Betacular Betfair Cricket Odds

• Betacular Betfair Cricket Odds Match
• Betacular Betfair Cricket Odds Cricket
• Betacular Betfair Cricket Odds
• Betacular Betfair Cricket Odds Genesis Open
• Betacular Betfair Cricket Odds For Today

Betfair International Plc is licensed and regulated by the Malta Gaming Authority. Licence Number: MGA/CL3/454/2008 17th March 2015, Triq il-Kappillan Mifsud, St. Venera, SVR 1851, MALTA.

Calculated using Betfair Exchange overround within 60 mins of the off, compared with bookmakers in TXOdds and BetRadar feed. Comparison includes 5% Commission, other charges may apply. T&Cs Apply

• 100% Free online Cricket betting tips for ODI, T20 & Test matches. Check BBL, World Cup, IPL prediction & live score. Bet with Betway, 10Cric & Bet365.
• I got massive odds on India yesterday but fell asleep and missed the low 3s. Squared off at 5.1 for a free bet but a bit miffed that I didn't bank a good level profit. Need an Aus collapse here. Don't fancy being a victim of the 'Uncrushable Gas Man'.

Betacular Betfair Cricket Odds Match

While Betfair does have a fully-fledged sportsbook in place (which is excellent, by the way), it’s arguably better known for its betting exchange. And, unlike other bookmakers which might focus more on their sportsbook, Betfair actually do a tremendous job of providing promotions for both sides of their business.

The Betfair Best Odds On Cricket promotion is a great example of how this bookie looks after its Exchange customers. The offer is easy to understand, but helps to net you considerably better prices. Let’s take a detailed look at what it involves, and how you can benefit from it.

Betfair Best Odds On Cricket

Before we can explain what makes the Betfair Best Odds On Cricket offer so appealing, let’s clarify a couple of things.

For the uninitiated, betting exchanges effectively let you wager ‘against’ other bettors, using prices set by the market, rather than using predetermined bookies’ odds as you normally would. This will almost always allow you to get better odds than you would from a sportsbook on a given market, because the ‘overround’ (or ‘vig’) is much lower.

An ‘overround’ basically means that the odds don’t add up to 100% probability. In a typical cricket match between England and Australia, for example, convert the odds into percentages and you might find that England are being given a 53% chance, and Australia a 60% chance, for an illogical 113% total. That extra 13% is value being lost by bettors, which is helping to guarantee the bookies a profit. Exchanges do still have an overround, but it’s usually much smaller. In the market above, for example, it might only be 2-3%.

Betacular Betfair Cricket Odds Cricket

So, how does the Betfair Best Odds On Cricket promotion help you gain value? In short, Betfair take the overrounds of a number of their competitors – including Coral, Ladbrokes, Paddy Power and William Hill – and ensure that theirs are the lowest of the bunch. It’s certainly worked too, with Betfair’s overrounds being roughly half that of those competitors since the beginning of 2019.

The only catch here is that Betfair take a 5% commission on bets. This is standard practice for betting exchanges, though, and the better odds and – in this case – lower overround should still ensure you get a better price than on a standard sportsbook.

Calculated using Betfair Exchange overround within 60 mins of the off, compared with bookmakers in TXOdds and BetRadar feed. Comparison includes 5% Commission, other charges may apply. T&Cs Apply

Betfair Best Odds on Cricket Terms and Conditions

Given that you will essentially just be betting on cricket as normal, there really aren’t many T’s & C’s for this deal. These are the few you do need to know about:

Betfair Best Odds on Cricket Terms and Conditions

• Applies to major cricket markets and matches, including the IPL, Big Bash and T20 Blast
• Competitors data is taken from a TXOdds and BetRadar feeds
• ‘Best Odds’ will be calculated within 60 minutes of the match beginning
• 5% commission is built-in to the overround calculations

How to Get the Betfair Best Odds On Cricket Offer

Again, using this offer really doesn’t differ too much from regular cricket betting. The hard work – the calculation of the prices, based on competitor data – is all done for you.

To help you along, though, here’s a quick and easy guide on how to use the Betfair Best Odds On Cricket offer:

Betacular Betfair Cricket Odds

Register at Betfair.com, and make a deposit into your account

‘Best Odds’ prices are calculated within 60 minutes of the off, so look for games starting that day. Also bear in mind that the offer extends to major tournaments and matches only

Once you’ve found a match you like, select a team to win by clicking the appropriate odds

Set a stake in the box that opens up, then click ‘Place bet’

Betfair Best Odds On Cricket Offer Example

With any prior experience of betting on cricket – or, honestly, just sports betting in general – you should get the hang of the Betfair Best Odds On Cricket promotion in no time.

In addition to being nice and simple, this offer is also open to plenty of creativity thanks to the number of cricket markets it covers. Here is just one example of how you might go about using the offer:

Big Bash Example

• The Big Bash League has recently started, and you want to stick a bet down
• Navigate to the cricket section on the Betfair Exchange, and locate the Big Bash area
• The Hobart Hurricanes vs Sydney Sixers game is starting in 15 minutes, meaning Betfair’s competitor analysis should have been completed
• Take the Sixers to win, with a £10 stake, at 2.04 (1.04/1). This price includes the 5& commission. Thanks to ‘Best Odds On Cricket’, you can be confident this is still a highly competitive price
• The Sixers win, returning £20.40

Calculated using Betfair Exchange overround within 60 mins of the off, compared with bookmakers in TXOdds and BetRadar feed. Comparison includes 5% Commission, other charges may apply. T&Cs Apply

So the Cricket World Cup has come around and most of the teams have played at least one match now with the pre-tournament favourites, South Africa, Australia and New Zealand all looking pretty good. England and the West Indies do not look so good and it’s hard to see these teams making it very far in the competition. It’s also good to see Afghanistan play as it looks like they won’t be allowed into future competitions.

Note: For those who don’t know what cricket is, you can check out this explanation.

On a personal note, I have tickets to a couple of games including the semi final so I am optimistically hoping for an England and New Zealand match-up.

Of course, apart from playing and watching the game, betting on it can also be a bit of fun and these days it’s possible to trade cricket matches online using the sports betting exchange, Betfair.

How to trade cricket matches with Betfair

Betfair is a UK based sports exchange which may not be available to US customers but still it’s a great platform if you can get access to it.

There was a report a few years ago that at least 90% of those who use Betfair lose overall, so remember that what we are talking about here is high risk; it’s gambling after all.

Step One

So the first step to trading cricket matches on Betfair is to find an upcoming cricket match and check out the odds. So there’s a big match happening on Sunday which is between South Africa and India and you can see from the image below that South Africa are favourites with odds of 1.57 to back and 1.6 to lay while India are underdogs with odds of 2.66 to back and 2.76 to lay.

What this means is if you bet £10 on South Africa, you’ll get back £15.70 if they win. £10 (your initial stake) plus £5.70 (profit).

Betacular Betfair Cricket Odds Genesis Open

If you bet £10 on India, you’ll get back £26.60 if India win. Of course, if you’re wrong you lose the £10.

The neat thing with Betfair is that, unlike traditional bookmakers, you can place a bet (back), then sell it (lay) at any time before the match is finished. This includes when the match goes in-play.

And if you do this well enough you can then be sitting on a tidy profit, which ever way the result goes.

Step Two

So we know how to place a bet, the next thing you need is a strategy and as with anything there are numerous options that come to mind.

Bet outright

First of all, you can do your homework on the two teams, compare their form, the quality of the players, the conditions of the pitch etc. and then make an outright bet on the team you think might win. This is the standard approach. If you want to get technical you could look at the cricket statistics, draw up all sorts of spreadsheets and analysis, compare the real odds to your calculated odds then use a Kelly calculator to optimise your bet size.

Trade the pre-market

Just like stocks you can also trade the pre-market, or in other words you can bet on either cricket team and hope to make a profit before the game even starts. If a key player gets injured, for example, this could change the odds significantly and if you bet the right way you can lock in some profits before the game goes in-play.

Trade the match in-play

Betacular Betfair Cricket Odds For Today

Another option is to trade the match in-play and again there are numerous possibilities. You could simply watch the game and if you feel one team is in better form and more likely to win you can make a bet. If they start to tail off, you can then sell the bet for a loss or profit.

Alternatively, you could bet on a team after a significant event, such as after a wicket has fallen. In fact, there have even been studies to show that this could be a profitable strategy.

This research paper, for example, looks at in-play betting markets and shows one interesting idea. It says that when the team batting first loses a wicket, the betting markets often over-react to the event. Backing the first batting team when they lose a wicket is suggested to be a profitable strategy resulting in returns of ‘20%’.

Combine strategies

Another idea is to use your judgement during the match. Look for moments where the odds look mis-priced then make a trade. Do some research into possible batting totals and match scenarios then look for moments of value.

For example, South Africa are a very good team, so if they happen to get off to a bad start, there might be value in betting on them then, because the odds will be much better.

The great thing about cricket one day matches is that they last a long time and they are often close and exciting. This means they tend to give a lot of opportunities to close out a bet. I used to read this blog of a Betfair trader quite regularly and there are some great tips on there about cricket trading and betting in general.

Just sit and watch

Whatever you choose to do, bet or no bet, just remember first of all to sit back and enjoy the game.

Thank You For Reading

Joe Marwood is an independent trader and the founder of Decoding Markets. He worked as a professional futures trader and has a passion for investing and building mechanical trading strategies. If you are interested in more quantitative trading strategies, investing ideas and tutorials make sure to check out our program Marwood Research.

Disclaimer

This post expresses the opinions of the writer and is for information or entertainment purposes only. It is not a recommendation or personalised investment advice. Joe Marwood is not a registered financial advisor or certified analyst. The reader agrees to assume all risk resulting from the application of any of the information provided. Past performance, historical or simulated results are not a reliable indicator of future returns and may not account for real world settings. Financial trading is full of risk and margin trading can lead to financial losses totalling more than what is in your investment account. We take care to present accurate analysis but mistakes in backtesting and presenting of analysis regularly occur. Please read the Full disclaimer.

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