Bet365 overview

Based in the United Kingdom, Bet365 is an online gambling company offering sports betting and online casino games. The company has more than 35 million customers globally. Bet365’s sports betting is licensed by the Government of Gibraltar and regulated by the Gibraltar Gambling Commission. The North Territory Government regulates their Australian business and the company is headquartered in Stoke-on-Trent. Bet365 has offices in Malta, Gibraltar, Manchester, Bulgaria and Australia.

Bet365 cricket betting

Bet365 offers some of the best cricket odds in the industry. They provide odds usually days before the match starts. There are two types of cricket betting options available on Betfair:

• In-play betting – In-play betting is one of the fastest-growing betting mediums in the world and it allows gamblers to place bets during the gameplay. Most players have an opinion on the outcome of a match before it takes place. In-play betting allows the player to either change their mind on the outcome or back up that opinion.
• Match coupon – These are the scheduled cricket matches in a tournament or series. There are different betting markets available on the website and you can choose from one of them to place your bets.

What you can bet on?

Bet365 offers lots of betting options to their customers. You can bet on cricket, tennis, badminton, football, horse racing, baseball and many more.

Here are some of the sub-markets and betting options for cricket:

• Any test series
• Big bash women league
• World Cup
• Country championship division 2
• Ashes series
• Twenty20 World Cup

Bet 365 has bets for almost every cricket team with all stadiums around the world. The user interface of the website is quite good and you have the option to sort all matches or matches which will be played in the next 24 hours.

Bet365 cricket odds and placing bets

Betting odds represent the probability that an event will occur and therefore, enables you to know how much money you will receive if you win the bet. Once you have created an account and are logged in, you can change the odds to decimal or a fraction form from the preference settings.

Let’s see an example to use betting odds to calculate probability. For simplicity, let’s replace the numbers with letters i.e. 9/1 becomes A/B. Here is the formula for probability:

Probability (%) =B/ (A+B)

• 9/1 can be calculated as 1/ (9+1) = 0.10 – There are 10% chances that the event will happen.

Betting odds also allow you to calculate how much money you will win if you make a bet. Let’s use the same example as before, with the same replacement of letters and numbers i.e. 9/1 becomes A/B. Quite simply, you will win A plus the value of your stake for every value of B that you bet.

• 9/1 for every Rs100 you bet; you will win Rs900.

Players usually prefer to see Betfair cricket odds in decimals. Here is the calculation for decimals:

Winnings= (odds*stake)- (stake)

• 9.0 can be calculated as (9*Rs100 stake) – Rs100 = Rs800 winnings.

Bet365 has consistently ranked above average in terms of quality of odds. Bet365 cricket match odds are some of the best odds in the industry and the odds levels for some sports, such as cricket and football are as high as 97.2% and 98% respectively. The online bookmaker makes sure that its customers make good money. To improve your odds of winnings, you can check our cricket betting tips. Bet365 also offers cricket betting bonus which can help you in maximizing your profits.

Cash-out feature

Bet365 also has a cash-out feature. Users can use this feature to cash out the entire amount or a portion of it. This feature is available on selected events. You can partially cash out a bet on single bets, multiple bets options and straight accumulator bets. Keep in mind that these options will be withdrawn if the market is suspended. You must select the cash-out slider if you want to partially cash out a bet. After that, you can select the partial cash-out option. Next, you need to feed the amount you want to cash-out. The remaining stake will be settled according to the result of the bet.

Banking options

Bet365 offers a variety of payment options, such as credit card, debit card, Maestro, Laser, Neteller and cheque. You can also use your PayPal and Skrill account to deposit money. Most options here have a minimum deposit of Rs 70 to Rs 350. So, you can even deposit money if you have a limited bankroll.