Cricket is a popular sport with millions of fans around the world and cricket betting is one of the top choices for bettors. Betting on cricket through betting exchanges instead of traditional bookmakers is unique as it allows bettors to place back and lay bets and compete against other bettors. Understanding what the basics of cricket betting on betting exchanges will help new bettors get started.
What Is Cricket Betting on Betting Exchanges?
Cricket betting on betting exchanges is different from traditional betting with a bookmaker. They both allow bettors to bet on the outcome of a cricket match, but betting exchanges allow bettors to bet on an outcome not happening as well. In a betting exchange, bettors compete against other bettors in a peer-to-peer betting environment. This means that there are two sides of a bet for every outcome and one bettor is taking one side placing a back bet and another bettor is taking the other side placing a lay bet and together they form a matched bet.
For example, in a cricket match, a bettor believes team A will win and decides to place a back bet on it. Another bettor on the betting exchange believes that team A will not win the match and takes the opposite side of the bet and places a lay bet on team A. Placing a lay bet on an outcome means placing a bet on it not happening. In this case, if team B wins the match or the match ends in a draw, the lay bet on team A wins. If team A wins the game, the lay bet loses and the bettors who placed the back bet on team A wins. In betting exchanges, bettors can find a wider variety of bets, better odds and potentially higher profits.
Popular Cricket Betting Markets
The most popular markets in cricket betting are:
- Match Winner: this is the most common cricket betting market, where bettors simply bet on which team will win the match.
- Top Batsman: in this market, bettors bet on which player will score the most runs in the match.
- Top Bowler: this market is for betting on which bowler will take the most wickets in the match.
- Total Runs: in this market, bettors can bet on the total number of runs scored in the match. The betting exchange will usually offer an over/under option, where bettors bet on whether the total runs will be over or under a certain number.
- In-play betting: betting exchanges allow inplay cricket betting. This means that bettors can place bets during the match as the game is in progress. In this type of betting they can find more markets to bet on, but they need to be quick in placing their bets because the odds tend to change quickly based on what is happening in the game.
How to Get Started with Cricket Betting on Betting Exchanges
Getting started with cricket betting on betting exchanges is very easy. First, you need to sign up with a betting exchange. There are betting exchanges where you can register directly and others, like Winfair24, where you need a betting broker to give you access. There are many popular betting exchanges available, and most of them offer a wide range of cricket betting options.
Once you have chosen a betting exchange and signed up, you need to deposit money into your account in order to start betting. You can explore many cricket sports events and tournaments and the markets offered in each. It is a good idea to start with small bets until you get a feel of how betting exchanges work.
As you become more comfortable, you can start exploring more advanced strategies such as laying bets or trading your bets during a match. There are many online resources available where you can find information and help in order to learn more about cricket betting and how to make the most of your bets.
In Short
Cricket betting on betting exchanges is a unique way to place bets and its becoming more an more popular. On betting exchanges bettors can place a back bet on team to win, on the player they think will score the most runs, and many more, and they also have the opportunity to place lay bets on outcomes they believe will not happen. Betting on cricket on betting exchanges has plenty to offer for every type of bettor whether new or experienced.