Indibet Cricketbook is an online bookmaker that offers a dedicated platform for cricket betting. When you access the Cricket book, you’ll immediately find a comprehensive list of upcoming cricket matches, complete with odds and a wide variety of betting markets. All your placed bets will be conveniently displayed on your bet slip. The Cricketbook also allows you to filter matches by specific tournaments and leagues, such as:
- T20 World Cup
- Indian Premier League (IPL)
- ICC tournaments
- Ashes Series
- One Day Internationals (ODI), and more.
Each tournament and league on Indibet’s Cricketbook provides competitive odds, giving you the chance to secure significant winnings.
Understanding Cricket Betting Odds and Rates
In the US, the NFL and NBA dominate sports betting, while in Europe, it’s football, and in India, cricket reigns supreme. Cricket’s immense popularity in India makes it the most common sport for wagering, which is why cricket betting sites are among the most prevalent sports betting platforms in the country.
Given this context, it’s no surprise that most Indian bettors seek out cricket odds and rates. Like all betting odds, cricket odds represent the probability of a particular event occurring during a match.
The win probability in cricket betting is determined by algorithms that consider various factors, including team performance, individual player stats, pitch conditions, weather, and more. Since cricket is a complex sport with many variables influencing the outcome, these factors are all analyzed to calculate the likelihood of specific events.
For example, in a cricket match between India and England, the calculated probabilities might look like this:
- India win — 60% chance (1.66 odds)
- England win — 40% chance (2.5 odds)
However, the final odds shown on betting platforms are not exactly these figures because the sites need to incorporate a margin—essentially their guaranteed profit. This margin varies depending on the sport, event, or match, and it can also be influenced by factors like public opinion or competitive actions. Typically, this margin falls between 5% and 7%.
If we apply a 6% margin to the earlier example, the adjusted odds would be:
- India wins — 66% or 1.51 odds
- England win — 46% or 2.17 odds
As illustrated, the displayed odds slightly differ from the true win probabilities. Most online bettors in India might not be aware of these margins, as betting sites often do not disclose them. To better estimate the actual odds and chances of winning, it’s important to account for these margins when placing bets.
Understanding win probability and cricket rates
You can easily calculate the win probability just by using the given odds on a betting app. You only need to use the following formula for decimal odds:
1 / odds x 100 = probability
So, if the odds are 1.5, the probability is 1 / 1.5 = 0.66 x 100 = 66%. If they are 2.0, the probability is 1 / 2.0 = 0.5 x 100 = 50%.
As for the other two odds formats, here are the formulas:
For fractional odds — Denominator / (numerator + denominator) x 100.
For moneyline odds — Odds / (odds + 100) with positive moneyline and 100 / (odds + 100) for negative moneyline.
This is essential knowledge to start betting online, as it’s good to learn what the likelihood of something happening is for the simple reason that it will paint a clear picture of what cricket odds represent.
Now that you know that 2.0 odds represent a 50% chance of winning, you effectively know that anything below 2.0 means your selection is favored to win. If you’re willing to take on a bit of risk, you can always go between 2.0 and 3.0, but the higher you go, the lower the chances.
How to Bet on Cricket Book and Win
Betting on a Cricket book can be exciting, but it also requires knowledge, strategy, and discipline. Here are some tips to help you bet on Cricket books and increase your chances of winning:
- Understand the Game
Formats: Cricket book has different formats (Test, ODI, T20), and each one has different dynamics.
Teams and Players: Know the strengths and weaknesses of teams and individual players. Player form, injuries, and conditions can affect performance.
Pitch Conditions: The pitch can significantly influence the outcome of a match. Some pitches favor batsmen, while others are more suited to bowlers.
- Research and Analysis
Head-to-Head Statistics: Check the history between the teams, especially in similar conditions.
Current Form: Analyze the recent performance of both teams and key players.
Weather Conditions: Weather can affect the outcome of a match, particularly in Test Cricket book.
Toss: The toss can have a significant impact on a match, especially in certain conditions.
- Types of Bets
Match Betting: The simplest form of betting, where you bet on the outcome of the match (win, lose, draw).
Top Batsman/Bowler: Bet on who will score the most runs or take the most wickets.
Over/Under Bets: Bet on whether a particular statistic will be over or under a specified amount.
In-Play Betting: Place bets during the match as the game unfolds, taking advantage of changing odds.
- Bankroll Management
Set a Budget: Decide how much money you’re willing to risk and stick to it.
Best Small Amounts: Avoid betting large portions of your bankroll on a single bet.
Avoid Chasing Losses: If you lose a bet, don’t immediately try to win it back with a bigger bet. Stay disciplined.
- Use Betting Strategies
Value Betting: Look for odds that are higher than they should be based on your research.
Hedge Bets: Place bets on different outcomes to minimize potential losses.
Arbitrage Betting: Take advantage of differing odds across bookmakers to guarantee a profit.
- Stay Informed
Follow Expert Tips: Some experts and analysts provide betting tips, though they’re not foolproof.
Watch Matches: The more you watch, the better you’ll understand the game and spot betting opportunities.
Stay Updated: Keep up with the latest news, including injuries, team selections, and other relevant updates.
- Choose the Right Bookmaker
Odds Comparison: Different bookmakers offer different odds, so shop around for the best value.
Bonuses and Promotions: Take advantage of signup bonuses and promotions, but read the terms and conditions carefully.
Reputation: Choose a bookmaker with a good reputation for paying out winnings and offering fair odds.
- Psychological Discipline
Avoid Emotional Betting: Don’t let your biases or emotions influence your bets. Stick to the facts and your research.
Take Breaks: If you’re on a losing streak, it might be wise to take a break and reassess your strategy.
- Record Your Bets
Track Wins and Losses: Keep a record of your bets, including the amount wagered, odds, and outcome. This will help you analyze your performance and refine your strategy.
Learn from Mistakes: Review your past bets to understand what went wrong and how you can improve.
- Responsible Betting
Know When to Stop: If betting stops being fun or starts affecting your life negatively, take a break or seek help.
Gambling Support: If you feel your betting is out of control, consider seeking support from organizations that help with gambling addiction.
Betting on a Cricket book can be enjoyable, but it’s important to approach it with a clear strategy and a responsible mindset. Remember, no strategy guarantees a win, so always be prepared for the possibility of losing.
Indibet Cricket Book Betting Rules
- In limited overs matches, bets will be void if it has not been possible to complete at least 80% of the scheduled overs in either inning due to external factors, including bad weather unless settlement of the bet has already been determined. In drawn First Class matches, bets will be void if fewer than 200 overs have been bowled unless settlement of the bet has already been determined. This rule applies to all markets except match winner/odds where the official result stands or to markets that have already been determined.
- If a match is abandoned due to outside interference, then bets will be voided unless a winner is declared based on the official competition rules. In the event of a change of opponent from the one advertised, then all bets for that match are void. If a match is canceled, then all bets will be voided if it is not replayed within 48 hours of its advertised start time.
- In a market where the final winner was never listed as a selection, we will void all bets on this market and return stakes to the customer, as it will have been impossible for them to place bets on the final winning selection.
- Exchange Match Odds and Match Winner markets are settled differently in the event of a tied match. Exchange Match Odds bets will be voided if a match is tied, whilst Match Winner bets are settled as per the result of the subsequent Super Over.
- Bets placed using multiple logins, duplicated IPs, or on prices that are palpably latent, will all be voided at the discretion of the operator. Consistent trading activity in line with these patterns will result in account closures.
- Bonus abuse will not be tolerated by the operator and repeat offenders will have their account closed with immediate effect at the sole discretion of the operator.
- Bets that appear to use manipulation or are suspected of doing or fund passing will result in the closure of accounts. The operator employs a zero-tolerance policy towards these practices, and accounts will be closed at the operators’ discretion without warning.
- Bets placed at odds that fall within the ‘palpable error’ ruling will be voided and winnings retired from the players’ balances. Players will have the bet resettled at the correct odds. The palpable error covers any pricing mistake that means a bet is struck at odds that are demonstrably not correct. The operator has sole discretion regarding the deployment of this ruling.
- Outright markets will be settled as per the official result of the competition related to the market. In the event that a competition is abandoned, then all bets will be declared void and stakes will be returned to players.
- Where any information displayed on the site in respect of score, team news, or location of the fixture is deemed to be false, bets will stand regardless. All information displayed by the operator is done so in good faith, and the operator accepts no responsibility for display errors of this nature. All effort will be made to ensure data display is always 100% accurate, but players must accept responsibility for their own bet management.
- Fancy Markets use the American odds format, whilst Fixed Odds Markets use decimals. Players must take responsibility for their bets at all times and use the bet slip to check their wagers before placing.
- What is the difference between match odds and match winner? Match odds is an exchange market that allows you to back and lay. A Back bet is where you bet on something to happen, whilst a Lay bet is where you bet on something not happening, and you effectively take on the role of the bookmaker. In this market, there is a 4% commission charge on net winnings for this market per match. Match Winner has 0% commission and allows you to back either team to win the match, but there is no Lay option available.
- What are Fancy bets? Fancy bets allow you to bet Yes or No on a market in regard to a certain score. As an example, you will see 20 Over-Runs markets with a rate of No 155 and Yes 156. If you bet No 155 then you need the 20 Over score to fall below 155, if this happens you will win your bet. If the score lands on 155 or above, then your bet loses. If you bet Yes 156 then you need the 20 Over run score to land on at least 156 or higher in order for your bet to win, any lower and you will lose. On Fancy bets, we display rates in American odds. On a NO bet you enter your stake as your liability, in effect, this is the maximum amount you can lose on the bet, with NO bets you are becoming the bookmaker in effect. On a YES bet, you enter your stake and that amount is multiplied by the odds to calculate your returns.
- What are Fixed Odds Markets? These markets are traditional over and under bets displayed in decimal format. As an example, you may see 20 Runs offered at Under/Over 155.5. This means if you bet on Overs, you require a total of 156 or more to win your bet; and if you bet Under, you need a score of 155 or less to win.
- What is Pre-Match? In the event of a delayed match, the match must be played within 36 hours of the original start time or all pre-match bets will be void.
- What is In-Play? When we state “team must have had the opportunity to face at least x % of overs” this does not mean they have to bat or bowl at least that percentage of those overs, but that they had the opportunity to bat or bowl that percentage of the overs if the match or innings hadn’t reached a natural conclusion (i.e., declaration or reached target) already.
FAQ:
How do I bet on a Cricket book?
There are a number of ways in which you can bet on Cricket books. When betting on a Cricket book, you are able to wager on Match Indibet, Innings Runs, First Ball/First Over, Player and Team Totals, Live Cricket book Bets, Coin Toss, Top Batsman/Top Bowler, and Most Sixes just to name a handful. These are the most popular Cricket book bets to make.
Which is the best online Cricket book betting site?
There are several reputable online Cricket book betting sites to place your Cricket book bets. However, at Oxfortune, we believe Indibet Indibet to be the best online Cricket book betting site. While Indibet may be somewhat of a relatively new brand in the market, they have great odds and lines on Cricket books in addition to live Cricket book betting as well.
How do you read the odds in the Cricket book?
How you read the odds in Cricket book is no different than any other sport. A moneyline wager, where you pick the Indibet of a match, has the favorite listed with a minus (-) symbol and the underdog listed with a plus (+) symbol. A $100 bet on a +170 dog would see you profit $170. While a $100 bet on a -200 favorite would see you profit $50.