Cricket is the most popular sport in India. Besides the biggest league, IPL, the national team’s T20, ODI, and Test matches, as well as regional leagues, are also highly celebrated. Betting on matches adds to the excitement of watching the game. This article will guide you step by step on how to bet on cricket.
What is betting on cricket?
Betting on cricket involves placing wagers on various aspects of a cricket match. This can include predicting the outcome of the match, the performance of individual players, the number of runs scored, and many other elements. People place bets through bookmakers or online betting platforms, and the odds are determined based on the likelihood of different outcomes.
Step-by-Step to Bet on Cricket
If you’re looking to get started with cricket betting, the first step is to understand the platform you’re using. Choose a reliable and secure site that offers a wide range of betting options, transparent payment methods, and strong security measures.
In this guide, we’ll walk you through the process using Vegas11, a favorite platform among Indian players, with both visual and text instructions to make it easy to follow.
Register on a Betting Site
Joining a reliable and well-reviewed online betting site and registering an account is the first step. You will need to provide basic information (such as name, date of birth, nationality, phone number, and email), verify via SMS or email, and then set a password.
Add Bank Account
After registration, the next step is to add a bank account, as the platform won’t be able to transfer funds to your account without it. Some platforms may also require identity verification before proceeding
Steps to Add a Bank Account on Vegas11
- Log in to the official website and click on “Account” at the bottom right.
- Click on “Bank account management”.
- Enter your username, account number, IFSC, and upload a photo of your passbook to complete the process.
Deposit
Choose your deposit method and amount (each betting site may vary, some may have fees). On Vegas11, the minimum deposit is ₹500.
Deposit Steps:
- Click on “Deposit”.
- Select a deposit method (Bank Transfer, UPI, or Cryptocurrency), all with no fees.
- Enter the deposit amount and click “Proceed” to be redirected to the transfer page.
- After payment, funds will be credited to your account within 5 minutes.
Select Bonus
Online betting sites often offer promotions to players, and you can choose whether to claim them based on the terms and conditions of the offer.
Note: Most promotions require you to apply before placing bets! Make sure to receive the bonus before you start betting.
Choose Sports Lobby
Go to your preferred sports provider to bet on cricket. Vegas11 offers 8 cricket sportsbooks for players to choose from: 9wickets, SABA, MD365, BTI, LUCKY, PANDA, INPLAYMATRIX, and SABA EXCHANGE.
- Different betting providers offer varying odds (you can compare them), and each provider has its own minimum and maximum bet limits!
- For beginners, it’s recommended to use the SABA Sports provider, as it features a user-friendly interface, a wide range of pre-match betting options, and free live streams.
Vegas11 SABA Sports not only offers free live streams, but also provides detailed match statistics, allowing you to track the progress of the match in real time while betting on cricket.
Place Bet
Choose your preferred cricket betting type (e.g., Match Winner, Toss Winner, Innings Runs, etc.), then enter your “Bet Amount” and click ‘Bet’ to place your wager.
- You can choose to place your bet either before the cricket match starts or during the match!
As shown in the image, find your preferred betting type, click on the “Odds” (2.47), then enter your bet amount of ₹50 to place the bet.
How to Read Cricket Odds
Cricket Odds are Displayed in 3 Formats: Decimal, American, and Fractional. The most common format in India is “Decimal”.
Decimal Odds
Decimal Odds also known as European Odds, are displayed as decimals and include the stake.
For example, if the odds are 2.11 and you bet ₹100 on Gulf Giants, you would receive ₹211 if the bet wins (with a net profit of ₹111).
American Odds
American Odds are displayed as “positive” and “negative” numbers. Positive numbers indicate the net profit for a ₹100 bet, while negative numbers show how much you need to bet in order to win ₹100.
- For example: +114 means you will net ₹114 for every ₹100 bet, while -159 means you need to bet ₹159 to net ₹100.
Fractional Odds
Fractional Odds, also known as “British odds” are typically displayed in the “X/Y” format. When you bet Y units, you can win X units in profit.
- For example, if the odds are 18/25, a ₹25 bet would win ₹18 in profit, a ₹50 bet would win ₹36 in profit.
- Different sports lobbies may display odds in different formats! Beginners often struggle to determine whether the stake is included in the odds, so be careful not to misinterpret them. Here’s a handy odds calculator to help!
Typically, the higher the odds, the lower the probability, meaning the likelihood of the event happening is smaller. However, if you win, you can earn a higher payout. In cricket, a draw is almost impossible, so the odds for betting on a draw are usually higher than for betting on either team to win.
Cricket Betting Odds Calculation Guide
Here’s how to calculate payouts using common decimal odds for beginners:
- Match: 2nd Women ODI
- Teams: Australia VS England
- Betting Time: Pre-match
- Bet Type: Fixed Match Winner
- Betting on Australia: Bet ₹100, if Australia wins, the total payout will be ₹126 (₹100 × odds of 1.26), net profit after deducting the original stake is ₹26.
- Betting on England: Bet ₹100, if England wins, the total payout will be ₹360 (₹100 × odds of 3.60), net profit after deducting the original stake is ₹260.
Calculate Parlay Odds for Cricket Bets
Multiply the odds of each cricket match in the parlay to calculate the total odds. Then, multiply the total odds by the bet amount to determine the potential payout.
Example: Parlay bet on 3 matches
- Odds for Match A: 2.58
- Odds for Match B: 2.22
- Odds for Match C: 2.95
2.58 × 2.22 × 2.95 = 16.89x. a ₹100 bet would give you ₹1,689.
- Parlay bets carry a higher risk, if any one match fails to win, the entire parlay bet will lose. Here’s a free parlay calculator to help you.
Withdrawing winnings from Vegas11
After the match ends, the winning amount will be added directly to your account balance. You can then request a withdrawal, and the funds should be received within about 5-10 minutes.
If a withdrawal fails, it’s likely that the accumulated “valid betting amount” in your account hasn’t met the platform’s requirements. You can directly contact Vegas11’s 24/7 customer support for assistance.
