Cricket Odds

Cricket BallCricket Odds are the prices offered by cricket bookmakers on various outcomes in a betting market. They can be expressed as fractions or decimals, and they tell you how much the bookmaker will pay you if you place a bet and get it right.

For example, fractional odds of 1/1 means that you will be paid £1 profit for every £1 you bet. Fractional odds of 2/1 mean that you will be paid £2 profit for every £1 you bet. Whenever you win a bet your original stake is also returned, and decimal odds include the returned stake as well as your profit. Fractional odds of 1/1 are presented as 2.00 in decimal form, and a fractional 2/1 chance would be 3.00.

Cricket odds are not generated at random, but are a reflection of how bookmakers believe cricket teams are most likely to perform. The teams with the shortest odds generally have a higher perceived chance of winning than those with the longest odds. So, whilst big odds might look attractive, the chances of a big odds bet succeeding are actually quite small.

The odds available about any given selection will change according to market forces, because the bookmaker needs to “balance his books” so that he doesn’t risk too much of a loss on any given competitor. For example, if the world and his wife started betting on one particular twenty 20 cricket team to win the Indian Premier League, the odds for that team would shorten. At the same time, the odds for the other teams that are being ignored by bettors would lengthen.

Cricket bettors can immediately improve their chances of picking winners by taking the available odds into consideration and focusing on teams that the bookmakers – and the betting public – expect to win. Just remember that cricket odds are only indications of expectation, and are no guarantee that a particular selection will win or lose.

Latest Cricket Betting - August 19, 2017

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