Responsible Cricket Betting Practices

Apart from soccer also referred by some to as football, there is no other sport that rivals cricket in terms of global domination. Information from most sports stats sites states that there are over 2.5 billion cricket fans. Information from websites that track data of online betting sites also state that annually, over $3 billion is bet on cricket! This essentially demonstrates the popularity of the game, but above all, the popularity of cricket betting.

The mere fact that the world over, many players are eager to place cricket bets that amount to billions demonstrates how cricket betting is an enterprising adventure. The benefits they derive from their wagers keep pushing them to place more bets. The important thing, however, to note on this front is that it’s not everyone who reaps the rewards of cricket betting. Some incur massive losses after placing their bets. Those who succeed are, often, those who employ responsible betting practices in their cricket betting adventures.

Specifically geared towards the Bangladesh market, this article will expose and explore all the responsible cricket betting practices that set players on a path of guaranteed success.

Practices to Embrace in Cricket Betting

Set a Bankroll and Stick to It

The very first thing that players need to do before engaging in cricket betting is to set a bankroll. Essentially, this is the amount of money that they intend to use for their gambling adventure. This should be an amount of money that the player is willing to risk and lose. From the dedicated amount, the next step is to split the bankroll into small units which cover each wager. As a general rule of thumb, each unit should be 1% of the total bankroll amount. Putting this into practice, this means if you set aside $100 as your bankroll, each unit should be $1.

After setting the bankroll, the next step which should prevail throughout the gambling session entails sticking to the laid-out bankroll management. When referring to sticking to the laid-out bankroll management plan, we refer to doing so throughout whether you go on a losing streak or a winning streak. On this front, chasing losses is a practice that you should refrain from.

Get Rid of Emotions and Avoid Intoxicating Drinks

It’s natural that when specific circumstances prevail, distinct emotions engulf an individual. When it comes to gambling, feelings of excitement, sometimes overexcitement may engulf the player during winning streaks. Likewise, during losing streaks, feelings of fear, despair and doubt may engulf the player. Whether winning or losing, these feelings often force the player to stray from the laid-out betting strategy and embrace new ones in haste. The unfortunate thing when this happens is that the newly adopted strategies will return unwanted results as they will be based on emotions rather than reason.

Closely tied to the issue of emotions is the need to avoid taking intoxicating drinks during gambling sessions. Alcohol impairs one’s ability to think clearly and as such, it may lead players to do what they wouldn’t necessarily do.

Learn About Problem Gambling

There is a saying that talks about too much of anything being bad. This saying is true when it comes to gambling. Excessive gambling is a bad thing which can have disastrous consequences. These may be grave financial or emotional consequences. The best way to prevent falling into the excessive gambling hole is to learn all about problem gambling. When you do, you learn the pitfalls to avoid and the measures to embrace when it comes to engaging in gambling. Institutions like Gamble Aware have a worldwide reach where they allow players from all over the world with gambling-related issues to seek help whenever they are in need.

Owing to the licensing stipulations contained in the licenses that online gambling operators receive from renowned gambling regulators, they are obliged to assent to requests from players to self-exclude. Self-exclusion is an activity which players can do out of their free will to temporarily or permanently block themselves from visiting online gambling platforms. Cricket punters who feel like they have developed problem gambling can simply self-exclude and the gambling operators will, in turn, honour the requests.

Set Time Limits

Just as there is a need to stick to a bankroll management plan when engaging in cricket betting, there is also a need to stick to a time limit. Players have to set a period in which they devote themselves to placing bets. Once the set time lapses, then players have to end their gaming sessions regardless of whether they are on a losing or winning streak. Time limits are very important as they inhibit players from spending too much time at online betting sites something which may, in turn, fuel excessive use of set financial limits.

Familiarize with the Concept of Odds and Probabilities

Whenever punters start placing their bets, the first thing they notice is that each event comes with specific odds. These odds determine the probability of winning or losing. As such, they should form the basis of the player’s cricket betting strategy. The odds depending on the online betting site the player is at will come in different forms. Some odds are easy to understand as those used on the popular cricket betting site Mega Cricket World, which uses decimals.

Never Depend on ‘Good Luck’ Strategies

Some players have things that they consider to be good luck omens. Whenever they start their gambling sessions, they often seek inspiration from these omens. While this is something used by many punters, it’s not a recommended betting strategy. Rather, when it comes to cricket betting, the basis of every bet placed should be thorough research, not luck omens.

Round Up

To become a professional punter who wins more than she or he loses after placing cricket bets, it is important and advisable to always embrace responsible cricket betting practices at all times. These practices are comprehensively exposed and explored in this article.

Frequently Asked Questions (FAQ)

Q1. Are there any apps that may help players keep track of the time they spend at online betting sites?

Yes, several apps help players keep track of the time they spend at online betting sites. Some of these include GamBan and Bet Blocker.

Q2. Is winning guaranteed when you engage in cricket betting?

While cricket betting is a lucrative gambling adventure for many, winning when engaging in cricket betting is not a guarantee. It is against this background that it’s recommended to only gamble with money that you are willing to lose.

Q3. What are some of the top responsible cricket betting practices?

Some of the top responsible cricket betting practices include setting time and financial limits, avoiding gambling when emotional, avoiding the use of intoxicating drinks when gambling and learning about problem gambling as well as the game of cricket itself.