Live Cricket Betting Glossary: Key Terms Every Bettor Should Know

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If you’re new to live cricket betting — or even if you’re experienced — understanding the terminology is essential. The fast-paced nature of live betting means decisions must be made quickly, and confusion around terms can lead to costly mistakes. In this article, we’ve compiled a glossary of key terms and phrases used in live cricket betting to help you bet with confidence.

???? Live Cricket Betting Glossary

1. Live Betting (In-Play Betting)

Placing bets during a cricket match as it unfolds, with odds that change in real-time based on the match situation.

2. Odds

The price offered by a bookmaker, representing the potential payout and implied probability of an outcome.

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  Decimal Odds: Common format in cricket (e.g., 2.50 means you get ₹250 for a ₹100 bet).

  
  


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  Fractional Odds: Seen in some regions (e.g., 3/1 means ₹300 profit for ₹100 stake).

  
  

3. Bankroll

The total amount of money set aside for betting. Managing your bankroll effectively is key to long-term success.

4. Value Bet

A bet where your assessment of the outcome's likelihood is better than what the odds suggest. It offers positive expected value (EV).

5. Cash Out

An option to settle your bet before the match ends — either to lock in profit or reduce a potential loss.

6. Next Wicket Bet

A live bet predicting which player will be dismissed next or how the next wicket will fall (caught, bowled, LBW, etc.).

7. Over/Under Bet

Wagering on whether a total (like runs in an over or innings) will be over or under a specified amount.

8. Powerplay

A period in limited-overs cricket (T20/ODI) where fielding restrictions apply, often leading to higher scoring rates — key phase for live bets.

9. Run Rate (RR)

Average number of runs scored per over. Used to gauge scoring momentum and assess chases in live matches.

10. Required Run Rate (RRR)

The number of runs a team needs to score per over to win. Crucial in live betting to evaluate pressure on the chasing side.

11. Session Betting

Betting on short phases of play — often by session in Test matches or by 5/10 overs in limited-overs formats.

12. Innings

One team’s turn to bat and bowl. In live betting, the start or end of an innings often presents fresh betting opportunities.

13. Accumulator (Acca)

A bet combining multiple selections into one. All must win for the bet to succeed. Acca insurance may refund if one leg fails.

14. Stake

The amount of money you wager on a single bet.

15. Spread Betting

A riskier form of betting where profits or losses vary depending on how right or wrong your prediction is, not just win/lose.

16. Match Market

A general betting market covering the match outcome — win, lose, or draw (in Test matches).

17. Prop Bet (Proposition Bet)

A bet on specific occurrences within a match, such as “Will there be a century?” or “Will a batsman hit a six in this over?”

18. Lay Bet

Available on betting exchanges — betting against an outcome, such as a team not to win.

19. Boosted Odds / Price Boost

Special promotion offering enhanced odds for a particular market, often available for live events.

20. DLS Method (Duckworth-Lewis-Stern)

A mathematical formula used in rain-affected limited-overs matches to revise targets — important in live betting when weather disrupts play.

Conclusion

Understanding the language of live cricket betting helps you make better decisions, avoid mistakes, and navigate betting platforms more efficiently. Whether you’re analyzing odds, tracking run rates, or choosing the right market, knowing these key terms will give you a serious edge.