Learn The Skill And Art Of Betting On Cricket

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.