Online Cricket Betting in 2026: Where Cricket Can Be Bet, What It Costs and What It Pays

Updated October 2026

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A cricket match runs longer than most televised sports, and its betting market runs longer still. From a five-day Test to a three-hour T20, every format gives the bookmaker a different shape of innings, a different way to settle, and a different margin to hide inside the odds. This guide walks through what online cricket betting looks like in 2026 for a UK punter — which formats and tournaments the markets are built around, what a bet on cricket means in fractional and decimal odds, how to read the margin in any price, and which bookmakers on a Gambling Commission licence cover the sport well enough to be worth a stake.

Data current as of 30 October 2026 and verified against the Gambling Commission’s public register.

The Law Behind the Slip: Cricket Betting and the Gambling Commission

Cricket is not on a list of permitted sports because no such list exists. The framework is the Gambling Act 2005, which covers Great Britain (England, Scotland and Wales) and creates the Gambling Commission as the regulator. The Commission does not approve specific sports, leagues or markets; it licences operators. Anything a GB-licensed bookmaker offers under its remote general betting licence is, by definition, a market the regulator has accepted.

Since the Gambling (Licensing and Advertising) Act 2014, a bookmaker needs a Commission licence wherever it is based if its remote facilities are used in Great Britain. A Curaçao, Maltese or Gibraltar licence is not a substitute. Operators under just a foreign licence are not licensed at the point of consumption, and the customer on the other side of the screen loses every protection that follows from the Commission licence: GAMSTOP coverage, the Commission’s complaints route, approved dispute resolution, the 10x bonus cap, the £150 financial vulnerability check. Funds withheld by an offshore brand have no British consumer-redress path. Licensed does not mean safe by default; unlicensed does not mean criminal for the customer, but it does mean unprotected.

Five licence categories matter for cricket. Remote general betting standard (real events) is the broad one and is what every GB-licensed sportsbook holds. Remote general betting standard (virtual events) covers simulated fixtures and is a separate category. Remote general betting limited covers small-stakes pools. Remote pool betting is the off-course tote on horse and dog racing — a different market entirely. Remote betting intermediary is the exchange licence, under which the back-and-lay market runs. Cricket sits under the first category; a cricket market on an exchange is still a cricket market under the intermediary licence.

Identity is checked before the first bet. Since 7 May 2019, GB-licensed operators must verify name, address and date of birth before a customer can deposit or gamble, including with a free bet or bonus. There is no anonymous play at a licensed site. Credit cards have been banned for gambling in Great Britain since 14 April 2020, including credit-card-funded payments through an e-wallet; debit cards and bank-based payments are not covered by that ban.

Financial spread betting on a cricket index is a separate product and is regulated by the Financial Conduct Authority, not the Commission. Spreadex, for instance, is regulated by the FCA for spread betting and by the Commission for fixed-odds betting, and its own terms note that spread betting losses can exceed deposits.

How a Punster Verifies a Licence in Sixty Seconds

The Commission’s public register is the whole test. It can be searched by business name, trading name, domain or account number. Each card below carries the Commission’s account number; type it into the register and the licence details appear: licensee name, the trading names under that licence, the categories held, and the dates. A licensed operator uses .com as well as .co.uk, so the domain proves nothing on its own. The register is also where a reader checks a brand they are considering for the first time — including the ones below, because a licence status can change between any two snapshots.

There is no state-set ceiling on stakes or losses in sports betting. Operators set their own maximum stakes and may restrict a customer. The customer, then, chooses a deposit limit on a fixed time frame under the Commission’s Remote Technical Standards — the first phase has applied since 31 October 2025, a second phase was postponed to 30 September 2026, and whether it is live in 2026 is not established from the data held. General Betting Duty is the operator’s tax at 15% of gross profits; from 1 April 2027 a 25% remote rate applies within it, while UK horse-racing remote bets, self-service terminal bets, pool betting and in-person betting stay at 15%. The player pays no tax on betting winnings in Great Britain.

Responsible Gambling: The Safeguards Built Into the Licence

A GB-licensed operator does not just offer cricket — it offers cricket under a set of conditions the Commission enforces. The single biggest one for the customer is GAMSTOP, the national multi-operator online self-exclusion scheme, a mandatory licence condition since 31 March 2020. Self-exclusion runs for six months, one year, five years, or five years with auto-renewal. After the minimum period the exclusion stays in place for a further seven years unless the customer asks GAMSTOP to remove it. GAMSTOP covers online sites and apps; betting shops use a separate service.

Two checks now apply at the deposit stage. A financial vulnerability check (LCCP condition 3.4.4, in force since 30 August 2024) runs when a customer’s deposits minus withdrawals exceed £150 in a rolling 30 days (since 28 February 2025). It is a public-record check — bankruptcy or county court judgments — not an income check and not a credit reference check. Financial risk assessments, the “affordability checks” of the press, were announced by the Commission on 7 July 2026 in a staged plan with no start date. The honest framing is “announced, staged, no start date”, not “in force”.

The cap on bonuses also matters. Since 19 January 2026, wagering requirements on bonuses are capped at 10x — a £10 bonus at 50x would need £500 of bets; under the cap no more than £100 — and mixed-product promotions, an offer that asks for betting, casino, bingo and lottery activity at once, are banned. Whether the cap applies to free bets with no wagering condition and any cap on the money value of a bonus are not established.

Help is reachable. GamCare runs the National Gambling Helpline, GambleAware funds treatment, the NHS runs gambling clinics, and Gamblers Anonymous runs meetings. Every GB-licensed operator must link to safer-gambling information on every page that takes a stake.

Cricket Bonuses and Free Bets: What the Marketing Words Cost

A welcome offer on a cricket book is rarely priced in money. It is priced in conditions. Coral’s sports welcome offer, for instance, pays £40 in free bets when a new GB customer bets £20 at minimum odds of 2.0 (1/1), with the free bets issued within seven days and expiring seven days after. Midnite’s sports welcome offer gives £25 in free bets and 50 free spins to a new customer who bets £5 or more on pre-match odds of EVS (2.0) or greater within 14 days of sign-up, with the free bets valid for seven days. The headline number is generous; the work to clear it is where the offer lives or dies.

The free-bet stake is usually not paid back with a win. A £5 free bet at 5.00 that wins returns £25 in profit, not £30, because the £5 stake disappears with the wager. A “risk-free” bet refunded as a free bet has the same shape — the refund comes back as a free bet, not money. A price boost, an accumulator insurance and a cashback each stay what they are: a boost raises the price, an insurance refunds the stake if one leg lets down (often as a free bet), and a cashback returns a share of net losses over a window (often as a free bet or bonus funds with its own wagering). A deposit-gated package — a “deposit and bet £20, get £40” — costs the deposit before the bonus unlocks.

The 10x bonus cap matters precisely because it bounds this work. A bonus with no wagering condition has no turnover requirement, but the Commission’s 10x cap applies to bonuses with one, and a deposit-gated package with no bonus funds of its own may sit outside the cap depending on its construction. The reader’s job is to read the small print — minimum odds, expiry window, market restrictions, free-bet stake return — before the headline number does the talking.

What never reaches this page is a working promo code or voucher. The bonus is described by its terms, not by a path to claim it.

Cricket Betting Apps and the Mobile Site

A cricket punter in 2026 bets on a handset or a desktop, and the choice between the two is rarely about features. The browser version and the app on a GB-licensed brand offer the same markets, the same prices, and the same account. What the app adds is speed — one-tap stake selection, push notifications on innings breaks, biometric login, and a betting slip that survives a phone call.

The bet365 app is described as the most downloaded sports betting app in the UK and is the official global betting partner of the UEFA Champions League. The Paddy Power Sports Betting app covers football, horse racing, boxing, rugby, tennis, golf, darts, snooker and F1 — cricket is part of its wider sportsbook. NetBet’s app offers Daily Boosts, Profit Boosts and free bet offers, a Bet Builder with instant dynamic odds, and sports stats for major leagues. The Fitzdares app offers cash out, accumulators, Lucky 15s, specials and antepost markets on horse racing, football, tennis, rugby, cricket, golf and American football, with in-play live odds. Geoff Banks’ app carries live in-play prices and ante-post prices on future events. Midnite’s app shows in-play events, an acca builder, popular accas and price boosts with maximum-stake limits.

The trade-off between app and browser is more about reliability than capability. An app updates in the background and caches live odds, which matters when a wicket falls and the screen freezes for two seconds on a browser. A browser does not need a download and survives a phone change without re-installing. The two are complements, not substitutes.

Live Cricket Betting and Cash Out

Live betting on cricket is where the sport’s shape shows. A Test match gives the punter five days of markets that reset at every fall of wicket, every drinks break, every session. An ODI gives a tighter window with the Duckworth-Lewis-Stern method sitting in the background from the first rain delay. A T20 gives a three-hour market in which the odds move ball by ball.

In-play on a GB-licensed bookmaker is offered under the same remote general betting licence as pre-match. There is no statutory list of permitted in-play markets. The Commission’s concern is customer protection — a price during a live event is a price offered to a customer who may be watching the same ball, and the operator’s licence duties apply at full strength. Cash out is the operator’s own mechanism for closing a position before the result: a live offer to settle the bet at the current price, which lets the punter bank a profit or cut a loss before the innings ends.

Live cricket betting also makes the margin visible in a way pre-match does not. A bookmaker’s in-play trader moves the price after every significant event — a wicket, a fifty, a rain break — and the gap between back and lay on the same selection widens during the ball-by-ball uncertainty of a T20. A punter who wants in-play cricket should look for a brand with deep enough liquidity to take a stake at the price offered, and with a cash-out function that settles in cash rather than free bets.

Cricket Betting Tips and the Limits of a Forecast

A cricket tip is a forecast, and a forecast is not a result. The page is not a tipster and does not name winners; that is a service nobody can offer without lying. What a punter can do with a tip is treat it as one input alongside form, pitch, weather, head-to-head, and the odds themselves.

A tip carries three costs that should be visible before a stake is placed. The first is price drift: by the time a tip circulates, the market may already be there. The second is the tipster’s own margin: a free tip is sometimes a funnel into a paid service, and a paid tip is sometimes a recorder of someone else’s picks. The third is the difference between a model and a stake: a model picks what is most likely to win; a stake decides what is worth betting once the price is in the room.

Bankroll discipline is the strategy that actually pays over time. A punter sets a unit size — usually one or two per cent of the bank — and stakes the same unit regardless of how confident a tip feels. The same unit goes on a strong fancy and a speculative each-way, and a losing streak does not push the unit up to chase it back. Cricket is a sport with long formats and short ones, home series and away tours, day-night fixtures and pink-ball Tests, and the punter who keeps the unit fixed is the one whose results are readable at the end of a season.

Cricket Bet Types and How Odds Are Built

The shapes cricket takes on a betting slip are a single, a double, a treble, an accumulator (the “acca”), and a battery of multiples named after their unit stake — Trixie (4 bets), Patent (7), Yankee (11), Lucky 15, Super Yankee or Canadian (26), Heinz (57), Goliath (247). Total stake on a Lucky 15 at £1 a unit is £15. Each-way is two bets of equal stake on the same selection — one on the win, one on a place — so the stake doubles.

The two ways to write the odds are fractional and decimal. Fractional odds are 5/1, 11/4, evens (1/1). Decimal odds are 6.00, 3.75, 2.00. Conversion is a/b → a ÷ b + 1. The return on a winning £10 bet at 5/1 (6.00) is £60; the return at 11/4 (3.75) is £37.50; the return at evens (2.00) is £20. Profit is return minus stake.

A bet builder, also called a same-game multi, combines several selections from one match into one accumulator. A bet builder on a T20 might combine the match winner, the top batsman, the total runs and the method of the first wicket — each leg must win for the bet to win, and the price multiplies the legs together.

Best Odds Guaranteed (BOG) is a UK and Irish horse-racing concession: the bookmaker pays the bigger of the price taken and the starting price. William Hill pays BOG from 8 AM on the day of the race, on single and multiple bets, and does not apply it to ante-post, tote or pari-mutuel bets. BetVictor offers BOG on UK and Irish racing alongside enhanced live race streaming and a BetFinder feature. BOG is not a cricket product, but it sits on most GB sportsbooks and is worth knowing because it shows how a sportsbook handles price drift.

The margin is the bookmaker’s edge inside every price. Take an illustrative two-way market at 1.90 / 1.90 in decimal — an even money match, where each side would be priced 1/1 in fractions. The payout share is 1 ÷ (1/1.90 + 1/1.90) = 1 ÷ (0.5263 + 0.5263) = 1 ÷ 1.0526 = 0.9500, or 95.00%. The margin is 1 − 0.95 = 0.05, or 5.00%. That is the overround — what the bookmaker keeps of every unit bet on this market, on average, before any other fee. A two-way market at 1.85 / 1.85 has a margin closer to 8.1%; a market at 1.95 / 1.95 has a margin closer to 2.6%. Cricket’s most liquid markets — match winner, top batsman, total runs — sit in the 4–8% band on most GB sportsbooks, and the in-play markets on a T20 widen from there. The reader should read the margin as the cost of the bet, not the price of the bet: the price is the upside, the margin is what is paid for the upside.

Cricket Formats and Why They Change the Market

Cricket’s three international formats shape the market in different ways. A Test match lasts up to five days with up to four innings in total, maximum two per team, and a minimum of ninety overs scheduled per day. A match not won by either side is a draw. The draw is a third outcome — a market in its own right, often priced longer than either side in a one-sided series.

An ODI gives each side fifty overs. If scores are level when the chasing side is all out or out of overs, the match is a tie. In rain-affected ODIs the Duckworth-Lewis-Stern method usually sets the target or result; if too few overs are played (usually 20) the match is a no result, and most bookmakers settle bets on the method’s calculation rather than the chase.

In Twenty20 each team bats a maximum of 20 overs — 120 legal deliveries — a bowler may bowl at most four overs, and a tied match is decided by a super over. A T20 has no draw, no rain-rule complexity for most of the innings, and a settled result inside three hours. The market is correspondingly tighter — fewer variables, more live pricing, and a margin that compresses on the most-followed leagues.

Each format also gives its own top batsman, top bowler, total runs, total wickets, method of dismissal, and a player-of-the-match market. The bet builder on a T20 is the most liquid because the variables are short and the live data is rich; the bet builder on a Test is thinner because a five-day match gives a long, slow market the trader can sit on.

Cricket Tournaments and Where the Liquidity Lives

The International Cricket Council (ICC) governs cricket. Twelve full members hold Test status, and the World Test Championship began its inaugural season in 2019. The T20 World Cup is the ICC’s marquee short-format event; India won the 2026 ICC Men’s T20 World Cup, held from 7 February to 8 March 2026 and co-hosted by India and Sri Lanka with 20 teams, beating New Zealand by 96 runs in the final. The Cricket World Cup (ODI) sits on its four-year cycle; domestic leagues — the Indian Premier League, the Big Bash League, The Hundred, the Caribbean Premier League, county cricket in England — run alongside.

Liquidity follows eyeballs. The IPL, the T20 World Cup, the Ashes, and the Big Bash carry the deepest pre-match and in-play markets on most GB sportsbooks. County cricket and bilateral ODI series carry narrower markets and a wider margin. A punter who bets on the smaller events pays for that liquidity gap in the overround.

Each format also gives its own anti-corruption layer. The ICC’s Anti-Corruption Code applies to international cricket; domestic boards run their own integrity units for their leagues. GB bookmakers suspend markets on matches under investigation and settle on the official result once play resumes. The punter’s risk is not match-fixing — it is a void bet on a match that never finishes, settled under the operator’s own rules.

The Ten Reviewed Bookmakers: Cricket Betting on a GB Licence

The ranking below is not a recommendation and not a “best of” — it is the featured set of operators on a Gambling Commission remote licence that this page has reviewed for cricket. Several brands can run under one licensee, so a brand appearing on the list is a brand appearing on the licence; it is not necessarily a separate company.

A licence is the floor, not the ceiling. Each brand below is judged on what it does for a cricket punter specifically — its cricket market depth, its in-play offering, its mobile app, its bonus terms, and the friction its terms impose.

Fitzdares

Fitzdares runs on a remote general betting standard (real events) licence under account 400 with the Commission. The app carries cash out, accumulators, Lucky 15s, specials and antepost markets, and lists cricket among the sports covered alongside horse racing, football, tennis, rugby, golf and American football. In-play live odds are part of the package. The cricket offering is mid-depth rather than headline — the brand is better known for racing — but the licence, the cash-out and the in-play product are in place for a punter who wants a quieter app with a London-desk feel. The verdict is that this brand is a reliable pick for the punter who prioritizes racing but appreciates a mid-depth cricket offering as a secondary interest.

Geoff Banks

Geoff Banks runs under account 54095, with GB Sports Advisors Limited as the licensee. The app is light, the brand is small, and the pitch is in-play and ante-post pricing on future events. The pub-style identity carries through to the terms. Cricket is part of the wider sportsbook; it is not the headline. A punter who wants a small, GB-licensed brand with a trader-led feel and is happy to take a thinner cricket market gets a fair product here. A suitable choice for a punter who prefers a smaller, trader-led operation and is satisfied with a thinner cricket selection.

BetVictor

BetVictor runs under account 39576 with BV Gaming Limited as the licensee. The cricket market depth is good and the platform’s racing infrastructure — Best Odds Guaranteed on UK and Irish racing, enhanced live race streaming, BetFinder, Smart Stats — carries through to the in-play cricket product. A punter who bets on cricket and on racing from the same account gets an integrated product; a punter who bets only on cricket gets a deep market and a polished app. An ideal operator for a punter seeking deep markets supported by a robust, racing-grade infrastructure.

DAZN Bet

DAZN Bet runs under account 48756 with DZBT Limited as the licensee. The payment range is the headline: deposits start at £5 by debit card, Apple Pay, Paysafecard, Trustly and Skrill, and at £20 by PayPal, with no processing fees. The cricket market depth is shallower than the racing-led brands; the brand’s strength is the broadcast tie-in and the wallet ergonomics. A punter who wants a small minimum deposit, fast in-app top-ups and a sport-betting angle rather than a racing one gets a fair product. Recommended for the punter who values low deposit thresholds and broadcast integration, even if the cricket market depth is not the primary feature.

William Hill

William Hill runs under account 39225 with WHG (International) Limited as the licensee. The cricket market is one of the deepest on a GB sportsbook — the brand has carried cricket for decades — and the Best Odds Guaranteed concession on UK and Irish horse racing from 8 AM on race day is a racing feature that does not apply to cricket. The mobile app, the in-play product and the bet builder are all in place. A punter who wants a long-established GB book with a deep cricket offering and a wide market range gets a familiar product. A solid option for a punter who prefers a heritage brand with extensive market variety and a long-standing commitment to cricket.

NetBet

NetBet runs under account 39170 with Netbet Enterprises Limited as the licensee. The app carries Daily Boosts, Profit Boosts and free bet offers, a Bet Builder with instant dynamic odds, and sports stats for major leagues. Cricket is part of the wider sportsbook rather than the headline. A punter who bets across several sports and likes boosted prices on accas gets a useful product; a punter who wants the deepest cricket-only market will find it elsewhere. This operator serves the punter who focuses on boosted accas across multiple sports, with cricket functioning as a secondary, convenient market.

Coral

Coral runs under account 54743 with LC International Limited as the licensee, under categories that include remote betting intermediary — the brand sits on a wider licence than most. The sports welcome offer pays £40 in free bets when a new GB customer bets £20 at minimum odds of 2.0 (1/1), issued within seven days and expiring seven days after. The cricket market depth is good, the in-play product is mature, and the bet builder is in place. A punter who wants a wide GB book with a clear welcome-offer mechanic gets a familiar product. An attractive platform for a new customer looking for straightforward welcome terms and a broad cricket selection, provided they track the 7-day expiry window.

Midnite

Midnite runs under account 101839 with Midnite Limited as the licensee. The app shows in-play events, an acca builder, popular accas and price boosts with maximum-stake limits — the maximum-stake clause is the term to read on any boosted acca. The sports welcome offer gives £25 in free bets and 50 free spins to a new customer who bets £5 or more on pre-match odds of EVS (2.0) or greater within 14 days, valid for seven days. Cricket is part of a wider sportsbook pitched at a younger, app-first punter. An app-first sportsbook well-suited for a punter who appreciates a low barrier to entry and rapid payouts, rather than a specialized cricket focus.

Star Sports

Star Sports runs under account 9177 with Star Racing Limited as the licensee. The pitch is a trader-led product: customers can speak to a trader directly on 08000 521 321 to open an account, place bets or ask customer queries, with email support at the listed address. The cricket market depth is mid-range and the in-play product is mature. A punter who wants a phone-call relationship with a bookmaker and is happy with a less deep cricket market gets a fair product. A distinctive choice for a punter who prioritizes personal contact with a trader over an expansive, automated market range.

Paddy Power

Paddy Power runs under account 39439 with PPB Counterparty Services Limited as the licensee. The sports betting app covers football, horse racing, boxing, rugby, tennis, golf, darts, snooker and F1 — cricket is part of the wider sportsbook rather than the headline. The market depth on the marquee cricket events (IPL, T20 World Cup, Ashes, Big Bash) is good, the in-play product is mature, and the brand’s money-back specials on big events are part of the pitch. A punter who bets across several sports and likes an event-led market gets a familiar product. This bookmaker appeals to a punter who enjoys event-based promotions and bets on a wide variety of sports alongside cricket.

Putting It Together: What a Cricket Bet Costs in 2026

The number that matters at the bottom of a slip is the margin. An illustrative two-way market at 1.90 / 1.90 — an even-money match where each side would be 1/1 in fractions — has a payout share of 1 ÷ (1/1.90 + 1/1.90) = 1 ÷ 1.0526 = 0.9500, or 95.00%. The margin is 1 − 0.95 = 0.05, or 5.00%. That is the bookmaker’s edge on every unit bet on this market, on average, before any other fee. A two-way market at 1.85 / 1.85 has a margin closer to 8.1%; a market at 1.95 / 1.95 has a margin closer to 2.6%. The honest framing is a band, not a single figure: most cricket markets on a GB sportsbook sit in the 4–8% range, with the in-play markets on a T20 widening from there and the smaller events (county cricket, bilateral ODIs) carrying a heavier margin. The margin is what a cricket bet costs in 2026 — the price is the upside, the margin is what is paid for it, and a punter who reads the margin reads the cost.

The arithmetic is statistical. It is an average over many bets under the stated assumptions, not a guaranteed outcome for any single punter. A bet at 5.00 that lands returns five times the stake; a bet at 1.20 that loses returns nothing. The margin is the long-run cost of the bookmaker’s edge, not the cost of any one slip.

Frequently Asked Questions

How does cricket betting actually work?

Cricket betting works by staking money on the outcome of a match, an innings, or a player performance at a price set by the bookmaker. The punter picks a market — match winner, top batsman, total runs, method of dismissal — and a stake; if the selection wins, the return is the stake times the decimal odds. A single is one selection; an accumulator (acca) combines several into one bet whose odds multiply. Each-way splits the stake into a win bet and a place bet at fixed fractions.

What is the safest way to bet on cricket?

The safest framing is “the most protected”, not “the most likely to win”. A bet on a GB-licensed bookmaker sits inside the Commission’s licence conditions, GAMSTOP coverage, the 10x bonus cap, and the £150 financial vulnerability check. The reader’s job is to verify the licence on the Commission’s public register, set a deposit limit, and read the small print on any bonus before claiming it. The bet itself — a stake on a real outcome — never carries a guarantee.

Can a punter actually win at cricket betting?

A punter can be profitable over a long run if the prices they take are systematically better than the true probability of the outcome. That requires a model, a bank, and the discipline to stake the same unit regardless of how a tip feels. A tip is one input; the price is another; form, weather, pitch and head-to-head are more. Nobody wins every bet, and a single winning slip is not a system.

How does a punter check that a bookmaker holds a Gambling Commission licence?

The Commission’s public register can be searched by business name, trading name, domain or account number. The table above carries each book’s account number; type it into the register and the licence details appear — licensee name, trading names under the licence, dates. A licensed operator uses .com as well as .co.uk, so the domain proves nothing on its own.

How is the return on a bet worked out from the stake and the odds?

For a single bet, return = stake × decimal odds; profit = stake × (decimal odds − 1). A £10 bet at 6.00 returns £60 — the £10 stake plus £50 profit. A £10 bet at 1.50 returns £15 — the £10 stake plus £5 profit. For an accumulator the odds of the legs multiply into one price, and the stake is multiplied by that combined price.

What is the bookmaker’s margin and how does it show in the odds?

The margin is the bookmaker’s edge on a market — what is kept of every unit bet, on average, before any other fee. Take a two-way market at 1.90 / 1.90: the payout share is 1 ÷ (1/1.90 + 1/1.90) = 95.00%, so the margin is 5.00%. A market at 1.85 / 1.85 has a margin closer to 8.1%; a market at 1.95 / 1.95 has a margin closer to 2.6%. The margin is the cost of the bet; the price is the upside.

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