Cricket is by far the most popular sport in India. Therefore, it’s no wonder that the demand for cricket betting is huge. It is that huge that yearly turnovers measure in billions of dollars. So, it’s no wonder that many consider cricket betting as a kind of parallel economy. In this article, we will introduce you to some of the basics, such as ways of betting, payment methods and other things.
How to bet on cricket?
If you’re from this part of the world, there is no need for explanations. If you’re not, things are anyways pretty simple. Practically, there are two main ways of online cricket betting. The first one is to bet on the outcome of the entire match.
The other way is to bet on the outcome of six overs. In this way, you put bets on the number of runs that will be scored during a limited time. Naturally, you can practice live betting in this case as well, though the odds could change during a cricket match.
How about the odds?
If you have at least some experience in betting, you know that there are different odd types in use. There are fractional, decimal and American odd types. Decimal odds are the most popular across the world, including India. They are also easiest to understand, as a certain odd show how much money you will win for a 1$ wager. For example, if the odd is 2.7, you will get 2 dollars and 70 cents. If the odd is 1.7 and you wager 100 dollars, you may count on 170$ win and so on. Knowing the rules should help you with potential bettings.
Where can you do cricket betting?
There is a great number of bookmakers that offer cricket betting. Still, my recommendation is to stick to the most renowned houses. Some of the biggest names in the business are bookmakers like Betway, 22bet, Royal Panda, Bet365 etc.
Although gambling is formally illegal in most states in India, the thing with all these online bookmakers is that they are registered in other countries. Therefore, online betting, including cricket is actually in the gray zone. It’s not legal, but there is no act that strictly forbids online gambling. According to various researches, most Indians prefer UK-based bookmakers.
Once you’ve created an account, it’s time to select a payment method, because there is no such thing as putting bets on credit. You need to have funds in your account in order to bet. Of course, the number of options largely depends on the country you live in. If you live in India, you can’t count on too many of them, but the number is still relatively decent.
Of course, you can use your debit and credit cards, but there is also a wide range of Ewallets in the offer. Some of the most popular are Neteller, Skrill, EcoPayz etc. You can also get pre-paid cards, that are usually offered by the same companies that offer Ewallet options.
All three options have advantages and disadvantages. Still, if we presume that fast payments and withdrawals are your priority, Ewallet would be the best pick overall.