The game of cricket boasts some of the most diverse markets in sports betting, with the best cricket betting sites having become very popular with bettors from across the world. In this guide, we will look at how to earn money from cricket betting, as well as the risk and rewards in cricket betting.
Remember, however, that cricket betting is something that should only ever be done for fun.
The Best Betting Sites to Earn Money from Cricket Betting
How to Earn Money in Cricket Betting: Top 5 Best Betting Sites
10 Ways How to Earn Money In Cricket Betting
When trying to find out how to earn money from cricket betting, there are a number of factors you must take into account. While you do not need to strictly adhere to all of the below, generally, you should try to tick off as many as you can before you start betting.
1. Look for Value
As simple as this sounds, not everyone actually takes their time to look for value. Many novice punters mistakenly place their bets solely on what they think will happen. However, without the concept of value, this strategy will fall short in the long term.
A value bet is a bet where the probability of an outcome is larger than the bookmaker's price suggest. Basically, when hunting for value, you are looking for bets that have a greater chance of succeeding than the odds imply. This strategy, if done correctly, will see you gain an edge over the bookie and increase your chances of profiting in the long run.
Best betting site to find value: bet365
2. Don’t Just Bet on Big Names
The impulse for many, whether for cricket, football, tennis or any kind of betting, is to back the big names. If Manchester United were playing Wycombe in the FA Cup, most would back United, for example.
However, the very nature of sport means there is always a chance of an upset. Backing Joe Root or Virat Kohli to continually top score may seem like the best option if they usually have the shortest odds, but this is not always the case. It all depends on whether you have done your research properly and what the likeliest outcome is.
3. Get Statistical
Let's say that India travel to face England, with the latter big odds-on favourites to win the match. However, you may find that India have a fantastic record on a certain pitch with four wins in their last six visits.
With this in mind, it would be an astute bet to go with India, especially if they offer good value and the stats and historical head-to-head says they have a good chance of winning.
It is also important to look into when the match is being played. If a side is coming off a fantastic eight-game winning run at the start of their season, then they constitute a side to back and not bet against. However, if that winning run is at the backend of an 18-match run and is at the end of their summer, physical and mental fatigue will become a big factor in both the match and your betting.
Ensure you know how many games the teams and players have gone through that year before you bet.
4. Read Pitch Reports
In cricket, the pitch can have a monumental impact on a match. A pitch report will give you a breakdown of how things look before a ball has been bowled, as well as the weather and how it will likely deteriorate and affect play.
For example, a pitch in England will likely offer good conditions for swing bowling, with grassy tops and overcast conditions helping in and out-swing. As a Test goes on, the foot-holes of the fast bowlers will leave big dusty patches for the spinners to aim at, while cracks in the pitch will appear, making spin bowling very dangerous.
This information is vital when betting, as a batsman that struggles against swing and spin will more than likely have a hard time in England, and so should be avoided. Similarly, in Australia, the pitches are dry and the weather is hot, meaning that swing is not as effective, while pace and spin bowling are dangerous.
To sum up, make sure you know what sort of pitch the teams will be taking to before you bet.
5. Don’t Chase Bets
This is one of the most important things to remember when betting.
Some punters make big wagers and lose. Instead of taking a step back, some choose to make further bets to try to recover what they've lost. This is not something you should ever do. Betting should only ever be for fun and not as a source of income. You should set yourself bet limits and take a break from gambling if you keep finding yourself chasing bets after a string of losses.
6. Know Your Formats
The three formats of the game are Test, One Day International (ODI) and Twenty20 (T20) cricket.
Test cricket is the longest format, ODI is a 100-over game split into two 50-over innings, while T20 cricket is the shortest and most explosive of the three, with a 40-over game split into two innings.
When looking to bet on any of the three, it is important to take into account the different styles of players; the tactics employed for one format will be very different to the other two.
For example, a big betting market in T20 cricket is the ‘Most Sixes’ market. As the shortest and most explosive format of the three, T20 cricket sees players looking to smash the ball to all corners of the pitch.
Meanwhile, Test cricket is more like a chess match, with players looking to preserve their wicket and make a big score for their team, meaning that sixes are not always assured.
7. Read Up On Form
While a few wins in recent games do not always mean that a side will win, they can be a good indicator as to the direction a result will go in. This is even truer if the other side has struggled and is going into the match in no form at all.
A similar tactic should be used when choosing whether or not to back a player. If a bowler has struggled for wickets on a tour and is going into the match with no confidence due to a poor run, you would be better off betting on someone else, unless you think they are about to pull a big performance out of the bag.
8. How Important Is the Match?
Simply put, if a match is a dead rubber, the teams may decide to field an inexperienced team to rest their best players.
This means that a bet on Australia to beat Afghanistan in the final ODI with Australia 4-0 up in the series may be a risky bet if the Aussies decide to give their peripheral players some game time. Always be aware of the importance of the game and where it places in the grand scheme of a tour or tournament.
9. The Winner of the Toss
At the start of a cricket match, two captains call a coin toss, with the winner deciding whether they will bat or field first.
While this may sound inconsequential, if a captain wins the toss on a pitch that looks perfect for batting, then they will have given themselves a big advantage for the rest of the game, especially if the pitch will deteriorate quickly.
10. The Weather
Cricket is one of the few games where the rain can see a match called off. If rain is forecast, then a draw in a Test match may be called, despite a side dominating their opponents for three days straight.
Similarly, immense sunshine in Australia can see the conditions change, just like overcast conditions can see the ball swing a lot more in England.
The Risks and Rewards of Cricket Betting
When looking into how to earn money in cricket betting, it is vital that you balance out potential rewards with what's at risk. Below, we have gone over a number of the biggest risks you take when betting in any capacity.
- Loss of money – Needless to say, when betting on any market, your own capital is at risk. If you are constantly wagering on different sports and events, then it can become very dangerous if you exceed the amount of money that you can comfortably gamble. As previously mentioned, sports betting should not ever be used as an alternative source of income, as it is so unpredictable. You should ideally set yourself limits on the amount you deposit or can afford to lose. This can help you mitigate your losses and keep your gambling in check.
- Loss of pride – This is an odd one, as it refers to two different factors. The first is when you bet using your pride. Often, fans of a certain team will back their favourite team, even if neither they nor the bookies believe they have a chance of winning. While being passionate about your club or country is understandable, being too emotional when betting can see you make foolish bets that are destined to lose you money. Some bettors will purposefully bet on games that do not include the side they support so that pride does not cloud their judgement. The second factor is your pride taking a hit through losing your bet, leading you to chase your losses in order to feel like a winner. As mentioned above, chasing your losses is something that's never recommended, as it can only lead to further disappointment and potentially run you into debt.
- Addiction – One of the major risks of sports betting is gambling addiction. A quality bookmaker should always have Responsible Gambling tools and resourced that can be easily accessed on their site. These can include time outs/time limits, betting limits, deposit limits, self-exclusions and more.
When you look into trying to earn money from cricket betting, there are of course many possible rewards to enjoy. Below, we will go over the most attractive, although we stress that you should keep in mind potential risks at the same time.
- Winning – One of the most obvious ways of how to earn money in cricket betting is, simply, to win. The enjoyment you contrive from watching sport can be enhanced by betting, and this is doubly true if the team you support emerges victorious, thus seeing your wager come in too.
- Thrill of betting – The thrill of betting on a sporting event is something that even casual sports fans enjoy. However, be careful not to let this feeling go overboard, as it can potentially lead to your gambling going out of control.
- Enjoyment – Betting can be an absorbing and entertaining pastime. Many enjoy trawling through statistics and looking at the recent form of players and teams before a match. Equally, having a bet on a game can make a match even more satisfying. If your bet on a batsman for a certain team has already come in, then you can sit back, relax and enjoy the rest of the game, knowing that your bet is already a winner.
- Pride – It's always fun to sit back in the knowledge that you've managed to successfully predict a winning bet. There are even social media accounts dedicated to celebrating big wins or wagers that have come in on events that were near-impossibilities. However, as we mentioned above, be sure not to let your pride get the better of you when betting.
Geo-restrictions apply. You must have a funded account or to have placed a bet in the last 24 hours
Which Are the Best Cricket Competitions to Bet On?
Next in this guide on how to earn money in cricket betting, we will take a look at the biggest competitions to bet on below:
Best Test Cricket to Bet On
Best ODI Cricket to Bet On
Best T20 Cricket to Bet on
When looking into how to earn money from cricket betting, finding the right tournament for you is crucial, and if you need any further help on how to bet on cricket, we have got you covered too.
Alternatives to Cricket Betting
If this guide on how to earn money in cricket betting has piqued your interest, then check out these alternatives below.
*Odds correct as of 12:15 G.M.T, 13/04/21
Football is the most popular sport in the world, with a huge variety of betting markets and options to back this up. Whether you are looking to bet on Liverpool and Manchester United in the Premier League, Real Madrid and Barcelona in La Liga, Bayern Munich or Borussia Dortmund in the Bundesliga, or all of the above in the Champions League, most betting sites will have a glut of markets available, together with specific features and promotions aimed at football bettors.
*Odds correct as of 12:15 G.M.T., 13/04/21
One of the most exciting and unpredictable sports to bet on, tennis provides bettors with a brilliant alternative to cricket betting. Betting on legends of the game like Roger Federer and Serena Williams has provided punters with a lot of value and profit in the past, while up-and-coming stars are consistently giving tennis bettors exciting and valuable players to wager on. Like the best live cricket streaming sites, tennis betting sites often allow their customers to watch and bet on the biggest tennis matches.
*Odds correct as of 12:15 G.M.T. ,13/04/21
Another incredibly popular sport to bet on, horse racing has become one of the biggest sports on the planet. With events such as the Cheltenham Festival, Ascot, Aintree or any race outside of the UK, horse racing betting provides value along with the thrills and spills of live sport. Like tennis and cricket, many betting sites offer customers the ability to live stream many races, as well as an array of betting payment methods to choose from. For the biggest horse racing events in the world, bookmakers will often provide fantastic promotions tailored for said events.
How to Earn Money in Cricket Betting FAQs
Which are the best cricket betting sites?
Any of the sites mentioned above will give you a fantastic experience when betting. However, we would rate bet365, 888sport or 1BET as being the very best. These three bookies offer competitive odds, a range of markets, good payment options and great features for all their customers.
How can I earn money from cricket betting?
We would recommend a few factors that you must take into account. First of all, look for value in your bets, rather than always going for odds-on wagers. Next, set yourself a limit on what you are willing to wager so that your losses do not exceed what is comfortable. In addition to this, look into the stats for the games you are betting on beforehand, along with pitch reports and head-to-heads.
What are the risks involved in cricket betting?
As mentioned above in more detail, the risks of betting include losing too much money and your pride taking a hit. If you were to lose more money than is comfortable for you, then it could lead you to chasing bets and trying to recover these funds. This could lead you into further debt and you could possibly develop a gambling addiction. Be sure to set yourself deposit and wagering limits, and take a break from gambling when necessary.
How can I bet responsibly?
Responsible betting is vital in making your experience with any bookmaker enjoyable. After all, betting is meant to be fun, and as soon as you feel it it isn’t any more, you should stop.
To ensure you bet responsibly, you can use any of the responsible gambling tools that many of the best bookmakers offer. These include time outs/time limits, betting limits, deposit limits, self-exclusions, links to helpful resources and more. Again, always make that sure that what you bet is what you can comfortably afford.
Geo-restrictions apply. You must have a funded account or to have placed a bet in the last 24 hours
CricketBettingAdvice Final Say
You can enhance the excitement of watching cricket by signing up to one of the best in-play betting sites we've listed on another article. Don't forget to check out our expert cricket betting predictions for different competitions like the Cricket World Cup and that cover IPL betting too.
How to earn money in cricket betting is a subject that many naturally enquire about; however, you should always balance out all the potential risks and rewards. There are a number of responsible gambling tools on the internet as well as on bookmaker sites should you ever feel you need support.
The Cricket Betting Advice team of writers are all defined by one goal: to provide you with the best online betting content on the web.