Understanding Cricket Betting Odds

Cricket betting odds appear to be a complex thing but if you break it down it can be quite simple. And as you continue betting in cricket, it can help you to have a more smooth sports betting Singapore experience. 

The betting odds are a measure of the likelihood of a specific outcome and how much you stand to win when placing a successful bet on a cricket match. Those odds, which bookmakers adjust to reflect the probability of various outcomes, take into account team performance, player form, pitch conditions and more.

In terms of cricket betting odds, there are three common formats that you need to learn, including the following:

Decimal Odds

Decimal odds are widely used in Singapore and are relatively straightforward. These reflect the total payout, or return, not just the profit.

To make it even easier to understand, here’s the basic concept of the odds:

Payout = Stake × Decimal Odds 

Example:

If you placed a SGD 100 bet on a team, with odds 2.50, your total payout on a win would be:

SGD 100 x 2.50 = SGD 250 — This consists of your original SGD 100 stake, as well as SGD 150 in profit.

Fractional Odds

Also used mainly in the UK, fractional odds can still be found on a few betting sites. They appear as fractions (like 5/2 or 3/1 or 10/3) and represent how much profit you will earn compared with your stake.

Example:

If a team’s odds are 5/2, it means that for every SGD 2 you place on this bet, you will win SGD 5 in profit. 

Assuming you bet SGD 100, your payout will be:

(100 × 5) ÷ 2 = SGD 250 (SGD 150 profit + SGD 100 initial stake)

American Odds

American odds, also referred to as moneyline odds, are expressed as a positive or negative number. Positive odds (+) display how much you will win for a SGD 100 wager. While negative odds (-) indicate the amount you have to wager to win SGD 100.

Examples:

A team with +250 odds would return a SGD 100 bet:

SGD 100 × (250/100) = SGD 250 profit (Total payout: SGD 350).

Another one is if the odds are -150 for a particular team, it means you will need to bet SGD 150 to win SGD 100 in profit.

SGD 150 wager = SGD 100 profit (Total claim: SGD 250).

How to Bet on Cricket: Common Betting Markets

Safe to say, cricket is one of the exciting online sports betting Singapore offering exciting and profitable betting options. If you don’t have much of an idea what are they, here’s a guide to some of the most popular cricket betting markets, and how they work.

Moneyline

Moneyline betting is the most straightforward cricket betting. You’re wagering on the team that wins the match, no matter how much or little they win by. Payable by the odds provided by the bookmaker based on your favorite team to win. This approach is perfect for beginners, as little analysis is needed here.

Outright betting

Outright betting gives you the option to predict the winner of a tournament or series overall as opposed to just one match. So, betting on which team will win Indian Premier League (IPL) or Cricket World Cup can be an example. Because this type of bet is made prior to the start of the competition, the odds can be more rewarding, yet also more risky.

Handicap betting

You can get handicap betting in the case of unequal teams, where one team is far superior than the other. The bookmaker makes the stronger team (e.g. -20 runs) at a disadvantage, or the weaker team gets the benefit (e.g. +20 runs). To win the wager, the favorite must cover the spread, and the underdog must cover the spread. This market adds a betting slant on uneven matches.

Top Batsman/Top Bowler Markets

This is a market in which you wager on which player will score the most runs (top batsman) or take the most wickets (top bowler) during a match or a tournament. For instance, placing a bet on Virat Kohli becoming the highest run-scorer in a T20. This tip can be difficult to predict as you will need good knowledge of player form and pitch conditions, but it can therefore, often offer higher payouts.

Innings Run Markets

This is a market in which you guess how many runs a team will score in a particular innings. Bookmakers determine an over/under line and you wager on if team will score more or fewer runs. Unit totals are an excellent alternative for bettors who prefer looking at team performance than picking a match winner.

In-play betting

Live or in-play betting gives you the ability to place bets during an active cricket match. While this is happening, the odds keep adjusting to the action taking place in real-time, whenever a wicket falls in quick time, or a batsman scoring runs quickly. This market is suited to bettors who are capable of processing the game as it progresses and identifying opportunities to place wise bets.

Proposition bet

A proposition bet (prop bet) is based on specific events occurring during a match vs the overall outcome. These could be betting on whether a batsman will score a century, how many sixes will be hit in an innings, or whether a run-out will happen in a game. These wagers are particularly interesting for people who really enjoy the finer details in cricket.

Popular Cricket Tournaments to Bet On

Considering the popularity of cricket across the globe, it doesn’t even surprise us that it offers numerous tournaments, both locally and internationally. And to make it easier for you to choose which one you can wager on, we’ve shortlisted them from the top five most popular ones, including the following:

T20 World Cup

The T20 World Cup is one of the most thrilling cricket tournaments in Singapore sports betting. With the world’s finest teams going head to head in the explosive Twenty20 style. T20 matches are shorter and thus, more exciting for betting as the unpredictability factor multiplies. Some of the most popular betting markets are match winners, top run-scorers and the number of sixes in a match. With unexpected upsets and last-over finishes, this tournament is made for high-risk, high-reward bets, and bettors’ flight of fancy.

ICC Men’s Cricket World Cup

The ICC Men’s Cricket World Cup is the largest tournament in the One Day International (ODI) format, held once every four years. This tournament sees the best of the best cricketing nations battle for glory. Bettors can bet on outright winners, individual player performances and total runs in a match. Since ODIs are longer than T20s but shorter than Test matches, this format is a good mix of strategy and excitement for betting purposes.

ICC Champions Trophy

The ICC Champions Trophy is a mini world cup for the top teams in terms of their ODI performance. Contrary to the World Cup, which has a more extended format, the Champions Cup has fewer teams and an intensely packed schedule, making each match vital. This event is always popular with punters who like to bet on close matches and team-to-team records. There is particular interest in markets like total wickets, player milestones and in-play betting during this occasion.

Indian Premier League

The IPL is the world's most lucrative domestic T20 league, attracting international stars and producing high-scoring matches. From betting on who will win the match to who would be the highest run-scorer or perform best with the ball, IPL betting has exciting markets, thanks to its explosive facet. Plus, since the tournament takes place over the course of two months, bettors get ample opportunity to research teams, look at form, and place researched bets.

Asia Cup

Asia Cup is one such exciting tournament that includes all top teams of the Asian continent that comes together including India, Pakistan, Sri Lanka, and Bangladesh. The tournament can be held in the formats of ODI and T20 on which the bettors have a wide range of betting options. It is always a major hit for betting and reading the teams and differentials from there is great value for money in the markets (team totals, method of dismissal, match handicaps et al).

Tips & Strategies for Cricket Betting

Your cricket betting experience can become even more exciting once you take your betting strategy to the next level to turn your bet into a profitable one. If you don’t know how, we have prepared the most proven strategies that you can opt for, including the following:

Research Team and Player Form

In every bet, always make sure to check the recent performance of the team. Because believe it or not, it can give you helpful insights for a better betting decision. If a team is on a streak, they are likely to continue it, while out-of-form teams may find it hard. Examine the recent form of key players, like batsmen’s averages and bowlers' wicket-taking prowess. Form knowledge can also help in predicting match projections more accurately in the best online casino Singapore. 

Always stay updated with the current statistics

Cricket is all about the numbers, and stats are essential for the latest information when betting. Look at player averages, strike rates, economy rates, and team head-to-head records. For instance, some players are better suited to certain conditions or struggle against particular opponents. Another thing you should do is keep track of statistics, so you can find some trends and place data-based betting picks.

Maximize the market trends

Almost in all Singapore betting sites, your options are not only limited on who will win the match. It also extends to a wide selection of market trends. So make sure that you can make the most of them. Betting trends can also help you to see which markets might be worth your investment of money. 

If a side is known for going hard in powerplays, you could have success betting their runs in the first 10 overs. For example, if you know the favorites are going to win, you could try betting across different markets to reduce risk.

Consider the weather conditions

The weather is a big part in cricket and can change the outcome of a game. That May rain can curtail the number of overs to be played in a game changing the course of events of a game, much, while overcast conditions help the fast bowlers get extra swing. 

Before placing your bets, always check the weather forecast, as a sudden change of conditions can give one side an advantage over another. Your bets can be adjusted according to weather forecasts.

Use the best casino promotions

When you choose a trusted online casino Singapore, it comes along with the best and exciting promotions. The good news is, you can also make the most of these. It will allow you to make more bets without risking too much of your cash. If a betting site offers multiple promotions, be sure to compare them with the promotions from another betting site. Knowing how to use bonuses can increase your profits and prolong your betting bankroll.

Frequently Asked Questions

Which is the best betting site for cricket?

If you’re looking for the best cricket betting sites, you can explore SGCasinoInsider to navigate the world of online gaming in Singapore much more easily. They have the listing for top 10 online casino in Singapore that will surely give you excellent gameplay. Some of the best ones include Solarbet and GoPlay711.

Is sports betting legal in Singapore?

Sports betting has a strict regulation but it’s not illegal at all. To bet legally, one way that you can do is to wager on Singapore Pool. But if you want a wider range of options, an offshore sportsbook is the way to go. You don’t have to worry because there is no legal risk in playing, since they are not within the Singaporean jurisdiction. You just have to make sure that you choose a reliable one. 

Can I bet on cricket betting Singapore on a mobile app?

With just a few taps on your mobile device, you can now join the fun of cricket betting even when you're on the go. All you have to do is to choose a sportsbook betting Singapore that has a mobile feature and much better an app.