To be on cricket or for any other thing for that matter, you need to be able to read the odds. The odds are a representation of the probability that an event will happen or not. How to read betting odds cricket? That is quite easy. There are a few different ways that the odds can be represented on the leading websites like Betway, 1xBet, or Bet365.
Here is what you need to know.
How to read betting odds cricket?
Cricket betting odds can be represented as decimals, fractions, or using the American system. The first two are much more widely used but you actually just need to know any one. You can change the format in which the odds are displayed very easily on any leading betting website.
The decimal system is the most widely used and the default at most websites so let us try and see how that works.
For example, India is playing against Sri Lanka in an ODI. India is the favorite for this match and Sri Lanka the underdog. You may see odds something like India (1.50), Sri Lanka (2.80). You want to INR 100 on the outcome of the game. Your return, as per the odds, will be 100 x 1.50 if you bet on India and 100 x 2.80 if you bet on Sri Lanka.
This way you can see quite easily that the bookmaker is favoring India to win quite heavily. If you do not agree with this assessment then you have an opportunity to bet on the underdog and make a lot of money.
How to read betting odds cricket? Just multiple the odds with your stake and you will get an idea of the return that you get. The lower the odds, the stronger the bookmaker thinks the chances of that team/player winning. Good luck and remember to have fun!