It seems you need certain insights in how to interpret cricket betting odds to be a profi in cricket betting. This review is about odds formats, how to read them, and bet with the best conditions. Look in deep to see more opportunities and bet reasonably.
Cricket Odds Formats
The coefficients of bets or odds reflect the possibility of a cricket event outcome. They show how much you will win according to your bet. You should know these three odds types which are applied in cricket:
- Decimal coefficients. They are a number showing the total payout per unit of bet;
- Fractional odds. These odds are recorded as a fraction, for example, 5/1, which means you will win 5 units for every unit bet;
- American odds. They can be positive or negative numbers. Positive ones (e.g. +200) indicate the potential profit for a bet of 100 units, while negative ones (e.g. -150) indicate how much you have to bet to win 100 units.
How to Count Odds
Bookmakers define the size of odds on the prediction of an event outcome and add their margins. The chances of victory are counted on the statistics basis, current teams’ condition, weather and other factors. For example, if the chance to win for a team is 50%, the decimal odds will be 2.00 (1/0.50). A bookmaker can add his margin and set the odds at 1.90.
Types of Cricket Bets
Cricket provides different kinds of bets, so bettors can plan their strategy and combine them in different ways. Here they are:
- Bet on the outcome of the match. It is a prediction on the victory of one of the teams. In Test matches, a draw is possible, so bets can be three-way;
- Handicap betting. The bookmaker gives one of the teams a conditional advantage or handicap;
- Betting on the total. A prediction on the total number of rans scored in a match. The bookmaker sets a certain number and you bet on whether the actual number of rans will be more or less than this value;
- Betting on individual player achievements. For example, the number of runs scored by a particular batsman or the number of wickets taken by a bowler;
- Special bets. These are predictions on certain events in a match: the result of the first innings, the number of sixes, the way a batsman gets out first, and others.
What Influences the Odds in Cricket Betting
The odds in cricket can change drastically that depends on some unexpected factors such as:
- Weather conditions. Rain, humidity and temperature can influence a cricket game a lot. For example, rain weather can help bowlers, which reduces the overall performance of the match;
- Pitch surface. Different types of pitches can help either batsmen or bowlers. For example, a dry and cracked pitch can make it difficult for batsmen to play;
- Physical condition of players. Injuries to key players or their perfect form can change the teams’ chances of winning;
- Results of the toss. The team that wins the toss may choose to bat or bowl first, which affects the strategy and outcome of the match.
Conclusion
Any cricket bettor who wants to win must know and deeply understand odds. The knowledge of different odds formats, such as decimal, fractional, and American, allows you to accurately assess potential wins and risks. What is more, trekking the conditions for odds changes such as weather forecast, pitch coverage, players being fit and coaches decisions will help you to make more informed and strategic bets.
