However, most online sports betting sites have responded to the overall rise in terms of popularity this discipline experienced over the past few years, which means that cricket fans from all over the world shouldn’t have any problems with betting on both high-profile and local contests these days.
In fact, most sportsbooks allow you to choose between making simple money line bets, putting your money on totals and placing complex combination wagers, which means that even the most die-hard fans shouldn’t complain about being unable to find high-risk, high-reward action.
Much like in the case of other popular sports, many sites won’t force you to place all of your bets before the match. Quite the contrary, many popular networks offer a wide range of live in-play wagering opportunities, which allows you to react to the changing odds and the situation on the field as you determine the size of your bets.
Money Line Betting
Betting the money line requires you to predict the outright winner of the match, which means that wagers of this type are very popular among both casual bettors and seasoned handicappers. Money lines are always marked with an integer – a positive line requires you to wager $100 for a chance to win the amount listed on the site, while a negative line requires you to risk a pre-determined amount for a chance to win $100. Consider the following example:
New Zealand -250
In this case, New Zealand is the clear favorite. Consequently, you’d have to invest $250 for a shot at winning $100 – if you decide to wager $500, your potential winnings will total $200. Conversely, India is the underdog, so if you wager $100, you’ll have a chance to win $400.
While many inexperienced bettors tend to believe that the money lines reflect the chances of both teams to win the match, this isn’t really always true. In fact, most online sports betting sites prefer to set their odds in a way that would entice their customers to bet on both teams, which means that the most successful bettors always stick to their own handicapping efforts.
Over/under bets are different from money lines, as they require you to guess the number of boundaries scored by both teams throughout the match instead of predicting the outright winner.
Wagers of this kind are often called totals, as the bookmaker estimates the combined score of both teams and your goal is to predict whether the actual number of boundaries will be higher or lower than this number.
For example, if the sportsbook sets the total at 32.5, collecting on an over bet will be possible if the number of boundaries scored by both teams is equal to 33 or higher, while betting the under will be successful only if the combined score is equal to 32 or lower.
Please note that many cricket-friendly online sports betting sites offer additional over/under betting opportunities, allowing you to wager on total match wides or total match sixes. However, those bets generally tend to rely more on luck than your handicapping skills.
Parlays are combination wagers that allow you to put two or more money lines on a single ticket, giving you a unique opportunity to earn more than if you wager on the outcome of each match separately. The catch is that collecting on a parlay doesn’t leave any room for an error – if one of your selections isn’t covered, you lose the entire bet.
As a result, parlays are often viewed as advanced wagers that are best suited for veteran bettors and high-rollers.
Betting on cricket futures allows you to make long term estimates instead of predicting the outcome of specific contests. Most online sports betting sites that offer cricket futures provide you with a chance to wager on the overall results of ICC World Twenty20.
Consequently, you’ll be able to put your money on which team will be the outright winner, which countries will compete in the finals, what will be the continent of the winner or who will be top batsman or bowler.
Please note that future bets are rather risky and tend to tie up your sports betting funds for the remainder of the season, so you should be very careful not to place a cricket futures bet that you can’t afford.
Proposition bets allow you to put your money on everything related to cricket matches that doesn’t really fall into any of the broad categories listed above.
As is often the case with props, the specific tend to differ from one bookmaker to another, but in most cases you’ll be able to wager on who will be the top batsman or bowler on either team and whether a century or fifty will be scored throughout the contest.