Sports Betting and Betting on Twenty20 (Twenty Twenty,T20) Cricket World Cup

(Please note that cricket-fan-india.blogspot.com is not in favour of betting, neither we promote any of these sites. Any win or loss by viewer after reading this is on his own risk, this blog do not hold any responsibility of any kind)

Were to bet, How to bet, How much to bet and on whom to bet!! all these question are pooping up in the minds of bet lover. Twenty Twenty (T20,Twenty20) cricket world cup is here and they are still confused about where to put their money. Cricket Betting!! is what those asking who don't know anything about Sports betting , here is some description for those who don't know ABC of sports betting:

Types of bets

Aside from simple wagers--betting a friend that one's favorite baseball team will win its division, for instance, or buying a football "square" for the Super Bowl--sports betting is commonly done through a bookmaker. Legal sports bookmakers exist throughout the world (perhaps most notably in Las Vegas). In areas where sports betting is illegal, bettors usually make their sports wagers with illicit bookmakers (known colloquially as "bookies") and on the Internet, where thousands of online bookmakers accept wagers on sporting events around the world. (In the United States, the legality of Internet wagering is ambiguous, due to the fact that online bookmakers generally operate outside of the U.S. Some online bookmakers do not accept wagers from the U.S. due to these unresolved legal questions.) The bookmaker earns a commission or "vigorish" by regarding the money at risk as less than the size of the bet placed. A common line is a $110 bet on a fair coin which pays $210 to win and $0 to lose. On this line, it costs $220 to bet both sides of the same coin simultaneously, but the combined bet always pays $210. The $10 loss constitutes the vig. There are opposing positions on whether the winner or loser can be construed as paying the vig, but this debate is not especially meaningful. If you view $110 to win $210 on a fair coin as $100 at risk, then it will appear as if the loser pays the vig; if you view the same line as $110 at risk, then it will appear as if the winner pays the vig. It happens that standard practice among bookies is to adjust odds so the amount at risk remains constant from the winning side of the proposition, hence the common perception that the loser pays the vig. Vigs expressed as percentages suffer from the same perceptual bias. On the line as given in this example, for a fair coin, the bookie has an expectation of making $5 for each $110 bet placed, which is often divided out and expressed as 4.5% Odds on teams or opponents are quoted in terms of the favorite (the team that is expected to win, thus requiring a riskier wager) and the underdog. [Read More..]

Bookmaking

Most people believe that bookmakers adjust their prices so that they get the same amount of money on both sides of a game. Theoretically, the bookmaker's only financial interest in the bets it accepts is the vigorish it takes from losing wagers, and it simply wants to ensure that the amount of wagers on each side is equal. However, some bookmakers are willing to take more risk and attempt to maximize their bottom line. While having an exactly equal amount of money wagered on each contestant would guarantee themselves a profit and eliminate their risk, that won't necessarily maximize their bottom line. They can make more money when they accept bets at odds which are "inflated" from those which are likely to occur. So for example, if the majority of their customers are going to bet on a team regardless of the price, they will set the price as high as possible. This is called "shading" the line. Generally, the public prefers to back the favorite, and unsophisticated bettors often show up during large events such as the Final Four and the Super Bowl. Some bookmakers actually offer different prices to different customers, using past bets as an indicator of who the customer will bet on as a way of additionally increasing their potential profit.[Read More..]

Here are few sites who do betting on cricket and other sports

IASbet.com Cricket punters receive top cricket betting odds when wagering at IASbet as well as a choice of 3 generous sign-up bonuses upon registration. We quote cricket betting odds on Test Series Cricket Matches, One Day Cricket Internationals, Twenty20 Internationals and Australian and English Domestic Matches and other selected events including a wide range of exotic cricket betting odds on all major tournaments; The Ashes, Cricket World Cup, Twenty20 World Cup. IASbet cricket betting odds can be viewed at the top of this page, select a cricket betting opportunity that interests you and become a winner at IASbet. Read More...

Betfair Ok, so you have your High Street bookmaker and your 'tic-tac' man, that is the bookie you might see waving his arms around at a racecourse. With that kind of traditional bookie, he offers you odds on an event and you decide whether you want to take them or not. But those guys built a big fat margin into their odds, partly because they can, and partly because they’re taking risk and they want to cover the times when their spies get it wrong and results go against them, so the odds will hardly ever be the best you can get – Betfair is different. Instead, in the year 2000, we launched the world’s first betting exchange, similar to, say, the London Stock Exchange. That means our customers choose their own odds, just like people on the stock market choose what price they want to buy and sell shares at, and Betfair matches all the bets. We charge a small 5% (or less!) commission on any winning bet, and because every bet has a winner, that means we don’t have to build in a great big fat margin in addition, like the other bookies do. Read More...

http://www.totesport.com/ totesport is synonymous with horseracing. From morning until night you can get on our early prices from Ascot to stateside racing from Arlington Park. What’s more we are proud sponsors of Channel 4 racing and remember “our profits stay in racing”! Our totepool bets offer you more choice, where you can win big from small stakes with the totescoop6 and the daily totejackpot. Some of our bets are unique to totepool, like the popular toteplacepot where it's possible to win without backing a winner, while other bets like the totewin, toteeachway, toteexacta (forecast) and totetrifecta (tricast) offer a competitive alternative to their fixed odds equivalents. Read More...

http://www.paddypower.com/ Paddy Power is Ireland's biggest and most successful bookmaker. It conducts business through a chain of licensed betting offices along with operating Ireland's largest telephone (Paddy Power Dial-a-Bet), online (paddypower.com), casino (paddypowercasino.com) and poker (paddypowerpoker.com). The company also markets its services in the UK and is a publicly quoted company, listed on both the Irish and London Stock Exchanges (http://www.paddypowerplc.com/). Paddy Power, founded in 1988 by the merger of three existing Irish high street bookmakers, takes an unconventional approach to betting and gaming believing them to be firmly rooted in the leisure and entertainment space. Read More...

http://www.vcbet.com/ mind, it seems a relevant time to look back at how the business has grown into the international betting and gaming business that it is today.The story began back in 1925 when Victor's grandfather, William, opened up Walthamstow Greyhound Stadium, still a popular sporting venue owned by the Chandler family today. However, it was not until 1946 that Victor Chandler senior created the company as we know it now. Read More...

http://www.skybet.com/ It matters more when there's money on it. And that's a fact. Sport becomes even more exciting. There's more passion, more pleasure and more pain. You'll laugh like a villain. You'll cry like a child... Simply open an account (make sure you are over 18!) via any channel and you can then bet via the internet, interactive TV, Telephone or mobile. It doesn't cost to join, so don't delay - It matters more when there's money on it! Read More...

http://www.coral.co.uk/sb.go?page=index&lang=20&sid=20 The merger of the Gala Group and Coral Eurobet in October 2005 created Europe's largest integrated betting and gaming group and one of Britain's largest privately owned companies. Indeed at the recent Financial Awards Dinner it was voted 'Deal of the Year' for 2005! The new Gala Coral Group has over 18,000 employees and generates over £400 million of EBITDA from over 1,750 trading outlets serving over two million active customers each year, which represents nearly 5% of the adult population of Britain.Read More..

http://www.bluesq.com/bet?AFF_ID=209 Blue Square was launched on 5th May 1999 and is one of the largest interactive betting services in the UK. The product suite offered by Blue Square has grown from its traditional bookmaking business to now offer all aspects of the gaming market including casino, slots and poker with a goal to increase the product range in the near future. The fixed odds betting services covers many channels including the Internet, Interactive TV, WAP and telephone. Blue Square was a wholly owned subsidiary of the Intercapital Group Ltd (ICAP) until January 2003 when it was acquired by Rank, one of the UK's leading leisure and entertainment companies. Rank's assets include casinos, bingo clubs and on-line gaming. Blue Square was integrated with Rank Interactive Gaming to create a major force in on-line gaming with a combined customer base of over 750,000 customers.More info..