Draw No Bet Betting Explained
26 June 2019
If you usually stick to match result or Both Teams to Score betting, you may have seen the Draw No Bet market but never really paid it much attention.
But, this can be a great insurance bet if you believe one team in a football match really doesn’t have any chance of winning but could be good enough to nick the draw.
Draw No Bet Betting
The Draw No Bet market provides bettors with an insurance bet where they can bet on an outcome in a football match, albeit at shorter odds than on one outcome in the match result market, and receive their stake back if the match ends in a draw.
Even though the betting odds will be shorter, this type of bet lessens the risk and increases the chance of a winning bet. If you bet on the away team in the match result market and the game finishes level, you will lose your stake. In the Draw No Bet market, you will get your stake back and be level with regards profit and loss.
Lets look at an example.
Using odds from Betfair for the Netherlands vs England Nations Cup Semi Final, we can see Netherlands priced at 19/10, England at 31/20, and the draw at 21/10 in the match result market.
With draws between the teams a regular occurrence in recent years, there was a big possibility of a drawn game. But, as a punter, you believed England would win.
If you backed England in the match result market with a stake of 100, and they won, you would get back a total of 255. This is a profit of 155. But if the game ended in a draw, you would lose 100.
In the Draw No Bet market, Netherlands were evens and England were priced at 8/11. So, backing England in this market gave you the possibility of only 72.73 profit, which is 82.27 less than in the match result market. But, if the game ended in a draw you would receive your stake back and not lose a single penny.
Obviously, if the Netherlands had won the game you would lose in both betting markets.
HOW TO CHOOSE THE BEST ONLINE BOOKMAKER?
Bookmaker Doesn’t Offer This Market
Most bookmakers, especially the more popular and well known ones, will offer Draw No Bet markets for football and possibly some other team sports where a draw is a possible outcome.
However, if you find the market isn’t available at the bookie you use or for a certain match, you can create your own.
To do this, you need to convert the odds into decimal either by selecting this option at your chosen bookmaker or by using a website which shows you the different odds in fractional, decimal, and moneyline.
So, we will take Netherlands as our selection from the above example. Their price of 21/10 converts into decimal odds of 3.1, with the draw now at 3.3 (23/10).
In order for you to create your own Draw No Bet bet, you must divide your stake by the decimal odds for the draw. Which is 100 / 3.3 = 30.30. So, you would place 30.30 on the draw to guarantee your stake, or pretty much all of it, back if the game finished level.
You then place the rest of your stake on your chosen selection. So we would place 69.70 on Netherlands at odds of 3.1. Meaning that if Netherlands won, you would win a total of 216.07.
Again, your bet would lose if the selection you didn’t choose went on to win the match.
CRITERIA WE USE TO CHOOSE THE BEST BOOKMAKERS
- Odds quality
- Market coverage and selection of bets
- Betting limits on that sport
- Live streaming
- Sport specific bonuses and promotions
INFORMATION WE LOOK AT FOR ALL BOOKMAKERS
- Website quality and usability
- How easy is to deposit and withdraw funds?
- How good the customer service is
- Can you trust this bookmaker?