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Betting on 20/20 Cricket

An experiment.  I have a theory that most 20/20 games are 50/50 affairs.  Not that it's all down to luck (although luck I'm sure plays a part.) but because the margin of victory is normally a couple of sixes versus a couple of attempted sixes caught on the boundary.  If I'm right you should be able to make a small amount of money betting on 20/20 whenever a team is odds against.

Looking at this weekend's 20/20s I get the following bets (courtesy of odds checker)

Durham 6/5             Made £24
Leicestershire 6/4   Made £30
Warwickshire 13/8  Lost  £20
Lancashire 15/13     Lost £20
Middlesex 8/7         Lost £20
Kent 19/17              Lost20
Gloucestshire 11/10 Lost £20
Leicestershire 7/4 Made £35
Kent 6/5                Made £24


I'll have £20 on each and update on Monday.

Made to end Saturday £13.

Sunday's games

Durham 7/4      Lost £20
Essex  13/10     Made £26
Glamorgan 11/10 Made £22
Worcestershire 9/4 Lost £20
Sussex 16/13 Lost £20

Total profit £1!  For a stake of £280.  Well I did say it would be possible to make a small profit.  I guess bookies aren't going to mis - price consistently and obviously there is a relation between play and results in 20/20, otherwise the girl guides xi would be 50:50 to beat the West Indies.   I'll run the experiment  for the next round of matches.

Update for Tuesday the 15th August

Durham 13/8               Lost £20
Gloucestershire 11/10 Lost £20

Thursday  the 16th

Kent 15/13                      Won £23
Northamptonshire 8/11   Lost £20

Friday the 17th

Worcestershire 15/11    Lost £20
Somerset 6/5                Won £24
Kent 23/17                   Lost £20
Lancashire 6/5              Lost £20
Leicestershire 2/1        Won £40
Durham 2/1                  No result

Currently down £32

Quarter Final
Derbyshire 11/8     Lost £20
Leicestershire 5/4  Lost £20
Somerset 13/8        Lost £20
Warwickshire 5/4   Won £25

Finals day

Glamorgan 19/17  Lost £20
Hampshire 3/4      Lost £20
Warwickshire        Lost £20

Adds up to a net loss of £127

So I have triumphantly proved myself wrong.  20/20 odds are probably about right - i.e. I don't get a sense betting on favourites would have been a much better outcome.  Ah well back to the drawing board.



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