Draw No Bet is a betting market that eliminates the possibility of a draw in a game. It allows you to bet on either Team A or Team B to win the match, but your stake is returned if the match ends in a draw. This reduces the risk of losing your bet but also lowers the potential payout.

How Does Draw No Bet Work

Draw No Bet is primarily associated with football (soccer) matches, although it can also be applied to other sports. In this market, the outcome of a draw results in the bet being void, and the stake is returned to the bettor.

Here is how it works:

• Winning bet: If the team you bet on wins the match, you win the bet and are paid the winnings.
• Losing bet: If the team you bet on loses the match, you lose the bet, and the bookmaker keeps your stake.
• Draw: The bet is void if the match ends in a draw. In this case, you get your original stake back; it’s neither a win nor a loss.

Let’s look at an example from the 2024 AFCON group stage to understand how Draw No Bet works. We will use the match between Cape Verde and Mozambique in two bookmakers to see if we can get a perfect outcome.

We will place a draw-no bet on the match in Betika and Mozzartbet, with one bookmaker taking the home bet and the other the away bet.

How to place a Draw No Bet on Betika and Mozzartbet

• Login to your Betika or Mozzartbet account
• Navigate the sports book and select the match you want to place the bet on

• Locate the Draw No Bet market among the fixture’s betting markets. The market is referred to as Who Will Win? (If Draw, Money Back) on Betika

• Place your bet either on the Home win (1) or Away win (2) and wait for your luck. I will place the Home win on Betika and Away win on Mozzartbet
  

• Remember, in a draw-no-bet market, there are no odds for the draw market.

What are the Results of a Draw No Bet

The results of a Draw No Bet are simple: you win, lose, or get your stake back. Here are the results from the above bet. We will also keep placing the Draw no Bet on other fixtures to get the real scenarios of when all outcomes are realized in the bet.

The real-time result of the game used above is:-

What happens after you win the bet?

You receive your payout when your Draw No Bet wins.

What happens when you lose the bet?

You lose the bet and the bookmaker keeps your stake.

What happens when the game ends in a draw?

We will provide the screenshots to this outcome once our experiments are through.

Is a Draw No Bet Worth it?

Whether a Draw No Bet is worth it depends on your betting strategy, your risk appetite, and the odds the bookmakers offer. Draw No Bet is a good option if you want to:

• Stake on an outsider that has a chance of winning or drawing the game
• Protect yourself from losing your bet in case of a draw
• Increase your chances of winning in a low-scoring or unpredictable game

However, Draw No Bet is not a good option if you want to:

• Maximize your potential payout by betting on a clear favorite
• Take advantage of high odds for a draw
• Bet on a high-scoring or predictable game

What are the Pros and Cons of Draw No Bet

Pros

• Reduces the risk of losing your bet
• Increases your chances of winning in a low-scoring or unpredictable game
• It allows you to stake on an outsider with more confidence
• It gives you more flexibility and control over your betting strategy

Cons

• Lowers the potential payout of your bet
• Limits your betting options to two outcomes instead of three
• It may not be available for all games or bookmakers

How to Choose the Perfect Game for a Draw No Bet

There is no definitive answer to how to choose the perfect game for a Draw No Bet, but here are some factors that you can consider:

• The odds: Compare the odds for a regular win bet and a Draw No Bet, and see if the difference is worth the risk reduction. Generally, the smaller the difference, the better the value of a Draw No Bet.
• The teams: Analyze the form, performance, and motivation of the teams involved and see if they are likely to win, draw, or lose the game. Generally, the more balanced the teams, the better the value of a Draw No Bet.
• The game: Consider its importance, context, and dynamics and see if they will likely influence the outcome. Generally, the more unpredictable the game, the better the value of a Draw No Bet.

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• Source: https://sportsbettingtricks.com/what-is-a-draw-no-bet/