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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.
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
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.
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.