Draw no bet meaning: Explaining this common betting market

In football there are many different types of bets and ways of betting. For new bettors, most of you only know Asian handicaps, European handicaps, 0ver Under odds… However, there are many types of odds and side handicaps that contribute to creating a lively and exciting betting market. This also helps the bookmaker create more diversity in creating a betting environment for its customers. So, have you ever heard of the phrase “Draw no bet meaning”? Do you have questions about it or not? Let the admin answer right in this article.

What is Draw no bet? Meaning

Draw no bet, abbreviated as “DNB,” might seem daunting if you’re unfamiliar with it, but it’s actually quite straightforward. This type of betting is gaining popularity among those who prefer a safer approach to gambling. With draw no bet, you can choose to wager on either the “Home” or “Away” outcome in three-way markets. But what about the third outcome, the “draw”? Well, in draw no bet, that possibility is eliminated. If a draw, or “tie,” occurs, your stake is fully refunded.

However, don’t expect high odds when placing these bets. Draw no bet typically offers lower odds due to its lower risk nature. That’s why markets like draw no bet and double chance usually have worse odds compared to options like match winner or correct score.

It’s important to note that not all bookmakers provide this betting option for every sport. For instance, sports like basketball and tennis don’t typically end in a draw due to overtime or unique rules like tiebreakers. Therefore, draw no bet is primarily available for select sports, such as football.

Some sports apply Draw no bet

Bookmakers cannot offer draw no bet options for all sports because not all sports end with a tie. The most common examples of sports that can end in a tie/draw are cricket and football, which are also great sports for using accumulator betting techniques. Sports that can end in a tie/draw and may have draw no bet markets applied include:

• American football (rarely).
• Football (soccer).
• Baseball.
• Australian rules football.
• Chess.
• Ice hockey.
• Boxing.
• Horse racing.
• Other motorsports.

Keep in mind that some of these sports have specific rules to ensure that matches do not extend too long, such as tiebreak rules in tennis. This mainly ensures that matches do not end in a tie, which is why you don’t see the “Draw no bet” market option in tennis or sumo (where matches are often rescheduled, canceled, or end in a tie more frequently).

The easiest example to understand

If you still don’t have a good understanding of how the No Bet betting market works, use the football example to help you better understand it. Watch the match below between Wolves (1) at home against Leicester City (2):

In the example above, you see the odds for a double chance bet. This type of bet allows you to wager that Wolves (1) will win, draw (X), or Leicester City will win (2). Although the likelihood of a draw is less, it can still result in a loss of the bet.

Suppose you bet that Wolves will win. Using the odds, you can calculate the implied probability. In this case:

(1/2.55) x 100 = 39% chance of Wolves winning.

Although there is a 39% chance of winning the bet, there is also a 61% chance of losing the bet due to a draw or Leicester City winning.

Now let’s compare it to the Draw No Bet (DNB) option.

In this scenario, the chance of winning the bet on the Wolves match ending in a win is 56%. The likelihood of losing the bet is calculated at 49% (with the odds being 5%). In this situation, the chance of winning the bet increases as the chance of losing decreases significantly when the possibility of a draw is eliminated.

While previously, with the 1X2 bet, calculating the odds against you meant factoring in both losses and draws, with the Draw No Bet meaning option, you only have to consider losses.

Instead, if a draw occurs, your stake will be returned to you.

How to place a bet that does not draw at a reputable bookmaker?

• Log in to your account after registration.
• Choose the type of sports betting: Pre-match, live, or virtual.
• Select the sport and tournament you want to bet on.
• Choose the match you’re interested in and view the betting options.
• Select “Draw No Bet” and choose either 1 or 2.
• Enter your stake amount and complete the betting process.
• Check your bets in the “Single” tab or place combination bets if needed.
• Click on “Place Bet” to finalize the betting process.

Pros/Cons of Draw no bet

Strengths

After learning about Draw no bet meaning, we will analyze its strengths / weaknesses.

Hide your bet from the draw: Bettors may be surprised to learn that draws are actually much more common than we think. For example, in football, draws occur in about 25% of matches. This means that one in four matches will end in a draw. By factoring in the possibility of a draw in your betting odds, you are at a higher risk of losing when picking the winning team.

Protecting you from unexpected setbacks: One of the reasons Wolves climbed the ranks in the Premier League is because larger teams underestimated them. Instead of fielding their top lineup against the Wolves, they played against less experienced and less skilled teams. This means that the Wolves earned points through surprising wins and crucial draws.

Weakness

Since the tie option has been eliminated, the chances of losing a bet are less. This means that the odds of a No Bet Tie are lower than a 1X2 bet.

When to choose a Draw no bet?

Possibility of a draw

Draw No Bet is a great concept if you intend to bet on a team but there is a possibility of a draw. This typically happens when both teams have similar capabilities and skills. If you’re unsure whether the two teams are likely to draw, consider the betting odds. If both teams in a match have similar odds, then there’s a high chance they will draw. Remember, if you see similar betting odds and the home team has a slight advantage, this could indicate a home advantage. This means there’s a possibility of a draw.

Bet on your favorite team that is losing

If you’re watching a game and you genuinely believe the preferred team will win, but they’re currently losing, you want to rule out a draw. When the favorites start to lose the lead, it’s time to bet on a No Bet Tie. This could be the favorites who are losing or the weaker team that has scored, closing the gap. In this case, you want to reduce the likelihood of losing your bets if they draw.

Players want to bet on losers

When betting on the lower door, you have a chance to win big if your prediction is correct. The problem with betting on the bottom door team is that the opportunity is definitely not in your favor, making it riskier to bet than betting on the upper door team. On top of that, a draw tilts the likelihood of you losing more.

To counteract the negative effects of a tie odds, you can eliminate a match that ends in a draw option so that you have less chance of losing if the weaker team draws instead of winning.

2 options if not possible Bets not tied

Double chance bets

While you can’t bet on two outcomes in a match using 1X2 bets, you can use safer double chance bets, where you bet on outcomes such as:

• Team A wins or draws;
• Team B wins or draws;
• There was no draw.

The difference between this bet and a No Bet is that the odds tend to be lower as you have more chances of winning this type of bet. You can also find more restrictive limits with double chance bets.

Handicap 0,0

The 0.0 handicap bet is essentially the same as the No Bet Tie. In the 0.0 handicap, there is no draw option and no handicap bet (since it is set at 0.0), neither team has an advantage.

Conclude

Football is a king sport with many types of bets and we have just learned in detail about the draw no bet meaning format. If you are a new player, then in addition to the basic betting styles, we should try the experience of betting not to draw with a certain amount. Of course, do not forget to register an account and bet at reputable bookmakers and the football tips vip provided by Kingsoccertips every day. Your win rate will definitely be enhanced, uncle

See also: Arbitrage Betting explained – How to it for beginners?