In short, the published cricket betting odds will tell you that this team is the odds on favorite to win the match. Also, the cricket betting odds will tell you about your potential payout. When you wager INR 1,000 on the Mumbai Indians to win the match, the potential payout is calculated at INR 1,540. This means that when you bet on cricket using the prevailing odds at that wager, you can collect a profit worth INR 540.
You can bet on India to win, for the match to be a draw or for Australia to win. If you bet on India, you can do so at the odds of 1.66. This means that if you bet 1,000 rupees on India to win, you would receive 1,660 rupees if India beats Australia – you get back your wager of 1,000 rupees plus 660 rupees which is your winnings. Wager amount x betting odds = Payout
Best Places for Cricket Betting Odds Online. Cricket’s reputation and popularity across the world mean it is a key part of the sports betting services offered by a host of sites. However, answering the key question as to which provider is the best for cricket odds is not so simple.
To win the match, South Africa odds is 2.30. It means that if you place 1000 INR to south Africa win and if South Africa won then you will get 1000X2.30 = 2300 in return. In which, 1000 rs is your stake while 1300 rs is your profit. For desi odds, these odds will be like England 61-65 P Fav.
What Do Cricket Betting Odds Mean? What do cricket betting odds represent? Let’s consider an example. India are playing England in a ODI. India are at odds of 1.67 to win the match. What does this mean? Well, betting odds represent a likelihood (often referred to as the ‘ implied probability’ ) of an outcome occurring.
The odds tell you how much profit you will make when you stake Re. 1 on a particular team. So if Ind has odds 16/1, it means if you stake Re. 1 on Ind winning the match, and if Ind wins the match, then you will get Rs. 16 as profit, and thus you will get a total of Rs. 17 (profit + original stake amount) On the other hand, Pak has odds 1/9 , so by staking lets say Rs. 9 on Pak, you get Re.1 as profit, and thus getting a total of Rs.
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The top-most bet in cricket betting is the match winner bet. It is famous among cricket fans and punters. You can place bets on the outcome of the match result. If you are playing the live betting during an on-going match then you can place bets on the fluctuating live odds for the match winner. The live odds change with the circumstances of the match.