How To Bet In Cricket Match

To live bet on a cricket match, go to the live betting section of the betting site and select ' Cricket '. You will be able to see all the available live cricket matches. Because of the scoring system in cricket, live betting on the sport is very interesting, entertaining, and rewarding. Match Betting in Cricket The popularity around betting on cricket really kicked off in the UK during the 2005 Ashes series, and since then it’s continued to grow. It’s possibly not the sport that most people think of when they first think of online sports betting, but with the right approach and the right strategy, there is plenty of money.

So the Cricket World Cup has come around and most of the teams have played at least one match now with the pre-tournament favourites, South Africa, Australia and New Zealand all looking pretty good. England and the West Indies do not look so good and it’s hard to see these teams making it very far in the competition. It’s also good to see Afghanistan play as it looks like they won’t be allowed into future competitions.

Note: For those who don’t know what cricket is, you can check out this explanation.

How To Bet In Cricket Matches

On a personal note, I have tickets to a couple of games including the semi final so I am optimistically hoping for an England and New Zealand match-up.

Of course, apart from playing and watching the game, betting on it can also be a bit of fun and these days it’s possible to trade cricket matches online using the sports betting exchange, Betfair.

How to trade cricket matches with Betfair

Betfair is a UK based sports exchange which may not be available to US customers but still it’s a great platform if you can get access to it.

There was a report a few years ago that at least 90% of those who use Betfair lose overall, so remember that what we are talking about here is high risk; it’s gambling after all.

Step One

So the first step to trading cricket matches on Betfair is to find an upcoming cricket match and check out the odds. So there’s a big match happening on Sunday which is between South Africa and India and you can see from the image below that South Africa are favourites with odds of 1.57 to back and 1.6 to lay while India are underdogs with odds of 2.66 to back and 2.76 to lay.

What this means is if you bet £10 on South Africa, you’ll get back £15.70 if they win. £10 (your initial stake) plus £5.70 (profit).

If you bet £10 on India, you’ll get back £26.60 if India win. Of course, if you’re wrong you lose the £10.

The neat thing with Betfair is that, unlike traditional bookmakers, you can place a bet (back), then sell it (lay) at any time before the match is finished. This includes when the match goes in-play.

And if you do this well enough you can then be sitting on a tidy profit, which ever way the result goes.

Step Two

So we know how to place a bet, the next thing you need is a strategy and as with anything there are numerous options that come to mind.

Bet outright

First of all, you can do your homework on the two teams, compare their form, the quality of the players, the conditions of the pitch etc. and then make an outright bet on the team you think might win. This is the standard approach. If you want to get technical you could look at the cricket statistics, draw up all sorts of spreadsheets and analysis, compare the real odds to your calculated odds then use a Kelly calculator to optimise your bet size.

Trade the pre-market

Just like stocks you can also trade the pre-market, or in other words you can bet on either cricket team and hope to make a profit before the game even starts. If a key player gets injured, for example, this could change the odds significantly and if you bet the right way you can lock in some profits before the game goes in-play.

Trade the match in-play

Another option is to trade the match in-play and again there are numerous possibilities. You could simply watch the game and if you feel one team is in better form and more likely to win you can make a bet. If they start to tail off, you can then sell the bet for a loss or profit.

Alternatively, you could bet on a team after a significant event, such as after a wicket has fallen. In fact, there have even been studies to show that this could be a profitable strategy.

This research paper, for example, looks at in-play betting markets and shows one interesting idea. It says that when the team batting first loses a wicket, the betting markets often over-react to the event. Backing the first batting team when they lose a wicket is suggested to be a profitable strategy resulting in returns of ‘20%’.

Combine strategies

Another idea is to use your judgement during the match. Look for moments where the odds look mis-priced then make a trade. Do some research into possible batting totals and match scenarios then look for moments of value.

For example, South Africa are a very good team, so if they happen to get off to a bad start, there might be value in betting on them then, because the odds will be much better.

The great thing about cricket one day matches is that they last a long time and they are often close and exciting. This means they tend to give a lot of opportunities to close out a bet. I used to read this blog of a Betfair trader quite regularly and there are some great tips on there about cricket trading and betting in general.

Just sit and watch

Whatever you choose to do, bet or no bet, just remember first of all to sit back and enjoy the game.

Thank You For Reading

Joe Marwood is an independent trader and the founder of Decoding Markets. He worked as a professional futures trader and has a passion for investing and building mechanical trading strategies. If you are interested in more quantitative trading strategies, investing ideas and tutorials make sure to check out our program Marwood Research.

Disclaimer

This post expresses the opinions of the writer and is for information or entertainment purposes only. It is not a recommendation or personalised investment advice. Joe Marwood is not a registered financial advisor or certified analyst. The reader agrees to assume all risk resulting from the application of any of the information provided. Past performance, historical or simulated results are not a reliable indicator of future returns and may not account for real world settings. Financial trading is full of risk and margin trading can lead to financial losses totalling more than what is in your investment account. We take care to present accurate analysis but mistakes in backtesting and presenting of analysis regularly occur. Please read the Full disclaimer.

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Playing cricket and betting on cricket are two different animals. One must know the difference. Watching a cricket match can be a lot of fun. It’s completely different when there is money riding on the game. Part of placing a good online cricket bet is knowing the difference between a good team and a bad one. To that end, here are some helpful suggestions for placing a good online cricket bet.

How To Bet On Cricket

Don’t get into the habit of betting on your favorite teams. Sometimes the underdog is the best way to go. Everything is fine and dandy when the favorite team is winning. What happens when this team starts to go downhill? Keep the options open. Base the bets on performance. Never become too attached to one particular team. Cricket is like anything else, things change base on which way the winds blows.

Do a little homework on the situation. Take a team of interest and put them into a keyword search. Find out how the team has performed in the past. Find out the current odds on them. It’s always surprising how many people don’t do their research. Then they walk away surprised that things didn’t turn out the way they wanted. It might take some time and effort, but it will pay off in the long-run.

A good thing to look at is the trading deadlines. Don’t start bragging about a specific team, unless the odds are working in your favor. This is a common mistake many make in cricket. Many assume the team of their choice will win. They go on hearsay. This is the wrong approach, especially before a big match. Make sure all the ducks are lined up accordingly. If the trading sheets are not working in a person’s favor, figure out a different route.

If a player or team is going through a rough patch, they might not be worth holding onto. Sometimes, however, the gut will signal something different. If the gut is very strong, go with it. Even if it means not abandoning someone, go with that feeling. Check the teams that are of interest each and every day. All it takes is 15 minutes to go over the details. A person’s day is not so busy, that they can’t take the time to do this. If it’s important enough to make the bet, you’ll carve out the time.

Today Live Cricket Match Live

There could be a lot of teams which will make a good bet. Will they bet there for this match online? Will there be an injury which puts a player out of commission? Knowing this a head of time, it will save the better a lot of heartache. Interested in knowing more tips to gain the competitive edge in cricket betting? Go online and look at some of the forums. Read about what other betters have to say. Just get out there. Play it smart and have some fun!

Sports betting is gaining popularity after the online betting options were introduced. Today, cricket is one of those popular sports for bettors. In the past few decades, cricket betting has increased significantly. This is largely because of the increasing cricket club matches and tournaments shown on television worldwide. The best part of cricket betting is that players are allowed to choose from a variety of different wagers to place their bets. Winning chances are high in cricket, because this game is played for hours and betting options are plenty. Here is some information for those interested in learning more about cricket betting online.

Major events

Cricket tournaments are played year-round. However, there are a few major events that draw millions of fans’ attentions every year. Some of the notable major cricket events are the ICC World Cup Championship, the ICC Twenty 20 World Cup, IPL or Indian Premier League, and the Champions’ League, the Ashes and the ICC World Test Championship. While some of these major cricket events take place every year, some are held once in every two to four years.

Types of bets

Match Betting

This is the most popular type of cricket betting available. To participate in match betting, one should choose one the two teams playing the match. Based on statistics of each individual team’s performance in recent ODI matches, cricket fans can place bets. Such match betting is based on the winning of the individual team, their performance in the tournament, and odds. The odds are often determined for a winning favorite when a match is a tie.

Tied Match betting

A number of bookmakers place wagering on test matches to win as per the possibility of the matches ending in a draw. This bet is commonly known as Draw No Bet. If a match is a tie due to bad weather conditions or the match is decided in a few playing over, then the winning is decided based on the wager placed on a side to win or draw. Bookmakers can also place bets on both the sides to improve their winning chances.

Series Winner

Such bet type is based on the results on a three or five game series. The wagering on the series can be placed on the individual matches or on the entire series. Players will have to pick a side to place their bets before the cricket series starts.

Outright Winner

Such betting type is applied only for championships and tournaments. The wager placement is only for the selected team that the player wants to win the tournament. This is one of the difficult betting options in cricket, because finding the right winning team is no easy feat. It is better to shortlist and bet on a few teams before selecting the outright winner for the tournament.

How To Bet In Cricket Match Results

Cricket Betting Tips

How To Bet In Cricket

Although the betting market for cricket is not vast, the winning opportunity for each player is quite diverse. As cricket betting is easy, one can easily make profit on cricket betting. That doesn’t mean that bettors with limited knowledge about cricket can play and win every time. Learning more about the game surely does help the bettor to find more about statistics and increase his chance of winning in every match.

Cricket Live Video Match Today

Studying cricket statistics is highly recommended. This will in turn improve the bettor’s knowledge on each team’s strength and weaknesses. Also, it is very important for the individual to learn more about the format of cricket betting. The game has three formats: test, ODI and T20. While certain players shine in T20 matches, many excel in test cricket and one day. Historical results, stadium statistics and home country records are some of the important factors in cricket too. Other important pointers in cricket that determine the winning are pitch conditions, weather and time of the matches.