3 Popular Online Cricket Betting Odds explained by Experts

Famous online Cricket betting odds explained: Learn to calculate potential payout returns and make accurate betting decisions with examples from W88 Sportsbook.

Play Cricket Online  W88 Sportsbook  W88 Bonus RM1,088

New to cricket betting online but do not understand how betting odds work? Well, you have come to the right place as here at W88.page we will be explaining one of the most popular Online cricket betting odds – The Decimal Odds – with the help of W88 Sportsbook examples. The decimal odds is a popular type of bet that helps beginners not only learn how to bet accurately but also give them an idea of the payout returns.

What are Cricket Betting Odds?

Before we help you understand the decimal live cricket betting odds, let us first talk about what exactly are betting odds cricket in the sportsbooks. Betting odds basically help bettors know which possibility is more likely to occur in sportsbooks online and how to understand the potential returns if the bet wins. These betting odds are determined by expert bookmakers on the betting sites like W88.

online cricket betting odds explained for beginners

To create such betting odds in the sportsbooks, bookmakers analyse data and statistical charts that are based on the previous matches of the teams and run it through systems that provide the betting odds on each betting options. There are 3 famous types of online cricket betting odds in Malaysia:

  1. Decimal Odds: The first type of odds that is one of the most popular cricket betting odds is the Decimal odds. Decimal odds give you an estimated probability in the form of decimal. The betting stake multiplied with the betting odds provide the potential payout easily making this the most preferable live cricket betting odds in sportsbooks.
  2. Malaysian Odds: Second is the Malaysian odds that provide betting odds in the form of a positive and negative markings that affects the betting stake per unit. So, if the betting stake is +1 then you will win +1 for every RM1 unit in your betting stake, and if the betting odds are -1, then you have to bet RM1 to win RM1.
  3. Fractional Odds: Lastly, Fractional odds are another simple way to determine betting odds but are now rarely used. To use fractional odds as betting odds cricket, all you must do is analyse the fraction given. For example, a betting odds of 4/2 fraction would mean that if you bet RM2 you could win RM4.

online cricket betting odds what are betting odds

Note: The three betting odds are famous and well-known as betting odds cricket among professional, however, the decimal betting odds is one of the most famous online cricket betting odds thanks to its easy comprehensibility, and preference by many universally. Highlighted below are some of the reasons why Decimal Betting odds in cricket is the most famous.

  • Clarity in providing returns: High and low betting odds help in understanding which team is more likely to win, and decimal odds provide clarity in higher and lower odds, helping bettors make quick decisions.
  • Easy and quick calculation: Understanding the potential return rate is extremely easy with Decimal odds as compared to any other odds since all you must do is calculate the returns by multiplying the betting stake with the betting odds.

Further in the live cricket betting odds article, you will understand how to read decimal odds in more depth with examples from the W88 sportsbooks.

Understanding Decimal Online Cricket Betting Odds

Let us further elaborate how the decimal cricket betting odds work in sportsbooks online. This betting odds is the most famous in online sportsbooks by some of the best bookmakers. This is because even as beginners, calculating the probability of the bet, understanding which betting option would most likely win, and also calculating the payout returns is extremely simple using the Decimal betting odds cricket.

online cricket betting odd reviewed in detail for beginners

To play with Decimal live cricket betting odds, you must first understand how the payout is calculated. The formula Betting Odds x Betting Stake = Potential Payout returns, and this comes in handy as one of the best Betting Tips from experts. Furthermore, Higher odds and Lower odds also play an important role in Decimal online cricket betting odds in sportsbooks.

Decimal Online Cricket Betting Odds distribution | W88 Sportsbook examples:

Wagered on Team 1Wagered on Team 2
online cricket betting odd examples of decimal odds 1online cricket betting odds decimal odds example
Betting odds: 1.93
Betting Stake: RM100
Payout Returns (Bet odds x Bet Stake): RM193.00
Betting odds: 1.87
Betting Stake: RM100
Payout Returns (Bet odds x Bet Stake): RM187.00

Higher odds mean that there are more risks to the bet, and Lower odds means that there are fewer risks to the bet. Therefore, higher odds indicate that the bet is less likely to win and lower odds indicate that the bet is more likely to win. Furthermore, higher odds pay more and lower odds pay less, since the betting stake depends on the amount of risk taken and the higher the stakes the more payout returns, and vice versa.

3 Strategies to use cricket betting odds to your advantage

In the last section of this betting odds cricket article, let us look into the 3 helpful strategies by W88.page that can help you wager with cricket betting odds more effectively. These enhance your gameplay as a beginner to turn you into a professional bettor in no time. Furthermore, using these cricket betting odds strategies can help you develop your own betting tricks that suit your betting gameplay and tastes.

online cricket betting odds learn with w88.page guide

  1. Wager more on Lower betting odds: Firstly, it is always best to go for betting odds that are lower than higher odds. As explained above, higher odds have more risks to defy, and lower odds comes with fewer risks indicating that lower odds are the most likely outcome. So even if you win in smaller amounts, it is best to wager more on lower betting odds than higher odds.
  2. Analyse statistical data charts before betting: Statistical data charts are used by bookmakers to predict the betting odds, and you must do the same. Statistical data charts in the sportsbooks come with previous match results that can help you understand and back up the betting decisions you make in the sportsbook.
  3. Observe some of the match for more accurate decisions: Finally, it is always best to observe some of the cricket match for live cricket betting odds since they change based on the real match gameplay. This way you can compare the early odds and statistical information to the live match gameplay, and lock your bets on the best betting odds in the sportsbook.

Conclusion

This was all about Online Cricket Betting Odds in sportsbooks that you must understand to play cricket betting online. Cricket betting odds in sportsbooks like W88 are often given as decimal points to make it easier to understand. Betting odds in cricket can be used to calculate not only the potential payouts but also the most likely outcomes for the match. For more such betting information, guides, and betting strategies, keep visiting W88.page.

Rate this post
Share