Cricket is one of the most popular sports in the world. Though not many countries play it, but the countries that do, do it like crazy. In India, cricket is not just regarded as a sport, but as a religion. It was first brought in India by the British and since the British left, India has taken their cricket to the next level. Indian has been the top team in every form of the game including Tests, One Day Internationals and Twenty Twenty Internationals. India even has its own cricket league called the Indian Premier League or IPL that invites players from all around the world to come and play.
Betting on sports and games has been happening ever since modern civilization came to existence. People from all across the globe participate in some kind of betting on some kind of sport or game. Betting has not changed a lot with time, the basic principle remains the same. Betting involves 3 basic things, Betting parties, the Game and the probability of winning/losing. There can be two or more parties that want to bet on a game. The betting parties can either decide to bet against one another or with one another and against a bookmaker. A bookmaker is usually a person that works as a medium of exchange between the parties. The game is any competitive activity that has a possible outcome of one team winning and another losing. This is the basic structure behind betting. Everything remains the same till date, but one major thing has changed.
With the whole internet thing around, everyone is more connected to each other than ever before. The internet has become the main online betting platform for all business, jobs, trade and information. In such a situation, everything is now going online, and the same goes for betting. The one thing that has changed about betting is that people are betting online more than they do in the traditional manner. The online betting industry has seen a drastic growth in the last decade, and it is continuously growing. Millions of people play online betting worth more than a billion dollars every year. It is really now a billion-dollar industry.
Cricket and betting, as you might know, have an age-old relationship. Ever since the game is introduced on a global level, betting enthusiasts began to make it their playground. And rightly so, cricket is one of the most interesting games in the world. What makes it so famous is the nerve wreaking tactics and mind-blowing details that change the game drastically. Basically, it is the unpredictability that makes the game so popular both in the real as well as the betting world.
A huge part of the online betting industry stands on this combination of cricket and betting. The people who were interested in betting on cricket but were not able to find a way into the betting world, have found a way online. But they need a platform to bet on. With the boom of online betting, many companies have launched tremendous platforms in the form of websites and mobile applications that allow you to bet on any of your favourite games online.
There are a lot of great websites that offer to bet on cricket online. One such website is Livebid. It is one of the best websites that you can use to bet on cricket online. Betting on Livebid is easy, and this is what makes it the best. Livebid is easy to use, accessible, safe and reliable while being a great platform for online betting especially in country like India where we are so insecure about these kinds of websites. Even if you don’t know anything about online betting, you will not have any problem using Livebid. The website is designed to give the user a complete and clear picture of everything related to online betting. Just log in and start playing. But before that, let me give you a brief about how cricket betting works on Livebid.
I have mentioned above the basic principle that has been used for betting on various kinds of games since it was started. And this has not been changed yet. The basic principle is still the same. It is just that it has not shifted online. While in traditional betting, the parties used to meet of talk over a call while betting, they now just place bets on the website without even knowing each other. While in traditional betting, the bookmaker or the person who conducted the betting exchange used to be a person or a firm, now it is a programmed software. While the games still remains the same, a lot of new online games have also been introduced to betting.
As you will log into the website and go to the cricket section. You will see a list of all the ongoing and upcoming cricket matches from all around the world. Just choose the match you want to bet on and you will be good to go.
You will then come across the different betting odds for different results of this match. Betting odd as you might know is the probability of a possible outcome of the game. To understand betting odds, let me give you an example.
Suppose the probability of winning of a team in a cricket match is 50%. Then the betting odds of the winning in decimal representation would be:
Betting odds = Total %/Probability %
So the betting odds of this example would be 100%/50% = 2.0
This means that for every 100 rupees you bet on this odd, you will win 200 rupees if your team wins.
Similarly, if the probability of losing of a team in football is 25%, then the betting odds of this team losing in decimal representation would be 100/25 = 4.0
So, if you bet 1 dollar on this odd, you will win 4 dollars if the team loses.
Now that you know the betting odds, you can choose of ‘back’ an odd or ‘lay’ an odd. To ‘back’ an odd means to bet in favour of something to happen and to ‘lay’ and odd is to bet against the happening of something. You need to think carefully and then choose what to do.
Once you have decided what to choose, you are almost there. Now you just need to choose the amount you want to back or lay and then finally place your bet. After you have placed your bet, you can do nothing about it. It is completely up to your luck that you will win or not. But more than luck, your winning or losing depends on the research you regarding the possible outcome before you make the bet. So, proper knowledge about the game and team is the key to winning in online betting. You can deposit your betting amount and withdraw your winning amount anytime you like from Livebid. A smooth payment transaction experience is always delivered by Livebid. It accepts all the most popular, accessible and safe modes of payment including bank options like Visa card, Master card, NEFT and IMPS, UPI transactions like Google Pay, PhonePay and BHIM UPI, online wallets like Paytm, Skrill and Neteller and even cryptocurrencies like Bitcoin etc.
Now that you know how cricket betting on Livebid works, you can sign up and play anytime you want. Livebid is always updated with the latest and upcoming cricket matches and offers you to bet on them. Go to Livebid and bet now!
Lastly, I just want to add that online betting and gambling can be very addictive, and can result in great money losses if not played responsibly. Mindfulness and limitations are necessary to keep in mind before you place any bets. If played with control, online betting can prove to be a great investment for your time and money, and even help you earn a lot of money.