Cricket Betting Markets Explained - Complete Guide

Understanding Every Cricket Betting Market

Cricket Day offers hundreds of betting markets beyond simple match winners. This comprehensive guide explains every major market, optimal betting strategies, and how to identify value in specialized markets.

Understanding Cricket Betting Markets - Cricket Day

Chapter 1: Match Betting Markets

Match Winner (Match Odds)

Description: Predict which team wins the match.

Available In: All formats (Test, ODI, T20)

How It Works:

  • Two outcomes (Team A or Team B)
  • Test cricket includes Draw option
  • Simplest and most popular market

Typical Odds Examples:

T20 – Evenly Matched:

Mumbai Indians: 1.90

Chennai Super Kings: 1.95

ODI – Clear Favorite:

India: 1.40

Bangladesh: 3.20

Test – With Draw Option:

England: 2.10

Australia: 2.30

Draw: 3.50

Betting Strategy:

  • Research team form thoroughly
  • Consider home advantage
  • Assess pitch conditions
  • Evaluate head-to-head records
  • Look for odds above 1.70 for value

Advantages:

  • Most liquidity (best odds)
  • Straightforward outcome
  • Extensive information available
  • Suitable for beginners

Disadvantages:

  • Often low odds on favorites
  • Limited value in mismatched games
  • No hedging opportunities mid-match
Tied Match

Description: Bet on match ending in a tie (exact same score).

Available In: Limited-overs cricket (T20, ODI)

How It Works:

  • Both teams finish with identical total scores
  • Super Over follows in T20/ODI
  • Bet settles on regulation tie (before Super Over)

Typical Odds:

Match to End in Tie: 25.00-50.00

When to Consider:

  • High-scoring pitches
  • Two strong batting lineups
  • Historical tie frequency at venue
  • Final overs often produce ties

Betting Strategy:

  • Extremely rare outcome (bet small amounts)
  • Live betting offers better value
  • Watch for close chases in final overs
  • Consider as hedge in close matches

Statistical Reality:

  • T20 ties occur in ~0.5% of matches
  • ODI ties in ~0.3% of matches
  • Massive odds but very unlikely

 

Draw (Test Cricket Only)

Description: Match ends without result after 5 days.

Available In: Test cricket only

How It Works:

  • Five days of play conclude without winner
  • Weather interruptions increase probability
  • Batting-friendly pitches favor draws
  • Fourth and fifth-day forecasts crucial

Typical Odds:

Draw: 3.50-6.00 (varies by venue and teams)

Factors Increasing Draw Probability:

  • Rain forecast for multiple days
  • Very flat pitch (high-scoring)
  • Evenly matched teams
  • Historical draw frequency at venue
  • Short time remaining with match level

Betting Strategy:

Pre-Match:

  • Check 5-day weather forecast
  • Research venue draw statistics
  • Assess pitch type
  • Consider team batting depth

In-Play:

  • Monitor time remaining
  • Assess pitch deterioration
  • Watch weather developments
  • Hedge match winner bet if appropriate

Example Scenario:

Day 1: Team A scores 450

Day 2: Rain washes out entire day

Day 3: Team B scores 380

Day 4: Team A scores 220 in second innings

Day 5 Morning: Team B needs 291 in 80 overs, heavily overcast

Draw odds shorten from 4.50 to 2.20 as time and weather favor draw

Chapter 2: Player Performance Markets

Top Batsman

Description: Predict which player scores most runs for their team.

Available In: All formats

How It Works:

  • Highest run-scorer for specific team wins
  • Ties typically result in dead heat (half payout each)
  • Innings-specific or match-aggregate versions

Typical Odds Structure:

Opening Batsmen: 4.50-6.50

Top Middle-Order: 5.50-7.50

Middle-Order: 7.00-10.00

Lower Order: 12.00-20.00+

Factors To Consider:

Batting Position:

  • Openers face most deliveries
  • Top-order gets best conditions
  • Middle-order inherits pressure situations
  • Lower-order rarely top-scores

Current Form:

  • Scores in last 5 innings
  • Strike rate trends
  • Confidence indicators
  • Conversion of starts

Opposition Bowling:

  • Quality of bowling attack
  • Matchup history (does player struggle against certain bowlers?)
  • Bowling conditions (pace vs spin friendly)

Venue History:

  • Player’s record at ground
  • Average scores at venue
  • Pitch type suits player style?

Match Situation:

  • Batting first or chasing?
  • Team batting collapse risk?
  • Required run rate in chases

Betting Strategy:

T20 Format:

  • Favor aggressive openers
  • High strike-rate players
  • Powerplay exploiters
  • Odds: 5.00-7.00 range offers value

ODI Format:

  • Consistent top-three batsmen
  • Players with conversion ability (50s to 100s)
  • Anchors in middle overs
  • Odds: 4.50-6.50 range

Test Format:

  • Patient accumul ators
  • Players suited to pitch type
  • Form in recent Tests
  • Odds: 6.00-9.00 range

Example Analysis:

Match: India vs England (T20)

Venue: Wankhede Stadium (batting paradise)

Conditions: Flat pitch, short boundaries

 

Virat Kohli (Top Batsman): 5.50

– Bats at #3 (good position)

– Excellent recent form (3 fifties in last 5)

– Outstanding record at Wankhede (avg 58)

– Matchup: Struggles against Mark Wood (opposition has Wood)

 

Assessment: Despite good odds, Wood’s presence reduces value

Decision: Skip or bet smaller unit

Top Bowler (Match/Innings)

Description: Predict which bowler takes most wickets for their team.

Available In: All formats

How It Works:

  • Highest wicket-taker for specific team wins
  • Equal wickets = dead heat rule applies
  • Wicket-less performances lose regardless of economy

Typical Odds Structure:

New Ball Bowlers: 5.00-7.00

Primary Strike Bowlers: 4.50-6.50

Support Bowlers: 7.50-11.00

Part-Timers: 15.00+

Factors To Consider:

Bowling Role:

  • Powerplay specialists (new ball)
  • Middle-overs control bowlers
  • Death overs specialists
  • Spinners (pitch-dependent)

Pitch Conditions:

  • Green pitch favors pace
  • Dry pitch favors spin
  • Moisture aids swing
  • Bounce suits certain bowlers

Opposition Batting:

  • Weakness against pace/spin?
  • Historically poor against specific bowler?
  • Inexperienced against swing/spin?

Match Format:

  • T20: Death-over bowlers take wickets
  • ODI: New ball bowlers often top
  • Test: Bowlers get multiple chances

Workload:

  • Will bowler bowl full quota?
  • Rotation policy in tournaments?
  • Fatigue from recent matches?

Betting Strategy:

T20 Format:

  • Death-over specialists
  • Wicket-taking mentality over economy
  • Players bowling in powerplay AND death
  • Odds: 5.50-8.00 sweet spot

ODI Format:

  • New ball bowlers with swing
  • Middle-overs wicket-takers
  • Bowlers with variations
  • Odds: 5.00-7.00 range

Test Format:

  • Bowlers suited to pitch type
  • Strike bowlers who bowl long spells
  • Reverse swing specialists (old ball)
  • Odds: 5.50-9.00 range

Example Analysis:

Match: Australia vs Pakistan (ODI)

Venue: MCG (pace and bounce)

Conditions: Overcast, expected to assist swing

 

Mitchell Starc (Top Bowler): 5.50

– New ball specialist (bowls powerplay)

– Excels in overcast conditions

– Pakistani batsmen historically struggle against left-arm pace

– Fresh (rested previous match)

– MCG record: 34 wickets in 18 ODIs (excellent)

 

Assessment: Strong value at 5.50

Decision: 2 units bet

Player to Score 50/100

Description: Bet on specific player reaching milestone.

Available In: All formats

How It Works:

  • Player must score 50+ or 100+ runs
  • Retired hurt counting (50 not out = win)
  • Not out at match end counts if target reached

Typical Odds:

Fifty:

T20: 3.50-5.00 (rare due to format)

ODI: 2.50-4.00 (common)

Test: 2.00-3.50 (most common)

Century:

T20: 15.00-25.00 (extremely rare)

ODI: 6.00-10.00 (occasional)

Test: 4.00-7.00 (more frequent)

Factors To Consider:

  • Player’s conversion rate (starts to fifties/hundreds)
  • Batting position and role
  • Team batting depth (support from partners)
  • Match format (T20 rarely produces centuries)
  • Pitch type (flat = more runs)

Betting Strategy:

Fifty Bets:

  • Consistent top-order batsmen
  • Players in good form
  • Venues with high average scores
  • Avoid in T20 (difficult to reach)

Century Bets:

  • Class players with conversion ability
  • Test cricket offers best value
  • Flat pitches in ODIs
  • Rarely worth it in T20

Example:

Player: Steve Smith (Test Match)

Bet: To Score Century

Odds: 5.50

 

Analysis:

– Batting at #4 (prime position)

– Venue: Sydney (flat pitch, high scores common)

– Form: 87, 64, 112 in last 3 Tests

– Conversion rate: Excellent (converts 50s to 100s)

– Opposition bowling: Moderate quality

 

Assessment: Value exists at 5.50

Expected conversion: ~20-25% in these conditions

Decision: 1 unit bet

Player to Take 3/5 Wickets

Description: Bet on bowler taking 3 or 5 wickets in innings/match.

Available In: All formats

**Typical

Odds:**

Three Wickets:

T20: 4.50-7.00

ODI: 3.50-5.50

Test (Innings): 3.00-5.00

Five Wickets:

T20: 15.00-30.00 (very rare)

ODI: 10.00-18.00 (rare)

Test (Innings): 6.00-12.00 (occasional)

Strategy:

  • Three-wicket bets offer better value than five
  • Consider bowler-friendly conditions
  • Quality of opposition batting
  • Bowler’s historical haul frequency

Chapter 3: Total Runs Markets

Match Total Runs (Over/Under)

Description: Bet on whether combined runs exceed or fall below set line.

Available In: Limited-overs cricket (T20, ODI)

How It Works:

Line Set: 345.5 Total Runs

 

Over 345.5: 1.90 (both teams combine for 346+)

Under 345.5: 1.95 (both teams combine for 345 or less)

Factors Affecting Totals:

Pitch Type:

  • Flat: High scores (360+ ODI, 180+ T20)
  • Green: Moderate scores (280-320 ODI, 150-170 T20)
  • Dusty: Variable (depends on spin quality)

Venue Averages:

High-Scoring Venues:

– Chinnaswamy Bangalore: Avg 340 (ODI)

– Wankhede Mumbai: Avg 175 (T20)

 

Low-Scoring Venues:

– Chepauk Chennai: Avg 260 (ODI)

– Wanderers Johannesburg: Avg 155 (T20)

Weather:

  • Dew helps batting (second innings easier)
  • Overcast conditions help bowlers
  • Wind affects boundary hitting

Team Batting Strength:

  • Deep batting lineups score more
  • Aggressive teams increase variance
  • Quality bowling reduces scores

Betting Strategy:

Research Process:

  1. Check venue average scores
  2. Assess pitch report
  3. Review team batting depth
  4. Consider weather forecast
  5. Compare line to expected score

When to Bet Over:

  • Line below venue average
  • Flat pitch reported
  • Weak bowling attacks
  • Dew expected (evening matches)
  • Short boundaries

When to Bet Under:

  • Line above venue average
  • Bowling-friendly conditions
  • Quality bowling attacks
  • No dew (day matches)
  • Large boundaries

Example:

Match: India vs West Indies (T20)

Venue: Eden Gardens (avg 168 runs per match)

Pitch: Slightly slow, favor spinners

Weather: Clear, no dew expected

Teams: Both have quality spinners

 

Line: Over/Under 165.5

 

Analysis:

– Venue average: 168 (slightly above line)

– Conditions favor bowling (slow pitch, no dew)

– Quality spinners on both sides

– Expect below-average scoring

 

Bet: Under 165.5 at 1.90

Reasoning: 2-3 run edge against line

Team Total Runs (Over/Under)

Description: Bet on specific team’s runs exceeding/falling below line.

Example:

India Team Total:

Over 172.5: 1.90

Under 172.5: 1.95

Advantages Over Match Total:

  • Focus on one team’s strength
  • Batting first/second dynamics irrelevant
  • Easier to analyze single team

Strategy:

  • Research team’s recent scoring patterns
  • Consider opposition bowling quality
  • Assess batting order depth
  • Factor match situation (must-win game = aggressive)

Chapter 4: Innings & Phase Markets

First Innings Runs (Over/Under)

Description: Bet on first batting team’s total.

Advantage:

  • Pitch behavior unknown to teams
  • No revised targets from rain
  • More conservative batting in Tests

Strategy:

  • Toss Winner influences (choice to bat reflects confidence)
  • Morning conditions (moisture, movement)
  • Team’s batting first record

Powerplay Runs (First 6 Overs)

Description: Runs scored in overs 1-6 (field restrictions apply).

Typical Lines:

T20:

Over/Under 45.5 runs

ODI:

Over/Under 38.5 runs

Factors:

  • Opening batsmen aggression
  • New ball movement
  • Quality of opening bowlers
  • Ground dimensions (short boundaries = more runs)

Strategy:

  • Aggressive openers increase over probability
  • Quality new-ball bowlers favor under
  • Flat pitches favor over
  • Watch toss decision (batting first often more cautious)

Death Overs Runs

Description: Runs in final overs (usually 16-20 in T20, 41-50 in ODI).

Typical Lines:

T20 (Overs 16-20):

Over/Under 58.5 runs

Factors:

  • Death bowling quality
  • Batting depth
  • Match situation (required run rate)
  • Wickets in hand

Strategy:

  • Teams with power hitters favor over
  • Quality death bowlers (Bumrah, Rashid Khan) favor under
  • Watch middle-overs progression before betting live

Chapter 5: Specialty Markets

Method of First Dismissal

Description: How will first wicket fall?

Options & Typical Odds:

Caught: 1.90

Bowled: 4.50

LBW: 6.00

Run Out: 8.00

Stumped: 12.00

Analysis:

  • “Caught” is most common (75%+ of dismissals)
  • Swing bowling increases caught percentage
  • Spin-friendly pitches increase stumping/LBW
  • Aggressive batting increases caught/bowled

Strategy:

  • “Caught” offers best value in most conditions
  • Consider bowled/LBW in swing-friendly conditions
  • Avoid run-out (unpredictable)
Highest Opening Partnership

Description: Which team’s openers score more runs together?

Example:

India Opening Partnership: 1.85

Australia Opening Partnership: 2.00

Factors:

  • Opening pair quality
  • New ball bowling quality
  • Pitch behavior (movement early on?)
  • Batting first/second (chasing = risk)

Strategy:

  • Favor quality opening pairs
  • Consider toss decision (batting first safer for openers)
  • New ball conditions crucial
Most Sixes/Fours in Match

Description: Which team hits more boundaries?

Factors:

  • Ground dimensions (short boundaries favor sixes)
  • Batting aggression
  • Power hitters in lineup
  • Pitch bounce (good bounce = more sixes)

Strategy:

  • Teams with multiple power hitters
  • Small grounds significantly favor sixes
  • Flat pitches increase boundary count
Race to 10/20/30 Runs

Description: Which team reaches milestone first?

Available In: T20 primarily

Example:

Race to 30 Runs:

Mumbai Indians: 1.80

Chennai Super Kings: 2.05

Factors:

  • Who bats first (automatic advantage)
  • Aggressive opening pairs
  • Powerplay approach

Strategy:

  • Strong correlation to match winner
  • Team batting first heavily favored
  • Live betting offers better value
Man of the Match

Description: Predict match MVP.

Typical Odds:

Star Batsman: 4.50-6.50

Star All-Rounder: 5.50-8.00

Strike Bowler: 6.00-10.00

Winning Criteria:

  • Match-winning performance
  • Significant contribution
  • Typically from winning team (90%+)

Strategy:

  • Bet on match winner’s key players
  • All-rounders offer value (contribute both ways)
  • Avoid unless strong match winner conviction

Chapter 6: Live Betting Markets

Live Match Winner

Odds Fluctuation Example:

T20 – India Batting First

 

After Innings Break (India 185/6):

India: 1.70

Pakistan: 2.25

 

After 5 Overs (Pakistan 45/0):

India: 2.40

Pakistan: 1.60

 

After 10 Overs (Pakistan 78/3):

India: 1.75

Pakistan: 2.15

 

After 15 Overs (Pakistan 125/5, need 61 off 30):

India: 1.50

Pakistan: 2.70

Strategy:

  • Watch first 3-4 overs before betting
  • Look for overreactions to single wickets
  • Consider required run rate vs wickets in hand
  • Cash out if situation changes dramatically

Next Over Runs (Over/Under)

Description: Runs scored in upcoming over.

Typical Lines:

T20 Powerplay: Over/Under 7.5

T20 Middle Overs: Over/Under 6.5

T20 Death Overs: Over/Under 9.5

Factors:

  • Batsman on strike (aggressive vs defensive)
  • Bowler quality
  • Match situation (required rate)
  • Field restrictions

Strategy:

  • Quality death bowlers significantly favor under
  • Aggressive batsmen + weak bowlers = over
  • New batsmen usually cautious (favor under)

Next Wicket Method

Description: How will next wicket fall?

Live Odds:

Caught: 2.20

Bowled: 5.00

LBW: 7.00

Run Out: 10.00

Analysis:

  • Caught remains most common
  • Pressure situations increase run-out risk
  • Yorker specialists increase bowled probability

Partnership Runs

Description: Total runs scored by current batting partnership.

Example:

Current Partnership Over/Under 35.5 runs

Factors:

  • Batsmen quality
  • Partnership stage (new partnership vs established)
  • Required run rate
  • Bowling changes coming

Strategy:

  • Established partnerships favor over
  • New partnerships (just lost wicket) favor under
  • Pressure situations reduce partnerships

Chapter 7: Tournament & Long-Term Markets

Tournament Winner (Outright)

Description: Bet on tournament champion before it starts.

Example: IPL Winner Odds (Pre-Tournament):

Mumbai Indians: 5.50

Chennai Super Kings: 6.00

Royal Challengers Bangalore: 7.50

Gujarat Titans: 8.00

Rajasthan Royals: 9.00

[Other teams: 10.00-25.00]

Advantages:

  • Higher odds before tournament
  • Hedge opportunities as tournament progresses
  • Long-term interest and engagement

Strategy:

Pre-Tournament Analysis:

  • Squad strength and balance
  • Recent form heading into tournament
  • Historical performance
  • Home advantage (if applicable)
  • Key player availability throughout tournament

Value Identification:

  • Look for teams in 7.00-12.00 range
  • Avoid heavy favorites (low value)
  • Consider 2-3 teams for diversification

Hedging Strategy:

Pre-Tournament:

Gujarat Titans: ₹1,000 at 8.00 (₹8,000 potential)

 

After Strong Start (GT leads table):

GT Odds: 4.00

 

Hedge Bet:

Mumbai Indians (current form team): ₹500 at 5.00

 

Outcomes:

– GT wins: ₹8,000 – ₹1,500 = ₹6,500 profit

– MI wins: ₹2,500 – ₹1,000 = ₹1,500 profit

– Other team wins: -₹1,500 loss

Top Run Scorer/Wicket Taker (Tournament)

Description: Predict leading run-scorer or wicket-taker for entire tournament.

Typical Odds:

Top Run Scorer:

Star Opener: 8.00-12.00

Consistent #3/4: 10.00-15.00

Explosive Middle Order: 12.00-20.00

 

Top Wicket Taker:

Strike Bowler: 10.00-15.00

All-Rounder: 15.00-20.00

Support Bowler: 18.00-25.00

Factors:

  • Number of matches played (team progression)
  • Batting position/bowling role consistency
  • Form coming into tournament
  • Conditions throughout tournament

Strategy:

  • Favor players from likely semi-finalists/finalists (more matches)
  • Opening batsmen and strike bowlers best positioned
  • Monitor after first week, live odds may offer value

Chapter 8: Format-Specific Market Strategies

T20 Market Strategies

Best T20 Markets:

  1. Match Winner (high variance, value in underdogs)
  2. Total Runs Over/Under (predictable on known venues)
  3. Top Batsman (aggressive openers)
  4. Powerplay Runs (field restrictions create opportunities)
  5. Most Sixes (power-hitting format)

Avoid in T20:

  • Player to score century (extremely rare)
  • Top bowler (wickets distributed more evenly)
  • Draw-related markets (N/A)

T20 Characteristics:

  • High unpredictability (smaller sample size)
  • Individual brilliance can dominate
  • Momentum swings rapidly
  • Live betting offers excellent value
ODI Market Strategies

Best ODI Markets:

  1. Match Winner (more predictable than T20)
  2. Top Batsman (openers and #3 excel)
  3. Player to score 50/100 (common milestones)
  4. Total Runs (venue averages reliable)
  5. Top Bowler (new ball bowlers often dominate)

ODI Characteristics:

  • More predictable than T20
  • Partnerships crucial
  • Middle overs often decide matches
  • Chasing advantage (DLS consideration)
Test Cricket Market Strategies

Best Test Markets:

  1. Match Winner (most predictable format)
  2. Draw (weather and pitch type crucial)
  3. Player to score century (most frequent format)
  4. Top Batsman (batting dominates)
  5. First Innings Total (pitch behavior key)
  6. Session betting (granular opportunities)

Avoid in Tests:

  • Most sixes (format doesn’t emphasize boundaries)
  • Race to X runs (not applicable)
  • Powerplay markets (no powerplay in Tests)

Test Characteristics:

  • Most predictable format
  • Pitch deterioration over 5 days
  • Weather significantly impacts
  • Session-by-session betting valuable

Chapter 9: Market Selection Strategy

Finding Your Profitable Markets

Track Performance by Market:

MarketBets PlacedWin RateROINotes
Match Winner4558%+8.5%Best market
Top Batsman3244%-3.2%Needs work
Total Runs O/U2861%+12.1%Excellent
Top Bowler1540%-8.5%Avoid
Player 50+1250%+2.3%Marginal

Analysis:

  • Total Runs O/U is most profitable (focus here)
  • Match Winner solid (continue)
  • Top Batsman needs strategy refinement
  • Top Bowler unprofitable (stop betting)

Specialization Benefits:

  • Deeper expertise in specific markets
  • Better value identification
  • More efficient research process
  • Higher long-term profitability

Market Complexity vs Experience

Beginner (Month 1-3):

  • Match Winner only
  • Total Runs Over/Under
  • Maximum 2 markets

Intermediate (Month 4-6):

  • Add Top Batsman/Bowler
  • Try Player 50+ bets
  • Experiment with 4-5 markets

Advanced (Month 7+):

  • Specialty markets
  • Live betting
  • Multiple markets per match
  • Tournament outrights

Warning: Don’t rush complexity. Master simple markets first.

Chapter 10: Market-Specific Bankroll Allocation

Risk-Based Unit Allocation

Low Risk Markets (Higher Units):

  • Match Winner (well-researched): 2-3 units
  • Total Runs O/U (clear edge): 2-3 units
  • Format: Predictable Test matches

Medium Risk Markets (Standard Units):

  • Top Batsman: 1-2 units
  • Player 50+ bets: 1-2 units
  • First innings totals: 1-2 units

High Risk Markets (Smaller Units):

  • Top Bowler: 0.5-1 unit
  • Method of dismissal: 0.5-1 unit
  • Specialty markets: 0.5-1 unit
  • Long-shot outrights: 0.5 unit

Very High Risk (Micro Units):

  • Tied match: 0.25 unit maximum
  • Exotic props: 0.25-0.5 unit
  • Entertainment bets only
Market Diversification

Don’t Over-Diversify:

Bad Approach (Too Many Markets):

– Match Winner: ₹200

– Top Batsman: ₹100

– Top Bowler: ₹100

– Total Runs O/U: ₹150

– Player 50+: ₹100

– Most Sixes: ₹50

Total Exposure: ₹700 on single match

 

Problem: Too many bets, can’t all be value

Proper Diversification:

Good Approach (Focused):

– Match Winner: ₹300 (primary bet, strong conviction)

– Total Runs O/U: ₹200 (secondary bet, independent of winner)

Total Exposure: ₹500

 

Benefit: Focused on highest-conviction opportunities

Correlation Awareness:

Correlated Bets (Avoid):

– India to Win + India Top Batsman

– If India loses, both bets lose

– Concentrated risk

 

Independent Bets (Prefer):

– Match Winner + Total Runs O/U

– Can win one regardless of other

– True diversification

Conclusion: Market Mastery for Betting Success

Understanding cricket betting markets transforms random betting into strategic advantage:

Start Simple – Master match winner and totals first  Specialize – Find 2-3 markets matching your expertise

Track Results – Know which markets you profit from

Manage Risk – Adjust units based on market difficulty

Stay Disciplined – Don’t bet every available market

Market expertise separates profitable bettors from the crowd. Focus, specialize, and excel.

Ready to Apply Your Market Knowledge?