The evolution of online bookmakers and sportsbooks has helped boost the income of the sports gambling industry globally. Cricket, being one of the most popular sports across the world, provides a great opportunity to bookies as well as punters to earn money betting on the sport. But among thousands of bettors trying their luck every day, only a few are able to make profits.
If you are looking for a guide to help you increase your cricket betting profits, you have found the right place. Keep scrolling to know more about the tips, cricket updates, and the latest men and women ODI news.
- ONLY BET 2 PERCENT OF YOUR BANKROLL
This might come as a shock to many but you can earn good profits by betting only 2 percent of your bankroll. Firstly, this will help you be in charge of your budget and make sure you don’t turn homeless in a day. It is very common for punters to risk money after winning three to four back-to-back bets, thinking they are on a “hot streak”. This irrational belief that the outcome of an independent event is more likely to occur in the future if it has occurred frequently in the past is known as the hot hand fallacy. Thousands of punters fall for this fallacy every day and bet more money than necessary based on their supposed “hot streak”. The only way to escape this is to be mindful of your spending and have a maximum betting limit. By betting a small chunk of your bankroll on each wager, you minimize the risk of a drastic loss.
Do not get influenced by other people and their betting strategies. The cricket betting market is huge, but not everyone is there to earn serious profits. Some people bet just for fun, and they do so because they can afford to lose a few thousand. So, unless you have a huge bankroll or cash overflowing your pockets, stick to a budget.
Another thing to keep in mind is, that this figure only applies to people with at least Rs 2500 of the total budget. Let’s be honest, it would be impossible to earn significant profits with anything under Rs 50 as a start. Sure, there are geniuses out there who have made solid cash with the minimum possible budget, but there is a reason why there are only a few of them. In addition to knowledge, skills, and experience, betting on cricket is also a game of luck. Look for sportsbooks that provide a range of betting budgets for punters. There are a lot of credible platforms on the internet that allow you to bet with a small budget.
- PLACE DOUBLE-CHANCE BETS ON TEST MATCHES
Double chance betting can be a great strategy for people who want to diversify their bets and earn profits by wagering on more than one outcome of a match. A double chance bet allows punters to bet on two of three probable outcomes of a single match. For example, if there is a T20 match between Australia and New Zealand, you can bet on the following three outcomes of the match:
- Australia OR Draw
- New Zealand OR Draw
- Australia OR New Zealand
But a lot of people confuse different betting strategies to work for every format of the game. So, if you place a double chance bet on an Indian Premier League match you may not get the same success as in Test matches. Unlike the shorter cricket formats, multiple factors are responsible for ending a Test match in a draw. For instance, a Test match can end in a draw if one or both teams are unable to complete their innings by the scheduled time. The teams can also miss their innings due to bad weather conditions, such as rain, thunderstorm, hailstorm, etc. Additionally, it is also common for teams in Test cricket to focus on not losing their wickets, especially during the last two days of the match to avoid their defeat.
A double chance bet can increase your chances of winning the bet only when there are chances of a draw or tie. Players have notoriously cracked several tactics to score the maximum possible runs in the shorter cricket formats, such as T20 and ODI. This is the reason why players take more time in scoring a Test century than a T20 century. For instance, West Indies’ Gayle holds the record for smashing the fastest T20 century in just 20 balls, while it took over 50 balls for Brenden McCullum to score the fastest century in Test cricket.
- HANDICAPPERS ARE NOT ALWAYS WORTH THE MONEY
Not everyone who wagers has the luxury to give hours of time and effort into researching the sports, the players, and their forms. Additionally, several external factors, such as rain, weather overcast, home-field advantage, and humidity, have a significant impact on the final outcome of a cricket match. In such scenarios, punters resort to handicappers. A person with years of experience in the betting industry and who is aware of the ins and outs of the market is considered to be a handicapper.
While the majority of handicappers provide serious strategies for people to earn maximum profits, there are some who exploit regular punters in the name of guidance. This is because there are no set standards to check the betting abilities of these handicappers. There is absolutely no way for you to verify the authenticity of these professionals.
Therefore, it is better to do your own research on the game before placing any bets. The internet is full of free resources. The evolution of online bookmaking platforms has made wagering even more easier and interesting. You can register on different platforms to get the best possible advice for free. Moreover, punters discuss each and every match across the internet, including their picks and preferred plays without asking for a single penny.
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