Cricket Betting Markets for Dummies: 2 – Match Winner Markets

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There are two types of markets. Pre-Match markets and In-Play markets. The Match Winner market is open in both. So it’s good to explain them first.

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Pre-Match

The markets which are open before the start of the match, like who’ll be the Man of The Match or Which Team Will Win the Toss etc. Once the match begins these markets will be closed. The Odds won’t change much for these markets.

In-Play

The markets which are open when the match is happening. The Odds for these markets are updated real time based on the current match situation.


Match Winner market

As you know there are 3 variants to a Cricket match; Test, One Day and T20. Match Winner markets are the one, where you choose the Winner of the match of your liking. As I have mentioned above, Match Winner markets open in both Pre-Match and In-Play markets.

Let’s assume Team A and Team B are playing.

Test Matches

A test match happens over 5 days. There are 4 results possible. Team A Win, Team B Win, Draw and Tie.

But there are only 3 options available for you to choose. Team A win, Team B Win and Draw.

When one Team wins
If Team A defeats Team B then whoever took a bet on Team A makes a profit. The ones who opted the Draw or Team B loses.

Draw
A draw happens in test Cricket when all the 4 innings (2 for Team A and 2 for Team B) are not complete within the allocated 5 days. In that case people who had chosen the Draw makes profit. Others choosing Team A or B makes a loss.

Tie
A Tie happens when both teams complete their respective 2 innings and the scores are level. But this is a rare and tricky scenario. Some bookmakers consider this as a draw, while the other bookmakers consider this as Dead Heat (Explained at the end of the page). So check your bookmaker’s settlement rules for this.

Other Scenarios
When a test match is abandoned because of rain, crowd riots or unfavorable playing conditions; Each bookmaker follows different settlement rules. But I’ll explain you the general scenarios.

1) If it rains and the Toss itself didn’t even happen all bets are void and your bet is returned. (If your bookmaker considers this as a Draw it’s clearly cheating)

2) Toss happens but not even a single ball bowled: This is the most confusing aspect. Few bookmakers consider this a draw. Generally all bets are void.

3) At least a ball being bowled: As per international rules it’s a Draw.

4) Unfavorable playing conditions: Game Play happens for some time and umpires stop the match, then generally your Match Winner bets are void.


One Day Matches

An One Day match is played for 50 overs. There are 3 results possible. Team A Win, Team B Win and Tie.

Generally you’ll be given only 2 options. Team A win or Team B Win. Some bookmakers provide Odds for a Tie also. But there is catch here. If your bookmaker provides A Win, B Win and Tie it’s different (This is the match Winner market). Alternately they can provide a separate market called Match To End in a Tie. It will be given with Yes/No options to choose. This one I don’t consider as a match Winner market.

When one Team wins
If Team A defeats Team B then whoever took a bet on Team A makes a profit. If your bookmaker covered Tie also then people who chose it loses.

Tie
A Tie happens when both teams complete their respective innings with the scores level. Bookmakers consider this as Dead Heat if they hadn’t provided Odds for Tie. If they had provided the odds for Tie then people who chose a particular team loses. Check your bookmaker’s Dead Heat / Tie rules for this.

Other Scenarios
1) If it rains: Both Teams must play a minimum of 20 overs for Duckworth-Lewis method to take effect. If the match is abandoned without meeting the above criteria then all bets are void.

2) Unfavorable playing conditions: All bets are void.


Twenty20 (T20) Matches

An T20 match is played for 20 overs. There are 3 results possible. Team A Win, Team B Win and Tie.

Mostly the Tie market is covered separately. You’ll be given only 2 options. Team A win or Team B Win.

When one Team wins
If Team A defeats Team B then whoever took a bet on Team A makes a profit (Also the reverse is True).

Tie
A Tie happens when both teams complete their respective innings with the scores level. A super over will be played to declare the match winner.

Other Scenarios
1) If it rains: Both Teams must play a minimum of 5 overs for Duckworth-Lewis method to take effect. If the match is abandoned without meeting the above criteria then all bets are void.

2) Unfavorable playing conditions: All bets are void.


Dead Heat

I’ll explain how it works generally because each bookmaker can have their own calculations.

If a match ends in a dead heat then, calculate your overall return (Wager Amount + Profit). Then divide it by 2. This amount will be given back to you by the bookmaker.


Final Suggestions

In Limited overs Cricket (One Day or T20): Team A Win, Team B Win markets are called as 2-Way Match Winner markets. Team A Win, Tie, Team B Win markets are called as 3-Way Match Winner markets. Some bookmakers provide both next to each other. So choose carefully.


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