The draw no bet is the favourite type of wager for punters who prefer win or lose situations and are not fans of the classic 1X2 gamble. We are going beyond the psychology of bettors by venturing into the pros and cons of the wager. Moreover, we are offering a few valuable tips on how to play them.
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What Does Draw No Bet Mean in Sports Betting?
The draw no bet meaning is quite simple. This wager type eliminates the tie outcome, and punters must choose between the victory of the favourite or the underdog. Sometimes it’s possible for almost a quarter of all matches in a certain league to end in a tie. If people wagered on a team winning with regular 1X2 gambles, they would have lost every fourth one. Therefore, it is often safer for punters to rely on draw no bet markets.
Draw No Bet Rules and How Does It Work
The draw no bet market offers only two outcomes for either team to win. The possibility of them ending in a tie is entirely ignored. See draw no bet explained in the following example: let’s say we gamble on Manchester United to win, and the match ends in 1:1. In this case, the wager will be voided, and the stake goes back to the punter – hence the name. Moreover, the bookmaker will not charge for any commission in the event of a tie.
|Man Utd – Leicester||Manchester United||Leicester|
However, this advantage comes literally at a price. If you examine the following 1X2 selection for the same match, you will see there is a significant difference in the odds between the outcomes of both wager types. Instead of splitting the tie between the other two outcomes evenly, the bookmaker increases the commission on the draw no bet. This is the standard approach for sportsbooks. Moreover, while the increase may seem like a lot at a glance, the commission is just 3% more – from 4% to 7%.
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Alternatives to Draw No Bet
Now that we have the draw no bet explained, let’s examine some valid alternatives. Most bookmakers offer this market, especially for football. However, on the rare occasion that this wager is missing, there are a few alternatives which punters can use. We are listing them here in order of complexity:
- Asian handicap 0. This wager is identical to the draw no bet, though it is probably not as common. It is an excellent choice in the rare event that a bookmaker is offering an Asian handicap 0 but no draw no bet.
- Double chance. This wager is a good alternative that offers a similar level of risk. However, a double chance gamble usually has significantly reduced odds, so it is not as profitable to place.
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How to Make Your Own Draw No Bet?
If the above alternatives are not available, there is one more course of action for the shrewd punter: to create his own draw no bet. This is easily achieved by betting once for your preferred team on a regular 1X2 wager and then punting again on a tie outcome for example (or double chance).
In order to do it effectively, bettors should wager the appropriate sums on each selection. The easiest way to do it is to use a draw no bet calculator. However, since we believe in teaching people to fish, we are including the formula for calculating each stake.
Let’s say we have a total of £100 for betting, and we want to convert the above 1X2 wager. First, we need to calculate the stake on the tie, then the stake on the desired selection. These sums will be our stakes for the respective outcomes.
- Stake on the draw selection = Total Stake/Draw Odds = 100/3.75=£26.67
- Stake on the Preferred Winner = Total Stake – Draw Stake = 100 – 26.67 = £73.33
Frequently Asked Questions
⚽Q: What Is a Draw No Back in Accumulator?
💬A: Sometimes, punters choose the draw no bet accumulator over the regular 1X2 wagers. These accas are safer to play because they don’t fail for tie results in matches.
❓Q: How Does Draw No Bet Work in an Accumulator?
💬A: When a draw no bet is voided as part of an accumulator bet, the acca does not fail. In such cases, the multiples wager remains as an active wager, but it has one less leg, and the respective odds of the voided selection are removed from the total acca odds. These are the draw no bet accumulator rules.
🤷♂️Q: What Is the Difference between Draw No Bet and Double Chance?
💬A: The draw no bet eliminates the tie outcome in a match and returns the stake to punters in case of a tie. The double chance, in contrast, combines all possible outcomes of a 1X2 bet in three distinct selections: 1X, 12, and X2. Moreover, the odds of a double chance wager are significantly lower.
🏆Q: Which Are the Best Bookmakers for a Draw No Bet?
💬A: The biggest drawback of this wager is the low odds it offers for both outcomes. Therefore, the best sportsbooks are the ones offering the best odds. Here are the top five bookmakers according to the prices they have:
- bet365 - This sportsbook offers excellent prices and an abundance of markets.
- Betway - The bookmaker has good odds and charges an average commission.
- 888sport - An excellent sportsbook with reasonable odds, albeit slow withdrawal times.
- Pinnacle - This bookmaker takes pride in offering the best odds and charging a low commission.
- Mr Green - The bookie creates excellent value with top odds for football markets.
Lower Risk Comes with a Price
Many punters value this wager for a reason. It certainly has its advantages by lowering the overall risk and being suitable for accumulators. However, the odds are significantly lower than what a 1X2 offers. Therefore, it is best used after careful consideration between costs and the chance for a tie.
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