Last Updated on 4 years by Charbel Coorey
Guide to Online Cricket Betting: Everything you should know | Online cricket betting tips: Here is everything you need to know to help you
Because of the effect of the COVID-19 pandemic, many of the normal betting systems have shifted into online modes for their customers. Online betting in sports is now becoming a craze among the bettors, who may have used to bet at the physical betting places.
In , the sports games are at their peak to give people the chance earn money. Online sports betting covers every game, including cricket, basketball, football, golf, horseracing, car racing & all the games where people can predict the winners, losers or any event (any reason to place the bet & potentially earn).
Making online bets is quite simple, and online sportsbooks offer many aided advantages (joining bonus, credits, free bets etc.) than the physical bookies. However, the novice online bettors can have some trouble placing bets online as they are new to online betting systems, and need to be aware of a few key things to keep in mind.
To make online betting easier, we are giving you tips and tricks so that you can focus on giving yourself the best chance of making good bets.
Let’s start with the basics of betting odds during any cricket match:
Suppose two teams are set to play the cricket match. Let’s take India & England.
Earlier, bookmakers used to set the betting odds value. In online betting systems, the virtual bookmaker (sportsbooks) calculates & sets the betting odds for the different match results & events.
The betting odds will be set for:
- India’s win or defeat
- England’s win or defeat
- Match draw
| Match scenario | Betting Odds |
| England | 1.73 |
| India | 4.50 |
| Draw | 5.35 |
How is the payout calculated?
| Payout= Wager amount X Betting odds |
If you place a bet on India’s win based on the above odds on a wager amount of INR 1000, then you will receive the following if India win:
| 1000 x 4.50 =4,500.00 (payout) |
This would be your winning amount if India win. If you lose the bet, the only wager amount you will get back will depend on the sportsbook’s policies. Some online betting websites may offer your wager amount (INR 1000) back even on losing the bet while some of them deduct a little commission percentage (INR 1000- commission percentage). There are also those betting websites which return back zero amount if you lose the bet.
It depends upon the betting site you pick as different sportsbooks runs with different betting policies for offering winning & losing bets.
But if you bet on England’s win with 500 INR wager, then your amount will be-
| 500 x 1.73 = 865 (payout) |
When match draws-
Your payout on 300 INR wager will be-
| 300 x 5.35 = 1606.5 |
Higher betting odds mean the result is less probable in the eyes of the bookmaker. Also, the higher the odds, the higher the payout potential. However, keep in mind that significant research and knowledge should go into making any betting decision.
Types of Popular bets in Cricket:
- Straight Bets: Bet on win or defeat of the teams.
- Proposition bets:
- Amount of wickets by any bowler
- No. of sixes/fours by an Indian batsman (This can be Virat Kohli, Rohit Sharma or anyone)
- No. of sixes/fours by an England batsman (Joe Ro
bot, Eoin Morgan, Tom Curran or anyone) - Under/Over Bets: Betting on total scores of both the teams (total runs, total 4s, 6s, wickets etc.). The bettors place the bets on under/over scores & try luck on how strong their prediction is.
Tips to use betting odds for your higher ambitions:
- What is the very first tip about how to win the half battle of online betting? Always pick a website that offers competitive betting odds. Out of the available betting options, you need to pick the right website (that is safe, of course. More here), that offers the same bet with higher betting odds. You will win half the battle already.
- Betting odds on cricket not only depends on making the wagers & placing the higher wager bets (straight bets or proposition bets), but on picking the right website which offers more payouts (higher betting odds).
- Your prediction on win or defeat could be 100% right that will make you win the bet but the betting odds will make the difference. The returns on the bets with the highest betting odds are always greater & are compounded in the future if you play for a long term.
How will you find the best cricket sportsbook with higher betting odds?
- Search furiously: Picking the right cricket betting site is like shopping from one shop after you have already visited many shops to find the best shirt at the best price. The same concept holds here. In this internet world, there are thousands of betting sites. Explore furiously & pick the one that is offering more betting options at flexibly higher betting odds. Make sure the website is safe and reliable.
- Never hurry: Always remember haste makes waste. So don’t rush to put your money in any bet until and unless you are sure about the betting site’s authenticity, reliability, security & paying options.
- 24/7 Customer Support: This is a crucial factor you should look at while picking the online betting site. As in online betting, being at home or your place of comfort, you can place the bets in the early morning, afternoon, midnight or any moment. Hence, customer support is viable. If you get jammed while risking your money, the guidance & support will save you. Online sports betting sites have been a new point of focus for punters. Pick the right one accordingly.
- Flexible Payment Options:
- The sportsbook must support different payment modes as per your comfort. It should allow various modes like bank transfer, Visa Cards, Neteller, ecoPayz, Skrill, UPI, PhonePe, Paytm, Google Pay etc.
- Apart from the above-mentioned factors, there are many other factors like freebies, bonuses, credits, etc. but the above-ones are more important than the former.
Hopefully you get a clear idea about the betting odds, calculation of your payouts & returns, and learn the tips for picking the right cricket betting site.
