What is Book Set in Cricket?
When it comes to the Indian betting scene, book set is a fairly commonly used term among bettors. If you’re not familiar with what it is and what book set in betting is, you’re in the right place. We’re going to cover everything you need to know about this unique betting strategy.
What Does Book Set Mean in Cricket?
Book set is a betting strategy, mostly used in cricket where a punter can make profits no matter which team wins the match. It involves betting at different times during the match. In that sense, book set in betting is a component of live betting.
Essentially, you place bets on both teams by analysing the odds at different periods of the match. If you can successfully do it, you’ll end up with profits no matter what team wins.
How Book Set Works
To understand how book set in betting works, you first need to know about loss cut. Loss cut and book set are 2 sides of the same coin. It means one can’t work without the other.
The term “loss cut” is pretty self-explanatory. You place the bets so that you don’t incur a loss. You may or may not make a profit but a loss is out of the question. After ensuring the loss cut, you can place further bets which will contribute to the book set in betting.
Let’s look at an example to understand what we’re talking about. Think of a cricket match between India and Pakistan. India is the favourite with 1.50 odds and Pakistan is the underdog at 2.25 odds.
You start by placing a fixed-odds bet on India. Let’s say you’re betting ₹1,000 for the sake of this example. Your potential winnings are sitting at ₹1,500 if India wins. ₹500 is your profit.
After the first innings of the match, India scored 190 in the T20 match which gives it a very good chance to win. At this point of the match, the odds may be 1.25 and 2.70 for India and Pakistan. Now, if you place another bet on Pakistan (Khao) of ₹370 only, you’ve done a successful loss cut. If India wins, you get the ₹500 profit. If Pakistan wins, you don’t lose any money.
Now, if India becomes even more favourite during the 2nd innings and you place another Khao bet on Pakistan, you stand a chance to profit no matter which team wins. And that’s book set in betting. Needless to say, the stake amounts will vary based on the odds.