How To Earn Money From Cricket Betting: Top Tips & Strategies (2024)

How to win in cricket betting? Well, while you can place cricket bets and potentially earn money out of it, there is no sure-fire formula for the same. That said, in this article, we will discuss all the possible ways you can hope to earn money by betting on the sport and the various risks and rewards involved, so you can start your betting journey with ease.

How to Win in Cricket Betting Hopefully?

While you can possibly earn money by betting, there’s unfortunately no watertight formula to guarantee winnings. If you’re wondering how to earn money in cricket betting, remember that knowing what’s at stake (the money) and planning your cricket bets accordingly can go a long way towards mitigating losses.

If there was one approach you could follow to possibly earn money by betting, it would have to be being well prepared, financially disciplined, and organised.

To that end, below are some tips and practices that I have followed throughout my betting journey, and these have fortunately helped me win some (and sadly, have lost some as well). Therefore, please note that even if you mastered all the strategies, you couldn’t guarantee that you'd earn money from cricket betting.

Retain Your Sporting Edge

Wish to know how to earn money in cricket betting? This is probably the most important box to tick.

When betting on a top cricket league, track the sport to stay updated about the latest stats, best-performing players, changes or modifications in rules, and emerging talent. This will automatically improve your knowledge of the sport, enabling you to make more informed betting choices. Regularly check out H2H records and analyse past performances of teams to always stay on top of the sport. Sites like Cricbuzz and ESPNcricinfo will help you do just that.

I would also suggest the following books:

  • “The Logic of Sports Betting” by Ed Miller and Matthew Davidow
  • “Weighing the Odds in Sports Betting” by King Yao
  • “Fixed: Odds Betting and How to Win It” by Larry Grossman

Study Pitch Reports

Pitch reading is invaluable for assessing how the game could turn at different stages. Irrespective of the format of the match, knowing how the pitch behaves will help you choose your cricket bets better.

Additionally, factor in the weather conditions for matchday. Such weather reports are readily available on sports news portals, as well as via a simple Google search. If you follow these simple practices, you can gain insights and hopefully better your chances to earn money from cricket betting.

Choose a Trustworthy Bookmaker

Now that you follow the sport and stay on top of things like pitch reports, weather, and statistics, choosing from among the top cricket betting sites is perhaps the first concrete step to take if you wish to know how to earn money in cricket betting. The online sports betting landscape in India is abuzz with bookmakers – some genuine, some not so genuine.

So how do you tell a credible and trustworthy betting provider from a fraud?

  • Dependability: A legitimate bookmaker should offer swift payouts, fairness, and transparency. Check out betting site reviews online and ask other bettors for recommendations, too.
  • Competitive odds: Compare cricket betting odds from various bookies for the same game or event. Reputable bookmakers frequently offer competitive prices, increasing your chances of winning.
  • Licensing: Ensure the bookmaker is licensed and certified by reputed gambling authorities like the UK Gambling Commission or the MGA.

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Make Multiple Betting Accounts

I'm not talking about opening several accounts with the same bookmaker, as that will almost certainly lead to problems for you. Rather, create accounts with three to five different sportsbooks.

While all the bookmakers recommended in this article provide a rewarding gambling experience online, you can still land yourself a better deal with bigger promotions, such as free bets and cashback offers, if you shop around a little. This means you pay less to place your bet, and you will hopefully make more money (a larger margin) on your wins, or lose less on your losses.

Leverage Market Inconsistencies by Value Betting

Finding bets with an expected value that is higher than what the odds indicate is the art of value betting. Long term, this strategy can be very profitable even though it necessitates extensive study and analysis.

This is how to identify value wagers:

  • Comparative evaluation: Compare your assessment of a team's chances of winning to the odds offered by bookmakers. If you believe a team has a better chance of winning than the odds suggest, you may have discovered a value bet.
  • Estimating too little and too much: Keep an eye out for instances where bookmakers undervalue a team's chances or overestimate the impact of a specific player or event. These differences may present profitable wagering opportunities.

Research Betting Markets

You must invest time in understanding the various betting markets available at your disposal and exactly what each one offers. This is especially essential for live betting, where there’s not much time to think as the betting markets and odds change within seconds, with each delivery being bowled.

Use a Betting Exchange

Betting exchange sites are a blessing if you want to take your wagering experience to the next level. These are essentially betting sites that allow you to bet on the outcome of an event not happening — that is, to make a lay bet.

Using a betting exchange, you can wager on both probabilities of a cricket match — win and loss. Such sites act as a cushion, allowing you to hedge risks and limit your losses. The process is a little more time-consuming but not at all complex.

Set Betting Limits

Remember, sports betting and gambling are only for recreation and should never supplant your primary source of income. It is from your extra income that you set aside a fixed amount for betting and ensure you do not overspend at any cost.

Pro tip: While deciding on your betting budget, set aside some extra (cushion) money should you want to place that one last wager on a team you’re confident will win.

Practice Bankroll Management

And last but not least, a critical aspect of learning how to earn money from cricket betting is managing your bankroll effectively. While you could get carried away by the thrill of the game and make snap decisions when betting, long-term success requires a methodical approach. For starters, I encourage you to use betting sites with a low minimum deposit, so you do not put a lot of money on the line.

Here's how to wisely manage your bankroll:

  • Set a budget for yourself and do not overspend.
  • Decide on the maximum stake for your bets and do not exceed that.
  • Decide on a betting frequency and try not to bet too often.
  • Track your wagers.
  • If you're using more than one bookmaker, decide how much money you wish to split between them.
  • Determine triggers to cash out.

How to Win in Cricket Betting – Risks Involved

For all the potential rewards that you could reap from online cricket betting, there are some major risks as well, which you should be aware of. That's because only when you're aware of the probable pitfalls will you be able to avoid them en route to a rewarding gambling experience.

Cricket betting Risks

Earn Money From Cricket Betting – The Rewards

  • Diverse betting opportunities: Online betting allows you to dabble in a wide range of cricket betting markets, which is impossible with offline betting. That's because, firstly, there's the geographic constraint and then the fact that offline betting is banned in India, due to the archaic Public Gambling Act, 1867.
  • Earn money by betting online: Online betting offers profit potential through proper research and competitive odds, especially in markets like match winners.
  • Affordable and easy recreation: When you bet on cricket, that takes the whole cricket-watching experience to the next level. Also, it doesn't cost much, with double-digit stakes being accepted across leading bookmakers. Additionally, welcome bonuses and free bets can make the whole experience more cost-effective and fun!
  • Bet from anytime, anywhere: Bet from anywhere globally with just a laptop or smartphone and a stable internet connection.
  • Swift payouts: Online betting ensures fast withdrawals through widely accepted payment methods, guaranteeing same-day payouts without delays.

Best Real Money Cricket Betting Apps in India

Below, you will find a list of the best cricket apps to earn money on (potentially). Take a look at the mobile betting applications of these top-rated sportsbooks and choose your preferred real money cricket betting apps in India.

Best Cricket App To Earn Money – Reviewed

1. 20Bet

20bet mobile app

(Source: 20Bet)

Founded in 2020, 20Bet has quickly risen through the ranks of real cash cricket betting apps, gaining a reputation for both innovation and ease of use. Live statistics enhance in-play betting by helping with strategic decision-making, while a smooth user interface makes navigating through a variety of markets easier.

20Bet Pros
  • Simple registration process
  • Takes UPI
  • Site available in Hindi
  • Fantastic promotional deals
  • A section with live stats
  • Thorough FAQs
  • Phone support available
20Bet Cons
  • Slow live chat response
  • High minimum deposit requirements

2. Rajabets

A screenshot of Rajabets Welcome offer on App

(Source: Rajabets)

If you’re looking to potentially earn money from cricket betting, you cannot look past the Rajabets app. I was pleased by the bookmaker’s sleek, modern-day style and easy UI, which made navigating a breeze. Importantly, the Rajabets application impresses right away by offering one of the biggest welcome bonuses currently on the market.

Additionally, it accepts convenient payment options to make transactions easy for Indian players.

Rajabets Pros
  • Accepts multiple India-centric banking options
  • Straightforward and beginner-friendly app UI
  • Very low minimum deposit limit
  • Range of sports betting promotions
  • Generous welcome bonus
Rajabets Cons
  • Live chat not up to the mark
  • Sports bonus entails high wagering requirements
  • No livestreaming

3. Melbet

A screenshot of Melbet app

(Source: Melbet)

Melbet is undoubtedly one of the best betting apps to make money in India. The mobile application's layout is simple and, might I add, much better than its desktop version. Melbet consistently offers some of the most competitive odds across a range of sports betting options, including cricket, of course.

The welcome bonus is generous, offering punters the chance to beef up their bankroll, while the other sports promotions are durable and of high value, which means you get extra financial bandwidth when betting with the bookmaker. Melbet also doubles up as an excellent IPL betting app.

Melbet Pros
  • One-click registration
  • Straightforward app UI
  • Accepts Google Pay, PhonePe, Paytm
  • Handsome welcome bonus
  • Comprehensive stats and results sections
  • Hindi language available
Melbet Cons
  • Live chat support via a bot

4. Parimatch

Parimatch Mobile App

(Source: Parimatch)

Parimatch is hands down one of the best real money cricket betting apps in India. It offers a refreshing experience thanks to an intuitive interface and a distinctive layout.

While there is certainly room for improvement (such as accepting more India-specific payment methods and introducing more long-term cricket-specific promotions), the standout feature is the bookie's Analytics Centre, which offers stats-based match outcomes for easier betting decisions.

Parimatch Pros
  • Modern, user-friendly design
  • Excellent for virtual betting
  • Stats-based Analytics Centre
  • Supports multiple Indian languages
  • Customer support via WhatsApp and chat
Parimatch Cons
  • Certain betting markets are published late
  • Dearth of India-centric banking methods
  • Shortage of cricket betting promotions
  • Support via live chat could be quicker

5. Fun88

Fun88 App homepage

(Source: Fun88)

Founded in 2008, Fun88 has taken great strides in the realm of online gambling, and if you seek to earn money by betting on cricket, the bookmaker gives you a fine platform to do just that. From providing betting markets for the top leagues to smaller competitions and bilateral series, this platform caters to the needs of VIP high-rollers and budget-conscious beginners alike.

The app provides an impressive live betting function, coupled with a slew of promotions and easy navigation — factors that come together to offer a rewarding betting experience.

Fun88 Pros
  • Smooth UI
  • Swift payouts
  • Cricket betting exchange available
  • Customer support on WhatsApp
  • Competitive odds
Fun88 Cons
  • No livestreaming feature
  • High minimum qualifying deposit for the welcome bonus
  • Lack of convenient withdrawal options, except for bank transfers

Top Fantasy Apps To Earn Money From Cricket

  • Dream11: Dream 11 is by far the most popular and trending fantasy sports app in India, with the largest user base, offering daily promotions and deals, and allowing private contests for friends to play together. Users can play a variety of fantasy sports, including basketball, kabaddi, football, hockey, and, of course, cricket.
  • My11Circle: If you have a keen interest in cricket, you really should give this app a try. The platform has garnered over 13 million users and paid out more than ₹1 billion in prizes. In contrast to numerous other fantasy sports app platforms, My11Circle has a low minimum withdrawal limit and offers referral bonuses.
  • MyTeam11: This fantasy sports app lets you play basketball, hockey, rugby, football, cricket, and soccer in nine different languages. With over 1.5 million downloads, the MyTeam11 app offers over ₹5 million in daily prizes through more than 100 contests. Furthermore, MyTeam11 provides instant withdrawals in addition to a ₹100 sign-up bonus.
  • MPL Fantasy Cricket: This fantasy gaming platform has over 40 games in its library, including fantasy football and cricket, as well as card and puzzle games. It also has practice games, allowing you to potentially learn how to win in cricket betting.
  • SportsBaazi: The ability to select between a bowling and batting fantasy game is what distinguishes SportsBaazi (formerly BalleBaazi) from other similar apps. With an alluring referral programme and a low minimum withdrawal limit of ₹10 via Paytm, this fantasy sports app offers you a chance to win big.

How to Bet on Cricket in India?

  • Step 1: Choose your preferred bookmaker.
  • Step 2: Sign up and make your betting account with the bookie.
  • Step 3: Claim welcome bonus (if any) and make the first deposit.
  • Step 4: Search for suitable betting markets.
  • Step 5: Look for the best odds.
  • Step 6: Enter the stake and place your bet.

CricketBettingAdvice Final Say

Now that you know more about how to win in cricket betting, the various risks and rewards associated with it, and effective tips to possibly make money through betting, why wait? Select from our list of the best betting sites and get started!

However, like always, we advise you to choose value over everything else while selecting bets. Be safe, bet safe!

Earning Money with Cricket Betting Resources

For more information on Earning Money with Cricket Betting, check out the below resources.

  1. International Cricket Council (ICC):  The governing body for cricket with information on various tournaments like the Cricket World Cup, T20 World Cup, and ICC Champions Trophy.
  2. ESPN Cricinfo – Cricket Schedule: Provides a comprehensive schedule of upcoming cricket matches and tournaments.
  3. BBC Sport – Cricket: Provides cricket news articles, potentially including discussions on the impact of betting on the sport.

How to Earn Money by Betting FAQs

How can I bet on cricket? Can I make money by betting online?

Betting on cricket is pretty straightforward. Simply sign up with your preferred bookmaker, deposit money into your betting account, search for suitable markets to bet on, look for the best odds, and place your wager. And secondly, yes, you can make money by betting on sports, but winnings can never be guaranteed. Any sport is unpredictable, and so is sports betting.

That said, if you follow the best practices that we have outlined in this article, you can hope to earn money by betting.

How can I earn money in cricket betting?

The best possible way of making money through betting on cricket is by being calculative and informed. Once you have done your research, you can use betting apps to make money, hopefully.

Which is the best cricket app to earn money?

If you wish to earn money from cricket betting, my top choices for the best real-money apps are 20Bet, Melbet, Rajabets, Parimatch, and 10CRIC. That being said, the others are equally good and definitely deserve your attention.

Where can I get the best IPL cricket odds?

All the real money cricket betting apps in India (that we have discussed and explored in this article) allow you to bet on the Indian Premier League. Once you sign up, you can find some of the most competitive IPL cricket odds there.

How can I earn money in IPL betting?

It's in no way different from how you'd approach betting on cricket or any other sport. The idea is to do your research well: stay ahead of the game, know the latest news, follow team and player stats, and then combine all this with the tips on how to win in cricket betting (discussed in this article).

And if you wish to know how to earn money in IPL betting, we suggest you go through this.

Is there a way to make money on betting exchanges?

Making money on betting exchanges is possible, and the strategy remains the same: do comprehensive research, understand the markets, have trading strategies, learn about risk management, and most importantly, track your bets.

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