Draw No Bet Live
You’ve almost definitely seen the draw no bet mentioned if you’ve scrolled through the football coupons with any major online bookmaker but what exactly is it? How does it work? Whatever your questions, we’ve got you covered.
OPay is Nigeria’s newest ePayment platform that gives you the freedom to safely and securely top up your Betway account. You can make your next deposit from your OPay app or at your nearest OPay agent. UFC 256 results, highlights: Deiveson Figueiredo, Brandon Moreno fight to a draw in an instant classic Figueiredo retained his flyweight title as both men absorbed massive blows over the 25-minute. A draw no bet is a type of bet that is most commonly used in soccer. It works by removing the draw possibility from the betting odds so that you are only left with odds for either team winning the game. If the game does end in a draw then the draw no bet stake is refunded. Let’s take a closer look at the draw no bet by using an example and comparing the odds to the 1X2 betting. Draw No Bet markets remove one of those outcomes from the equation, to leave just the home win or the away win. If the game you are betting on finishes as a draw, then, as the name of the market implies, there is effectively no bet. Your stake will be refunded and you will be no worse off than when you started. Why not just bet on a straight win? Draw No Bet allows bettors to back either a Home Win or Away Win, thereby cushioning him in the event of a level-score. This article seeks to explain what a Draw No Bet is, how it works, and the benefits of.
What is a draw no bet?
Let’s not complicate something that doesn’t need to complicated. The draw no bet market means you are backing a team to win. If they win, you win. If they lose, you lose.
Then there is the other possible match outcome – the draw. If the match you’ve bet on ends in a tie then you neither win or lose and your stake is refunded in its entirety with no terms and no questions asked.
How are the odds impacted?
By effectively removing the draw as a potential match outcome you’ve taken away part of the bookies protection i.e. both you and the bookie have just one outcome that will settle the bet. As a result, odds will be reduced from a standard match result wager. It’s not all bad news though because your risk is also greatly reduced.
Let’s look at an example using odds on offer by William Hill for the Premier League opening weekend.
In a standard match result bet the West Ham vs Newcastle game offers the following:
West Ham win 23/20
Draw 5/2
Newcastle win 23/10
Now let’s say you fancy West Ham to win. A £10 stake would give you £11.50 of profit. The game, however, is quite finely balanced with Newcastle known to be a tough outfit to breakdown but one that offer little in an attacking sense – particularly when they’re away from home. It’s plausible that the match might end in a draw and thus you’d lose your bet.
In the draw no bet market, a draw means your £10 is only lost if Newcastle win. Backing West Ham in this market does mean your odds shorten from 23/20 to 8/15 meaning the potential profit drops from £11.50 to £5.33 but the likelihood of losing entirely is greatly reduced.
Can you combine multiple draw no bet?
If the reduced risk appeals but the reduced profit makes you less inclined to place a draw no bet wager then perhaps you’ll be pleased to know that you can combine multiple selections to form doubles, trebles or even accumulator bets. There are two ways this might be of interest. We’ll use the example of a double to explain them.
Draw No Bet Live Stream
Firstly, let’s say there are two games that you feel are close to call with the draw outcome posing a risk. Let’s use West Ham vs Newcastle and Tottenham vs Everton. A standard double where you’re backing both home teams to win i.e. a draw sees you lose, returns £29.42 profit off a £10 stake. Eliminate some risk though by moving into the draw no bet market on both games and you could see £10.91 profit.
The other scenario is where you have selections that have varying degrees of probability. We’ll stick with the West Ham Newcastle match as one that’s in the balance whilst Liverpool are a reasonably safe bet to beat Leeds at Anfield.
If you bet on Liverpool in the draw no bet market then those odds become heavily odds on and somewhat unattractive. Instead of leaving the bet well alone, you could wager on Liverpool to win in a standard match result scenario with the West Ham selection going through as a draw no bet. This way, you have the best of both worlds. If a draw occurs in the West Ham game, your stake won’t be returned but the bet will become a single bet on a Liverpool win.
Where you use the draw no bet approach in an accumulator scenario, any draw no bet selections that end in a draw just drop out of your accumulator i.e. an eight-fold with one draw no bet selection ending in a draw means your bet becomes a seven-fold, if it’s two then it becomes a six-fold and so-on.
There you have it, the draw no bet explained. Good luck and bet safe.
A draw no bet is a type of bet that is most commonly used in soccer. It works by removing the draw possibility from the betting odds so that you are only left with odds for either team winning the game. If the game does end in a draw then the draw no bet stake is refunded. Let’s take a closer look at the draw no bet by using an example and comparing the odds to the 1X2 betting odds.
Draw No Bet Example
Let’s look at a game from Major League Soccer in the United States. In this example Toronto FC is playing against the New England Revolution. The 1X2 odds are as follows:
New England Revolution 1.70
Draw 3.60
Toronto FC 5.00
In comparison the Draw No Bet odds are:
New England Revolution 1.28
Toronto FC 3.50
In this example placing a $100 bet on Toronto FC will win you $250 betting the Draw No Bet line and if the game ends in a tie your $100 bet is refunded. If New England wins however you will lose your stake.
Calculating the Draw No Bet Odds
Are you wondering how the bookie got from the 1X2 odds to the Draw No Bet odds? Let’s take a look.
Liverpool Draw No Bet
First they have to account for the possible draw, so they take your $100 wager and divide it by the odds of a draw (3.60). This results in $27.78 being subtracted from your initial bet to account for the possibility of a draw. The sportsbook does this because if the game does end in a draw then your $100 is refunded from that $27.78 basically being paid out at 3.60 odds (27.78 x 3.60 = $100).
Now the remainder of your wager will back whichever team you have chosen. In our example we chose to back Toronto FC, which means that the remaining $72.22 will be backing Toronto FC at odds of 5.00. This results in possible winnings of $361.10.
To find what the odds should be based on the 1X2 odds you can now divide the $361.10 by your $100 wager. This results in odds of 3.61, which is higher than the Draw No Bet odds shown in our example. In this circumstance it would be smarter to bet the $27.78 on the Draw at 3.60 and the remaining $72.22 on Toronto FC at 5.00. Doing this short calculation would result in an $11 higher payout if Toronto FC did win the game.
When Should I Use Draw No Bet
After doing the calculation that I have outlined above you will be able to quickly tell whether it is more favorable to place a Draw No Bet or to split up your funds (betting enough on a draw to get your total stake back, while betting the remainder on your chosen team).
Draw No Bet Live Streaming
**Just because the example I used above shows the Draw No Bet odds offering a lower payout than creating your own draw refund from the 1X2 odds doesn’t mean that this will always be the case. Do the simple calculations before placing your bets every time in order to make sure you get the best return on your investment.