February 2020


Probabilities determine the future outcomes of the results. Whether you are looking towards casino gambling or sports in general, its unwise to go ahead to bet without having extensive knowledge of betting odds and the structure that follows it. Odds are used to calculate the outcome of your investments. In the initial process of the bet, you will receive the odds impacting how much you can win. Higher odds depict a higher pay-out. Odds can be High, even and lower. Odds also detect the outcome of any activity.

How do odds work:

Imagine a topmost chess player is competing against an amateur. It’s obvious that the professional player will win. The odds on his winning will be low whereas a wager on the opponent’s winning will give higher odds. Odds are calculations and presumptions based on understanding and analysis to determine the outcome of an activity or a game.

  1. Good Odds:

Odds are probabilities based on calculation. Flipping a coin has 50-50 chances. In gambling, they mean numeric expressions, statistics, calculations, and the pay-off to take place. They play an important part in placing your bet. They are a numerical expression of the likelihood of some possible event. If you have the proper statistics, you can wager your money with extended confidence.

  1. Gambling odds are expressed in the form of numerical expressions I.e X and Y. They represent numbers and imply odds against the event you’re wagering.

Example: If an Odd is 3/1, every $1 you wager on the game, you will receive $3 in case you won.

  1. Bad Odds:

Bad Odds mean that something is unlikely to happen. If the outcome of an event is unlikely, it’s said to be having higher odds. However, people often get confused with the Odds because they confuse it with chances and probabilities.

  1. Suppose, if you were to say that the Odds of raining today are high. It would mean that it may mean that you can keep the raincoat at home.

Types of Odds:

With proper knowledge of the odds, you should be able to read how much should you bet and how much will you win, if you understand it properly. There are usually various kinds of odds and some of them are below:

  1. American Odds:

These are also known as Moneyline odds. Popular in the United States, they are represented by negative and positive numbers. The positive numbers help in determining how much a wager will win and the negative number expresses how much you need to stake in to win the desired amount. If you have a +150, it will return you $150 and if you have a -150, you need to stake $150 to get $100 in winnings. Even wager is at +100.

  1. Decimal Odds:

These are the most common odds associated with European bookmarkers but are also being adopted across the casino industry. They are expressed by a single positive number in two places. The number shows how much pay-out will be. For example, a winning bet at 2.25 will return $2.25 for every Dollar. An even-money bet is at 2.00

  1. Fractional odds:

These odds are represented by fractions and used in the UK as a traditional method of determining odds. Fractional Odds help you analyze how much money you can make by adding your original stake. It’s quite straight forward if you have 1/1, you can win one unit for one unit staked. 3/1 is “three to one”, and 5/1 “five to one”. With everyone one unit you stake, you will get 3 units. Likewise, if its 11/10 that means you can win 11 units for every 10 units you stake. There are also “odds in odds” where the profit is lesser than the staked. The example would be ¼ (four to one), you can win one unit for every four you stake.


Odds are different than probabilities. In other words, odds are an extended form of chance. What should I bet? What will be the outcome? These are questions Odds help to address. Odds are used to determine the outcome of the process and a better knowledge of odds before hitting the bet will always come in handy.

Ever since the first cricket match was held in India, the game just took off. Cricket is synonymous with India and attracts millions of audiences across various communities. If you could just walk on the roads of India, there are high chances of finding cricketing youth than that of football. The country has produced talented players like Sachin Tendulkar and Kapil dev. With the launch of IPL, India has extended its reputation in the game.

  1. Sachin Tendulkar:

Sachin Tendulkar is an Indian batsman and the former captain of the Indian cricket team. 46-year-old Sachin took cricket at the age of 15 and became the highest scorer of the game. Regarded as the best batsman of the cricketing world, Tendulkar has 100 ODI centuries in his account. He is the only player to have completed 30,000 runs in international cricket. Popularly known as little master, He has received a lot of awards from India including Arjuna Award, Rajiv Gandhi Khel Ratna Award, Padma Shri and Padma Vibushan. His first debut was against Pakistan on 18 Dec 1989.

  1. Kapil Dev:

The former Indian batsman Kapil needs no introduction. He is regarded as one of the best captains of the Indian cricket team. When India won its first world cup in 1983, Kapil Dev was its captain. 61-year-old all-rounder Kapil made his first debut against Pakistan in 1978 where he startled his Pakistani opponents with his pace. His awards include Arjuna Award, ICC cricket Hall of Fame, Wisden Indian Cricketer of the year, Padma Shri, Padma Vibhushan, and The 25 Greatest Global Living Legends in India by NDTV. A biopic on his life is being produced by director Kabir Khan.

  1. Saurav Ganguly:

Former batsman and the captain of the Indian national team is popularly known as Dada. He currently acts as the 39th president of BCCI. After playing for his school teams, Saurav made his national debuts and within no time climbed to the international platform. He scored a massive 131 runs in his first debut and after his successful performance in the following matches against Sri Lanka, Pakistan, and Australia, his place became more adamant in the Indian cricket team. After Sachin Tendulkar resigned, he was made the captain of the team. He led India to the world cup of 2003. He is the third batsman to cross over 10,000 runs. He joined Kolkata Knight Riders in the IPL in 2008.

  1. Mahendra Singh dhoni:

Dhoni was the captain of the Indian cricket team from 2008-2014. His charismatic style earned him respect among the crowd and his iconic hair attracted a token of appreciation from the former Prime Minister of Pakistan. Under his captainship, India has achieved its deserved space in the sports field. India won the 2007 ICC World Twenty20, the 2010 and 2016 Asia Cups, the 2011 ICC Cricket World Cup and the 2013 ICC Champions Trophy under the supervision of its former captain. Considered to be one of the best skippers, he made his debut against Bangladesh in 2004. His awards include ICC ODI player of the year, Rajiv Gandhi Khel Ratna, Padma Shri, Padma Bhushan, He was selected as the captain of the ICC world Text 11 three times.


  1. Virat Kohli:

Kohli has captained the Indian cricket team since 2013. He’s been dubbed as one of the best batsmen of the world. The 31-year-old captain hails from the capital city of India and is the top-ranking player in the Test cricket. He has a test rating of 937 points. Before joining the main team, he captained the under 19 teams of India where he led the team to the world cup. He reached the no.1 ICC ranking in the Test cricket in 2013. Over the years, the specialized game skills and utmost dedication Virat put in the sport earned him a respectable name. He also has a record of completing the highest centuries for the player under 30 and also the number of runs scored. He has won Arjuna Award, Rajiv Gandhi Khel Ratna and Padma Shri. Apart from the national award, he has a bag full of international honors like Sir Garfield Sobers Trophy, ICC ODI Player of the Year, ICC Test Player of the Year, ICC ODI Team of the Year, Bamy army: International player of the year.

  1. Anil Kumble:

The former cricketer played international cricket for 18 years. He remained the third-highest wicket-taker in the test cricket with 619 wickets. Kumble has a unique record to his name. In 1999, he dismissed all of the opposing Pakistani cricket team, making him the second player to do so. He was the cricketer of the year in 1993. He developed a liking for Cricket from a young age and played 132 test matches throughout his life. Hailing from Bangalore, he has won most wickets taken by an Indian player, ODI’s most wickets by an Indian. He bowled 40850 in his test cricket which is also the highest. He was conferred ICC cricket hall of fame in 2015 and a road was named after him in Bangalore, India.

  1. Rohit Sharma:

Rohit is the vice-captain of the Indian national team. He has scored three double centuries which makes him the only one to do it. The 32-year-old Sharma hails from Mumbai and also plays in the Indian Premier League. Sharma has the world record of scoring the highest runs by an individual player in a match. He scored 264 against Sri Lanka in 2014 with the highest total of sixes in a Test match. He was awarded the ICC ODI player of the year in 2019.

  1. Rahul Dravid:

Rahul Dravid is known in India as the great wall of India who is known for his sensible playing and sportsmanship. He is currently the director of Cricket Operations in Bangalore. He also coaches the under 19 teams of India and under his guidance, the team was able to reach the world cup finals in 2016. He joined cricket from the age of 12 and soon grew with the sport. As of now, he is the fourth high scorer in the test cricket. His debut was in 1996 and the last match was in 2012. He has also been awarded the Indian National award, i.e. Padma Bhushan and Padma Shri.

  1. Yuvraj Singh:

The charismatic player attracts a huge audience by his batting style. The former left-handed batsman and bowler, Yuvraj played his first match in 2003. Formerly Vice-captain of the national team, he was the man of the match in the 2011 world cup. His popularity grew when he was playing against England in the T20 world cup (2007), he hit six sixes in an over. He has also the record of reaching a half-century in just 12 balls. The player saw his downgrade when he was diagnosed with cancer but was later discharged after the treatment, he returned to the field in 2012 T20 world cup.

  1. Virendra Sehwag:

Sehwag played as a right-handed batsman and also bowled in between. He played his first international match in 1999. He scored the highest runs made by an Indian player against South-Africa. He is also one of the four batsmen in the hold to have crossed 300 in a Test Cricket match. The receiver of the Arjuna award, Sehwag was conferred Polly Umrigar Award for international cricketer of the year in 2007, ICC test player of the year in 2010 and Padma Shree – one the highest civilian in India – in 2010. He has also the third-highest individual score in ODI among other long lists of records that he holds.


When it comes to cricket in India, there is no dearth of talent. Indian cricket academies have given one of the best players to the world. Not just that, the enthusiasm that cricket attracts from India has made the sport more popular among various communities in India. In other words, Cricket may be a sport for the rest of the world but for India, it has been a heartbeat.

Pin It