How to Get Started With Cricket Betting
When it comes to betting on sports, cricket is a game that doesn’t always get a ton of attention when compared to a lot of other events. It’s kind of sad in a way because the potential to make money with cricket betting is somewhat impressive because bookmakers and handicappers don’t put as much effort into modeling the game. This means that you’ll have a lot of room to catch up and surpass their understanding of what makes the game work on a fundamental level, and that can lead to finding plenty of profitable betting lines.
The Types of Cricket Betting
There are two main types of wagers when it comes to cricket. The first is a standard money line on which team will win, and the second is plain odds. Odds aren’t used at a lot of sportsbooks, but you’ll still find them online from time to time. You’ll notice that spread betting isn’t often used with this game because of the hyper-volatile nature of the scores, so if you want to focus on trying to find an advantage in this game, then everything is going to be all about the money line. There are two numbers that you will see on a money line. Suppose that England is playing India and one of the teams is listed as +125. That would mean that you would need to bet $100 to profit $125 when your team wins. On the other hand, if you saw another team listed at -115, that would mean that you have to wager $115 to get a profit of $100. Generally speaking, the team with the plus sign is the underdog, and the team with the minus sign is the favorite to win. If you just want to bet on your favorites so that you make the game more exciting to watch, there’s absolutely nothing wrong with that. However, if you want to try to learn to find profitable bets and make money from betting, then it’s going to take some work. We’ll show you how to get started in the right direction.
Building a Model for Betting on Cricket
If you want to get good at this type of betting, then you’re going to have to develop your own model to try to figure out which bets are profitable and which are not. There are three main parts of any wagering model for cricket. They are an analysis of the money line, offensive considerations and defensive considerations. Analyzing the money line is fairly easy, and you’ll need to do it in two ways for each game since you need to analyze a bet on each of the two teams. For each team, divide the total amount that you can lose by the sum of the amounts that you could lose and that you could win. For example, on a -150 line with a $10 bet, you could lose $10 and you could win $15. Therefore, you would divide $10 by $25 to get 40 percent. That percentage is how often that particular team needs to win for the bet to be profitable. Next, you’re going to want to consider each team’s offensive capabilities when compared to their opponent’s defensive capabilities. You’re going to consider things like how much each team has scored against previous opposition, how strong the bowlers and other defensive elements were for each of those teams, and so on. Your goal is to come up with a model using this information that will help you to estimate the chances of each team winning. When your model tells you that a bet is profitable based on the money lines, you take it and see how your bet pans out.
Twenty20 vs. Test Cricket
Test cricket is known for taking several days while Twenty20 was put in place to make the game more competitive and comparable to other sporting events. You can bet on both types of cricket, but you’re typically going to have a more difficult time finding profitable bets in test cricket. The reason for this is that the games are longer, and the format has been around for a lot longer, so handicappers have had a lot longer to figure out how to make it more difficult for players to find profitable bets. With Twenty20, on the other hand, there’s a more volatile element to all of it. Sportsbooks haven’t had as much experience with these games, and that’s why you’re going to need to focus on them if you want to have more success with modeling games and trying to figure out which bets are profitable. Modeling Twenty20 is also easier according to a lot of experts in the industry because the games are more compact leading to a more accurate demonstration of the immediate offensive and defensive capabilities. On the other hand, it takes endurance out of the equation for the most part which means there’s one fewer variable for you to consider.
Focusing on a Single Market
Because cricket betting requires you to focus on so many teams that have played against each other, you’ll need to focus on a single market. The mentality isn’t to focus on a single team and see when that team is going to be profitable. Instead, the mentality is to look at the entire market and analyze all teams as a whole to find bets that look good. Spreadsheets are extremely important for this type of analysis since they allow you to keep all of your information organized in a single place. Just remember that as long as you work on your model and give it a chance to succeed, you’ll be well on your way towards maximizing your chances of winning when betting on cricket.