How to Understand Bet365 Cricket Odds? (Easy Method)

Bet365 is one of the best cricket betting sites to exist. It is legal, safe, and easy to use. However, some people may find it hard to understand the odds. Since you are here, I am assuming you have been having trouble with it too, haven’t you? Well, this is the time to relax, because this guide will thoroughly explain to you everything you need to know about cricket odds. To learn how to understand Bet365 Cricket odds, the first thing you need to know is how to read the odds and what do they mean. Live casinos and sports betting sites are getting more and more popular as time passes.

Calculating betting odds does not require one to be some mathematic genius. It just contains simple calculations that will not even take a minute. All you will have to do is grab your calculator and do some multiplications. Anyways, you do not have to worry at all as after reading this guide you will be teaching others how to understand the betting odds on Bet365. Finally, enough with the talk, let us jump right into the guide.

How to do Sportsbetting Using Bet365?

Bet365 is an online live betting sportsbook. It is one of the most known gambling companies based in the United Kingdom. Moreover, betting with Bet365 is completely legal unless you live in a state or country that prohibits online betting. You can easily start betting with Bet 365 in very simple and easy steps. The first thing you have to do is register and create an account because obviously, you will not be able to bet without an account.

You can also use Bet365 bonus codes while registering to get some free rewards. There is nothing more exciting than getting free bonuses for a gambling addict. Next, you must verify your account to use it without any interruptions. Without account verification, you may not be able to make withdrawals. Deposit money into your account and choose the event you would like to bet on.

Now, pick the type of bet you would like to make on that sport. For example, you can bet on who will be the winner of the match, or you can also bet on which player is going to score the most runs. However, make sure you do not bet on a team whose odds are nowhere near the winning odds.

Lastly, all you have to do is bet as much as you want and wait for the result. Remember, that under normal situations, you will not be able to remove your bets mid-game. So, make sure to bet wisely. Once the match is over, Bet365 will take some time before updating you. If you win the match, you will receive the money according to the betting odds decided by the Bet365 bookmaker.

Understanding the Cricket Odds of Bet365

If you want to understand bet365 cricket odds, you must first learn how to read them. As a result, reading odds will need extreme caution and efficiency. You might lose a lot of money if you made just one bad decision. In cricket, the odds are mostly determined by the worldwide position of the team. Otherwise, one can also determine the odds of winning by looking at the ranking of an individual player.

The odds that a team will win are inversely proportional to how many people expect the team to win. For example, if the majority of the people believe that the Indian Cricket team is going to win, the odds will be lower. On the other hand, when most people believe that the Indian cricket team is going to lose, the odds will be higher. This may sound absurd to many of you. However, this is the way the betting works.

American Method

There are three ways to consider the odds on Bet365. The first one is the American way, which is quite hard for beginners to understand. The American method of viewing odds includes positive and negative signs. These signs indicate how much you will get for what you bet.

Decimal Method

The second way is the decimal method. For beginners, this is the best way to read the odds as it is very easy to understand. In the decimal format, Bet365 will give a certain decimal number which will tell how much you will get by betting on a certain team.

To give you an example let us consider an ICC test match between the Pakistan cricket team and the Indian cricket team. If the majority of the spectators are favoring India then the betting odds for India will be lower and for Pakistan, it will be higher. For this scenario, assume that the betting odds on Bet365 of India in decimal are 2.0 and 3.0 for the Pakistani team. Now, if you bet 10,000 rupees on India, you will get 2 times the amount you bet, which is 20,000 rupees. On the other hand, if you bet on Pakistan and it wins, you will get 3 times the amount you are betting on it. Hence, betting on Pakistan will give you 3 x 10,000rs = 30,000 rupees.

Fraction Method

This approach is also quite easy and simple. However, it is not as commonly used as the decimal method. Nonetheless, it is still a good way to view the odds. Just like the name suggests, the website will show the odds as fractions or as ratios. For example, if the odds for a team are 3:1 or 3/1, this means that when your team wins you will get 3 times the reward you put in. If you bet 100 rupees, you will get 300 rupees in return.

How to Calculate Live Betting Odds?

Betting odds are computed by betting companies, such as bookies, or set by the market, in which case the odds represent the event on which more people are betting. Since now we know how to understand Bet365 Cricket odds, let us understand how the bookies calculate the odds by using Cricket betting as an example.

Typically, bookmakers estimate the possibility of an event occurring based on a statistical study. This study involves researching the teams’ training routines, lineups, players’ health, the impact that the absence or presence of one specific player would have on the game, and so on. For example, if Virat Kohli somehow is unable to play a match, the odds are going to decrease drastically. Similarly, if a player catches some kind of disease that reduces his performance, the odds of winning for his team will again, then, be lower.

All of these researches help the markets to predict the winning team. Because each bookmaker has their own system of calculating the odds, they will be hesitant to openly provide this information to you. However, most of the time, this is how the calculations are made.

How to Win on Bet365

If you want to win a bet on Bet365, one thing is a must and that is patience. There is no way you can win any type of gamble if you do not have patience. You need to stay focused to read the odds correctly. By analyzing the odds, the winning team can be predicted. When you are new to the industry, it can be difficult to understand the cricket odds. Many times, the market deceives bettors by providing incorrect odds based on the current state of the game.

Place your bets on matchups about which you are completely knowledgeable. If you want to wager on cricket, for example, you must know the team’s schedule, previous match histories, the players’ health status, and on and on. On the bet 365 app, there are a variety of sports on which you can wager. Moreover, you can also choose what bet you want to make on that sport. So, research thoroughly and bet wisely.

If you want to be successful at gambling, concentrate on little, steady earnings.  It is true that amassing a substantial sum of money would take years with this method, but sports betting is a game of percentages. Moreover, something is always better than nothing and a loss. In the end, your luck also plays a vital role in winning a bet on sports, unless some rigging is happening. Just make sure you follow a good betting strategy.

Conclusion

Hopefully, by now you know how to understand the Bet365 cricket odds. The way sports odds operate is that bookies strive to match the prices they provide to the likelihood of a genuine event happening. The same also goes for Bet365. Bettings odds may look confusing at the beginning. However, once you get familiar with it, everything will seem easy. We wish you all the best for the next bet you make. May the lady luck never leave your side!

FAQs

What do Odds of +100 means?

This is the American way of viewing the odds on Bet365. The number after the + or – signs represent the amount of money we would win on the standard that is set. For example, if the standard is set to $100, then the odds of +200 will give you $200 on winning. If the odds are -150, it means on $100 you will make $150. The plus sign represents the odds of an underdog team and the negative sign represents the odds of the favorite team.

Are Negative or Positive Odds Better?

The answer is debatable. However, according to many betting experts, the negative odds are much better than the odds with the positive sign. This is because the – before the odds represents the team that is most favored and is considered to have more chances of winning. It is true that the profit gained from winning a – odds bet is lesser than + positive odds bet. Nonetheless, it is better to gain something than lose everything. Always go with the team that has more chances of winning.

What Do Money Line Bet Mean is Sports Betting?

Money Line is the simplest bet you can make on Bet365. When you place a bet on which team will win, it is called making a money line bet. It does not matter which player scored the most, who is the winner of the match, or etc. If the team you bet on wins, you will receive your reward.