After India’s win in the 1983 World Cup, the whole nation got hooked to the sport. The advent of Indian Premier League (IPL) in 2007 was another boost to cricket’s popularity in India. While IPL saw many international players playing for local teams, many local Indian talents have been discovered over the 12 seasons of this league. The IPL is one of the most popular cricket leagues in the world and it attracts a lot of bettors. Other international cricket leagues such as Big Bash, Caribbean Premier League and Bangladesh Premier League are also very popular among Indian audience. Online cricket betting is one of the major factors that has contributed to the growing audience for these leagues in the country. Good knowledge of the game gives Indians an edge in the betting game. Hence, every new league provides a great opportunity for Indians to make a huge amount of money.
Betting or gambling is illegal in India. But there is no law that makes online betting an illegal activity in the country. This means that you can place bets on cricket with trustworthy sites offering different betting options. Along with matches, you can also bet on every aspect of the match, from the toss to how the bowlers will fare and the odds on a batsman scoring a century. Newbies should prefer to use virtual money as it will limit their losses while betting on cricket. It is vital to have basic knowledge about the game and the knack of online betting. Of course, your luck also matters at the end of the day.
Cricket betting represents the probability of an event to happen and therefore enable you to work out how much money you will win if your bet wins. Cricket betting odds are represented in decimals or fractions format. Players have the option to set them to view in either format. If you are new to cricket betting world, it’s important for you to understand the various types of betting odds associated with it.
Probability is where you have to predict the outcome of a match or an event. Bettors landing in the correct position will win the money. Each event of the game consists of certain outcomes. You can consider it as a rolling dice that has numbers between 1 and 6. Here if the player bets on an event, there’s a 16.67% chance of winning. The odds in cricket betting work in a similar manner and they offer the information regarding what will be the probability of an event to occur in favor of the bettor.
Fractional odds are also called as the traditional odds and are written as a fraction, such as 6/1 or expressed as a ratio, like six-to-one. Odds of 1/1 are called even odds and they indicate that the amount paid out will be equal to the stake. For odds below this, the fraction is reversed and listed as something like 1/4.
Another odds type is decimal which can be found on all major cricket betting sites. These odds are just probabilities turned into percentages and are simple to read. All you have to do is take 100% and divide that probability by an outcome. For instance, let’s assume that the outcome is 50%. You’d do this: 100% (total) / 50% (outcome) = 2.0. Having knowledge of decimal odds will keep things transparent and easy for you when betting on cricket.
Betting for centuries has been a major recreational activity among people and millions of bettors around the world place bets on cricket and other betting games every day. Here are some advantages of betting online.
With the advent of the internet, people can now place bets on their favorite games anywhere, anytime. You might choose to focus entirely on betting or use it keep yourself busy whilst doing something else, like watching TV.
One of the greatest online cricket betting benefits is the sign-up bonus. Almost every single betting site will offer players a sign-up bonus as an enticement to play at their particular site.
Almost every online cricket betting site offers a wide variety of payment options. This means that you can choose from any of the payment options available, such as a Credit or Debit card, PayPal, Neteller, Skrill and many more.
When betting online, you have the advantage of slightly better odds. As potential returns increase with better odds, you have the chance to win a handsome amount of money.
Betting in India is probably as old as the civilization of the country. Cricket is the second most popular sport…