What Is Draw No Bet
Draw No Bet….What does it mean?
What is the definition of the term 'draw no bet'? If you are betting on sports, selecting the 'draw no bet' option means that you will have your money returned if the game that you are betting on ends in a draw. For instance, let's say that the odds for a game look like this: Bayern Munich, 1.85 Draw. A Draw No Bet is a wager that is found in football betting. While the purpose is still to select a team to win a fixture, the bet offers some insurance by returning the invested stake if a draw is produced.
Draw No bet is commonly used when betting on sports team matches, and means that punters will get their stake back if the game is a draw. Draw No Bet is not so much a type of bet as a betting strategy. This betting strategy has been adopted mostly by Football punters but can be used anywhere where we have three possible outcomes in a betting event, Rugby for example.
The strategy is to place two win bets on the outcome of a betting event. The first bet is a simple win bet on the team that we believe will Win, and the second bet is also a win bet this time on the Draw. The difference between the two bets is that we stake just enough on the Draw bet to recover the stake on the Win bet if the match ends in a Draw (this is also known as a “Cover” bet).
This type of bet can be used to great effect for example where a team plays away, scores a goal and then plays defensively for the rest of the game.
When a team scores a single goal and then plays defensively there is always a chance of an equaliser. The Draw No Bet strategy really comes into its own during games like these.
Many bookmakers are now offering the Draw No Bet as a betting option where our stake money is returned should the match result in a draw. At first glance this seems like the perfect solution, no complicated maths to work out the stakes.
However, the bookmakers will have built in their over-round of 5{70aeb3532cb26dbe277d25ea128ebb74de84b9bd22e1583b0eb1b73768e061f6} or more into the odds they offer.
We personally prefer to bite the bullet and with some simple maths calculate the stakes and place the bets on Betfair where the odds are without doubt much fairer.
Examples
If Chelsea and Manchester United are playing a match and the score is 1–1, punters who chose “draw no bet” get their money back. If the score finishes 1-2 and they didn’t predict this score or choose the correct winner, they lose their stake.
In simple words, it’s a bet where the draw returns your stake. If the match you have bet ends in a draw, all your money will be returned to you. No profit, no loss.
But let’s look at an example to understand better:
Let’s say that Real Madrid is playing against Barcelona, and you think that Barcelona should win. However you feel that this will be a difficult task, so a draw is possible. You can bet on Barcelona for a Draw No Bet.
If Barcelona win the game, your bet is a winning one. If the game result is a draw, you’re getting back the money you’ve placed for this bet. In case that Real Madrid won the match, you lose your bet.
Draw No Bet – The Traditional Strategy
Let’s say we want to bet £50 on a football game. The odds for the team we want to win are 2.60 and the odds for the draw are 3.60. To calculate the stake for the draw bet we simply divide the amount we want to bet by the draw odds; so in our example £50 divided by 3.60 is £13.89 to be put on the draw.
Take £13.89 from the £50.00 which leaves £36.11 to be put on the win bet (in this example we are betting with the bookies so we do not need to take commission into account).
Let’s see what happens for the various outcomes …
The match is a draw … we get back £36.11 … £13.89 x (3.60 – 1) – but lose £36.11 on the win bet … we break even.
Our team wins … we get back £57.78 … £36.11 x (2.60 – 1) – but lose £13.89 on the draw bet … we make £43.89 profit… effectively we backed our team at odds of 1.88 (£43.89 / £50.00 + 1) AND we had the insurance of the “Cover”bet on the draw.
The other team wins … we lose £13.89 on the draw bet and we also lose £36.11 on the win bet … a total loss of £50.00.
These returns will drop slightly if using Betfair due to commission, however, this should be offset by the higher odds we can normally achieve.
Draw No Bet – An alternative Strategy
A point worth mentioning is that the draw (“Cover“) bet needn’t be in the same event, it needn’t even be in the same sport. We could bet on our favourite football team for our main bet and have our draw (“Cover“) bet on Andy Murray in the Tennis.
In fact doing it this way means that both bets could win! This cannot be achieved with the traditional Draw No Bet as we are always guaranteed to lose at least one of our stakes.
Let us see what happens now using a fictional Draw bet in another match from the one where our main Win bet is. We shall use the same stakes and odds as in the previous example.
The match in the second event is a draw … we get back £36.11 … £13.89 x (3.60 – 1)
AND …
Our team wins in the main event … we get back £57.78 … £36.11 x (2.60 – 1) – and keep the money we won on the second draw bet (£36.11) … we now make a whopping £93.89 profit… effectively we backed our team this time at odds of 2.88 (£93.89 / £50.00 + 1).
This version of Draw No Bet is definitely one to consider.
Alternatives
If you want to play Draw No Bet and your bookmaker is not offering that type of bet, you can bet with an alternative way, which is exactly the same:
1. Covering the draw: Play the amount you want on ace or double and an extra bet on the draw of the same amount divided by the odds of the draw.
Example:
Available amount: 25EUR
Match Odds: 1 (8.00) X (4.00) 2 (1.30)
Your estimated prediction: 1X
Divide your amount (25EUR) with the odds of the draw (4.00)(25:4.00=6,25EUR)
So, you should bet 6,25EUR on X, and the rest (18,75EUR) on 1.
In case of draw, you’re getting back all of your money (25EUR), exactly as would happen with Draw No Bet. If the result is 1, you’ll get 18,75×8.00=150EUR.
2. Asian Handicap 0: Another alternative way to place a dnb bet if it’s not available from your bookie, is by selecting an Asian Handicap (AH 0) bet οn the team you think has the best chances to win.
Draw No Bet Odds
Admittedly, the odds that bookmakers offer on Draw no bet kind of bets are slightly lower, but this is reasonable. Odds are calculated in a mathematically way that allow bookmakers to hold some profit from the money you bet on X for cover.
In a match with odds 2.40 – 4.00 – 2.40, dnb odds would be like 1.80 – Stake returned – 1.80.
What Is Draw No Bet In Betking
Bookmakers that offer Draw no Bet more often are Bet365, Betfair and Betfred.
Below you can see a comparison of the odds provided by these bookmakers on a particular football match.
Conclusion
Draw no bet is a good way for punters to protect themselves, especially for those who have patience and want a safer kind of bet. Many matches ending in a draw, aren’t they?
PROS
- Many sporting events end up being a draw and this is a way for punters to protect themselves.
CONS
- Draw no bet is not always available as an option on all or some bets.
- The odds are slightly lower when draw no bet is selected.
This version of Draw No Bet is definitely one to consider.
Draw No Bet is an excellent weapon to have in our arsenal of bets!
Free & Matched Bets Offers…..
Get up to £500 of FREE betting money from one of our betting partners…..Check out <<<HERE
Get a FREE £50 to start your ACCA…..
We are running a big promotion for new customers with BETFAIR. The offer is a Betfair No Lose treble Premier League fixtures with your stake refunded as a free bet up to £10.
All new customers who sign up this weekend will be automatically opted into the promotion,
The standard £50 free bet offer still applies to new customers this offer is on top of that.
Here are the customer terms and conditions
- Opt in once and place a Premier League treble
- Place your Match Odds treble across Sunday’s Premier League matches
- If your Premier League bet loses, BETFAIR will refund your FULL stake as a free bet token, up to £/€10.
Have a great weekend.
The rapid growth in the popularity of football betting has encouraged bookmakers to develop a range of variations on the traditional betting markets. The Draw No Bet option is one such specialist market that can pay dividends for punters willing to get to grips with it, and this handy guide will hopefully give you some pointers on how to profit from Draw No Bet.
What is Draw No Bet?
With a traditional Match Winner market, punters are given three options to bet on: home win, away win or draw. Draw No Bet markets remove one of those outcomes from the equation, to leave just the home win or the away win.
If the game you are betting on finishes as a draw, then, as the name of the market implies, there is effectively no bet. Your stake will be refunded and you will be no worse off than when you started.
Why not just bet on a straight win?
Wouldn’t it just be easier to back the team you fancy in the normal Match Winner market? Say, for example, that Chelsea are at home to Manchester United. If you think Chelsea have the edge, couldn’t you just back a home win. Well, yes you could, but Draw No Bet option has a number of advantages that can make it an attractive option.
For a start, it eliminates one of the trickiest aspects of football betting: working out the probability of the draw. Many football punters are pretty good at weighing up the relative abilities of two opposing teams, but calculating the draw odds is more complicated.
Markets that include the draw as an option also enable bookmakers to increase their margins. Generally speaking, the fewer options available in a betting market, the less opportunity for the bookmaker to make a profit, and the better the return to the punter.
Finally, for cautious punters, the Draw No Bet market also offers a degree of insurance. For example, in the game mentioned above, you might be confident that Chelsea have a tactical advantage against Manchester United, and you might be proven right.
But football is a relatively low scoring game and it frequently happens that the better team is unable to capitalise on their advantage. In those circumstances, the Draw No Bet punter can relax, because even if the poorer team manages to hang on for a draw, the bet will not be a loser.
Why are the odds lower for Draw No Bet?
Anyone who has looked at a Draw No Bet market will notice one very obvious fact. The odds for this market will be much lower than in the traditional Match Winner market. For example, in the game mentioned above, Chelsea might be 11/10 to win in the Match Winner market, but as short as 1/2 in the Draw No Bet market. This may seem strange at first glance, but it makes sense when you remember how odds and probabilities work.
In the above example, odds of 11/10 represent, roughly, a probability of 0.48 or 48 percent. When you add all the odds in any market together, the total will be slightly more than 100 percent (with the excess over 100 percent representing the bookmaker’s profit margin).
By removing the draw from the equation, a chunk of probability has been taken away, so this has to be added back in to the odds on the remaining two options, in order to ensure that the total probability in the market adds up to at least 100.
As a punter, it is up to you to weigh up whether it is worth taking the shorter odds that you find in a Draw No Bet market in order to gain an extra level of insurance.
What happens in Accumulators?
Draw No Bet Explained
Many football punters like to combine their bets into accumulators, with the profit from each successful bet rolling onto the next one. It can be a good way to bring up a big win for a small stake, but if you’re thinking about combining Draw No Bet selections in an accumulator, you may be wondering what happens in the event of a draw. Does the accumulator fail?
Fortunately, no. For the purposes of accumulator bets, if there is a draw in a Draw No Bet selection, that bet is treated as void, just as if the game had been abandoned. The stake that would have been placed on that particular game simply rolls over to the next selection of the accumulator.
This will obviously reduce the potential final payout but it is a better outcome than the alternative of losing the whole accumulator because of one drawn game.
Draw No Bet strategies
Football punters who bet in the Draw No Bet market will develop their own methods, but there are some commonly used strategies that are worth considering.
The easiest way to get to grips with using Draw No Bet is to use it in those games where a dominant home side is taking on an inferior away team with a strong defensive record. These games can often be frustrating for punters who back the home team as their opponents set out their stall to defend for ninety minutes.
But by backing the stronger side in the Draw No Bet market, you can relax, knowing that if the visitors do hold on for a draw, you won’t lose any money, while their defensive attitude will all but rule out the chance of an away win.
Punters who do their homework on obscure teams and competitions may also find that their edge increases when backing Draw No Bet.
While building up your knowledge of the Turkish TFF Second League or the Belarusian Premier League will often be to your advantage as bookmakers don’t have the resources to have specialists analysing the smaller leagues, this advantage increases in Draw No Bet markets, which bookmakers tend to price up automatically, based on the Match Winner odds. By combining expertise in an obscure league with expertise in this specialist market, punters can gain a bigger edge.
Finally, one trick that can come in handy is to compare the Draw No Bet odds with the Asian Handicap 0:0 market, which effectively offers the same bet. Sometimes the available odds will be higher on one market than the other, though the bets amount to the same thing. By taking the higher odds, you will be increasing the chance that your bet represents value.
Conclusion
As we’ve seen above, the Draw No Bet market has a number of advantages. By removing the draw option, it makes it easier for punters to analyse a game and weigh up the probable outcome. It also offers a degree of insurance for those situations when the team you’ve backed is denied a win through bad luck or dogged defending, and unlike a traditional Match Winner bet, a Draw No Bet selection won’t ruin your accumulator if the game ends in a draw.
While the fundamentals of betting in the Draw No Bet market remain the same as for the Match Winner market, and require the punter to accurately weigh up the chances of the two opposing teams, many punters prefer to go Draw No Bet for the reduced complexity and added insurance it offers. For football punters looking for an alternative to the traditional Match Winner market, it is definitely worth considering as part of your football betting strategy.