![]() Betway has managed to dominate the Indian online betting market, and cricket betting is no exception. With an elaborated version of the odds mentioned above, you must have got a crystal clear picture about the fact that they are an indispensable part of cricket betting and you should definitely not underestimate their role or use at any point of time. Betway - Best Cricket Betting Site in India Vaayu Saxena. So, make sure you do not act lazy and skip out on your prospective profits that you can simply get if you choose the most competitive odds offered to you. This example is a clear testimony to the importance of odds in the punting exercise. With a huge difference of $75000, is it still worthy to miss out on the process of exploring different cricket betting sites for getting the best odds. If they bet $1000 on each match their results would be as follows: Let us assume that they bet on a 1000 games a year, which means they have 750 winning bets and 250 as losing ones. Now, bettor A gets 1.90 at an average while B is getting the average odds rate at 2.00 just because he keeps exploring different sportsbooks to find the best possible odds. Both have a great rate of placing winning bets, lets say 75%. It will not only be an eye opener for you but will also help you to make an informed decision of fianlising the odds.Ĭonsider two bettors such as A and B. If you are still not able to comprehend as to why we are stressing over the odds and their importance and use, have a look at an example to understand the same. Under this format, you get your initial wager back, in addition to the winning amount. ![]() ![]() On the other hand, the positive sign is an indicator of the competitor who has a less chance of winning and the amount you win for every $100 wagered. This works the same way as normal betting. The minus sign indicates the favorites which means that you need to stake the mentioned amount to win $100. IPL live betting allows you to bet on a game that is currently being played. How Do American Odds Work?Īmerican odds also known as moneyline odds or US odds are most commonly used in the United States. So, before placing your cricket bets with the fractional format of odds, ensure that you understand the above mentioned details.Īfter discovering the two mostly used odds formats of Fraction and Decimal, let us have a comparative look on both whereby they are different yet same. In the other case such as 4/6 or 1/7, you can win 4 units for every 6 units staked or one unit for every seven units staked. One thing needs to be cleared over here that when the first number is greater than the second one, it is called as 'odds against'. This format is also called as the UK or British odds. Under this, it means that you can win 11 units for every 10 units that you stake. The going gets tough when you have fractional odds like 11/10 or 6/4 to choose on. Your total potential payout also includes your original stake. It basically means that you can win 4 units for every one unit you stake. The odds are presented as fractions i.e 4/1, 6/1 etc. Hailed as a traditional format and commonly used in the United Kingdom, it is a tricky one although its basic principle is good to go with.
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