What does draw no bet mean?
Last updated & tested: 2019-11-10
So let’s have a look at what does draw no bet mean, as well as how you can use this draw no bet strategy to a variety of different sporting options.
OUR TIP: Three reasons for Novibet!
- Claim exclusive welcome bonus with bonus code OPENODDS
- Fantastic range of odds and markets for nearly every sport
- Perfect companion for the sports bettor on the go
Draw no bet explained in simple terms
So what do people mean when they talk about draw no bet? Basically a draw no bet meaning can be described as taking the draw option out of a traditional three-way wager.
If it was a Champions League football derby, then you would usually see markets for win, lose and draw. But by removing the draw bet option, it lowers the odds on you getting a winning result. Also known as the Asian handicap method, it gives us a much more exciting way to bet.
This is especially so, as over 25% of games in the last five Premier League seasons ended in a draw. So it’s clear that having the strategy of draw no bet explained is going to be a great way to boosting your wagering profits, and this wager can sit alongside Goliath bets and four fold bets as a fun way to widen your betting choice.
The draw no bet meaning for different sports markets
As we have clarified that draw no bets removes the draw option from the betting on a particular sporting event, it’s worthwhile thinking about the sports that this can be applied to.
There’s obviously no point in having draw no bet explained for people who are only concerned with Aintree horse racing, as it’s only the sports that deliver plenty of draws that you can apply this betting strategy to.
Whilst you’re never going to see this tactic used for horse racing or tennis, it’s a great option to try if you’re looking to improve your chances on sports like football that frequently end with a draw.
Even Test match cricket can also give us a good reason to use the draw no bet option. But as a rule of thumb, it’s best to avoid high scoring sports like American football and basketball where removing the draw option won’t significantly boost your betting prospects.
So whilst events like Formula One motor races, or even a 100-metre sprints are never going to give us a chance to use this betting option, it’s worthwhile having the draw bet explained a little better for anybody who is keen to use our betting guide for sports like football and cricket.
The best no draw bet bookmakers
What does draw no bet mean for football betting?
Let’s take an example of a football match where we can use the draw no bet wagering option. If two high-flying Premier League clubs like Manchester United and Tottenham were due to meet, then you would expect to see a draw result being given strong odds by the bookmakers.
But by removing the draw option, the odds for either a win or losing result would be lowered, and it’s these lower odds that have made the draw no bet option such an attractive for risk-averse punters.
This is especially so if you were looking to use this option in a draw no bet accumulator where the lower odds give you a much better chance of gaining a winning result.
However, it’s worth mentioning that a draw no bet acca can often be tricky to see what your eventual profits might be. So be sure to use a draw no bet calculator to make sure that your winnings are going to be worthwhile!
And whilst the majority of bookmakers will have a draw no bet option, even if there isn’t this market on offer, you can easily create your own draw no bet odds merely through using 1×2 odds.
This factors in the away bet and the home bet, meaning that you’ll need to shop around for the best odds to give yourself the maximum profits on your self-made draw no bet wager. And with round robin bets and up and down bets boosting your wagering strategies, it shows that we have plenty of options for making a football bet.
Interesting alternatives to the draw no bet option
We have shown that draw no bets are great for lowering your odds on sports like football and even cricket. But just because this betting method isn’t suited for other activities like tennis and horse racing, that doesn’t mean there aren’t plenty of other smart wagering options out there.
As well as the traditional single bet, horse racing fans are able to enjoy a wealth of different betting options. These include each-way bets that bet on a horse to win or be placed that can vary according to the amount of runners. And don’t forget about the accumulator options that use multiple selections to really boost your winnings.
Whilst most tennis fans will probably bet on the eventual winner of a match or tournament, it’s also worthwhile remembering that you can also take a lay bet. This means that you bet against a potential favourite by using bets from different bookmakers to potentially give you a much stronger odds of getting a winning result.
So, even if you can’t use the draw no bet option for your favourite sport, there are always plenty of alternatives for giving you a better chance of making a profit.
Finding decent operators for your draw no bet
So as this betting option gives you lower odds, what does draw no bet mean for bookmakers? Thankfully, the majority of sportsbooks will include the draw no bet option for most football matches so that you can minimise risk on those games that look like they will be very closely fought.
But as always, it pays to shop around to see which bookmakers offer you the strongest odds on draw no bet options. By using a betting comparison website OpenOdds, you should be able to quickly see which sportsbooks can give you the most competitive draw no bet odds.
This is especially important as we’ve already stated that you can create your own draw no bet odds by using winning or losing odds from different bookmakers. So don’t always rush into place on the first draw no bet option you see, as there are always ways to find lower odds for a less risky wagering strategy.
Basically, it’s easy to see the option of draw no bet explained as one that gives the punter a better chance of getting some decent winnings on a close match. So you’re going to have to work a little harder looking for the best odds so that you can make the betting worth your while.
Which bookies offer you the best draw no bet options?
If there’s a football or cricket match that’s looking like it has the strong possibility of ending in a draw, you’ll need to find a bookie who offers you decent odds on a draw no bet. Here are some great options to choose from.
William Hill: Dependable and reliable bookmaker
Every betting guide will mention William Hill at some point, as this is one of the UK’s best known bookmakers. And because of this, you can be fairly sure that William Hill will be looking to safeguard their great reputation by offering you some respectable odds on draw no bet options.
Whilst they might not be as competitive as some of the newer sportsbooks out there, it’s nice to wager with a company who have earned a strong reputation for offering punters fair odds.
So if in doubt with your draw no bet wagering, be sure to check into William Hill to see what they are offering you on this dependable betting strategy.
Coral: Another great UK bookmaker
Anybody living in the UK will recognise Coral’s betting shops, and the company has enjoyed great success in adapting their betting markets to the online domain.
So be sure to check in to their football and cricket live wagering options to see how they are offering good odds on draw no bets for a range of big sporting events.
Coral have made the draw no bet feature a central part of their football markets, so all that you have to do is to click the ‘draw no bet’ tab in the menu to quickly get the low-down on their odds for this wagering option.
Bwin: A good contender
We should also mention how Bwin represent a good alternative for anybody who’s looking to place a draw no bet wager.
This company have managed to showcase a wide-ranging selection of sports betting markets so that you can wager on draw no bet options on events all over the world.
So that whether you want to place a draw no bet on an upcoming Ashes test match, or even remove the draw option from an Italian football match in the Serie A, you should be able to find all that you need by signing up to this increasingly popular bookie.
Final thoughts on draw no bet
Hopefully we have answered all of your questions about what does draw no bet mean, and you can now use this information to maximise your profits on your next football or cricket wager.
This is a strategy that not only makes betting a lot more fun, but it also decreases the risk of a losing bet through eliminating the draw option.
So if you’re looking for a great way to lower your odds on a sport like football, then consider how draw no bet options can seriously boost your winnings.