letsbet Cricket Betting — Complete Guide to Betting on BPL, IPL and T20 Matches
Cricket is Bangladesh's favourite sport. At letsbet, bet on T20, ODI and Test matches across a range of markets — before the match starts or while the game is live.
Cricket Formats and Major Tournaments
Cricket's three main formats — T20, ODI and Test — each call for a different approach to betting. T20 is the fastest format: a match ends in just 20 overs, so the situation shifts with every ball. For Bangladeshi fans, the BPL (Bangladesh Premier League) is the closest tournament to home — watching the game under the lights at a Dhaka stadium and betting on letsbet go hand in hand.
In ODI, the 50-over format puts more weight on strategy. Run rate drops through the middle overs and picks up again in the final ten — those swings affect the odds too. In five-day Test cricket, pitch condition, weather and the toss decision all show up in the markets.
Bangladeshi fans follow IPL, the T20 World Cup and ICC tournaments all year round. letsbet offers betting on matches across all these major events.
Football and Other Sports Betting
Alongside cricket, you can also bet on football at letsbet. A cricket match result often depends on the toss, pitch or weather — factors that don't exist in football. Football has markets like goals, half-time score and corner kicks — the pace of the game is different from cricket and there's less time to decide during live betting.
In cricket, a batter's form, the bowling lineup and the number of wickets directly affect the odds — that's fundamentally different from football. In other sports like badminton or tennis, match winner markets exist but the setup is not as detailed as in cricket.
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Cricket vs Football
- Cricket has more over-by-over live markets
- Football moves faster with less time to decide
- In T20, odds change ball by ball
- Test offers slower but deeper analysis over five days
- A goal draw is possible in football; not in limited-overs cricket
Popular Betting Markets and Examples
Match Winner
Bet on which team will win. There are no draws in limited-overs matches, so there are only two choices. If your team wins, your stake comes back with profit.
SimplestToss Betting
Bet on which team wins the toss before the match. The outcome does not depend directly on the match result — the toss is a separate market.
Toss-dependentTop Batter
Bet on which batter will score the most runs in an innings or across the full match. Form and pitch conditions are key factors here.
Player-basedTotal Runs Over/Under
Bet on whether total runs in an innings will be above (over) or below (under) a set number. Pitch conditions and the bowling attack should be considered.
Runs-focusedMulti-Bet
Multiple selections are combined into a single bet. All selections must be correct to win — if even one is wrong, the entire bet loses, but if all come in, the return is much higher.
High ReturnPowerplay Runs
Bet on whether total runs in the first six overs will be above or below a set number. The form of the opening batters is the most relevant factor here.
Opening OversMulti-Bet Example
A multi-bet is placed on Team A, Team B and Team A to win three separate matches at decimal odds of 1.50, 1.60 and 1.80. The combined odds are 1.50 × 1.60 × 1.80 = 4.32 (approximately). A ৳100 bet returns ৳432 if all three are correct. But if any one selection is wrong, the full ৳100 is lost — that is how a multi-bet works.
A Simple Guide to Odds Formats
Betting sites display three types of odds: decimal, fractional and American. These are just different ways of showing the same calculation.
Team A to win — ৳200 bet
Decimal 3.00 = Fractional 2/1 = American +200
If you win, you get back ৳600 (৳400 profit + ৳200 stake). If you lose, ৳200 is gone.
Team B favourite — ৳200 bet
Decimal 1.50 = Fractional 1/2 = American -200
American minus odds mean you need to bet that amount to make ৳100 profit. In this example, a ৳200 bet returns ৳300 if you win (৳100 profit).
Decimal odds are the simplest — just multiply your stake by the odds to get the total return. Fractional and American formats show profit separately.
Live In-Play Betting
Betting while a match is in progress is called live or in-play betting. In T20 this is especially engaging because odds shift instantly after every wicket or six.
Say Team A has lost 5 wickets in the first 10 overs and is under pressure — at that moment Team B's odds to win will shorten (meaning Team B becomes the favourite). Then again, if a batter settles in during the last five overs, the odds can swing back.
In live betting, decisions need to be made quickly. Read the situation before placing a bet — don't rush. Remember, betting is for entertainment; follow the responsible gaming guidelines.
- When a wicket falls, the batting team's odds lengthen
- New markets open after the powerplay
- Run rate in the death overs affects the odds
- A rain break causes temporary changes in the markets
Some General Tips Before You Start Betting
Set a budget
Decide in advance how much you are willing to spend. Stop when you hit that limit — chasing losses usually leads to losing even more.
Focus on one market
Start with straightforward markets like match winner or total runs. Betting across too many markets at once makes them hard to track.
Take your time in live betting
Avoid rushing in live betting. Watch a few overs, get a feel for how the game is going, then decide.
Know your odds format
Before placing a bet, work out the potential return from the decimal or fractional odds. Betting without being prepared increases the chance of making mistakes.
Treat it as entertainment
Cricket betting is not a way to earn money — it is an extra dimension to enjoying the game. Winning and losing are both part of it, so only bet what you can afford to lose.
Learn the rules
Each market has its own rules — especially when a match is abandoned or the Duckworth-Lewis method applies due to rain. Read the terms and conditions so you know where you stand.
Start Cricket Betting at letsbet
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