In the world of sports betting, the draw no bet meaning is a common term that you will encounter.
But what are the benefits of placing a draw no bet wager? In this blog post, we will answer all of your questions and help you learn how to make money from this type of bet.
So read on and learn everything you need to know about draw no bets!
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.
Because 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 where a tie/draw might occur and where the betting market can be used include:
Football in America (rarely), Boxing, Australian cricket rules apply to soccer. Ice hockey, chess, Horse Racing and Other Racing Sports.
Keep in mind that several of these sports, such as tennis, have special restrictions in place to keep the match from running too long. This virtually guarantees that the match will not result in a tie, which is why the “draw no bet” market option is not available on Tennis or Sumo (where matches are usually rescheduled, forfeited, or more breaks are added if a draw occurs).
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:
- Home and draw
- Home and away
- Away and draw
The odds on this type of market will not be as good as match betting, but 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 identical to the “draw no bet” market option. You will get your stake refunded if the match ends in a draw.
If the lower risk appeals to you but the lower profit discourages you from placing a draw no bet betting, you’ll be happy to hear that you may combine numerous picks to produce doubles, trebles, or even accumulator bets. There are two ways this could be useful. To demonstrate them, we’ll use the example of a double.
Let’s imagine you have two games that you believe are close to calling, with the draw posing a danger. Use West Ham vs. Newcastle and Tottenham vs. Everton as examples. A typical double, in which you support both home sides to win and lose if they draw, returns £29.42 profit on a £10 wager. Remove some risk by betting on the draw no bet market on both games and you might make £10.91.
The other circumstance is when you have multiple choices with varied probabilities. We’ll remain with the West Ham Newcastle match as a game that might go either way, while Liverpool is a decent chance to overcome Leeds at Anfield.
If you bet on Liverpool in the draw no bet market, the odds become extremely favoured and unappealing. Instead of leaving the bet alone, you might bet on Liverpool to win in a conventional match result scenario, with West Ham as a draw no bet. You get the best of both worlds this way. If the West Ham game ends in a tie, your stake will not be reimbursed, but the wager will be combined into a single bet on the winner.
Any draw no bet selections that end in a draw simply drop out of your accumulator when using the draw no betting strategy in an accumulator scenario.
The draw no bet is a popular betting market, particularly in football betting, and many people love placing single bets or combining them in accumulators because of the decreased risk involved. You should now understand what this bet means and may begin including it in your wagers because who can resist low-risk wagers?