draw-no-bet

Draw No Bet

Draw-No-Bet is a type of betting strategy adopted by most of the punters to eliminate the draw outcome from a game.This strategy required 2 bets – 1st-bet is to bet on the team that you believe will win, and the 2nd-bet is on the draw.

Why Draw-No-Bet but still bet on draw?
The bet on draw is served as an insurance in case the match ends in draw which the return will be enough to cover the entire 2 bets without losing.

Calculation for Draw-No-Bet
With reference to Manchester United vs Everton on this weekend.

Manchester United: 1.60
Draw: 3.55
Everton: 4.50
Stake: $100

If you believe Everton will win, bet $100/3.55=$28.17 on Draw, then the rest of $71.83 on Everton.

If match ends in Draw, 3.55 X $28.17 = $100 (no win no lose)
If match ends in Everton,4.50 X $71.83 = $323.24 (win $223.24 after deduct off $100)

If you believe Manchester United will win, bet $100/3.55=$28.17 on Draw, then the rest of $71.83 on Manchester United.

If match ends in Draw, 3.55 X $28.17 = $100 (no win no lose)
If match ends in Everton,1.60 X $71.83 = $114.93 (win $14.93 after deduct off $100)

How to apply this strategy?
If you think that Everton should win against Manchester United but somehow you still feel that a draw is possible. You can bet on Everton for a Draw-No-Bet.

Most of the time, this strategy applies on underdog with greater odds for greater return as you can see from Everton case above, however it also make sense for favorite team like Manchester United as insurance, just that the winning will reduce by big chunk.

Conclusion
Draw-No-Bet is a good way for punters to protect themselves, especially for those who have patience and want a safer kind of bet. Many matches ending in a draw, aren’t they?

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