Draw no bet seems to be one of the most commonly preferred bets in the sports betting market. If you have not heard about this before, you need to know what this is and how you can use it while betting. Some gamblers think it is wise to place a draw-no bet. Some others think that it is not wise enough. This kind of bet has its own merits and demerits. Draw no bet changes the whole market in the game. Let us see what all they are. In this article, we will see more about draw no bet.
What is Draw No Bet?
To explain it simply, ‘draw no bet’ is a bet among the sports bet, which does not value ‘draw’. The three outcomes of a sports event, typically, is team A or B winning, or draw. In draw no bet, there is no draw. The outcome of the match may be a draw but it will not be considered in the betting.
Draw no bet has been receiving more popularity these days. The added influx of bettors into the sportsbooks betting can be one of the reasons for that. Draw no bet, in a way, supports the bettors, by increasing their odds of winning, by reducing the total possible outcomes of the game.
To put it more simply, draw no bet entirely changes the three-way betting market and transforms it into a two-way betting market. This means that there are only two ways of winning the game. You will have to either bet on Team A winning the match against Team B or, you will have to bet that Team B will against Team A. There is no chance to bet on the match ending in a tie, where neither team gets to be the winner.
Imagine the following hypothetical scenarios:
- You bet on Team A winning and Team A won – You win the bet
- You bet on Team A winning and Team A lost – You lose the bet
Likewise,
- You bet on Team B winning and Team B won – You win the bet
- You bet on Team B winning and Team B lost – You lose the bet
Therefore, what happens, if neither team wins? It is already established that there is no draw bet in the betting. However, you can not ask either of the teams to win at any cost, right?
Thus, if the match ends in a tie, there will be no bet, and you will receive back the money that you placed on the bet, predicting the win of any one of the teams.
Why should you place a draw on a bet?
There are many perks for placing a draw no bet. You get a chance to save your wagers when you favor a draw no bet. Most of the games have a high chance of ending up in a draw. In such cases, you do not have to worry about losing your bets. This decreased risk of the draw no bets, is one of the reasons why most people choose it.
If you are someone who prefers to play safe and not face many losses, then this is one of the most suitable bets for you. You can place the bet on either of the two conditions. If your team wins you get the winning amount. If your team loses you lose the whole bet. However, if the match ends in a draw. Which have sound 25-30% possibilities of taking place, then you will get abc the money that you wagered. There is no winning and no winner’s amount, however, you do not lose anything, as well.
Why do some people not really like draw no bets?
Aside from all the reduced risk that it provides, some bettors have expressed their dislike for this bet. They consider that this kind of betting takes the fun and thrill out of the game. Some said that it makes betting less exciting and interesting. They do not prefer to get back their stakes if the real match ends in a draw.
Also, it means that there are fewer odds of winning. When the bookmaker takes out a draw from the allowed betting conditions of the match, then there is less of you winning the game. You will get back the amount that you placed on the wager, however, it will not be equivalent to the winning amount. Also, it will bar you from getting the winning feeling.
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