Cricket Betting Explained: Step-By-Step Guide
The world of betting does not run by luck alone. Successful bettors know that betting is all about taking calculated risks. They chalk out various strategies that can push them closer to a win. Matched betting is one of the most popular and common betting strategies. Cricket betting is also called zero-risk betting. This is because you have to make two bets in no risk matched betting – one bet opposing the other. However, since you cannot make two different bets with a bookmaker, you require the help of betting exchanges. Online Betting Id To make matched betting successful, you should have a general idea of how the betting market works.
Matched betting is a strategy using which
bettors bet with a bookmaker using free bets and lay the same bet via a betting
exchange. Before you learn about matched betting, it is important to know about
lay bets and back bets.
Back bets – Back bets are the bets traditionally
offered by bookmakers. When you make a back bet, you are backing an outcome to
happen. For example, in a match between India and Pakistan, you may back India
to win and place a back bet.
Lay bets – Bookmakers do not offer lay bets. Lay bets
are bets made on an outcome not to happen. For example, in a match between
India and Australia, you might place a lay bet on India not winning. You can
also win a lay bet if a match ends in a draw since India is not winning in that
case either.
In any traditional bookmaking website, you bet
against the bookmaker. So, when you place the back bets, the bookmaker lays
your bet. Hence, if your bet loses, the bookmaker makes money. To lure more
customers, bookmakers also give exciting bonuses, which include free bets for sports
betting.
In betting exchanges, the punters bet against
each other. Hence, in a betting exchange, you can take the role of a bookmaker
and lay bets.
For successful Cricket betting, a bettor can
make a bet with a bookmaker using the free bets offer. The same person can go
to a betting exchange and lay the same bet. Since you make two bets for both
the probable outcomes, you are bound to win one of the bets. Hence, this
matched betting explained should help you understand why zero risks are
associated with online match betting.
How does online no-risk Cricket betting work?
With the advent of online betting, match
betting has been rising. This is because punters can now browse more bookmakers
and look into the offers before signing up. Cricket Betting Tips When
you want to work with the online match betting strategy, you need three things:
Free bets
A bookmaker who offers free bets
A betting exchange.
Generally, when it comes to online Cricket
betting, you have to acquire free bets from an operator. Most operators have
certain conditions attached to their free bets. Many operators would require
you to make a qualifying bet before you get free bets. Once you have made the
qualifying bets, you receive the free bets in your account. You can now make
use of the free bets to back up a certain selection at fixed odds provided by
the bookmaker. Now, you can choose a betting exchange and lay the same bet in
that betting exchange with your money. Hence, you got all your bases covered.
If you lose the lay bet in the betting
exchange, you win money from the free bets at the bookmaker. On the other hand,
if you lose the free bet placed with the operator, you win back your stake and
make profits on the lay bets. Since you did not put your own money at stake
with the bookmaker, you win either way using the Cricket betting strategy. If you win a lay bet, you might have to give
a commission to the betting exchange against the win. While placing the lay
bet, you should have an extra amount in your account set aside as the lay bet
liability. This amount is kept frozen by the betting exchange until the outcome
is declared. After the outcome, you get this amount back into your account.
Why High betting odds are better for Free Bets?
When you are placing a free bet, you are not
putting your own money at stake. Hence, the bookmaker will not return any stake
value even if you win the bet. That’s why when you are going to use your free bets,
you should go for high betting odds. This is important if you are going for the
matched betting strategy. If a bookmaker offers decimal odds, then you have to
remove your stake from it, that is, deduct 1 from it. This will give you the
true odds of the match (since decimal odds format includes your stake too). So,
after this deduction, the odds presented on the back bets and the odds
presented on the lay bet should ensure a low difference.
For example, if the odds are 10 on the back bet
and 10 on the lay bet, the final odds outcome is 9(back)/10(lay). Hence, the
difference between the two bets is 10%. Now, if the odds were at 2 on back and
2 on lay, then it will stand at 1(back)/2(lay). This offers a much higher 50%
difference. Hence, if you want to get higher monetary value from your free
bets, you should go for higher odds. So, when you are making use of the free
bets, you should go for close matches which carry a minimum odds of 5. These
high odds can help you get a monetary value of around 80%.
Key points for Cricket Betting Guide
There are a few key points that a punter should
take away from this match betting guide:
How bookmakers work
Before you go into matched betting, you should
understand how bookmakers work. Bookmakers allow you to back your bets so that
they can lay their bets against you. Hence, if you lose, their lay bets win
against you. Once you understand this, you can act as a bookmaker in a betting
exchange and place successful lay bets against other punters.
Choosing the right bookmaker
Since you are going to use free bets for
matched betting, you should choose the right bookmaker for it. The bookmaker
should have free bets as a welcome bonus, and there should not be many
restrictions for the use of free bets. A few free bets are offered at low odds.
These free bets restrict the bettor. So, read the terms and conditions of the
free bets carefully before applying. Apply for risk-free bet offers.
Going for higher odds
When you are placing a back bet with a bookmaker,
go for the higher odds. If you go for the higher odds, you get a better chance
of getting the monetary value of the free bets used.
Understand lay bet liability
when you place a lay bet, there is a lay bet
liability created in your account. Plus, if you win a lay bet, a lay bet
commission is deducted from your winnings. Take these into account and manage
your bankroll for an effective matched betting strategy.
Conclusion
No-risk matched betting is not a very hard
strategy to implement. However, you need to measure your steps if you go
for Cricket betting.
As a novice, a few necessary cricket tips and guidance can help
you understand this strategy better. Online
Cricket Id While matched betting is risk-free,
you should manage your bankroll and understand how the betting market works to
be successful in it. Plus, you should be aware that bookmakers discourage
matched betting, and if they suspect
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