With a growing number of cricket leagues around the world, bettors today have more cricket betting opportunities than ever before. Gear yourself for the cricket season with our step by step guide that covers all you need to know about how to bet on cricket.
1. Choose a licensed online cricket bookmaker
One of the most important decisions for a bettor is to choose the right bookmaker. To ensure a safe and secure betting experience, make sure the betting site you choose is licensed and regulated by reputed gaming authorities.
2. Open an online account and make a deposit
After finding an online cricket bookmaker that suits you the best, proceed to open an account and make a deposit. It takes around 2-3 minutes to complete registration and activate your account.
Most of the top betting sites now offer local payment methods such as UPI, PhonePe, NetBanking, and GPay. Neteller and Skrill are the most widely accepted E-Wallet payment methods at leading bookmakers in India. Some betting sites may require KYC verification in order to make a withdrawal.
3. Find your match and view latest cricket odds
Now that you’ve added cash in your sports betting account, you are just a few steps away from betting on cricket. Choose cricket from the list of all sports on the bookmaker site, navigate to the match you wish to bet on, and find the latest odds offered by the bookmaker.
Before you decide how much to wager and which team to bet on, it is helpful to read up on match previews, predictions, and stats. An insight into the current form of players and teams backed by research from experts will give you an edge over the bookies.
4. Place your bet
The top online cricket bookmakers offer a wide range of betting options or betting markets. You can choose to bet on outcomes such as Match Winner, Top Batsman, Man of the Match, Most Fours, Most Sixes, and many others.
Make a calculated prediction and place your bet on one of the outcomes. In the bet slip, you can view the minimum and maximum stake and the potential winnings on your bet.
How To Bet Online
A host of online betting sites are available for players in India. Selecting the right bookmaker that is fully licensed and secure is a good starting point for betting online. It is best to check the payment methods supported by a bookmaker before you open an account and deposit money. A betting site review is a good resource to make your own research and find out if that bookmaker is the best for you.
Stay updated with the latest odds and explore all the betting markets for your match. Gear yourself with knowledge about the teams, players, and conditions before you place a bet online. The above betting guide covers all the steps and is recommended for players new to online betting.
Cricket Betting FAQs
See below for a collection of frequently asked questions by other punters betting on cricket.
How To Bet On Cricket & Win
The unpredictability of a cricket match means there is no guarantee of winning every bet. Consequently, a good betting plan focuses on increasing the chances of winning in the long run. Some of the things to consider are bankroll management, match research, best betting odds, and a licensed bookmaker to place your bets with. Never chase your losses and always remember online betting is a recreational activity meant for having fun while watching a live cricket match. Betting is not supposed to be an alternative way of making money.
How To Check Cricket Betting Rates
Search the top online betting sites and navigate to the cricket section of a sportsbook. You will find all the live and upcoming cricket matches listed on the page along with the cricket betting rates. You can choose to view these rates in Decimal or American format. Betting rates are also commonly referred to as betting odds on most online bookmakers.
How To Read Betting Odds
The basic function of betting odds is to help you calculate the returns on your stake. For example, if you bet ₹1000 on India to win at odds of 2.10, your bet will return ₹2100 if your team wins. Your profit in this scenario will be ₹2100 – ₹1000 = ₹1100. Though an important one, it is not the only purpose the betting odds serve.
Betting odds also indicate the implied probability of an outcome as perceived by the bookmaker. This can be calculated by dividing the betting odds by 1 and multiplying the result by 100. Hence, Implied Probability = (1/betting odds) * 100. In the above example of India to win at 2.10, the implied probability will be (1/2.10) * 100 = 47.61%.
Is Cricket Betting Legal
While mostly gambling in India is illegal, there is no law against online cricket betting. However, the laws around online gaming may differ from state to state. Andhra Pradesh is one such state that has passed a law against online betting. When it comes to legality, online gambling has remained a gray area for a long time. In 2018, the law commission of India constructed a legal framework for legalisation of gambling and sports betting in India.
While this has failed to become a topic of public debate and consequently there seems no certainty around when cricket betting in India will be regulated. Until then punters in the country will gamble in the gray area where neither the online betting market is regulated nor illegal.