A Complete Guide To Cricket World Cup Betting

Betting online on the outcome of a sporting event is part and parcel of just about every race, game, or match. It’s excellent entertainment, adding an additional layer of excitement to the proceedings. Cricket is amongst the most commonly bet on sports, especially when it comes to the ICC Cricket World Cup and T20 World Cup.

The next Cricket World Cup will be played at the end of 2024. So, it goes without saying that cricket betting enthusiasts are already discussing which the best teams are, and what the smartest bets will be. For those new to Cricket World Cup betting we’ve put together this helpful guide. We’ll be taking a closer look at cricket betting odds and how they work, as well as providing a few basic cricket betting tips.

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The International Cricket Council

The International Cricket Council (ICC) is the largest, most respected conglomerate of cricket playing countries in the world. The ICC is responsible for organising and overseeing all major cricket tournaments, with the Cricket World Cup being the most anticipated.

The ICC was originally established in 1909, founded by England, Australia and South Africa. As time progressed and cricket increased in popularity, a number of other countries joined.

ICC World Cup Betting Guide

For Kiwis, putting down a bet on cricket is relatively easy, with dozens of online sportsbooks like the highly reputable Betway New Zealand, happy to accept wagers. But there is a big difference between putting a bet on a favourite team to win, and putting down a smart bet that is likely to succeed. Smart bettors need to look at odds, betting options, and basic betting strategies.

Cricket World Cup Odds

Cricket World Cup betting is based around odds. Odds are assigned by a sportsbook to indicate not only how likely a bet is to succeed, but also how much will be paid out should that bet succeed. The core idea of sports betting is that the more risk taken, the higher the payout. The less risk taken, the lower the payout. It is this principal that keeps betting exciting, balances out betting markets, and allows sportsbooks to stay in business.

Let’s understand how Cricket betting odds work. If using $10 as a basic unit of betting, although other amounts are also valid, odds of 1/2 are fairly unfavourable. A bet of $10 will return a payout of just $15. That is $5 in profit, plus the original $10.

Odds of 1/10 are much more favourable, but will come with significantly more risk. Favourable Cricket World Cup odds, as with all odds, generally indicate an underdog team. But a bet of just $10 will grant payouts of $110. That’s $100 profit plus the original $10.

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Betting Options

Cricket betting is extremely broad, with numerous interesting options available for Kiwi punters. The ‘To Win’ option is what most beginner bettors default to, which is fine. But it should be kept in mind that some of the other options are also worth a look. Bets can be put on which player will be the man of the match, which player will score the most runs, if a guessed run total will be above or below the actual total, and much more.

Expert Predictions

Before putting down Cricket World Cup bets smart bettors first consult the experts. Virtually all sportsbooks provide predictions, with experts collaborating to indicate how they think a match will turn out.

Of course, all Cricket World Cup bets would be successful if the predictions were always right. Given how unpredictable cricket can be even seasoned experts don’t always predict accurately. So, it’s a good idea to listen to sportsbook predictions, but ultimately to come to an independent conclusion. Each sports book has their own approach to determining odds, so make sure that when you sign up to a sportsbook that you investigate how they determine their odds and if their approach fits your strategy well.

Strategies And Cricket Betting Tips

Here are a few Cricket World Cup tips. Basic tips go a long way in making bets smarter, and therefore more likely to succeed.

Researching Team History

It goes without saying that it is a good idea to check recent team performance and history. Is an underdog doing particularly well or is a favourite team showing signs of deterioration?

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Other Important Indicators

There are a number of other Cricket World Cup tips that should be taken into account, such as weather, home team advantage and going the distance. It is never clear how much each factor will impact the overall game, but at least acknowledging these factors is important.

Home team refers to the team that is playing in their native country. Teams often perform far better at home, especially if they’re in a stadium they’re familiar with. Anyone engaging in ICC betting would be wise to keep this in mind.

Weather conditions are also extremely important. If a team is used to hot, dry conditions, how much of an impact will rainy weather change their performance? The answer is a great deal.

Lastly; can a team go the distance? Will the team still be performing as well in the later legs of the tournament, after they’re fatigued?

Betting Strategies

If a casual fan wants to bet on cricket, chances are they will simply choose their favourite team to win. This is fine, especially if the bet is nothing more than a bit of fun. But for those that want to take things to the next level and bet smart, there are plenty of strategic factors to take into account.

Bet diversification refers to putting multiple bets across various different options. If one bet fails, there is a chance the others will still succeed.

Following the news closely is another good idea. Small details, player performance reports and other news can give clues as to how future games will play out.

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