You don’t always have to be able to predict who is going to win a Test match to win money from betting on cricket.
Betting on – or trading – Test cricket can be very profitable just from being able to predict what isn’t going to happen, as opposed to knowing what is going to happen, or who is going to win.
Sometimes it is obvious that a team isn’t going to be in a position to win a Test match, so in this instance (depending on the odds) I would/could place a lay bet against that team (I generally use this method when I’m trading cricket on Betfair).
Depending on the odds involved, I might be looking to place my lay bet and just leave it to run until the Test match concludes, or the other option is to place my lay bet with a view to trading it during the Test match.
For example, if team A is 2/1 to lay and I can only see that teams odds drifting, I would lay them. If their odds drifted, I could then back them at 3/1 or 4/1 to cover my potential loss on team A (in case they turned the Test match around and produced a comeback).
That way if team A does come back and win the Test match, I won’t lose. If team A don’t win as I expect, I pick up my winnings.
Another way of making money from Test match betting is to trade small price movements. For example, in the recent 2nd Test between South Africa and Pakistan, the South Africa price was hovering around the 1.33 to 1.38 mark for a spell of time.
Pakistan were batting and the market was looking to push out the South Africa price, but every time the South African price slightly drifted, an unplayable delivery flashed past a Pakistani edge, and the South African price came in again as the market expected a wicket to fall.
As a result of this, I just kept backing and laying. All I did was to keep backing South Africa at 1.38 for £125.00, then once my bet got matched I would place a lay bet of SA up at 1.35 for the same amount (£125.00), and after a couple of balls it would get matched. After a few trades I was about £15.00 green on South Africa (the Betfair term for winning money).
I then put some of that money on Pakistan and the Draw – just to be ultra safe – and ended up with a guaranteed win of over £12.00 on every outcome. An easy trade all done in about 15 minutes.
These are just a couple of examples of how money can be made from Test match betting. Like with all betting in general, if you are looking to try your hand at it, start off with £5.00 or £10.00 and just play around with it to try and get a feel for things first.