I never used to bet on
cricket but I always knew about it. Actually one of friends used to be an
online better and he used to make quite a good sum of money out of it. This is
when I also planned to get into this business of cricket betting and for this,
I registered myself on few selected sites to get some free cricket betting tips.
However, when I was in Canada for some time, I used to bet on football and I
guess the concept applies to cricket betting as well. Also, I read on cricket
betting sites that to make a better profit, you have to make your predictions
more accurate. This could be done when you are more familiar with the teams and
players, and when you closely monitor their recent forms,
morale, weather and location of the stadium etc. I believe all such information
is necessary and important too.
Now, let us see what
exactly is betting. Betting is defined by the Gambling Act 2005 as the making
or accepting of a bet on the outcome of a race, competition or other event or
process; the likelihood of anything occurring or not occurring; or whether
anything is or is not true.A transaction may still be a bet despite the fact
the race, competition or event has already taken place and one party to the
transaction knows the outcome. The most common form of betting is ‘fixed odds
betting’ whereby the customer bets a stake to win a fixed amount calculated by
the odds available. For example a Rupees10 bet at odds of 2/1 would return
Rupees30 (Rupees20 of winnings + Rupees10 stake) if successful. If unsuccessful
the customer would lose their Rupees10 stake.General betting licence holders
are able to offer facilities for fixed odds betting from betting shops
(off-course); on tracks (on-course); and by remote means (including online
gambling).Pool betting differs from fixed odds betting as winnings are
determined by reference to the aggregate of stakes paid into the pool. The
return to successful customers therefore is calculated by dividing the total
pool (minus commission) by the number of winning tickets. Pool betting
incorporates racecourse pool betting; football and other sports pool betting;
and ‘fantasy football' type competitions.Pool betting can be conducted remotely
or non-remotely.
To sum it up, cricket
betting is a great way to have some fun and earn money simultaneously.