Betting on cricket has grown into one of the most popular online activities, especially in India and across Asia. Platforms like Crickex make cricket betting simple, accessible, and rewarding for fans. However, one of the biggest challenges new bettors face is understanding how odds work. Without knowing how odds are calculated and displayed, it’s difficult to make informed betting decisions.
This guide provides a complete breakdown of Crickex odds, how they are presented, what they mean, and how you can use them to maximize your chances of success.
What Are Betting Odds?
Odds are the foundation of betting. They represent the probability of an event happening and determine how much money you stand to win. On Crickex, odds are displayed in different formats depending on your preference, but their purpose is always the same:
- Show the likelihood of a result.
- Indicate the potential payout if your bet is successful.
For example:
- If India is heavily favored to win a match, the odds will be lower (e.g., 1.40).
- If Bangladesh is the underdog, their odds might be higher (e.g., 3.00).
The higher the odds, the less likely the outcome, but the bigger the reward if it happens.
Odds Formats on Crickex
Crickex offers multiple odds formats to cater to bettors worldwide. The three main formats are:
1. Decimal Odds
This is the most popular format in India and Europe. Decimal odds show the total payout per unit stake, including your original bet.
- Example: Odds of 2.50 mean that for every ₹100 bet, you’ll receive ₹250 (₹150 profit + ₹100 stake).
👉 Formula:
Payout = Stake × Decimal Odds
2. Fractional Odds
Used mostly in the UK, these are shown as fractions like 5/2 or 7/4. They represent profit relative to stake.
- Example: Odds of 5/2 mean you win ₹5 for every ₹2 staked.
👉 Formula:
Profit = (Stake × Numerator) ÷ Denominator
3. American Odds
Popular in the US, these can be either positive (underdogs) or negative (favorites).
- Example: +200 means a ₹100 bet gives ₹200 profit.
- Example: -150 means you need to bet ₹150 to win ₹100 profit.
How Crickex Sets Odds
Crickex uses expert analysts, algorithms, and live market data to set odds. Factors include:
- Team strength and recent performance – Form, rankings, injuries.
- Player stats – Batting averages, bowling strike rates.
- Pitch conditions – Spin-friendly or pace-friendly.
- Weather forecasts – Rain can reduce overs and change outcomes.
- Head-to-head history – Previous matchups between teams.
- Live match situation – Odds update in real time during live betting.
This dynamic system ensures fair, competitive odds that reflect real probabilities.
Understanding Implied Probability
Odds don’t just show payouts — they also reflect the implied probability of an event.
👉 Formula:
Implied Probability = (1 ÷ Decimal Odds) × 100
Example:
- Odds of 2.00 → Implied probability = 50%
- Odds of 1.25 → Implied probability = 80%
- Odds of 4.00 → Implied probability = 25%
This helps you understand what the bookmaker thinks the chances are.
Types of Cricket Bets on Crickex and Their Odds
Crickex offers a wide variety of markets, each with its own odds structure.
1. Match Winner Odds
The most straightforward market — bet on which team will win.
- India @ 1.50
- Pakistan @ 2.70
If you bet ₹100 on Pakistan and they win, you earn ₹270.
2. Toss Winner Odds
A 50/50 market where both teams usually have odds around 1.90–2.00.
3. Top Batsman/Bowler Odds
Bet on which player will score the most runs or take the most wickets. Star players like Virat Kohli or Babar Azam usually have lower odds, while lesser-known players offer higher returns.
4. Over/Under Odds
Bet on whether runs scored in a match/over will be over or under a set number.
- Example: Runs Over 160.5 @ 1.85
- Runs Under 160.5 @ 1.95
5. Live/In-Play Odds
Odds change dynamically with each ball. A boundary, wicket, or partnership can shift odds instantly. This is where many bettors find excitement.
How to Read Crickex Odds with Examples
Let’s take a real match scenario:
India vs England T20
- India: 1.60
- England: 2.20
- If you bet ₹100 on India and they win → Return = ₹160 (Profit ₹60).
- If you bet ₹100 on England and they win → Return = ₹220 (Profit ₹120).
The bookmaker suggests India has a higher chance of winning, but betting on England offers bigger rewards.
Value Betting on Crickex
Smart bettors look for value bets, where they believe the probability of an event is higher than the odds suggest.
For example:
- Bookmaker odds: Player scoring 50+ runs @ 3.50 (28.5% implied probability).
- Your analysis: Based on recent form, you think the player has a 40% chance.
- This is a value bet because your prediction gives better chances than the bookmaker.
Using Odds in Bankroll Management
Understanding odds also helps you manage your bankroll.
- High odds = Higher risk, higher reward.
- Low odds = Safer bets, smaller profit.
A good strategy is to balance both: place safer bets with low odds while occasionally trying higher-odds bets for bigger wins.
Common Mistakes Bettors Make with Odds
- Misunderstanding decimal vs fractional odds.
- Ignoring implied probability.
- Overvaluing underdogs just because of high payouts.
- Betting emotionally on favorite teams instead of analyzing odds.
Avoiding these mistakes can significantly improve your Crickex betting experience.
FAQs on Crickex Odds
Q1. What is the minimum bet amount on Crickex?
Most cricket markets allow small minimum bets, usually starting from ₹100.
Q2. Can I change odds format on Crickex?
Yes, Crickex allows switching between decimal, fractional, and American odds in settings.
Q3. Why do live odds change so fast?
Because cricket is dynamic. A wicket, boundary, or weather change can instantly shift probabilities.
Q4. Which odds format is easiest for beginners?
Decimal odds are simplest since they show total payout per unit stake.
Q5. How can I find value bets on Crickex?
Compare bookmaker odds with your own analysis of player form, pitch conditions, and team strength.
Understanding how Crickex odds work is essential for successful betting. Odds reflect both probability and potential payouts, and learning to read them properly can give you a huge advantage. By analyzing implied probability, comparing live markets, and identifying value bets, you can make smarter, more strategic wagers on Crickex.
Whether you’re a beginner or an experienced bettor, knowing the ins and outs of odds transforms betting from mere luck into a skillful pursuit. With this knowledge, you’ll be better equipped to enjoy cricket betting on Crickex responsibly and profitably.
