Fans of cricket? New to betting? Then this guide is the right one for you. What we will be taking a closer look at is the odds for cricket. We will provide useful tips for understanding them. At the same time, we will exemplify mathematical calculation models to help you predict the probability of making a correct bet on cricket!
- 10cric cricket odds explained
- Cricket odds vs. other odds
- Calculating probability
- Calculating potential winnings
- Decimal vs fractional 10cric cricket odds
What Are Cricket Odds in 10Cric and How Do They Work?
Cricket is a beautiful sport, and it’s one of the most popular in 10Cric. There are various formats of cricket, such as one-day internationals (ODI), T20 and Test cricket; each comes with a vast set of betting markets. These betting markets are very different from other sports such as football or rugby.
Every betting market will have different odds. So when it comes to 10cric – the home of cricket betting, how do we know how they are calculated? How do they work? Odds compilers are responsible for setting the odds at their respective bookmakers. Sportsbooks employ compilers to research and predict the outcome of events thoroughly.
In cricket, the odds compiler will research the teams, and their form, pitch’s history, and conditions predicted weather forecast and the team’s history in recent matches. After compilers analyse the data, they can make reasonable predictions and present their findings. Common markets in cricket include overall winner, man of the match, top batsman and bowler, and the number of boundaries. There are dozens of other markets, but these are the most popular amongst punters.
Each of the markets will have odds set by the compilers. In cricket, the easiest to work with and understand is the decimal format. This presents the probability of an event or outcome occurring. To truly understand what the odds represent, we can do a calculation to find the implied probability percentage. To find the implied probability, you need to divide 1 by the presented odds.
If England is at odds to win an ODI at 1.59, then the implied probability is 1/1.59. This equates to 0.6289 or 62.89% to win the ODI.
What Is the Difference Between Cricket Odds and All Other Odds?
Cricket is very different from other sports types. The results and matches aren’t as clear cut and short like other sports. Test matches last five days, and the bets and outcomes are more complicated than a straightforward win or lose. Cricket can frequently result in a draw. Cricket is a beautiful game, and there are countless uncertainties when betting, especially when betting on a test series.
The odds that you see pre-match are based on past games, the pitch, and various other factors. Once a match starts, they can change as a result of unpredictable events. One of the most significant impacts that will affect the game is the coin toss. Nobody can predict who will bat first. The team that chooses to bat first will set the bar for the rest of the game. This can affect the outcome.
In most sports, the weather isn’t a crucial factor, but it plays a massive role with cricket. More often than you’d expect, games are postponed or cancelled as a result of rain. The air pressure and density in various parts of the world affect the way a cricket ball moves. Cricket pitches vary across the globe. No two cricket pitches are the same anywhere. Most sports don’t need to consider the pitch or field they use.
Most sports don’t have the same level of complexity as cricket, thereby making it one of the most interesting and exciting sports to bet on. At the same time, the diversity of sports on different sites make it hard to see which bookmaker has the best odds but if you focus on a specific game like cricket, for instance, the answer is easier. Finally, all of these factors are considered before any odds are released. It makes cricket all the more different from other sports.
Using 10Cric Cricket Betting Odds to Calculate Probability
10Cric has a massive clientele of cricket punters. If you’re interested in wagering on cricket, then you need to understand the game. Once you have the fundamentals and know what’s going on, you can start gambling.
An essential aspect for any sports betting is understanding the odds that bookies present. You must also know that it is close to impossible to place a risk-free bet on a bookie unless you have done your homework. Doing research and learning the basics is vital. 10Cric has the cricket markets automatically displayed in decimal format. Decimal format is the easiest to use in calculations and converting to probability. That’s our opinion at least; your preferred method could vary.
We’ve briefly discussed the implied probability earlier, but let’s break it down here. Regardless of whether you’re placing a wager on the overall series winner, first dismissal, the odds provided tell you the likelihood of the event occurring.
Let’s use the same example as above. England is facing India in an ODI, and the odds compiler presents the odds for England to win are 1.59. What does this mean? What is the probability for England to win? The formula is simple:
Implied Probability = 1/odds*
Probability for England to win = 1/1.59
= 0.6289 = 62.89%
*not that the odds should appear in decimal format.
Translate that to English: There’s a 62.89% probability that England will win the ODI.
Using Betting Odds to Calculate Winnings
10Cric is a phenomenal bookie. When you’re making your selection, you’ll see the expected returns next to the stake. You can submit the stake from the returns value to find your projected winning of the wager.
However, you can do quick calculations to find the expected returns and winnings.
Let’s build on to England winning at odds 1.59. We’ll stake €/$/£20.
Returns = Stake * Odds
Returns = €/$/£20 * 1.59
Winnings = Returns – Stake
= €/$/£31.80 – €/$/£20
You can calculate winnings by combining the two calculations:
Winnings = (Stake * Odds) – Stake
Winnings = (€/$/£20 * 1.59) – €/$/£20
Remember that the higher the value, the lower the probability is for the team to win. Higher odds also bring in a much more lucrative profit.
Decimal Versus Fractional
Decimal and fractional odds are easy to convert between each other. There are countless online websites and apps that you can use if you’re not interested in mathematics. The conversion from decimal is relatively simple:
- Fractional odds = decimal odds – 1, then simplify
- Fractional odds = 1.59 – 1 = 0.59 = 59/100 or 0.59/1
Let’s use an easier example; If the odds for England to win are 1.20, the calculation is:
- Fractional odds = 1.20 – 1 = 0.20 = 20/100 = 1/5.