Draw No Bet Explained

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Draw no bet is a protective betting market in which you will get your stake back if the game ends in a draw. You will have backed either the home (1) or away (2) team in making this bet.

Below is a draw no bet calculator to help you work out what the exact odds should be. Simply enter the 1X2 odds to get the exact draw no bet values.

Calculator (input your odds below):

FootyBettingTips.co.uk has created a free Excel download that you can use offline. Simply enter the latest odds from your sportsbook and you will discover a yes or no answer for the bet. The calculator will also tell you the gain or loss from each bet.

Download here (Downloaded 31219 times)

If you need 1 on 1 explanation please do not hesitate to contact me via the contact form.

Draw No Bet in Action

For this section, the example features Chelsea v Man Utd: 
Chelsea – 2.60 Draw – 3.40 Man Utd – 2.60

Draw no bet for the game are: 
Chelsea – 1.80 Man Utd – 1.90

A successful bet for Chelsea yields an £80 profit, while Man Utd will deliver £90. However, a draw will result in the return of your £100 stake.

How Draw No Bet Works

Calculating the true odds for draw no bet can be relatively simple. For this example, let’s take a £100 wager and divide it by the draw at 3.40. This works out as £29.41, which is the size of stake required to win £100 if a draw occurs.

Draw: £29.41 * 3.40 odds = £100

The remainder of the £100 backs your chosen team. Stick with Chelsea at 2.60 and the stake would be £70.59 (£100 – £29.41). A £70.59 stake can result in £183.53 winnings.

Win: £70.59 * 2.60 odds = £183.53

To figure out the true odds, you take the £183.53 for Chelsea winning and divide by the £100 stake.

True odds: £183.53 / £100 = 1.8353 for Chelsea in draw no bet

Alternatively, you can use our Excel calculator by entering the 1X2 odds plus the draw no bet odds provided by the sportsbook. Enter those odds and you will be left with a clear yes or no answer for whether the bet is worth it or not.

Download our Excel Calculator for offline use here

Should I Back Draw No Bet?

In this example, Chelsea are available at 1.80 for draw no bet. However, we know that the true value should be approximately 1.83. Now you get to know you are missing out on £3.53 worth of winnings by selecting draw no bet.

Fortunately, you can back Chelsea to win with £70.59 and the draw at £29.41 to avoid missing out on the £3.53 winnings that are available at the true value.

Conversely, there is an interesting outcome if Man Utd win the game at 1.90 for draw no bet. Those odds are above the 1.83 true odds, so you would stand to benefit greatly if Man Utd win.

In this case, you would win £6.47 above the true odds with a £100 stake on Man Utd. This is a time when you definitely take draw no bet because you stand to profit to a greater extent.

Conclusion

Taking a moment to understand the odds can help you to ensure that your potential winnings are maximised. For football fans, it is all too easy to make a hasty decision when faced with an array of betting markets on the screen.

However, you can avoid these moments by using our online draw no bet calculator to see whether you are gaining or missing out. And don’t forget about the Excel calculator for use offline.

FootyBettingTips.co.uk has much more helpful advice to help you maximise your winnings.

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Category: Football Betting, Gambling Guide Articles
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