Is Cricket Betting Profitable – The first thing every cricket bettor should know is that predicting the winner for an entire season with 100% accuracy is impossible. But apply our expert advice, perfect your cricket betting strategy and you won’t be far from long-term success!
Your odds on each bet slip count. If you only make safe bets at 1.5 (or ½) odds, you can only make a 51% profit in the long run. Combine safer options with higher parlays and odd slips, but never skip your statistical research!
Is Cricket Betting Profitable
To increase your cricket betting, learn to become good at taking advantage of the odds. Our guide will show you everything you need to know!
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You can count professional bettors who have made a fortune gambling alone on the fingers of one hand.
Most punters will only see their profits increase after months of disciplined and strategic betting. Overnight success is just a myth!
An anonymous punter won nearly $130,000 on a bet at a London bookmaker on India winning the Cricket World Cup, but such an event is quite extraordinary.
Without proper knowledge of cricket rules you are betting blindly and odds will always determine your win. You don’t want to play the guessing game. You want your bets to be backed by solid information.
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Having a thorough understanding of the game will lay the groundwork for you to study and understand statistics.
Teams that are currently on a winning streak will have more opportunities to continue on the schedule. Likewise, the losing team will have a harder time breaking the pattern.
It’s always tempting to bet against the trend because of the higher odds, but you may end up losing more often if you keep betting on long strokes.
All this leads to the concept of value. Value betting means interpreting the information to gain an advantage over the house. Basically, this means betting on odds that you don’t think are accurate.
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If you are trying to turn your cricket betting into something profitable, make sure you understand the concept of budgeting.
You don’t want to lose a lot of money on a bad bet. At the same time, you don’t want to bet too much when the potential payout is too small.
Sports betting is a very competitive sector, so bookies will try to win over your loyalty through various tactics.
When betting on cricket, look around and explore what odds are available for the upcoming matches. You’ll be amazed at the options available besides picking a winner!
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It is advisable to compare several sportsbooks if you want to understand how the odds correlate with your predictions and where significant differences emerge.
Stretch your money longer! Split your money between the various online casinos and take advantage of their welcome bonuses.
Cricket fans will always have personal preferences, and it’s very easy to stray from betting on your favorite team. While this is a great way to get more excitement from sports, it is not the best strategy if you want better sports betting returns.
Betting on your favorite hinders objective analysis as you tend to value a team or player more highly than they actually do.
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After a loss, you may be tempted to gamble again in hopes of getting back on track. However, this is bad practice.
A $10 loss can quickly turn to $50, then $100, and, in the long run, you will fall victim to the sunk cost phony.
The sunk cost fallacy represents our psychological tendency to repeat activities in which we have invested time or money, without objectively considering the potential consequences.
In the case of cricket betting, this means that you keep betting even though you are clearly on the wrong track. The most popular sport worldwide is football and it’s true, it is what many countries enjoy including the UK, Ireland and Australia. It is also popular in India but nothing beats cricket in terms of popularity and despite this, cricket is also the most wagered sport in the country.
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MyBetting reported last year that around 140 million people participate in Indian betting on a regular basis while 370 million bet on major events. 80% to 90% of these punters bet on cricket, and when it comes to major events, most bet on the Indian Premier League and ICC Men’s T20.
With those numbers alone, it’s obvious how big the stakes are for cricket in India, but what are the ramifications? What is it about cricket betting that so many people in this country enjoy so much? Let’s find out, shall we?
Many of the best international cricketers hail from India. The reason is, the sport was introduced to Indian society from a very young age. Clinic cricket is widespread in the country and it is a sport you can see people of all ages playing on the streets.
One of the biggest cricket tournaments every year is also held in India. The Indian Premier League is something that not only locals but cricket fans all over the world watch.
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India also had success in the ICC global tournament. The national team won the Cricket World Cup in 1983 and 2011. In 2007, India was also able to win the T20 World Cup. They have also won the ICC Champions Trophy twice which occurred in 2002 and 2013.
Even though they haven’t won the tournament, India has always been the runner-up. They are simply tough opponents in the world of cricket.
And as India was successful in the tournament, more locals were lured into the upcoming cricket. Youngsters dream of becoming great cricketers one day and many continue to work their way into the professional teams to bring honor and of course to enjoy how luxurious this industry is.
Many are also attracted to cricket betting as it is an easy way to make a profit or just a little extra money. It’s a fun activity that can let you win money, so who doesn’t love that?
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India naturally also loves gambling activities. Apart from cricket betting, card games are also very popular. That’s why there are traditional Indian card games that are popular all over the world such as Teen Patti and Andar Bahar.
Even people abroad used to bet on cricket events. This is because cricket is a fairly simple sport. Easy to play, so easy to understand. International cricket tournaments are also growing in popularity.
Also, if you choose to focus on cricket betting, you will be happy that there are major cricket events throughout the year. Cricket has one of its busiest calendars so if you are turning a profit that is ideal. There is no need to wait till the end of the season as big cricket leagues usually face each other.
Cricket betting has seen a significant increase over the last few years. This is mainly thanks to the internet. Now it’s easier to bet because of online sportsbooks. Since online betting is in a gray area in India, many are free to participate in it.
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Until now, the Public Gaming Act of 1864 became the basis for gambling regulations in the country. This law is so old that it is not mentioned anywhere on the internet. You would think that the Information Technology Act of 2000 would also mention online gambling, but it doesn’t.
Hence, Indians can place their bets in offshore casinos whenever they want without getting into any trouble. Many prefer to gamble online as gambling is only regulated in three states in India namely Goa, Sikkim and Daman. Of course, not everyone wants to travel to these places every time they want to gamble.
India’s internet connections have also improved a lot over the years. More and more people also have access to the latest mobile devices. Because of this, most of the bets placed online are made by mobile users. This is why online betting operators are now releasing betting apps. Those who don’t make sure their site is optimized for mobile use.
The cricket betting industry is estimated to be worth 150 billion USD. GiiResearch reports that it is projected to reach 182 billion USD in 2030 with a CAGR of 10.2%.
Cricket Betting Pitfalls To Avoid
It is unlikely that cricket betting will lose its vibrancy in the years to come. India continues to enjoy cricket and betting naturally comes with it.
Get the highest odds available for cricket matches today on RajBet online betting platform. Free bets for new players, easy interface to deposit and withdraw, 24/7 support. Cricket is a popular team game considered a national pastime in England and India. Opponents meet on the gridiron to play with bats and balls in search of victory. It’s an exciting spectacle that appeals to sports fans from around the world, and has many advantages. Before and during the match, it is possible to place bets in betting shops in India. Studying the pre-match lines with known probabilities of events helps sports strategists make profitable bets.
Many Indian users often bet money on the victory of their favorite team. In terms of the balance of power in this game, it’s not as easy as understanding football, so sometimes it’s easier to pick one favorite. After all, the ability to analyze the situation and weigh the possibilities
