Hedging stakes in cricket is the need of the hour, for it no longer restricts its claims to league owners and cricket associations, independent teams and individual players. Financial, economic and social stakes today extend to the general public and government who happen to patronise the game and its economics in many roles as spectators, speculators, sponsors, developers and even organizers. The national and international significance of the game is much credited to the revolutionized viewing experience seized by game organisers, stadium owners and information dissemination channels including internet, television, radio and others. Yet returns are not guaranteed for any stakeholders, The game just like any economic good is not free from effects of economic and business cycles especially in regions where it continues to be a veblen good. The paper explains the economics of the game, its origins, development, mathematics and risk and develops a new financial instrument- Cricket Derivatives.