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Read decimal odds, calculate implied probability, understand overround, convert fractional and American odds and read an exchange price ladder.
Glossary · October 6, 2026
Lagai Khai Meaning and 40 Cricket Betting Terms in Hindi
Spend five minutes in any Indian cricket betting group and you will hear "lagai kar do", "khai mein jao", "bhav kya chal raha hai" and "book set ho gaya". These words came from the old local betting trade and have carried over to online exchange panels, where they sit next to English terms like back, lay, exposure and liability. If you are new, the mix can be confusing. This glossary explains lagai and khai properly, shows how the Indian paise-style rate works with a worked example, and then lists 40 commonly used terms with plain English meanings so you always know what you are clicking.
18+ only. Understanding the words does not reduce the risk of betting; it helps you avoid costly misreads.
Lagai and Khai: The Two Words You Must Get Right
Lagai (from "lagana", to put on or place) means betting on the favourite to win. If someone says "India pe lagai", they mean they are backing India, who are the favourites in that market.
Khai (from "khana", to eat) means betting against the favourite, in other words taking the bet that someone else is placing. If you "khai" India, you win if India do not win. The idea is that you are "eating" the other person's lagai.
On an exchange, these map neatly onto English terms. Lagai on the favourite is the same idea as backing the favourite. Khai on the favourite is the same idea as laying the favourite. If those English words are new to you, our guide to back and lay betting explains them with examples. The important habit is to know, before every click, whether you are on the lagai side or the khai side, because the risk is completely different.
How a Lagai-Khai Rate Works: Worked Example
Many Indian panels show a bookmaker-style market in which the favourite's price is quoted as a pair of numbers in paise, such as 40-42. The first number is the lagai rate and the second is the khai rate. Here is how to read it.
Identify the favourite
The rate is always quoted for the favourite. Say India are favourites at 40-42.
Read the lagai number
Lagai at 40 means that if you put ₹100 on India and India win, you win ₹40. If India lose, you lose ₹100. In decimal odds that is 1.40.
Read the khai number
Khai at 42 means you risk ₹42 to win ₹100. If India lose, you win ₹100. If India win, you lose ₹42. This is the same as laying India at 1.42.
Notice the gap
The two-paise difference between 40 and 42 is the spread. A narrow spread usually means a busy, liquid market.
Check what the slip shows
Before confirming, the bet slip should show your profit if right and your loss if wrong. If it does not match what you expected, stop and re-read.
Different panels can present rates slightly differently, and some show match odds in standard decimal format instead. Our guide on how to read betting odds covers conversions between the formats.
Quick Conversion Table: Paise Rate to Decimal Odds
This table converts common favourite rates. Lagai decimal = 1 + rate ÷ 100. The khai side is equivalent to a lay at 1 + khai rate ÷ 100.
| Rate quoted | Lagai ₹100 wins | Lagai as decimal back | Khai: risk to win ₹100 | Khai as decimal lay |
|---|---|---|---|---|
| 20-22 | ₹20 | 1.20 | ₹22 | 1.22 |
| 40-42 | ₹40 | 1.40 | ₹42 | 1.42 |
| 60-62 | ₹60 | 1.60 | ₹62 | 1.62 |
| 80-82 | ₹80 | 1.80 | ₹82 | 1.82 |
| 95-97 | ₹95 | 1.95 | ₹97 | 1.97 |
A lower rate means a stronger favourite. When the rate reaches around 100, the two sides are close to even.
The 40-Term Glossary: Indian Cricket Betting Words in Plain English
These are the terms you are most likely to see on a panel or hear in a group. Hindi and Hinglish words are listed with their usual meaning; English panel terms are included because they appear side by side.
| # | Term | Plain English meaning |
|---|---|---|
| 1 | Lagai (लगाई) | Betting on the favourite to win; the same idea as backing the favourite. |
| 2 | Khai (खाई) | Betting against the favourite; the same idea as laying the favourite. |
| 3 | Lagaiwal | The person placing a lagai bet, i.e. backing the favourite. |
| 4 | Khaiwal | The person or bookie who takes bets ("eats" them); on an exchange, anyone laying. |
| 5 | Bhav (भाव) | Price or rate. "Bhav kya hai?" means "what is the price?" |
| 6 | Rate | Used interchangeably with bhav; often the paise-style number pair such as 40-42. |
| 7 | Paise rate | A price expressed in paise per rupee, e.g. 40 means ₹40 profit per ₹100 on lagai. |
| 8 | Favourite (fav) | The team the market expects to win; the one the rate is quoted for. |
| 9 | Non-favourite / underdog | The team not expected to win; khai on the favourite is effectively support for this side. |
| 10 | Sauda (सौदा) | A deal or bet. "Sauda ho gaya" means the bet has been accepted or matched. |
| 11 | Session | A run-total market for a set phase, e.g. runs at the end of 6, 10 or 20 overs. |
| 12 | Fancy | Umbrella word for side markets: sessions, player runs, partnerships, fall of wicket. |
| 13 | Yes / Haan | In a session, betting that the runs will reach or beat the yes line. |
| 14 | No / Na | In a session, betting that the runs will stay below the no line. |
| 15 | Line | The run number a session is set at, e.g. "10 over line 78-80". |
| 16 | Lambi pari | Full innings total market, as opposed to shorter over-based sessions. |
| 17 | Book | Your overall position in a market: what you win or lose on each outcome. |
| 18 | Book set | Arranging bets so you are in profit, or at least level, whichever side wins. |
| 19 | Green / red book | Green means profit on all outcomes; red means loss on one or more outcomes. |
| 20 | Cover / hedge | Placing an opposite bet to reduce risk or lock profit. |
| 21 | Exposure | The total amount currently at risk in your open bets, held from your balance. |
| 22 | Liability | What you lose if a lay or khai bet goes against you; often larger than the stake. |
| 23 | Commission | The fee an exchange may take from net winnings on a market. |
| 24 | Match odds | The main who-will-win market, usually in decimal back and lay columns. |
| 25 | Bookmaker market | A win market quoted in the paise-style rate, separate from exchange match odds. |
| 26 | Toss market | A bet on which captain wins the toss; settles before a ball is bowled. |
| 27 | Tie | Scores level; a separate market on some panels. Settlement rules vary, so check them. |
| 28 | Odd-even | A fancy market on whether a run total at a point will be odd or even. |
| 29 | Fall of wicket (FOW) | A market on the team score when the next wicket falls. |
| 30 | Partnership | A market on runs scored by the current pair before they are separated. |
| 31 | Player runs | A market on how many runs a named batter scores, with yes and no lines. |
| 32 | Ball running | The ball is in play; many markets lock briefly and cannot be bet on. |
| 33 | Suspended | The market is paused, usually after a wicket, boundary or review. |
| 34 | Min / max limit | The smallest and largest stake a market will accept from your ID. |
| 35 | Chips | Preset stake buttons on the bet slip, such as 100, 500, 1,000. |
| 36 | Unmatched bet | A bet waiting for someone to take the other side at your price; not live yet. |
| 37 | Settlement | When the result is confirmed and winnings or losses are applied to the balance. |
| 38 | Void | A bet cancelled under the market rules; the stake is returned. |
| 39 | ID / betting ID | Your username and account on the exchange panel. |
| 40 | Panel | The website or app interface where you log in and place bets. |
Session Words Explained With an Example
Sessions are where most of the Hinglish lives, so a worked example helps. Suppose the "10 over" session shows No 78 / Yes 80.
- Yes at 80: you win if the team has 80 or more runs at the end of the tenth over.
- No at 78: you win if the team has fewer than 78 runs at that point.
- If the score lands on 78 or 79: a yes bet at 80 loses and a no bet at 78 also loses. That gap is part of how the market works.
Payouts on sessions are often shown as a second small number (for example 100 for even money, or rates like 90 and 110). Always read the slip. Our session betting explainer goes through yes, no, suspensions and settlement in detail.
"Book Set Karna": What It Really Means
"Book set" is one of the most used phrases and one of the most misunderstood. Your book is a summary of what happens to your money under each result. If you have lagai on India and later also take khai on India at a better rate, your book might show a small profit whichever team wins. That is a set book, or a green book.
Setting a book is the Indian name for what exchange traders call hedging or greening up. It is not a trick that guarantees money; it only works when the rate has moved in your favour after your first bet. If the rate has moved against you, setting the book means accepting a smaller certain loss. The arithmetic, with worked figures, is in our cash out and hedging guide.
Words Used About IDs, Panels and Agents
Not every term is about cricket. Some describe how accounts are issued:
- ID dena / ID banwana: to issue or get an account on a panel.
- Master ID: an account that can create and manage user IDs below it.
- Agent: a person who issues IDs to players and handles their deposits and withdrawals.
- Point / coins: the balance shown on the panel, usually equal to rupees.
- Credit reference: a figure some panels show for the limit set by whoever issued the ID.
How these roles fit together, and how to check that the person who gave you an ID is genuine, is covered in our explainer on the master ID and panel hierarchy. The short version: only take an ID from a source you can verify, and never pay "activation" fees.
Terms That Are Often Confused
| Often confused | The difference |
|---|---|
| Lagai vs khai | Lagai backs the favourite; khai bets against it. Same market, opposite risk. |
| Stake vs liability | Stake is what you type; liability is what you can lose. On khai or lay, liability can be much bigger. |
| Session vs fancy | A session is one type of fancy. Fancy also includes player runs, partnerships and wicket markets. |
| Match odds vs bookmaker | Both are win markets. Match odds usually use decimal back/lay; bookmaker uses paise-style rates. |
| Suspended vs closed | Suspended is a short pause; closed means no more bets will be taken on that market. |
| Unmatched vs void | Unmatched is waiting for a taker; void is cancelled with the stake returned. |
Why Knowing the Words Protects Your Money
Most beginner losses that are not simply bad luck come from misunderstanding, not from poor cricket knowledge. The classic examples:
- Thinking "khai" means "the other team wins easily" and not realising the liability on a strong favourite.
- Clicking the yes side of a session when intending to click no, because the colours were unfamiliar.
- Assuming an unmatched bet was live, then being surprised it did not settle.
- Taking a "book set" tip from a group without checking whether the rate had actually moved in their favour.
If any term on a panel is unclear, ask support before you bet. A thirty-second question is cheaper than a misread.
Using These Terms on Tigerexch Responsibly
Tigerexch panels use both the English exchange vocabulary and the familiar Hindi words, so once you know this list you can read any market. Remember that betting is for adults aged 18 and over, that every bet can lose, and that Tiger Exchange works on an offshore exchange model whose legal position varies across Indian states. Checking your local law is your responsibility.
Set a monthly limit before you deposit, keep stakes small while you learn, and never chase losses. Knowing what "lagai" means is useful; knowing when to stop is more useful.
Want a term explained on your own panel?
Send a screenshot of the market and ask. Support will tell you which side is lagai, which is khai and what your liability would be.
Frequently Asked Questions
What does lagai mean in cricket betting?
Lagai means betting on the favourite to win. It is the same idea as backing the favourite on an exchange. If you lagai ₹100 at a rate of 40 and the favourite wins, you win ₹40.
What does khai mean in cricket betting?
Khai means betting against the favourite, like laying it on an exchange. At a khai rate of 42 you risk ₹42 to win ₹100 if the favourite does not win.
What is a khaiwal?
Traditionally a khaiwal is the bookie or person who takes bets, "eating" other people's lagai. On an exchange, anyone who lays a selection is effectively on the khaiwal side.
What is bhav in betting?
Bhav simply means price or rate. "Bhav kya hai" is asking what the current price for a team or session is.
What does book set mean?
Book set means arranging your bets so you make a profit, or break even, whatever the result. It is the Indian term for hedging or greening up, and only locks profit if the rate moved in your favour.
What is the difference between session and fancy?
A session is a run-total market for a phase of the innings. Fancy is the wider group of side markets that includes sessions, player runs, partnerships and fall of wicket.
How do I convert a 40-42 rate to decimal odds?
Add 1 to the rate divided by 100. Lagai at 40 is 1.40 back; khai at 42 behaves like a lay at 1.42.
Why does the market say suspended?
Markets pause briefly when the ball is in play or after a wicket, boundary or review, so prices can be updated. Bets cannot be placed until it reopens.
लगाई और खाई में क्या फर्क है?
लगाई का मतलब है favourite टीम के जीतने पर पैसा लगाना (back)। खाई का मतलब है favourite के खिलाफ़ लगाना (lay)। खाई में आपकी liability stake से ज़्यादा हो सकती है, इसलिए bet slip ज़रूर देखें।
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