What Index Based Cricket Betting Markets Are There?
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.