Cricket spread betting Explained
Sporting Index gives you the opportunity to bet on one of the world’s most popular sports with the widest range of betting markets.
What is cricket spread betting?
Sporting Index offers hundreds of markets on cricket, relating to runs, wickets, win indices and the performances of individual players. So, whether it’s one day Internationals, Test matches, Twenty20 games, or county cricket, we offer spread betting on every format.
The more right you are about the outcome of a performance, match or series the more you can win, but if you get it wrong you may lose more than your initial stake.
How to spread bet on cricket
Sporting Index makes predictions on a number of events and scenarios within a cricket match. The spread has two prices, a buy and a sell price.
If you believe Sporting Index has pitched a quote too low, spread bettors can buy at the higher price, anticipating that the make-up of the market will be bigger than that price.
Likewise, if spread bettors think the buy price is too high then they can choose to sell at the lower price, believing the final make-up will be below the price they have sold at.
As a result, cricket spread betting offers much more variety than just backing a team to win or lose.
Here are some of our most popular cricket spread betting markets.
What is cricket supremacy spread betting?
One of the simplest cricket spread betting markets is a Supremacy spread bet. Put simply, this is one team’s dominance over another expressed in runs and wickets.
Instead of betting on the result of a match - the home team to win, the away team to win, or the match being drawn - you can bet on the margin of victory.
For a Supremacy spread bet in cricket, the winning margin is based on either one point per run won by or 10 points per wicket won by.
For example, our traders may quote Australia over England with a Supremacy price of 20-30 in a One Day International. If the Aussies beat England by 70 runs, the market will make-up at 70 - with your winnings being calculated at 40 x your stake if you had bought at 30.
If England won by one wicket, however, the market would make-up at -10, with a buy at 30 resulting in a loss of 40 x your stake.
Do you offer in-play cricket betting?
There is no better sport for spread betting than cricket - and it comes into its own in-play. Before each match our trading team will predict all manner of markets, such as how many runs a team or batsman will score, or how many wides it will concede or wickets he will take.
These spreads are updated after every ball and will fluctuate depending on factors including run-rate, wickets lost, or even weather conditions. This allows spread bettors to pit their cricketing knowledge against ours during any time of the match.
The most popular in-play markets are:
Fall of Next Wicket
This market gives you the opportunity to challenge our prediction of the score when the next wicket falls.
Here's an illustration. With England at 70 for 2 on a seaming pitch, we might forecast that the fall of the next wicket will be approximately 30 runs later. As a result our prediction would be 98-102.
If, on the other hand, you believe England will build a decent third wicket partnership, you buy at 102 runs, for the stake of your choice. But if England lose their third wicket the very next ball with the score still on 70 you will lose 32 times your stake (70 - 102) x your stake. Alternatively, if England put on a further 62 runs for the third wicket, you will make 30 times your stake: (132 - 102) x your stake.
For this market we predict the number of runs that will be scored in each session of a Test match.
As an example we might predict that 78-82 runs will be scored in the second session of play (lunch until tea). With the lunchtime score at 70 for 1 and the weather set fair, you may believe that batting would become easier in the second session, so might bet high (buy) at 82, for the stake of your choice.
This market awards 25 points to the winning team of a Test match, 10 points to both teams for a draw and 0 points for a loss. You can bet on either team to perform better or worse than our prediction. This market is updated as the match progresses.
For example, at the start of a Test match between England and New Zealand, we might price England at 16-17.5 on the Win Index.
If you think England justify this favouritism you bet high at 17.5 for your chosen stake, in this case if England confirm your view and go on to win the match they would be awarded 25 points and New Zealand 0 points. If you buy at 17.5 you would make 7.5 times your stake. But if you sell England at 16 then you will lose 9 times your stake
New Zealand, on the other hand, might be priced at 5-6.5 at the start of the same Test. If you Buy at 6.5 it would be important to note that both a draw and a New Zealand win would be profitable for you.
What cricket series bets can I have?
As well as betting on one-off matches, you can place cricket spread bets on the outcome of a series such as Tests and One Day Internationals, World Cups, or domestic competition’s such as the County Championship.
This allows spread bettors to take a longer-term view of the game over a few weeks or months, or during the course of a season. These are updated regularly.
The most popular series markets are:
These markets allow you to be with or against a particular player during the course of the competition, depending on whether you think they will score runs or take wickets - or not.
If you think a batsman will score more runs than our traders estimate, you buy at the higher level of our prediction, but if you think they’ll struggle you sell at the lower level.
Likewise, if you think a bowler will take more or less wickets than the number we’ve quoted, you can test your prediction against our one.
For example, in a three match Test Series we might predict that Ian Bell will score 200-210 runs.
If he then hits scores of 46, 59, 21, 23, 0 and 101 in the three matches, his total runs add up to 250.
Had you gone high (bought) at 210 you would have made 40 times your stake: (250 - 210) x your stake. But if he had only managed a total of 180 runs, the same bet would have lost you 30 times your stake: (180 - 210) x your stake.
Highest Innings Score and Lowest Innings Score
These two markets are based on the highest/lowest number of runs either side will score in an innings during the course of a competition.
For example, during a Test Series we might predict that the highest innings score from either team will be 480 - and set our spread at 470-490. If you believe that’s too low you would buy at 490 for the stake of your choice.
If one team notches 530 in a Test and this proves to be the highest total of the series, this bet would reward you with 40 times your stake: (530 - 490) x your stake.
But if the batsmen struggle throughout the series and the highest total is only 440, you would have lost 50 times your stake. (440 - 490 = 50) x your stake.
This market is based on the combined number of runs scored by an individual batsman over and above 50/100, in a competition.
For example, if a player scored three centuries in a series with totals of 101, 109 and 121, then Series 100 ups would make-up at 31 (1+9+21=31).
The total number of 4s, 6s, run-outs or wides during a series.
What run-related markets are available?
Given the importance of runs in matches, cricket spread betting markets related to them make up the majority of bets placed by our customers.
As a result, we offer spreads on the number of runs a batsman will score, either in one innings or over a full match if it lasts more than one day. You can also bet on the runs his team score, session runs or fall of next wicket.
The most popular run-related markets are:
The predicted amount of runs to be scored by a team either over a full match or one innings of a Test, ODI, or other competition.
The total number of runs a team will score in a nominated number of overs. For example, if a team scored 45 runs in the first 15 overs of a One Day International, the market would make-up at 45.
The total number of runs scored by a team in a particular session of play in a match. For example, if a team scores 95 runs in the first session of a Test match, the market would settle at 95.
The number of runs a team will score before the next batsman is given out during a particular innings.
For example, if after a wicket falls a team is on 120 for three and the next batting partnership lasts for just 10 runs, the market will make-up at 130. But if the two batsmen put on a stand of 90 before the next wicket falls, the market will settle at 210.
What bowler-related markets can I bet on?
on a bowler's performance during a match.
Before a Test match, for example, our traders will draw up a spread on how many wickets a bowler will take, either in that match or during the course of the series.
Series wickets is a straight prediction of how many wickets that bowler will take over the whole series.
This is a prediction on the method of the next dismissal in an innings.
Points are awarded on the following basis:
Caught = 0pts,
Bowled / LBW = 50pts,
Any other method = 100pts.
Click here to see our cricket spread betting markets.