If you love cricket and you like making money then you are really missing out by not participating in online cricket betting. You can utilize your cricket knowledge and place bets with the help of online bookmakers such as Lotus Book 247. Don’t worry, while online cricket betting might seem dangerous on the surface, with the right guidance (ours), you’ll start betting successfully on cricket matches with ease. With your knowledge of cricket and our step by step guidance, you will be able to start placing online bets on cricket with ease.  Blind guess work might give you a few lucky wins here and there but such luck is bound to run out and you will eventually suffer heavy losses. We will guide you through the entire process of choosing the right online betting site (like Lotus Book 247), creating a betting account, an ewallet, and how to place your first cricket bet. When you finish reading the post and use its steps, you will find out that betting on cricket online is very easy and safe. However, a lot of the safety depends on your approach as well. As long as you don’t gamble your fortune away by betting blindly and recklessly, you will be fine. Also remember, there will be times that you might lose some bets and lose some money. Don’t overreact to it and walk away from sports betting. You win some, you lose some, and if you bet carefully, you will definitely win more than you lose. Let’s get you started on the path of making some money through online cricket betting.

Betting Using Lotus Book 247: Things to Know in 2021

Choose the right site

While the internet is filled with numerous betting websites for cricket, we recommend the following:

  • Betway
  • 10CRIC
  • Lotus Book 247 
  • Spin Palace
  • Skyexchange
  • Dafabet
  • Diamondexch
  • Bet365
  • 1xBet

All of these are excellent options, however, if you aren’t able to choose, try your hand at Lotus Book 247. 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 Lotus Book 247 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
  • Prepaid cards
  • Ewallets

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 Lotus Book 247, 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 $10 bet on Royal Challengers Bangalore to beat Sunrisers Hyderabad, at 1.72 odds, you will get back $17.20 if they win, where $10 was the original bet and $7.20 are your winnings.

If you bet $10 on Sunrisers Hyderabad with 2.10 odds to win, and they win, you will get back $21, where $10 is your original bet and $11 are your winnings.

In case you bet on the wrong team, you will just lose the amount you had bet (in this case $10). 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 Lotus Book 247?

  • First things first, you’ll need to login to your Lotus Book 247 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 Lotus Book 247.

What are the risks of online cricket betting?

Whenever you login to your Lotus Book 247 account and place bets using an online betting platform like Lotus Book 247, 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. However, just because you lose once, that doesn’t mean you need to stop betting altogether. Similarly, if you win some bets, you shouldn’t start betting your entire fortune on matches. Moderation is key here. Don’t try to make betting your primary source of income, it should be something you make on the side.  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. Remember, betting on cricket is like life, you win some, you lose some. So take everything in your stride.