Cricket betting is a lucrative and popular pastime in the UK, with many beginning players wondering where to start. The online betting industry in the UK is dominated by online bookmakers, with many bookmakers accepting bets on sporting events. Online bookmakers can offer a range of markets, including general horse racing markets and cricket betting markets. Cricket betting, like other sports betting or online gambling activities, is taxed for the purposes of corporation tax.
Online cricket betting is also frequently subject to odds-based promotion as well as loyalty points schemes; these promotions will typically be offered through a partnership with one of the leading sportsbooks like 10cric and/or casinos in the world, such as William Hill or Ladbrokes.
This article will highlight some of the most important aspects of cricket betting to help you get started.
1. Do not bet on a fixed price
Cricket is a match-based sport, and the results are dependent on the performance of both teams. Thus, betting on an individual player or match result is unlikely to be profitable. Instead, bet on odds such as odds-on value bets, which offer a better chance of winning.
2. Lookout for odds-on value bets
Odds-on value bets are typically those that offer a good chance of winning and are frequently available through online bookmakers. Look for the best odds available when betting on cricket matches. These odds will vary throughout the year, so look out for offers that have a greater return on your investment.
3. Match, set and player bets
A match bet is a bet that will be placed after the end of the match. The odds offered on these live bets will typically not be the same as for a general bet; this is because players can create their own odds by playing. For example, in the first six overs of an ODI, a set bettor may offer odds of 1-2 to win or 2-1 to win. In the final over of a T20 match, an odds on value bet may offer odds of 1-2 to win or 2-1 to win.
4. Multiple bets can help you make more money
The more competitions you join in, the greater the possibilities for victory. This is because cricket betting involves several factors; for example, if you have two or three matches on the same team to choose from, instead of only one match [e.g., a T20 match], you could potentially win on each bet. This is in addition to the more money than you stand to make for betting on more matches.
5. Consider the odds and the bookmaker before placing a bet
A common mistake amongst beginner players is to simply place a $10 bet in an attempt to make real money quickly; this is a highly unprofitable strategy because if your team does not win, you will lose all your money. Instead, look at the odds for different players and matches; the odds will indicate how likely it is that your team will win.
Additionally, consider where you are placing your bet. Some bookmakers offer better odds on particular matches, which could increase your chances of winning.
6. Do not gamble more than you can afford to lose
Gambling is a risky activity, and the odds are stacked against you when playing online cricket gambling or betting activities. You may come across advertisements promoting the benefits of a particular bookmaker, and you may even be tempted to place a small bet. However, remember that while bookmakers are trying to get new players to sign up for their betting accounts, they are also attempting to make money.
If you do not have any money in your account, then you will lose all your money if your team loses. Before you place live bets online or otherwise, ensure that you do not gamble more than you can afford to lose.
7. Keep track of your bets
It is important to keep track of your bets in order to monitor your progress. You should also monitor the odds so that you can evaluate whether or not it is worth placing a bet. Additionally, if you are betting on cricket matches, you should keep track of the scores so that you know who is winning in each game as well as the score.
8. Check the odds before placing a bet
Before placing a bet, check the odds that your online bookmaker is offering. The odds that you will find will differ depending on the type of bet you are placing. It is a great technique to compare these with other bookmakers.
9. Consider the odds for different bets
Before placing a bet, think about how much you are willing to lose. In order to make more money, it may be advisable to explore other avenues. For example, if you believe that your team is going to win, but there are not many players available for a bet, then it may be best to place a few small bets instead of one large bet. This is because you will stand a higher chance of winning if you have more live bets.
10. Cash out and withdraw before losing your money
If your team starts losing, it may be best to consider withdrawing your money while you are ahead to avoid losing all of your cash. There is no fixed cash out period for online cricket gambling, but some bookmakers will offer a bonus withdrawal period during which players can withdraw their winnings from their betting accounts.
Cricket betting can be a very profitable activity for you. However, to make it profitable, you will need to consider the odds for different matches. Cricket betting requires some level of strategy, but these strategies are easily manageable when you learn how to apply them. Remember that while it is important to keep track of all your bets and the odds they are based on, you should also monitor your progress regularly.