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With over 2.5 billion fans around the world, it is almost a given that cricket betting is also huge. If you are still new to it, here is a comprehensive guide that can show you the ropes about cricket betting.
Currently, there are three formats of cricket that are accepted and played professionally in leagues around the world. The International Cricket Council is the governing body that sets the rules and regulations for each form of the game. They also provide match officials for every game.
Professional cricket has a recognized format. Each format follows the same basic principles, but only differs in the length of its run.
Test cricket is the oldest form of cricket. It is believed to have been played since 1877. Some refer to this format as “Traditional Cricket”.
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The Test match has been played for the longest time and is also considered the highest standard among the three formats of the game. In this format, two teams of 11 players each play four innings matches. This may take up to five days or longer.
, played at a faster pace than Test matches. They began professional exposure in 1971, but only gained popularity in the 1980s.
In an ODI format, both teams face a fixed number of overs per side (currently, 50 is the amount set by the ICC). It is played with one game per side and a game can last up to eight hours.
T20, or simply T20 cricket, is a new format of cricket played in several professional leagues. Among the three currently accepted formats, T20 is the shortest in terms of game length.
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This format became the most popular in India. It also enjoyed a large following in South Africa and Australia. What sets this format apart is that it has become exclusive to the sport, with some of the world’s biggest professional cricket leagues playing in this format.
In-game betting means cricket betting means you can place bets during the game. Alternatively, it is also called live betting, as you bet your money while the game is live, as opposed to its money.
As in-game betting continues to gain popularity, more and more online bookmakers are starting to offer it on their sites or apps. If it’s something you think you might be interested in, check with your booker to see if it’s something they offer – and chances are, they probably do.
Like all sports gambling you can bet on, there are different types of odds used in cricket betting. Regardless of the format of odds, it generally means only one thing – it tells you the probability of one outcome occurring against another possibility. Also, the odds give you an idea of how much you stand to gain if you win the bet.
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Here are three different types of odds used in cricket betting and how you can read each.
Decimal odds, as the name implies, are written in decimal format. To read such odds, multiply the amount you bet by the odds and this is the amount you will win if you place your money on the winning bet.
Such opportunities are written in fractional form. It is commonly used in games played in the UK. The numbers usually represent the amount you can win (numerator) for the amount you bet (the denominator).
So a sample odds of 10/5 means that for every $5 you bet you win $10.
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American odds, also called moneyline odds, are odds that come in two categories: favorites and underdogs. Favorites are labeled with a negative sign (-), while underdogs come with a positive sign (+).
Regardless of the sign, money line odds tell you how much you can win for the $100 you bet. So if you bet on the favorite with odds of -200, that means you can win $200 for every $100.
There are several cricket betting markets and each of them can offer you a different way to bet. Each market has the potential to offer a greater profit margin.
A league bet is a bet on the outcome of the entire league as opposed to a normal match bet. The rewards are usually high, although the risk is just as great.
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A straight tournament winner bet is a bet on who will win the tournament. Usually, odds include top picks as well as individual fan favorites.
The position of the shooter is something you can bet on. With the statistics of popular football players available online, you can guess which of them can be declared the best at the end of the tournament.
Series betting refers to betting on the outcome of a series of matches as opposed to betting on a single match. A series can be played up to five.
The team that wins the series wins the most matches. Typically, it will be three games out of five.
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A streak score bet is where you bet on the overall score after the streak ends. Bookies usually offer options for this bet, so you can only choose one.
A match bet is the most common type of bet in cricket. This is a straight bet, as you only predict which team will win – or if you think it will be a draw.
With a match bet, you simply bet on who will win the match – regardless of the score or point spread.
Since a cricket match can be so long that one day is not enough, bet whether it can be completed in the same day or not.