What does Draw No Bet Mean?

The draw no bet market is one of the most common in sports betting. On the surface, the name can make the betting market a little confusing. There is a good chance you have seen draw no bet listed on your favourite online sportsbook but haven't considered using it.

The draw no bet market simplifies betting on your favourite football team. This post will explore the betting market and explain how to use the draw no bet to wager on football matches.

The draw no bet simply eliminated the possibility of a football match ending in a draw. When you place a draw no bet wager, your stake is divided into two.

The stake is split between the winning team and the match ending in a draw. For example, Liverpool play at Anfield. You predict Liverpool will win the match. However, Manchester United are in good form and the match could end in a draw.

A normal 1x2 bet market would provide you with three potential outcomes: a Liverpool win, a draw, or a Man United win. If Liverpool win, your bet would be successful. However, any other outcome would see your bet lose.

In a draw no bet wager, there are just two outcomes available. If you wager on Liverpool to win and the Reds post a victory, then your bet is successful. If Man United win, then your bet would be a loser. Unlike the 1x2 bet, in a draw no bet wager, you would receive your stake back if the match ends in a draw.

The draw no bet market is a popular bet type for punters. It allows you to receive some insurance in the form of receiving your stake back if the match ends in a draw. It also ensures you have just two outcomes to bet on.

How Does Draw No Bet Work?

Go to your favourite sportsbook, select the match you want to wager on and locate the draw no bet market. You will have two options to select from. Add the selection you want to your bet slip and place your wager.

You will get your stake back if the match ends in a draw. If the game ends and the team you selected wins, then the bet is successful. However, if the team you selected loses the match, then the bet also loses.

Do I Get My Stake Back if There a Draw?

You get your initial stake back if the match ends in a draw. This is one of the reasons the draw no bet market is so popular with punters. It provides some insurance on your stake.

Draw no bet example

During the Women's Euro 2022, England and Spain met in the quarterfinals. At the beginning of the competition, both teams were tipped as the favourites to win the Euro tournament.

England excelled in the group stage, while Spain suffered injuries to key players and progressed as group runner-up. In the last eight, the two teams met, with England the slight favourite.

Both sides played well in defence making it possible that the match could end in a draw at full time and go to extra time. Rather than placing a bet on either team to win in the 1x2 market, you play it safe by betting on England in the bet no draw market.

When you placed your bet, the Lionesses were at odds of 1/2. You staked £100 on England's draw, no bet at odds of 1/2. The game ended with England and Spain drawing 2-2 at full-time. England went on to progress to the semifinals on penalties.

Because you played it safe and selected the draw no bet option to wager on England, you receive your £100 stake back from the bookie. Now, you can use that on another wager at another time. Had you bet on England to win in the 1x2 market, you would have lost your £100.

Had England won the fixture, your draw no bet wager would have come off. The bet would have paid out £150.

Why would you bet draw no bet?

Using the draw no bet is to provide yourself with insurance. You eliminate one of the possible outcomes of a football match, meaning there are only two outcomes to select.

Are the odds shorter for draw no bet than 1x2?

The odds are shorter for a draw no bet than for a 1x2 bet. Since you are eliminating one of the three possible outcomes in the 1x2 market, the odds become shorter. Using the draw no bet market, you only have two choices to make.

How do you calculate winnings from draw no bet?

The best way to calculate winnings from a draw no bet is to use an online betting calculator.

If you want to calculate the winnings yourself, then follow this formula:

(home stake * (home odds - 1) - draw stake) = Home Win

(draw stake * (draw odds -1) - home stake) = Draw Win

What is the difference between fractional odds and decimal odds?

Fractional odds are displayed as fractions, with the amount you will win on top and the amount you must stake at the bottom to earn those profits. For example, odds of 2/1 mean you will win £2 on a £1 wager if the bet is successful.

Decimal odds, however, show how much you would win for every £1 wagered. For example, decimal odds look like 3.00. These odds mean that a £1 stake would result in a £2 profit for a successful bet. Unlike fractional odds, decimal odds include the returned stake.

What is the difference between Draw No Bet and Double Chance?

A double chance bet is a bet on two possible match outcomes. A football match has three possible outcomes; in a double chance bet, you cover two of those potential outcomes.

For a double chance bet, you can wager on Liverpool to win or draw, Liverpool to win or Man United to win, or Man United to win or draw. Thus, you can cover these possible outcomes.

Draw no bet wagers allow you to eliminate the draw market and wager simply on a team winning. If a draw occurs, you receive your stake back.

Does Draw No Bet or Double Chance have better odds?

Odds on double chance markets are typically shorter than draw no bet odds. This is because you are covering two outcomes of the three possible markets.

What is double chance?

*Double Chance betting is a wager on two possible outcomes of a football match. Since you are betting on two possible outcomes, you have a 66.6% chance of winning the bet.

Draw no bet and Asian Handicap

There are Asian handicap betting markets that display the handicap as 0. If a match ends in a draw, the stake is returned to you. This is similar to the draw no bet wager.

Draw no bet betting strategy

You should use the draw no bet market in any football match where the underdog has a strong chance of upsetting the favourite. If you want to back the favourite with a substantial stake, then you may want to use the draw no bet market as insurance in case the match ends in a draw.

In addition, draw no bet is ideal for a wager on a match between two similar teams. If you team wins the match, then the bet is a winner. A draw would see you gain your stake back.

When compiling an accumulator, the draw no bet market is at its best. You will gain real value by wagering on matches using draw no bet with accumulator bets.

By combining your selections into an accumulator bet, you compensate in the reduction in odds created by the market.

Draw No Bet tips

Be up to date on the teams' recent results and previous form. Moreover, research the previous matches between these sides.

Try to find value in the odds of matches between two teams that are similar in strength. Use the draw no bet market for wagering on the favourite while having insurance on the result of a stalemate.

Is draw no bet a common bet?

The draw no bet wager is very common. It can be exploited for sizeable returns. When used to build a three fold or four fold accumulator, you can build up the value.

What sports can bet draw no bet?

Sportsbooks offer draw no bet markets for events that can end in a draw. Football is the main sport in which the market is available. It is also offered in cricket betting. Ice hockey, Aussie Rules Football, Boxing, and Horse Racing are just some sports that have draw no bet markets.

Many sports have had rule changes to prevent draws from occurring. For example, the NBA goes to overtime if a game is drawn at the end of regulation. Some sportsbooks may offer a draw no bet market on basketball games, while others won't.

The same goes for American football betting. If a game is drawn, it will go to overtime. Once more, some sportsbooks will offer markets on draw no bet for American football betting.

What sports can you not bet draw no bet?

Sports in which a draw no bet doesn't work are sports such as:

Golf
Tennis
Baseball
Basketball (sometimes)
American Football (sometimes)

Other Common Bet Types

Some of the most common bet types in the sports betting world include:

1x2 betting market
Double Chance
Over/Under
Goals Odd/Even
Both teams to score
Player to score anytime
Player to be carded
Correct score
Halftime result
Halftime/Full-time
Halftime Double Chance
Both teams to score first half/second half
To win to nil

The draw no bet market is among the most popular sports betting markets. It allows you to eliminate the possibility of a draw from a match. Therefore, you have two possible outcomes to the draw no bet explained: A win for Team A or a win for Team B.

If the match ends in a draw, your stake is refunded. The draw no bet market provides insurance if you place a large stake. It also enables you to bet on a favourite without the risk of losing the bet if the underdog sneaks a draw.

Finally, a draw no bet wager allows you to combine several selections at short odds onto your bet slip to create an accumulator bet with a potentially large payout.