Cricket betting exchanges are platforms that allow users to bet against each other, rather than against a traditional bookmaker. This peer-to-peer betting model provides a more dynamic betting environment with potentially better odds and opportunities for both backing and laying bets.
Betting exchanges typically offer markets for various cricket formats, including:
Similar to match betting with bookmakers (Six6s). You are betting on the outcome of the match – Home win, away win or Draw. You can either back a team to win or lay a team to lose. The odds are determined by the market based on what punters are willing to back and lay.
You are betting over or under a specified total of runs in an innings. You can back over or under or lay over or under. The odds depend on the batting lineup and pitch conditions.
You are betting on a batsman to be the top scorer in the match. You can either back a batsman to be top scorer or lay a batsman not to be top scorer. The odds are based on the batsman’s form and ability.
Fall of next wicket
You are betting on whether the next wicket will fall before or after a specified total of runs. You can back under or over the runs or lay under or over. The odds depend on the batsmen at the crease and bowling attack.
You are betting on whether the total runs in a session will be over or under a figure. You can back over or under or lay over or under. The odds depend on the batsmen in the middle and pitch conditions.
Next man out
You are betting on which batsman will be the next to get out. You can either back a batsman to get out next or lay a batsman not to get out next. The odds are based on the batting ability and form of the batsmen at the crease.
In a betting exchange, users can either back a particular outcome (betting that it will happen) or lay an outcome (betting that it won’t happen). This dynamic allows for more flexibility and control over your bets compared to traditional bookmakers.
When using a betting exchange, it’s essential to understand how the platform works, including commission fees, liquidity, and market depth. Additionally, always approach betting responsibly and be aware of the risks involved. If you or someone you know is struggling with gambling addiction, seek professional help from a trusted organization or counselor.
The main difference from bookmakers is that at betting exchanges, the odds are determined by the market based on the bets placed by punters. The exchange does not have any risk as they charge a small commission on winnings. Betting exchanges often have better odds than bookmakers due to the lack of profit margin.