šš²š Are you going to join Online Cricket Betting in India? This is a complete guide for beginners, where you learn from basic to rare terms and rules about Sports bets and Cricket bets. Differentiate different types of sports bets and the best online cricket betting apps for Indians.
Table of Contents
Online Cricket Betting in India - Live betting vs Pre-game betting
What is the difference between live betting and pre-game betting?
A live bet is a bet that is placed on an event while it is in progress. Live betting odds can fluctuate frequently, so it is important to be aware of the latest odds before placing a live bet.
Pre-game bet refers to the process of betting before the match happens. It involves the selections you make and wager before kickoff. Any bet you place once the match has started is not involved here and you will not be paid with it if you are making a pre-match bet.Ā
| Characteristic | Live Betting | Pre-Game Betting |
|---|---|---|
| When can bets be placed? | After the event has begun | Before the event has begun |
| How do the odds change? | Odds can change frequently, based on the events of the game | Odds are typically set before the event and do not change until the game starts |
| What types of bets are available? | A wide variety of bets are available, including moneyline bets, spread bets, totals bets, prop bets, and parlay bets | The same types of bets are available as live betting, but there may be fewer options |
| What are the advantages? | Live betting can be more exciting and engaging, as you can react to the events of the game. It can also be more profitable, as you can take advantage of changing odds. | Pre-game betting gives you more time to research and analyze the teams and players involved in the event. It can also be less risky, as you are not betting on the outcome of a game that has already started. |
| What are the disadvantages? | Live betting can be more difficult, as you have to make quick decisions based on limited information. It can also be more addictive, as you are constantly betting on new events. | Pre-game betting can be less exciting, as you have to wait for the event to start before you can place your bets. It can also be less profitable, as you are not taking advantage of changing odds. |
Best Place for Online Cricket Betting in India
Online Cricket Betting in India -Types of Sport Bets in Cricket
It is important to understand different types of Online Cricket Bets in India. This will help you to make informed betting decisions and to minimize your risk of losing money.
Moneyline Bets in Online Cricket Betting
What Is a Moneyline Bet?
- A moneyline bet is aĀ head-to-head wagerĀ where you predict which team will win a specific cricket match.
- Unlike point spreads or totals, moneylines focus solely on theĀ outright winnerĀ of the game.
- The odds are presented inĀ American format, with the favorite indicated by aĀ negative three-digit numberĀ and the underdog by aĀ positive three-digit number.
Understanding Moneyline Odds:
- The odds reflect the implied probability of each team winning.
- The favorite (team expected to win) has a negative value (e.g., -150), while the underdog (team less likely to win) has a positive value (e.g., +200).
- The absolute value of the odds indicates the potential profit for a $100 wager.
Example:
- Suppose India is playing against Australia in a T20 match.
- The moneyline odds are as follows:
- India: -120
- Australia: +150
- Interpretation:
- Betting ā¹120 on India would yield a profit of ā¹100 if India wins.
- Betting ā¹100 on Australia would result in a profit ofā¹150 if Australia wins.
Three Outcomes in a Moneyline Bet:
- Win: If your chosen team wins, you receive the payout based on the odds.
- Loss: If your team loses, your wager is unsuccessful.
- Push (Tie): In rare cases, the match may end in a tie, resulting in a refund.
Tips for Cricket Moneyline Betting:
- Research: Understand team form, player performance, pitch conditions, and head-to-head records.
- Timing: Odds can fluctuate during the match. Consider betting right after the first ball for better value.
- Bankroll Management: Bet within your means and avoid chasing losses.
Spread Bets in Online Cricket Betting
In online Cricket Betting, Cricket spread bettingĀ is an intriguing way to wager on various outcomes within a cricket match. Letās break it down:
Select a Spread: You begin by choosing a specific prediction or āspread.ā For instance, consider aĀ Batsman RunsĀ spread with a quote ofĀ 37 – 43 Runs.
Buy or Sell: Depending on your assessment:
- Buy: If you believe the batsmanās runs will exceed 43, you can ābuyā on the spread.
- Sell: If you anticipate fewer runs (less than 37), you can āsellā on the spread.
Profit or Loss Calculation:
- Your profit or loss (P&L) is determined by the difference between your chosen buy/sell level and the actual outcome level, multiplied by your stake.
Hereās a practical example:
- Letās say you ābuyā at 40 runs with a stake of Rs.100 per run.
- If the final outcome is 60 runs, your P&L would be Rs. 200.000
Totals Bets in Online Cricket Betting
In online Cricket Betting, Totals bets are known as over/under bets, allowing players to predict the combined score of two teams in a match. The sportsbook will set a total, which is the number of runs that both teams are expected to score combined. For example, if the total is 200 runs, then you can bet on whether the combined score will be over or under 200 runs.
Total bets are a popular type of cricket bet because they are relatively easy to understand and because they offer good odds. Total bets can also be a good way to hedge other bets, such as money line bets and spread bets.
According to a report by KPMG India, the total online cricket betting market in India was worth ā¹26,000 crore in 2022. This is expected to grow to ā¹50,000 crore by 2025. Total bets are a significant part of the online cricket betting market in India.
Here are some popular total bets in online cricket betting:
- Over/Under 200 runs
- Over/Under 250 runs
- Over/Under 300 runs
- Over/Under 350 runs
- Over/Under 400 runs
These totals are based on the average number of runs scored in a cricket match. However, the total can vary depending on the factors mentioned above.
Examples for Total Bets in Online Cricket bettingĀ
Imagine an upcoming cricket match between theĀ Mumbai Indians and Royal Challengers Bangalore. The oddsmakers have set the total atĀ 47.5Ā points.
Options for Bettors:
Bettors have two choices:
- Take the Over (o47.5 or OV 47.5): You win if the final combined score totalsĀ 48 or more points.
- Take the Under (u47.5 or UN 47.5): You win if the final combined score totalsĀ 47 or fewer points.
Examples:
- If the Mumbai Indians win 31-21, the total isĀ 52, and bets on theĀ overĀ cash.
- If the Mumbai Indians win 24-21, the sum of both scores isĀ 45, and bets on theĀ under cash.
Push Scenario:
- If the over/under line is 48 points, and the final score isĀ 27-21, the betĀ pushes.
- In this case, the sportsbook refunds all tickets in full.
Pricing and Vigorish:
- Sportsbooks aim for the over to hit aboutĀ 50%Ā of the time.
- They usually price totals atĀ -110/-110, representing an even money matchup plus the vigorish.
Prop Bets in Online Cricket Betting
In online Cricket Betting, Prop bets in cricket betting are bets on specific events or occurrences that happen during a match. They can be placed on anything from the number of fours and sixes that will be scored to the method of the first wicket to fall.
Prop bets are a popular type of cricket bet because they add an extra layer of excitement to the game and allow bettors to bet on a wider range of outcomes. They can also be a good way to hedge other bets or to make a profit even if your team loses.
Prop bets can be placed on both individual players and teams. They can also be placed on specific passages of play, such as the first innings or the powerplay.
It is important to note that the availability of different prop bets may vary depending on the betting site. It is always a good idea to check the betting site’s website or contact customer support to find out what prop bets are available.
Besides, there is some calculation involved in prop bets in cricket. The sportsbook will use a variety of factors to set the odds for prop bets, including the form of the players and teams involved, the conditions in which the match will be played, and the historical data for similar events.
For example, if you are betting on the number of fours that will be scored in a match, the sportsbook will consider the following factors:
- The average number of fours scored in recent matches between the two teams.
- The form of the batsmen in the two teams,Ā particularly the top order batsmen.
- The conditions in which the match will be played,Ā such as the pitch type and the weather.
The sportsbook will then use this information to set the odds for the prop bet. For example, if the sportsbook expects an average of 30 fours to be scored in the match, they may set the odds for over 30 fours at 1.80 and the odds for under 30 fours at 2.00.
Parlay Bets in Online Cricket Betting
In online Cricket Betting, Parlay bets in cricket betting are bets on multiple events that must all happen in order for you to win. Parlay bets offer higher odds than single bets, but they are also more difficult to win.
To place a parlay bet, you must select two or more events that you think will happen. The odds for your parlay bet will be calculated by multiplying the odds of each individual event. For example, if you place a parlay bet on two events with odds of 2.00 and 3.00, your overall odds would be 6.00.
Parlay bets can be a great way to increase your potential winnings, but it is important to remember that they are also more risky than single bets. If any one of the events in your parlay bet does not happen, you will lose the entire bet.
Examples to calculate parlay bets in online cricket betting
Letās explore how to calculateĀ parlay betsĀ in cricket betting. A parlay combines multiple wagers into a single bet, with potential payouts increasing as more ālegsā (teams or players) are added to the betting slip.
Hereās a step-by-step guide to calculating parlay odds and potential payouts:
Convert American Odds to Decimal Odds:
- If the American odds are positive (+110, +130, +400, etc.), use this formula:
- Decimal odds = (American odds / 100) + 1
- If the American odds are negative (-110, -220, -650, etc.), use this formula (disregard the negative symbol):
- Decimal odds = (100 / Absolute value of American odds) + 1
- If the American odds are positive (+110, +130, +400, etc.), use this formula:
Multiply Decimal Odds:
- Multiply the decimal odds of each leg together.
- For example, if you have a two-leg parlay with decimal odds of 2.3 and 1.7:
- Total odds = 2.3 * 1.7 = 3.9 (after rounding)
Calculate Potential Payout:
- Multiply the total odds by your bet amount.
- If your bet amount is ā¹50:
- Potential payout = Total odds * Bet amount = ā¹195
- This includes your original ā¹50 bet, so your actual winnings (profit) would be ā¹145 (ā¹195 – ā¹50).
Implied Probability:
- To determine the implied probability of winning your parlay, divide the potential win amount by your wager amount.
- For example, if your potential win amount is ā¹114 (excluding the initial ā¹10 bet):
- Implied probability = Potential win amount / Wager amount = 11.4 (meaning, for every ā¹1 wagered, you stand to win ā¹11.40).
Teaser Bets in Online Cricket Betting
In online Cricket Betting in India, Teaser Bets allow you to alter the odds on the points spread or totals line set by the bookmaker. In return for adjusting the lines in your favour, the bookmaker reduces the odds offered to you.Ā
This type of bet is used in case point spreads are too restrictive or when bettors find it challenging to pick a side. You can adjust the point spread or total line by a certain number of points (usually 6, 6.5, or 7 points).
Types of Teasers:
- Standard Teasers: Adjust either the point spread or the total line.
- Reverse Teasers: Bet on both sides of a teaser, effectively creating two bets.
For example, letās say thereās a cricket match with a point spread of -6.5 for Team A.
- If you choose a 6.5-point teaser, you can adjust the spread in your favour:
- Team Aās adjusted spread: -6.5 points becomes 0 points (a pickāem game).
- Team Bās adjusted spread: +6.5 points becomes +13 points.
- Similarly, you can adjust the total line (over/under) using teasers.
- The more points you adjust, the lower the odds offered.
Frequently Asked Questions in Online Cricket Betting
Sports betting rules are designed to help the sportsbook determine how bets are placed, settled, and paid out. They cover a huge range of circumstances, but most importantly, cover the sportsbook should any unusual events occur, like a game being postponed or abandoned.
Yes, it is possible that some specific rules and payouts vary from site to site, from country to the next.
Deltin7 Sports is the new betting site for sports fans in India, it is designed for just Indian market, so Indian bettors can enjoy the best deals and quick deposit and withdrawal transfers.Ā
Bet365 operates from outside India and caters to Indian users. It is not banned in most states, exceptĀ TelanganaĀ andĀ Andhra Pradesh, where online betting is prohibited. Users in other states can legally use this online betting site. Similar to Bet365, Deltin7 Sports also accepts Indian users and all transactions are in Indian currencies.Ā
12 in this caseĀ indicates the home and away team in a match. 1 refers to the home team, and 2 refers to the away team. That means the bettor is required to select 1 when he/she thinks the home team will win and 2 when he/she predicts the visitors with score the highest goals in the event chosen.
If the sportsbook has a cash-out feature, you can use this to cash your bet out before it starts. If not, you will need to contact customer support to get a bet canceled. Itās worth noting that cancellation is down to management discretion for most sites, where some will and some wonāt honor the cancellation.
Keywords: Online Cricket Betting in India, Online Cricket Betting Rules, Types of Online Cricket Betting,Ā Benefits of Online Cricket Betting in India.