Draw No Bet Means What
- What is Draw no Bet Draw no bet is a new and popular market in leading betting companies. Basically, this technique involves removing the draw option in the game to remain with the home win or away win. If you bet home win, and the home team wins, you win the bet.
- In draw no bet accumulators there is no need to chose to draw no bet for every leg. You can mix and match as you like. Say that you have high expectations that some of your selections will win, you can choose to select win bets as the chances of a draw are so low and that way you get better odds.
- The draw no bet meaning is that you are placing a bet on a certain team or athlete to win an event. If they successfully win as you expected, then you will be paid out as normal. If the game ends in a draw, you will get your stake returned to you. Therefore, you are placing a bet that eliminates the risk of their being a draw in the fixture.
Draw No Bet The “Draw No Bet” market allows you to bet on either side to win the game, with you getting a refund on your stake if the match result ends in a draw. Therefore if Everton is playing Aston Villa, the markets available here will be: 1.
What do people really mean when they talk about Draw no bet? To be precise, ‘Draw No Bet’ involves removing a ‘Draw’ bet option from the selections. This bet is commonly used by punters to bet on an underdog with an added insurance.
If the concept of Draw no bet isn’t clear to you yet, then we’ve expounded it in the example below:
In a Champions League football tournament, they offer markets for a win, draw or lose. But by removing the; Draw’ option from the selections, the odds are lowered, and you get a winning outcome. Commonly known as the Asian Handicap, this bet offers a more exciting way to bet considered to others.
If Chelsea is playing against Arsenal in the Champions League soccer tournament, the strong odds will be given to the ‘Draw’ option by the operator. But when the ‘Draw no Bet’ option is removed, the odds for either the winning or losing result will be reduced. These low odds are what have attracted many people to the Draw no Bet option.
This is especially the case if you want to use this option in a draw no bet accumulator, whereby lower odds give you the chance of landing a winning outcome.
Calculating Draw no Bet
Calculating the Draw, no bet outcome is simple and straightforward. The true odds of this sports betting market can be calculated by combining the odds that are posted on the 1×2 market. It works perfectly by spreading the stake over either a home win and Draw or away team and draw.
The following steps will help you to calculate your Draw No Bet odds from the 1×2 betting market:
- Convert 1×2 odds into Draw no bet odds
- Calculate your own Draw no bet stakes
Using our previous example:
Chelsea vs. Arsenal
If you stake $200 on Chelsea and the 1×2 bets are as displayed as follows:
- Chelsea win: 150
- Draw: 3.3
- Arsenal win: 4.5
Draw No Bet Means What In Football
To convert the 1×2 bet odds into Draw no bet odds, the formula is as follows:
- Home Draw No Bet odds: (1-(1/1×2 draw odds))* 1×2 home odds
- Away Draw No Bet odds: (1-(1/1×2 draw odds))*1×2 away odds.
To calculate how much of your stake to be made on each outcome, use the following formula:
Bet Amount on the Draw option = (total stake/draw odds)
The Bottom Line
We hope that your questions about Draw no bet market in sports betting have been answered and you can now apply this information to maximize your profits. The Draw no Bet option does not only make betting to be fun but also reduces the risks involved in losing your bet. So, if you are searching for the best way to boost your winning opportunities, then you should opt for Draw no Bet market.
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?
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.
What Does Home Draw No Bet Means
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.
Draw No Bet Means What Can
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.