If you’re new to betting or just not very familiar with its details, draw no bet will sound complicated, maybe even nonsensical. In truth, it’s quite simple to understand. A lot of bettors don’t want to take risks. This type of bet makes it possible to wager either on “home” or “away” on a three-way market, the third option being the draw. This option is eliminated, which means that if a tie or draw occurs, the bettor gets all of his money back.
Don’t expect attractive odds when placing these types of bets. Due to the lower risk and the type of betting market, the odds will most likely be lowered. That is usually why correct score or winner have better odds than betting markets like double chance or draw no bet.
Not available everywhere
Not all bookmakers have the draw no bet option for the different sports, mainly because tennis, basketball, and other popular sports can’t end in a draw. They have unique rules like tiebreaker in tennis or more time is added. This leaves the draw no bet option for football and other select sports.
Some sportsbooks might offer this type of bet for the full-time market as well as the first and second half of a match.
Apart from football, cricket is a popular sport that can end in a draw/tie. Others include American football, chess, Australian rules, boxing, ice hockey, horseracing, and other racing sports. To prevent a match or race from becoming too long, some of these sports have specific rules in place. In addition, these rules make sure the match doesn’t end in a tie.
If a tie occurs in a sport like sumo, you’ll see the matches are usually forfeited or rescheduled or more breaks are added.
Examples of draw no bet
In this section, we give an example of this type of bet. Let’s say that you want to bet on a match between Southampton and Tottenham Hotspur. Below are the odds for each of the two outcomes of this hypothetical match:
Tottenham Hotspur – 7/10 (1.70)
Southampton – 21/20 (2.05)
Tottenham Hotspur – 29/20 (2.45)
Southampton – 21/10 (3.10)
The odds are reduced because the “draw” outcome is eliminated.
If you bet 20 pounds on a Spurs win on the “draw no bet” betting market and your prediction is correct, you will get 41 pounds in total. If the game ends in a tie, you’ll get your wager of 20 back. You will lose it in full if Southampton win.