Draw no bet has become a popular betting option, but what does it mean?
What does “Draw No Bet” mean?
Draw No Bet means that if the team you have bet on draw the game, then you will get your money back. If they win the match, you will win your bet.
It is a form of insurance in case you think that a team may draw the game but probably won’t lose it.
The odds will be considerably lower than if you had just bet on the team to win, but that is the downside to having the draw covered.
Best Bookmaker for Draw No Bet
We recommend the Betfair exchange for betting on draw no bet as it is the most liquid and covers the greatest number of matches, although Smarkets is catching up in terms of liquidity and is worth checking when placing your bets, particularly on the bigger leagues as they offer lower commission rates than Betfair.
Liverpool are playing Arsenal in the Premier League at Anfield. Arsenal are top of the table and going for the title whilst Liverpool are in mid-table and are struggling to find their feet with a spate of injuries.
Arsenal’s odds to win the game are 2.58 (or slightly less than 13/8 in fractional odds).
But if you back them at Draw No Bet, their odds are 1.9.
Here is what would happen if you bet £100 on Arsenal “Draw No Bet” at odds of 1.86.
- Arsenal win: +90
- Arsenal draw: £0 (money back)
- Arsenal lose: -£100
1. Manually create a draw no bet
You can manually place draw no bet wagers yourself if your bookie is not offering it for some reason. Or perhaps you want to see if there is better value using the match odds on the exchanges rather than using the bookies.
You can do this by betting a certain amount on the win and then enough on the draw so that you get your money back if it finishes in a draw.
To work out how much to wager on each part, you divide your stake by the odds of the draw. Here is an example taking the above match between Arsenal and Liverpool again.
The draw is priced at 3.5.
- Take your stake of 100
- Divide it by the odds of the draw (3.5)
- That gives you £28.57
- Place £28.57 on the draw
- Place the remainder of your stake (£71.43) on Arsenal to win
- You will now have manually created a “Draw No Bet” selection
2. Or alternatively you can use the Asian Handicap option of 0 – e.g. back “Arsenal 0” in the Asian Handicap market at 1.9. This achieves the same thing as the “draw no bet”.
Draw no bet provides a safer option of betting on football matches where you think there is a reasonable chance of a draw. It can be particularly useful in low-scoring leagues like Greece and France where there are lots of draws.