If you are new to cricket betting or even a professional bettor you must know about basic and some important betting terms. The cricket betting market is an industry on its own with special and unique terminologies.
Also, you might have heard bettors say, “I’m considering a draw-no bet for the test match between Australia and India.” Or,
“I’m thinking of placing a handicap bet on the upcoming ODI series between West Indies and Bangladesh.”
This is how these terms are used in the betting industry. With our guide you can try and sound like an experienced one.
But first, let’s take a look at the Key Terms Every Bettor Should Know.
1. Basic Betting Terminology
- Bookmaker: A person, organization, or online betting site that offers odds and accepts your cricket bets.Â
- Odds: A chance or likelihood of a specific outcome happening. It can be a fraction, number, or ratio. For instance, If your odds are 2/1 for every 100 INR, then you would win 200 INR if your selected team wins.Â
- Moneyline: It is a type of odd that is expressed in money terms. Here’s an example- If a cricket team has odds of +150 then a 100 INR bet would win 150 INR if succeeded.Â
- Spread Betting: It is one of the types of cricket bets where the result is determined by how accurate your bet is rather than who wins or loses. This bet can include predicting the number of runs a team can score.Â
- In-Play Betting: Placing bets on a cricket match while the game is still in progress. The Odds in this bet continuously update as the game continues.
- Handicap Betting: It is a type of bet where a team is given a virtual shortage/deficit (handicap) to overcome. This is done to level the playing field in matches where one team is heavily favored.
- Futures: A bet that is placed in the current time, but the results will be known in the future, such as the winner of the league, tournament or series.
- Accumulator: A single bet that combines multiple selections. Your selection needs to be correct to win the bet. This type of bet offers high payouts, but the risks are high due to the number of selections.
- Parlay: Parley is also known as accumulator or combo bet. It involves multiple selections into a single bet. Your selections must have to be correct to win the bet.Â
What a parlay bet can look like: Three selections, match winner + total wickets + performance of a player = A bet of 500 INR.Â
- Dead Heat: A difficult situation where two opponents or competitors finish a match with the same results, also known as a tie.
- Void Bet: When a bet is canceled because of some unexpected situations or errors in the betting process.
2. Specific Betting Markets
- Top Batsman: Betting on which player will score the most runs for their team in a match or League.
- Top Bowler: Placing the bet on which player will take the most wickets.
- Over/Under: Betting on whether a particular statistic (such as total runs scored or total wickets taken) will be above or below a specified number (to see if your stat is accurate to the actual stat).
- Match Betting: You bet on a specific cricket match, like India vs. Australia, RCB vs. CSk’s first IPL match or West Indies vs. England.Â
- Series Betting: Betting on the outcome of a series of cricket matches between two teams.
- Draw No Bet: It is a type of bet where you get your stake back if the match is a draw.
- Toss: When the coin is tossed at the beginning of a match, you bet on which team will get head/tails.
3. Participants and Outcomes
- Favorite: A team that is expected to win has lower odds.
- Underdog: If a team is expected to lose, people place more bets on this team to win the match.
Final Thoughts,
We hope these above terms can help you get better at betting and help you use these terms in your future bets. However, if you are someone looking for a cricket betting site, then you can check Silver Exchange, also known as Silverexch. Com. It is one of the best betting sites that provides really good odds, and offers some amazing benefits.Â