Internet sports betting is spreading in India, cricket takes the lead among the favourite sports. All over the world, from domestic to world level, and almost all these football matches are available for betting. There are some great sites like Marathon Bet that cover all the tournaments in the cricket world, you can take part in all of them.

If you are new to online cricket betting, then you need to understand the cricket odds. Having tried playing cricket, you must have come across the odds for cricket betting presented on the betting sites. They are presented in the form of odds and sometimes in the form of decimal numbers. What do these numbers mean? What is the significance of odds in cricket betting? We will take a look at these questions and give you some tips on online cricket betting. How many times have you been interested in cricket betting and betting in general, you have come across the term ‘odds’. Let’s have a look at what it means.

Generally, cricket odds show the probability of what happens during cricket games. Don’t worry, even if it seems complicated to you at first. We have analysed the 3 most common types of odds in cricket specifically for you with the examples below.

Types of Odds and how to read it

So, in cricket betting, you have to face the following 3 types of odds: At most Indian bookmakers, you can see odds in the form of ‘decimal’ or ‘European’ percentages, also known as ‘European odds’. These are the most common and popular expression for cricket odds because they are easy to read. They look like “1.42”, for example. This indicates that in a given situation your chosen event has a 70% chance of winning. To do this we do a calculation in which 100% is divided by 70% and we get an odds of 1.42. As a result, for every 1 INR you get just 1.42 INR. Simple maths.

It is actually unlikely that you will encounter the other two kinds of odds. You need to know that there are also “fractional odds” and “American odds”.

To display “American odds” you use a number with a positive (+) or negative (-) sign in front of it. Give an example: let’s say there are two teams. Team A: +130 and team B: -160. It is the plus sign that indicates that team A has less chance of winning or is the underdog. To get 130 INR, you have to bet 100 INR. In our case minus means that you have to bet 160 INR to win 100 INR.

There are also fractional odds, also known as “UK odds”, or “fractional coefficients”. Some of these are displayed as two numbers with a slash sign (/) between them, such as 9/1. Let’s say you bet 100 INR. Under this condition you win 900 INR. The right number permanently shows the amount you have to bet to win the amount on the left. It’s as simple as that.

Why do you need to understand the odds?

It is believed that every bettor should know, read and calculate the odds in cricket. For what reasons you must learn to understand them:

• It helps to calculate winnings. In fact, without understanding the odds, it is simply impossible to calculate the potential winnings of a bet.
• To do this, you can make more accurate bets. The bookmaker has pretty accurate odds, which are as close as possible to the real odds of winning, in the case of pre-match betting. Sure the odds are in your favour, you can make more effective bets.
• It also helps to find valuable bets. Valuable bets are those valuable positions where the potential winnings are greater than the odds have shown. For example, a team has odds of 12/11 to win the game. The bookmaker’s prediction of a win is 52.38%. The bookmaker has a 52.38% chance of winning. Generally, if you expect the odds to be more than 60% or even 80%, it will become a wild card bet.

Therefore, knowing the odds in cricket can be useful for you as a player.

Most common cricket bets

For starters, we recommend that you place three types of bets: match bets, best batsman/bowler bets and futures bets:

• On cricket, match betting is a great and easiest type of bet. In this case, you bet on the team that you think will win;
• This is why betting on the best batsman/bowler is a great opportunity to practice your prediction. To do this, you need to bet on the player you think will get the most points at the end of the game. Make your choice by doing a little statistical research on the team’s players and make your judgement;
• Futures betting is the prediction of winning a particular tournament by finishing in first place.

By now you know how to read the odds in cricket and have learned the 3 most common bets in cricket. It is now time to head out and try to win some money on cricket.