As I have stated on this website many times before, there is plenty more to betting on cricket than just picking Team A to beat Team B, and the ‘Completed Match’ market on Betfair is a prime example of one such alternative cricket betting option. You can open a new Betfair account here and get yourself a £30.00 Free Bet.
For those not familiar with it, this is a market available on limited overs matches where we can bet on whether or not there will be an ‘official result’ in the match. On Betfair it is simply a ‘completed match’ market, and you bet on the ‘Yes’ or ‘No’ outcome.
To explain this in more detail, if a limited overs match gets rained off without a ball bowled, it is a ‘no result.’ If the minimum amount of overs aren’t bowled to constitute a match, it is also a ‘no result.’ In both these instances, ‘No,’ would be declared the winner in the completed match market on Betfair.
In a rain effected T20, 5 overs a side can be bowled. Or 20 overs a side could be bowled in a 50 over ODI match. In both these cases, this would (normally) constitute a match and mean an official result can be declared. In these instances, ‘Yes,’ would be the market winner.
In general the completed match market is fairly benign, as cricket is normally played in good weather, and there is generally an official result. Put some rain in the air though, and this market can turn into a panic stricken, betting frenzy.
It seems that punters take leave of their senses, they just seem to bet on what they see in front of their eyes at that precise moment. ie, rain, covers being brought on to the pitch, etc. There appears to be little thought going in to what might happen in 10 minutes time, ie, it stops raining, the covers come off, and the game is
played to a conclusion with no further interruptions.
Yes, there are plenty of shrewd punters out there checking weather radars and thinking ahead, but the general masses seem to bet on instinct. And the sight of rain seems to trigger that instinct and send the market into hysteria. It just goes crazy, with what appears to be bonkers bets placed on it.
In India’s recent ICC Champions Trophy final victory over England, the ‘No’ outcome got backed in to below 1.10. People were betting on it at odds of 1/10, and lower, it was pure madness. If you stop and think about it for a minute, the ICC were always going to pull out all the stops to get a game of some sort on…. and yet people still backed ‘No’ into sub 1/10.
I actually seen two screenshots from cricket betting punters on Twitter before this game had even finished, one had over £7k green on either outcome, and other guy had over £9K green on either outcome (result, or no result, in both instances). I’m not saying it is easy to win this amount, as I certainly haven’t, but it just gives an example of the sort of possibilities this market can throw up.
Favouritism in this market can flip over from one side to the other numerous times during a rainy day. Events like this gives Betfair cricket traders a great chance to win big with little outlay. If we can lay at sub 1.10, or even sub 1.20, we can lay larger amounts without breaking our betting banks if things go wrong.
If you are betting on this market, always be sure you are well aware of what the playing conditions are, ie, minimum number of overs needed to be bowled by both sides to constitute a match, is there a reserve day? etc.
They will vary depending on what format of cricket it is (50 Over, T20, domestic 40 over, etc), and can vary from series to series even in the same formats, so be careful there.
If you are a new starter thinking of having a go in this particular cricket betting market, wait for a rain effected match and just play around with a minimal amount of cash and watch the market to see how it behaves. You will be both surprised and shocked.