On cricket betting sites, “Bhav” or “Odds” refers to the numerical representation of the probability of an event happening during a cricket match. Bhav is a Hindi word that translates to odds or price in English.
In cricket betting, Bhav, also known as betting rates, represents the offerings made by bookmakers for various outcomes in a match.
Read on to find out more!
Bhav Explained
Bhav are numerical representations of the likelihood of a specific event occurring during a cricket match. They help determine the potential winnings you could receive if you place a bet on a match.
The bhav is set by online betting sites based on various factors, such as team strengths, recent performances, pitch conditions, statistics, and much more.
Different parts of the world use different odd formats. Let’s have a look at the three most common Bhav types below.
Decimal Odds
Decimal odds are the most popular odds format in many countries, including India, Europe and Australia. They are represented as decimal numbers larger than 1, such as 1.50, 2.75, 3.20, etc. The decimal number represents the total amount you will receive for every unit you bet, including the original stake.
Suppose there is a T20I cricket match between India vs. Australia.
- Betting Market: Match Winner
- Bhav or Odds:
- India – 1.75
- Australia – 2.25
In this example, India is considered the favourite with odds of 1.75. If you bet ₹1,000 on India to win, you would potentially receive ₹1,750 (₹750 profit + ₹1,000 stake).
On the other hand, Australia is the underdog with odds of 2.25. If you bet ₹1,000 on Australia to win, you would potentially receive ₹2,250 (₹1,250 profit + ₹1,000 stake).
Fractional Odds
Fractional odds are commonly used in the United Kingdom and Ireland. They are represented as fractions, such as 3/1, 5/2, 7/4, etc.
The numerator (top number) represents the potential profit, and the denominator (bottom number) represents the amount bet.
Let’s look at an example about an ODI match between England and Pakistan.
- Betting Market: Top Batsman for England
- Bhav or Odds
- Joe Root – 3/1
- Eoin Morgan – 5/1
- Jos Buttler – 7/1
In this example, you have the option to bet on the top batsman for the England cricket team. The odds are represented in fractional format.
Joe Root has Bhav of 3/1. If you bet ₹1,000 on Joe Root and he becomes the top batsman, you would potentially win ₹3,000.
Eoin Morgan has Bhav of 5/1. If you bet ₹1,000 on Eoin Morgan and he becomes the top batsman, you would potentially win ₹5,000.
Jos Buttler has Bhav of 7/1. If you bet ₹1,000 on Jos Buttler and he becomes the top batsman, you would potentially win ₹7,000.
Money Line Bhav
Money Line odds are primarily used in the United States of America. They can be expressed as positive or negative numbers.
Positive odds (e.g., +200) indicate the potential profit on a ₹100 bet, while negative odds (e.g., -150) represent the amount you need to bet to win ₹100.
Let's explain this to you with an example from a cricket match between Australia and West Indies.
- Betting Market: Match Winner
- Bhav or Odds:
- Australia -150
- West Indies +200
Australia has odds of -150. The negative sign indicates that Australia is the favourite. If you want to win ₹100 with Australia's odds of -150, you need to bet ₹150.
West Indies have odds of +200. The positive sign indicates that West Indies are the underdogs. If you want to win ₹200 with West Indies' odds of +200, you need to bet ₹100.
So, if you bet ₹1,000 on West Indies and they win, you would potentially receive ₹3,000.
Conclusion
Bhav is a Hindi word that translates to ‘price' or ‘odds' in English and is used to determine the potential payout you stand to win when you bet on a certain outcome.
The Bhav is often denoted in one of three ways: decimal, fractional or moneyline. Out of these 3 options, the decimal bhav format is by far the most popular and easy to use.
