Draw No Bet has become an increasingly popular option among punters when assessing sporting fixtures featuring two well-matched opponents that they may find hard to separate when doing their pre-match analysis.
In a Draw No Bet wager, if you bet on one team to win and the match ends in a draw, you will get your money back.
What is Draw No Bet Football Betting?
In simple terms, Draw No Bet is precisely what its title suggests, allowing bettors to place a bet on a team to win, with the security of having their money returned if the fixture ends in a draw, as neither competitor has won or lost.
So, while in a normal win-draw-lose market, a punter would lose if the team they had backed drew or lost, Draw No Bet removes the option of the draw, boosting the chances of a successful bet by turning a three-way market into a two-way one.
However, there is a significant downside in that taking away one of the outcomes will automatically lower the odds available on the remaining options.
How Does a Draw No Bet Bet Work in Football Betting?
As discussed above, Draw No Bet takes away the draw in the three-way match market outcomes.
For instance, if Liverpool were playing Arsenal in the Premier League and a punter was to back Liverpool Draw No Bet, the three results would work like this:
- Liverpool win: Bet wins
- Draw: Stake returned
- Arsenal win: Bet loses
It is a simple option often preferred by savvy punters seeking to protect their stake or those who trade on exchanges, aiming to reduce the likelihood of a losing bet.
Do I Have to Calculate Odds For a Draw No Bet in Football Betting?
No. If the bookie is offering the market, they will have calculated the odds.
It is worth acknowledging that the odds are usually lower due to the draw being taken out of the equation.
What Other Sports Offer Draw No Bet?
Football is the primary sport where Draw No Bet is available, but it is also available for other sports that feature the possibility of a draw, such as cricket and rugby.
It is mainly identified by punters betting on what are expected to be close fixtures between two well-matched opponents. This is often the case in international cricket, which makes it a popular option for that sport.
However, though it is often made available, Draw No Bet doesn’t lend itself to sports such as rugby league and rugby union where draws are unlikely and interested bettors are best served by predicting a winner for the match.