Draw No Bet Explained

If as a new punter you have ever asked yourself “what is a draw no bet?”, in this guide you will find the draw no bet explained in full so you might better understand how it could benefit you in the gambling world. We will be taking you through what the pros and cons of a draw no bet are and what to look out for to try and make your wagering as successful as possible. So let’s dive right into the draw no bet guide.

What is a Draw No Bet?

In a three-way market, your usual options for wagering on a football match would be either a home win, draw or away win. This can be risky as should you predict a win and the match is a draw or a loss, your stake is lost. The draw no bet option is all about risk management and mitigating your wagering losses. The premise of a draw no bet, is that it essentially removes the “draw” option from the three-way market. You can then either bet on a home win or an away win and should the match end in a draw, you will receive your initial wager back without any losses. Of course, if the team you bet on loses then you will lose your initial wager on the bet.

More experienced punters will use the draw no bet strategy to not only reduce their risk on a wager but also to make knowledgeable decisions based on the fixture itself. For example, if a punter wants to take an outside shot at the underdog in a fixture they are then covered by the possibility of a draw. Of course they could still lose but it makes for a far less risky bet where betting on the underdog would otherwise always be risky in a standard three-market bet. If you bet on the favourite but believe there is a small chance that the fixture could end in a draw, you are protecting your wager with the draw no bet. As such, one can see how this betting strategy is effective in mitigating your losses and reducing your risk as a punter and we thus have a draw no bet explained in a little more detail. Let’s take a look at a basic example of how a draw no bet would work in a Premier League fixture.

Draw No Bet Example

In answering the question “what is a draw no bet?”we need to take a look at an example of such a betting strategy. For the sake of the example we will be using decimal odds to show you how the draw no bet strategy works. In a Premier League fixture of Manchester City vs Wolverhampton Wanderers the odds would naturally favour Manchester City to win. If the odds were 2.0 on City to win and 5.0 on Wolves to win and you decided to bet £100 on City to win. Should City have drawn the fixture in a standard three-market bet, you would have lost your entire wager on the bet. In a draw no bet, the odds would be lower, perhaps Wolves at 3.2 and City at 1.2. Despite the odds being worse, you would be covered if the match was a draw and would have received your initial bet back in full. If City won the game you would win £120. The beauty of this betting strategy is that it is easy to understand and easy to put into practice. This example aids us in having the draw no bet explained in detail and how you can make this betting strategy work for you.

Tips On How to Use the Draw No Bet Strategy Effectively

There are a few things you could keep in mind when utilising the draw no bet strategy. Firstly, when it comes to picking the team you want to wager on, don’t be afraid to bet on the underdog. You should always exercise caution when placing any bet, especially when betting on an underdog in any sport. However, in the draw no bet strategy you won’t find many better opportunities to bet on the underdog with far less risk than you would otherwise see in a three-market bet. You could place a sensible wager on a team who are the underdogs and still come away from the bet with your initial stake intact should they at least draw the match.

Secondly, it is always a boost to your betting chances if you already know about the sport you are choosing to bet on whether that be rugby, football or basketball. The better your foundational knowledge of a particular sport, the more likely you are to win your wagers. If you are an avid football fan, try to stick with it at least in the initial part of your betting journey before you expand into different sports and bets.

Pros of the Draw No Bet Strategy

There is only really one substantial pro when it comes to the draw no bet strategy but it is significant nonetheless. The big pull factor for this betting strategy is undoubtedly its ability to greatly reduce the risk of you losing your wager on the bet. The draw no bet removes the option of the draw that would otherwise be prominent in a three-market bet because of this your chances of at the very least recouping your initial wager is much higher. As such, it is the safety in knowing that you can still profit from decent sized winnings while maintaining substantially low risk that makes this betting strategy a big draw for new and experienced punter alike.

Cons of the Draw No Bet Strategy

There is one notable flaw with the draw no bet that we would be remiss not to mention. The major downside to the draw no bet is the fact that your odds are not nearly as good as on a standard three-market bet. This is naturally due to the fact that you have the safety net of the draw should the team that you bet on fail to win but at least snatch a draw. If you are a new punter the draw no bet is a good way to get a feel for the betting experience but if you are a slightly more experienced punter you may wish to move onto the better odds available in other betting strategies.

What Other Betting Guides and Strategies are Available?

With the draw no bet explained and the question of “what is a draw no bet?” answered we would advise you to take a look at some of our other guides and betting strategies that you may find useful in brushing up on your overall betting knowledge. For example, should you wish to know more about different bet types such as an over under bet or what a multiple bet is then these guides are perfect for you.

Furthermore, have a look at our guides for free bets and lay betting so that you might find new and innovative ways to improve your betting experience and hopefully with it, your profits. Lastly, you may wish to understand how a classic handicap can work in your favour and what to look out for when using this type of betting strategy.

Conclusion

With a draw no bet explained you will now be able to use this type of betting strategy with more confidence going forward. Furthermore, the draw no bet is a great way to come to grips with safe wagering if you are in the early stages of your betting adventure.

In a way, it teaches a new punter how to make smarter more cautious decisions that can still lead to quality profits. At the same time, it can give you the opportunity to wager on an underdog without quite the same fear of losing that you might otherwise have with a three-market bet.

While the odds are not always very good for this line of betting in comparison to standard betting strategies, with the right bets you can still make yourself a very decent profit should you come out on top of your wager. As such, we would recommend this betting strategy, in particular to newer more cautious punters who want to dip their toes into the proverbial betting pool without taking too many losses.

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