Cricket Betting Odds in Pakistan

Probable outcome of cricket betting at BookiesPK

Cricket betting odds are a fundamental concept any bettor should be familiar with. They are expressed as numbers, indicating the potential return for the successful bet. A lower number indicates a higher likelihood of the result happening, whereas a higher number means a less likely outcome. Learn how to calculate cricket betting odds and discover what factors influence them. Check out the best cricket betting sites in Pakistan at bookiespk.com.

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Bookmakers with the Highest Cricket Odds in Pakistan

Our website is a valuable place for anyone looking for bookmakers with the highest odds for cricket bets in Pakistan. Below, you can see sites with a wide range of cricket betting markets, great odds, and generous welcome offers.

Main Betting Odds Formats

If you are new to cricket betting, understanding how odds work is the first thing you need to familiarize yourself with. The three types of sports betting odds include:

In Pakistan, Fractional and Decimal odds are the most commonly used formats, with a strong preference for Decimal odds among casual bettors and bookmakers.

Fractional odds are typically shown as two numbers with a slash between them, such as 5/4, 6/5, 10/11, and 25/1. Odds-on selections will display the greater number on the right, such as 4/5, while odds-against selections will show the higher number on the left, such as 6/4.

Decimal odds, like 1.63, 2.02, 2.50, and 3.10, provide bettors a simple way to figure out their winnings. In decimal odds, anything priced at 1.99 or less is an odds-on bet, and 2.00 is even money.

Moneyline odds are also known as American odds or US odds. The figure quoted will be either positive or negative. When they are shown with a “+” sign, it means how much you would win on a stake. When they are shown with a “–” sign, it means how much you would have to stake to win.

Cricket Betting Odds and Rates: Full Explanation for Pakistani Bettors

Cricket is a complicated sport with multiple influencing factors. The probability of something occurring is calculated by taking all of these variables into account. The betting website considers team performance, the players and their stats, pitch type, and weather conditions when calculating odds for a particular match.

Let’s take a look at the example – a Match Winner bet in a T20 match featuring India and Australia. Their odds are:

If you place a 100 PKR bet on India, you will receive 180 PKR back if India wins (100 x 1.80). Conversely, a 100 PKR bet on Australia would return 220 PKR (100 x 2.20).

Another example is a Top Batsman bet. Let’s say the odds for the top batsman market are:

A 50 PKR bet on Kohli would yield 175 PKR (50 x 3.50) if he scores the highest runs. Likewise, a 50 PKR bet on Smith would provide 200 PKR (50 x 4.00).

The likelihood of the event happening is higher when the odds are lower, according to the bookmaker’s estimation. Oppositely, greater odds mean a lower possibility. In order to make well-informed decisions, Pakistani bettors should evaluate the odds and determine the likelihood of the outcome.

Using the given odds, you can determine the implied likelihood of a particular result. To determine the implied probability for decimal odds, divide 1 by the decimal odds, then multiply the result by 100. As an example, 50% is the implied chance when the odds are 2.00. In order to find possible value bets, bettors can compare this implied probability to their estimation of the outcome’s likelihood.

Major Types of Cricket Bets, Odds, and Rates

Depending on the match and the likelihood of that event happening, there are many betting markets for cricket that have varying rates. An outline of popular cricket sports markets that you will undoubtedly like is provided below:

Match Result
This is the most common bet type. Your task is to decide which team will win the match. Since the event can end in a draw, you also have that choice;
Finished Match
Cricket heavily relies on the weather, so the match can be postponed in case of a rainstorm or other troubles. Your main objective is to guess it. You should predict whether the event will end today, tomorrow, or later;
Innings Runs
Cricket events are split into divisions called innings. There is a limit to how many runs any of them can have. In order to bet on innings runs, you should estimate the number of runs that could be scored in the first inning. Similar to points in other disciplines, that’s what many bookmakers refer to as Over/Under;
Top Batsman/Bowler
A cricket sportsman can be named the event’s finest bowler or batter. It occurs for the most significant number of wickets or points scored, respectively. The fact that you should select from a dozen or more players is the challenge;
Batsman/Bowler Match Bets
Bettors are still required to predict which player will win the match, but now they are only presented with two options by the bookmaker. So, you’re wondering which of these two will be at the top of the line for the title;
Team of the Top Batsman
You don’t have to choose among the athletes who are currently playing. This time, you should decide the player from which team will be named the best batsman;
Tournament Champion
After checking the list of teams for a tournament, you place a bet on the one that will win the final;
Series Winner
Often, professional teams have several matches in a row. You need to predict which team can win the most matches in this series;
Series Score
Another kind of cricket bet that can be of interest to you if you enjoyed the idea of a streak. The bookmaker evaluates the circumstances and projects the teams’ final series score before the match begins. Competing with the betting website, you should predict whether the score will be higher or lower than the one that has been announced;
Win Toss
A fun bet, where bettors predict which team will win the coin toss at the beginning of the match;
Toss Combination
Bettors have to guess two options at once: which team will win on the coin toss and which side the team will choose;
Man of the Match
It’s the most prestigious title a sportsman can get in the match. Your task is to guess which sportsman can be titled as the best one on the field.

Factors Influencing Cricket Betting Rates

Determining the probability of a winning cricket bet is complex, as it involves considering a multitude of factors that can influence the outcome. You can see the most significant statistical aspects below:

Team Performance
Teams that have been playing well lately are frequently thought to have a better chance of winning;
Player Form
Individual performances are very important. There is a greater chance of success for a team whose players are in form and have been regularly taking wickets or scoring runs;
Match Conditions
Rain or a cloudy sky are examples of weather conditions that might impact a team’s or player’s performance and then change the result;
Head-to-Head Records
When facing certain rivals, teams frequently exhibit specific dynamics. Teams’ past performance data versus one another can be derived from head-to-head records;
Injuries and Team Composition
Player injuries have an impact on the team’s prospects. The availability of key players and the overall team composition are critical factors;
Match Format
Different tactics and skill sets are needed for the various match types (Test, ODI, and T20). Teams may perform differently depending on the format;
Home Advantage
A cricket team frequently gains a psychological edge when it plays at home. They may perform better because they have local support and are familiar with the conditions;
Unforeseen Events
Cricket has a reputation for being an unpredictable sport. The result of the match can be greatly impacted by unforeseen circumstances, such as outstanding individual performances or tactical choices;
Bookmaker Odds and Expert Opinions
To determine odds for competitions, betting sites consider statistical models, past data, and professional judgment. Monitoring these odds provides an indication of the perceived probability of betting markets;
Dynamic Nature
Because cricket tournaments are dynamic, the winning odds might fluctuate drastically throughout a match. The anticipated outcome may change as a result of stressful situations and momentum changes.

Win Probability and Cricket Rates: Detailed Description

The last thing the Pakistani bettor needs to master before starting to spend real funds on cricket bets is how to calculate a probability. Let’s examine the easiest example – the coin flip. When you toss a coin, there are two possible outcomes:

Probabilities in mathematics are represented by numbers ranging from 0 to 1. You multiply the chance by 100 to express it as a percentage, which is how most of us are more accustomed to seeing it. Accordingly, the likelihood of the coin falling on heads in the scenario above is 0.5 (1 outcome / two possible outcomes = 0.5).

A 50% result is obtained by multiplying this by 100. To calculate the likelihood from a percentage, you should reverse the process. You would just divide 50% by 100 in the example above to get a chance of 0.5.

After becoming proficient with percentages and probabilities, a Pakistani bettor can begin translating them into odds. For the sake of simplicity, we’ll assume that you are already aware of the likelihood. Convert it using the preceding instructions in case you have a percentage. One divides the probability by one to find the odds:

Knowing the probability of anything happening is beneficial since it will give you a clear idea of what cricket odds are.

Final Words

Understanding cricket betting odds is crucial to being able to fetch the best possibilities and improve your winning probabilities. We recommend using decimal odds, as they are the easiest in terms of interpretation. Select a reliable betting website in Pakistan from our list and try to calculate the odds of success for any cricket event. With info from our experts, it shouldn’t be difficult.