You have been betting already but not getting the perfect betting tips you need? Or are you the one who hasn’t started betting yet because you worry about losing the bets?
In both cases, not to worry anymore! We are here to help you out. In this guide, we are going to tell you the best tips that you can apply to win big in CPL.
Caribbean Premier League (CPL) is in the Top 5, most-watched T20 leagues around the world.
But, before jumping into it, do note that making money by betting on cricket or any other sports depends on luck as well as strategy.
However, if you would like to give yourself an edge that only a few recreational bettors have, continue reading our tips. With CPL scheduled in August evert, you can use these CPL betting tips we are going to share year after year.
So, what are you waiting for? Let’s get started with the best CPL live betting tips our experts have put together.
1. Define your Cricket Betting Strategy
As you switch from being a recreational bettor to a professional one, the first thing you need to do is refine your strategy by limiting the scope of your bet. You might be a savvy bettor, but you are unlikely to have detailed knowledge about every player, team, league, and tournament.
Since CPL has lots of new uncapped players this year, getting to know every player is very important. In CPL, there are 6 teams to follow. Each of these teams has a squad of 16 or 17 players, and there are going to be 33 matches in total.
By the time the round-robin phase comes to an end, 4 semi-finalists are going to emerge. These 4 teams are going to play the knockout matches.
If you have to improve your winning chances, start gathering more information before it is too late. Check the current form of the players for sure.
2. Try Different Betting Sites
Just knowing about the players and teams isn’t enough. You should also search the websites of different bookmakers before a match. Strong teams can produce low odds in a wide range of markets, but the difference in betting sites will surprise you.
When you are locating the best bets on different selections, study the odds. You can do it manually by checking odds for a particular match on 2 different betting sites.
Remember, you should always sign up for a legit betting site. Moreover, you do not want to sign up on a sports betting site that caps winners to make smaller bets.
In case you are confused as to which betting sites can be the best for betting on CPL, we can suggest a few good CPL betting sites to sign up on. So, check the betting odds at different sites before placing your bet.
3. Learn Bankroll Management
Bankroll management goes beyond betting.
Want to make money by betting on cricket? You need a large bankroll. This will allow you to split up the money between multiple accounts.
Make sure your bankroll is big enough to deal with the losses. To split up more, you need to have more money.
Furthermore, if you are betting for a living, you need to have enough money for your daily expenses to make sure you don’t pull out any profit until you have a large bankroll.
How much is a lot of money?
Well, that’s for you to decide. High rollers usually have five to six-figure bankrolls. Scale according to your ambition.
4. Don’t Shy Away from Betting on Both Teams
If you bet on one team and win, you will easily harbour your loyalty to that team. You might ask, ‘what does this mean?’ Well, it simply means you would want to keep betting on the same team, irrespective of what’s the scenario.
However, you should know CPL follows the T20 cricket format where the game’s momentum changes every now and then. Thus, the team that was performing well might quickly turn out to be an outsider.
So, what do you do?
If you are backing a team and you see its price shortening, it is better to bet on the other team if you have to make a profit.
5. Check the Weather Forecast
The weather forecast has a lot to do with a match’s outcome. If it’s a sunny day, it can benefit the batsman. But if it’s cloudy, it can be favourable for the bowler.
But hey, do check to see if it is going to rain and then bet on a draw, as there is a chance that the bookies will have noticed that, too.
However, it’s better to have an idea about what the day has in store for you. Like we said, if the day is sunny, the opening batsman will have a better chance of staying on the crease longer and scoring more runs.
Nevertheless, if it’s damp and overcast, the bowlers will find it easier to move their ball. So, don’t expect many runs. Make sure you favour the team that has a strong bowling attack.
6. Understand CPL Betting Odds
Understanding cricket betting odds is crucial and not really a tip. It’s something every bettor needs to learn. In this section, we discuss the key points which will help you understand how to read and use the best CPL odds to your advantage.
Let’s consider Guyana Amazon Warriors is playing against Jamaica Tallawahs. Jamaica Tallawahs are at the odds of 1.70 to win the match. This is the bookmaker’s assessment of Jamaica Tallawahs winning the match.
Now, what are the chances of Jamaica Tallawahs winning the match? This can be answered through a simple formula.
Implied probability: 1/decimal odds
Thus, it’s 1/1.70, and that is equal to 0.588. If you convert it to a percentage, it stands at 58.8% winning chances.
To become a successful bettor, you have to understand the probability expressed through this betting odd.
But you might ask, “How much I win if I place a bet on a winning team?” Again, it’s a simple calculation.
Your profit: (Bet * Odds) – Bet
As per our example, let’s say you have placed a bet of INR 1000 bet on Jamaica Tallawahs at odds of 1.70 to defeat Guyana Amazon. Your profit will be,
Profit: (INR 1000 * 1.70) – INR 1000 = 700
So, you will make a profit of INR 700 if Jamaica Tallawahs beats Guyana Amazon.
Final Words on CPL Betting
We are sure you have understood better how Caribbean Premier League betting works.
Do the CPL live betting tips guarantee a win? No, there is no guarantee. Even the most consistent and professional bettors cannot win all their bets.
Since you are new, breaking even is the first step. If you are willing to put some work into it and follow the tips given above, you can make money by betting on cricket and CPL matches.
No matter if you win or lose, make sure to have fun!
