The Draw no Bet is a type of sports bet offered by most online bookmakers.
As the name suggests, it is characterised by the fact that you get your money back in case that the match ends in a draw.
For example, in football betting on the Premier League, you might think that Manchester United will win against Chelsea. However, you recognise that a draw is also relatively likely.
The Draw no Bet gives you the chance to bet on Manchester United while protecting your stakes against a tie.
Not all offer this betting option. Luckily, you can always make them yourself.
The easiest way to create your own draw is to choose the team you think will win (as you would with the DNB), and make a bet with Asian handicap + or - 0.
Since the Asian handicap returns your stake if the bet is a draw, this is equivalent of playing DNB.
Another strategy is to place one bet on the team you think will win, and an extra bet on a draw.
If your bet sizing is correct, you will be able to insure against the draw. To illustrate how this works, consider the following game:
1 (1.50) | X (4.00) | 2 (9.00)
You want to bet on a win for team 1, but you also want to protect yourself against a draw.
First, we calculate the stake we want to place on the home team.
The formula for this is:
HOME STAKE = TOTAL STAKE x ( DRAW ODDS - 1) / DRAW ODDS
DRAW STAKE = TOTAL STAKE - HOME STAKE
HOME STAKE = $100 x (4.00 - 1) / 4.00 = $75
DRAW STAKE = $100 - $75 = $25
The net profit formula for home and draw:
NET PROFIT HOME TEAM WIN = (HOME ODDS -1) * HOME STAKE
NET PROFIT DRAW= (DRAW ODDS -1 * DRAW STAKE) - HOME STAKE
NET PROFIT HOME TEAM WIN = (1.50 - 1) x $75 = $37,5
NET PROFIT DRAW = (4.00 - 1 x $25) - $75 = $0
If you bet a total of $100, with $75 on the home win and $25 on the draw and the game ends in a home win you make a profit of $37,50. If it ends in a draw you get your money back. No profits, no loss. That's how Draw no Bet works.
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