Parent page: Learn About Sports Betting
Whether you are known as a seasoned sports bettor or just starting, you can be sure that there is always something new. There are different types of sports bets which are not clear even to professionals. One of these bets is the draw no bet. This bet is available in almost every online bookmaker, but only a few bettors get to use it; maybe because it tends to offer relatively lower odds compared to fixed match bets.
How the Draw No Bet Works
In your sports betting exploits, there are times when you might feel like betting on a particular outcome, only to stop owing to the risk of having a draw. A draw no bet also referred to as DNB, can help you in such instances. This type of bet acts as some form of insurance when placing wagers on specific outcomes.
The way DNB works is that players are entitled to a refund of their initial wager in case the match ends in a draw. And if your selection wins, you are entitled to a full payout of your winning odds. It is worth noting that DNB odds are lower than offered for 1X2 due to the element of safety offered.
Draw No Bet Explained
For example, if you place a straight 1X2 bet of $10 on a team with odds of 1:8, you receive a profit of $8 when the team wins. In case the match ends as a draw, or if the team loses, you lose your initial wager. On the other hand, if you wagered $10 on 1:4 odds, you will get a profit of $4. As much as DNB offers lower earnings than straight bets, it has a money-back guarantee in the event the match ends as a draw, which is highly likely.
Thus, it is up to you to decide whether the risk involved is justified. Sports betting is all about striking a balance between risks and rewards.