Are you diehard cricket fan? Are you one of those people who don’t like missing a single ball of any inning? Are you one of those fans who carefully analyse every facet of the game while enjoying it? Then online cricket betting will be a great way for you to earn some good money. If you are not very familiar with the world of online cricket betting, rest assured, we will guide you through it. It makes sense for you to be slightly apprehensive about it. After all, there are more than enough stories of people losing lots of money by betting recklessly. However, if you use careful analysis and research prior to placing bets and not just depend on luck, you will do well. If you are wondering how to get started, you have come to the right place. We will guide you through the entire process of choosing the right online betting site (like Indiabet), creating a betting account, an ewallet, and how to place your first cricket bet. Once you follow our directions and start using them for placing your bets, you will soon realise how easy it is going to be for you. Sounds good? Then let’s get you started in the world of online cricket betting using Indiabet.
Betting With Indiabet: Things to Know
Choose the right site
While the internet is filled with numerous betting websites for cricket, we recommend the following:
- Spin Palace
All of these are excellent options, however, if you aren’t able to choose, try your hand at Indiabet. You will like it in all probability. You will always have the option of trying some other website later as well.
Choose the preferred deposit option
Once you have chosen the site, you will need to deposit some money in your betting account as you won’t be able to start betting without it. If you are placing your bets from India, your options are a little limited. Online betting sites like Indiabet don’t let you bet on credit, so you will need to deposit some money.
There are many different deposit options for betting sites, and here are a couple of the most popular ones:
- Debit cards
- Credit cards
While debit/credit cards are the simplest and most direct, they might not work at times. Do try them out though, the worst that could happen is that they are declined. You can also set up e wallets or prepaid cards. While these are a little more complicated to set up, once they get going, things go on like a breeze.
How do betting odds work?
Whenever you try to place bets on a cricket betting site like Diamond Exchange, you will be given some odds. Odds signify how much you stand to win if the bet you place wins.
For instance, if you place a 100 rupee bet on Delhi Capitals to beat Mumbai Indians, at 1.72 odds, you will get back 172 rupees if they win, where 100 rupees are your original bet and 72 are your winnings.
If you bet 100 rupees on Mumbai Indians with 2.10 odds to win, and they win, you will get back 210 rupees, where 100 rupees are your original bet and 110 rupees are your winnings.
In case you bet on the wrong team, you will just lose the amount you had bet (in this case 100 rupees). The odds don’t have any bearing on how much money you’d lose in case the team you selected didn’t win.
How to place bets using Indiabet?
- First things first, you’ll need to login to your Indiabet account.
- Click on the menu icon in the top left corner of your screen, and scroll down until you find ‘Cricket’.
- Now you’ll see several cricket matches. Choose the one you want to bet on.
- When you’ve found the match you want to be on, click on the bet you want to make.
- When you’ve picked the bet you want to make, choose your stake and click on ‘Place Bet’.
- Congratulations! You’ve successfully placed your first bet with Indiabet.
What are the risks of online cricket betting?
Whenever you login to your Indiabet account and place bets using an online betting platform like Indiabet, there are always some inherent risks associated with it. The most obvious risk is the risk of losing your hard earned money. When you place your bet on a certain team and that team loses, you will lose all the money that you bet on that team. Depending on how much money you bet on that team, you stand to lose a significant amount of money. That is obviously never a good thing. So be careful while betting and don’t bet recklessly. Cricket is a sport after all, there are no guarantees and any team can lose on any given day. So never go ahead and bet your entire retirement savings or family jewels on a match just because you are very sure about a certain team’s victory.