Understanding the Betting Odds for Cricket on 10Cric
The wisest strategy is to understand what you’re getting into thoroughly before ever taking on anything. If you’re going to be betting on Cricket, then you should understand all that you can about cricket betting and cricket odds.
In this article, we’ll be taking a closer look at the cricket odds offered by betting operator 10CRIC. We’ll also be reminding you of the main types that are usually available for betting on sports.
Additionally, we’ll take a closer look at the conception that cricket odds are different from those of most sports.
As always, it’s prudent to remind you that all gambling activity has inherent risks. Please gamble responsibly, and educate yourself about the dangers before you wager.
You can’t hold us responsible for your use of any of the information or advice that we provide, and we can’t guarantee that you’ll have wagering success.
However, we do hope that you enjoy betting with this operator and that our advice and information can be useful to you.
What Is the Difference Between Cricket Odds and All Other Odds?
We’re not quite sure where the idea originated that cricket odds are vastly different from those offered on any other sporting events. However, whichever way the idea came into being it is erroneous.
There’s absolutely no truth to the rumour that cricket odds operate in a different way to those offered on other sports.
But what can you define as standard? After all, there are several different ways of expressing odds and not every operator chooses to use the same method.
To make it easier on all of us, we’ll start with a basic overview of which kinds are available on the general betting market. Most of you are probably familiar with these already. However, we’ll recap just for the sake of simplicity.
Different Kinds of Betting Odds
There are three main kinds of odds generally on offer at sports betting bookmakers. Namely, these are the money lines, the decimal and the fractional. In this section, we’ll be having a brief, but detailed, an overview of each kind, and how you can interpret it.
Moneylines are also often referred to as American odds. As you may have guessed, these are the odds that America bookmakers typically use. Sportsbooks write Moneylines in the format +120 or -80.
It takes a while to get used to Moneylines, but we’ll interpret. Bookmakers and sportsbooks write Moneylines in terms of a $/£/€100 bet.
If you spot a Moneyline with a minus, that indicates that those are the odds for the favourite. When you see a Moneyline with a plus sign, you’re looking at the odds for the underdog.
But how do you interpret them? As we’ve mentioned, they’re written in terms of a $/£/€100 bet.
If the Moneyline is +120, you have to risk $/£/€120 to stand a chance of winning $/£/€100. If the Moneyline is -80, then you have to risk $/£/€80 to stand a chance of winning $/£/€100.
We’ll be taking a closer look at how to convert unfamiliar odds into a type that you’re familiar with a little further below.
The decimal odds are a system that’s generally used in continental Europe and other places associated with the European mainland. To be clear, that’s places like New Zealand, Canada and Australia.
While bookmakers write Moneylines in terms of a $/£/€100 wager, they write decimals in terms of a $/£/€1 stake. Whichever the currency that you’re using to wager with, it represents one thereof. Let’s have a closer look. A set of decimal odds would be written in the format 11.00.
To be concise, 11 was a randomly-chosen number. Here’s how it works. If you were to stake $/£/€1 on decimal odds of 11.00, you would earn $/£/€11 if your wager were successful. Similarly, at 15.00 or 6.00, you would make $/£/€15 or $/£/€6 respectively.
As you can see, this is a particularly easy system to understand.
Fractional odds are the kind that’s preferred in Great Britain and Ireland. They’re also referred to as British, traditional, and UK odds. As was the case with decimal, bookmakers write this type in terms of a $/£/€1 wager.
Perhaps you have a set of fractional odds written in the format 5/1. You can interpret them as 5 to 1. In simpler terms, for every $/£/€1 that you wager you stand the chance of winning $/£/€5 profit.
You’ll be getting $/£/€6 back—your original $/£/€1 stake plus $/£/€5 extra.
Before we get into the details about cricket odds on 10CRIC, there’s one last thing that we need to look at.
Converting Between Different Kinds of Odds
It’s always fantastic to be able to understand the different kinds of odds on offer. However, not every bettor takes to every kind equally well.
Not only that, but it’s easier to calculate the probability of a win on some types than on others.
In this section, we’ll be explaining how to convert one type into another. By using these methods, you’ll always have access to your preferred version – irrespective of whether the operator allows you to change between types.
We’ll be giving you basic instructions on how to convert the odds. However, if mathematics isn’t your thing, then automatic converters are available online.
Decimal to Fractional
Simply subtract one from the decimal. Convert the decimal to a fraction, and reduce the fraction to its simplest form.
1.25 = .25 = ¼
Fractional to Decimal
To convert fractional to decimal, simply reverse the process. Convert the fraction to a decimal and add one.
¼ = (¼) + 1 = (0.25) + 1 = 1.25
Moneyline to Fractional
If the Moneyline is positive, divide it by 100, and reduce the resulting fraction to its simplest form.+125 = 125/100 = 5/4
If the money line is negative, divide 100 by the money line instead. Again, simplify the resulting fraction.
-300 = 100/300 = ⅓
Fractional to Moneyline
Converting fractional to Moneylines is a simple process. For odds over 1/1 convert the fraction to a decimal and multiply it by 100. If they’re under 1/1, divide the -100 by the fraction (in decimal format).
Moneyline to Decimal
If the Moneyline is positive, then simply divide it by 100 and add 1. However, if the Moneyline is negative, divide 100 by the Moneyline and add the resulting value to 1.00.
Decimal to Moneyline
If the decimal that you’d like to convert has a value of 2.00 or higher, subtract one from the decimal number and multiply the result by 100.
If the decimal has a value of less than 2.00, simply divide -100 by the results of the decimal number minus one.
You now know how to convert odds from one type to another.
What Are Cricket Odds in 10Cric and How Do They Work?
10Cric offers matches from the various world tournaments to some more localised cricket matches. If you were to open the 10Cric sports betting screen, you’d see a full list of sports on the left-hand side of the screen.
By navigating to the cricket tab, you’d have access to all of the various odds on offer – the default layout is fractional. However, if you look in the upper right corner of the betting screen, it typically gives you the option to convert from fractional to decimal. You could also choose to use Moneylines.
If you’re familiar with them, you could also decide to use Hong Kong, Malaysian or Indonesian formats. These are niche varieties, so we haven’t discussed them in detail.
However, if ever a moment arises when the converter isn’t operating correctly, or you’d prefer to use Moneylines, you can make use of the techniques shown above.
As mentioned previously, the odds aren’t indicative of whether or not a team might win. Instead, they’re indicative of the probability that the bookmaker and other sports bettors place on each side.
You can easily calculate your potential winnings based on whichever kind of probability you’re looking at.
When you’re betting on 10Cric, you can simply choose which team you’d like to bet on by clicking on the appropriate set of odds.
In the following section, you’ll find out how you can interpret the odds that are available to see which team the bookmaker believes will win.
Using 10Cric Cricket Betting Odds to Calculate Probability
When it comes to betting odds, the probability is implied rather than explicitly stated – they’re not truly a representation of the likelihood of a team winning.
Instead, they’re a representation of the probability that the bookmaker believes is accurate for a team winning. For example, a team that hasn’t won a match in 3 years may have very high odds. Why? Perhaps the team has a new coach and many sports bettors are betting on the team in the hopes of a win. In this case, the odds would be high not as a result of actual win likelihood, but as a result of many people believing that there’s a likelihood of the team winning.
Determining which team most people believe is most likely to win is generally very simple. When you’re looking at Moneyline, the team with the lowest negative number on the list is the team that people believe will likely win. In reverse, the one with the highest positive number is considered the least likely candidate for victory.
When you’re looking at decimal, the candidate with the highest decimal number is a favourite for the win. The candidate with the lowest decimal number has the lowest probability according to public perception.
In fractional, the underdog will have the highest number in relation to 1. For example, a 2/1 candidate is favoured for a win, while a 10/1 candidate is favoured for a loss.
Using Betting Odds to Calculate Winnings
Calculating winnings from your betting odds is a relatively straight-forward process that we’ve already discussed in minor detail.
- When you’re looking at fractional odds, and you have odds of 5 to 1, represented as 5/1, you earn an extra $/£/€5 for every $/£/€1 that you wager.
- If you’re looking at decimal odds of 11.00 you earn $/£/€11 for every $/£/€1 that you wager.
- When you’re using Moneylines and looking at a negative number, you need to wager that number to stand a chance of winning $/£/€100.
- If you’re looking at a positive number, then you could win that amount for every $/£/€100 that you stake.
Decimal Odds Versus Fractional Odds
As we mentioned previously, 10Cric offers both decimal and fractional odds. You may be wondering whether there are disadvantages or advantages to using either of these systems.
In our humble opinion, decimal odds and fractional odds are simply two different ways of expressing the same thing.
After all, fractional and decimal odds are the same as fraction and decimal numbers. You can switch them with ease, and use whichever one you prefer.
The only real advantage to either one of them is that you’re likely to find one of them easier to read and understand at a glance. Beyond that, there’s no real difference.
We hope that you’ve enjoyed this article about using cricket betting odds on 10Cric. We also hope that you now have a fuller understanding of how cricket betting odds work.
Wherever you go from here, please remember that cricket odds are the same as those for any other sport. And, speaking of odds, may they ever be in your favour.