Did you know? Sports betting covers all the major events like football, basketball, and tennis, both online and in sportsbooks. (Statista)
Today, we are surrounded by numerous means of entertainment that are constantly becoming more captivating to enhance audience retention.
And among them, cricketing events are most popular when it comes to adding engaging elements and unlocking huge rewards with Reddy Anna Book.
Sports enthusiasts are growing enormously, and their play style is also evolving with time, and handicap betting approach is becoming a new trend that is enabling more profit for the players.
In this blog post we are going to talk about this strategy more comprehensively, providing valuable insights to the readers.
Let’s begin!
Key Takeaways
Understanding everything about handicap strategy in cricket betting
Exploring numerous reasons to use this approach
Discovering varied types of handicap betting methods
Looking at some real-world examples
Unfolding all the common mistakes that are made by bettors
The end note
What is Handicap in Cricket Betting?
In handicap betting, the stronger team begins with a disadvantage, and the weaker team has an advantage. The primary goal of this approach is to create a fairer situation for both teams and stabilize the odds. For instance, when India and Ireland compete in a T20 match and India is the clear favorite, bookmakers might set the handicap at -6.5 wickets for India.
After your extensive planning, your bet will win if India triumphs by more than 6.5 wickets or if they are required to score fewer than 6.5 runs after they begin batting. In addition, if you back Ireland with a +6.5 handicap, you will win as long as Ireland either victories the game or loses by a difference of less than 6.5 wickets.
Intriguing Insights This infographic shows the global cricket betting market size
Why Use Handicap Betting?
Value in One-Sided Matches: When one competitor is viewed as the favorite, standard odds typically don’t yield good returns. You can discover better odds and more engaging bets through handicap betting.
Enhanced Strategy: It encourages bettors to consider margins, rather than just focusing on the possible outcomes.
Exciting Edge: Although you might easily predict the result of certain games, handicaps make the betting more fun.
Types of Handicap in Cricket Betting
Type
Explanation
Runs Handicap
Benefits players who have more runners on the field. Fits the needs of leading limited-overs matches.
Wickets Handicap
Offers a good opening for the mark batsman or a good recovery chance for the man already out.
Overs Handicap (Live Betting)
Overs shown in the betting market are the most important factor in live betting.
Real-World Example
We’ll look at the situation where Australia faces Zimbabwe in an ODI. Odds can be presented as something like this:
Australia -35.5 runs @ 1.90
Zimbabwe +35.5 runs @ 1.90
You need Australia to win by 36 runs or more if you bet on Australia -35.5. If you lose by a smaller margin or the team loses, you lose.
In such matches, picking the team with a big advantage, rather than purely Australia, is likely to be more advantageous.
Interesting Facts The total sports betting market covers all activities where customers place bets on sports events, conducted either in-person at physical betting locations or online through websites and mobile applications. (Statista)
When to Use Handicap Betting in Cricket?
Using handicap betting in Cricket is a very strategic approach but incorporating it on various situations makes the most out of your predictions.
It would be normal for a match to go in just one team’s direction.
You believe the team is going to win well.
Your goal is to do better than the simple win markets.
You’re aware of what each team is good at and what it struggles with
Advantages of Handicap Betting
Odds that are the same or almost the same on both sides
Better chances to gain from predictions about margins
Makes it possible to plan more deeply from a strategic perspective
Helps you stay interested throughout the entire match
Common Mistakes to Avoid
Although there are multiple mistakes that a player can make but after gathering numerous data analytics, you might make one of the following:
Hearing the sports betting predictions, while not understanding how handicaps work
Overlooking the weather or the state of the surface, if it matters for final results
Refusing to pay attention to how players or teams are doing
Relying on your feelings instead of your thinking
Conclusion
For those who like to bet on cricket, handicap betting brings exciting new tactics. If you have an idea of who is likely to win, this type of bet is ideal and can provide better returns. Success in gambling relies on the same principles as any strategy: maintaining discipline, conducting research, and avoiding irresponsible gambling practices.
Whether you’re an experienced gambler or just starting out, handicap betting can offer you an edge in the competitive betting environment. If you want a secure and easy place for betting, Reddy Anna Book has live odds and expert backup all on the same site.
Frequently Asked Questions
Q1 Is cricket betting profitable?
Ans: Yes, it is profitable, but it requires extensive knowledge, disciplined bankroll management, and the ability to identify value bets consistently.
Q2 What is the success rate of betting?
Ans: A win rate of around 52-53% can be enough to break even, but to make a profit, you may need a win rate of 55-60% or higher, depending on your strategy.
Q3 How many people bet on cricket?Ans: Due to the magnitude of betting in India, with an estimated 350,000,000 people betting each year on the IPL, the government is under pressure from several quarters to legalize and tax it.
