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You are probably reading this because you have seen the “draw no bet” betting market in a Sportsbook or an article somewhere and you are wondering what exactly it means. We will gladly explain to you everything you need to know about the betting market, like where it's used and what does it mean. We will also give you some examples, so you can understand them better.
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Draw No Bet Explained
Draw no bet sounds complicated if you have no idea what it means but the truth is that it's straightforward. The betting market is becoming quite popular among bettors who prefer not to take risks when betting. Draw no bet allows you to wager either on the “home” or “away” outcome on three-way markets.
You are probably asking yourself what happens to the third possible outcome, well the “draw” possibility is scratched out. This means that if a draw or also called “tie” occurs, your stake will be returned in full. When placing these types of bets, you shouldn't expect great odds. It will most likely have lowered odds because of the type of betting market and because it has less risk for customers. That is why usually betting markets like draw no bet and double chance have worse odds than match winner or correct score, for example.
Keep in mind that not all bookies offer this betting option for the different sports, mainly because sports like Basketball and Tennis can't end in a draw (because more time is added or a unique rule is put in place, like the tiebreaker in Tennis), so this leaves the betting option only for select sports, like football. Some bookies might offer the draw no bet market option for the first and second half of matches, besides the full-time match market. We will give you a couple of examples across different sports below.
Sports That Feature Draw No Bet Market
Bookies aren't able to offer draw no bet wagering on all sports because not all sports end in a tie. The most popular examples of sports which can end in a draw/tie are Cricket and Football. Sports that can end in a tie/draw and where the betting market can be applied are:
- American football (rarely)
- Australian rules
- Ice hockey
- Horse Racing
- Other Racing Sports
Keep in mind that some of these sports have specific rules in place so that the match isn't too long, as the tiebreaker rule in Tennis. This mostly ensures that the match won't end in a tie, and that's why you don't see the “draw no bet” market selection on Tennis or Sumo (where matches are usually rescheduled, forfeited, or more breaks are added if a draw occurs).
Examples of Draw No Bet Wagers and Outcomes
Let's say that you want to bet on a match between Tottenham Hotspur and Southampton. The odds for each of the two outcomes of this hypothetical match are listed below:
- Southampton – 21/20 (2.05)
- Tottenham Hotspur – 7/10 (1.70)
If we were talking about the match-winner betting market, the odds would look something like this:
- Southampton – 21/10 (3.10)
- Tottenham Hotspur – 29/20 (2.45)
Because the “draw” outcome is taken away, the odds are lowered, so it's fair.
Let's say that on the “draw no bet” betting market we listed above you bet £20 that the Spurs will win the match. If they do win, you stand to win £21 and the total payout you will receive will be £41. If the match ends in a draw, you will receive the full amount (£20) of your stake back and it would be as if you didn't place the bet in the first place. If Southampton wins the match, you will lose the £20 you bet on the event.
Similar Betting Markets
There are similar betting markets you can try if a bookmaker doesn't provide the “draw no bet” market. One example of that is the “double chance” market because it still gives you the same percent security as the “draw no bet” market. When placing a double chance bet you back two out of the three outcomes in three-way markets, for example:
- Home and draw
- Home and away
- Away and draw
The odds on this type of market wouldn't be as good as the match betting market, but if you prefer to place low-risk bets, then this is perfect for you.
Another similar or some might even say the same betting market is a variation of an Asian Handicap. Only Asian Handicaps with a 0 handicap are the same as the “draw no bet” market selection. If the match would end in a draw, you will get your stake back.
Frequently Asked Questions Regarding Draw No Bet
What do I do if the bookie doesn't offer to draw any bet?
You can either request the betting market if the bookmaker offers the “request a bet” feature, or you can create the same outcome by dividing your stake by the decimal odds for a draw. Place the amount you got from the calculation on the event to end in a draw and the rest of your stake on your favorite team. This is essentially the same as the “draw no bet” market.
Can I combine the draw no bet market into a multiple bet or an accumulator?
Yes, you can.
Will the whole accumulator be voided if there is a draw no bet selection and the match ends in a draw?
No, your accumulator bet shouldn't be voided. This depends on the bookmaker you are betting with, some might decide to void the whole wager, while others might void only the draw no bet selection and leave the rest of the wager.
The draw no bet is a popular betting market, especially when it comes to football betting and many people enjoy placing these types of bets as singles or combine them in accumulators because of the lower risk involved. By now, you should already know what this bet stands for and you can start including it in your selections because who can resist low-risk wagers?