Betting on sports has become a global phenomenon. In fact, watching our favourite team or athlete compete, and placing a bet on the match result can be interesting and add to the excitement.
However, betting may be daunting to beginners unfamiliar with all their available betting options (of which Draw No Bet and Double Chance Bets are two popular examples).
In this article, we will explain what these mean and how they work, with examples. But before we do, we can’t stress enough the importance of choosing the right sportsbook. It can even be a new sports betting site, as long as they are trustworthy and reliable.
Draw No Bet
"Draw No Bet" is a type of betting market that allows bettors to bet on a particular team to win a match without worrying about a draw. In essence, if the match ends in a draw, the bettor will receive their stake back. This type of betting is most commonly used in football but can be applied to other sports as well.
To better understand how Draw No Bet works, let’s consider an example:
Suppose there’s a football match between Manchester United and Arsenal, and the odds are as follows:
- Manchester United: 1.80
- Arsenal: 2.20
- Draw: 3.50
If you place a Draw No Bet on Manchester United, those odds will be slightly reduced, but with the benefit that your stake will be refunded if the match ends in a draw, plus you will get a payout if Manchester United win.
For example, let's say you bet £100 on Manchester United at Draw No Bet odds of 1.60. If Manchester United win, you will receive a payout of £160 (stake x odds), and if the match ends in a draw, you will get your £100 stake back.
Draw No Bet is an excellent option for bettors who want to minimise their risk and eliminate the possibility of losing their stake due to a draw.
Double Chance betting
"Double Chance" is another popular betting market that allows bettors to increase their chances of winning by placing a single bet on two outcomes of a match. In essence, it covers two of the three possible outcomes in a match, reducing the risk of losing your stake.
To better understand how Double Chance works, let’s consider an example:
Suppose there’s a soccer match between Liverpool and Chelsea, and the odds are as follows:
- Liverpool: 1.50
- Chelsea: 2.50
- Draw: 3.00
If you place a Double Chance bet on Liverpool, you will win your bet if Liverpool win or draw the match. In this case, you are betting on two outcomes, which significantly increases your chances of winning.
For example, let's say you bet £100 on Liverpool to win or draw (Double Chance) at odds of 1.20. If Liverpool avoid defeat, you will receive a payout of £120 (stake x odds).
Double Chance is an excellent option for bettors who want to protect their stake and increase their chances of winning by betting on two outcomes instead of one.
Conclusion
Draw No Bet and Double Chance are two popular betting markets that can help bettors increase their chances of winning. These betting options are widely available in various sportsbooks, and it’s essential to understand how they work to make informed betting decisions.
Whether you’re a beginner or an experienced bettor, Draw No Bet and Double Chance can be useful tools in your betting arsenal. Remember to always bet responsibly and within your means.
FAQs
What are the advantages of Draw No Bet betting?
The main advantage of Draw No Bet betting is that it provides an extra level of security for the bettor, as they can get their stake refunded if the game ends in a draw. This can be useful in situations where the game's outcome is uncertain or if the bettor wants to minimise their risk.
What other types of bets can I make on football?
There are many types of bets that you can make on football, including the winner of a match, the scoreline, the number of goals scored, the first goal scorer, the time of the first goal, the number of corners, and many more.
How can I find a trustworthy bookmaker for football betting?
To find a trustworthy bookmaker for football betting, look for one that is licensed and regulated by a reputable authority, has a good reputation and track record, and offers fair and competitive odds.