Quick answer
Explaining cricket odds means explaining the numbers next to each team, the toss or a session line. On King Exchange they're decimal prices with a back side and a lay side. This page shows how to read them, how to turn them into a rough probability, and when a price is worth taking. It won't publish an invented scoreline for any match.
At a glance
Key takeaways
- King Exchange shows decimal cricket odds with a back side and a lay side.
- A ₹100 back bet at 1.80 returns ₹180 if it wins, which is ₹80 profit.
- Divide 1 by the odds for the implied chance, so 1.80 implies about 55.6%.
- A price is worth taking only when your own estimate of the chance beats what the price implies.
- Accumulator odds multiply, and so do the risks. Three legs that are each about 60% likely all come in only about 22% of the time.
How do you read a cricket price?
The bet slip shows your return for a back bet or your liability for a lay bet before you confirm. A shorter price means the market gives that team more chance, but the match isn't over. Live prices change every over. A bet you've confirmed keeps the price shown in your open bets.
Which markets do people mix up?
People often mix up toss prices, which settle at the toss, with match odds, which keep moving after the toss and through the chase. Session prices aren't match odds under another name, and player prices depend on the real XI, so read the market name on the slip before you confirm.
- Toss prices settle at the toss.
- Match odds can still move after the toss and throughout the chase.
- Session prices aren't match odds under another name.
- Player prices depend on the real XI.
How do decimal odds work?
Decimal odds show your total return per ₹1 staked on a back bet, including the stake. A ₹100 back bet at 1.80 returns ₹180 if it wins: ₹80 profit. At 2.50 it returns ₹250: ₹150 profit. A ₹100 lay at 1.80 wins you ₹100 if the team doesn't win, and costs ₹80 (the liability) if it does.
How do you turn odds into a probability?
Divide 1 by the decimal odds. 1.80 implies about a 55.6% chance; 2.10 implies about 47.6%. Add both sides and you get 103.2%, not 100%. On an exchange, the back and lay prices sit close together on busy matches, so the gap is usually smaller than at a bookmaker.
When is a price worth taking?
Only when your own estimate of the chance is higher than the price implies (for a back bet) or lower (for a lay bet). If you think a team wins 60% of the time and the back price is 1.80 (55.6%), the price favours you. If you think 50%, it doesn't, even if that team is the favourite.
How do accumulator odds add up?
Multiply the odds of each leg. Three legs at 1.50, 1.60 and 1.70 combine to 4.08. The chances multiply too: three results that are each about 60% likely all come in only about 22% of the time. Each leg adds risk, which is why long accumulators rarely pay off.
Reader questions
Frequently asked questions
Q.01Will you predict tonight's IPL match from the odds?
No. This page explains how to read odds and markets.
Q.02Why do back and lay prices differ?
Back is what you can bet on; lay is what you can bet against. The gap shows how busy the market is.
Q.03How does a lay liability work?
Liability = lay stake × (odds − 1). It's what you pay if the selection wins.
Q.04Is it the same ID for football odds?
Yes. Same ID, different sport.
Q.05What do odds of 2.00 mean?
A ₹100 back bet returns ₹200 if it wins, so ₹100 profit. It implies about a 50% chance.
Q.06How do I work out implied probability?
Divide 1 by the decimal odds. 1 ÷ 1.80 is about 55.6%.
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About the author
Vikram Sethi
Head of Cricket Analysis · 11+ years experience
Vikram leads cricket coverage at King Exchange, covering IPL match previews, team analysis and how session, fancy and toss markets work.
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