How To Win Money Betting on Cricket
So, you want to make more money betting cricket?
I may be able to help. I share a few tips below.
But let’s get one thing straight:
Making money betting sports – cricket or otherwise – is hard. Damn hard. Thousands try, but few actually pull it off.
If you think you can sign up to Bovada or Bet365, make a deposit, a few bets, and then all of a sudden be rolling in the cash, you might as well close this window now.
Trust me – I’m saving you money.
The reason sports betting is so hard is because you’re often flipping a coin, but you’re never flipping for even money.
The books have to make money. So they take a commission to each line.
You have to overcome this if you want to breakeven, let alone make a profit.
For most people this will come down to luck.
But if you want to give yourself an edge few recreational bettors have, then continue reading – you might just be in luck.
Top 7 Tips for Making More Cash Betting on Cricket Matches
Here are a few tips to help you with your cricket betting. They all seem basic, I know. But if you pick a couple of them and take action on what you learn, you’ll come out the other side a better, more profitable bettor.
Let’s get started.
Read Books
There are 3 books I want to recommend. The same 3 books that were recommended to me. And those are:
- Sharp Sports Betting by Stanford Wong (link to Amazon)
- Weighing the Odds in Sports Betting by King Yao (link to Amazon)
- Conquering Risk: Attacking Vegas and Wall Street by Elihu D. Feustel (link to Amazon)
Note that none of these are going to make you a big winner over night, neither will they show step-by-step how you can win at cricket betting, but they will get your creative juices flowing and show you how people beat sports betting before and some edges you can be looking for now and in the future.
Beware though – these are dense, fluff-free books. So take your time and take notes.
Multiple Accounts
I don’t mean you should have multiple accounts at one book. That will get you into trouble.
You want to have an account at 3-5 different sportsbooks. And there’s a simple reason why:
Many books are competitive on price. But with some a bit of shopping and luck, you can find a better price.
This means you pay less to make your bet. In turn you lose less on your losers and make more (bigger margin) on your winners.
Arbitrage
Another reason for having multiple accounts is so that you can arbitrage.
Here’s an explanation of sports betting arbitrage:
This is an activity where you bet on all possible outcomes of an event at odds that will guarantee a profit, no matter the result.
This is possible to pull off – assuming the sportsbook allows it –OR- you can get away with it – because there are often discrepancies between books on their lines. And they’re constantly in a state of flux.
If you shop around, find good prices and buy everything up, even when you lose you still win.
Bankroll Management
This goes beyond betting according to a set of rules, or not going on tilt.
If you want to make money betting sports, you need to
1) have a large bankroll
so you can
2) split it up between multiple books/accounts.
And your bankroll needs to be large enough to handle losses. The more you want to split up your money, the more money you should have.
Plus – if you want to bet for a living, you should have enough money for living expenses that you don’t need to pull any profits out until your bankroll is HUGE.
How much?
That depends on you.
The biggest sharps will have 6-7+ figure bankrolls. Enough to place bets and pay their runners.
Your ambitions may be different. So, scale accordingly.
To read more about money management, check out our dedicated article on bankroll management.
Sports Picks
I hesitate to add this because handicappers can be hit or miss. Usually a miss.
And it’s easy to get taken for a ride if you easily fall for advertising where the handicapper shows you his 95% winning streak (which happens to be only over his last 14 games – not over seasons, like you should be paying attention to) and you think that’s actually possible.
Plus, something else to think about. There’s really no incentive for profitable bettors to teach others how to bet, or to tell them which bets to make.
Because too many one way or the other will push the lines and affect the price. This can make things harder for pro bettors.
So, you have to assume – or should assume, rather – that most handicappers aren’t profitable themselves. Instead, they try to make their money another way – taking advantage of recreational bettors.
Maybe this tip should be to stay away from picks then, eh? Because if you’re not losing money you’re technically keeping it.
That’s a win too.
Research
You want to do some due diligence before you place your wagers.
And, honestly, this won’t be realistic for most recreational bettors. There’s just a lot of legwork involved, and I’d wager that most rec bettors just want to place their bets and watch the game.
But if you’re willing to do research, you’ll want to look for current data like injuries, weather, starting players, and so on. You’ll also want to look for past data like how these players have performed, how the weather has impacted the game before, scores, etc.
It’s a lot. Which, again, is why there are so few pro bettors.
Join the Right Sportsbook
What do I mean by this?
A couple things:
For one thing, you want to join a legit betting site.
It doesn’t do any good to win money if you’ll never get paid.
Second, you want to join a sportsbook that allows winners. And, preferably, a book that won’t cap winners to making small bets.
Third, you want to find a book that offers deals like cash back or reduced juice. Anything to put more money into your pocket.
Conclusion
Those are just a few ways to get better at betting, thus making you more cash doing so.
Keep in mind that there are no guarantees. Even the best, most consistent and profitable bettors only win an average of 52-60%.
If you’re new I’d be ecstatic with breaking even.
If you can get there – and you’re willing to put some work in – you too can make more money betting cricket – or any other sport, for that matter.
