Cricket dates as far back as the 18th century and is considered one of the oldest sports still in operation in a league. If you’re a fan of the sport and you’re interested in betting on it, you can use our blog post as a helpful resource. In this guide, we will guide you through the information you’ll need to grow your betting strategy to maximize your potential gains.

Pick a Betting Site That Offers Cricket Betting

Lastly, using the American methodology, Australia's odds to win the 2015 ICC Cricket World Cup is -250. Therefore, the implied probability equals 71.43%:  ( 2 5 0 1 0 0 + 2 5 0 × 1 0 0. To complement the vast array of cricket odds that we bring you, we also endeavour to offer expert cricket betting tips and IPL betting tips through our sports blog, The Betway Insider. The Betway Insider is the place to find detailed news, views, and sports betting tips for the action featured in our sportsbook. 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.

If you want to start betting right away, you’ll need to find a betting website that offers sports-related bets. Not all online casinos offer this, but Casumo betting does and allows for multiple kinds of bets. You’ll also get a few welcome gifts for starting up, like welcome bonuses and deposit bonuses that can help you make your first bet.

Cricket Betting Explained

We’re going to assume you’re familiar with cricket, but you’re unaware of what opportunities you have to place your money in a betting format. Most bookmakers now offer an in-depth menu of cricket betting markets, whether it’s bettering on one-day internationals, test cricket, or the popular T20 format. Here are the most popular markets you can take advantage of.

Leading Wicket Taker & Leading Run Scorer

A hugely profitable market such as leading run-scorer batting inside the top 3 positions, can appear, and it’s smart to bet on the batting line-up in limited over cricket. Within both series and match outcomes, better can also punt on wicket-takers in each match or inning.

Cricket Betting Rates Explained Calculator

Series Winner & Match Outcome

Sports betting doesn’t get much easier than this because there are only one of two outcomes: either your team wins or the opposing team does. In Test matches, there’s a third possible outcome – a draw. You can bet on the most likely winner, but it’s advisable not to bet on draws as run-rates continue to increase.

Man of the Match

Man of the Match, or the VIP in other sports games when you bet on the most valuable player in the match. There are multiple candidates that could win this title, so do your research on which players are the best of the best. I recommend looking at a bowler that delivers a spell in which he takes multiple wickets or a batsman that can make quick-fire hundreds.

Highest Opening Partnership

This can be an excellent market for punters, but some batsmen will often struggle against a specific bowler. If you research how individual batsmen compete against bowlers on the opposing team, you can see some impressive returns.

The Best Cricket Betting Strategies

Research is going to be your primary partner during cricket betting because without knowing a fair amount about the teams and their players, you’re not going to make a good prediction. Other things to look at are weather forecasts, where the match is being played, and whether or not the match you’re betting on is a Test match as draws can occur during these games.

The venue can even have a lot of say over the way a player plays and the equipment they use. It’s also important to note that home teams are statistically better players than away teams. Not only do they have their loyal fans to cheer them on, but the home team is knowledgeable on even the small things like how hard or soft the ground is.

When betting on cricket, do research on which individual or team is playing on that given day. Even having knowledge on the players’ preferences can make a difference. Does the batter perform better on hard or soft ground? Some teams may even give up halfway through the series or game if they find winning impossible.

One of the best betting strategies is to keep a close eye on who takes a new ball because a new ball can offer a bowling attack a unique opportunity, which will cause difficulty for the batter. Also, a newer ball will fly off the bat at higher speeds. In ODI and T20, pay attention to when a captain is forced to bowl his lesser bowlers because batters are more likely to target them.

Cricket Odds Explained

Betting Cricket Spread

If you are new to Cricket betting, you will need to acquire a good understanding of how the cricket odds work. Just as when betting on other sports, the odds are presented in decimal or fractions format. You will have the option to set them to view in either format. Understanding cricket odds is easy.

The bookmakers set a profit margin, typically around 7% over and above the possible outcomes. You can keep the margins down by comparing the best odds on offer with different betting sites.
Betting on limited overs cricket is a simple head-to-head market while the draw is a third possible outcome in Test Match Cricket. A betting market is also available on the overall series score. For example, a simple win odds market on a Test Match between India and England may be presented as follows;
India to win 1.5 (or 1-2), England to win 2.75 (or 7-4). There will also be odds for a draw, let us say 3.75 (or 11-4).
If you think India is a good bet to win, a 10 point bet will return 15 points i.e. a profit of 5 points plus your initial 10 points stake. Alternatively, a 10 point bet on England would yield a return of 27.50 or a draw 37.50.

Is Cricket Betting Profitable

If you wish to eliminate a draw from your calculations, most bookmakers provide a “Draw No Bet” market, although the odds will obviously be reduced accordingly on the win options. There is also a “Double Chance” market. You can select your chosen winner and a draw at a combined price. As we will explain in our other sections, the key to successful betting on Cricket is to seek value.

Spread Betting

Spread Betting is a relatively recent innovation and is particularly popular with ODI and Twenty20 Cricket. This opens up hundreds of betting opportunities with in-play markets and a cash-out facility. It has often been likened to investing in stocks and shares and is not for every punter.

As an example, bookmakers may open a spread betting market on the total runs scored by a team in a match. You are then invited to bet higher or lower than their spread. If you are betting on a high score, you “buy”. If you think the score will be lower than the spread, you “sell”. How much you win or lose is decided by how close the final total is to the spread.
Example bet: England are quoted at 250-265 on the spread. You buy at 265 for 2 points per run. If they score 285, you win 20 x 2 points = 40. Conversely, should they score only 230, you lose 40 points (minus 20 x 2). Similar markets are available on runs scored by a batsman or wickets for a bowler. The spread moves quickly as the match develops, giving you the chance to close out and take a profit.

You can take out some insurance against significant losses, for example by implementing a stop loss. It would certainly be advisable to make sure you are fully aware of the risks involved before venturing into this form of betting.

Betting Exchanges

Betting Exchange sites such as Betfair give the opportunity for punters to match bet with other punters. The attraction of the betting exchanges is two-fold. Firstly, it is possible to get considerably better odds matched than may be available with the sports betting sites. Secondly, there is the prospect of managing your bets to guarantee a profit, win or lose. This requires a combination of expertise and the ability to react quickly. The site takes a small percentage between 2 and 5 percent and ensures that all bets are honoured.

Betting Payouts Explained

An example bet would be you backing a team to win with an opposing punter who is prepared to lay that team at the listed price. Punters laying the bets must deposit sufficient funds in their account to cover any losses. For example, if they lay a $100 bet at odds of 1.5 they must have at least $150 in their account. As with spread betting, we would strongly advise caution before entering into betting exchange markets. They can be very profitable for the experienced punter but require very careful money management.

Please be sure to bet within your limits and check out our section on managing your cricket betting bankroll.