Draw No Bet Betting
Draw No Bet is a bet that your team does not lose.
There are only two selections you can make:
- Back the home team; or
- Back the away team
Draw No Bet is popular because it decreases the chances of your bet losing.
Here’s how Draw No Bet works.
Draw No Bet Example
Here are some Win/Draw/Win odds for an upcoming soccer match:
In this scenario, if you were to bet on Brazil to win and they do, your bet wins.
However, if the match is a draw after 90 minutes or Argentina wins, your bet loses.
Now, compare this to Draw No Bet.
Here are the Draw No Bet odds for the same match:
In this scenario, if you bet on Brazil to win and they do, your bet wins.
If you bet on Brazil to win and they lose, your bet loses.
Here’s the difference.
If you bet on Brazil to win and the match is a draw after 90 minutes, your bet pushes and you receive your original stake back.
Draw No Bet increases the likelihood of winning a bet.
For this reason, sportsbooks adjust their odds to make them less attractive.
But that doesn’t mean you can’t find value.
Creating A Draw No Bet Market
Most sportsbooks have Draw No Bet available for soccer.
In the event that yours does not, you can create your own Draw No Bet sports investing market using Win/Draw/Win odds.
Here’s how.
As an example, we will use the same Win/Draw/Win odds as above and will be backing Brazil.
Step 1 - Convert Win/Draw/Win odds into Draw No Bet odds.
Use decimal odds to make the conversion easier.
Here’s the formula:
Draw No Bet odds = (1 - (1 / Win/Draw/Win “Draw” odds)) x Win/Draw/Win “Win” odds
In our case:
Brazil Draw No Bet odds = (1 - (1 / 3.300)) x 1.847 = 1.287
Step 2 - Calculate How Much To Bet On Draw
Here is the formula to use:
Bet On Draw = Total Bet / Draw Odds
In our example, let’s say we want to bet $100.
Our bet would look like this:
Bet On Draw = $100 / 3.300 = $30.30
Step 3 - Make The Bet
Split the bet between win and draw based on the result of Step 2.
In our case, from our $100 bet, we would wager $30.30 on the draw with the remainder ($69.70) on Brazil to win.
Other Bets
If your sportsbook doesn’t have Draw No Bet and you haven’t got time to work out how to create your own, there are other alternatives to look into.
One of which is Double Chance Betting
This bet combines two selections into a single bet.
The combinations are:
- Betting on the home team or draw;
- Betting on the away team or draw;
- Betting on the home team or on the away team.
Here are Double Chance odds for the game as above:
These odds are heavily also adjusted as the chances of winning increase.
Asian Handicap can also provide value. If the game ends as a draw, the bet pushes and your original stake is refunded.
Summary
Draw No Bet removes the outcome of a draw on three-way markets. This allows you to bet on just a home or an away win.
Use the steps above to create your own if it’s not available in your sportsbook.
