With betting odds, bookmakers quote prices for things to happen during a sporting event. Betting odds reflect the probability of outcomes of sporting events in India. The most popular betting sports are football and cricket and India-facing bookmakers issue betting odds for many events in these sports. So, this article provides a guide to betting odds explained, specifically for odds betting markets and the main events in the sport. Here is a list of the leading sites for betting odds in India:
Betting Odds Guide
Let’s start this guide by answering the most common questions about betting odds. Below, you’ll also find a more advanced FAQ.
What are odds in betting?
Odds in betting are a numerical representation of an outcome in a sporting event happening. Bookmakers offer betting odds on up to 50 sports and Politics, Esports and TV Specials. Betting odds are quoted in pre-game, in-play and ante post markets. Therefore, customers in India have access to the best cricket odds for the Indian Premier League, Cricket World Cup and Test matches involving India.
The best cricket betting odds are available in India from a number of online bookmakers, including Betway, Leo Vegas and Karamba. There are also live cricket betting odds for these competitions and with these bookmakers that serve the betting market in India. Live cricket betting is hugely popular in India and the live events include domestic and international fixtures. Hence, Twenty20 cricket is also suited to in-play betting. The betting odds meaning applies to all competitions.
How betting odds work?
Bookmakers devise a betting market by creating betting odds for each possible outcome. For example, in a Test match there are betting odds cricket related for three potential results: Home Win, Draw, Away Win. So, bookies update these odds during the match and at the close of play each day. Odds compilers create the odds based on recent form, team news and injuries. Cricket betting odds fluctuate based on the weight of money. Hence, if one team is backed the odds are cut and the odds for a draw and the opponents winning are pushed out. There is a fixed mathematical value expressed as a percentage which is maintained to balance the book.
How to read betting odds?
Bookmakers issue betting odds for many cricket events. In an Indian Premier League match, there can be a strong favourite and underdog. However, the home team are often the favourites because they have the support of their own fans and are used to the surroundings and pitch conditions. The most common format is fractional odds which have a numerator and denominator. An example of fractional odds is 2/1. There is twice the chance of an event happening than not happening. However, when an outcome is quoted at Evens there is an equal chance of an outcome occurring and not occurring. Cricket betting odds can also be odds-on or odds-against.
How to understand betting odds?
Betting odds can appear to be quite confusing but they are easy to understand you get the hang of it. So, betting odds are available in the following formats:
The default format is decimal or fractional odds but this can be easily changed to one of the other formats. The calculation is slightly different for each format but basically the values are consistent across each set of odds. Hence, betting odds are numbers that reflect the likelihood of an outcome in a sporting event.
Indian cricket betting odds and sites
There are some sites that provide the best betting odds and complement a welcome bonus and ongoing promotions for existing customers. Welcome offers can be match deposit bonus, match bet bonus and no deposit bonuses. Also, ongoing promotions include enhanced odds for cricket accumulators, cricket accumulator insurance and odds boosts. However, some Indian betting sites offer enhanced odds for matches in the Indian Premier League and Cricket World Cup. So, the best cricket betting odds are available with these India-facing operators:
Betway is a global betting brand that has a sports betting service for customers located in India. The most popular betting sports are football and cricket. The most bet on football competitions are the Premier League in England and the Champions League. Betway offers an extensive range of the best cricket betting odds and live cricket betting odds. The operator offers cricket betting on domestic tournaments in India and international cricket. The biggest occasion in Indian cricket is a Test match against Pakistan. Betway often offers the best betting odds for this fixture.
LeoVegas is another leading operator in India for the best cricket betting odds. The site features cricket betting odds in pre-match, in-play and ante post markets. The most popular cricket bet with LeoVegas is the match winner. This is a two-way market in one day cricket but a three-way market in Test matches, including the tie. LeoVegas offers an extensive range of cricket betting odds for a Test match between India and Pakistan. The site features ante post cricket betting odds on the outright winners of the IPL and next Cricket World Cup.
Karamba is an excellent sportsbook for the best cricket odds. Hence, the site features cricket betting odds markets such as the top batsman and bowler in a Test match. Karamba also offers customers cricket betting odds on the next player out and the method of the dismissal. These markets are available for matches in the IPL and Cricket World Cup. The operator also offers IPL live match betting through the cricket live IPL service. Karamba offers good value in their cricket betting odds across a number of competitions and formats.
Cricket betting odds
Bookmakers for bettors in India offer a wide range of cricket odds. The best odds cricket betting markets are for the three competitions below. So, there is live TV coverage which promotes betting. Hence, there is a huge amount of cricket info and interest in cricket betting odds in India especially for these events:
Indian Premier League
The Indian Premier League is a Twenty20 franchise which brings together some of the best players in the world. The leading ODI and T20 players receive huge contracts for a short season. Television companies show IPL live match cricket and bookmakers provide the live cricket betting odds for fixtures in the IPL. The most popular cricket odds are for the match winner and the number of runs scored in the match. The number of runs and wickets for players are other popular IPL betting odds markets.
Cricket World Cup
The Cricket World Cup takes place every four years and brings together the best teams in One Day International matches. Each team bats for up to 50 overs and the team that scores the most runs wins the match. Bookmakers offer World Cup betting odds on every match during the tournament. The most bet on markets are the match winner, the next player to lose his wicket and the method of dismissal. Some bookmakers offer cricket betting odds on the winner of the toss.
India Test matches
Test matches involving India attract huge TV audiences and many thousands of spectators. However, the interest is biggest for Test matches between India and Pakistan and England. Bookmakers offer betting odds cricket for Test matches in which India play, especially at home. Matches take place over up to five days and both teams have two innings. So, the time and format creates the potential for live cricket betting odds and cricket odds in betting during Test matches.
Live cricket betting odds
There is a demand for live betting odds during the Cricket World Cup and IPL while matches are taking place. However, bookmakers suspend live cricket betting odds after a key event such as a wicket or boundary in a live IPL or Cricket World Cup match. So, bookmakers who operate in India provide the best live cricket betting odds across a number of competitions and formats. Live cricket betting is massive in India and the Indian Premier League is the biggest competition for live betting.