Everything you need to know about the ‘Draw No Bet’ market that is often popular in soccer and other team sports.
Soccer, or football to Europeans, is one of the most-followed sports in the world. The biggest soccer leagues – English Premier League, La Liga, Serie A, Bundesliga – attract viewers and supporters from around the globe.
Another heavily-wagered soccer betting market is ‘Draw No Bet’. We’re here to explain what ‘Draw No Bet’ means in the sports betting world and guide you on how to place your own wager of this type.
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What Does Draw No Bet Mean?
‘Draw No Bet’ means you are betting on a team to win, but if the match ends in a draw then the bet will be void and you will be refunded.
Depending on the jargon used, some sportsbooks may refer to this as the ‘Tie No Bet’ market. ‘Tie No Bet’ and ‘Draw No Bet’ are the same market.
The benefit of Draw No Bet is that you are giving yourself more control over your wager. It provides a safety net to your bet, as you do not lose if your chosen team draws the match.
Although, this comes at a small cost. The odds are expectedly lower than normal moneyline odds due to the safety net you have given yourself.
Draw No Bet is most popular in soccer betting. However, you will see this market pop up when browsing lines of other team sports too.
What Does Draw No Bet Mean in Soccer Betting?
Let’s take a look at a soccer example to make things clearer.
Man City play Inter Milan in the Champions League Final. Here are the moneyline odds at FanDuel:
- Man City to win (-240)
- Inter Milan to win (+600)
- Draw (+380)
Now, here are the Draw No Bet odds for the same game:
- Man City (-700)
- Inter Milan (+500)
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What Do the Odds Show Us?
Man City’s odds go from (-240) to (-700) when adding the Draw No Bet ‘safety net’.
That means a $100 wager on Man City moneyline would win you $41.67 profit. A $100 wager on Man City Draw No Bet would win just $14.29. However, you would be refunded $100 if Man City end up drawing the game.
A $100 wager on Inter Milan moneyline would return $600 profit. The same wager on Inter Milan Draw No Bet would win $500 profit, or a you’ll get a $100 refund if the match is a tie. It’s definitely an option to consider when betting on the underdog.
What Other Sports Offer Draw No Bet?
This betting market is definitely most common in soccer. However, you will probably find it for selected games in the following sports:
- American Football
- Ice Hockey
- Australian Rules
How to Place A Draw No Bet Wager
As you can see in our Champions League example, this option is available under ‘Popular’ bets.
All you need to do is click on the odds of your selection and it will be added to your betslip. Then, decide on your wager amount and click ‘Place Bet’ to lock it in.
Our Top Tips for Draw No Bet
Here are our three main pieces of advice when choosing to bet on this market.
1. Don’t Bet on a Strong Favorite
It’s definitely not worth it. Take our example above – Man City at (-700) means that you will earn very little profit. After all, Inter Milan could very possibly show up on the day and win the game, meaning you lose your whole stake.
2. Look Beyond the League Table
Often, the league position of teams does not tell the full story.
Let’s say Man City in 1st place are playing Chelsea in 8th place. That’s a considerable gap in the table.
However, if you take a look at Chelsea’s points and how they have earned them, this might tell a different story. They may have fewer wins than teams around them in the table. However, this might be balanced out by considerably more draws.
In an instance like this, it is worth looking at the underdog’s form. If they have accrued many draws recently then Draw No Bet will be a great option.
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3. Find High-Scoring Underdogs
Yes, underdogs are less likely to win the match. However, many underdogs have a squad imbalance between offense and defense.
A team may be terrible at defending, but great at attacking. Key players in offensive positions might mean consistent losses of 4-3, 4-3, 3-2 etc.
It’s definitely worth placing this wager in soccer betting on this type of team. There is always a chance that their defensive players could have a good day and their offensive talents shine through. A draw, or maybe even a win, is then on the cards.
Draw No Bet FAQ
Do draw no bet wagers include extra time?
No, Draw No Bet wagers do not include extra time. If you bet on this, it will be settled as the match result in 90 minutes. Extra time and penalties are irrelevant in this instance.
Can you cash out draw no bet wagers?
Yes, most online sportsbooks will offer a cash out. However, cash out values will be lower than cash outs on standard moneylines.
Are draw no bet wagers good bets?
The core benefit of this betting type is the safety net of receiving your money back if the match results in a draw. That’s why draw No Bet is a good wager option.
What is the difference between draw no bet and double chance?
Draw No Bet means you will get your stake back if the match ends in a draw. Double chance means that your bet wins if your team wins or draws.