If you think you have a passion for sports betting, various sports might cross your mind. It might be football, it might be hockey or any of the hundreds of sports available at the bookmakers. Or, it could be cricket betting!
The goal of our post is to introduce you to the fascinating world of cricket betting. We will focus on what it is and how you can enjoy your sports betting session at the online bookmakers.
What is Cricket Betting?
As you have an interest in online gambling with sports, it’s safe to assume that you know cricket is one of the most popular sports in the world. Different parts of the world tend to favor one sport over another. But cricket has a truly global fan following. Which also makes it a prime choice for punters.
Cricket betting is the act of placing bets on different outcomes of a cricket match or a tournament. If your bet wins, you get your money back along with profits. If it doesn’t, you lose everything.
The Oceanian region has cricket teams like New Zealand and Australia. Europe has England as the current world champion. The Asian region has names like India, Bangladesh, Sri Lanka, and Pakistan. The continent of Africa has given birth to a team like South Africa.
As you can see, cricket is a popular sport available across the world. And more popularity means more opportunities for you to bet on different markets.
Cricket Betting Odds
Just like any other sports betting, the odds play a fundamental role in cricket. All of the markets offered by bookmakers like 10cric will come with odds. In conventional sports betting, odds imply the probability of an event happing. For cricket betting, the odds mean how likely the team is to win the match.
You may find any of the three types of odds. They are decimal odds, fractional odds, and moneyline odds. The last one is less exposed when compared to the other two. So, we will only stick to decimal and fractional odds.
If you didn’t guess already, decimal odds are represented in decimal numbers. For example, if South Africa offers an odd of 3.00, it means you can win $3 for every $1 you bet. You can also call the formula as (Odds x your bet).
The fractional odds look like ‘5/1’. The numbers can vary drastically from bookmaker to bookmaker. This type of odd has two meanings. One is the frequency of the event. If South Africa has 5/1 odds, it means they are likely to win 4 matches out of 5 matches they play. It’s an exponentially good odd so you might not see such numbers for cricket betting.
The other meaning implies how much you can win from your bets. 5/1 means you win a total of $6 for your $1 bet. The $1 is your capital and the $5 is your profit.
The odds will vary from bookmaker to bookmaker and region to region. Countries, where cricket is more popular, will have more bookmakers offering competitive odds. And less popularized geolocations will have milder odds.
Cricket Betting Markets
You can determine how good an online sportsbook is by looking at the markets it offers. If you’re confused with the term ‘market’ so far, you would not be alone. The market is a very frequently used term in sports betting that means the events to bet.
For example, a cricket match may have multiple betting markets. Match winner, highest run-scorer, highest wicket-taker, total runs, the man of the match, etc. all are different markets.
What you have to understand before venturing into cricket is that the markets will also vary from bookmaker to bookmaker. Some might go deeper into a match and offer unique markets like how many sixes will be scored. Others might stick to conventional markets like match winner or man of the offers.
Live Cricket Betting
When compared to other sports, cricket is relatively slow. However, the modern T20 format is very fast-paced and offers a spectacular display of sixes and boundaries! But it still takes longer than a football match per se.
So, live betting is a great feature to utilize while betting on cricket matches. If you don’t know what live betting is, it’s your opportunity to make changes to your bet slip after the match starts.
The regular bets are known as pre-match bets. You can only bet on so many things with pre-match bets. And if your predictions go wrong, you lose all of your bankrolls.
But if you decide to go with live bets, you can minimize your losses to a great extent. After watching the match for a while, you will be able to determine how the match will end. Depending on the information, you can add more lines to your accumulator bet.
Popular Leagues for Cricket Betting
The beauty of cricket as a sport is that people around the world love it. And it means there is always some sort of tournament going around the world. Take IPL for example. This domestic Indian tournament has one of the largest betting markets in the world. People from all over the world tune in to enjoy the magnificent display of cricket sportsmanship.
Apart from the IPL, there are PSL in Pakistan, Big Bash League, Caribbean Premier League, etc.
And how can we forget the international tournaments! ICC Cricket World Cup is the biggest event in Cricket betting! It takes place every four years and it’s one of the gold mines for sports bettors.
Then there is Asia Cup, Tri-Nation Cups, and so on. The bottom line is, you can find something that suits your taste in cricket betting all the time.
Among the hundreds of sports offered by Bookmakers around the world, Cricket has a designated space. It’s a globally acclaimed sport and punters from all regions love it! And using the knowledge we’ve shared in this post, you can start your amazing journey with sports betting real money!