Cricket trading is different from simply betting on which team will win a match. Instead, it focuses on predicting the short-term movements in the betting odds offered by online sports bookmakers and exchanges.
Let’s understand this with more clarity,
Cricket trading is just like the stock market. But instead of stocks, you are trading the odds of specific events happening in the match. These ‘specific events’ could be anything from which team wins the toss to how many runs will be scored in the next over.
Markets: Cricket trading platforms offer various markets for you to place bets on. These can be pre-match (before the game starts) or in-play (during the live match). Examples include:
Who will win the toss?
Top batsman
Total match score
How many runs will the pair make in next over
Pre-Match Markets: Placed before the game starts, these markets could involve predicting the toss winner, top batsman, or total match score.
In-Play Markets: These markets allow you to react to the live match, placing bets on events like the next batsman to be dismissed or the number of boundaries in the upcoming over.
Odds: Every market has odds connected with it. These odds tell the probability of an event happening and the potential cash/reward you’ll receive if your prediction is correct.
Back and Lay Bets: Unlike traditional betting where you win if your chosen team wins, in cricket trading you bet on two types of bets:
Back Bet: You place a bet on an event happening (e.g., Team A to win the toss). If your prediction is correct, you win money based on the odds you got.
Lay Bet: You basically act as a sports bookmaker and bet against an event to not happen (e.g., Laying Team B to win the match). If your prediction is correct (i.e., Team B loses), you keep the stake you placed.
In simple terms,
You are ‘laying a team with positive odds like 2.00, and if this team losses or the match ends up in draw you get the stakes of backers just like you see below:
Is Cricket Trading Profitable?
Is cricket trading profitable? It all depends on how you do cricket trading. Also, the main aim of cricket trading is to make money by taking advantage of the odds changing during a match. You do this by looking at:
How well the teams are playing and if their players are fit.
The condition of the pitch (a dry pitch is good for batsmen, while a pitch that helps spinners challenges batsmen).
Weather forecasts (rain delays can affect the game).
Who wins the toss (batting first on a good pitch can be an advantage).
Watching the match live and analyzing how it’s going (like which team has momentum, if players are getting tired, and key moments).
The idea is to buy bets when the odds are low (when you think they’re undervalued) and sell them when the odds are high (when you think they’re overvalued) to make as much profit as possible.
Can I Be A Millionaire By Trading?
Becoming a millionaire through cricket trading, or any kind of trading for that matter, is not fully possible. It’s important to have realistic expectations (like buying your favorite playstation, car, smartphone, watch etc through your cricket trading money). Here’s a why we agree to disagree the talk of becoming a millionaire with cricket trading:
- High Risk: Cricket trading involves a high risk of losing money. The odds are always slightly in favor of the trading platform through commissions or spreads. This means you need to win more than you lose continuously to turn a profit.
- Skill and Experience: Successful trading requires a deep understanding of cricket. From key players of the tournament to the pitch condition, and the ability to analyze complex information quickly and make sound decisions. It also takes time and experience to develop these skills.
- Discipline and Emotion Control: Sticking to your plan and avoiding constant change in decisions is a must. This can be challenging, especially when real money is on the line. You’d want to find all possible ways to utilize your trade.
While some people do make significant profits from trading, it’s not a guaranteed path to become a millionaire. There are many successful traders, but there are also many who lose money.
Here are some alternative ways to approach cricket and potentially make money:
Traditional Betting: This is a simpler option where you pick a winner or predict an outcome of the match. For instance, you can predict the winner of today’s IPL match on our gaming platform to win some cash prizes instantly.
Fantasy Cricket: Build a virtual team and compete with others based on player performances. Platforms like Dream11 and MPL offer you to create your virtual team, earn points and stand a chance to win exciting prizes.
Cricket trading can be an exciting way to add another dimension to watching the game. But remember, approach it with a focus on enjoyment and learning, not as a get-rich-quick scheme. Start small, prioritize learning from your experiences, and never chase losses.