If you love online cricket betting, one of the most important things to understand is cricket betting odds.
Odds tell you how much you can win and how likely a result is — whether it’s India vs. Australia in a Test match, or Chennai Super Kings vs. Mumbai Indians in the IPL.
By understanding cricket betting odds, you can make smarter, more confident bets on trusted platforms like TigerBook.
Let’s explore what odds mean, how to read them, and how to calculate your possible winnings with real cricket examples.
What Are Cricket Betting Odds?
Cricket betting odds represent the probability of an outcome — like which team will win, who’ll score a fifty, or how many wickets will fall.
They also show how much return you’ll get if your bet wins.
In simple words:
- Low odds → Higher chance, lower reward.
- High odds → Lower chance, higher reward.
On TigerBook, odds are shown in easy formats such as decimal and fractional, so you can understand them instantly before placing a bet.
Example 1: How Decimal Cricket Betting Odds Work
Decimal odds are the most popular in India and Asia.
They show the total return (stake + profit) per unit wagered.
Let’s say in an India vs. England ODI, India’s odds to win are 1.80, and England’s are 2.10.
If you bet ₹1,000 on India:
➡️ Total Return = ₹1,000 × 1.80 = ₹1,800
➡️ Profit = ₹800
If you bet ₹1,000 on England and they win:
➡️ Total Return = ₹1,000 × 2.10 = ₹2,100
➡️ Profit = ₹1,100
Here, England’s odds are higher because they’re less likely to win — but they offer a bigger return.
Formula:
Total Return = Stake × Decimal Odds
Profit = Total Return – Stake
This is especially useful for cricket match odds live, where odds keep changing as the game progresses.
Example 2: How Fractional Cricket Betting Odds Work
Fractional odds are written like 5/1 or 3/2. They show the profit relative to your stake.
Imagine an IPL match between Mumbai Indians (MI) and Chennai Super Kings (CSK).
If MI’s odds are 3/1, it means you’ll win ₹3 for every ₹1 you bet — plus your stake back.
If you bet ₹500 on MI:
➡️ Profit = ₹500 × (3/1) = ₹1,500
➡️ Total Return = ₹1,500 + ₹500 = ₹2,000
✅ Formula:
Profit = Stake × (Numerator / Denominator)
Total Return = Profit + Stake
So, fractional odds make it easy to see how much you’ll earn for every rupee staked.
This format is still common for IPL cricket betting odds shown by international sites.
How to Calculate and Compare Cricket Betting Odds
Understanding the numbers behind cricket betting odds helps you find the best value.
You can calculate the implied probability — that is, the real chance of something happening according to the bookmaker.
➡️ For Decimal Odds:
Implied Probability = (1 / Decimal Odds) × 100
Example: Odds 2.50 → (1 / 2.50) × 100 = 40% chance
➡️ For Fractional Odds:
Implied Probability = Denominator / (Numerator + Denominator) × 100
Example: 4/1 → (1 / (4 + 1)) × 100 = 20% chance
Let’s say before an Australia vs. Pakistan T20, Australia’s odds are 1.60 and Pakistan’s are 2.40.
That means:
- Australia has about a 62.5% chance to win
- Pakistan has about a 41.6% chance to win
This helps you decide which team offers the best online cricket betting odds value.
Example 3: Cricket Match Odds Live in Action
During a live IPL game between Royal Challengers Bengaluru (RCB) and Chennai Super Kings (CSK) —
- Before the match, RCB might have odds of 1.90.
- But if Virat Kohli gets out early, odds could jump to 2.80 for RCB and drop to 1.50 for CSK.
That’s how cricket match odds live change in real time depending on the match situation — wickets, runs, or even weather interruptions.
Platforms like TigerBook update these odds instantly, so you can make quick, smart moves based on the flow of the match.
Why Understanding Cricket Betting Odds Is Important
Many new bettors jump straight into betting without understanding cricket betting odds, which leads to poor decisions.
But when you know what the numbers mean, you can:
- Identify value bets (when odds are better than true chances)
- Control your risk and bankroll
- Avoid emotional bets and rely on logic
For example, if CSK has odds of 2.50 but you believe they have a higher chance to win based on pitch and form, that’s a value opportunity.
Learning to read odds is the first step toward professional-level betting.
Bet Smarter on TigerBook
At TigerBook, you can explore online cricket betting odds, track IPL cricket betting odds, and follow cricket match odds live — all in one trusted, secure platform.
Our goal is to make betting informative, transparent, and responsible.
Every user gets access to live data, clear navigation, and reliable markets so you can make informed choices.
Quick Recap
Type | Example | Total Return on ₹1,000 | Real Match Example |
Decimal | 2.10 | ₹2,100 | India vs England ODI |
Fractional | 3/1 | ₹4,000 | MI vs CSK IPL |
Live Odds | Dynamic | Changes with match | RCB vs CSK IPL |
Responsible Gambling Reminder
Betting should always be done responsibly and for entertainment — never as a way to earn guaranteed income.
Even with the best understanding of cricket betting odds, outcomes in sports are unpredictable.
➡️ Key principles for safe betting:
Set a limit on how much you stake.
Don’t chase losses.
Bet only what you can afford to lose.
Take breaks and treat betting as fun, not financial planning.
If you ever feel you’re losing control, please reach out to support organizations like GamCare.
Final Thoughts
Understanding cricket betting odds — decimal, fractional, and live — helps you turn your passion for cricket into a smarter experience.
Whether it’s a World Cup clash like India vs. Australia, or an IPL thriller between CSK and MI, knowing how to calculate and compare odds gives you the power to bet wisely.
Next time you’re checking cricket match odds live on TigerBook, remember:
Author: Aman— Sports Analyst & Betting Educator
Aman is a sports analytics writer and betting strategy researcher with over 6 years of experience studying Indian and international cricket markets.
He focuses on helping readers understand betting data, probability, and responsible gaming practices.
His work combines hands-on experience, transparent education, and data-based insights — so readers can enjoy cricket betting safely and smartly.