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What does draw no bet mean?

Draw No Bet Explained - ©Shutterstock.com

A draw no bet is a type of insurance on an outcome, usually in a football match. So how does a Draw No Bet work? This is a popular little coverage wager to take on a game and the basic way that a draw no bet works is that if the match ends in a draw then you will have your initial stake refunded to you. If the selection wins then your bet gets settled in the positive.

Now the amount that you get paid out on successful wager isn’t going to be matching up to the kind of value that you would have gotten on the match outright.

For an actual example taken from a real Premier League match of Man City v Chelsea, Manchester City were priced at 11/10 to win the home fixture. If you had backed them in a draw one bet then that would have been taken at a price of 1/2.

So you can see the drop in odds because of the extra option insurance that you have on the selection. If you have placed a £10 stake on that Man City single at 11/10 then you would have collected an £11 return. If Manchester City had won the game under the 1/2 terms of the Draw No Bet then you would have picked up £5. Still not bad, but it means that your liability was bigger to start with, but then you would decide whether or not it was worth it for the insurance.

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Draw no bet explained

If Man City had drawn the match in your single your £10 stake would have disappeared. If they had drawn the match under the Draw No Bet terms then you would have had your money back in your account. So it is one of those occasions where you have to weigh and balance the risk and reward, pretty much as you have to do with any kind of bet. You always have to do that anyway.

A good example of this is a team going into a match which they should perhaps collect three points from. But they are going up against a side who can offer up some stubborn resistance and there is a chance that they won’t get the three points in the bag. Then for a sacrifice in some odds, you can take the insurance of getting your stake back if your selection was to only draw.

Well, it can be an overlooked and undervalued option for your football betting. The best way to utilise the draw no bet option on a game would need some odds assessment of course on a match. Remember that in a draw no bet wager you are spreading your stake over the win and the draw part of the wager. There is another aspect of how the draw no bet works because you find the same coverage sometimes at a slightly better price. How?

Asian Handicap alternative

Look for the Asian Handicap if your bookmaker (like Bet365) offers this. If you look at a 0.0 Asian Handicap selection on a team, this is the equivalent of a straight Draw no bet. In a recent Premier League match involving Liverpool, we found a Draw No Bet price of 1.72 on offer, but the 0.0 Asian Handicap was a 1.8 price.

So you get just better odds on exactly the same wager (stake returned if the draw happens). Even though the Asian Handicap market may look confusing to beginners, this is just a quick way to shop around at your bookmaker.

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