How to bet on Parimatch: cricket odds explained

You pick a match, choose a market, tap a price, enter a stake on the bet slip and confirm.

What matters is everything behind those actions: what the price means, how much of it is the house’s margin, and how the market is settled. This guide explains those things for cricket and gives no tips and no predictions.

We have placed no bet ourselves, so the guide describes how sportsbooks work in general. The screens you see with an agent’s ID may look different, because that ID may be for a different panel.

A sportsbook sets the price and takes the other side of your bet. An exchange matches you with another bettor and charges a commission.

Parimatch is a sportsbook. An ID from an agent may be for a different panel, including an exchange-style one, so ask which kind you are getting. The rest of this guide covers the sportsbook kind.

A decimal price is the total paid back for every ₹1 staked, with your stake included.

A price of 2.00 is called evens: the profit equals the stake. Below 2.00 the profit is smaller than the stake, and above 2.00 it is larger.

It is the chance of winning that a price stands for, and you find it by dividing 1 by the decimal odds.

At 2.00 the sum is 1 ÷ 2.00, which is 0.50 or 50%. At 1.25 it is 80%, and at 4.00 it is 25%. The shorter the price, the higher the chance it implies.

The figure is useful because it turns a price into something you can compare with your own view. The implied chances of all the outcomes in a market add up to more than 100%, and the next entry shows why.

It is the amount by which the implied chances of all outcomes add up to more than 100%.

The margin in this example is 4.05%. Without it, the two prices would be about 1.925 and 2.08 instead of 1.85 and 2.00. You pay it by receiving slightly less than the true odds on every winning bet.

It is the three-way result market: 1 is the home or first-named team, X is the draw, and 2 is the away or second-named team.

• In football all three outcomes are possible in every match, so 1x2 is the standard market.
• In Test cricket the draw is a real result, so the match market carries three prices.
• In T20 and one-day cricket the market is usually two-way. A tie is then decided by a super over or by the market’s own rule, so read that rule first.

The margin shows up in the same way. With example prices of 2.10, 3.40 and 3.60, the implied chances are 47.62%, 29.41% and 27.78%, which add up to 104.81%.

You back one team to win the match, and the bet is settled on the declared result.

It is the simplest market and usually the one with the lowest margin. Two details in its rules are worth reading before you stake. The first is whether a super over counts in a tied T20. The second is what happens when a match is shortened by weather, which entry 18 covers.

In Tests you will often see two versions side by side. The three-way version loses if the match is drawn. “Draw no bet” returns your stake on a draw and pays a shorter price in exchange.

Yes. Sportsbooks price the toss and a list of other markets before the first ball.

The toss shows the margin at its plainest. If both captains are priced at 1.90, each price implies 52.63% and the two add up to 105.26%. A coin has no form to study, so that 5.26% is simply the cost of the bet.

You bet on whether a number, such as the total runs in an innings, will finish over or under a line set by the sportsbook.

Take a first-innings line of 165.5 runs in a T20. The half run is there so that the total cannot land exactly on the line.

Both sides are often offered at the same price. At 1.87 each, both imply 53.48%, the total is 106.95%, and the margin is 6.95%.

They are over/under lines on one part of an innings, such as the first six overs, the first ten, or the runs scored before the next wicket falls.

Each works like the innings total in the entry above, on a smaller slice of play.

A handicap, sometimes also called a run line, gives one team a head start. Team A at minus 12.5 runs must win by 13 or more for the bet to win. The rules for a team that wins while chasing, and so wins by wickets and not runs, differ between sites.

You bet on one player’s numbers: runs scored, wickets taken, or an award such as player of the match.

• Batter runs: an over/under line, such as 24.5, for one named batter.
• Top batter: the highest scorer in a team or in the match.
• Bowler wickets: an over/under line or an exact number.
• Player of the match: settled on the award announced after the game.

Read the participation rule in every case. A bet on a player who is left out of the starting eleven is typically void. A batter who is picked but never faces a ball is treated differently from one sportsbook to the next.

Prices are recalculated after every ball, and the market is suspended whenever something important happens.

Two delays work against you. Your television or stream runs some seconds behind the ground. The sportsbook also holds an in-play bet for a few seconds before accepting it, and if the price has moved in that time the bet is rejected or offered again at the new price. The sportsbook’s data feed is faster than your screen, so the price already includes what you have not yet seen.

A single is one selection. An accumulator joins several selections into one bet, and every one of them must win.

Accumulators also go by the names multi, parlay, combo and express.

The margin is charged on every selection and the selections multiply, so the share kept by the house grows with each one you add.

Suppose every selection is a true even chance. The price without margin would be 2.00, and the sportsbook offers 1.90.

The five-selection bet looks attractive, because ₹100 returns ₹2,476. At prices without margin it would return ₹3,200, and it wins only once in 32 attempts on average.

Cash-out lets you settle a bet early at a value the sportsbook offers, and that value contains a second margin.

Here is an example. You stake ₹1,000 on a team at 2.00, so the bet would return ₹2,000. Midway through the match the team is on top and its price has shortened to 1.25. The value of your bet at that moment is ₹2,000 ÷ 1.25, which is ₹1,600. The cash-out button will show less than that. If it shows ₹1,520, the ₹80 difference, 5% of the value, is what the early exit costs you.

Cash-out is an offer and can be withdrawn at any moment. It is commonly suspended when a wicket falls, and it is often unavailable on bets placed with bonus money.

Tap a price to add it to the slip, type the stake, read the potential return, and confirm.

1. Open the match and the market, then tap the price. It lights up and the selection appears on the slip.
2. Check that the slip shows the right team, the right market and the price you tapped.
3. With more than one selection, choose the single or the accumulator tab.
4. Enter the stake. The slip shows the potential return and the minimum and maximum stake for that selection.
5. Choose what should happen if the odds change before acceptance: accept any change, accept only better odds, or ask each time.
6. Confirm. The bet exists only when the slip shows it as accepted and gives it a bet number.
7. Find it under open bets and note the number, which you will need for any query.

An accepted bet cannot be cancelled because you changed your mind.

A settled bet has been marked as won or lost and paid. A void bet is cancelled, and the stake is returned.

A third outcome, the dead heat, divides the stake when two players tie for a position.

It depends on the market and on the sportsbook’s own rules, though the general pattern is similar across the industry.

• Match winner: the bet stands if a result is declared, including one reached by the Duckworth-Lewis-Stern method.
• Abandoned with no result: match winner bets are void and stakes are returned.
• Innings totals: these usually need the full overs, or a stated minimum, unless the line had already been passed.
• Session and over markets: void if the overs concerned were not completed, unless the result was already decided.

These are general terms and we quote no site’s rules. The cricket rules of the sportsbook in front of you are what bind your bet, so read them before a match with rain forecast.

They are shown on the bet slip for each selection, and we print none.

The minimum stake is normally one small fixed amount. The maximum varies with the market. It is highest on the main match markets and lower on player markets and in-play. On an agent’s ID, the panel and the agent set the limits.

The one figure we hold is about deposits and not stakes: a minimum deposit of ₹100 by UPI, as stated by the agent on 13 Nov 2026.

Most of them come down to staking more, more often, on things that were not read properly.

The margin inside every price works against you on every bet, and it adds up with the amount you stake.

Take 100 bets of ₹500 each. That is ₹50,000 staked. At a margin of 5%, the expected loss is ₹2,500, and that is for a bettor whose judgement is exactly as good as the market’s. To break even you must be better than the price by more than the margin, again and again, against prices built by traders and models with more data than any viewer has.

Luck hides this for a while: a good month happens to many bettors and says little about the next one.

Stake a small fixed amount per bet from a sum you can lose entirely, and fix in advance the loss at which you stop.

1. Set aside a betting sum for the month that is separate from bills, fees and savings.
2. Fix one stake size as a small share of that sum. As an example, ₹100 from ₹5,000 is 2%.
3. Keep the stake the same after a win and after a loss.
4. Set a loss limit for the day and stop when you reach it, whatever match is about to start.
5. Write down every bet. The record shows the true cost, which memory tends to shrink.
6. If the limits do not hold, stop altogether and use the helplines in entry 26.

These are the words you will meet on a sportsbook, in plain language.

No. Betting on cricket for money online is prohibited across India, and so is promoting it.

The Promotion and Regulation of Online Gaming Act 2025 prohibits online money gaming and its promotion in India from 1 May 2026, and several states had their own bans before that. Parimatch holds no Indian licence because none exists for this activity.

This is general information and not legal advice. The full record: Is Parimatch safe?

Three free helplines in India offer counselling by phone.

More on the responsible gaming page. This guide in Hindi: Parimatch पर कैसे खेलें.