Cricket is a popular sport with a lot of betting activity. If you’re new to cricket betting, you may be wondering how to assess your prospective gains. In this post, we’ll go over the basics of cricket betting and show you how to calculate your prospective gains.
Cricket Betting Basics
Before we get into calculating potential winnings, let’s go through the fundamentals of cricket betting. In cricket, there are three categories of bets: match betting, outright betting, and in-play betting.
Match betting is when you bet on the outcome of a specific match. You can bet on which team will win, whether the match will end in a draw, or even the total number of runs scored.
Outright betting is when you bet on the outcome of an entire tournament or series. For example, you might bet on which team will win the World Cup or which player will be the top run-scorer in a Test series.
In-play betting refers to betting on events that occur during a contest. For example, you might wager on the next ball’s outcome or whether a specific player will hit a six.
Calculating Potential Winnings
Now that we know the different types of cricket bets, let’s look at how to calculate potential winnings. The amount you can win depends on the odds of the bet and the amount you wager.
Odds represent the likelihood of an event happening. The higher the odds, the less likely the event is to happen, and the more you can win if it does. For example, if a team has odds of 2.00 to win a match, you’ll win $2 for every $1 you bet if they win.
To calculate your potential winnings, multiply your stake by the odds. For example, if you bet $10 on a team with odds of 2.00, your potential winnings would be $20 (10 x 2).
It’s important to note that odds can change before a match or during in-play betting. This is because bookmakers adjust the odds based on how much money is being bet on each outcome. If a lot of people are betting on one team to win, the odds for that team may decrease, making it less profitable to bet on them.
Once you grasp the fundamentals of cricket betting and odds, calculating prospective rewards for a cricket bet becomes pretty simple. Never wager more than you can afford to lose. Best of luck!