This means if Steven Smith scores runs in the series, you would win your spread bet by 80 runs. This is why it is imperative you fully understand what you are doing before you place any spread bets. If you feel you are ready to start spread betting on cricket, you can open a Sporting Index account here , and claim the new customers welcome bonus.
Cricket Spread Betting Explained. Table of Contents show. Keep what you win. Market restrictions and 7 day time limit apply. Full terms here. Account opening subject to suitability checks. You can earn free bets, discount deals, cash back offers and loyalty points by signing up with the top spread betting operators. We give due emphasis to promotional deals and platforms with lucrative offers usually find themselves on top of our recommended list.
Are you a predominant card user or prefer making payments through bank wire? Digital wallets too are a massive hit among punters belonging to the younger generation. In an ideal scenario, you should sign up with a cricket betting operator which offers a diversified range of payment solutions.
You should also take into consideration the minimum deposit and maximum withdrawal amount. The higher the withdrawal cap is, the quicker you will be able to encash your earnings — if you are a high-stake gambler. Hacking and other forms of security vulnerabilities are a common occurrence in the online gambling market.
Site interface, functional navigation, and helpful features can enhance the user experience to a great extent. An easy to use platform gives the punters confidence, while a cluttered one kills the entertainment factor. With the rapid rise in the popularity of smartphones, many betting platforms are trying their best to tap in mobile users. Responsive design, dedicated apps, and mobile app bonuses are becoming common to lure ardent smartphone users. Moreover, there is no denying the fact that mobiles bring portability.
It allows you to keep up with the proceedings on the move. Like any service-based business, customer support plays a key role in online cricket betting. The customer support team is the face of a spread betting platform to the players. It offers the assurance that there is someone to look after their issues and complaints. Want to understand the nitty-gritty of cricket spread betting?
Spread betting is basically a derivative strategy. The platform would offer its own prediction on a match situation — usually in the form of a range. The players are to decide whether the prediction would come true or not. The objective is to stay closest to the final outcome. When it comes to cricket spread betting, you can be assured to find all formats in the mix, i. Top spread betting platforms cover all international cricket matches, including but not limited to ICC world cup, bilateral series, multi-nation tournaments, and international cricket leagues like IPL, Big Bash, and CPL.
The range of bets largely depends on the specific platform. There are a few that offers different betting markets for a single cricket match. Cricket is an all-season game. No matter which month of the year it is, you can be assured to find an on-going cricket match. Passionate cricket bettors know the forthcoming schedule like the back of their hands. If you are an aspiring cricket better and want to keep yourself up-to-date with the upcoming events, then do keep an eye on this section.
The most famous T20 cricket league in the world, the Indian Premier League is scheduled to get off the mark on 23rd of March. The tournament is back in after a hiatus of 4 years. England is hosting the cup this time around and it will have 10 top cricket teams fighting for the ultimate glory. Our platform allows people to give their opinion on betting services to help others find the best service for their needs.
We provide an independent comparisons and may receive a form of compensation for including some companies in the tables. Cricket Spread Betting Cricket is arguably the most suitable sporting discipline for spread betting, especially when it comes to Test Cricket — where an outright win-loss result is often out of question.
Top Cricket Spread Betting Platforms While fixed odds betting has been in the market for quite some time, the concept of spread betting is relatively new. Recommended Casino Sites. Bet Now. Rabona Casino.
In a sporting event a strong team may be matched up against a historically weaker team; almost every game has a favorite and an underdog. If the wager is simply "Will the favorite win? The point spread is essentially a handicap towards the underdog. The wager becomes "Will the favorite win by more than the point spread?
This allows a bookmaker to act as a market maker by accepting wagers on both sides of the spread. The bookmaker charges a commission , or vigorish , and acts as the counterparty for each participant. As long as the total amount wagered on each side is roughly equal, the bookmaker is unconcerned with the actual outcome; profits instead come from the commissions.
To profit, the bookmaker must pay one side or both sides less than this notional amount. In practice, spreads may be perceived as slightly favoring one side, and bookmakers often revise their odds to manage their event risk. One important assumption is that to be credited with a win, either team only needs to win by the minimum of the rules of the game, without regard to the margin of victory.
This implies that teams in a winning position will not necessarily try to extend their margin—and more importantly, each team is only playing to win rather than to beat the point spread. This assumption does not necessarily hold in all situations. For example, at the end of a season, the total points scored by a team can affect future events such as playoff seeding and positioning for the amateur draft, and teams may "run up" the score in such situations.
In virtually all sports, players and other on-field contributors are forbidden from being involved in sports betting and thus have no incentive to consider the point spread during play; any attempt to manipulate the outcome of a game for gambling purposes would be considered match fixing , and the penalty is typically a lifetime banishment from the sport; such is the lack of tolerance for manipulating the result of a sporting event for such purposes.
Spread betting was invented by Charles K. McNeil , a mathematics teacher from Connecticut who became a bookmaker in Chicago in the s. An example:. Spreads are frequently, though not always, specified in half-point fractions to eliminate the possibility of a tie, known as a push.
In the event of a push, the game is considered no action , and no money is won or lost. However, this is not a desirable outcome for the sports book, as they are forced to refund every bet, and although both the book and its bettors will be even, if the cost of overhead is taken into account, the book has actually lost money by taking bets on the event.
Sports books are generally permitted to state "ties win" or "ties lose" to avoid the necessity of refunding every bet. Betting on sporting events has long been the most popular form of spread betting. Whilst most bets the casino offers to players have a built in house edge, betting on the spread offers an opportunity for the astute gambler.
When a casino accepts a spread bet, it gives the player the odds of 10 to 11, or That means that for every 11 dollars the player wagers, the player will win 10, slightly lower than an even money bet. If team A is playing team B, the casino is not concerned with who wins the game; they are only concerned with taking an equal amount of money of both sides. This is the house edge.
The goal of the casino is to set a line that encourages an equal amount of action on both sides, thereby guaranteeing a profit. This also explains how money can be made by the astute gambler. If casinos set lines to encourage an equal amount of money on both sides, it sets them based on the public perception of the team, not necessarily the real strength of the teams. Many things can affect public perception, which moves the line away from what the real line should be.
This gap between the Vegas line, the real line, and differences between other sports books betting lines and spreads is where value can be found. A teaser is a bet that alters the spread in the gambler's favor by a predetermined margin — in American football the teaser margin is often six points. For example, if the line is 3. In return for the additional points, the payout if the gambler wins is less than even money , or the gambler must wager on more than one event and both events must win.
In this way it is very similar to a parlay. At some establishments, the "reverse teaser" also exists, which alters the spread against the gambler, who gets paid at more than evens if the bet wins. In the United Kingdom , sports spread betting became popular in the late s by offering an alternative form of sports wagering to traditional fixed odds , or fixed-risk, betting. With fixed odds betting , a gambler places a fixed-risk stake on stated fractional or decimal odds on the outcome of a sporting event that would give a known return for that outcome occurring or a known loss if that outcome doesn't occur the initial stake.
The spread on offer will refer to the betting firm's prediction on the range of a final outcome for a particular occurrence in a sports event, e. The more right the gambler is then the more they will win, but the more wrong they are then the more they can lose. The level of the gambler's profit or loss will be determined by the stake size selected for the bet, multiplied by the number of unit points above or below the gambler's bet level.
This reflects the fundamental difference between sports spread betting and fixed odds sports betting in that both the level of winnings and level of losses are not fixed and can end up being many multiples of the original stake size selected.
For example, in a cricket match a sports spread betting firm may list the spread of a team's predicted runs at — If the gambler elects to buy at and the team scores runs in total, the gambler will have won 50 unit points multiplied by their initial stake. But if the team only scores runs then the gambler will have lost 50 unit points multiplied by their initial stake. It is important to note the difference between spreads in sports wagering in the U.
In the U. In the UK betting above or below the spread does not have a known final profit or loss, with these figures determined by the number of unit points the level of the final outcome ends up being either above or below the spread, multiplied by the stake chosen by the gambler. For UK spread betting firms, any final outcome that finishes in the middle of the spread will result in profits from both sides of the book as both buyers and sellers will have ended up making unit point losses.
So in the example above, if the cricket team ended up scoring runs both buyers at and sellers at would have ended up with losses of five unit points multiplied by their stake. This is a bet on the total number of points scored by both teams. Suppose team A is playing team B and the total is set at If the final score is team A 24, team B 17, the total is 41 and bettors who took the under will win.
If the final score is team A 30, team B 31, the total is 61 and bettors who took the over will win. However, if they then built a huge third wicket partnership with maybe even a century thrown in for good measure, the spread may keep ticking upwards to around — These constantly moving prices allow you to use your nous and anticipation to open or close bets at key times when you think there may be value on offer.
Runs markets — be those team runs, player runs, session runs etc. However, there are plenty of other options too. Here each player is given a spread based on points being awarded as follows; 1 point per run scored, 10 points per catch, 20 points per wicket and 25 points per stumping. So a wicket keeper who bats well Jos Buttler or Brad Haddin anyone? As well as the regular markets, there are dozens of spread betting specials to play on with Spreadex. Joy of Six markets offer 25 points per six scored by a player in a named group or you can bet on how many runs one team will be leading over the other at the end of the first innings via the 1st Innings Supremacy markets.
And to complement the spreads, Spreadex of course has a full traditional fixed odds cricket betting service. Again all these markets are offered in-play allowing you to open and close bets at any time while the match is in progress. Couple this with a dedicated iPhone sports betting app and mobile and tablet optimised sites for both iOS and Android, then Spreadex really does have the full cricket betting package on offer.
Promoted by Spreadex - click here to open an account. It may not be suitable for everyone so please ensure you fully understand the risks involved. Spreadex Ltd is authorised and regulated by the Financial Conduct Authority, provides an execution only service and does not provide advice in any way. Nothing within this blog post should be deemed to constitute the provision of investment advice, recommendations, any other professional advice in any way, or a record of our trading prices.
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