What are Match Odds?
The word "odds" can seem intimidating at first, but it's simpler than it sounds. In short, odds are a number that tells you how much you stand to win for a given stake — and they also reflect the likelihood of that outcome happening.
Say Bangladesh's odds in a cricket match are 2.00. A ৳100 bet would return ৳200 if they win (your ৳100 stake + ৳100 profit). If the odds are 1.50, that same ৳100 bet would return ৳150.
24bet offers three odds formats — Decimal, Fractional, and Money Line. Most users in Bangladesh prefer Decimal, as it's the easiest to understand.
| Match | Time | Team 1 | Draw | Team 2 |
|---|---|---|---|---|
|
Bangladesh vs India
|
Live | 1.85 | — | 1.95 |
|
KKR vs MI
|
Live | 2.10 | — | 1.75 |
|
CSK vs RCB
|
Today 7:30 | 1.65 | — | 2.25 |
|
Pakistan vs Sri Lanka
|
Today 11:00 | 1.90 | — | 1.90 |
| Match | Time | Team 1 to Win | Draw | Team 2 to Win |
|---|---|---|---|---|
|
Man City vs Liverpool
|
Live 65' | 2.20 | 3.30 | 3.00 |
|
Real Madrid vs Barcelona
|
Live 72' | 1.95 | 3.50 | 3.70 |
|
Bayern Munich vs Dortmund
|
Today 9:45 | 1.70 | 3.80 | 4.50 |
|
PSG vs Marseille
|
Today 11:00 | 1.60 | 3.90 | 5.20 |
A Guide to Understanding Odds Formats
Odds are displayed differently around the world. 24bet offers three formats — pick whichever one you find easiest to read.
Tip: Decimal format is the default on 24bet. You can switch to a different format anytime from your account settings.
Odds Calculator
Quickly calculate how much you stand to win. Just enter your stake and the odds, and the calculator does the rest.
How Are Odds Determined?
Many people think odds follow a fixed formula, but there's a lot more going on behind the scenes. On a platform like 24bet, a dedicated team monitors odds around the clock and adjusts them in line with market conditions.
A probability is worked out by factoring in recent team form, pitch conditions, injured players, and surface type. That probability is then converted into odds.
In live matches, odds can shift every few seconds. Ball speed, a falling wicket, or a goal — odds update instantly as events unfold. 24bet reflects these changes in real time, so you're always making decisions based on the latest information.
Keep this in mind — lower odds mean a higher chance of winning, while higher odds mean a lower probability but a bigger payout if you win. For example, odds of 1.30 imply roughly a 77% chance of winning, while odds of 4.00 imply just 25%.
A Complete Guide to Understanding Cricket Odds
Cricket betting is the most popular in Bangladesh. 24bet sees heavy action on the BPL, IPL, and international T20s. And it's not just match winners — there's a wide range of markets available for cricket.
Bet on which team will win the match. T20 games generally have no draw option.
Bet on whether the total runs in a match will go Over or Under a set line.
Bet on which player will score the most runs.
The first innings total runs market offers great live betting opportunities.
Odds shift noticeably after the pitch report, toss result, and playing XI announcement. On 24bet, you can track these changes in real time — so taking a moment to analyze the odds before a match can help you find the right time to place your bet.
Smart Odds Analysis Tips
Betting purely on odds without any analysis rarely pays off. Making informed decisions gives you a much better shot in the long run. Here are a few practices that experienced 24bet users swear by.
When odds drop sharply, it usually means big bettors are backing that side. That kind of movement is worth paying attention to.
If your analysis suggests a team's actual chances of winning are higher than what the odds imply — that's a value bet.
Staking more than 5–10% of your budget on a single bet is risky. Split your bets into smaller amounts.
Good opportunities often arise after a match kicks off. Keep an eye on 24bet's live odds.
Base your decisions on head-to-head records, recent form, and home/away performance.
Match Odds FAQ
Answers to the Most Common Questions
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What Are Odds? Live Odds Table Odds Format Odds Calculator How Odds Are Set Cricket Odds Guide Statistics Smart Tips FAQQuick Odds Converter
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