Cricket is, without a doubt, one of the biggest sports in the world. In India, it is considered the biggest one, as you would expect almost every sports-savvy Indian to have at least the tiniest interest in the sport. It also has a huge following in other commonwealth countries such as England, Australia, South Africa, and New Zealand. Interestingly, a huge number of people are not even aware of how cricket works and what sport even is, even if it is considered the third biggest sport in the world. Consequently, in the same way, that people love watching and supporting cricket, betting on it has a huge following, too.
Nowadays, you can bet on cricket through many different means and channels. Although temporarily affected by the pandemic, there is, of course, the live watching of the game. Alternatively, one can also stream a live cricket match through supported sites or channels. Regardless of how people consume the content, they still love wagering for it, which leads to people’s interest in cricket betting.
Whether you are new to betting as a whole or just newbie to the world of cricket, here are some of the most essential things you need to know about cricket betting.
What you should know first
Regardless of what you are betting on, there are some general basic things that you need to know before you get started on wagering your money for sports. Here are some of them.
Your bankroll
When you gamble, you have two options: to gamble with money you could have spent on life’s necessities or to gamble with money you can afford to lose. A responsible gambler wagers with the latter, and this is called your bankroll. It is, however, not enough that you have one. You must also learn to manage it well so as not to lead yourself to exhaust it and going bankrupt.
The odds
The odds are the numbers that dictate not only the probability of an outcome happening or not (which is its technical meaning), but also tells you how much profit you can earn on a bet, should you win said wager. Most of the time, this is not about the chances of a team winning over the other, but more of the bookmakers luring you to take a certain side so they could max out the profits from the bets regardless of the game result.
The basics of cricket betting
There are many ways you can bet on cricket, and some of these ways can be as complex as it gets. However, if you are a newbie, you can easily get into the game by just learning these basic and easy ways to bet on the game.
Match bet
A match bet is a simplest and easiest bet you can make. In this, you simply predict who will win in an individual match. Betting like this is fast, easy, and can also yield faster profits (although not as generous as other types of bets).
Tied match
This type of bet is also known as the “Draw No Bet,” this can be a failsafe bet for some players along with a match bet in rare instances that a game needs to be stopped without a winner declared. This can sometimes happen due to bad weather or other technical issues.
Outright winner bet
This is a bigger bet compared to a match bet, as this will have you predict the overall champion of a season. Usually, the odds for this kind of bet is more volatile and unstable as that of an individual match, although if won, it yields significantly higher profits, too.
