What is Risk and Win in Betting on Cricket

Cricket is one of the most popular sports around the world, and with the Ashes now behind us, the summer season of 2020 has arrived, bringing with it new cricket scores, stats, and betting options. With markets such as Fixed Odds and Traditional Over/Under betting options added to the online betting mix, cricket fans will have their pick of wagers to make, as the pay-offs from successful bets can be lucrative. However, just because there is a lot of action doesn’t mean everyone will make money from cricket betting. In this article, we will examine what is risk and win in betting on cricket, as well as highlight several useful tips on how to become a successful cricket punter.

Risk Versus Reward

Risk vs reward is a fundamental principle when it comes to betting, and whilst there is always a certain amount of risk involved in any wager, some bets involve a higher degree of risk than others. For instance, throwing a dart at a map and hoping for the best is a low-risk gamble, but if you are playing against a house-banked game then the risk of losing heavily rises. The same applies to betting on cricket, except the degree of risk is influenced by several factors, such as which side you support and whether you opt for fixed odds or take the points-scoring system into consideration. When placing a single wager on cricket, the size of the stake (bankroll) and whether or not you use a betting exchange (or bookmaker) will also determine the amount of risk involved.

The Mathematics of Risk

In order to understand risk and reward in betting on cricket, let’s examine the odds and probabilities associated with each outcome. When you bet on cricket using either Fixed Odds or Traditional Over/Under options, the payout for each outcome is pre-determined and depends on several factors, the most important of which is the total number of runs scored in the game. If you are backing the home side for example, their victory is more likely to yield you a greater profit than an away win, as the total number of runs scored in the game will be higher on average. As a general rule of thumb, you should always avoid backing a side with low run-scoring in games scheduled to be played at prestigious cricket venues, as their lack of performances in these types of matches will make you want to wash your hands of the game after the event. If you are opting for Fixed Odds betting then the house advantage will also be taken into account, so in some situations a draw can actually be more beneficial to the player than an outright victory. This is certainly true when backing small-market sides or those without the budget for world-class cricketers. On the other hand, if you are using Traditional Over/Under betting, a loss is always better than a draw as you get your money back plus some additional profit. This is because the number of points scored in a match is the main determinant of the amount of money you will win or lose, regardless of whether or not the game ends in a draw.

The Psychology of Risk

Whether you like it or not, risk is an essential part of life and it is something you will experience whether you play cricket or not. As we’ve established, there is always risk involved in betting on cricket, however, some risks are more or less acceptable than others. For example, risking five pounds on a dart game that could win you a million is probably not a good idea, especially if you aren’t prepared to lose the entire amount. At the other end of the scale, backing the England cricket team in a World Cup final is definitely acceptable, as there is a very good chance you will win a large sum of money, even if England lose the game. Of course, this all depends on your personal preferences and bettingting limits, but the general rule of thumb is you should always avoid high-risk wagering if you aren’t prepared to lose the entire amount of money you’re risking.

How To Become A Successful Cricket Betting Man

With all this in mind, let’s examine how to become a successful cricket bettor. First of all, research the odds and point spreads thoroughly. If you don’t have access to the information or the odds are not readily available online then contact the bookmaker in question and ask them for the data. It is also advisable to set a budget and stick to it, as this will help you keep track of your earnings and losses, and ensure you don’t go overboard and risk more than you can afford to lose. The final piece of advice we can give you is to use several tools to maximize your chances of winning. Popular tools such as Betting Exchanges, which allow you to place bets with other users and minimize the risk of losing money individually, are becoming increasingly popular amongst the bettors out there. The use of tools such as these can help make the game much more fun and definitely increases your chances of hitting a home run

Cricket is a popular game around the world, and with the Ashes now behind us, the summer of 2020 has arrived, bringing with it new cricket scores, stats, and betting options. The excitement of the game coupled with the fact that there are several profitable betting options will make this season an essential one for cricket fans. As a newcomer to the game or someone who is looking to build up a small bankroll, here are a few tips on how to become a successful cricket punter.

Don’t Fear The Pen

One of the primary things stopping you from making money from cricket betting is your own fear of losing. We all want to make money from betting, but too many of us also want to avoid losing, which makes us play safe. There is always risk involved in betting, but you must understand and accept that there is also reward, at least in the case of winning. It is extremely important to get over your dislike of risk and embrace the chance to make money from it. You are better off taking a flier on the game and getting an outcome you weren’t expecting, rather than playing it safe and backing a side you think is sure to win. This is the route to the money, and it’s time to stop looking for the safest route possible and start looking for the best one.

Do You Love The Ladies Or The Mores?

Another thing stopping you from profiting from cricket betting is your love of the mens’ game. If you are a man and you’re backing the home side, you’re almost certainly going to lose money, as the average woman tends to watch cricket more than the mens’ game. This is a problem, as backing the wrong side will mean you’re losing money, but not getting your money back plus interest is not an acceptable answer. You either have to find a way to overcome your gender bias or risk it and start backing the men, if you feel they are going to win. There are several options available to anyone who is serious about making money from betting, and that’s something we’d like to encourage you to explore, rather than continue to play it safe and lose money.

Avoid The Big Games

Another thing stopping you from profiting from cricket betting is the fact that most games occurring at the top level are not that attractive to bet on. The truth is, there are very few games at the top level that are actually compelling enough to make you want to get in on the action, aside from the occasional Twenty20 contest, which is often promoted as the glamour event of the season. The amount of money wagered on these games is usually pretty low, because the overall betting public just doesn’t see enough value in watching middle-order batsmen rack up huge scores and dismantle top-order performances. The top-level cricket games that are worth betting on are usually restricted to a few select overseas markets, such as Australia, due to security restrictions and travel bans. These games are exciting to follow and there is always the possibility of major upsets, which makes them worthwhile gambles. However, you must understand that there is a lot of risk involved in betting on these games, as the general public thinks they’re not that exciting, so it’s hard to find backing. The good news is if you’re able to get over this and are brave enough to bet on these games, the returns can be extremely lucrative.