The result in a game of cricket may be a "win" for one of the two teams playing, a "draw" or a "tie". In the case of a limited overs game, the game can also end with "no result". Which of these results applies, and how the result is expressed, is governed by Law 21 of the laws of cricket.
The result of a match is a "win" when one side scores more runs than the opposing side and all the innings of the team that has fewer runs have been completed. The side scoring more runs has "won" the game, and the side scoring fewer has "lost". If the match ends without all the innings being completed, the result may be a draw or no result.
The result of a match is a "tie" when the scores are equal at the conclusion of play, but only if the side batting last has completed its innings (i.e. all innings are completed, or, in limited-overs cricket, the set number of overs has been played or play is terminally stopped by weather or bad light).
This is unusual in Test cricket, and has happened only twice in history:
In some forms of one-day cricket, such as Twenty20, a Super Over or a bowl-out is used as a tiebreaker to decide a result that would otherwise be a tie. In such cases, the result of the match is recorded in official statistics as Tie+W or Tie+L to indicate matches tied and then won or lost in the tiebreaker.
The result of a match is a "draw" if a match is concluded, as defined in Law 16, without being a win or a tie. This means that a draw occurs when a team does not complete its innings by the scheduled end of play. In matches where the number of overs is not limited, therefore, a team unable to win may be able to 'save the draw' by managing to not complete its final innings (i.e. by having two or more batsmen left at the end of play who are 'not out'). The match is then drawn regardless of the total of runs accumulated by either side.
A "no result" is recorded if a limited over match which has been started cannot be completed. This would usually occur if weather or light interrupts play. The result is effectively the same as a draw.