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A comprehensive guide to bet on cricket odds with Betfair cricket
Hello there! Mcw Pakistan welcomes you to our discussion today on cricket betting, cricket odds, and most specifically an amazing company Betfair Cricket. If you are a betting lover and trying to get the most out of your betting experience then you are not too far from your goal. Mcw Pakistan has a solution to your query. Let’s have a look.
Betfair cricket
Bet-fair cricket company is a betting exchange platform, not a sports-book type option one can choose. They offer betting on sports and other casino fields but they are mostly known for their exchange program.
What is a Betting Exchange?
It is like you have to bet against any player and vice versa. The platform does not support betting against the website. You won’t be able to see players but You can bet like you would on a sports book. It is somewhat similar. The website’s best thing is that there is a lot of competition in the play. Tough competition is always healthy, there is someone who wants to outplay you so you become very sharp and keen in your play, and also you will find the very best cricket odds in the Betfair cricket exchange.
What are Cricket Odds?
Cricket bet odds are acting as the backbone of the whole betting game whereby it is known that the odds are those that determine your potential winning of the bet. If you are a newcomer, it is imperative and very easy for you to understand the importance of odds and use them so that you can make the right choices and enhance, and enlighten your chances of winning the matches.
You come across some numbers presented in either two formats like fractional or decimal format while you are placing the bet. The concept of those numbers is team ODDS. For example;
Team 1 – 1.3 and Team 2 – 4.4 and many more like these.
Cricket odds on cricket bets are serving a dual purpose in your cricket betting journey of yours. First of all, they determine your potential winnings. When you place your bet with a sports book, the odds impact how much you will earn out of your money. In the easiest layman’s terms, the higher the odds, the more you will win relative to your wagered amount.
Types of Odds:
We have looked at what are cricket odds. Let’s have a brief encounter in the odds format. The most common odds format is explained below;
Decimal Odds:
This is one of the most common odd formats currently in use by the majority of players because of its ease of use. In decimal odd type, the odds are presented as a single number usually up to two of the decimal places. The single number reflects the total payout a player would be going to receive, including the original stake per unit.
Fractional Odds:
This type of format is used as a traditional format and commonly practiced in the United Kingdom (UK) . It is a tricky option although its basic principle is excellent to go with it and practice it. The odds are given in the form of fractions;
For example;
1. 4/1
2. 6/1 etc.
Understandably, you can win 4 units at a time for every unit of your stake.
One important thing is that your total organic payout also includes your original stake value.
These options get tough when you have fractional odds like;
1. 11/10
2. 6/4 to choose from.
Under this condition, it is clear that you can win 11 units for every 10 units at a time you stake. This format is also termed the UK or British odds.
One thing which is very important to be cleared in this discussion is that when the first number is higher than the second number, it is known as ‘odds against’. On the other way such as;
1. 4/6
2. 1/7
Here you can win 4 units for every 6 units staked by you or 1 unit for every 7 units staked by you respectively.
So, before you place any cricket bets using the fractional format odds, please make sure that you understand the above-mentioned details.
After discussing the two important and mostly in types of odds formats Fraction and Decimal, let us have a comprehensive look at both whereby they are different yet the same.
Find the Best Cricket Odds at Betfair Cricket Exchange
It is entirely the option players do have when it comes to a sports-book offering competitive attractive odds. Since all the companies compete in offering the best possible odds to the users, a cricket betting fan should look to try out as many options as possible for choosing the right one. You also need to get aware of every theme and selection of the cricket bet odds and then select wisely.
If you are considering choosing a better cricket betting site that is offering the best odds shares along with the act of shopping. You can check out various stores and the prices the sites offer. It is up to you if you intend to buy any one particular item. Similarly, you should discover multiple betting and betting exchange platforms so that you can evaluate which one of them provides you with the most suitable odds and present you with returns of all time.
Why are Odds so Important?
Odds’ importance can be found in such a way that you use it and understand the plan behind the odds. If you are still not able to comprehend and understand the odds and why we are stressing over the odds so much you need to have a look at an example to understand the thing. The example allows you to easily pick up the concept of cricket odds and it’s betting with odds at any site like Betfair cricket exchange.
For example;
Let’s assume there are 2 bettors such as A & B. Both have a great rate of placing winning bets, let’s say 75%.
Now focus that player A gets number 1.90 at an average level whereas, bet player B is getting the average level of odds at 2.00 just because the B player keeps on exploring different sportsbooks/ bet exchange sites to find the best possible odds.
Let us consider that, they bet on a thousand games in a year, which means they have a ratio of 750 winning bets games and 250 losing ones. If they bet $1000 on each match their results would be bellowed:
Net Winnings of Match;
- Player A: 750*0.90+ 250*(-1.= 425* $1000= $425000
- Player B: 750*1.00+ 250*(-1.= 500* $1000= $500000
Hope you get able to understand and pick some of the concepts related to betting and odds.
Betfair Exchange Live Stream
Betfair Cricket company also offers Cricket live streams of games and live game plays. You are provided with a large variety of games and betting options. Betfair is not extensively filled up with events in every field, only those events in which there are the highest and most popular odds are very well-known and used.
Betfair Domestic and International Cricket
Betfair cricket exchange offers a wide range of domestic and international league betting options.
Alongside the exchange options, BETFAIR cricket company also has a sports book. The odds in that are smaller but interesting, not only this but the layout of the field is also very attractive and easy for all the users to understand.
Betfair Cricket Exchange Features: Betfair Cricket company along with its betting and exchange options also offers an arcade section, a casino section, a bingo room, a poker room, and exchange games of a wide selection. Betfair cricket platform is one of the most complete and leading betting and exchange platforms in the world today.
Betfair cricket exchange is not the one offering the odds, so the company does not benefit when you lose money. Instead of that, they take a very small cut of each bet. There is no option for a free bet sadly.
We have discussed the Betfair cricket exchange company and the odds provided at their field of play. Mcw Pakistan tried to shed some light on the understanding of the odds.
Conclusion
To cover the discussion of Betfair cricket and bet odds, we consider one of the most valuable cricket odd platforms like Betfair cricket exchange, which is a platform offering bets against each other. The site allows players to bet against each other and placement of odds so that one has a better winning option and can earn a potential amount.
Odds help one to find the chances of winning and earning through a bet. We have discussed different formats of odds being practiced in the world.
