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Before you start reading, if you are looking for a Draw No Bet Calculator, I have created an Excel one, where all you have to do is punch in the odds and see if it’s worth taking the Draw No Bet Odds and also the gain/loss from taking them. Download here
What is Draw Now Bet?
Draw No Bet is a type of bet, which covers the 2 winning outcomes in any give game. If the game itself however ends draw your stake is refunded!
Put visually if Chelsea meets Manchester United, and the 1X2 odds of the match are as follow:
Chelsea @ 2.60 Draw @ 3.40 Man Utd @ 2.60, the sportsbook will give you something similar to Draw No Bet: Chelsea @ 1.80 Man Utd @ 1.90
Placing a bet of £100 on Chelsea will bring you £180 or a profit of £80, and if the match however by any chance ends draw, your £100 wager is refunded in your account.
How does it work, and the calculations behind it?
Here’s how the sportsbooks come up with the odds:
- 1. First they take your wager £100 and divide it by the odds of the Draw @ 3.40. This gives the sportsbooks the amount of money they have to subtract from your initial bet, which equals £29.41. This amount of money will back the draw outcome, so if the game happens to end tied, your £100 are refunded (3.40 x 29.41 = 100)
- 2. The rest of your wager, will back one of the two outcomes left, depending on which team you have chosen. In our example, that would be: Chelsea @ 2.60. This means that £70.59 (100 – 29.41 = 70.59) are placed on odds of 2.60 and your winnings will be £183.53
- 3. Taking the winnings £183.53 and dividing them by 100, would give the sportsbooks the TRUE odds of what they should place for Draw No Bet, hence 1.835
If you wanted to take £100 out of your pocket, place them on Chelsea, but you also wanted to make sure you get your wager back, if the game ended draw, the above calculation will be the way to do it.
If it’s too confusing, our Excel calculator will let you enter the 1X2 Odds, the Draw No Bet Odds given by the sportsbook, and then it will calculate what the real Draw No Bet Odds should be, whether you should take the bet, and how much juice you are going to get or lose.
Show I take the Draw Now Bet?
Now to avoid confusion, the Draw No Bet offers your just 2 odds and all of the calculations are done for you. But here’s where you have to pay attention, notice the Draw No Bet odds for each team: Chelsea @ 1.80 and Manchester United @ 1.90.
I know that if I did the calculation myself and I placed two separate bets on Chelsea to win and a Draw, and Chelsea indeed won, I will have to have £183.53 as winnings. However as you can already see, I will not! The sportsbook has decided to cut me off a little bit, therefore I will receive £180 in winnings and I will lose £3.53, IF I choose to use for my convenience the Draw No Bet odds of Chelsea @ 1.80
Ouch I am not happy with that are you? So what do you do in this scenario? You DO NOT take the Draw No Bet odds, you place £29.41 on a draw and £70.51 on Chelsea to win, and you enjoy maximum profit if they do.
But what happens if I was Manchester United fan? The Draw No Bet odds are 1.90 there. Since both teams has equal 1×2 odds of 2.60, the calculations are the same as the above. This time however £100 placed on 1.90 would give you winnings of £190, which is £6.47 more from what you would have gotten if you placed two separate bets on draw and Manchester United to win. So hell yes, you should take the odds!
Conclusion
Always and always do your calculation first, otherwise you might be losing money with the Draw No Bet odds. It’s not hard at all to do that, it’s just simple math and the more you do it the easier it will get.
Look for the value! If Draw No Bet gives you higher profit, use it to get the maximum of your winnings. To find the value, be sure to use high quality large brands like Bet365.
If you are still confused, but want to learn, be sure to drop me a message and I will teach you.
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