Most of us are familiar with money line bets. On the money line, where you have to choose the winner of the game, there is usually one outcome for him with positive odds and another outcome with negative odds, representing the favorite and underdog.
Money lines are often seen in sports that don't usually result in a tie, such as American football and basketball. Paying after the game is easy. The winner gets back their stake and winnings, and the loser walks away with nothing.
But what happens in sports where draws occur more often? For example…soccer?
This is where the draw no bet market comes into play. If you want to bet on soccer or any other sport where draws are common, learn more about what a draw no bet means. We define draw no bet markets, provide examples, and also discuss some other unconventional types of betting lines.
Draw no bet details
What is a draw no bet?
A “draw no bet” is a money line bet with no action if the match ends in a draw. Regardless of which team you take, bettors will get their money back if there is a draw. This safety net means that in a draw no bet market, he will get a slightly lower payout than if he simply bet on the 3-way money line.
No other sport ends in a draw more often than soccer, so soccer is where you'll most often see draw no bet odds. In some cases, you can find these odds in other sports that rarely end in a draw, such as boxing or American football, or in sports such as basketball, where there is always a winner.
Even if there are no or very few draws in the league, you can still place draw no bet bets that are settled based on the score at the end of regulation.
Draw No Bet Market vs. 3-Way Moneyline
Draw no bet markets allow you to bet on whether Team A or Team B will win. If the game ends in a draw, a push occurs (i.e. all bettors get their initial bets back).
If you participate in a 3-way moneyline, you can bet on whether Team A or Team B will win, or whether the game will end in a draw. If you expect either team to win, the risk of your bet is higher because you can bet on a draw occurring, as you no longer have the safety net that a draw will occur. If a draw occurs on a 3-way moneyline, only those who bet that a draw will occur will take home their bets (and, of course, their winnings).
The draw no bet option is ideal for bettors who are somewhat risk-averse, as the stake is refunded in the event of a draw, so the risk is low.
When and how to use draw no bets
Draw no bets are ideal to use if you have strong feelings about your team but believe the match will be close. For example, it may be perfectly true that Liverpool are the better team by about a one-goal difference, but a fluke attack or goalkeeping mistake could lead to a draw. If so, you'll be happy to have chosen worse odds and placed a draw no bet bet to protect yourself from this kind of randomness.
Find an online sportsbook that supports this betting market and make a draw no bet. Do your research, especially if the sport you want a draw no bet on doesn't often end in draws.
draw no bet odds market
As with any other type of betting, check out as many online sportsbooks as possible when playing DNB Markets. You never know if a competitor will offer your team better odds than the numbers you've already seen.
This type of bet eliminates the possibility of losing in the event of a draw, thus reducing variance. The upside is not as high as money line betting, but the risk is lower.
However, the payout is better than something like a double chance bet where you win if the team wins or a draw occurs. Instead of one successful, one unsuccessful, and one neutral outcome, a double chance bet has two successful outcomes, so the risk is even lower and the payout is also lower. decreases proportionately.
In which sports markets can you use draw no bets?
Soccer is the most common market to feature draw no bets, but this option is also available when:
- boxing
- American Football
- basketball
- racing
- cricket
Let me explain some examples of draw no bet odds.
soccer draw no bet market
If Liverpool are playing against Manchester City, you might want to root for them. If Liverpool win, you will receive a payout, but you won't lose any money if the two rivals draw.
A traditional three-way moneyline for Liverpool could be around +150, and a draw no bet would be around +100. With a draw no bet, the payout is not as high, but the risk is lower as your bet is refunded if the teams draw. If Liverpool win, you win too. If Manchester City wins, they lose just like a regular moneyline.
hockey draw no bet market
In hockey, playing a draw no bet is less common as it is not a true 3-way market. However, in some cases it can be a betting option. These games often end in overtime, so you can place draw no bets based on the outcome at the end of regulation.
For example, if you place a tie no bet bet on New Jersey Devils vs. New York Rangers, you win if the Devils win within 60 minutes, and you lose if the Rangers win within that time frame. If the game is tied at the end of regulation and goes into overtime, all stakes will be refunded.
american football draw no bet market
Finally, let's look at American football. In fact, matches can sometimes end in a draw, but the probability is much lower than in soccer. Not many bettors would consider betting on he DNB on NFL games because the odds are very similar if not identical to the moneyline odds.
How DNB actions are calculated
Here are some tips for calculating draw no bet action:
Draw no bet betting in sports betting
Calculating draw no bet odds is one of the most interesting processes in online gambling because it is the only process that does not use intuitive direct probabilities. Moneyline bets are based on the probability of a team winning adjusted by the vig, while double chance bets take into account the likelihood of his two outcomes.
Draw no bet odds, on the other hand, necessarily remove one outcome.
The chance of each team winning is a large part of the draw no bet odds, but they are not the same as you have to account for the reduction in risk by removing the draw option. The general formula to do this for a particular team (let's call it Team A) is:
(1-(1/draw odds)) x team A's winning odds
Note that these calculations are easiest to perform using decimal odds rather than American odds. For example, if the odds of a draw are 3.2 and Team A's odds are 4.7, the formula would be:
(1-(1/3.2))*4.7, resulting in a result of 3.23, making Team A's draw no-bet odds +223. To calculate draw no bet odds from 3-way bet odds, you need to be able to convert the American odds to his decimal odds and back. This can be easily done using several online converters.
It's simple and works exactly like Moneyline, as long as you calculate the payout by taking into account the existing DNB bet odds posted by the sports betting site. Negative odds mean you have to bet more than you need to in order to make a profit. For example, he bets $150 on the -150 line for a profit of $100. Plus odds mean the opposite, if you win, you will earn more than your bet, such as if you bet only $100 and the line is +200, he will win $200.
Common mistakes with draw no bets
Making this type of bet when the chances of a win at home or away are significantly higher than a draw can be a big mistake. For example, if there is only about a 5-10% chance of a draw, it may be better to play a double chance and accept slightly lower odds in exchange for a chance to win, rather than pushing in case of a draw. .
As always with any betting market choice, placing risky bets at long odds in the hope of making up for losses is rarely a wise decision and can lead you into an even deeper hole with betting sites. There is a gender.
Explanation of types of sports betting methods
Let's talk about some popular betting market types where you can bet on the outcome of an event.
draw no bet
As explained in this article, draw no bet bets trigger a win if the team wins, a loss if the team loses, a draw if the two teams tie, or in some cases a simple refund of the stake. It is something to do. over time.
betting exchange
Betting exchanges are a type of free market betting where you bet against other bettors rather than at a sportsbook. It's an interesting way to play because you can bet on events happening rather than happening.
For example, if Manchester City are third but have odds of +145 to win the Premier League, many sportsbooks may not simply bet that City won't win the league. Betting exchanges often allow such an approach.
handicap betting
This is also known as betting on the spread, and 'handicap' refers to the disadvantage placed on the better team. If you have a -1 line, the better team is “handicapped” by points, goals, or runs, so basically they lose the contest with his 1-0 on your bet. start.
This number is usually the same as, or very close to, the favored team's expected margin of victory, so whoever beats that prediction wins. If the game ends by exactly that margin, it's a push and no one wins. All bets will be refunded.
double chance
That's what double chances are all about. Considering two different outcomes, you have a chance of winning. Similar to draw no bet bets, these are most commonly seen when betting on soccer matches, often involving a three-way market.
In a match between Team A and Team B, there are three options to bet on Double Chance. Team A wins or draws, Team B wins or draws, and less commonly, Team A wins or Team B wins. These bets are often relatively easy to hit, so the payout is lower than moneyline or draw no bet bets. However, it's perfect for risk-averse players and novice bettors who want to get hands-on.
accumulator bet
Accumulator bets, also known as parlays, allow you to combine multiple bets for the chance of a higher payout. Of course, you also accept high risks. This betting strategy combines the odds of all individual bets to calculate the potential payout. If any of your legs are wrong, you lose your entire bet.
Away no bet
As the name suggests, these bets are similar to draw no bet markets, but the void is triggered if the away team wins. You can bet on either the home team winning or drawing, and if you choose neither, the result will be a loss.
Frequently asked questions about the meaning of draw no bet
For more information on what Draw No Bet means, please see the FAQ below.
How do players benefit from Draw, No Bet betting?
Players benefit from these bets as the risk is greatly reduced as they receive a refund of their stake in case of a tie.
Is the Draw No Bet Market only for new players?
Absolutely not! These bets are a great way to bet for new players as the risk is much lower than moneyline, but even experienced bettors can access these markets.
Is a draw not worth betting on?
As with any bet type, there is value in draw no bets. Odds must be reasonable and must be evaluated according to the circumstances.
What is the difference between a draw no bet and a double chance?
Both of these bet types have less risk than moneyline bets, but double chance bets allow you to win if two of the three outcomes of a three-way betting market occur. A draw no bet gives you a chance to win if only one of the outcomes comes true, but a draw is a void bet (still much better than losing).
What does a draw no bet mean in sports betting?
A draw no bet means that in the case of a draw, the bet was effectively not placed. It is void and your stake will be returned to you.
What type of bet is a draw or no bet?
Draw no bets are a unique type of bet that is most similar to money line and double chance, but with some important differences as explained in this article.
