Cricket odds are the backbone of the betting exercise. They determine your potential of winning or losing. As a bettor, it’s essential to understand their importance and how to use them. It will help you make the right choices and increase the likelihood of winning more. Here is all the nitty-gritty about odds that will change your betting as a punter.
What are Cricket Odds?
Odds are numbers you come across while betting in fraction or decimal format. An example; Team A 1.66, Team B 1.99, and Team 2.00. Cricket odds have two purposes when you are placing your bet. One, they play a huge role in determining your potential winnings. Online sports betting odds determine how much you will earn from your wager money. The higher the odds, the more money you are likely to win and vice versa. Secondly, they reflect how an event will play out. Here’s where the reverse rule comes into play, whereby the lower the odds, the more likely an outcome will be. So, what are the types of odds available?
Types of Odds
Now that you know the odds, it’s time to know the different types. There are three most common odds, namely:
- Decimal odds
- Fractional odds
- American odds
Decimal odds
In sports betting, decimal is the major format of odds used by most bookmakers for its ease. In this format, the odds are mostly up to two decimal places as a single positive number. The single positive number shows the total payout a bettor would receive, including the actual stake per unit.
Example:
A winning wager at 2.5 indicates that the total gain would be INR205 per every INR100 you bet.
Total return = Your bet x Decimal Odd Number
Therefore the total winnings calculated also include your stake and the return paid out by calculating the actual odds. So, at 9.00 odds, you will win INR800 for every INR100 that you bet, giving a total of INR900. So when you are betting for live cricket matches, the highest live cricket odds are the best.
Fractional/UK/British Odds
It’s a traditional format and is mainly used in the UK. It’s a tricky format, but its basic principle is workable—an example of how the odds are represented as fractions 3/1,5/1. You win three units for every unit you stake. Your total potential earnings also include your original stake.
However, it gets tricky when fractions like 11/10 or 6/4 are on the list and are known as odds against. It means you win 11 units for every ten units that you stake. Other examples of odds are 4/6,1/7, or 2/4.
So, before placing your bet in fractional odds, you need to understand how they work.
American/Moneyline/US Odds
This type of odds is mainly used in the United States. The minus sign shows the favorites meaning you have to stake the mentioned amount to win INR100. The plus sign indicates the competitor who has less potential of winning and the amount you win for every INR100 wagered.
When you use this format, you get the original wager back together with the amount you win.
An example: Team A: +525 ,Team B -700
It means that team A’s chance of winning is slim. If you bet for Team A, you need to stake INR100 to win 525. So, if your bet wins, you will earn a total of INR625.
If you bet with Team B, the probability of winning is high, and you need to wager INR700 to win INR100. So if you win, the total amount you take home will be INR700 plus INR100, a total of INR800.When doing any sports betting, be very careful when placing your wager and check for the highest odds.
How To Find The Highest Cricket Odds Online?
As a punter, you don’t just place your bet. You should try a different sportsbook to get the highest odds when sports betting, especially in cricket. Picking a cricket betting site with the best rates is similar to going to various stores to compare prices for different products. You should check different sportsbooks and see which one offers the best live cricket odds. You go through all these sportsbooks until you get one with the highest rates.
Where Do We Find The Best Cricket Betting Odds?
It depends. Mainly good betting odds generate when betting sites make mistakes or try to offload a significant action they have received on another side. Therefore, this happens with different frequencies at different sportsbooks.
However, Playsqr Sports Betting sites regularly offer better betting odds than others on cricket. But it’s good to check multiple sites to determine the best odds.
Betting has become like a career to some people. If you want to become a punter and earn money, you have everything you need. The information will help you get the best rates to earn you more money.
