Cricket betting markets sound complicated when you start. Once you understand the underlying logic, most of them are just “predict what happens in this specific phase of the game”. Twelve markets cover about 90% of all the bets placed on Funexchange. Here they are, in plain English.
1. Match Winner
The simplest market. Pick the team you think will win. T20s offer a 3-way market with “Tie” as the third option, paying around 9.50 to 12.00 when offered. Test matches add “Draw” as the third outcome.
What new bettors miss: pre-toss prices include a small adjustment for the toss probability. Once the toss is done, prices shift 5 to 10 ticks depending on who wins.
2. Top Batsman
Pick the player you think will score the most runs in a given innings. Usually limited to the top 4 or 5 batsmen of each team. Pays around 3.00 to 5.00 for openers, higher for middle-order.
The market settles on actual runs. If a player is dismissed for 0 and the next openers score 80 between them, you don’t get a refund.
3. Top Bowler
Same idea as top batsman but for wickets. The bowler with the most wickets in the innings wins. Ties usually settle by economy rate, lower is better.
4. Runs in Powerplay (Overs 1 to 6)
Total runs scored in the first 6 overs. Listed as over/under a line that traders set (typically 48.5 to 56.5 in IPL). Bet over if you think the openers will go aggressive, under if you expect a cautious start.
Two factors drive the line: the bowling team’s powerplay economy and the pitch behaviour at that ground.
5. Runs in Death Overs (15 to 20)
Same logic but for the final 6 overs. Death-over totals are higher (typically 65 to 80 in T20) and more volatile because of finishers.
6. Fall of Next Wicket (FOW)
Predict in which over band the next wicket will fall. Listed as “over 1 to 5”, “over 6 to 10”, and so on. Pays roughly 3.00 to 5.00 per band, depending on game state.
This is the market we recommend new bettors avoid in the first 5 overs of a game. Variance is too high.
7. Method of Next Dismissal
How will the next wicket be taken? Caught, bowled, LBW, run-out, stumped, or other. Caught is the most likely (50 to 60% of T20 dismissals) and pays low odds (1.60 to 1.80). LBW pays around 5.00. Run-out around 7.00.
8. Total Match Sixes
Total sixes hit in the entire match, both innings combined. Lines range from 12.5 to 18.5 in modern IPL. Ground matters a lot: Wankhede and Chinnaswamy run high, Chepauk runs low.
9. Player Runs Over/Under
Will [player] score more or less than [number] runs in this innings? Lines are set per-batsman based on recent form. Kohli might sit at 28.5, while a finisher like Hardik might sit at 16.5.
These are usually some of the sharpest-priced markets, because there’s a lot of data on each player.
10. Will There Be a Super Over
Yes/no on whether the match ties and needs a super over. Probability is tiny (around 2% in T20), so “Yes” pays 30.00 to 50.00. Cheap lottery ticket if you like the variance.
11. Toss Winner
Which team wins the coin toss before the match. 50/50 priced around 1.92 each side (the small gap accounts for commission). Settles instantly.
12. To Score a Century
Will any batsman in the match score 100 or more runs? In T20, the probability is around 8 to 15% per match. Pays 8.00 to 12.00 on “Yes”. You can also bet on a specific player to score the century.
The two markets we recommend you start with
If you’re new to cricket betting, ignore the 12 above for the first week. Stick to two markets:
Match winner, because it’s intuitive and pays out automatically when the match ends. Hold or cash out at any point.
Powerplay runs over/under, because it settles within 20 minutes of the start of an innings and the math is clean (just count runs in overs 1 to 6).
Once you’ve placed 20 to 30 bets across these two markets and feel comfortable with the platform, branch out.
FAQs
What’s the minimum bet on cricket markets?
₹50 on most. Niche markets (method of dismissal, super-over, specific-player century) start at ₹100.
How are cricket bets settled?
Automatically based on the official match data, sourced from BCCI for IPL and ICC for international matches. Settlement happens within 5 to 30 minutes after the relevant market resolves.
Can I lay (bet against) any cricket market?
Yes, on most markets. You can lay a team to win, lay a player to top-score, lay a total under, and so on. Lay options open the same trading strategies you’d use on Betfair.
Are these markets available on Tests and ODIs too?
Most. Player markets and innings totals are available in all formats. Death overs and powerplay markets only apply to T20 and limited-overs formats.
How do I learn cricket trading without losing money?
Open an account with a small ₹500 deposit, place ₹50 bets on the two beginner markets above, treat the first 30 days as tuition. Watch how prices move in real time. Scale up only if you’re net positive after 30 days.
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