How to trade cricket matches with Betfair
Display net of commission. Display "what if" figure [? Cash Out on Market View. Show Cash Out confirmation. Hide the Games modules. Cricket Highlights 1 X 2. Backing and Laying on the Betfair Interface Betfair allows gamblers to both back bet for and lay bet against outcomes.
The picture above shows the Betfair market for 3rd T20 between Pakistan and a World XI just over an hour before the start. I have Pakistan backed earlier at odds of 1. If I wanted to I could now lay bet against Pakistan at odds of 1. The big advantage of Betfair over traditional bookmakers is that you are able to trade the markets in this way. Instead of placing your bet and waiting for the result you can close out your bet at any point. You only pay commission on the amount you win on a market.
If you lose you pay Betfair nothing. The Betfair match odds market remains open unmanaged throughout the game.
For games on TV the amounts traded go into the tens of millions and there is plenty of liquidity available for every ball. Gamblers can bet at any point during the match. For instance, if you think a batsmen has a good record against a particular bowler you can back his team when the match up happens. You can then trade out and lay the team when the bowler finishes his over. If you think a wicket is about to fall you can back the bowling team and lay the team at reduced odds if the wicket happens.
In short, you can bet on the outcome of any passage of play by trading the match odds market. We're sorry to say that this promotion is not available in your country. We're sorry to say that this promotion is not available in your chosen currency.
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