Online cricket betting odds are a part of cricket betting that no bettor can do without. After all, it is important to understand how they work just in the betting process. Everything here has to do with simple maths. Not knowing how to synchronise basic fractional or decimal bets can lead to a loss. With a proper understanding of the counting process, you would be able to greatly increase your chances of successful betting, while earning as much as possible. All professionals know from personal experience that using multiple betting odds cricket formats contributes to the success of their bets.
Best cricket betting odds
Before we understand the issue of best cricket betting odds, we need to understand the very definition of betting odds for cricket. At the moment, two concepts can be distinguished:
- Odds are a certain numerical value that is determined by the company. In other words, it is the ratio between the amount of the bet of the bookmaker and the player. For example, the odds of 7/1 means that the bettor makes a bet seven times the amount bet by him. If the player wins, the result he predicted comes true. He takes from the bookmaker the amount seven times his bet (in this case);
- The bookmaker’s odds is the probability of this or that outcome, taking into account the margin (commission) of the bettor. Based on the known figures of the odds, the player can determine the possible amount of payout and income in case of a successful bet. It is usually recorded as a decimal with two decimal places.
At the moment the best types of odds are Decimal (European), English (fractional), The American (it can be positive or negative).
These are otherwise known as European odds. This is the most popular and understandable type. They are usually written in integer format with a common fraction: e.g. 1.3, 2.45, etc. The lower the odds, the higher the probability of the outcome.
How to count and understand decimal odds?
A European odds is written as a whole number with a fractional part, e.g. 1.25, 2.45, 3.15. This figure shows how many times the size of your bet will increase if your bet goes through. Calculating the amount of earnings is simple: multiply the deposit amount by the coefficient. There are no positive or negative values.
This format came to online betting from the UK. Their appearance is a simple fraction. For example, they are 1/4, 5/8, 3/10 and so on. This odds means the ratio of the amount of net winnings to the size of the bet.
How to calculate fractional odds?
As noted, this type of odds is the ratio between the potential amount of your winnings and the number you need to bet to get those winnings. It is written in the form of common fractions: 2/9, 1/3, etc. A trusted bookmaker offers different betting display formats. This applies, among other things, to this type of odds, which also give the opportunity to choose fractal indicators.
This variant has an interesting image format: an integer with a plus or minus sign, such as +100, -300 and so on. An indicator of the status of your favourite team or athlete is the “-” sign. This type is one of the most rarely chosen. It is rather used for the variety of game activities.
How to read American odds?
If you see a minus sign near the American odds, it means the size of the amount you have to bet in ratio to 100 units in the account currency. What does + mean in American odds? This is the net profit you will get for 100 units of betting.
Based on the information presented, it should be concluded that understanding the odds is the key to betting success. The information presented here will help you to understand which odds are the most comfortable for you, as well as what advantages there are in using them. This will help you to bet more successfully and earn even more. And for more detailed information, you can refer to professional platforms like sportscafe.in to improve your counting skills!