Draw no bet has been around for a long time, and you must have known it. However, because it is an English name, many people do not understand how to play, its characteristics, and attributes. The next article, ABC8, will explain how to handle this variation from European odds.
What is draw no bet in odds?
In draw no bet, there is no handicap between the strong and weak teams. Players have only two options: bet on the upper or lower odds. If the result is as predicted, the player will receive money from the bookmaker. On the contrary, if the result is not as expected, the bookmaker will collect all the money from the players.
Players will get their bet back if the match ends in a draw. That is why this bet does not have a handicap between the two teams. On the other hand, there are only a few small differences between the upper and lower teams.
That is why Draw No Bet is also known as a refund bet. This bet is related to football betting as well as other sports such as basketball, volleyball, badminton, and handball.
Instructions on how to play Draw No Bet
The Draw refund bet has a similar way of playing as the European 1×2 bet. Players do not need to care about goal tickets or penalty cards, but only care about the win or loss of the team they bet on.
Example: In the match between Barca (home team) and Getafe (away team), if you bet on Getafe to win, then:
If Barca wins, you will lose and lose the bet amount.
If Getafe wins: You will also receive the bonus amount calculated according to the formula of the initial bet multiplied by Getafe’s odds.
If the two teams draw, you will be refunded the amount of money you bet on the Draw bet. Refund bet
How to calculate money for Draw No Bet
Betting on Draw No Bet is easy to understand, but not everyone knows how to calculate the bonus. Usually, the bookmaker will display the bonus amount when the player wins the bet. However, players should learn how to calculate the bet to ensure safety and transparency in the betting process.
Here is a specific example of how to calculate the bet for Draw No Bet between the two teams, Middlesbrough (2.6) and Bournemouth (0.98). Suppose the player bets 700 USD on Middlesbrough.
If Middlesbrough wins: The player will receive 650 USD x 2.6 = 1,690 USD.
If Bournemouth wins, the player will lose the initial bet of 700 USD
If the two teams draw, the player will get back the entire initial bet amount from the bookmaker.
Players can see that Draw No Bet has a higher winning rate than other types of bets. Many players choose this bet because of the high winning chance and limited risk during the betting process.
However, due to the high winning chance, the reward that the player receives will not be as high as other types of bets.
