. Positive odds are not started with a plus sign in Hong Kong style, therefore +200 becomes 2.00, +250 becomes 2.50, and so forth; |
| Malaysian | Positive Malaysian odds are viewed similarly to those of Hong Kong. When you see Malaysian odds of 0.5000, that means that for every ₹1 you bet, you will earn ₹0.50. The amount a bettor must risk to win one unit is represented by the odds when they are expressed as a negative number |
| Fractional | The amount you will win by taking a chance on the number to the right of the slash is shown by the number to the left of the slash when fractional cricket betting odds are present. For instance, if you see 7/4, you can bet and know that you would benefit by ₹7 for every ₹4 |
Types of cricket bets
There are numerous varieties of bets in cricket betting, referred to as betting markets. They let bettors predict more than just the game’s outcome; they let them bet on particular events as well. Betting markets provide a greater variety of betting alternatives and help you comprehend the game better. Here are some of the most popular cricket bets:
- Best Batsman – As the name suggests, you are placing a bet on the player who will score the most runs for his team or for the duration of the game;
- Top Bowler – The bowler who bowls the most overs in the course of the game is the object of betting;
- Most Sixes – Here, you place a bet on which player or team will score the most sixes during the match;
- Man of the Match – Place a bet on the player who will emerge victorious from the match as the best player overall, a title determined by a variety of criteria;
- Total Runs – This is where you can forecast how many points a player or a match will score;
- Toss Winner – A quick bet on the team that will win the initial toss before the match.
Explanation of win probability
To calculate your chances of success in your chosen match, try to calculate this probability. Bookmakers use cricket betting odds to express this probability numerically. By using the odds values, you will be able to understand how roughly likely a particular outcome is. To calculate the probability of winning, you can use the following formula % = (1 / odds) × 100 (for decimal odds). That is, if the odds for a team are 2.50, then the probability of the team winning is (1 / 2.50) × 100 = 40%.
It may seem complicated at first glance, but trust me, all the calculations are very simple. The higher the odds, the lower the probability of winning and the greater the potential profit from the bet. Conversely, low cricket betting odds indicate a high probability of an outcome but a lower potential profit.
Bookies margin
In order to guarantee their earnings regardless of the outcome of the match, bookmakers put a commission into the cricket betting odds, which is called a margin. This is the difference between the actual probability of an event and the odds offered. It is also not uncommon for bookmakers to reduce the odds slightly in order to make money on each bet. Usually, the margin varies from 5% to 10% and can vary from site to site.
You may wonder why you need to know and understand this issue and we will answer you. At first glance, it does look like something that does not concern you, but the margin directly affects the size of your winnings. The higher the margin, the lower the odds, which reduces the potential profit. Understanding this issue will help you to choose a bookmaker that offers better cricket betting odds, so you can minimize your betting losses.
How to use Betting Odds – Our tips
In order for your cricket betting to be successful, it is not only important to understand the odds, but also to know how to use them correctly. We have prepared for you some useful online cricket betting tips that will help you use the odds as effectively as possible:
- Understand the rules of cricket – If you’ve never been interested in cricket before, it would be reckless to attempt betting. Take the time to understand the rules of cricket, learn the ins and outs, and find out more about the current players and teams. Without having all this information, betting should wait a bit longer;
- Analyze matches and team – Sometimes not the most obvious things can affect the outcome of a cricket match. So before placing a bet read sports news and make a thorough analysis of the teams, their current form, squad, and previous results. This will help you better understand how likely an outcome is and help you choose the best odds for your bet;
- Compare odds – Different bookmakers may offer different cricket betting odds today for the same event. Comparing odds on multiple sites will help you choose the most favorable conditions and increase your profit. Also, keep in mind that odds can change before or during a match. Keep an eye on them so that you have time to make favorable bets on the changed conditions;
- Use strategies – Using strategies such as flat betting (betting the same amount on each outcome) or Martingale strategy (increasing your bet after a loss) will help you better manage your money and reduce your risk as much as possible;
- Bet responsibly – Control your emotions and don’t make rash bets in pursuit of quick wins. Set yourself a betting budget and stick to it, also control the time you spend on betting. A responsible approach will help you maintain control of your finances and your mental health.
FAQ
Cricket match odds is a numerical value that shows the probability of a match outcome and determines your winnings. The higher the odds, the lower the probability of the outcome and the greater the potential profit, and vice versa with low odds.
Apart from the standard bets, other unique bets can be found in cricket matches as well. These include picking the best batsman, the best bowler, the number of sixes in the game, and others.
Margin is the commission that bookmakers put into the value of the cricket betting odds to get their profit regardless of the results of the match. It also has an impact on your profit, as it can lower the odds, reducing your potential winnings.
Some of the popular strategies used by Indian users include flat betting, betting on favorites, and the Martingale strategy. You can search for other online cricket betting tips or create your own.