Cricket betting has become overwhelmingly popular among sports lovers. It offers great ways of enjoying the game beyond mere watching. Be you a professional punter or a beginner who has just entered this sports gambling arena, understanding cricket betting terms is important. This cricket betting glossary explains all the important terminologies so that you will be well-equipped with the knowledge to make informed bets and enjoy a truly enriching cricket betting experience.
Cricket Betting Glossary – A to Z
Here’s the cricket betting glossary;
A
- Accumulator – A type of bet which includes several selections combined as one; for the punter to get a payout, they must get all the selections right.
- Against the Spread (ATS) – This is a bet against the spread or handicap quoted by a bookmaker.
- Ante-Post Betting – Placing bets on an event that will happen much later, usually before the line-up is confirmed.
- Asian Handicap – A system of betting in which there is no possibility of a draw. A head start is given to one team depending on its strength.
B
- Bankroll – The total amount of money a punter has to bet with.
- Bet Builder – A facility that allows punters to create their own bespoke bets from a series of different selections.
- Betting Exchange – A website where punters are betting against each other, rather than against a bookmaker.
- Both Teams to Score (BTTS) – A bet on whether both teams will score runs in a specific match.
- Bookmaker/Bookie – A firm or individual that offers bets and quotes the odds.
- Boundary Betting – Betting on the number of boundaries hit either in the form of fours and sixes, in a single match.
C
- Cash Out – The option to settle the bet before the end of the event for partial profit or the cut of loss.
- Chasing Losses – Placing more substantial bets after a loss in a bid to recoup losses – generally a bad system for betting.
- Correct Score Bet – A bet on the precise outcome of a match or innings.
D
- Dead Heat – When there is a tie between two or more participants, which reduces the payment.
- Decimal Odds – A way of expressing odds where the winnings are worked out by multiplying the stake by the odds.
- Double Chance – Where a bet on two possible outcomes in a single match is covered to give more chance of return.
- Draw No Bet – The market where a refund is paid on stakes should the match result in a draw.
E
- Each-Way Bet – Two parts to a bet: one for a win and one for a place given the specified position.
- Edge Betting – Inside information or analytical model bets placed to create an edge over bookmakers.
F
- Fixed Odds – This is set by a bookmaker when the customer places a bet, thereby the odds are predetermined.
- First Over/10 Over-Runs –F A wager on the number of runs scored in the first over or opening 10 overs.
- Futures Bet – Placing a wager on an event that will occur at a far later date, for example, the winner of a competition.
G
- Gubbing – The term used when a bookmaker limits, or further restricts, an account due to high success.
H
- Handicap Betting – A form of bet that involves giving one team in the match a virtual advantage to equalize competition.
- Head-to-Head Betting – A wager placed on an outright winner between the two competing teams.
I
- In-Play Betting (Live Betting) – Betting placed while the event has already commenced or the game is in-play.
- Innings Runs Bet – A bet predicting how many runs one team scores in a single innings.
L
- Lay Bet – A bet against an outcome happening, commonly used on betting exchanges.
- Limit – The maximum amount a bookmaker will allow a punter to wager on a market.
M
- Match Betting – The very common type of bet, based on the determination of the result of a specific match.
- Man of the Match Bet – A bet on what player will emerge as the best in the said match.
- Markets – An available betting on a particular match.
O
- Odds – The numerical presentation based on the exact probability of happening of an Event.
- Over/Under Bet – A bet on whether a statistic, such as total runs or wickets, ends up over or under a certain number.
- Outright Winner Bet – The bet on the winner of a tournament or league team/player.
P
- Parlay Bet – One bet involving several individual ones that must win in their entirety to be paid.
- Player Performance Betting – Wagers depending on single-player performance: how many runs or wickets, and sometimes even boundaries, taken or made.
- Point Spread – A form of handicap bet, where one team is given either a points head start or a disadvantage.
- Pre-Match Betting – A type of bet given before the commencement of a game, as opposed to live betting.
R
- Runs Handicap – Where one of the teams is provided with a virtual start in runs.
- Return on Investment – Used to refer to the gainfulness in betting.
S
- Stake – Sum of money risked on any given bet.
- Specials Betting (Prop Bets) – Betting on an unusual outcome during a match – the number of sixes and dismissals made, even which team wins or loses a coin toss.
- Spread Betting – A type of bet in which the payout or loss is decided by how much the result of the race or competition differs from the bookmaker’s forecast.
T
- Top Batsman/Bowler Bet – Betting on who will make the most runs or take the most wickets.
- Total Runs Bet – Predicting what the total runs in a match will be.
- Toss Winner Bet – Betting on who wins the coin toss.
U
- Underdog – The team or player ‘on the ticket’ that is not expected to win or with higher odds for a payout.
- Unit Betting – A fixed percentage of one’s bankroll wagered for each bet.
V
- Value Bet – A wager that is given higher odds than one perceives as the chance for the outcome actually occurring.
W
- Win Bet – The simple form of a bet where placed on which team will win a match.
- Wicket Market – A market based on the over or under wickets that may fall in a particular innings or match.
Happy betting, and may the odds always be ever in your favor!
FAQ
Generally, the most successful approach involves research, bankroll management, and understanding the different bet types.
Odds are a reflection of probability and, thus the possible return relative to the stake placed.