Which Bookmaker Offers the Best Cricket Betting Odds in India?

Comparing Odds In Cricket Betting

We have our task cut out here. For this best cricket betting odds comparison, the bookmakers we go with are bet365, Betway, 10CRIC, MELbet, Dafabet, Parimatch, PariPesa, and 22Bet.

All operators chosen for the task are top-bracket, really, and have made a mark for themselves by providing reliable and consistent wagering experience over the years. They offer a range of markets, catering to both the seasoned and amateur bettor. Some even have their dedicated cricket betting apps for seamless wagering on the move.

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We will compare the overrounds (explained in the next section) for the match-winner (and final result) market for five of the world’s top cricket tournaments, including IPL betting. Importantly, we carry out this comparison between the top eight bookmakers so that we can provide you with a solid idea of the betting odds landscape in India.

This is not a one-off thing. Starting here, we shall do these checks in regular intervals so that you have an overall idea about where to get the best cricket betting odds.

That said, let’s begin.

What Is Overround?

  • It is the total of all the odds of a particular outcome. Calculating the ‘overround’ is integral to determining the quality of odds from any cricket betting site. Every bookmaker operates by creating an overround so that it keeps profiting (and stays financially viable) in the long run.
  • Overround = 100% (which is the maximum probability of an event happening) – (implied probability or book%)
  • Implied probability of an outcome = 1/odds x 100. So, if odds on an event is say 10.00, then implied probability = 1/10 x 100 = 10%
  • The higher the overround, the lesser the value of the odds.
  • Generally, an overround of 0-3.5% denotes competitive odds, anywhere between 3.5-5% is acceptable, 5-7% is generally considered poor-value odds, and if it’s greater than 7%, it means you should definitely look elsewhere.

Here is one of the simplest overround & probability calculators we found on the web. Simply enter the odds (fraction, decimal) to check what’s the overround.

Best Cricket Betting Odds & Overround Comparison

All odds as of March 18, 2021, 12:22 PM (IST)

West Indies vs England

  • Format: Test
  • Time & Venue: March 16-21, Kensington Oval, Barbados
Bookmaker Final Result (1×2) Odds Overround (%)
Betway WI: 26.00 | Draw: 2.20 | Eng: 1.66 9.54
bet365 WI: 21.00 | Draw: 2.30 | Eng: 1.70 7.06
10CRIC WI: 16.30 | Draw: 2.22 | Eng: 1.70 10.41
MELbet WI: 23.00 | Draw: 2.264 | Eng: 1.74 5.99
Parimatch WI: 28.00 | Draw: 2.22 | Eng: 1.71 7.51
PariPesa WI: 24.00 | Draw: 2.296 | Eng: 1.765 4.38
22Bet WI: 23.00 | Draw: 2.275 | Eng: 1.75 5.45
Dafabet WI: 29.00 | Draw: 2.26 | Eng: 1.72 5.84

CBA Says

As you see in the table above, PariPesa has the lowest overround (4.38%) of the eight operators, followed by 22Bet (5.45%) and Dafabet (5.84%). It’ll make more long-term financial sense if you bet with PariPesa, however, considering that they maintain their low overround percentages.

South Africa vs Bangladesh

  • Format: ODI
  • Time & Venue: March 18, SuperSport Park Cricket Stadium, Centurion
Bookmaker Match Winner Odds Overround (%)
Betway SA: 1.13 | BAN: 5.50 6.68
bet365 SA: 1.16 | BAN: 5.00 6.21
10CRIC SA: 1.12 | BAN: 5.10 8.89
MELbet SA: 1.168 | BAN: 4.94 5.86
Parimatch SA: 1.17 | BAN: 4.60 7.21
PariPesa SA: 1.175 | BAN: 4.98 5.19
22Bet SA: 1.175 | BAN: 4.96 5.27
Dafabet SA: 1.15 | BAN: 5.90 3.91

CBA Says

For the above market, Dafabet is the most high-value odds provider with an overround of just 3.91%. It’s followed by PariPesa (5.19%) and 22Bet (5.27%). If you see, PariPesa has been a regular feature thus far, consistently reserving to itself among the least overrounds across markets.

CSK vs KKR

  • Format: IPL (T20)
  • Time & Venue: March 26, Wankhede Stadium, Mumbai
Bookmaker Match Winner Odds Overround (%)
Betway CSK: 1.90 | KKR: 1.90 5.26
bet365 CSK: 1.90 | KKR: 1.90 5.26
10CRIC CSK: 1.89 | KKR: 1.82 7.86
MELbet CSK: 1.89 | KKR: 1.89 5.82
Parimatch CSK: 1.92 | KKR: 1.85 6.14
PariPesa CSK: 1.91 | KKR: 1.91 4.71
22Bet CSK: 1.90 | KKR: 1.90 5.26
Dafabet CSK: 1.96 | KKR: 1.89 3.93

CBA Says

Dafabet has the least overround of 3.93%, followed by PariPesa. Given that these two operators maintain such overround percentages, it would definitely be a prudent decision to bet with them.

The Ashes (Outrights)

  • Format: Test
  • Time & Venue: July-September 2023, England

CBA Says

The Ashes is still some time away, and there could be so many ups and downs in the form of the two teams leading up to the tournament. So, at this point in time, it’s difficult to comment on whether the bookmakers have valued the teams correctly. That said, if you simply go by the overrounds, Parimatch seems to be the clear winner at this point in time. However, we will reserve our final word for when the others have also published their odds.

2022 T20 World Cup (Outrights)

  • Format: T20I
  • Time & Venue: October 16 – November 13, Australia

Not many operators have released the outright odds for the upcoming T20 World Cup, so we’re going with Betway, bet365, 10CRIC, Parimatch, and Casumo.

CBA Says

Look at the teams objectively, and only the top five (and the West Indies) have a realistic shot at winning the 2022 T20 World Cup in Australia. So, if you were to only look at the odds, Betway, bet365, 10CRIC, and Parimatch seem to make the most sense financially. However, if you were to only factor in the overround, it is Betway (20.38%) that edges past the other three.

Overround Comparison: A Snapshot

Here, we round up the top 2 betting sites with the lowest overrounds for the match winner market across the five matches/tournaments.

Urgency To Find The Best Cricket Betting Odds

When it comes to wagering on any sport – including cricket — nothing is as vital as searching for the most competitive odds. In fact, that’s the cornerstone, really, of how to bet on cricket. That’s because only when you get long odds do you realistically stand a chance of making a good profit. The longer the odds, the more the reason (and the benefits) of actually going through with that wager.

Remember:

  • More than the money you decide to stake or the market you bet on, it is the quality of the odds that will determine your winnings. Betting on high-quality odds will work to your advantage, both in the short term and over the long haul. Therefore, the need to compare odds in cricket betting before placing a wager.
  • If you stick to only one operator, you’re certain to miss out on value-betting. That’s because different bookmakers typically offer varying odds, depending on the tournament or league in question. For example, bet365 may have the most competitive outright prices for the T20 World Cup, but Betway might one-up that when it comes to betting on the Ashes.

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  • Even if you had the penchant for picking the winner 100 percent of the time, the quality of the odds would still make a significant difference.

To sum up, sure, finding the best cricket betting odds isn’t the be-all and end-all, but it’s still really important, the significance of which one just can’t overemphasize.

How To Understand Cricket Betting Rates

Understanding how odds in cricket betting work out is a breeze. Let’s understand with an example.

Suppose India is taking on Sri Lanka at home, and you’re backing the Men in Blue to win the match. The odds line in the match result (1×2) market could be something like this:

  • India to Win (1): 1.40
  • Draw (X): 12.00
  • Sri Lanka to Win (2): 5.00

Here, to calculate your potential winnings, simply multiply your stake with the odds. Therefore, if you’re putting ₹1,000 on India (and if they win), you’ll get back ₹1,400 (which is, ₹1,000 x 1.40).

So you have it – that’s exactly how odds in cricket betting (and on every other sport) work.

Cricket Betting Odds: Fraction vs Decimal

You can also choose to see odds in the fraction format, just that calculating in the decimal format is easier. That’s because in the latter, your stake is included in the odds you see. But in the fraction format, you have to add it yourself. Taking the above example, odds of 1.40 = 2/5. Similarly, odds of 5.00 = 4/1 and 12.00 = 11/1.

If you choose your odds to be displayed as a fraction, you’d have to add your stake to the winnings. Taking the same example above, you win at odds of 2/5. Therefore, winnings = (₹1,000 x 2/5) + ₹1,000 = ₹1,400.

With an online cricket betting odds calculator, you can do away with converting and calculating the odds manually.

Why Cricket Betting Odds Are So Important

We shall demonstrate this point with two punters to underscore the significance of getting the best cricket betting odds. Please remember that this illustration is purely theoretical and based on attribute uniformity. Nonetheless.

How to understand cricket betting rates? Suppose we have two bettors: Ramesh & Suresh. Both are seasoned punters and have the ability to pick out winners at a good rate, for example, 70%. This simply means seven of their 10 wagers are expected to come through.

Now, on an average, Ramesh gets cricket betting odds of 1.80 across markets, while Suresh – he shops around at several bookmakers — bags slightly better odds at 2.20. Suppose both want to start with T20 World Cup betting and will wager on 40 matches over the course of the tournament. So, with their winning percentage of 70, this would leave both with 28 winning bets (70% of 40 games) and 12 losing wagers.

Considering Ramesh and Suresh are betting ₹2,000 on each game, the end result would be something like this:

Ramesh Net Winnings

[28 x 0.8] + [12 x (-1)] = 10.4 x ₹2,000 = ₹20,800

Suresh Net Winnings

[28 x 1.2] + [12 x (-1)] = 21.6 x ₹2,000 = ₹43,200

Now, that is a difference of more than ₹20,000, which you’re missing out on simply because you aren’t shopping around enough. Sure, this is opportunity cost, something you cannot help in sports betting. Still, if you can get better value (theoretically proven) just by comparing the best cricket betting odds, there’s absolutely no reason not to do it.

What About Betting Exchange Sites?

Betting exchanges allow punters to bet against each other. This means you only don the bookmaker’s hat and wager against other users on the exchange. Therefore, there’s a free market principle at work here that contributes to the generous odds (which are, at least in part, determined by the demand of the various markets among players).

Please remember that, unlike a conventional operator, a betting exchange doesn’t make money if you lose. There’s no ‘margin’ or ‘cut’ involved here. Instead, they charge a commission on the total winnings, so the more you play and win, the more betting exchange sites earn. That’s also why so many players prefer them to the traditional bookmaker.

Do check out our article on India’s best betting exchange sites to know more about all the benefits you stand to enjoy by wagering on an exchange as opposed to a standard betting site.

Best Cricket Betting Odds FAQs


How crucial is it to search for the best odds?

As you might imagine, the cornerstone of betting of any sport, including cricket, is to do that on competitive odds. Otherwise, there’s no real point in wagering at all. That’s because should your bet not come through, you’ll stand to lose your stake entirely, whatever the amount be. But if your bet wins, you get back winnings and also recover your stake in the process. So might as well give yourself the best shot of doing that by comparing operators and wagering only on the best cricket betting odds.

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Do odds in cricket betting keep changing?

Yes, odds in cricket betting keep fluctuating. For example, odds on an overwhelming favourite can keep shortening until the bookmaker feels it has evened out all potential losses and reduced its liabilities. Similarly, prices on the underdogs will be kept high to incentivise the bettor to wager on those.

Cricket betting odds keep changing leading up to the start of the match or till playing conditions (and other team news) get confirmed.

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How are cricket betting odds created? What’s the concept of ‘house edge’?

Cricket betting sites assess the probability of a particular outcome (in the match) happening and accordingly adjust the odds after factoring in their ‘margin’ or ‘juice’. This is how all the betting markets are set. If you convert the odds into percentages, you will see they never equal 100; there will always be percentage points remaining. That’s because that is the bookmaker’s ‘house edge’ or ‘vigorish’ – the profit guaranteed for a betting site, given that all bets are proportionate to the prices.

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When are cricket betting odds published?

That can vary. For certain top-tier tournaments, bookmakers release the odds months in advance. These are called outright betting odds, and they’re, of course, only available on the tournament/series winner. Specific match odds are typically released only a few days/weeks leading up to the event.

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Do promotions affect odds in cricket betting?

Certain promos like boosted odds definitely do. Another popular promo bookmakers run is the BOG (Best Odds Guaranteed), which does improve the overall odds too. However, BOG is typically limited to horse race betting only.

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CricketBettingAdvice Final Say

If you set aside the security factor of an operator, we don’t think there’s anything more important in cricket betting than finding high-value odds. After all, what everything boils down to is how much you win if your bet comes through. Precisely why we undertook this best cricket betting odds comparison. Rest assured that we’ll keep updating this article regularly so that you know which operators, by and large, offer the most competitive odds. Only then will you be able to make the most of your stake.

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