There are a lot of football fans around the world, which also means that a lot of betting takes place on various football games. To make things interesting in a number of scenarios, the bookmakers come out with various different types of bets and betting markets.
One of the types of betting that is very commonly practiced in the football world is the ‘draw no bet’ bet. This is also a very easy form of bet to understand.
Read on to find out what draw no-bet betting means and how it takes place in a match scenario.
What is Draw No Bet in Football?
Draw No Bet is also known as DNB betting around the world, and the main aim of this type of bet is to minimize or eliminate all the risk.
Draw no bet removes the outcome of a draw in 1×2 bets, which allow you to bet on either the home team or the away team winning.
This is an extremely popular bet type if there is a clear favourite in the match and if you want some insurance or safety net against the match ending in a draw.
The main feature of draw no bet is that in case a match ends in a draw, you will get your entire stake refunded by the bookmaker without any questions being asked.
This means the bet turns into a standard bet with you betting on either the home or away team to win. If the team you have selected to win ends up winning, you walk away with your payout. If you lose the bet, you lose your stake.
A draw leads to your whole stake being refunded.
How does Draw No Bet Work?
Draw no bet has become one of the most popular forms of football betting, with savvy bettors increasingly opting to place this form of bet to reduce risk. It is really easy to understand and we will give you a couple of examples of how it all works.
Consider a UEFA Champions League match between English heavyweights Manchester United and Turkish champions Galatasaray as an example.
The match is being played at Old Trafford and Manchester United are the favourites. Manchester United have odds of 1.35 and Galatasaray are given odds of 3.50 in the ‘draw no bet’ betting market.
If you bet INR 100 on Manchester United to win at odds of 1.35, you will walk away with winnings of INR 135 – INR 35 in profit and INR 100 of your original stake.
If Galatasaray wins, you will lose your stake. But if the match ends in a draw, you will be refunded your entire stake if you have placed a draw no bet.
If you bet INR 100 on Galatasaray to win at odds of 3.50, you will walk away with winnings of INR 350 – INR 250 in profit and INR 100 of your original stake.
If Manchester United wins, you will lose your stake. But if the match ends in a draw, you will be refunded your entire stake if you have placed a draw no bet.
Benefits of Draw No Bet?
Draw no bet is a very lucrative form of betting in football matches. Though the odds offered in this type of bet are typically lower than other bets, it reduces the risk of you losing money significantly.
In this scenario, if the match ends in a draw, you can relax knowing that you will be refunded your entire stake. It is a valuable bet for risk management and if you want some insurance on the money you have wagered.
Due to the popular nature of draw-no-bet in football betting, many online betting sites offer this bet type on each available football match on their platform. You can check out some of the best online bookmakers in India and their comprehensive reviews on our website.