Over the past years, online betting on sports has been elevating at in phenomenal rate. Mostly in countries like India, home to massive cricket fanatics. With the availability of secure betting and an array of gambling sites, online betting is a growing interest for many casual or serious bettors.
But before you jump on the bandwagon like everyone else, there are few things that you need to consider. The first and foremost is “Odds.” How does it work? And why is it really important? Furthermore, the thrill of betting is not limited to just making predictions on the match-winner. These days, many sites offer an in-live betting option, where bettors can place a wager during a running match. Isn’t it exciting? Let’s begin, shall we?
What are Odds and how do they work?
In simple words, odds are the probability of a particular result: win, loss, and draw. During any sports betting, the bookmakers set specific odds that you can wager if you agree on them.
There is a match between England vs. India. If you wish to bet on India, you can do on the given odds that is 1.66. Let’s say you put 1000 rupees in India. You will win, 1660, if India beats England.
Your payout = Wager amount * betting odds.
How to use Betting odds?
The value of odds comes in a higher aspect if you understand its significance in betting, ordinary or in-live. No two sportsbooks have the same betting odds for a particular match. Hence, the bettor must indulge in as many sites as possible. The sole purpose of this mission is to win a more excellent value via different odds that you can find.
Getting the suitable cricket betting odds can help you land a higher deal, given you have made an excellent prediction.
To further understand the usefulness of line shopping. Line shopping is the research you put in to find the best “price or rate” on different sportsbooks. Let’s use an example. Bettor X and Y are both looking to start IPL betting this year. Being experienced punters, suppose their winning prediction rate is 65% accurate. Furthermore, both bettors win 39 games and lost the remaining 21 in a total of 60 games they wagered in.
Now to calculate the profit they made on the odds they found.
Usually, on the market Bettor X, will receive 1.90 odds overall. But in the case of Bettor Y, his knowledge of line shopping lands him an average betting rate of 2.00 odds.
The amount wager by both X and Y is ₹5000 on every match.
Bettor X = 39*0.90+21*(-1) =14.1* ₹5000= ₹70,000
Bettor Y = 39 * 1.00 + 21 * (-1) = 18 * ₹5,000= ₹90,000
As you can see, Bettor Y is making 20,000 more on the same criteria but with more enormous odds. The valuable lesson here is the difference line shopping, or odds hunting can make.
In order to find excellent odds that offer you higher chances of increasing your marginalized profit, you can check out these cricket betting sites. With this knowledge of odds, betting does get more exciting.
Live Cricket Betting Odds
Live Cricket Betting features offer you an extensive range of betting categories. Whether you decide to wager on total runs in the 1st innings, total scores before the next wicket fall, or the next player to be dismissed. Hence, live betting in Cricket or any sports adds a kick to the already thrilling world of gambling.
During these moments, live odds make all the difference in your overall payout. In-plays generally provide many opportunities to beat the bookies and accumulate large profits. However, there is a catch, “Speed.” Typically, when you decide to wager on a game, you weigh in all the factors that affect the match and the strategies used by the players.
The notion is identical in live betting too, but you need to pick up the speed. Since the betting odds offered in the market change simultaneously. You need to develop a more profound insight into the game and stay vigilant enough to spot the correct odds for a possible winning team. These betting scenarios are found in T20 cricket and T10 league matches.
Besides, Cricket, you can also use the experience of skilled live betting in sports like Badminton, Football, Horse racing, Ice Hockey, tennis, Volleyball, and many more. Football is one another sports that offer wide-range of betting market for punters.
At the end of the day, the choices you make affect your winning vastly. Hence, it’s imperative to broaden your horizon when it comes to betting in general.