How Bookies Make Money 2022

Do Bookies Make a Lot of Money?

If you are here to find the answer to the question “What does draw no bet mean”, then look no further! We will be discussing how this bet works and ways to use it to your advantage.

If you are new to sports betting, getting to grips with the types of bets available for you  to use is a great way of improving your chances at winning. The draw no bet is a great addition to your betting artillery and we are here to explain it in finer detail.

What does draw no bet mean exactly? – Draw no bet explained

Once you start betting, you realize that there are more betting types available than you would have thought. A lot of people ask the question “what does draw no bet mean?”. It might sound a bit complicated and when you are not so familiar at gambling yet, it all might seem a bit overwhelming. Luckily for you, the draw no bet is a very easy concept.

When it comes to sports betting there are a lot of games that have three outcomes. Win, lose or draw. The draw no bet means that they cancel out the draw outcome, so you only bet on the win or lose.

Maybe an example will help. Let us imagine France is playing Belgium in a soccer match. You bet that France will win using the draw no bet option. What this means is that if France lose, you lose your money, but if France draws, it is not part of the bet and your wager will be paid back in full to your account. The result thereof,  is that it changes from a three- way bet to a two way bet.

Although it is a very nice addition to safe betting, the odds of the bet will be impacted, but we are here to help. Throughout this article we will talk more on specifics and examples to help you better understand what does draw no bet mean and how it changes the dynamic and odds of a bet.

If you ask the question “what does draw no bet mean?”, you might get results showing Asian handicap betting explained. This however is not true and be sure to look out for it when browsing on the internet.

Which sports allow you the draw no bet option?

If you’ve Googled “what does draw no bet mean” you would eventually get to the point where it explains that not all sports have the draw no bet option. Before you start thinking “how does draw no bet work” again, it is very simple. Not all sports have draws. Here are the main sports people bet on that actually can end in a draw and therefore cater for the draw no bet market:

  • Soccer
  • Cricket
  • Boxing
  • Chess
  • American football
  • Australian rules
  • Ice hockey
  • Horse Racing and some other racing sports

If you are familiar with some of these sports, you can broaden your betting chances with the draw no bet option! Always keep all of your options in mind – you can browse through our page answering the question “how does a lay bet work?” or find out the meaning of more niche bets.

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Do bookies make a lot of money? – How does draw no bet work and is it worth a try?

Do you ever think about what does draw no bet mean exactly and how it affects the betting odds? Well you are not alone. Here is a great example regarding an English premier league soccer match.

Let us say for instance that you are an Arsenal fan. They are playing Leicester at home and you are fairly confident that your team will come out with a win. However, you know that Leicester has a good history away against Arsenal and they are in peak form at the moment, so you are not entirely confident on the outcome. You have a feeling it might end in a draw and you want to opt for a saver bet. This is where the draw no bet comes in handy! Choosing this option means that you take away the betting odds of the draw and change the bet to a two way outcome.

The three-way 1×2 market has the following odds before the draw no bet:

  • Arsenal to win home : 6/4
  • Draw: 12/5
  • Leicester to win away: 2/1

When choosing the draw no bet option, the 12/5 odds of the draw falls away as it is no longer a bettable outcome. As a result, if the game does result in a draw, your initial bet amount will be paid back into your account. This sounds great, however it does come with a cost as there are only two outcomes now which leaves the bookmakers more vulnerable. As a result, the odds will change after the 12/5 odds is taken out of the bet as follows:

  • Arsenal to win home: 4/5
  • Leicester to win away: 11/10

How does this impact the return of your bets?

Let us say Arsenal won the match 2-1. You decided to place a bet of $10. If you chose the normal three way bet you would have won $25 . Which is $15 profit. Now let us say you chose the draw no bet option and Arsenal wins. This would result in you winning only $18, with only $8 profit. This might be a bit lower but it greatly reduces your risk in case the game ended in a draw.

With it being a very tight game it could have gone either way and if it was a draw you would have gotten your money back. Whereas in the three way bet you would have lost everything on an Arsenal loss or draw. If you are still wondering what does draw no bet mean and you want to find out more, have a look at ‘how do betting exchanges work’ on TheGruelingTruth.

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How does draw no bet work in terms of combining multiple bets?

Sometimes when you decide to use the draw no bet option it can greatly reduce the odds you were looking for and might result in you rather leaving the bet altogether. Well we have great news for you, as draw no bets can be used in multiple bets. In other terms known as accumulator bets, these multiple bets are when you bet on the outcome of more than one game. All those outcomes need to be correct in order for you to win the multiple bet. If just one is wrong, the whole bet will be lost. This is a great way to increase your betting odds.

When it comes to draw no bet multipliers however, there is the chance that one of the games ends in a draw. If it is a two match draw no bet multiplier with the one game featuring Liverpool vs West Ham and the other Chelsea vs Arsenal, if Chelsea draw they are out of the multiplier as the outcome does not really exist. This means the bet throws away the Chelsea game and it becomes a single bet of Liverpool vs West Ham only. This means if you do however get the Liverpool game correct, it will only bet its’ draw no bet’ odds that count to your winnings.

The rest of the multiplier bet however is treated as normal, which means if one result is wrong and not a draw, the whole bet is lost. These are important things to consider when asking the question “ what does draw no bet mean” , because they do work differently and it is important to know these sorts of tips before you start betting with real money!

What does draw no bet mean? Here are some final words

We hope that this article helped you better understand the draw no bet option and ways to use it. If you are new to sports betting, starting with the draw no bet might be a good idea and you can also read through our page explaining ‘what does 1×2 mean’ in betting. Although some of your winnings will be substantially lowered, it does make your bets safer which is good to start with.

After you have some experience, maybe then you can start making the more risky bets for better pay outs! If there are still some gray areas you would like to cover, maybe have a look at the Betting Guide on our website TheGruelingTruth, for more help regarding betting tips and things like what does draw no bet mean.

What does draw no bet mean – FAQ 

🤔 Is it worth using the draw no bet option?

The draw no bet option is when you take away the draw outcome of a bet. This results in the bet winnings being decreased to make up for one outcome being removed. This is regarded as a safer bet for sports bettors. There are however a few tips on how to make the odds more worth your while. Have a look in this article for some of these tips. 

💰 How do I win a draw no bet?

This entirely depends on the type of bet you are making. You can either bet your draw no bet on a single outcome or put a few bets together in a multiplier. What the draw no bet does, it takes away the draw outcome of the bet. This always results in the betting odds being impacted. Have a look at our article on TheGruelingTruth, to see how the draw no bet works exactly.

🤷 Is a draw no bet the same as an Asian handicap?

The draw no bet is a very simple bet when it is first understood. The only thing that happens in this bet is that the draw of a sports bet falls away. This means, when the outcome in the match is a draw, you will receive a full refund of your money. For more information on the draw no bet or Asian handicap, have a look at TheGruelingTruth for more information.

🥇 What is the best type of bet to make

When it comes to sport betting, the bookmakers have a great way of balancing the risk versus reward ratio. It is very difficult to tell readers which is the best bet to make, because the lower the risk the lower the rewards and vice versa. We have articles on guided tips and reviews for the best sports betting sites for our readers to enjoy. Have a look at TheGruelingTruth for more of these types of articles.

 

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