Cricket Betting & Odds

In the last few years, there has been a rise in online cricket betting. However, offline cricket betting has been prevalent in India for a very long time. As we all know cricket is the most popular sport all over the world. However, in India also there is a huge craze for cricket. So many people bet on cricket matches from domestic to international. Moreover, punters are also making a huge amount of money. Since the entry of online betting sites the cricket betting market in India has increased at a rapid pace. A large number of people are betting online and making money. Lets discuss cricket betting & Odds in this blog.

While placing a bet on cricket it is essential to know all the rules and terms in the cricket bet. One of the important terms in cricket betting is odds in a bet. In this blog, we are going to explain in-depth cricket betting odds. So that you will get an idea about it. Moreover, this will help you to place the perfect bet and win a huge amount of money.

What is meant by odds in cricket betting? 

T 20 and ODI are limited over head-to-head matches. However, there is the possibility of a draw in the test matches. Moreover, the odds in the cricket match are simply considering the probability of the outcome of the matches based on already placed bets in the market. Moreover, if you are placing a bet against the general sentiment then in such a situation your odds will be low but you will win huge money if things work in your favor. 

Furthermore, odds work as an indicator. Through odds, one will get to know how much money the punter will win or lose in the bet. 

Let’s suppose an online site has put the odds for 50 – 55 between India and England match. 

Now, what is the meaning of putting a bet of 50-55? This means that the odds on team India is 50 and on team England, it is 55. 

If a punter puts a bet of INR 100 on India winning the match then he will get 100+50 if India wins. However, if India loses then the punter will also lose the whole amount. 

The same case is with the team England. If a punter places a bet of INR 100 on England will win the match and if England wins the match. Then the punter will get 100+ 55. However, if England loses the match then the punter will also lose the whole amount. 

Moreover, there is another way also to place a bet with these odds. You can place a bet on a losing side based on the probability of winning. 

If the punter places an INR 100 bet on India losing and if India loses the match the punter will get INR 155. However, if India loses the match then the punter will only lose INR 55. 

Furthermore, we have kept these numbers simple for your understanding. But as you will bet online things do not work in the same way. Most of the betting sites put odds in decimal. Let’s see how decimal works. 

Let’s suppose there is a match between India and Pakistan. The online site puts an odds of 1.2 – 3.1. 

If the punter places a bet of INR 100 on India winning and if India wins then the punter will get INR 120(100+{100×1.2}).

As you will see decimals are the proportions in which manner money will increase or decrease based on the outcome. 

Wrapping Up

If you are getting into the cricket betting world whether it is online or offline it is important to know about cricket betting odds. However, these odds will determine how much money you will make in any match. 

You will get these odds online and offline betting also. Moreover, having an overall knowledge of cricket and betting is important. Because then only you can make a proper strategy to place a bet and can win money. There are so many factors that work in cricket betting that analyze all these factors before placing a bet. Moreover, start with small things and do not be greedy. First, try to understand how things are working then only place a big bet. 

There is a huge craze for online cricket betting. However, there are so many sites on the internet. If you are new to the betting world then you can try Marvel Bet. This site is the most trusted one and you will get the best experience.

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