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If you want to know more about cricket betting and Live Cricket Satta rates then you are at the right place. In this article, we would like to share everything that punters should need to know about Live Cricket Satta. So, quickly let’s hop into the article.
Cricket is one of the most popular sports all over the world. Like any other sport, punters can also bet on their favorite cricket matches. Bookmakers provide various cricket betting options such as match-winner, toss-winner, top batter, top bowlers, most sixes, and much more. Punters can bet on ODI’s, test matches as well as on T20i’s.
‘Rate’ or ‘Odds’ get used to these words if you want to be successful in live cricket Satta. You need to be capable of reading and understanding the live cricket Satta rates. A punter has to be capable enough to calculate how much he can win for the amount he is risking.
But if you are one among those who don’t understand the live cricket Satta rates yet that’s completely ok, because below we are going to learn more about how do bookmakers set their cricket odds, the reasons why odds change and understand the how to read American, Fraction and Decimal odds of live cricket.
Bookmakers set live cricket Satta rates based on two factors:
First, let’s understand the probability of each outcome. We’ll use cricket as an example.
There are three outcomes of a match, and these are the odds that the bookmaker gives to each one
Next bookmaker’s own margin
Every bookmaker will have a default margin they set for themselves. It might be applicable for overall sports or based on a specific sport, match, or event. The live cricket Satta rates could even be swayed by the public. Traditional margins revolve around 105 to 107% depending upon your bookmakers.
Here’s what live cricket Satta rates look like including the bookmaker’s margin.
Royal Challengers Bangalore (to win at a rate of 1.54) – 65%
Chennai Super Kings (to win at a rate of 5.55) – 18%
No results (to win at a rate of 4.12) – 24%
Total Possibility – 107%
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The straightforward answer for this is bookmaker needs to take action on both sides to be even in order to earn a profit. For instance, RCB has odds of 1.40. You will place a bet of 140 Rs to win 100 Rs. CSK has odds of 1.20 you will place a bet of 100 to win 120. Suppose 2 punters place a bet, one for 140 on RCB and another for 100 on CSK.
Assume CSK loses the bookmaker collects 100 Rs from the punters. But he still has to pay out to the punter who bet on RCB. He still has to pay him 100 Rs. If there are too many bets placed on the CSK then the bookmaker could face a huge loss. If the bookmakers noticed too many bets on CSK they will adjust the odds to encourage punters to bet on RCB.
This way he doesn’t has to face a huge loss. If the game goes the other way the bookmaker collects 140Rs from the punters who have placed bets on RCB and pay 100Rs for those punters who placed bets on CSK and keeps 40 Rs as his profit.
Bookmakers list odds in 3 different ways. Decimals rates are the most commonly used by bookmakers.
These odds are written in whole numbers with a plus (+) or minus (-) sign in front of them. For instance,
RCB: +120
CSK: -140
The plus sign means the team is going favorite, and that punters need to bet place a bet of 100Rs to win the amount shown. In this example, punters should bet on 100 Rs to win 120 Rs.
The minus sign means the team is an underdog, and punters need to bet the amount shown to win 100 Rs. In this case, punters need to bet 140 Rs to win 100 Rs.
These live cricket Satta rates are used in the UK. They are displayed as fractions.
For instance: 1.5/1, these rates are read like this: you place a bet of 100 Rs to win 150 Rs.
Decimal odds are the simplest rates to read. These are just possibilities converted into percentages. All you need to do is to take 100% and divide that by the possibilities of an outcome.
For instance, assume that outcome is 50%. You can calculate it like this 100% (total) / 50% (possible outcome) = 2.0
Example 2: Assume that the possible outcome is 65%. The live cricket Satta rates are calculated like this: 100/65 = 1.54.
Below is a list of some popular types of live cricket betting
Also Read: HK Matka | HK Matka Guide > How to play HK Matka
Hope you liked this article and found it instructive. Get your live cricket Satta id from a trustworthy site and enjoy your online betting journey.
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