10 Things Must Know Before Start Online Cricket Betting Id?

Despite cricket betting not being legal in India, many people still bet on the gray market. Along with this, foreign online bookmakers are working legally in India, so the demand for online cricket betting is also increasing day by day. Along with this, online cricket betting facility is also being provided in gray market/black market to make it easier for Indian punters to bet and understand its terms. If you are going to start cricket betting for the first time then it is very important for you to understand some basic terms. Here we are going to tell you 10 popular terms of cricket betting.

10 popular cricket betting terms:

When you start in cricket betting, you come across some terms which are very important to understand. Because without understanding these terms it will be difficult for you to bet. So let's take a look at 10 popular cricket betting terms:

1. What is a Bookmaker?

This term is more common during online cricket betting in India. The company that provides betting facilities is called a bookmaker. Bookmakers can be of two types: online bookmakers and land based bookmakers. Online bookmakers offer all their facilities online, while land-based bookmakers offer their facilities through betting stalls or regional offices. For example, Betway, Bet365, PariMatch, etc. are online bookmakers in India, whereas land based bookmakers are not allowed to operate here.

2. What is a bookie?

A person who organizes betting on the gray market in India is called a bookie. The job of the bookie is to accept the bets of the punters and deal with the money. Although overseas betting companies are also called bookies because they give you such a facility. In foreign countries, online betting companies are called online bookies and those operating offline are simply called bookies.

3. What is Punter / Player / Bettor?

A person betting with any bookmaker or bookie is called a punter or bettor. In India, the word punter or player is used for people who place bets, while in foreign countries, the word bettor is also used along with these words.

4. What is favorite and non favorite?

A team with a strong position before the start of a match or during a match is a favourite, while a team with a weak position is a non-favourite. The favorite and non-favourite teams may change depending on the match situation.

5. What is Odds?

In any match, a price is decided according to the strong and weak team. A rate is given before the match, but the rates of the match keep changing after the toss, after the playing XI is announced or according to the events happening in the match. For example, before the start of the India-Pakistan match, the rate is 60-61 and India is the favourite.

But if Pakistan field first after winning the toss, then these prices can go up slightly. Along with this, if the Pakistan team takes 2 wickets in the first 10 overs and takes a strong hold in the match, then the sentiment can also change and Pakistan can become favorite and India can become non-favourite. Decimal odds are available during online betting, ie 60-61 quote is shown as 1.60-1.61.

6. What is quarter, half pack, one pack, half box, one box, half hollow and one hollow?

These words are used more in India. Quarter means ₹ 2,500, half pack means ₹ 5 thousand, one pack means ₹ 10 thousand, half box means ₹ 50 thousand, one box means ₹ 1 lakh, half khokha means ₹ 50 lakh and one khokha means ₹ 1 crore. Accordingly, you can increase the units during the bet, eg: 2 Gaddi (₹20,000), 3 Gaddi (₹30,000), etc.

7. What is Back & Lay?

If you are going to bet on cricket, then it is very important for you to understand this, because the words Back & Lay are used repeatedly for betting on the match. The word put is used for betting on a favorite team and gap is used for betting on a non-favourite team. Let us understand this through an example;

Suppose India and Pakistan match is going on in which India is favorite and Pakistan is non favorite. In such a situation, if you are on the favorite team India

If you want to bet, you have to Back, while to bet on Pakistan's victory, you have to Lay.

If you bet ₹10,000 on your favorite team at odds of 1.60 (60p) and that team loses the match, you will lose ₹10,000, whereas if you win, you will get ₹6000. ) and if that team loses, you will lose ₹6000 while you will get ₹10,000 if you win.

8. What is Loss Cut/Bookset?

Let's say the team you bet on is on its way to victory. Being in a strong position, she has become well-favoured and the price has come down significantly, so the book is set to avoid any risk. Because the situation can change anytime in a cricket match and the trend of the match can be reversed anytime.

Sometimes in cricket, the non-favorite team has also been seen winning at 3 paise. That's why if you are winning some amount confirmed on any team, then set the book immediately when the rate comes down, so that if due to some reason the turn of the match is reversed then you will not have any loss.

Suppose you have bet ₹10,000 on a team at a rate of 80p and that team is winning a one-sided match, due to which the rate has come down to around 20p, then immediately you should ditch ₹10,000 on the non-favorite team.

That is, if the favorite team you bet on earlier wins the match, you will make a profit of ₹ 6,000 and if suddenly the trend of the match reverses and the other team wins the match, then you will not have any loss. Always bet more than the placed amount when setting the book, so that you get profit on both sides. This process is called loss cut/book set.

9. What is Yes/Not in Session?

There are mainly 6 overs, 10 overs, 15 overs and 20 overs sessions in any cricket match. The same sessions are also operated on phone lines in the gray market of India. For example, session 45-46 of 6 overs is open in a match and you feel that 46 or more runs will be scored, then for this you will have to say 46 yes. After this if 46 or more runs are scored then you will win this bet.

Apart from this, if you are thinking that it will be made less than 45, then for this you have to do 45 knots. In such a situation if 45 or more runs are scored then you will lose this bet. During online betting, the term Back for Yes and Lay for No are used.

10. What are Fancy Bets?

If you are betting by phone on the gray market in India, you will not get to place fancy bets other than the sessions mentioned above. But during online betting, apart from the session, many fancy bets are also available, such as how many runs will be scored in an over, how many runs will be scored in a given over, how many runs the batsman will score, how many runs the next wicket will fall before or after, Will the next wicket be caught or not, how many runs will the bowler spend, etc. In all these bets the numbers fluctuate as the match progresses, and you can bet at any time like a session.