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How Does Draw No Bet Work? – Betting Strategy

Draw No Bet is a common type of wager in football, cricket, boxing, American football, and even chess. Overall, it makes sports betting much more straightforward. Usually, there are three possible outcomes in a match: a home win, an away win, or a draw. However, with Draw No Bet, you will be refunded your stake if there is a draw. Hence, this improves your chances of success.

 

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In our guide, we will discuss the benefits and drawbacks of this type of betting, as well as strategies for creating a triumphant Draw No Bet wager.

What Does Draw No Bet Mean?

As we mentioned above, there are three possible outcomes of a match:

  • A home win (e.g. 1-0)
  • An away win (e.g. 0-1)
  • A draw (e.g. 0-0)

When you are betting on the match winner market, you will lose the wager in the case of a draw. On the other hand, with Draw No Bet, you will simply be refunded your stake. This means that you eliminate the ‘draw’ outcome, as if it doesn’t exist. Whilst you will not make a profit in the event of a draw, you will not incur a loss either.

Example Of Draw No Bet Wagers

Let’s say you are betting on the Premier League Football, and are interested in the outright winner market. The match is between Manchester United and Liverpool. You bet on Manchester United to win.

There are three outcomes:

  • Manchester United win the match 2-1. As the team you bet on won, your wager is successful and you make a profit.
  • Liverpool wins the match 1-0. As the team you bet on lost, your wager is successful and you suffer a loss.
  • The match ends in a draw 1-1. Although the team you bet on didn’t win, they didn’t lose either. You will be refunded your stake.

Hence, many punters choose to Draw No Bet, because it carries less risk than a regular wager.

The general template for this is:

 Team X WinTeam Y WinDraw
Bet on Team X to WinWager SuccessfulWager UnsuccessfulStake refunded
Bet On Team Y to WinWager UnsuccessfulWager SuccessfulStake refunded

How Do You Place a Draw No Bet Wager?

  • Log into your existing bookmaker account or register with a new betting site
  • Find the sport and event you wish to bet on
  • In the betting markets tab, search for ‘Draw No Bet’
  • Ensure your betting site account is funded or deposit cash into your wallet
  • After checking the details submit the wager
  • Wait for the results of your bet!

If you win the wager, you should be able to withdraw the funds between 3-5 business days. Alternatively, if there is a draw, your stake will be fully refunded in this time.

What Are The Advantages And Disadvantages Of Draw No Bet?

As with any betting market, it is important to evaluate the benefits and drawbacks of Draw No Bet. They are summarised below:

Pros Of Draw No Bet

So, what are the advantages of Draw No Bet?

  • Lower Chance Of Loss

The biggest advantage of a Draw No Bet wager is that you are less likely to lose money. This gives you more security; the betting market can act as insurance.

In a regular bet, you will lose money in two situations: there is a draw, or the team you bet on to win loses the match. However, in Draw No Bet, you will only lose money in one situation: if the team you bet on to win loses.

Because of the draw stake returns, you can gain experience in betting with a safety net.

  • Ideal For New Punters

The Draw No Bet market is much easier to master than the outright winner market. This makes it perfect for novice punters that lack the experience of avid bettors, and are understandably more nervous about wagering. What better what to gain knowledge than with a more secure betting market?

If you are a new Irish punter, you should first try a Draw No Bet wager. No matter the outcome, you will learn more about the betting experience, with less risk of loss.

  • Less Outcomes

In a Draw No Bet wager, there are less outcomes than a regular match winner bet, because the draw outcome is eliminated. You will either predict that the home team will win, or the away team will win. On the chance there is a draw, your stake will simply be refunded back to you in full.

However, normal wagering is a three-way market. There are more outcomes, because you will lose in the case of a draw. As a result, it is riskier.

Cons Of Draw No Bet

Like any other betting market, there are some cons to consider with Draw No Bet wagers.

  • Lower Odds Than Usual

The chief disadvantage of Draw No Bet is that you will usually find lower odds than regular wagers. This is because betting sites know they carry less risk, and it is therefore less profitable for them to offer higher odds.

Whilst this is considered a disadvantage, we must weigh this against the benefits of Draw No Bet. Having lower odds but less risk is more beneficial than a high odds high risk bet. This is because there is more likely to be profit, even if it is marginal.

  • Still Not Guaranteed A Win

Unfortunately, just like any other wager, you will never be guaranteed a win in sports betting. There is no surefire way to correctly predict the outcome of a match.

On the other hand, there are a few strategies that you can implement which will improve your chances of a successful wager. Read on below to discover what these helpful tips are.

Strategies For Draw No Bet

Lastly, it is worthwhile to consider a few handy strategies to use in combination with Draw No Bet.

Research Past Performances  As with any type of betting market, it is vital to research past performances when betting on Draw No Bet. No matter which sport you are wagering on, having an idea on their previous wins and losses will give you valuable insight. In addition, you can gather the strengths and weaknesses of each team, making it easier to decide who you think will ultimately win. Some key elements to research include: The player line-up is often found on betting sites as soon as it is official Previous scores when the teams last played against each other Any recent player injuries It is also worth noting that home teams usually win as they are in their own stadium.
Competitive Odds  As we previously mentioned, Draw No Bet already has lower odds than regular betting. This is because there is less risk associated with the wager, and therefore the betting sites offer lower odds in return. Subsequently, it is important to compare betting sites and research the values of the odds they publish. Finding the most competitive odds will result in you increasing your profit margin by spending no extra money!   Also take note that Draw No Bet odds will fluctuate. If they do so drastically, take this into account, as it may be because the predictions have changed. There may be a new injury, changed line-up, and so on.
Compare Betting Sites  Comparing betting sites is essential, as there is a plethora of football bookmakers that offer Draw No Bet wager. After all, it is an extremely popular betting market. Some important criteria to consider include: Promotions such as a generous welcome bonus and free betsA user-friendly and seamless website design A variety of sports available with the Draw No Bet market (not all sports end in a draw so this market isn’t available for all events)A mobile app which allows you to bet remotely 24/7, prompt, and friendly customer services
Accumulator Betting  It is possible to make an accumulator bet with the Draw No Bet market. In fact, this is encouraged. An accumulator bet is where you create one big wager with many individual bets. Each of your bets must be successful in order for you to get the payout. Often, punters are advised to bet on low odds in an accumulator bet, because there is more chance of it being successful. As Draw No Bet is already low odds, this is perfect for accumulator betting. If you either win or draw, the wager will still be successful!