by Alastair Symondson Friday 25 November 2016
The Oval - T20 cricket under floodlights
Cricket has taken great strides to make the game more accessible and entertaining to the sporting public. The cavalier approach of limited overs has trickled down to the Test arena where the action is more exciting than ever before and having a bet on the cricket only adds to the drama and tension.
Gambling is a major pastime in the UK and there are many ways to bet on sport. This cricket betting guide will help you choose the best betting strategy to suit your knowledge of the game and desire to take risks.
This is the only legal method that guarantees you can make a profit betting on cricket and other sports. The system uses betting exchanges and a handy matched bets betting calculator to turn bookmaker free bets and bonuses into cold hard cash.
Winnings from matched betting are limited by the value of the free bets. You’ll need to spend an hour or so each day to make £400-£500 per month and be prepared to bet on sports other than cricket. It’s ideal for people with limited knowledge of the finer points of cricket and those who are risk averse. It’s a brilliant way to pay for trips with the Barmy Army or to attend big finals.
Placing bets with a bookmaker is the most traditional way to bet on cricket. They offer lots of choice with match winner, Series winner, series scores, tops batsman and top bowler being the most popular markets. They’ll dream up plenty of alternatives for high profile games and these days you can also bet in-play with the odds changing as the overs run down and wickets fall.
Within limits, you can bet as little or as much as you want which allows you to judge the right balance of risk and reward for the level of excitement you want to experience. The odds are generally in the bookmakers’ favour but knowledgeable cricket fans keeping their eye on things like the weather, pitch conditions, the fitness/mood of key players have a better chance of winning than those relying on lady luck.
Cricket spread betting is a thrilling way to complement your viewing of live cricket but it is not for the feint hearted. Spread betting is inspired by city financial trading and is much more than simply predicting the final result. Spread betting firms will offer a prediction on a two way market and you decide whether the outcome will be higher or lower than the prediction (or spread).
Your skill and willingness to take risks is important in spread betting because the stake you place isn’t fixed. If you sell for £5 in a runs market for instance you’ll win your stake multiplied by each run higher than the spread or lose £5 for every run lower than the spread. So, the more your bet is right, the more you will win but on the flip side, the more you get it wrong the more you will lose.
Spread betting is regarded as high risk and you can lose more than your initial stake. In addition to an in-depth knowledge of the game it requires a good understanding of spread betting techniques and strategies.
Betting Exchange Trading
Betting exchanges allow to you to bet with other members of the exchange, you can place a bet as you normally would with a bookmaker or play the role of bookmaker and accept a bet from another member.
Cricket betting is very popular on the Betfair Exchange which has loads of markets to choose from. Exchanges provide a useful alternative to bookmakers where you can sometimes find better prices but come into their own as a platform for trading during a cricket match.
Exchange odds fluctuate with every over. Maiden overs, a batsman getting his eye in, fall of wickets, bowler changes and weather will cause the odds to swing back and forth. The best traders are adept at predicting the way the market moves, backing and laying for small profits that can build up to healthy gains by the end of the match. Like spread betting, trading on cricket requires great knowledge of the game and its statistics in addition to understanding the techniques and associated risks.