Draw No Bet Explained

The Draw No Bet betting market removes the outcome of a draw in three-way markets. That means that it is only available for games that can end in a draw. If you pick the home team to win and the game ends in a draw the bookmaker is going to refund your stake. If the home team wins, you will receive your initial stake multiplied be betting odds.

The only outcome resulting in a loss is if the home team loses the game. You are basically betting on two out of three available options. If the game ends in a draw you will always get your initial stake back. It works like an insurance for your bets.

Let’s assume the opposing team scores a late minute equalizer – it will save your funds in this case. You won’t be winning your bet, but you will not be losing either.

However, there is something you need to keep in mind. Due to the fact that Draw No Bet is less risky, the odds will be lower as well. Regular three-way betting markets will always have higher odds than Draw No Bet odds.

Draw No Bet Examples

Let’s take a look at a game with actual Draw No Bet odds. The Copa America semi-final between Brazil and Argentina features the following 1X2 betting odds:

Brazil to win: 1.75

Draw: 3.40

Argentina to win: 5.00

We are using decimal odds in this example. However, you can switch to fractional odds in our odds comparison. Let’s say you bet 50€ on Brazil to win. This means that you can potentially win 50€ x 1.75= 87.50€. If the game ends in a draw or Argentina actually wins it, you will end up losing your whole stake.

Therefore you can decide to place a “Draw No Bet” bet on Brazil. The odds for this event are lower than betting on Brazil to win right away. Brazil Draw No Bet is currently 1.28, which means that you would win 50€ x 1.28 = 64€.

As you can see, the odds are lower than for the 1X2 betting market. However, there is a big advantage. In case of a draw, you won’t lose your funds. The only way you would lose your bet is if Argentina actually managed to beat Brazil in regulation. Draw No Bet is a safer betting market at lower odds.

 

Calculating Draw No Bet Odds

Converting or calculating Draw No Bet odds is not that difficult. We are going to show you how to do it below:

With Draw No Bet there are only two possible options: either you are betting on the home or away team. Therefore you need to calculate the odds differently.

Home Team Draw No Bet odds: (1-(1/1X2 draw odds) * 1X2 home team odds

We will use the odds from our previous example to calculate the Draw No Bet odds:

Brazil Draw No Bet odds: (1-(1-3.40) * 1.75 = 1.23

Away Team Draw No Bet odds (1-(1/1X2 draw odds) * 1X2 away team odds

Argentina Draw No Bet odds: (1-(1/3.40) * 5.00 = 3.53

Draw No Bet Alternatives

In case you can’t find a Draw No Bet option, there are several similar betting markets available. The most similar alternative is betting on double chance. It is basically the same bet except for that fact, that you will not receive your funds back in case of a draw. Instead, you will still win your bet. However, the odds for this betting market are usually lower than for Draw No Bet.

Alternatively, you can also go for the Asian handicap betting market. Simply pick the handicap 0 option and if the game ends in a draw, the bookie will refund your stake. However, the Asian handicap betting market is fairly rare and only a few bookmakers such as SBOBet or 18bet are offering it frequently.