Cricket Betting Insights: A Comprehensive Handbook for Cricket Lovers
In India, cricket is a religion and is the most popular game among all age groups and in the world of online gaming, it has reached the top of every game due to many factors including the entertainment this game provides, features of the game, various ways to win real cash and other exciting timely bonuses and offers for the users.
In online betting, cricket is a leader and online bookies have been gaining so much attraction due to their broad range of betting choices. For example, a player can bet before the match and during the match, he can bet in the first innings of the match and in the second innings too. There are amazing features given by online gaming platforms like 12bet that can help players make a huge sum of money while providing an immersive gaming experience and exciting cash rewards.
Brief History of Cricket
Cricket has a rich history that dates back centuries. The journey of this game can be understood in several parts. Let’s dive into this and learn about the evolution of this amazing game of sport.
Early origins and development
In the 16th century, cricket began in England. Initially played by shepherds and farmworkers, cricket quickly gained popularity among the English upper class. As the sport evolved, formal rules were established in the 18th century, giving birth to competitive matches and formalized teams.
Global expansion and International matches
During the 19th century, cricket spread across the British Empire quickly and reached almost all corners of it. The formation of the Marylebone Cricket Club (MCC) in 1787 and the first international cricket match between the United States and Canada in 1844 marked significant milestones in cricket’s journey.
The Birth of Test Cricket
The two current rivals, England and Australia played the very test match in the test match history. This marked the beginning of a new era in cricket, with Test matches becoming the most popular version of the sport. The Ashes series between England and Australia further heightened the competitive spirit and global appeal of cricket.
The limited overs format like the ODI format
In the 1960s, limited-overs cricket came into play and this time-efficient format is known as the One Day Internationals (ODIs). The inaugural Cricket World Cup was held in 1975 which garnered huge attention from cricket fans worldwide and increased new levels of excitement in them.
The T20 Revolution and the Betting Involvement
The 21st century brought about the T20 format, characterized by its fast-paced action and high-scoring matches. This format revolutionized cricket, attracting new audiences and globalizing the sport even further. With the rise of online gaming and sports betting platforms, cricket found a new dimension in the form of cricket betting.
Cricket betting gained significant numbers of cricket enthusiasts who started betting on the available online gaming platforms. They bet on predicting outcomes, player performances, and match results, adding an extra layer of excitement to every delivery, boundary, and wicket.
In the Modern era, cricket has evolved even further as the new tournaments like domestic leagues including the Indian Premier League, Big Bash League, T20 Blast etc. have changed the scenario. These innovations in the game have led to more innovative features in online gaming platforms.
Understanding Cricket Betting Odds
Cricket betting odds provide valuable information about the potential outcomes of a match, player performances, and various aspects of the game. Understanding cricket betting odds is crucial for making informed wagers and maximizing your betting experience. Some of the well-known odds are as follows:
The most common format is generally used in Europe and Australia. They represent the total payout, including the original stake, in case of a winning bet. For instance, if the odds are 2.50, a successful $10 bet would result in a total payout of $25 ($10 stake + $15 profit).
Fractional odds are popular in the UK and are represented as fractions. The top number indicates the potential profit, while the bottom number represents the stake. For example, if the odds are 5/1, a $10 bet would yield a profit of $50, plus the original $10 stake.
Moneyline odds, also known as American odds, are often used in cricket betting, especially in North America. Positive moneyline odds indicate the potential profit on a $100 wager, while negative moneyline odds indicate the amount needed to bet in order to win $100. For instance, a positive odds of +300 means a $100 bet would result in a $300 profit, while negative odds of -200 means a $200 bet is needed to win $100.
The Most Well-known Cricket Betting Market
This section will provide in-depth information on all of the available wagering alternatives, which they will find that particular online sportsbook, like 12bet, provide a diverse selection of betting possibilities for their customers. Below is the list of the most popular cricket betting markets for beginners:
Betting on the team you believe will win the match, whether it’s a Test match, One Day International (ODI), or T20 game. However, if it is a tie then the bookie will refund your bet.
Betting on the outcome of the coin toss at the beginning of the match. The home captain flips a coin 30 minutes before a cricket match, and the visiting captain chooses heads or tails. The captain who wins the toss decides his team will bat or bowl first.
Top Batsman/Top Runs Scorer
Betting on the player you think will score the most runs for their team in a match or a series. It is important to note the playing style of the players as there can be more than one batsman who is playing well and picking the best batsman is a tough task.
Betting on the bowler you predict will take the most wickets for their team in a match or series. The factors like weather and country affect the bowler’s performance.
Bowlers take wickets and this makes the betting interesting on how the players are going to get out. The dismissals are caught, bowled, stumped, run out, and LBW. Punters must study the batting and bowler’s trends before wagering on the first wicket.
Betting on the team that will hit the most sixes in a match. When the batter smashes the ball, and it flies over the boundary ropes, the team and the batter score six runs.
Top Cricket Betting Tournaments Worldwide
Cricket enthusiasts have a wide range of tournaments to choose from when it comes to placing bets. With various formats and playing styles available, there’s something to cater to the preferences of every bettor. For newcomers to cricket, the info about the popular tournaments may be tough to understand and therefore we at 12bet are making it easy for you. Some popular cricket tournaments are as follows:
ICC Cricket World Cup
The ICC Men’s Cricket World Cup holds the top position as cricket’s most prestigious championship. This One-Day International (ODI) tournament occurs every four years, with its first edition held in 1975.
ICC Champions Trophy
In 1998, the tournament that is currently recognized as the ICC Champions Trophy was originally named the ICC Knockout Tournament. Over the years, this competition has witnessed noteworthy changes. Held in the One-Day International format, the tournament takes place every four years. In 2017, the ICC opted to discontinue the event to streamline the major awards for each of the three cricket formats. However, this decision was reversed in 2021, and the tournament is set to make a comeback in 2025.
T20 World Cup
From its establishment in 2007, the Twenty20 World Cup has swiftly ascended to a position of significant prominence in the cricketing world. The Twenty20 format has gained remarkable traction in recent times, and this tournament showcases elite cricketers on a global stage. Unlike the ICC Cricket World Cup, in general, the Twenty20 World Cup takes place every two years.
Indian Premier League
The Indian Premier League, commonly referred to as the IPL holds a global reputation as the most renowned cricket championship. Established in 2008, this league has swiftly evolved into the premier Twenty20 tournament worldwide. Standing as a major sporting extravaganza, the IPL is held annually and captures the attention of approximately 400 million viewers globally. Ten teams compete for the title, with the Mumbai Indians emerging as the most triumphant franchise in the league’s history with five IPL trophies to its name.
Legal Considerations Regarding Betting on Cricket in India
Engaging in cricket betting within India is a bit difficult due to the gambling regulations of the nation. The regulations surrounding cricket betting vary from one state to another, with specific criteria allowing betting on the sport in certain jurisdictions. Yet, the proliferation of online betting platforms beyond India’s borders has contributed to the surge in popularity among Indian bettors who utilize these platforms due to their convenience and accessibility.
Cricket betting could be equally entertaining and profitable. The introduction of new tournaments like the IPL, The Hundred, T20 Blast etc., in T20 cricket has fast-paced everything and the game has become more interesting. Therefore, bettors have more chances to bet as there are more innovative features coming in online gaming platforms. Since the formats and tournaments have been rapidly increasing, players have always an option to bet on something interesting. 12bet also offers great opportunities to play this fantastic game with amazing features, exciting cash rewards, free bets and other benefits. Join now to start your fabulous cricketing journey with us.