When it comes to betting, the markets are endless—punters always look for ways to increase their chances of winning. One way to do so is by placing a Draw No Bet wager.
In this article, we’ll explain the Draw No Bet meaning and give you more information on how you can use this intriguing betting market to your advantage.
Stay tuned!
What is Draw No Bet?
Let’s kick things off by explaining what does draw no bet mean.
Draw No Bet Meaning
Draw No Bet is a sports betting option that allows you to bet on the team you believe will win. In other words, you will win money if the team you bet on wins. If a game comes to a draw, bookmakers will give you your stake back. You can only lose your wagered money if the team you bet on loses the game.
Draw no Bets are considered less risky because out of the three possible outcomes of a match, you can only lose your money if your team loses. You can only bet on a home or away win using the draw no bet market while wagering.
This type of bet is often used when betting on football matches, as the outcome of a draw is relatively usual. Other sports you can place Draw No Bet wagers on include:
- Cricket
- Australian Rules football
- Chess
- Ice hockey
- Racing sports
Note: When placing a draw no bet, keep in mind that the odds will be lower than the other betting markets like correct score or match-winner. The main reason for this is that bookies are aware that this type of betting comes with less risk.
How Does a Draw No Bet Work?
Since the Draw No Bet is a market mainly used for betting on football matches, we will use an example of a football match to explain how it works.
Let’s say that the game you choose to bet on is a match between Manchester United and Liverpool. You go to your bookmaker and see the following odds listed for the match:
- Manchester United 2.10
- Liverpool 2.8
For example, you choose to place a £50 Draw No Bet wager on Manchester United winning the match. If this team does win, you will win £105. The total payout is calculated by multiplying the stake and the odds.
If the match is finished in a tie, you will get the total amount you staked without losing anything (in this case, £50). However, if Liverpool makes an away win, you will lose the bet and the £50 you staked.
Advantages of Draw No Bet
There are several advantages of placing a Draw No Bet wager:
- This type of bet is considered low-risk.
- Your deposit is safer than wagering with other markets.
- A relatively safe option for amateur bettors as it requires little analysis.
- The odds are usually higher than in the double chance market.
The Difference between Draw No Bet and Asian Handicap
A lot of beginner punters don’t understand the difference between Draw No Bet and Asian Handicap. To make things clearer,
- The similarity between the two markets is that the outcomes of Asian Handicap 0 and Draw No Bet are the same if the match ends up in a draw. In both cases, you will get your stake back.
- One of the differences between Asian Handicap betting and Draw No Bet is that with Asian Handicap, the teams are given advantage according to their abilities and past performance. Also, with Asian Handicap, you won’t get the chance to calculate your own Draw No Bet odds by using different bookies.
Conclusion
There’s a reason why Draw No Bet is one of the most popular wagers around—it’s a great way to minimise your losses and even turn a profit. Now that you understand the Draw No Bet meaning, you can be safe if the match you wagered on ends in a draw.
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FAQs:
How do you win Draw No Bet?
You will win with a Draw No Bet wager if the team you wagered on wins. However, you can also win your money back if a match ends in a tie.
Is Draw No Bet worth it?
Whether or not a Draw No Bet is worth it depends on a variety of factors, including the odds offered by the bookmaker and how confident you are in your prediction. Generally speaking, for low-risk types of bets, the market is definitely worth trying out.
How does Draw No Bet work in an accumulator?
If the match you placed a Draw No Bet wager on ends in a tie, that selection in the accumulator bet doesn’t count as a loss, and it will be like you have never placed it in the accumulator. Knowing the Draw No Bet meaning, you can start placing Draw No Bets right away!