One of the most striking things about online and mobile football betting these days is the sheer number and variety of different markets available. One common example is Draw No Bet.
Having so many ways to bet is a good thing. But often, the betting apps don’t explain exactly what these different markets mean, or how they work.
At Mobile Betting Site, we want to put that right. So today, I’ll cover Draw No bet in detail. You’ll learn exactly how it works, with a real life example, and we’ll also examine when you should (and shouldn’t) use it.
What Does Draw No Bet Mean In Football Betting?
Draw No Bet is a variation on the Match Odds market, but with the option of betting on the draw removed.
This leaves you with just two possible outcomes instead of the usual three. You can bet on the home win, or the away win. If neither wins and the match is drawn, you get your money back.
It really is as simple as that!
Draw No Bet Example
Let’s look a a quick example. The following screenshot shows a Draw No Bet market for a Champions League fixture at MyBookie.
This is a highly rated new betting site & app with a good selection of football betting markets. In this case I simply visited the site on my mobile browser, tapped on the fixture, and scrolled down to find Draw No Bet on the list of available markets for this match.
As you can see, there are two available selections to bet on. Team 1 is the team playing at home (in this case Atletico Madrid) and Team 2 is the team playing away (Chelsea). The odds are displayed in decimal format, although this can be changed.
To place this bet I would simply tap on my selection to add it to my betslip.
If I bet on Team 1, I would be paid out at just over even money if Atletico win the match. I would lose my stake if Chelsea won the match, and get my stake returned if the result was a draw.
When To Use Draw No Bet
Draw No Bet should be seen as an alternative to Double Chance. In both these markets, you’re covering two of three possible outcomes and you only lose if the third one happens.
The difference is that with Double Chance you make a profit on two outcomes, but with Draw No Bet you only make profit on one, and break even on the other. But the advantage is that when you get it right, the odds are better and you make more profit.
In the example above, I could have done my research on the match and made a decision on which team I thought would win.
If I had a strong opinion about the potential winner, I would probably use the match odds market. But if I wasn’t 100% sure, I might decide I wanted to cover more than one base, and protect myself just in case my team only managed a draw.
If so I would then decide whether I wanted more profit if my team won, but only break even on the draw, or whether I was happy with a smaller profit on either my team winning or the draw. That is something I could decide on a game by game basis, depending on how confident I was in my selection.
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Last Updated on August 6, 2023