Cricket Betting Guide: How to Bet & How It Works

What is Cricket Betting? 

Cricket is one of Australia’s most popular sports, and betting on it adds a whole new layer of excitement. Whether you’re a casual fan or a passionate follower of the Big Bash League or Test matches, this guide will walk you through everything you need to know about cricket betting in Australia—how it works, what markets exist, and how to bet smartly.

Understanding Cricket Betting Odds

In Australia, betting odds are usually shown in decimal format. Decimal odds indicate how much you’ll receive for every dollar you bet, including your stake.

How Decimal Odds Work

• Example: Odds of 2.50 mean that a $10 bet would return $25 ($10 x 2.50).
  
  
• Implied Probability Formula: (1 ÷ decimal odds) × 100
  
  
• Example: (1 ÷ 2.50) × 100 = 40% chance
  
  

Understanding odds helps you judge the potential value of a bet before placing it.

Popular Cricket Betting Markets

Cricket offers a wide variety of betting markets. Here are some of the most popular options available to punters in Australia:

Match Markets

• Match Winner: Bet on which team will win.
  
  
• Draw No Bet: Bet is void if the match ends in a draw.
  
  
• Double Chance: Win or draw (useful in Tests).
  
  

Series and Tournament Markets

• Series Winner: Bet on who will win a multi-match series.
  
  
• Outright Winner: Predict the winner of a full tournament or league, like the IPL or BBL.
  
  

Team-Based Bets

• Total Team Runs: Bet over/under on a team’s run total.
  
  
• Most Sixes: Which team will hit the most sixes.
  
  
• Win Toss: Bet on which captain wins the toss.
  
  

Player-Specific Bets

• Top Batsman: Predict who will score the most runs.
  
  
• Top Bowler: Predict who takes the most wickets.
  
  
• Player Performance Points: Based on runs, wickets, catches.
  
  
• Man of the Match: Who will perform the best.
  
  

In-Play (Live) Bets

• Next Wicket Method: Predict how the next batsman will get out.
  
  
• Runs in Next Over: Wager on total runs scored in a specific over.
  
  
• Batsman to Score 50/100: Live bet based on current form.
  
  

How to Place a Cricket Bet

Placing a cricket bet is easy once you understand the steps. Here’s a simple overview for Australian bettors:

1. Choose a Licensed Bookmaker
   Select an operator licensed by the Australian Communications and Media Authority (ACMA) or state gambling regulator.
   
   
2. Register an Account
   Provide your identity details and verify your account to start betting legally.
   
   
3. Deposit Funds
   Use secure options like PayID, bank transfer, or card payment.
   
   
4. Select a Cricket Market
   Navigate to the cricket section and pick your desired match or tournament.
   
   
5. Place and Confirm Bet
   Choose your stake (e.g., $20) and confirm your bet. You’ll receive a digital bet slip.
   
   

Top Cricket Betting Sites in Australia

Below is a list of trusted Australian cricket betting platforms:

Cricket Betting Tips

Success in cricket betting depends on strategy, timing, and discipline. Consider these tips:

• Research Form and Stats: Look into head-to-head stats, player injuries, pitch conditions, and weather.
  
  
• Know the Format: Betting strategies differ for Tests, ODIs, and T20s.
  
  
• Set a Budget: Don’t wager more than 5% of your bankroll on a single bet.
  
  
• Look for Value Odds: Compare markets across multiple bookies.
  
  
• Use Bonuses Wisely: Many bookies offer free bets or matched deposits—take advantage but read the terms.
  
  
• Practice In-Play Betting: Reacting to real-time events can unlock better odds.
  
  

Visit Bet101 for More Guides

For even more in-depth guidance on betting basics, visit the full Bet101 guide. This resource covers everything from odds explanation to sportsbook comparisons.

Frequently Asked Questions (FAQs)