How to Read Market Rates in Cricket Betting

Betting on cricket is a great way to enjoy one of the world’s most popular sports. But to get the best out of your experience, you need to know how to read market rate in cricket betting.

This may sound complicated, but it isn’t! Today, we’re going to explain how to read the market, as well as how to calculate cricket betting rates, in our handy guide. 

The term ‘cricket betting rates’ simply refers to the odds you get from a bookmaker on certain outcomes occurring within a cricket match.

There are many cricket betting rates to choose from, each offering an exciting way to bet on cricket and potentially pocket some winnings. 
 

Now that you know that cricket betting rates refer to odds, it’s time to take a look at some of the types of bets you make on cricket. 
Also referred to as ‘market rates’, these are the most popular types of cricket wagers you can make on all matches and tournaments. 

Match Winner

The simplest bet you make, this rate indicates the odds for one team to win a cricket match outright. 

For example, if Team A has odds of 2.00 and Team B has odds of 3.00, it means that a $1 bet on Team A would return $2 if they win. Or a $1 bet on Team B would return $3 if they win.

Top batsman or top bowler

Another simple bet, but one that requires some knowledge of individual players, these markets focus on individual player performances. 

You can wager on which player will score the most runs or take the most wickets in a match.

Total runs/Total wickets

A straightforward bet with plenty of suspense, this market refers to the total number of runs scored or wickets taken in the match, often set as an over/under line.

Session betting

In longer format cricket matches like Test matches, session betting rates are offered for each session of play, allowing you to wager on outcomes within specific time periods.

Toss winner

A fun and simple bet, here you predict which team will win the coin toss at the beginning of the match.

While the most popular rates are usually quite simple, there are many factors that can influence the outcome. 

Therefore, when it comes to how to read market rate in cricket betting, there are some things that you need to consider. Understanding these aspects will set you up for success. 

Player form

The form and availability of key players can influence betting rates. Injuries, suspensions, or players being rested can affect a team's chances of winning and consequently impact the odds.

Pitch conditions

The condition of the pitch can have a significant impact on the outcome of a cricket match, especially in formats like Test cricket. 

Pitches that are conducive to pace bowling, spin bowling, or batting may favour certain teams and influence betting rates.

Weather 

Unsurprisingly, weather plays a huge part in cricket matches. Conditions such as rain, fog, or extreme heat can affect matches, leading to interruptions, reduced overs, or changes in playing conditions. 

Weather forecasts can influence betting rates as bettors assess the likelihood of weather-related outcomes. So always check the forecast!

Past Records

Historical head-to-head records between the two teams competing in the match can provide valuable insights into their past performances and habits. So it’s advisable to do some research on the track records before you bet. 

Home Advantage

Playing at home can provide teams with a significant advantage due to factors like familiarity with the conditions, support from the crowd, and reduced travel fatigue. Home teams may have lower odds compared to away teams, reflecting this advantage.

Even if you know how to calculate cricket betting rates, winning is never guaranteed. 

That said, there are some basic strategies you can employ that will set you off on the right foot when betting on cricket. 

Research and analysis

Probably the most important piece of advice we can give you is to do some research before you bet. This includes studying team and player statistics, recent form, head-to-head records, pitch and weather conditions, and any other relevant factors that could influence the outcome of the match.

Focus on value bets

Look for value bets where the odds offered by bookmakers are higher than the perceived probability of the outcome occurring. This involves identifying instances where the market rate underestimates a team or player's chances of success based on your analysis.

Consider multiple betting markets

Explore different betting markets beyond just the match winner, such as top batsman, top bowler, total runs, and session betting. Diversifying your bets across multiple markets can help spread risk and increase your chances of winning. 

Stay up-to-date with news

Stay informed about the latest news, team updates, injuries, and other developments leading up to the match. Follow reliable sources like SportsBoom for information that could affect betting rates and outcomes.

Bet in-play

Consider betting in-play during the match, especially if you have a good understanding of the game's dynamics and can assess changing conditions quickly. 

In-play betting allows you to capitalise on opportunities as they arise based on real-time developments.

Bet within your limits

Remember, betting on cricket should be fun, but you should never bet more than you can afford to lose. 

Set a budget for your betting activities and stick to it. Avoid chasing losses and employ responsible bankroll management.