Choosing the right site with the best cricket betting odds isn’t always easy. In this guide, we’ll compare top cricket betting sites in India to find out which consistently offers the most favorable rates. Let’s dive in!
Understanding Match Betting Odds
For those passionate about betting, grasping the concept of match odds is crucial. These odds reveal the bookmaker’s assessment of how probable your pick is to triumph and the potential profit you could reap from a successful bet.
While the concept of betting odds can initially appear daunting, our detailed breakdown will clarify things for you. By comprehending how these odds function, you’ll be better equipped to make informed choices when wagering on cricket online.
Understanding Cricket Betting Odds
Bookies determine betting odds based on their assessment of an event’s probability. In places like India, the UK, and many European countries, odds can be presented as fractions (like 2/1) or decimals (like 3.0). Meanwhile, in the American system, often referred to as the ‘moneyline’, you’ll see numbers prefixed with a plus or minus symbol (+200).
For every event that bookies offer wagers on, be it cricket, horse racing, or football, there will be associated betting odds.
Understanding Cricket Betting Odds in the Decimal System
The decimal format, popular in India, reflects both your potential profit and the initial amount you put in. To determine your potential return, you just multiply the amount you bet (known as the ‘stake’) with the given odds. Here’s a breakdown of cricket betting odds using the decimal system:
- 8.00 odds: A ₹10 bet could yield ₹80, stake included;
- 10.00 odds: A ₹10 bet could bring back ₹100, including the stake;
- 5.00 odds: A ₹10 wager might result in ₹50, with the stake factored in.
Breaking Down Cricket Betting Odds
Top Bookmakers for Cricket Betting Odds For top-tier cricket betting odds online, we suggest considering Parimatch, 10Cric, Dafabet, and Betway. These brands stand out due to their consistent and trustworthy betting services over time. They cater to a wide audience, from experienced bettors to newcomers. Additionally, some of these bookmakers offer dedicated cricket betting apps, perfect for those who like to bet on the move.
Understanding Overround
The overround is a bookmaker’s way of ensuring they maintain profitability. By examining the overround, you can gauge the quality of odds a cricket betting site provides. Overround = 100% (maximum likelihood of an event) – (implied probability or book%). The formula for the implied probability of a result is: Implied probability = (1/odds) x 100. So, for odds of 10.00, the implied probability = 10%.
We also recommend reading about Cricket Betting Tips.
A higher overround means the odds offer less value. Typically, an overround between 0-3.5% signifies competitive odds. An overround from 3.5-5% is decent, 5-7% indicates relatively low-value odds, and anything above 7% suggests you might want to explore other options.
For convenience, we advise using easy-to-use overround and probability calculators available online. Input the odds (whether fractional or decimal) to determine the odds’ value for a specific bookmaker.
Cricket Betting Odds & Overround Assessment
Analyzing the teams, it’s evident that the top five squads, along with the West Indies, stand out as prime contenders for the 2022 T20 World Cup title in Australia. On purely evaluating the odds, Betway, 10CRIC, and Parimatch appear as sensible choices from a financial standpoint. Yet, focusing solely on the overground, Betway, with 20.38%, has a slight advantage over the others.
West Indies vs England
- Format: Test
- Date & Location: March 16-21, Kensington Oval, Barbados
| Bookmaker | Final Result (1X2) Odds | Overround (%) |
| Betway | WI: 26.00 | Draw: 2.20 |
| 10CRIC | WI: 16.30 | Draw: 2.22 |
| Melbet | WI: 23.00 | Draw: 2.264 |
| Parimatch | WI: 28.00 | Draw: 2.22 |
| PariPesa | WI: 24.00 | Draw: 2.296 |
| 22Bet | WI: 23.00 | Draw: 2.275 |
| Dafabet | WI: 29.00 | Draw: 2.26 |
Observation: As evident, PariPesa tops the list with the smallest overround (4.38%), trailed by 22Bet and Dafabet. It’s financially savvy to go with PariPesa, given their consistently competitive overrounds.
South Africa vs Bangladesh
- Format: ODI
- Date & Location: March 18, SuperSport Park Cricket Stadium, Centurion
| Bookmaker | Match Winner Odds | Overround (%) |
| Betway | SA: 1.13 | BAN: 5.50 |
| 10CRIC | SA: 1.12 | BAN: 5.10 |
| MELbet | SA: 1.168 | BAN: 4.94 |
| Parimatch | SA: 1.17 | BAN: 4.60 |
| PariPesa | SA: 1.175 | BAN: 4.98 |
| 22Bet | SA: 1.175 | BAN: 4.96 |
| Dafabet | SA: 1.15 | BAN: 5.90 |
Observation: Dafabet emerges as the standout with a mere 3.91% overround. PariPesa and 22Bet are close runners-up, confirming PariPesa’s consistent performance.
CSK vs KKR
- Format: IPL (T20)
- Date & Location: March 26, Wankhede Stadium, Mumbai
| Bookmaker | Match Winner Odds | Overround (%) |
| Betway | CSK: 1.90 | KKR: 1.90 |
| 10CRIC | CSK: 1.89 | KKR: 1.82 |
| MELbet | CSK: 1.89 | KKR: 1.89 |
| Parimatch | CSK: 1.92 | KKR: 1.85 |
| PariPesa | CSK: 1.91 | KKR: 1.91 |
| 22Bet | CSK: 1.90 | KKR: 1.90 |
| Dafabet | CSK: 1.96 | KKR: 1.89 |
Observation: Dafabet again clinches the top spot with a 3.93% overround, and PariPesa follows closely. Both these bookmakers, given their steady overround percentages, present a wise betting choice.
The Ashes (Outright Predictions)
- Format: Test Series
- Date & Location: July-September 2023, Across England
| Outright Predictions | Betway | 10CRIC | Melbet | Parimatch | PariPesa | 22Bet | Dafabet |
| Australia | 2.00 | – | – | 2.07 | – | – | – |
| Draw | 6.50 | – | – | 7.00 | – | – | – |
| England | 2.37 | – | – | 2.35 | – | – | – |
| Overround (%) | 7.58 | – | – | 5.15 | – | – | – |
Analysis: The upcoming Ashes is on the horizon, and assessing the bookmakers’ valuations remains a challenge at this stage. Based on the overrounds provided, Parimatch emerges as the current front-runner. Nonetheless, a comprehensive judgment is best made once additional bookies reveal their odds.
2022 T20 World Cup (Outright Predictions)
- Format: T20 International
- Date & Location: October 16 – November 13, Australia
While the outright odds for the forthcoming T20 World Cup are not widely available, we have data from Betway, 10CRIC, Parimatch, and Casumo to consider.
| Team | Betway | 10CRIC | Casumo | Parimatch |
| Australia | 4.00 | 4.35 | 2.80 | 4.35 |
| India | 4.00 | 3.75 | 4.20 | 4.00 |
| England | 4.50 | 5.00 | 3.90 | 4.50 |
| Pakistan | 7.50 | 8.00 | 9.00 | 7.50 |
| New Zealand | 8.00 | 7.50 | 8.00 | 7.50 |
| South Africa | 11.00 | 11.00 | 9.00 | 11.00 |
| West Indies | 13.00 | 13.00 | 11.50 | 13.00 |
Unlocking the Power of Prime Cricket Betting Odds
In the world of sports betting, and cricket is no exception, sourcing the most favorable odds is key. This is foundational to mastering cricket betting. Opting for extended odds not only boosts your potential for profitable returns but also amplifies the merits of placing that specific bet.
Things to Keep in Mind:
- Your chosen stake or selected market might play a role, but it’s the caliber of the odds that truly shapes your potential returns. Prioritizing top-notch odds can significantly benefit your betting endeavors, both now and in the future;
- Limiting yourself to a single bookmaker is a trap, as you’re bound to overlook better opportunities. Different bookies tend to offer diverse odds, often tailored to specific tournaments or leagues;
- Dive into what the latest top-rated Indian betting sites are showcasing!
A knack for predicting winners is commendable, yet the potency of the odds remains a pivotal determinant in your success. While securing the most competitive cricket betting odds might not be the only factor to consider, its importance is undeniably paramount and should never be understated.
Deciphering Cricket Betting Odds
Delving into cricket betting odds might seem complex initially, but it’s quite straightforward once broken down. Let’s shed light on this with a hands-on example.
Imagine a scenario where India faces off against Sri Lanka on home ground, and you’re rooting for the Indian squad to clinch victory. The odds in the match result (1×2) market might appear as:
India’s Victory (1): 1.40 Stalemate (X): 12.00 Sri Lanka’s Triumph (2): 5.00 To discern your prospective returns, multiply the odds with your wager amount. For instance, staking ₹1,000 on India to win would fetch you ₹1,400 in case of their victory, calculated as (₹1,000 x 1.40).
That encapsulates the essence of how odds function in cricket betting and, by extension, other sports.
Cricket Betting Odds: Decimal vs Fraction
Decimal odds are often favored over fractional ones for their ease of interpretation. In decimal odds, the stake’s value is inherently considered. Conversely, with fractional odds, one has to account for it separately. For instance, the 1.40 odds equate to 2/5 in fractional terms. Likewise, 5.00 translates to 4/1, and 12.00 corresponds to 11/1.
When presented with fractional odds, your total earnings encompass your wager plus your winnings. Building on the prior example, winning with 2/5 odds results in an earning of (₹1,000 x 2/5) + ₹1,000, summing up to ₹1,400. For seamless odds conversion and calculation, leveraging an online cricket betting odds tool is a prudent choice.
The Impact of Cricket Betting Odds
To elucidate the paramount importance of procuring the optimal cricket betting odds and deepening one’s understanding of cricket betting rates, let’s employ a hypothetical scenario featuring two gamblers: Ramesh and Suresh.
Imagine both Ramesh and Suresh as adept gamblers with a knack for selecting winning outcomes, boasting an impressive success rate of 70%. This translates to securing wins in seven out of every ten bets they place.
Ramesh typically settles for average cricket odds of 1.80 across his bets. In contrast, Suresh, more diligent in his research, often secures enhanced odds of 2.20 by comparing offers from multiple bookies. With the ODI World Cup on the horizon, both decide to place bets on 40 different matches throughout the tournament. Given their 70% success rate, they can anticipate about 28 successful bets (70% of 40) and 12 that won’t go their way.
Assuming both Ramesh and Suresh place a stake of ₹2,000 for each match, their profits would be calculated as follows:
- Ramesh’s Profits: (28 wins x ₹2,000 x 0.8) + (12 losses x ₹2,000 x -1) = ₹20,80;
- Suresh’s Profits: (28 wins x ₹2,000 x 1.2) + (12 losses x ₹2,000 x -1) = ₹43,200.
This leaves us with a stark difference of over ₹20,000 between the two, all hinging on the quality of odds. This disparity underscores the potential rewards you might forsake by not diligently shopping for the best odds. While unforeseen losses are inherent to sports betting, enhancing your potential returns through diligent odds comparison is a proactive step every punter should consider.
Exploring Betting Sites
Betting exchanges revolutionize the traditional betting landscape by allowing gamblers to challenge one another directly. In this paradigm, you essentially step into the shoes of a bookmaker, pitting your predictions against those of fellow participants on the bookmaker. The governing force here is the principle of supply and demand, which plays a significant role in shaping the odds based on the collective sentiment of the market participants.
It’s crucial to note the distinct model of betting exchanges. Unlike standard betting sites where profits are made from your losses, betting exchanges don’t operate with a built-in ‘margin’ or ‘house advantage.’ Their revenue model is anchored in charging a commission on the cumulative winnings. So, the more you engage and succeed, the better it is for the betting exchange site. This transparent profit model is a compelling reason why many bettors gravitate towards exchange sites over conventional sportsbooks.
For a deeper dive into the world of betting exchanges and their advantages, explore our detailed guide on India’s leading betting exchange sites.
