The game of cricket has always been about passion, tactics as well as hair-raising moments. Betting on cricket matches takes things up a notch for fans that want to improve their experience. Lotus365 is one of the top online betting platforms offering a variety of cricket betting markets that cater for people who are looking for fun and profit.
How to Understand Cricket Betting Odds
Before getting into the different types of cricket betting odds it is important to know the basics. Betting odds reflect the chances of an event happening and determine how much you can win if you bet on it successfully. They are presented in three main formats: decimal, fractional and American. The information they convey is the same but expressed differently.
Decimal Odds
Decimal odds are simple and popular in Europe, Canada, Australia among others because simply shows you what will be paid instead of just profit.
For instance: If the odds stand at 3.00 and you stake ₹1000, then your total payout would be ₹3000 (₹2000 profit + ₹1000 stake).
Fractional Odds
Fractional odds are traditional in Britain and Ireland, where they show the profit for every 2 staked.
For example: if there are 5/2 odds, by staking ₹2 one can make a ₹5 profit with an overall payout amounting to ₹3500 (₹2500 profit + ₹1000 stake) out of a bet worth ₹1000.
American Odds
In America however, oddsmakers often use positive moneyline numbers while negative ones indicate required stakes when wagering $100.
Let’s explain this using two examples; Firstly if we say that the betting line on Green Bay Packers at +300 which means that if you place $100 on them you’ll get back $400 ($300 winnings plus your original bet). Another example can be illustrated thus; San Francisco Giants -150 implies that if someone wants to win a $100 profit, they are to place first a stake of $150 which leads To Total Payouts Of $250.
Types of Cricket Betting Odds
Cricket betting has many different markets and types of odds available for you. Here are some of the main types of cricket odds commonly seen in Lotus365:
Match Betting
This is the most straightforward type of cricket bet where you will only bet on who will win, lose or draw the game.
For example: India vs Australia
India to Win: 2.00
Australia to Win: 2.50
Draw: 4.00
Series Winner
In series betting you’re not guessing who’s going to win just one game but rather a whole series of matches. This is common in Test cricket and Limited-overs series.
For example, England vs South Africa (5-match Series)
England to Win it: 1.80
South African Victory: 2.10
Top Batsman/Bowler
Betting on top batsman or bowler involves predicting which player would score highest runs or take highest number of wickets during match/series,
For instance – Top Batsman in a Match:
Virat Kohli – 3.50
Joe Root – 4.00
Steve Smith – 4.50
Man Of The Match
Here, one has to predict who will be named as Man Of The Match for each match played by two teams competing against each other. It is usually high odds since it could be challenging to predict individual performers.
Ben Stokes -6 .00
Jasprit Bumrah-7 .00
Kane Williamson-8 .00
Over/Under Bets
Over/Under bets involve predicting whether a certain statistic in the match will be over or under a specified amount. Popular markets include total runs scored, total wickets taken and individual player runs made.
Sums of All Runs in Match
over300.5: 1.90
under300.5: 1.90
Proposition Bets (Prop Bets)
Special bets are prop bets placed on certain events within the match, which can vary from number of sixes to method of first wicket fall.
Example: Number of sixes in an inning
Over10.5: 2.00
Under10.5: 1.80
Futures Bets
Would be Indian Premier League (IPL) winner?
Mumbai Indians – 4.50
Chennai Super Kings – 5.00
Royal Challengers Bangalore – 6.00
How to Place Cricket Bets on Lotus365
Doing cricket betting on this bookmaker is simple and user-friendly as described below:
- Create an Account- Sign Up at the website or mobile app provided by Lotus365 with your details required and complete registration process.
- Deposit Funds- Add money into your account through UPI, bank transfers or credit/debit cards.
- Navigate to Cricket Betting- Go to sports section and click cricket; Check available matches and betting markets.
- Select Your Bet- Choose what type of bet you want to place; Click the odds so that you add a selection in the bet slip.
- Enter Stake- Put the amount you wish to wager in your bet slip; The possible payout will automatically be calculated.
- Place Bet- “Place Bet” button confirms your bet; After confirming, your bet will be placed and recorded accordingly.
FAQs
What are betting odds?
“Betting odds” mean a particular sports event outcome probability, as well as how much money can be won when betting is successful.
How do I read decimal odds?
Decimal odds represent total payouts for winning wagers including original stake where payout multiplied by bet amount gives total return hence win amount plus stake value returned for this combination which is also known as decimal odds.
What is the difference between fractional and decimal odds?
Fractional odds scale the profit to stake ratio while decimal odds show the total payout including stake for a winning bet.
How do I place a cricket bet on Lotus365?
Create an account, deposit funds, navigate to the cricket section, select your bet, enter your stake, and confirm your bet.
What types of cricket bets can I place on Lotus365?
You can try many markets such as match betting, series winner, top batsman/bowler, Man of the Match and over/under bets among others.
Understanding different types of cricket betting odds will help you make informed and strategic bets in Lotus365. Being familiar with these numbers will give you an edge when it comes to placing successful wagers. Whether you are a seasoned player or just starting out in sports gambling lotus 365 offers numerous markets at competitive prices to suit all preferences.
