Betting Odds (Cricket and more)
Step 1: Picking Your Betting Site
As insignificant as this may be, or as obvious as it may appear to some people, picking a betting site is the first step to having a stress-free and seamless experience. It is not easy to everyone. And not just any other betting site, one that fits your gaming needs. So, while at it, you need to ask yourself a few questions.
- Is the cricket betting site licensed and regulated?
- What cricket or football or sporting events do they cover?
- How wide is their market offering?
- How do the live cricket odds compare to other sites?
- Do they have a reliable support system?
- How easy and seamless is it to use the betting site?
Step 2: Signing Up
This is the next important step. Once you’ve found a betting site that fits your preference, you need to create an account. Click on the “sign up”/”create account”/”register” or any other button that infers you need to create an account. Fill in the sign sheet by providing 100% accurate and real information.
Step 3: Read Through The Terms and Conditions
Before submitting your filled sign-up sheet, read through the terms and conditions. Ensure you understand what the bonuses require you to do. Are you eligible to sign up at the betting site? What are the withdrawal/deposit policies? If you agree to the terms, check the T&Cs box and submit the form to complete the first step of registration
Step 4: Confirm Email and Log Into Your Account
Log into your email address and click on the email confirmation link sent by the betting site. This will re-direct you to the official site where you are required to enter your login details. Do so to have access to your newly created account
Step 5: Complete KYC Verification Process
You can choose to skip this process and go straight to depositing and betting. However, we’ve decided to include it here because it’s a mandatory that you will complete the KYC verification process. And it takes sometimes up to 72 hours to be completed.
It’s important you complete is soon as you cannot withdraw your winnings without sending the required documents. These include a government issued ID/military ID/passport and a copy of your utility bill.
If you are not sure how you can complete this process, contact the customer support team for help. Also take note that if your account details don’t match those included in the documents, your account will automatically be suspended.
Step 6: Make Your First Deposit To Receive Your Bonus
Online betting sites support a wide range of payment options. From debit/credit cards to eWallets, prepaid cards, cryptocurrencies and direct bank transfers, there is always something for you. All these options are located under the banking section, which you can access quickly by clicking the deposit button. Make your deposit as per the minimum requirements and start betting.
*The whole process may look tedious and complicated but its just a five minutes thing at most. Provided you have a stable internet connection, signing up to successfully placing your initial bet should take you only five minutes. But placing a bet is just one, how do you ensure or know that the bet you just placed will bear some fruits?
How To Win More In Sport Betting
Before picking your phone to bet on cricket or sitting at the PC, it’s important you familiarize yourself with all that’s there to know about sports betting. Sports betting is an easy venture, but can also be disastrous – moneywise – if you don’t know what you are doing. Here are some important facts you need to consider before you place that all-first-important bet. If you are a frequent bettor, read through the points, you may learn a thing or two.
Stay Clear of Odds-On Prices
If you ever find yourself desperately looking for a long shot bet on a weekend afternoon, ensure you don’t pad out your accumulator bet with odds-on picks. This is the surest way of diminishing your chances of winning.
For example, if you are frequent bettor, you’ll agree with us that during the opening weeks of a cricket league, the cricket bet odds for the top teams against the lower ranked teams tend to be low. To many, this would seem to be the perfect opportunity to lump everything in a multi-bet in order to win some quick and easy money. But this is usually a very bad/huge mistake.
Cricket is notorious for giving punters terrible prices on match-betting. This means you can put some of the best teams in a ten-fold (an accumulator bet with ten selections) and only manage to scrape a bare 4.0(3/1) cricket bet odds. But can you ask yourself a question; is it worth ₹1,000 to only treble your cash when a single loss at bet odds cricket of 1/5 (for instance) will see the whole accumulator going down the drain? Probably not.
It therefore only makes sense that you conduct some research on your own and find an underrated team, which has some decent bet odds cricket and back them. Because this is what any smart bettor is required to do. Run a background research and find value in online cricket betting odds before backing a team.
Your Favourite Team Doesn’t Always Win
The day you accept this hard fact when betting is the day that you will start making money from online cricket betting odds. We understand the undying support that you have for your team and sometimes, the price the betting sites have on offer are just too good to resist. However, they are always not the best sometimes.
Let me give you a quick example of an event that is still fresh in my mind like it happened yesterday. Kenya shocked the cricket world by beating some of the big guns and qualifying for the semi-finals during the 2003 Cricket World Cup. At this stage, they had to face Sri-Lanka, who as you are one of the highly rated teams in cricket. While many teams had refused to play Kenya at their home ground due to political upheavals, Sri Lanka chose to play them.
They were the favourites to win the match because prior to that, they had routed Canada for just thirty-six (36) runs. But Kenya was not just going to sit back and wait to be thrashed on their home turf. They pulled a quick one in the first innings by scoring 210/9 in 50 overs.
Chasing a high target of 211 runs, the likes of Marvan Atapattu, Kumar Sangakkara, Aravinda de Silva, and Sanath Jayasuriya all bowed down to Kenya. Collins Obuya was to put the final nail on the coffin as he returned with figures of 5/24. At the end, Kenya emerged victorious with a total of 53 runs.
Back then, as a strong supporter of Sri Lanka, I could have backed them without batting an eye. But any sharp bettor who’d been following the events would have known Kenya had a chance against them. They had won their previous matches effortlessly and only the online cricket betting odds suggest otherwise.
Don’t Let Your Loyalty To Your Bookmaker Blind You – Shop Around
In the online sports betting industry, there’s usually a big emphasis on brand loyalty. Since it’s a multi-billion-dollar industry, with more than a few thousand brands, competition is high. To ensure their members stay loyal to them, some of the top betting sites in India will throw in some money to reward their most loyal customers.
While it is not a bad thing to stay loyal to earn a few perks such as better comp points conversion rates, better rewards and all, you shouldn’t forget that at the end of the day, it’s all about the bet odds cricket. If you feel the cricket odds are becoming shitty and the margins don’t justify sticking around, shop for a new betting site.
User cricket odds comparison sites to find your next best bookmaker. And before you sign up at the brand, ensure that you’ve checked it against other recommended sites. If you can remember our first point above, if it qualifies for the cricket odds, try checking for other aspects and if it fits, sign up.
The Fewer Selections In You Slip, The Better
It is a point that, even though it makes a lot of sense, many bettors tend to forget about it most of the time. The fewer selections you include in the bet slip, the higher the chances of winning that bet. In cricket betting, if you are after making serious cash, think small and not big. If you have a healthy bankroll, then it’s better that you pick only one team. If you have an okay bankroll, ensure you don’t pick more than four selections in your slip. Once you start finding yourself going for a 10-fold accumulator, just know that you are on cloud cuckoo land.
Betting sites don’t love bettors who go for single bets. Why? Because they are the main source of revenue loss. Audits and research has shown that bookmakers lose most of their revenue from single bets.
Look at this example. India face New Zealand in the 2nd test. The cricket betting odds of India to win are 1.53 while those of New Zealand are 5.00. A high roller comes with a ₹1,000,000 bet and backs India to win. Just one selection at odds-on-price and if the bet comes in, the bettor will walk away ₹500,000 richer. He’s reduced his risk by including only one selection in his slip.
Why Comparing Online Cricket Betting Odds is Important
One of the biggest reasons why many bettors lose their bankroll in the long run is not knowing the value of cricket odds they are being offered. In this section, we highlight the main reasons why knowing the value of knowing or comparing cricket bet odds is crucial.
You Get To Know If You Are Getting Better Margins
In the eye of a naïve Indian bettor, or any bettor for that matter, the difference between a cricket odd of 0.05 and 0.10 is too insignificant. If you are looking to punt for only one game, it may not have any impact and the insignificance is evident. However, if we are talking about staking huge sums of cash or placing so many bets, then the small margins could be the difference between winning a million rupees or not.
Let’s have a look at a good example. Imagine that on a good month, you manage to place 100 bets. Out of these bets, you manage to win say 75 and lose the rest. You have a pattern of winning more and losing one or two after the winning streak. The cricket odds difference between each of your bets is on average 0.05. If you win, say, six successive bets, cumulatively, that comes to odds of 0.30. With an initial stake of ₹10,000, the profit here will be ₹3,000.
So, at the end of it all, as long as you have a better bankroll management plan and know how to pick your cricket odds, the small bet margin could be the determining factor of a big profit or a small profit. And you can know this small difference by comparing the odds offered across multiple betting sites online.
You Have Access to Other Site Features
You not only get access to better odds margins, but you also get to know what other features the site offers. Because you will be using different betting sites, you will know what one site has to offer that another can’t offer you.
Don’t Always Bet On The Heavy Favorites
This is an unwritten rule that many people don’t seem to get. While betting on the favourite team to win is not a bad idea, it doesn’t mean that it’s the best strategy as far as cricket betting is concerned. There are many factors and parameters that have to be considered. Study and patience go a long way into making you a successful sports bettor.
Also remember, when you bet heavily on the favourites, and they lose, you can end up losing a lot of money. Take a good example in our Sri Lanka vs Kenya match above. Many people wagered on Sri Lanka to win the match given by the low odds they had to win. But at the end of it all, they were disappointed after Kenya pulled a fast one on them.
Betting Systems and Betting Tips to Help You Win Bets
Becoming a successful and profitable bettor is a daunting task. Does this mean that you cannot make some money betting on the form of entertainment? Of course not, you can make some good money betting on cricket and other sports. But you need to know a thing or two that will give you an edge over the betting site. And that is what we are going to take you through in this section. We will give you tips and a few strategies to help you emerge a winner.
Timing A Bet Strategy
This is done in a bid to create value while betting on cricket. One of the appeals of live cricket odds is that you can assess what is happening in the match and make a more informed judgement before placing your bet. The information/date you gather while the event continues will ensure you get the most out of cricket betting, and more especially when getting better odds.
For example, team A – the favourites – has odds of 1/3 to win a match at the start of the event. After twenty minutes, they are trailing with say 20 runs. The cricket odds will definitely shift and favour the underdogs due to several aspects as discussed below.
Smart players will analyse the situation and pick the best bet possible depending on how the events unfold. And many people/players tend to use this as a strategy – waiting for the cricket odds to get better before placing their bet.
Bankroll Management Betting System
By properly understanding what to expect when you place a series of bets, you need a sound bankroll management plan that will help you avoid certain behavioural biases. These biases include Self-attribution Bias, The Illusion of Skill and Overconfidence Bias, which in the long run may erode the expected profitability in the long run.
And in order to have a proper bankroll management plan, there are several strategies you can use. These include:
- Flat betting system – you use a fixed amount of money to place your bet. If you have a ₹1,000 bankroll, you can split it into ten equal ₹100 bets. So, even if you win ₹10,000 from a ₹100 bet, you still stick to your ₹100 bet.
- Percentage betting system – it is much similar to the flat betting system. The only difference comes in terms of how you advance or bet in the successive bets. In this, your unit size is determined by your bankroll. The figures should be the same at the start but the unit size will increase significantly faster than the flat model.
For instance, if you have a bankroll of ₹1,000 and want to use a standard unit of 2.5%, then your first bet is going to be ₹25 in both the flat and percentage betting systems. If you are successful on your first bet, your total bankroll will be ₹1,025. Your next bet will be ₹25.63
Bankroll management is crucial in any form of gambling. Be it online casino or sports betting, you need to properly manage your bankroll in order to prevent any possibility of gambling addiction or end up chasing losses. But the most important thing about the bankroll management is that you need to be very disciplined and follow it to the letter. Only then will it be effective.
Dutching Betting Strategy
Dutching is one of the less known sports betting strategies, but it is one of the most effective ones. This is because it contradicts the normal approach of picking the option that offers the most value. Instead, it dictates that you spread your risk across multiple outcomes. How exactly does it work in detail?
Well, it dictates that you back more than one outcome on the same sporting event as opposed to only one. But why should you do that? Well, it is so that you end up profiting from the sporting event regardless of the outcome. Whether the team loses or wins, you are guaranteed of a profit. In sports betting, dutching is mainly used in football and horse racing.
Let’s take a good example of a football match between Manchester United and Arsenal. The odds are 2.10(1)-3.50(x)-3.40(2). For you to successfully use the dutching betting strategy, you will have to place bets, which at the end of it will cancel out to give you a profit regardless of the outcome.
Because of the nature of analysis involved in dutching, many casual players tend to stay clear of it. Not only do you need to know the best team to support, but you also need to know how much to stake on each of the teams.
Is Dutching Profitable?
Despite its underworld beginnings, dutching is a legitimate betting strategy that is used to make decent profit from sports betting. However, the risk is usually higher than the return. As stated, you need to be a pro with numbers to correctly balance your stake and the yield, which can easily lead to making mistakes for those of you who are not 100% sure on how to use it.
Also worth mentioning is the fact that you need to wait for the right time to increase your chances of earning from a Dutch bet to lock in some profit. You also have to be a patient bettor since the profits generated from dutching tend to be smaller because of the multiple bets placed on the same sporting event.
Different Types of Cricket Betting Odds
What do 1/1, 2.00 and +100 share in common? They all mean the same exact thing. In cricket betting, and sports betting in general, there are three different formats. In India where tens of millions bet every day, these three odds formats are frequently used. Players can decide to use the decimal or fractional cricket betting odds, or simply go for the American cricket odds formats. Regardless of the format one chooses to use, they all mean the same. If you don’t know how to interpret any of these online cricket betting odds formats, we are here to help.
Decimal Cricket Betting Odds
This is the most common and popular type of cricket odds that many Indian use. Its popularity is due to the fact that it is the easiest format to compare prices between exchanges and bookmakers. Furthermore, when it comes to calculating the expected returns, it is one of the easiest to decipher. Here is how it works plus an example of cricket decimal odds format in action.
Odds x Stake = The Return (which is inclusive of the initial stake)
A match between Deccan Gladiators and Bangla Tigers have the following odds; 1.73 (1) 2.00(2). If you stake ₹100 for a Deccan Gladiators win, then this is how you calculate your expected return.
1.73*₹100 = ₹17.30
Fractional Cricket Betting Odds
Fractional cricket odds aren’t as popular as decimal odds in India. They are mostly used by the UK bettors and more especially among those who bet on horses. Fractional betting odds aren’t as popular because they are difficult when it comes to interpreting them. Most people who choose to use them tend to be pros in sports betting. However, once you get your head around it, you will realize that they are one of the easiest odds formats.
Generally speaking, to interpret fractional cricket betting odds, you need to know the much that you will stake in order to win a certain amount. The amount on the right hand side of the slash indicates how much you will win, while the other figure shows how much you need to stake. Below is a general representation of fractional cricket odds.
Expected win/ how much you need to stake
Using the example above, the odds of 1.73 will become 8/11. The odds of 2.00 for Bangla Tigers will become 1/1. If we support Deccan Gladiators to win, you will translate the odds to become ₹8 win from a ₹11 bet. If you support Bangla Tigers, it means you get ₹1 from a ₹1 bet. This is also known as even money bet.
American Cricket Odds
They are also referred to as US or money line cricket odds and will be expressed either in a negative or positive format. When represented in negative format, it simply tells you the much that you have to wager in order to make a ₹100 profit. If it is expressed in positive format, it shows how much you will earn in terms of profit for staking ₹100. Let’s take a quick look at these cricket odds in practice using the example above.
If you are to express the odds above into American format, it would be -137 for Deccan Gladiators to win and +100 for Bangla Tigers to win. What this means is that you need to bet ₹137 on Deccan Gladiators to win ₹100. If you bet ₹100 on Bangla Tigers, you will win ₹100 since it’s an even money bet.
Why Do Cricket Odds Change?
The chance of landing tails or heads in a coin toss is usually 50%. This is applicable at any time before the toss is complete. But when it comes to financial markets and sporting events, the same controlled certainty isn’t offered. This means that the odds (or chance) on a particular outcome, can, and will, certainly change right before the start of the event.
While betting on cricket, the odds are bound to change any time – before and during the event. Some of the factors that make these cricket odds to fluctuate include:
- New information – such as injury news, team selection, etc etc
- Market confidence – is yet another important factor that drives more liquidity in the cricket betting market
- Bets placed – where bettors are placing their money will determine how the odds sway
Cricket Betting: Put This Knowledge To Practice Online
Now that you know everything that’s there to know about cricket odds, get out there and put everything that you’ve learnt to practice. The recommended online betting sites are the best you will find anywhere. With daily cricket promotions, cricket odds boosts and much more, anyone from casual to pro bettors has the potential of enjoying some serious wins. If you still feel you need more information on how to bet online, read our other resources. Remember, a sharp bettor is an informed one and you can only win against your opponent if you know him/her inside out!