Have in mind that the success of the strategies described in this article is conditional on the fulfillment of certain prerequisites if you intend to use them in the highest-level Prime book betting id cricket competitions in the world. We have not included certain betting strategies for cricket games offered by Prime book because we consider them to be unscientific and very volatile. These strategies have the potential to result in more losses than gains.
These are Kelly's Criteria.
- The primary objective of this method for betting on cricket is to strike a balance between risk and reward, which will enable you to maximize your earnings while limiting the impact of any fluctuations in the market.
- When it comes to wagering on sports, the purpose of this strategy is to offer assistance in estimating the maximum amount that you are able to stake on a particular wager without putting your bankroll in jeopardy.
- In order for the Kelly Criteria to be effective, it is necessary to take into account the likelihood, also known as the probability, that a wager would be successful. When this condition is met, and only when this condition is met, you will have the ability to increase your wager on an option that has a higher chance of winning, while decreasing your wager on a gamble that has a lower chance of winning.
- In order to accurately calculate this probability, you will need to have a solid understanding of the game and the players that are engaged. Because of this, your evaluation will need to be objective and practical.
- As you may have imagined, there is no concrete answer to the question of how to calculate the "expected chance" of a wager being successful. Here is where the Kelly Criterion betting strategy for cricket becomes difficult to implement. If you are unable to eliminate personal bias and accurately determine a bet's "actual" possibility of winning, the Kelly Criteria will not function as it was designed to.
- The formula for the Kelly Criterion is (bp-q)/b = f, where b equals the odds (in decimal)-1, p is the estimated probability of winning, q equals the expected likelihood of losing, and f equals the percentage of your bankroll that can be put on the wager.
The Dogon Plan of Attack
- This Dogon method is entirely based on mathematics, making it the method of choice for novices.
- It is based on the strategy of "playing catch-up," in which you raise your stakes at each round in order to make up for any money you may have lost in earlier rounds. You continue to proceed in this manner until you have recouped your initial loss as well as earned the earnings you had aimed for.
- Please keep in mind that Dogon is a simple cricket betting method that, while it could aid you in the short term, if used carelessly, can lead to bankruptcy in the long term. This is something that you need to keep in mind. This is because the technique is dependent on perfect circumstances, and it also operates under the assumption that a bettor's bankroll is limitless, which is a fallacy that we are all aware of.
The method used in Denmark
So, you do not need to be Danish in order to use this strategy for betting on cricket. Now that that's out of the way, I'd like to discuss the following:
- The Danish Method is a fundamental and progressive cricket betting technique in which you increase both your investment by one unit (or your starting stake) and the odds by at least 0.5. The starting stake is the amount that you initially wager.
- Let's say you place a bet of $100 with odds of 1.50. In the event that you suffer a loss, the value of your subsequent wager will increase to $200, and the odds will change to 2.0. In the event that you suffer another defeat, your subsequent wager will be $300 with odds of 2.5. To continue in this manner. This will continue until one of your bets is successful, at which point the procedure will begin again from the beginning.
- This technique has its skeptics due to the undeniable danger that is associated with using it. In addition, if you are having a string of losses, the size of your wagers and the odds will continue to increase, giving you less control over how much money you are losing. In addition, the possibility of winning decreases with each successive option that you back, which has odds that are 0.50 percentage points better than the one before it.
