The Draw no Bet market is a popular option among bettors who want to remove the potential of losing if the game ends in a draw. There are plenty of specifics of this bet type and one main advantage: the lower risk. And read on below if you’d like to know what Draw no Bet is, how it differs from the standard match result market and whether it’s a good option to implement in your betting strategy, as well as how to create your own Draw no Bet odds from the standard match result market.
What does Draw no Bet mean and why are punters choosing to use Draw no Bet wagers?
As the name implies, the Draw no Bet removes the ‘draw’ result from the standard football betting. Usually on football events you can wager on home, draw or away but here you’ve got only two of those three results. What’s the good news, you might ask? Well, the idea is that even though the odds are slightly lower than with standard stakes, you’ve got one major advantage. And if the match ends in a draw but you’ve bet on a team to win home or away, you won’t lose your stake. You’ll get it returned. This reduces the risk of losing your stake on events played between evenly matched teams.
How does the Draw no Bet work and steps on placing a Draw no Bet selection?
While the match odds bets include three results: home win, away win or a draw, the Draw no Bet keeps only two of those options: that either the home or the away team will win. And if they manage to reach a tie, your stake is returned whereas with the standard betting markets if you’ve placed your bet on either team to win but the end result is a draw, you’re losing your stake.
The idea is that the Draw no Bet puts your stake on either Team A or Team B to win. If you’d like to back a team from the Premier League, say, for a home win and you place a Draw no Bet bet, there are three likely outcomes:
- if your team wins, your bet is a winning one
- if the playing team away wins, you’re losing the stake
- if they reach a draw, your stake is refunded back to you
To place such a selection, you don’t have to do anything that different from betting on a standard market. You simply log into your account, then head towards the sport you’d like to bet on. Click on one of the pre-match or in-play matches currently offered, look for the Draw no Bet tab and whenever you find it, you can now place your selection. Enter the stake, confirm and that’s it.
Converting match odds to Draw no Bet
Whenever you’d like to use Draw no Bet when betting on any kind of sport, you will actually still see the odds shown as standard match result odds. And lets see how to convert those.
If you’d like to find the home odds on Draw no Bet wagers you’ll need to:
- divide one by the standard match odds
- substract the result from one
- multiply the number times the home odds
On the other hand, to see the away odds, you need to:
- divide one by the standard match odds
- subtract the result from one
- multiply the number times the away odds
Of course, if you’d like to bet on the Draw no Bet selection but you don’t feel like doing all those calculations, you can skip them and instead use a free bet calculator which will work it all out for you, along with showing you the potential returns and winnings on a given stake.
Is choosing Draw no Bet a good betting option for you?
Draw no Bet is a popular kind of wager, indeed. And why wouldn’t it be, considering it lowers the potential risk and ups your chances of winning (or at least getting your stake back). Here’s where one of the main drawbacks come, too. Because even though the Draw no Bet allows you to lower the risk, it also brings down the potential returns since the odds change to accomodate for the fact they cover either a home win or an away win bet.
So, if you’d like to enjoy a lower risk, you’re looking to protect your finances more and you’re betting on teams that have a high chance of reaching a tie, then the Draw no Bet is a great option for you. On the other hand, if you’ve got a higher budget and you’re willing to take the increased risk of the standard match result markets, than those might be a better option for you because the potential return is bigger.
Alternatives to the Draw no Bet: Additional markets to use in your football betting strategy
Now, whereas the Draw no Bet reduces the risk of losing and allows you to get your stake back if you place a home or away bet and the match ends in a draw, there are some
Accumulator
Here it doesn’t boil down to choosing an acca over the Draw no Bet. Actually, you can include Draw no Bet selections to protect your potential winnings and lower the risk of losing in the likelihood of a draw. Because even though accumulators can bring in a huge potential payout, they need all selections to win in order to do so. In this case if you want to bet on accas but up your chances of winning, you can integrate the actual Draw no Bet market into your bet slip because it removes the draw result and makes your acca more likely to win.
Asian handicap
One alternative and quite similar selection is the Asian Handicap. It will show the handicap as zero and here your stake is returned on a draw, too. But that’s the only similarity which still does lead to the same end result. The main difference, on the other hand, is that the Draw no Bet offers you the chance to calculate the different odds. Which means you will be able to discover more high value options with the various bookmakers and betting exchange platforms whereas the Asian Handicap doesn’t provide you with such an option.
Double Chance
The Double Chance bet is a betting strategy which allows you to cover two potential outcomes on three total choices. In other words, it doesn’t remove the draw option like when you use the Draw no Bet market but it allows you to bet on it, too. There are three potential ways to place such a wager:
- as 1X where you’re covering home win and draw
- as X2 where you’re covering draw and an away win
- as 12 where you’re covering everything but a draw
Of course, the general pros and cons are pretty much similar. You’re getting lower risk for lower odds, too.
Best Draw no Bet odds with the top UK bookmakers
Draw no Bet markets are offered by many of the best betting sites out there. And they allow you to incorporate it into your betting strategy along with lots of additional types of bets.
To make it easier to find the higher value deals with the various UK bookies, though, we’ve got many reviews and recommendations to offer you including with some thrilling sports promos.
Keep in mind that most free bets cannot be used on Draw no Bet, though, but if you’re looking for some alternative markets, the bonuses we cover can come in pretty handy.
Just take a look at the respective sports betting reviews, free bet bonuses and top recommended bookmakers to find some great odds on lots of interesting markets, as well as learn where to claim the best promo offers.
