On this page you will see the cricket matches being played in the near future. You will also notice some boxes with numbers and the possible outcomes of the match there as well. Here we will explain what they mean:
In the example above you can see the betting odds for the different outcomes in a Test match that were to be played between India and Australia. You can bet on India to win, for the match to be a draw or for Australia to win.
If you bet on India, you can do so at the odds of 1.66. This means that if you bet 1,000 rupees on India to win, you would receive 1,660 rupees if India beats Australia – you get back your wager of 1,000 rupees plus 660 rupees which is your winnings.
Wager amount x betting odds = Payout
1,000 x 1.66 = 1,660
So you simply multiply your wager amount with the betting odds to find out how much you will receive after your bet has won.
If you bet 325 rupees on Australia to win, at the odds of 4.60, you would receive 1,495 rupees if Australia beats India – 325 * 4.60 = 1,495 rupees.
325 x 4.60 = 1,495
So all you have to do is multiply how much you wager on your event with the odds (rate) to find out how much you will get if your bet wins.
You can read more about betting odds work here.
Betting on cricket does not only involve the prospect of trying to pick who will win the match or the potential proposition bet, it hinges on a lot more if you have any ambitions of earning money over the long run.
If all your bets are done at just one sportsbook, you are most likely missing out on a lot of value. You see, even though you were able to pick who the winner would be 100% correct on every game getting the highest odds would still matter a great deal. The return would be greater in the short run, and this will be compounded into the future. Getting the right cricket betting odds is more than just half the battle – it is actually closer to the full battle.
To emphasize the importance of getting the highest possible odds on your bets, we will show you an example of two different bettors. Let us say we have bettor A and B. Both are winners, and can pick winning bets at a great rate of lets say 65%. On average, bettor A receives odds of 1.90, while bettor B is doing some line shopping and receives on average betting rates of 2.00. Now if they both bet a 1000 games a year, this will leave them both with about 650 winning bets and 350 losers. If they are betting $500 on each match their results would look something like this:
Bettor A net winnings:
650 * 0.90 + 350 * (-1) = 235 * $500 = $117.500
Bettor B net winnings:
650 * 1.00 + 350 * (-1) = 300 * $500 = $150.000
That is a difference of $32.500 (!) which you are missing out by simply ignoring to line shop. Now some might cry “alternative cost!” or some other reason, but when this act can so easily be automated or takes so little time, you need to get your act together. If you glean just one tidbit of new understanding from this site, it should be that getting the best possible odds on your bets should be the most important thing you do regarding online sports betting.
I have already mentioned the concept of line shopping, but I will explain what it entails. It simply means the act of looking around at different sportsbooks for the best “price” on your bet (also known as odds or rates). Just like you would usually check out different stores for different prices on a new car you would buy or that new leather jacket. Many will not just buy it at the first and best place, but check out some other stores pricing as well to hopefully save some money. The same is true for betting. When you have a bet you like, you will want to find where the best odds are at all times and you do so by line shopping.
In a perfect world, you would have money deposited at every cricket betting sites online so you always can check for the best odds available at any time you want to place a bet. But sadly we do not live in a perfect world, and many are also probably restricted by limited funds available at times which makes this hard. I would therefore keep funds at a minimum two bookmakers, and from there on add on sportsbooks as your bankroll increases or your need for other betting markets changes.
The answer to this question is the age old: it depends. The reason for this boring answer is that it actually is the truth. Good odds usually spawn when the bookmakers are making a mistake or are trying to off load some of the big action they have received on another side, so this will happen with different frequency at the various sportsbooks.
However, some sportsbook routinely offers better betting rates than others on cricket, like Pinnacle Sports for example, who serves the professional market and welcomes pro bettors with open arms. They do not offer fancy bonuses or promotions, but rather tries to squeeze the lines to the fullest potential, thus making you win more when you are winning your wagers. Having Pinnacle in your arsenal when betting online is important if you want to be able to win long term. Remember though that the market here is ruled by other sharp bettors and thus the lines are very often efficient, so double check your reasons for betting on a line before you go ahead with the bet.