The market
rate is simply the odds that are given to each team playing in that particular
match. A good example is England playing against India and in this instance;
England is given an odd of 1.6 to win the match. What this represents is
probability or the likelihood of England winning this particular game.
This is a
reflection of the chance of winning the match the bookmarkers have set for
England. The chance can be converted into percentage by simply dividing the odd
given by one. That is 1/1.16. This gives you the probability given to England
to win this match, which is, 0.86 multiplied by 100 to give you 86%.
Understanding Probability
Understanding
this probability and what it implies will go a long way in helping you if you
want to be successful at betting in the world of cricket. So practically let us say that you have placed a bet on an
upcoming match. If you win the bet, what does it mean for you? The converting
rate is usually calculate by multiplying your stake by the odd given. So if you
place $10 for the game and the odd is 1.6 you multiply this by your stake,
which is 10*1.6. Your profit on the other hand is your total winning minus your
stake, which is 16-10. In this example, your profit will be $6.
The most
important thing to do when betting is that you should only place a bet when you
have a betting value. A betting value is calculated by multiplying the decimal
odds by your assessed probability. In an example, lets but England up against
South Africa in a test match and the bookmarkers give South Africa odds of four
to win this particular match.
Finding Good
Odds
You conduct
your research and find that South Africa has a 30% chance of winning this
match. You will find your value bet by multiplying the odd given (4) by your
assessed probability in this 0.3 then subtract 1 from this. That is (4*0.3)-1.
The value will be 0.2 you have a value bet whenever the value you calculate is
greater than zero. In this case, the odd being 4 and your assessed probability
30%, there is a 20% value in this odd offered.
The main reason
you should bet on value odds is that in cricket betting, the key to success is
in making a better assessment than that made by bookmakers in their odds.
Continued exercising of this will ensure that you become an excellent cricket
better. In the above example, the bookmarkers gave South Africa an odd of four,
which is a 25% to win, and in your analysis, you gave it a 30% chance of
winning.
This presents
a great opportunity to place a value bet as your analysis shows that you
believe South Arica has a greater winning chance than that presented by the
bookmarker. It is mainly about betting on matches that you believe have better
possibilities in your assessment than the ones given by bookmarkers in their
odds.
Of course,
not all bookies provide high-value odds. Some betting sites are better than
others. Take 22bet as an example. Not
only does it offer competitive odds but it also gives out generous bonuses to
players.
Read a comprehensive review of the bookie, 22bet
Sports: Full Review & Registration to learn more about its odds, games,
and registration process. Find out what bonuses it promotions, payment options
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Types of Bets
The numbers
of ways in which you can bet in cricket have increased as most bookmarkers now
gave a wider menu on cricket betting giving you the opportunity to exploit a
wider value betting range than before. You can bet from T20 format that has gained
popularity, the one-day international games or even the test cricket matches.
The most
common and most betted on market in cricket is obviously the outcome of the
match. We have only two possibilities in limited over matches, which are either
of the two teams to win.
There is however,
another possibility that presents itself in the test matches which is a draw.
In a series outcome, it gets better as you can bet on a winner and the exact
score of the series. However always remember that the chances of drawing are
decreasing due to increase in rate rates when placing a test match bet.
When it comes
to leading run scorer and wicket takers, bettors can punt on this in each match
played. It is a highly profitable market for you to bet on due to occurrence of
trends every now and then.
You can also
bet on high opening partnership as it is often noted that some batsman can
struggle while facing a particular bowler. As such, if you conduct your
research well on how certain batsmen perform against certain bowlers, you can
get great returns from this.
The Player
Factor
Like in any
other sport, there are always those stands out players that have a certain x-factor in their style of play. This gives
them the ability to put on a show in their performance and win the match. You
can bet on this in the man of the match market as a good batsman or a bowler
that is known for taking wickets are good candidates for you and would yield
very nice returns.
Another field
that is growing in popularity is betting on the number of boundaries, from
fours to sixes. This can be because of a term match up that has players who
have the ability to easily hit these numbers or batsmen than can easily work
the ball and get fours. You should also consider the ground the match is played
on as some favor hitting six due to their small natures or high altitude
atmospheres that allow the ball to glide in the air flying further.
Playing
Conditions
Before
placing your bet you should also know the conditions to expect as no other
sport in the world is affected by playing conditions more than cricket. Any
cricket bettor knows that knowing the weather that will prevail during the game
is important. This will enable you to gauge if the weather will have an impact
on the game. Rain is normally expected in test matches. This comes naturally,
as over a spell of say five games, rain is expected and this will enable you to
know how much playtime will be lost.
