Cricket betting odds or Cricket Satta Bhav are a result of certain permutations when you want to bet on Cricket. To know the best returns of your betting investment, you need to be well-informed of where you're putting money. Thus, before you bet on cricket, you should get used to the term ‘odds’.
Fun88 not only covers cricket betting odds live but also lists expert cricket betting tips where you can learn how to place your bets.
So, let’s get started.
What are cricket odds? What do odds represent? Let’s answer it with an example.
For instance, India is playing against England in a one-day series where the odds of India winning the match are 1.57.
What do the odds mean?
Betting odds is the probability of a particular outcome of an event. So, as per the above hypothetical example, the odds of India winning the match stand at 1.57, which is usually set by the sportsbook.
So, how to decide if India's 1.57 odds could win the match? Here's how you would know using a formula of implied probability.
To be a pro cricket bettor, you must understand the probability of winning or losing through the betting odds, to improve your chances of making a profit on a game.
The concept of line shopping comes into the picture here. It means that you scout for the best 'price' on your odd rates on different sportsbooks. This is like window shopping. When you get the rates on cricket matches you like, you want to find out the best odds by line shopping.
On the Fun88 cricket betting site online so you can check for the best odds available when you want to place a bet. We offer the best market and welcome pro bettors and novice bettors to enjoy responsible gambling. We aim to make you win more when you are winning your wagers. Remember though that the market is competitive, so double-check odds before you go ahead with the bet. So, go ahead and look out for the best online cricket betting odds on Fun88 such as Football, Basketball, Kabaddi , and more sports.
For any successful betting, knowing the best online cricket betting odds means getting the best return on your bets. Be sure to check out our cricket betting odds, where you can find the best odds for upcoming matches. The better the odds you get to choose, the higher your returns you will enjoy! Fun88 supplies you with the most competitive cricket betting markets with various possible outcomes for a single match.
Decimal Odds/ European Odds
Decimal odds are the most common expression of odds worldwide, especially in Europe, Canada, and Australia. Thus, decimal odds are known as European odds.
Malaysian Odds, or Malay odds are expressed in decimals, either positive or negative. If the odds are “0” then it is an exact 50/50 bet and will pay out 1/1.
Hong Kong Odds
Also known as HK odds, Hong Kong odds are one of the simplest odds formats. Plus (+) and minus (-) symbols are used to denote the relationship between your stake and your profit.
Indonesian Odds also known as Indo odds that are divided by 100. The plus (+) and minus (-) signs are used to represent the favourite and underdog team or player.
The deciding factors for cricket betting odds are:
Decimal Odds- Possible Winning Calculations
For 1 unit staked, decimal odds mean the full amount you will get if your wager wins. Decimal odds always include the starting stake rather than just the profit. If a unit costs ₹20, you will receive ₹50 if the decimal odds were 2.50. The profit would be ₹25, and the initial stake would be ₹20, for a total return of ₹50.
2.00 is considered even in decimal odds, which means that if you choose to place a bet at 2.00, you will get back the invested amount and the amount you staked as profit.
American Odds- Possible Winning Calculations
If a bookmaker offers odds for say, India vs Australia one-day match, the odds might look like this:
The bookmaker has given India odds of +400, meaning that team India is the underdog here. Therefore, to make a potential win of ₹400, one must wager ₹100 on India. Therefore, if India wins, the total payout will be:
Original wager (₹100) + winning amount (₹400) = ₹500. (Profit ₹400)
On the other hand, to earn ₹100, you would have to bet ₹700 on Australia, the favoured team. So, if Australia wins, the total payout will be:
Original wager (₹700) + winning amount (₹100) = ₹800. (Profit ₹100)
Fractional Odds- Possible Winning Calculations
A fractional listing of 6/1 (six-to-one) odds means you'll win ₹6 for ₹1 you gamble, plus you'll get your money back (i.e., the amount you wagered). To put it another way, this is the ratio of the amount (profit) gained to the initial bet, which implies you'll get your stake (₹1) plus the profit (₹6) for a total payout of ₹7. As a result, if you bet ₹10 at 6/1, you will receive a total of ₹70 (₹60 profit + ₹10 bets). Here is a simple formula for you to find out your total payout:
Total Payout = [Stake x (Numerator/Denominator)] + Stake
When on the lookout for the best Cricket betting odds, there are two ways to spot them:
Line shopping means creating multiple accounts with different bookmakers. Next, you use the accounts to compare and find the best cricket betting odds. It may seem like doing the extra work, however, it's the most accurate way of finding the best cricket betting odds.
By researching the cricket odds on a third-party website, you'll minimise the time visiting each sportsbook to look for the best odds. They display cricket betting odds from all bookmakers and all the data for you to compare odds easily.
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|Even money||A type of even odds when the bettor loses or earns the same amount of money that is wagered upon.|
|Odds against||When the odds are "against" an event happening. For betting purposes, “odds against” means that the amount you stand to win is greater than the amount staked.|
|Odds on||"Odds on" means the opposite of "odds against". It implies that the event will be taking place.|
|Favorite||The team considered as ‘favorite’ has lowest odds and is most likely to win an event.|
|Each-way betting||An each-way bet has two wagers: one for the selection to win and another for the placement of the selected team.|
|Overround||A bookmaker's way of hiding their bookie's margin in the final price to make money from it.|
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Teams India, England, Sri Lanka, Bangladesh, West Indies, New Zealand, Pakistan, Australia, South Africa, and Zimbabwe play Full Test cricket match form. India, England, South Africa, and Australia also play up to four or five-match Test series, while New Zealand, Sri Lanka, Bangladesh, West Indies, Pakistan, and Zimbabwe don't exceed three. Associate nations like Ireland, Netherlands, Scotland, Papua New Guinea, Hong Kong, Afghanistan, Oman, and United Arab Emirates (UAE) have full ODI (One Day International) and T20 statuses. When big teams clash, online cricket Satta Bazar becomes more exciting for Punters!
Here are some of the most exciting cricket betting events for bettors to bet to check for cricket odds:
IPL:Indian Premier League (IPL) tournament is the most popular T20 cricket betting event for bettors in India. Eight teams namely Chennai Super Kings (CSK), Delhi Capitals (DC), Kolkata Knight Riders (KKR), Mumbai Indians (MI), Kings XI Punjab (KXIP), Rajasthan Royals (RR), Royal Challengers Bangalore (RCB), and Sunrisers Hyderabad (SRH) battle out with each team to win the coveted IPL trophy.
CPL: Caribbean Premier League (CPL) also enjoys equal popularity as the 2nd most popular T20 tournament in the world of online cricket betting. Six teams namely Trinbago Knight Riders, Guyana Amazon Warriors, Saint Lucia Kings, St Kitts and Nevis Patriots, Barbados Royals, and Jamaica Tallawahs battle out to emerge the ace team to win the CPL trophy. Fun88 is the official sponsor for CPL T20 tournaments.
PSL: Pakistan Super League (PSL) is a T20 cricket league contested during February and March of every year by six teams representing six cities in Pakistan. Islamabad United, Multan Sultans, Peshawar Zalmi, Karachi Kings, Lahore Qalandars, and Quetta Gladiators are the teams formed by the Pakistan Cricket Board. Enjoy betting on PSL in India only on Fun88!
Twenty20 Big Bash League: The Big Bash League (BBL) is Australia's local T20 cricket tournament. The league features eight franchises; Sydney Sixers, Perth Scorchers, Sydney Thunder, Brisbane Heat, Adelaide Strikers, Hobart Hurricanes, Melbourne Stars, and Melbourne Renegades.
One Day Internationals: A One Day International (ODI) is a limited-overs cricket, played between two teams with international status. Each team plays a fixed number of overs, currently 50 overs, played for upto 9 hours.
T20 World Cup: The king of cricket betting, the ICC Men's T20 World Cup (earlier known as ICC World Twenty20) is the international championship of Twenty20 cricket. The tournament currently consists of 16 teams, and six other teams are chosen through the T20 World Cup Qualifier. Punters enjoyed placing their wagers during the 2021 T20 World Cup tournament on Fun88 which offered the most lucrative odds, bet rates, and bonuses to registered players.
Test cricket: Test Cricket is the form of the sport of cricket with the longest match duration and is considered the game's highest standard. Rotary Test matches are played between national representative teams that have been granted Test status, as determined and conferred by the International Cricket Council.
Watch the video tutorials on how to bet on Fun88, how to sign-up, how to deposit money, how to withdraw money, and more for hassle-free Cricket betting online.
Cricket betting odds are referred to as the 'indicated probability', of an outcome of a match. So, if India is at odds of 1.55 to win the match, these odds are the bookmaker's assessment of India's chances of winning the match.
If the odds are minus (–), then that amount of money must be wagered to win (e.g. –150 means you must bet $150 to win) If the odds are plus (+), that amount of money would be earned on a successful $100 wager. (e.g. +150 means you make $150 on a $100 wager.)
In-play cricket betting lets bettors place bets once the event has commenced. Betting odds for in-play allows you to bet on variables such as goals and points, injuries, weather - associated with each sport.
Yes, it is! A live cricket betting odds checker ensures that you get the best value from your cricket match. Fun88 cricket odds checker also highlights the best sports bonuses, such as free bets, odds boosts, etc. Visit the Cricket betting page for more details on the cricket betting market options.
Exciting online cricket odds include, 1st ball runs scored, 1st overruns scored, top-scoring batsman, number of match sixes, method of dismissal, match toss prediction, and so on.