If you’re a sports bettor, you probably would have come across a lot of markets that are most times difficult to understand. One of these markets is Draw No Bet (DNB). In this article, however, we explained into detail the meaning of that market.
So, what’s Draw No Bet meaning
DNB is a betting market that eliminates the possibility of a draw outcome. This means that you are only betting on the possibility of a home win or an away win. If the match ends in a draw, the bookmaker will refund you your stake in the market. Note that the refund does not affect the entire booking, but only the DNB market.
The betting market is popular among people who want to reduce their risk of loosing their entire bet. If you are not sure whether a team will win or draw, you can choose DNB and you will not lose your bet if the match ends in a draw.
How does it work?
Now that you know the meaning of Draw No Bet, it will be good to also know how the market works.
DNB works by removing the draw option from a three-way market. For instance, if you are betting on a match between Tottenham Hotspur and Chelsea, the three-way market would have the following outcomes:
- Manchester United to win
- Liverpool to win
So if you placed your bet on Manchester United to win in the three-way market, you will win your bet if Manchester United wins the match. However, if the match ends in a draw, you will lose your bet.
Meanwhile, if you bet on Manchester United to win in the DNB market, you will also win your bet if Manchester United wins the match. However, if the match ends in a draw, your stake will be removed from the bet slip. When this happens, the rest of your selections are saved, unlike the three-way market where a draw will spoil the entire bet.
Advantages of DNB
There are a few advantages to betting on DNB.
- DNB reduces the risk of loosing your entire bet. If you are not sure whether a team will win or draw, you can choose the market and you will not lose your bet if the match ends in a draw.
- DNB can be a good way to get better odds. Because the draw option is removed from the market, the odds on the home win and away win are usually slightly higher than they would be in a three-way market.
The market’s disadvantages
Just as the market has its advantages, there exist its disadvantages too.
- You’ll not get any value if the match you bet on ends in a draw. Your bet will simply be refunded.
Tips for betting on the Draw No Bet market
Now that you’re abreast with Draw No Bet meaning, you would want to place bets in the market. But before you do that, consider the following tips if you want to excel in the always:
- Do your research: Before you place a DNB bet, make sure you do your research and understand the two teams involved. This will help you make an informed decision about which team to bet on.
- Consider the odds: The odds on DNB bets are usually slightly lower than the odds on three-way bets. This is because the bookmaker removed the draw option from the market. However, if you are looking to reduce your risk, DNB can be a good option.
- Use a betting exchange: Betting exchanges offer better odds than traditional bookmakers. This is because betting exchanges allow you to bet against other punters, rather than against the bookmaker.