As there are other betting options like Home to win nil or Away to win nil. Here is another option out of many, Draw no bet. It often abbreviated as DNB and is a popular market in football betting that provides a level of insurance to the bettor. This article will explain the draw no bet market, its meaning, how it works, and its relevance in football betting.
Introduction
Draw no bet, or “tie no bet,” is a type of market in football betting that eliminates the possibility of a draw and allows bettors to bet on either a home or away win. If the selected team wins, the bettor wins the bet. If the match ends in a draw, the bet is refunded.
What is Draw No Bet?
Draw no bet means wagering on one team to win a match, with the stake being refunded if the match ends in a draw.
This market serves as insurance in case the selected team does not win. However, if the backed team loses the match, the stake is lost.
How Draw No Bet Works
In the draw no bet market, the odds for the home or away team winning are presented, and the draw option is eliminated. If the selected team wins, the bet is successful. If the match ends in a draw, the stake is refunded. If the selected team loses, the bet is lost.
Draw No Bet vs. Double Chance
Draw no bet is similar to the double chance market, but with double chance, the bettor can win if there’s a draw. In contrast, draw no bet only allows for a win or a refund in the event of a draw.
Draw No Bet Example
For instance, if a bettor places a draw no bet on Arsenal and the match ends in a draw, the stake is refunded. If Arsenal wins, the bet is successful, and the bettor receives the payout. If the opposing team wins, the bet is lost.
Conclusion
In summary, draw no bet is a popular market in football betting that provides a level of security to bettors by refunding the stake in the event of a draw. It is a valuable option for those looking to mitigate the risk of a draw while wagering on a specific team’s victory.
The draw no bet market is widely used by bettors seeking a balance between risk and reward in football betting. Understanding its meaning and how it works can help bettors make informed decisions when placing their wagers.