Bookies favour India to win ICC World Cup 2019, New Zealand least favourite



The first semi-final of the World Cup ICC 2019 gets underway tomorrow with India taking on New Zealand at Old Trafford. Virat Kohli–led Indian team finished at the top of the league table with 15 points to their credit, followed by Australia (14), England (12) and New Zealand (11).
If the bet rates are anything to go by, India is likely to continue with its winning streak and eventually win the ICC World Cup 2019. Leading online betting websites such as Ladbrokes and Betway place the Indian team on top at the end of the tournament.
The Indian cricket team has won the tournament twice – first in 1983 under Kapil Dev's captaincy and then in 2011, beating Sri Lanka on home soil. They came last in the Super Six stage in the 1999 Cricket World Cup and have been knocked out four times in the Group stage (1975, 1979, 1992 and 2007).
For the current tournament, Ladbrokes pegs the odds of an outright win by India at 13/8, followed by England (15/8), Australia (11/4) and New Zealand (8/1). Betway on the other hand, too, expects India to be champions for the third time and places the odds at 2.8, followed by England (3), Australia (3.8) and New Zealand (9.5).
Simply put, 13/8 is the fraction the bookie is willing to multiply your stake by.
Mathematically, 13/8 implies 13 divided by 8, or the fraction 1.625. So if you bet on India with the odds currently placed at 13/8, the amount you bet will be multiplied by 13 and then divided by 8. The winnings, in this case, will be the result of the above-mentioned fraction plus the amount you originally bet. Read More



Article Source -> Business Standard

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