Cricket Betting Glossary

60+ essential cricket betting terms explained for Indian bettors

Whether you are new to cricket betting or an experienced punter, understanding the terminology is essential. This glossary covers every term you will encounter on Laser247 and other cricket betting platforms.

A

Accumulator

A bet combining multiple selections; all must win for the bet to pay out. High risk, high reward.

Asian Handicap

A handicap system that eliminates the draw outcome, giving one team a head start in goals/runs.

Ante-Post

Bets placed well in advance of an event, often at better odds than closer to match day.

B

Bankroll

Your total betting budget. Good bankroll management is the foundation of profitable betting.

Bookmaker

A company or individual that accepts bets and sets odds. Laser247 offers some of India's best cricket odds.

Back Bet

Betting on an outcome to happen. The most common type of bet.

D

Dead Heat

When two or more outcomes tie, the winnings are divided proportionally.

Decimal Odds

The most common odds format. Multiply your stake by decimal odds to find total return (including stake).

Draw No Bet

If the match ends in a draw, your stake is returned. Only win/loss outcomes count.

E

Each Way

A two-part bet: one on winning, one on placing. Common in tournament outright betting.

Expected Value (EV)

A calculation showing whether a bet is profitable long-term. Positive EV = good bet.

F

Favourite

The team or player most likely to win according to the bookmaker's odds.

Fixed Odds

Odds that are locked in at the time of placing the bet, regardless of future market movement.

H

Handicap

A virtual advantage/disadvantage applied to even out unequal matchups.

Head-to-Head

A bet on which of two teams will win, ignoring all other outcomes.

I

In-Play / Live Betting

Betting placed after a match has started. Odds change in real time with the action.

IPL Betting

Betting on Indian Premier League T20 matches — the most popular cricket betting market in India.

L

Lay Bet

Betting against an outcome — you act as the bookmaker. Used on betting exchanges.

Live Odds

Current betting odds available during an in-progress match. Updated ball by ball on Laser247.

M

Match Odds

The most basic bet: which team wins the match?

Multi-bet

Same as accumulator — multiple selections in one bet slip.

O

Odds

The price offered on a bet, representing both the probability and potential return.

Outright

A bet on the overall winner of a tournament, series, or competition.

P

Payout

The total amount returned to a winning bettor, including their original stake.

Price

Another word for odds.

S

Stake

The amount of money you wager on a bet.

Super Over

A tie-breaking method in T20 cricket — popular betting market on Laser247.

Series Betting

Betting on the outcome of a multi-match series rather than a single match.

T

Toss Betting

Betting on which team will win the coin toss. Popular on Laser247 for quick returns.

Top Batsman / Bowler

Betting on which player will score the most runs or take the most wickets in a match.

V

Value Bet

A bet where the odds offered are higher than the actual probability of the outcome occurring.

W

Wicket Bet

Betting on how many wickets will fall in an innings or match.

Win Market

The straightforward market betting on which team will win the match.