Draw No Bet Explained

Here at Parimatch, our aim is to get our bettors the widest selection of sports betting options in Tanzania and beyond. No matter what your game is, we want to offer you an invigorating way to place a wager and liven up the match. In this sense, we know that betting needs to be easy to be fun.

While some advanced bettors might like to chance their arm with complex betting strategies, we also know that some punters simply want to place a bet on the team they think is going to win. Anyone who has read betting odds before, however, will know that when the option of a draw is on the table, the outcome can be a little less predictable.

Some bettors don’t like to be thrown off by the idea of a draw. That’s why Draw No Bet betting comes in. The idea is that by removing the possibility of a draw, the Draw No Bet odds simply represent the chance of each team winning. This is much easier to get your head around.

For those who like a simple life, the Draw No Bet (DNB) strategy is most certainly an option to consider. If it sounds like something you would be aligned with, this handy article gives you a rundown of the meaning of Draw No Bet. You can also check out the rest of this guide for tips on how to place a DNB wager on Parimatch’s sports betting platform, when to use DNB to make the most of your wager, and the advantages and disadvantages of Draw No Bet wagers.

What Is Draw No Bet?

Draw No Bet means exactly what it says on the label — if there is a draw, no bet, meaning that if a draw result occurs, the bet is canceled.

But what does this mean for you as the bettor?

As we mentioned in the introduction, draws are quite rare and therefore have quite high odds. That said, draw outcomes tend to throw off the odds when betting on a team to win. In fact, when you look at the Premier League, across 5 seasons from 2012 — 2017, the chance of a draw was 25%. This significantly skews the odds when attempting to bet on a winning team. If you would like to simply bet on which team would win without considering the draw result, you can bet on a Draw No Bet wager.

What this means is that you, as the bettor, pick either team as the predicted winner. The concept of a draw occurring is removed from the equation — you pick either team or player 1 or 2 to win. If a draw does occur, however, instead of throwing your odds or you losing your bet stakes, the stake is simply returned and your bet is canceled.

This is why this type of gambling option is called ‘Draw No Bet’. Simply put, if there is a draw, then you don’t have a bet as the bet is canceled.

In general, the draw no bet market is a betting type used by more risk-averse bettors. The odds don’t tend to be as high but the chance of losing is considerably reduced as now there are only 2 options of the outcome rather than the third option of a draw.

Another reason you may consider a Draw No Bet wager is to back an underdog when you have a chance they might win. Take 2018/2019 Premier League season. Wolverhampton Wolves rose up from nowhere and defeated many a top Premier League side in an unexpected twist of fate. In this circumstance, you may have considered backing Wolves against teams like Man U, despite Wolves still being the underdog. Betting on a Draw No Bet gives you the safety of a draw as you won’t lose your money if the underdog draws instead of outrightly winning. However, if they win, you win big. So in this sense, a Draw No Bet wager is a great safety net for betting on underdogs.

So, in short, a Draw No Bet wager removes the draw option. If your side wins, you win the bet. If your side loses, you lose the bet. If both teams draw, your stake is returned.

Draw No Bet: Explained with Examples

If you are still a little unclear about how a Draw No Bet betting market works, let’s use a soccer example to help you get to grips with it. Take a look at this match below between Wolverhampton Wanderers (1) at home against Leicester City away (2):

In the above market example, you can see the odds for a double-chance bet. This is a wager where you can either bet that Wolves (1) will win, the teams will draw (X), or that Leicester City will win (2). In this scenario, the odds are pretty even on both sides, with a slight lean toward Wolves win. The odds that Wolves will win are 2.55 and the odds that Leicester City will win are 2.85. However, the odds or a draw are 3.25. In this case, while a draw is less likely, as can be seen by the odds, there is still a chance that a better could lose their stake on the draw.

Imagine you were to place a wager that Wolves would win. When we look at odds, we can use these figures to calculate the implied probability. This type of probability refers to your chances of winning the bet. You can do this by taking the odds — in this case, 2.55 — and dividing 1 by those odds, and multiplying it by 100. In this case:

(1 / 2.55) x 100 = 39% chance of Wolves winning.

While these chances don’t seem that far apart, the odds against a Wolves bet stack up pretty high.

This is because, with a double chance bet, you are betting on one of three scenarios — 1 or X or 2. So when you compare your chances of winning the bet against your chances of not winning the bet, you have to add together the two chances that you won’t win.

In this case, while there is 39% that Wolves game ends with a win, there would be a 61% chance of losing the bet due to a draw or a Leicester City win.

Now let’s compare it to a Draw No Bet wager.

In this scenario, the chances of winning the bet on a Wolves match ends with a win is 56%. The chance of losing the bet calculates to 49% (with a betting margin of 5%). In this situation, the chances of winning the bet increase as the chances of losing decrease considerably with a draw result removed from the potential outcomes.

Whereas before, with a 1X2 bet, calculating the odds against you mean factoring in both a loss and a draw, with a Draw No Bet wager, you only have to factor in a loss.

Instead, if a draw occurs, your stake would be returned to you.

How to Place a Draw No Bet Wager on Parimatch

It is easy to get the hang of Draw No Bet wagers as they are a relatively simple concept. However, some betting sites make it tricky to actually place DNB wagers. Luckily, Parimatch believes in frictionless online betting, which is why our process for placing a Draw No Bet is as simple as possible.

Here’s what you need to do to place a DNB prediction on Parimatch:

1. Sign up for a Parimatch account by clicking the yellow button in the top right-hand corner of the screen. Follow the simple instructions to register a Parimatch account and deposit funds ready for betting.
2. Once signed up, sign in to your account.
3. Next, choose pre-match, live, or virtual sports betting. You will see these different options in the bottom menu under “Sport” for pre-match bets, “Live” for live wagers, and “Virtual” for virtual games.
4. On the next screen, you will see a list of available sports for betting on Parimatch. To quickly navigate to popular leagues, you will see a bar showcasing favorite leagues at the top of the page. If you can’t find what you need there, all sports are listed underneath.
5. Pick the sport that you would like to bet on.
6. This will lead you to a page listing all the countries holding games on which you can bet. If you click the country you desire, you will find that a dropdown menu offers you all the tournaments, leagues, and championships available to bet on.
7. Choose the league or tournament on which you would like to bet. This will take you to a screen that showcases all the available matches and games for betting.
8. From this list, pick the game you would like to place a Draw No Bet wager on.
9. When you select the game, you will be taken to a screen that offers the whole range of available betting options for this match.
10. Scroll down, and you will find a header that lists “Draw No Bet”, and will only offer two outcomes for wagering against — 1 or 2. You can also place bets on Draw No Bet wagers for the first and second halves independently.
11. Select the outcome you would like to bet on — 1 or 2. When you do this, the box will turn highlighted and a small number will appear in your betslip.
12. When you have finished placing all bets, you can click the betslip tab to finalize your bets.
13. If you are only placing one bet, the betslip will automatically list your bet under the “Single” tab.
14. If you are only placing one bet, scroll down to check the details of your Draw No Bet wager. Add your stake to the box. Once you’re ready, click on the “Place bet” button.
15. If you are placing multiple bets, you can also place them as parlay bets (sometimes known as accumulator bets).
16. For parlay bets, check the details and odds of all the bets, enter your stake in the box and click “Place Bet”.

When to Use DNB?

The major reason that bettors use the Draw No Bet betting options is to reduce the chances of losing a bet. With a DNB bet, you take out the chances of a draw happening, as your stake will be returned if a tie outcome occurs. This doesn’t make it more likely that a bettor will win, just less likely that you will lose your stake.

So when should you consider betting on a Draw No Bet wager?

When a Draw is Likely

Draw No Bet wagers are a great idea if you are planning to bet on a team but a draw is likely. This would occur when both teams are of similar capabilities and skills. If you are unsure of whether two teams are likely to draw, consider the odds. If both teams in a game have similar odds, they are likely to draw.

Bear in mind, if you see odds that are somewhat similar and the home team has a smaller edge, this is likely the home team advantage being represented. This would mean that there is likely to be a draw. The above market example of Wolves versus Leicester City is a prime example of this. As two similarly skilled teams, they have nearly equal odds. Wolves have slightly lower odds as they have the home team advantage. In this scenario, a draw is very likely.

When You Want to Stake the Underdog

When betting on the underdog, you have a chance of winning big if your prediction is correct. The problem with betting on the underdog is that the chances are certainly not in your favor, making a bet riskier than wagering against the favorite. On top of this, the draw result skews the chances of losing even further from your favor.

In order to combat the negative effects of the draw odds, you can remove the match ended in a draw option so that you have less chance of losing if the underdog draws instead of winning.

Take this football match between Southampton and Burnley as an example:

Here you can see that Burnley is the underdog. While this may be true in terms of skill, Manchester United lost 0-2 to Burnley in January 2020. This shows that Burnley could surprise the crowd and beat Southampton.

Imagine you choose to back Burnley with a stake of 10,000 TZS at an odds of 4.90. In this example, you only have a 20% implied chance. With the draw and a Southampton win against you, you are looking at an 85% implied chance against you (including a 5% bookmaker margin). This means an 85% chance of losing your money.

However, if you win, you will receive a 49,000 TZS payout.

To put the odds more closely in your favor, a Draw No Bet wager would remove the draw chances, which would decrease the implied probability of you losing the bet. Instead, it would look like this:

In this circumstance, without the potential draw outcome in play, the odds of losing are 77.5% instead of 85%.

When You’re Live Betting on a Favorite That’s Losing

If you are watching a match and you truly believe that the favorite is going to win, but they are currently losing, you want to remove the draw outcome. When the favorite starts to give away their lead, it’s time to bet on a Draw No Bet. This could be that the favorite is losing or the underdog has scored, closing the gap. In this case, you want to reduce the likelihood of losing your stake if they draw.

Pros and Cons of Draw No Bets Wagers

There are advantages and disadvantages of the Draw No Bet market option, and each of these points plays out differently depending on the situation in which you are applying the betting option. Consider these advantages and disadvantages of Draw No Bet wagers before choosing this strategy:

Pros of Draw No Bet Wagers

• Shelter your stake from the draw

Punters will be surprised that the tie outcome is actually far more common than realized. In soccer, for example, a draw occurs around 25% of the time. This means one of the four games will end in a draw. If you factor the draw into your odds, you have a high chance of losing when selecting a winning team. By going for Draw No Bet, you can put your faith aside without having to worry about the fallout of a draw.

• Protects you from unsuspecting counterattacks

One of the reasons that Wolves managed to creep up the Premier League was that bigger teams underestimated them. Instead of playing their prime squads against the Wolves, they played inexperienced and less skilled teams. This meant that the Wolves managed to harness points through surprising wins and much-needed draws. A Draw No Bet protects you from financial loss in similar scenarios.

Cons of Draw No Bet Wagers

• The odds are slightly lower

As the draw option has been removed, there is less chance of lost bets. This means that Draw No Bet odds are lower than with 1X2 bets.

Draw No Bet Alternatives

There are other ways to bet, taking into account the draw outcome and protecting yourself against it. These options are also available on the Pairmatch sports betting app.

Double chance betting

While you can’t place a bet on two outcomes in a single match using a 1X2 bet, you can use a safer double chance wager, where you bet on outcomes such as:

• Team A wins or draw;
• Team B wins or draw;
• There is no draw.

The difference with this compared to Draw No Bet wagers is that the odds tend to be lower as you have more chance of winning this kind of bet. You may also find more restrictive limits with double chance bets.

Handicap 0.0

A handicap 0.0 bet is essentially exactly the same as a Draw No Bet wager. In a 0.0 handicap bet, there is no draw option, and without a handicap (as it is set at 0.0), neither team is given an advantage. In this scenario, if you bet on Crystal Palace and they win, you win the bet. If you bet on Crystal Palace and they draw, your stake is returned. If you bet on Crystal Palace, but Newcastle wins, you lose your stake.

Parimatch: Other Bet Types Explained

In this list, you will find our other articles dedicated to bet types. Feel free to explore the list and step up your betting knowledge with Parimatch!

• Half-time/full-time
• Handicap
• 1×2 (3-way)
• Moneyline (to win)
• Total (over/under)
• Both teams to score
• Double chance
• Draw
• Odd/even
• Correct score
• Late goals

Summary

While it may seem that 1X2 bets give better odds, when you look closely, you will see that the draw significantly skews your chances of winning. The Draw No Bet betting option enables punters to be able to place a bet without worrying about the impact of a possible draw. This is especially poignant when one considers that soccer experiences draw 25% of the time!

By opting for a Draw No Bet wager, you can not only reduce your implied probability of losing, but you can also protect your stake at the same time. This allows you to take more risky strategies, such as backing the underdog to try and increase your potential winnings. It also enables you to shelter yourself from a favorite loss in action. If you see the margin closing between a favorite and the underdog while the game is in play, a Draw No Bet wager can help to shelter you from the looming draw that seems possible!

Thankfully, placing a Draw No Bet wager on the Parimatch sports betting app is incredibly easy. All Draw No Bet wagers are listed under all sports that have the possibility of a draw occurring. Using our state-of-the-art app, you’ll find the widest range of Draw No Bet options in all of Africa! Join Parimatch today to place DNB wagers directly from your smartphone!

FAQ

How does a draw no bet work?

A draw no bet simply works by eliminating the option of a draw from a bet. Therefore, as a bettor, you can place your wagers either on a home or away win. This means that if your predictions are correct, you win. However, if the game ends in a draw, your wager is refunded since there is neither a win nor loss.

What is draw no bet example?

For example, Team A and team B have a home and away game, and you bet on team A. In 1×2 betting, you have three outcomes – you will only cash in if team A wins and lose if team B wins or the game ends in a draw. But in a draw no bet, you only get two outcomes – if team A wins, you cash in. if team B wins you lose, but if the game ends in a tie – you get your wager back.

How are draw no bet odds calculated?

Draw no bet odds are calculated by combining the odds placed on a market. With the odds posted, you can then spread your bets by choosing a home win and draw or away win and draw.