Cricket Betting Odds

Understanding Cricket Odds

In this section, you will learn how to understand the odds of the matches that are available. In our cricket odds list, you will see the game that is being played alongside numbers and the possible match outcomes… so, let’s go through a quick explanation of cricket odds and what they mean. 

Example:

South Africa is playing a test against Sri Lanka and the odds are as follows:

• South Africa: 1.63
• Draw: 5.25
• Sri Lanka: 4.30

In the above match, there are different betting odds for possible outcomes of a match between South Africa and Sri Lanka. You have three options – bet on South Africa, bet on Sri Lanka or bet on a draw.

If you bet on South Africa, you will receive odds of 1.63. This means that if you bet £10 then you would win £6.30, plus your original £10 stake – a total return of £16.30. So you simply multiply your wager by the odds to work out your total return.

If you bet £20 on Sri Lanka winning at odds of 4.30 then your return would be 20 x 4.30 = 86.00 (a win of 66.00 plus your original £20 stake).

Why Choosing the Right Odds in Important

So, let’s take a look at exactly why we are saying that this choice is one of the most important that you will make. Let’s take an example of two different bettors – Bettor A and Bettor B. Both of these have access to the best cricket betting tips and pick the correct outcome around 65% of the time. Bettor A sticks at one bookmaker and, on average, receives odds of around 1.90 per win. Meanwhile, Bettor B shops around online and receives better odds in the long run – of around 2.0. 

Both of these bettors are starting to place IPL bets this season and want to place bets on around 60 games in total. With their winning average, they would both win 39 bets and lose 21 bets. If they bet £5 on each game, their bets and returns might look a bit like this…

• Bettor A IPL betting Overall Winnings:
  • £5 (bet) x 1.9 (odds) = £9.5 (return for winning bet)
  • 9.5 x 39 (number of winning bets) = £370.50 (overall return from wins)
  • £370.50 – £300 (money staked on all 60 bets) = £70.50 (total winnings)
• Bettor B IPL betting Overall Winnings:
  • £5 (bet) x 2.0 (odds) = £10 (return for a winning bet)
  • £10 x 39 (number of winning bets) = £390 (overall return from wins)
  • £390 – £300 (money staked on all 60 bets) = £90

That is an overall difference of almost £20 which is basically free money that you could have for no extra work. You are losing out on this simply because you haven’t shopped around properly.

Over the long term, this can all add up – and why would you possibly miss out on this for the sake of a few minutes shopping around… especially if you don’t have to – as we do the shopping around for you!

How We Find the Best Odds

So, how and where do we actually find the best cricket betting odds? Well, it’s hard to pin an exact answer down because it all depends. You usually find the best betting odds when either the betting site has made an error in their pricing or when they are looking to even up the bets after having received a disproportionately large number of bets for the other side and they want to get it straight again.

However, this isn’t the only way to get the best odds. Some cricket betting odds often offer the best cricket betting rates and prices.

They specialise in cricket betting and are looking to attract more punters by offering continuously generous odds and prices. Instead of offering great looking bonuses and promotions, they give you best value odds and enhanced odds instead so that you get more return from a winning bet. This is important for getting the best wins in the long term.

However, you need to remember that betting markets are ruled by other clever bettors and so generally the lines are pretty efficient. Always double-check yourself before making your bets!

So, good luck, enjoy the very best cricket betting odds, whether you’re looking for the best IPL odds, County Championship odds, Ashes odds, BBL (Australia’s Big Bash) odds or for World Cup odds… and make every penny count!