Draw No Bet is a popular alternative to 1X2 betting in soccer. If you make a Draw No Bet wager, you are betting that your selection will not lose.
There are only two selections in Draw No Bet wager: back the home team or the away team.
People like to use Draw No Bet for mainly two reasons:
- To back the underdog with the draw as an insurance policy;
- Increase the chance of not losing the bet.
Here’s how it works.
How Does Draw No Bet Work
From in a standard 1X2 bet, if you back the home team and they win, then your bet wins. However, if they draw with their opponents, your bet loses.
Compare this to the Draw No Bet. If you back the home team and they win, your bet wins. If they draw with their opponents, your bet pushes and you receive your original stake back.
The likelihood of winning this bet increases compared to standard 1X2 betting, although the odds are far less attractive.
Note that if the team you back with a Draw No Bet wager loses, your bet also loses.
Let’s go through an example.
Here are the 1X2 odds for a Premier League match between Chelsea and Brighton:
This indicated that Chelsea are the favorites and Brighton are the underdogs. Let’s say you bet on Chelsea with a unit size of $100. You would must wager $350 on Chelsea to win $100.
Should they win, you receive a total payout of $450. However, if they draw, your total payout is $0.
Let’s compare this to the Draw No Bet odds:
As you can see, the odds have changed dramatically. You must now wager $2,000 to win $100 when backing Chelsea.
Should they win, you receive a total payout of $2,100. However, if they draw your total payout is $2,000 ie your original stake.
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Create Your Own Draw No Bet
The majority of bookmakers offer Draw No Bet on soccer but in case yours does not, here is how you can create your own.
Let’s use the Chelsea and Brighton match again and imagine we didn’t have access to Draw No Bet.
The first step is to convert the 1X2 odds into Draw No Bet odds.
Here is the formula you need:
Draw No Bet Odds = (1 – (1 / 1X2 Draw Odds)) * 1X2 Win Odds
Convert your odds into the Decimal Odds format to make the calculation easier.
So, if you were backing Chelsea, your Draw No Bet odds would look like this:
Chelsea Draw No Bet Odds = (1 – (1 / 5.750)) * 1.286 = 1.062
The next step is to calculate how much to bet on the draw.
Here is the formula:
Bet On Draw = Total Bet / Draw Odds
So, if you were backing Chelsea, your bet would look like this:
Bet On Draw = $350 / 5.75 = $60.87.
This means that out of your $350 bet, $289.13 should go on Chelsea and $60.87 should go on the draw.
Alternatives To Draw No Bet
While in theory calculating your own Draw No Bet odds and how to much to wager is a great idea, in practice, you may not have the time.
In this event, there are alternatives to Draw No Bet that may be just as effective.
For example, there is the Double Chance bet. This involves betting on two selections in one:
- Backing the home team or the draw;
- Backing the away team or the draw;
- Backing the home team or the away team.
Here are the Double Chance odds for the same Chelsea and Brighton game:
You could also use spread betting in the form of the Asian Handicap. With this bet, if the game ends in a draw, the bet pushes and you receive back your original stake without a profit.
However, because you have the ability to create your own Draw No Bet market, there is often more value to be found than compared to the Asian Handicap – if you’re looking to use this in your strategy.
Draw No Bet is a wager on the home/away team with the draw being an insurance in case they don’t win.
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