Cricket, a game full of glorious uncertainties, is alone capable of providing unhinged entertainment to cricket enthusiasts, but the opportunity to earn money by guessing the outcome of a match makes the entire process even more thrilling.
But earnings profit in the betting industry is not as easy as it looks; there are several risks involved while placing a bet, and there is no guarantee that you will get your money back. The risks might be too overwhelming for a beginner, and that is why this article is here to guide you for your first cricket bet. Keep scrolling to learn more about betting and learn three live cricket betting tips.
FAVORITES AND UNDERDOGS
If you have ever tried betting on cricket, you probably have heard about favorites and underdogs at least once. Every cricket game involves two teams playing against each other, where one is a favorite and the other is an underdog. Favorites have higher chances of winning in comparison to the underdogs and are generally preferred by the masses, especially beginners.
But how does anyone know who is a favorite and who is not?
Simple, by looking at the betting odds. These betting odds are based on the analysis done by the bookmaker, and different odd systems have different ways to show favorites and underdogs.
In British odds, the odds are represented as fractions, and the bets with a denominator larger than the numerator, such as ½, are favorite bets. Underdog bets are the ones that have a numerator larger than the denominator in their fractions. European or decimal bets with a number larger than 2 represent the underdogs, while numbers between 1 and 2 represent favorite bets. In American bets, odds with a positive or plus sign represent underdog bets, on the other hand, odds with a negative or minus sign represent favorite bets. There are two more kinds of bets in sports betting, moneyline, and spreads.
Bookmakers give higher chances of winning to the favorite team than the underdog, but it doesn’t necessarily mean that the favourite team will always win. Odds shouldn’t be the sole factor in determining your betting decisions. Other factors, such as injury and weather conditions can change the entire dynamic of the game at any moment, thereby changing the odds. So, be sure to do your research before wagering your money on any match.
TREAT LONG FORMAT MATCHES DIFFERENTLY
Test cricket is the longest format of cricket and comprises four innings, two for each team, and usually lasts for about four to five days. Because test matches involve more overs and last way longer in comparison to their shorter format siblings, betting on test cricket demands a unique strategy. You should not expect good returns on your test bets if you are using the same strategy that works for your T20 bets.
Certain factors are of higher importance in test cricket than in the other formats. For starters, weather conditions hold much more importance in test cricket as they last for up to five days. Weather overcast on day 3 of a test match can favor the bowling team, as the wind increases the pace of the ball and helps to swing the ball both ways, therefore making it easier for the bowlers to take wickets while making things difficult for batsmen. Similarly, as the day goes by, the cricket pitch tends to deteriorate, and cracks start to form, which may help spinners with the bounce. The last two days of a match are crucial in deciding the final outcome of a test match.
Rain can again have a drastic impact in a test match, as it interrupts the momentum of a team and can also result in a draw if both teams have not completed their innings within the scheduled time frame. It is, therefore, important to look into the weather forecast for each inning before placing any bets on a test match.
QUIT AFTER ACHIEVING YOUR DAILY GOALS
If you could only take one tip from this list, take this one. The number one thing that most bettors struggle with is managing their bankroll. The illusion of winning a huge sum of profit is sometimes so tempting that it fogs our brain into forming an illogical conclusion.
People new to the betting business find it difficult to limit their greed and lose more than what they can afford. There is no denying, the feeling one gets after winning a huge profit is exhilarating, but while trying to reach that stage, people tend to forget their limits and place as many bets as possible in a single day. If you want to develop healthy betting habits, being in charge of your emotions is important.
In addition to a strict betting budget, you should also have a stop-loss limit. Simply because it’s impossible to win every single bet that you make in a day, you are going to lose a few in the ride, and once you reach your limit, you quit. This helps you to not throw cash around mindlessly by reminding your limits.
Losing is a part of playing as it is almost impossible to escape failure. Cricket, just like any other sport, is a game where someone has to lose. So, if you are betting with the only intention of winning, you will be disappointed sooner or later, and there is nothing wrong with that. Don’t get it twisted, it is good to have a winning mindset and put maximum efforts possible for getting bigger profits, but obsessing over money can lead to the route of chasing losses, which is never a good idea.
Never compare your journey with others, as luck plays a huge factor in deciding your fate in betting. While you can’t change the opinion of stars about you, a good strategy will help you earn maximum profit from your bets. So, focus on building a strategy and achieving smaller goals before running towards the bigger, riskier bets.
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