The Completed Match market is only generally found on the Betfair Betting Exchange, not their Sportsbook, and it is a fairly rare market to find with most bookmakers. It is a market that is only applicable to limited overs matches (50 Over matches on T20s). You can open a new Betfair account here and get yourself a £30.00 Free Bet.
The Completed Match market is a bet on whether or not there will be an official result, ie a win for Team A/Team B win, or the match is abandoned as No Result.
An official result is Australia beat England by 5 runs, or England beat Australia by 2 wickets, etc. A No Result is when enough overs don’t get bowled to constitute a match, and it is declared a No Result, or some might call it a draw.
note, don’t confuse a draw with two teams scoring the same amount of runs. Two teams both scoring 250 runs each would be classed as a tie, and bookies may apply their own rules in this instance, ie, dead heat, or void bet, etc.
If a 50 over match is affected by rain, both sides have to bat for a minimum of 20 Overs each to constitute a match and have an official result. This is the ruling that will apply at the ICC Cricket World Cup (50 Over competition).
If a T20 match is affected by rain, both sides have to bat for a minimum of 5 Overs each to constitute a match and have an official result. This is the rule that will apply at the ICC World T20.
A match can only be classed as completed if it has come to a natural conclusion, OR both teams have batted the minimum number of Overs (listed above), at which time a result can be declared under the Duckworth/Lewis method.
Completed Match Betting Examples
Example 1) England are playing Australia in a 50 Over match. England bat first and are 150/2 after 22 Overs. It then starts to rain, and this rain lasts for a few hours.
England’s innings is then ruled to be over by the match officials and Australia are then set a target of 151 to get within 22 Overs. If Australia get the runs inside 22 overs they win the match, and the match has an official result.
Even if Australia get the runs inside 18 Overs the match will have an official result, even though Australia didn’t bat for 20 Overs. If the match comes to a natural conclusion (ie, one side wins) inside the 20 Overs, it becomes an official result.
Example 2) England are playing Australia in a 50 Over match. England bat first and are 150/2 after 22 Overs. It then starts to rain, and this rain lasts for a few hours.
England’s innings is ruled as over by the match officials and Australia are set a target of 151 to get within 22 Overs. Australia are batting, and after 10 Overs they are 125/0 and are cruising to victory. It then starts raining again and the players go off.
The rain doesn’t stop and the players can’t get out to complete the match. Even though Australia are clearly going to win and are well ahead of Duckworth/Lewis rate, the match is still a draw as Australia didn’t bat their 20 Overs OR get the 151 runs.
Example 3) Australia are playing West Indies in a T20 and are 60/0 after 6 overs, when it starts to rain. After the rain delay the match officials decide Australia’s innings is over and they set West Indies 61 to win off 6 overs.
West Indies score the runs in 4 overs and win the match. Even though they have not betted 5 Overs, because they scored the runs, the match was declared a result with West Indies winning.
Example 4) Australia are playing West Indies in a T20 and are 60/0 after 6 overs, when it starts to rain. After the rain delay the match officials decide Australia’s innings is over and they set West Indies 61 to win off 6 overs.
West Indies are 60/0 at the end of the 4th over and clearly going to win. It starts hammering it down the rain and the players have to go off. The pitch gets flooded and there is absolutely no chance of play resuming before the cut off time. As the match wasn’t finished and both sides hadn’t batted 5 Overs each, the match is declared No Result.
In the Completed Match market, you bet on ‘Yes’ or ‘No’ with Betfair. Just to be clear, that means ‘Yes’ the match will have an official result. Or ‘No’ the match won’t have an official result and will be declared a ‘No Result’ or a draw.
Completed Match Market Trading On Betfair
As cricket is a sport generally played in summer conditions, this is usually a pretty redundant market. Which is why it’s not generally catered for by the bookmakers.
When there is a bit of rain in the air thought, or other unpleasant conditions come into play, this market just catches fire.
This is even more so the case in important matches, such as big live TV matches, or at the cricket world cup, etc. You may ask why? And the answer would be that there is a feeling that if there is a lot riding on a match, more effort will be made to get an official result.
As a result of this, you get a situation where in normal circumstances a match may have been abandoned, but in the case of a cricket world cup semi-final for example, all efforts will be made to get a game on, and more corners will get cut.
General protocol would suggest the match will be called off, and you may well find some punters base their bets on this. Other punters may decide that they can see a shortened match going ahead for the sake of TV, etc, and they may base their bets on this. And this can all combine to be a recipe for a very volatile market, in which there will be some very big winners, and some very big losers. So be aware.
When betting on this market, take into consideration the event and the keenness of the organisers to get an official result. They will tell you until the cows come home that the decision is left to the umpires, but the importance of an official result in a match of major significance won’t be lost on the umpires.