Trading and betting on cricket is different, and with Betfair you can do both.
You can open an account via either method, sportsbook or betting exchange.
- Open A Betfair Exchange Account Here For Cricket Trading
- Open A Betfair Sportsbook Account Here For Cricket Betting
Once you’ve done that, you can use both the sportsbook and the betting exchange through the same login.
Yes, both are methods of predicting what might happen, but there are subtle differences.
The best way I can find to sum it up is to say that with cricket trading you generally have an exit strategy in mind before you start. As you are basically trying to make money from a market movement.
While with cricket betting, you just fancy Team A to beat Team B, so you have a bet on Team A to win…. and if it loses, then so be it.
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Cricket Betting Tips
Betfair Cricket Tips
For those not familiar with Betfair Cricket Trading, or trading in general, here are a few handy tip ands phrases you need to learn first (they are not complicated, honestly).
In the language of Betfair, Green is the trading term for profit, while Red is the term for losing.
To Green Up is to trade out of a bet for a profit, to Red Out or Red Up is to take a loss and trade out.
Scratch just means breaking even.
There is nothing wrong with following both website’s tips. You can even compare tips and see who comes out on top.
We also have plenty more free bets for you to use when betting on cricket. Betfair just offer you their standard new customers offer.
Trading Cricket on Betfair
The idea of Betfair Cricket Trading is to lay low and back high, this is where you make or lose your money.
The order in which you place your bets should depend on the market, and which way you expect the market to turn.
For example, you back at 2/1 (3.00), and lay at Even money (2.00).
In order to do this you need to be able to anticipate what will happen in the match, or what way the market will behave.
More trading examples can be found in my articles on Test Match Betting and ODI Betting.
Obviously the outcome of the match will ultimately determine the outcome of the market. And obviously wickets and runs will determine price movements during the course of a match.
But as well as that the markets can see large price swings when they are anticipating something such as rain, or some turn in the pitch for the spinners, etc.
Even the ball swinging can also effect price changes.
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Learn how to read Cricket Betting Markets on Betfair
For these reasons being able to read a market is probably just as important as being able to read a cricket match. Being able to read both would be preferable.
Being able to read a match means you can see what is going to happen. A lot of people anticipate the path of a match (ie, Team A win) and place their bets accordingly.
If you can read a market, you can actually anticipate the direction the large price swings will move in and place a bet to make profits when that particular market movement occurs – this is out and out cricket trading.
Cricket betting markets are full of money from traders anticipating price movements.
For example, they are expecting the market to move this way when the spinner comes on.
Rain can move a Cricket Market
Or they are expecting the market to move that way when the rain comes later in the day. They then place their bets in anticipation of these price movements.
If you are quick enough to spot this, you can place your bets first and trade the market movements caused by the traders placing bets in anticipation of the market movement, rather than the market movements of the actual event, etc.
Effectively you would be trading what the traders are anticipating trading. Rather than trading the actual match…… if that makes any sense.
There are also various trading methods you can use.
For example, you might like to just trade one tick price movements, and try and build up profits from these one tick movements over the course of the match.
Or you can trade big swings like I described above, such as rain, etc. You can trade over a period of time of the match, such as an innings, or a couple of wickets at a time.
Or you can simply think Team A will win the match, and simply trade out when the market reflects this, and Team A’s odds have shortened enough to give you a decent profit.
Trade out for Profit instead of waiting for a win
There are also different ways of trading out for a profit. If you think Team A are going to win, you can trade out in a way that leaves all your profit on Team A, and just leave scratch/no losses on the Draw and Team B winning.
If you are a more cautious Betfair cricket trader, you can play it safe by evening out your profits (Green) over all three outcomes. That way no matter what the outcome, you will make a profit.
The same applies to trading out for a loss. You can either put all your losses (Red) on one team. Or you can spread it evenly across all two or three possible outcomes.
As is always the case with betting or trading. The size of the profits or losses is determined by the risk. If you put all your Red on team, you risk losing bigger.
If you put all your Green on one team, you will win bigger, but obviously less often.
Betfair Cricket Betting
The Betfair sportsbook is also a great place for cricket betting. As opposed to cricket trading on the Betfair Exchange, the sportsbook is just for out and out betting.
So in other words, you bet on Team A to beat Team B, or on Joe Root to be the top runscorer, etc.
There are numerous markets on all major matches, and in-play betting and cash-out are available.
Popular cricket betting markets on Betfair can be found below…..
- Match Odds
- To Win Toss
- Opening Partnership
- Top Run Scorer
- 1st Innings Lead (Test match only)
- Team of Top Run Scorer
- Top Wicket Taker
- Match Winner (Draw No Bet)
- Method of Dismissal
As well as individual match betting markets, there are also series outright markets, and competition winner markets.
For example, you can bet on the winner of Test series’ such as the Ashes between Australia and England, or the Border-Gavaskar Trophy between Australia and India.
Feel free to leave a comment below letting us all know how your experiences with Betfair turn out. Also let us know if you have any questions about using Betfair for your cricket betting.