What is the meaning of Draw No Bet, and how does it work?
Let’s not make something more complicated than it needs to be. You are betting a team to win in the draw no bet market. You win if they win. You lose if they lose.
Then there’s the possibility of a draw in the contest. If the match you’ve bet on ends in a tie, you don’t win or lose anything, and your stake is reimbursed in full, no strings attached.
As a low-margin two-way market, No Draw Bet is becoming increasingly popular among clever bettors and risk-averse traders. Many bettors underestimate the likelihood of a draw, but a study of five Premier League seasons (2012/13-2016/17) found that 25% of all games finished in a tie on average.
The Draw No Bet is a strategy employed by traders to lessen the chances of losing a bet. It can be used to:
- With the safety of the draw, back an outsider.
- If you think there’s a good likelihood of a tie, protect your bet.
- When a large favorite is losing, trade them throughout the game.
Draw No Bet, as the name implies, eliminates the possibility of a tie in a bet and allows gamblers to wager on either a home or away win.
In contrast, If you bet on the three-way market instead of the Tie No Bet market and the game ends in a draw, you will lose your wager. As a result of the removal of the draw option, odds on Draw No Bet markets will be lower than those on three-way markets.
If you don’t know what draw no bet means, it may appear hard, but it’s actually quite simple. Bettors who prefer not to take risks when betting are increasingly turning to the betting market. On three-way markets, draw no bet allows you to wager on either the “home” or “away” outcome.
You’re undoubtedly wondering what happens to the third possible outcome, and the answer is that the “draw” option gets eliminated. This implies that if there is a draw, popularly known as a “tie,” your investment will be returned in full. You shouldn’t expect great odds while putting these types of wagers. Because of the nature of the betting market and the lesser risk for customers, it will almost certainly have lower odds.
As a result, betting markets such as draw no bet and the double chance, for example, normally have lower odds than match winner or accurate score.
Keep in mind that not all bookies offer this betting option for various sports, primarily because sports like basketball and tennis cannot end in a tie (due to the addition of more time or the implementation of a unique rule, such as the tiebreaker in tennis), leaving the betting option to only a few sports, such as football. In addition to the full-time match market, certain bookies may provide a draw no bet market for the first and second halves of matches. We’ll offer you a few examples from a variety of sports below.
Sports with a No-Bet Market for Draws
Given that not all sports end in a tie, bookmakers are unable to offer draw no bet wagering on all sports. Cricket and football are two of the most popular sports that might result in a tie. Sports that can end in a tie/draw that can be used in a betting market include:
- American football is a sport played in the United States (rarely)
- Australian laws apply.
- Hockey on ice
- Racing Horses
- Other Forms of Racing
Keep in mind that several of these sports have specific rules in place to keep the match from running too long, such as the tennis tiebreaker rule. This almost always ensures that the match will not result in a tie, which is why the “draw no bet” market option isn’t available on Tennis or Sumo (If a match is tied, it is usually rescheduled, forfeited, or further breaks are added).
Understanding what draw no bet means and what are the outcomes
Assume you wish to place a wager on a match between Tottenham Hotspur and Southampton. The following are the probabilities for each of the two possible outcomes of this hypothetical match:
21/20 Southampton (2.05)
7/10 Tottenham Hotspur (1.70)
The odds would look somewhat like this if we were talking about the match-winner betting market:
21/10 Southampton (3.10)
Tottenham Hotspur – Tottenham Hotspur – Tottenham Hotspur – Tottenham Hotspur (2.45)
Because the “draw” outcome is removed, the odds are reduced, making it more equitable.
Let’s imagine you bet £20 on Spurs to win the match on the “draw no bet” betting market we mentioned earlier. If they win, you’ll earn £21 and receive a total payout of £41. If the match ends in a draw, you will be refunded the whole amount of your stake (£20), as if you had never placed the wager in the first place. If Southampton wins, you’ll lose the £20 you staked on the game.
Markets with Similar Odds
If a bookmaker does not provide the “draw no bet” market, you might explore other betting markets. The “double chance” market is an example of this because it offers the same level of assurance as the “draw no bet” market. In three-way markets, a double chance bet is when you back two of the three outcomes, for example:
Draw at home
Both at home and away
Get out there and draw.
Although the odds on this type of market aren’t as good as those on match betting, if you want low-risk wagers, this is the market for you.
A version of an Asian Handicap is another comparable or even identical betting market. Only Asian Handicaps with a 0 handicap are the same as the market pick “draw no bet.” You will get your stake refunded if the match ends in a draw.
Calculating your own odds vs. betting on the Draw No Bet market
You’ll know whether it’s better to calculate your own Draw No Bet odds or to bet directly on the Draw No Bet market after you’ve calculated your own.
When calculating your own odds from 1X2 markets vs the Draw No Bet on offer, this example reveals a 6.5 percent improvement in profit. Because betting is all about finding value, you would surely build your own Draw No Bet odds from the 1X2 market in our case because you would make more money.
Asian handicap betting as a substitute for Draw No Bet betting
You can also use the level Asian handicap betting market, where the handicap is displayed as 0. Your wager would be repaid if the game finished in a tie, thereby accomplishing the same result as Draw No Bet.
Draw No Bet, on the other hand, allows bettors to compute their own odds by using two different bookies or betting exchanges. This can increase the bet’s value, which the level Asian handicap does not provide.
This can be applied to betting.
You may pick better value odds now that you understand what Draw No Bet means and how to compute your own Draw No Bet odds from 1X2 markets.
Draw No Bet FAQs
- What should I do if the bookie refuses to take any bets?
If the bookmaker has a “request a bet” tool, you can request the betting market, otherwise, you can get the same result by dividing your stake by the decimal odds for a draw. Place the amount you calculated on the event ending in a tie and the remainder of your bet on your favored team. This market is quite similar to the “draw no bet” market.
- Is it possible to make a multiple bet or an accumulator out of the draw no bet market?
Yes, you can combine the draw no bet market with other markets to make a multiple bet.
- If there is no draw no bet selection and the match results in a draw, will the entire accumulator be void?
No, your accumulator wager is not void. This depends on the bookmaker you’re betting with; some will nullify the entire wager, while others will merely void the draw no bet selection and leave the rest.