Why is the "Draw No Bet" not found on most sportsbook

ralle14

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Quote from: mu_enrico on April 08, 2022, 03:44:51 PM

Yeah, but it will become draw win/lose situation, not draw no bet...
Anyway, I don't think the "draw" here is the issue. If some bookers don't allow "draw no bet," it is probably because they want users to play (win/lose). Let's say you place draw no bet and ranked up thus receive the rakeback/bonus, then the match ended in draw, it will become confusing for the casino.

I agree i'm not saying it's an issue but I just want to point out that bookies tend to have a wide variety of markets available even if the sport tends to have an outcome of a draw it's just that there's poor visibility when it comes to some of the markets as they're buried below the page or on another tab.

Also, I guess it depends on how their bonus system work, usually it should get voided and returned but I remember that one of the sportsbook i've used still counted the voided bets as a progression to my VIP level.

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Quote from: ralle14 on April 08, 2022, 03:30:33 AM

On the other hand, even if there's a draw option you can always avoid it by taking the Asian handicaps which have +0.5, +1.5, +2.5, and so on, or you can go with the draw no bet option as there are times when draw no bet markets have higher odds than the handicaps.

Yeah, but it will become draw win/lose situation, not draw no bet...
Anyway, I don't think the "draw" here is the issue. If some bookers don't allow "draw no bet," it is probably because they want users to play (win/lose). Let's say you place draw no bet and ranked up thus receive the rakeback/bonus, then the match ended in draw, it will become confusing for the casino.

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Quote from: Peanutswar on April 08, 2022, 04:12:30 AM

Currently, the system of the gambling platforms nowadays are just having a win or lose scenario. If the game got void or cancelled because of different circumstances, they made a drawback of the assets deposited by the players; just like a draw bet, we know that there's only one winner in the game, so they don't make a draw bet which is in favor with the players only of course this is the gambling works.

Players will benefit from this scenario which usually happens in most games. It's a good thing that they would drawback the bettor's asset if ever the result is a draw. That simply adds another chance to bet and win. That's fair not just for the site but for players since we couldn't actually guess the possible result of the gameplay.

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Quote from: RILWAN on April 07, 2022, 04:47:08 AM

It is very simple to understand your bet gets returned when the game doesn't go in the way of your bet, let's say you choose club x to make 2 goals, and the game ended in a draw you have the privilege of getting your bet back.

You are only looking at the advantage side of draw no bet, you did not look at the disadvantage side.

For example, the odd of a win match is 1.8 for a home team while 2 for an away team. If it is draw no bet, the odd can be reduced to 1.2 for the home team while 1.25 for the away team.

What is the chance that if someone take draw no bet in three matches that the person will win the bet? All types taken are all risky because the lower the odd the lower the amount to win.

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Currently, the system of the gambling platforms nowadays are just having a win or lose scenario. If the game got void or cancelled because of different circumstances, they made a drawback of the assets deposited by the players; just like a draw bet, we know that there's only one winner in the game, so they don't make a draw bet which is in favour with the players only of course this is the gambling works.

ralle14

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Quote from: Jasad on April 07, 2022, 04:35:20 AM

Depending with match only have result win or loss? how about if have match like football maybe Primer League or Serie A when match result draw will our money refund or keep as loss. Several sportsbook have option with draw but if not take as match result draw will loss depending what match result we choose. I think still not found with sportsbook not given with draw match option and almost several sportsbook have option with draw, win or loss.

Like i've said it depends on the market you're taking, with 1x2 it's already obvious as there's a draw option which is also known as the X.

On the other hand, even if there's a draw option you can always avoid it by taking the Asian handicaps which have +0.5, +1.5, +2.5, and so on, or you can go with the draw no bet option as there are times when draw no bet markets have higher odds than the handicaps.

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Quote from: Woodie on April 01, 2022, 01:22:51 AM

Having played on several sportsbook platform's over the years both IRL and online, I have noticed that most of these bookies
today don't have the " draw no bet" market. What could be their reasons for not giving us this market? Could it be that it's a less money generating market for most sportsbooks out there?

It is very simple to understand your bet gets returned when the game doesn't go in the way of your bet, let's say you choose club x to make 2 goals, and the game ended in a draw you have the privilege of getting your bet back.

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Quote from: ralle14 on April 07, 2022, 02:40:08 AM

Quote from: Theones on April 04, 2022, 03:25:50 PM

But how do they decide if the match ends in a tie?

It's decided based on the rules of the sport or depending on the specific market as certain sports usually have outcomes that end on a draw like football, rugby, etc.

Sometimes they'll mention certain markets if overtime is included like this hockey market from Sportsbet.

Depending with match only have result win or loss? how about if have match like football maybe Primer League or Serie A when match result draw will our money refund or keep as loss. Several sportsbook have option with draw but if not take as match result draw will loss depending what match result we choose. I think still not found with sportsbook not given with draw match option and almost several sportsbook have option with draw, win or loss.

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Quote from: Jawhead999 on April 05, 2022, 08:08:39 AM

Quote from: Theones on April 04, 2022, 03:25:50 PM

But how do they decide if the match ends in a tie? Do they refund all the bet money?

Yep, that's why the name is draw no bet you wouldn't loss anything if the match ended in a tie. It's a good feature for low risk bettors, though I'm not really interested to bet in draw no bet. The odds is significantly reduced, so betting on low odds wouldn't profitable except you're a high roller. Only popular match who have draw no bet, because if the fight was on 1 side only, the odds will be 1.01... moreover you can't even bet since it's closed.

Draw no bet isn't the most choice of a gambler, even you are a low-risk taker, I don't think this would be in our mind, I certainly choose the team that I see will win. What I can see as a reason for this why it was removed from some sportsbooks is it wasn't needed anymore. Sportbooks denied this option for it couldn't help them, it never gives them profit.

Quote

Draw No Bet (DNB) reduces the number of outcomes in a 3-way market and increases your chances of winning. It achieves this by eliminating the draw outcome and canceling all bets that end in a tie.

https://www.bettingbilly.com/us/sports-betting/types/draw-no-bet/

ralle14

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Quote from: Theones on April 04, 2022, 03:25:50 PM

But how do they decide if the match ends in a tie?

It's decided based on the rules of the sport or depending on the specific market as certain sports usually have outcomes that end on a draw like football, rugby, etc.

Sometimes they'll mention certain markets if overtime is included like this hockey market from Sportsbet.

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Quote from: Theones on April 04, 2022, 03:25:50 PM

But how do they decide if the match ends in a tie? Do they refund all the bet money?

Yep, that's why the name is draw no bet you wouldn't loss anything if the match ended in a tie. It's a good feature for low risk bettors, though I'm not really interested to bet in draw no bet. The odds is significantly reduced, so betting on low odds wouldn't profitable except you're a high roller. Only popular match who have draw no bet, because if the fight was on 1 side only, the odds will be 1.01... moreover you can't even bet since it's closed.

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Not sure what outlets you’re using but most of the outlets/offshore casinos I’ve used in the past all allow for the draw no bet rule or system or whatever you want to call it. I thought this was pretty basic 101 stuff that everyone offered. I’ve definitely saved my self a lot of money by playing on casinos that offer this feature.

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Quote from: mm2543363580 on April 05, 2022, 06:38:13 AM

But what are the site owners decision when it ends in draw and they do not have option there?

If the site owners have no option for draw no bet, that means you won't have the opportunity to bet on it so the issue of the match ending at draw and what the owners will do will not come up because no bet on that was done in their site. If I understand that question the way that I have explained it.

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Quote from: Bitinity on April 04, 2022, 12:57:40 PM

I still can find it in most sportbooks that I know. Although I'm not playing sports betting much but I used to bet on Draw no bet in football matches. Perhaps the sportbook you use feel that this market has less traffic than other market so they decide to remove it for some matches.

It is the format of different websites. Maybe a new website would come up with no draw option and later they would bring that to the website.
Sometimes the business models changes with the passage of time. Not a big deal though. But what are the site owners decision when it ends in draw and they do not have option there?

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Quote from: Bitinity on April 04, 2022, 12:57:40 PM

I still can find it in most sportbooks that I know. Although I'm not playing sports betting much but I used to bet on Draw no bet in football matches. Perhaps the sportbook you use feel that this market has less traffic than other market so they decide to remove it for some matches.

This seems like a valid point too.
But how do they decide if the match ends in a tie? Do they refund all the bet money? I am interested in knowing more about this from an expert like yourself.

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Quote from: mm2543363580 on April 04, 2022, 10:10:23 AM

Quote from: Cryptmuster on April 04, 2022, 04:31:17 AM

Low odds will not give you any advantage, it is a losing strategy. Draw is a tough bet because it means you have to predict the outcome from three possible outcomes. I like it better when the probability of an outcome is limited to two outcomes, and a draw is unlikely, or completely excluded. It could be tennis, box, ufc or basketball.

Agreed low odd doesn't give any advantage and there is less excitement in that as well.
but many gambling site so give the option of draw. Every site has their rules but in general less sports have the options to draw. and most of the bets are made on football matches.

Both high and low odds have their own advantage and disadvantage. Low odds advantage is it is easier to win on them but the return is usually lower while high odds advantage is your win is going to be higher because your betting on higher multipliers but that is if you hit them easily because if not then you will be spending more hunting those multipliers. Playing on a really low odds can also be tricky sometimes.

I feel that they are more riskier than if I play on slightly higher odds. There is still an excitement playing with low odds because there are times that your predictions are not accurate but more excitement can be found when you play on higher odds.

Bitinity

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I still can find it in most sportbooks that I know. Although I'm not playing sports betting much but I used to bet on Draw no bet in football matches. Perhaps the sportbook you use feel that this market has less traffic than other market so they decide to remove it for some matches.

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Quote from: 7788bitcoin on April 02, 2022, 09:45:46 AM

Quote from: Woodie on April 01, 2022, 01:22:51 AM

Having played on several sportsbook platform's over the years both IRL and online, I have noticed that most of these bookies
today don't have the " draw no bet" market. What could be their reasons for not giving us this market? Could it be that it's a less money generating market for most sportsbooks out there?

Not sure which sportsbook you are using, all the major sportsbook allow draw no bet option and even in the cryptocurrency space, books like stake, sportsbet, cloudbet all allow draw no bet option or draw or a win for a particular team if you want to go for a much safer bet and all the major non cryptocurrency sportsbook like Betway, bet365 have these options as well.

I second with you there are many site which have draw and option. ALso bets are made on some of the very fast sports where draw is less option that is one of the option they have not included in it. Mostly people do not bet on cricket test matches - for them they are not much happening.

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Quote from: Cryptmuster on April 04, 2022, 04:31:17 AM

Quote from: Oshosondy on April 04, 2022, 03:02:25 AM

You did not understood me at all. I said going for a team to win, or draw have high odds, but the chance to win it is lower than comparing it to win or draw. But in this regard, the chance to make money is almost the same or as the bet odd is reducing, bettor will want to accumulate more which makes it more risky. I am not saying low odds is better than high odds or that you will make money if choosing low odds than high odds, gambling is even not like that for good gamblers. Accumulation is risky, people that go for low odds do accumulate.

Low odds will not give you any advantage, it is a losing strategy. Draw is a tough bet because it means you have to predict the outcome from three possible outcomes. I like it better when the probability of an outcome is limited to two outcomes, and a draw is unlikely, or completely excluded. It could be tennis, box, ufc or basketball.

Agreed low odd doesn't give any advantage and there is less excitement in that as well.
but many gambling site so give the option of draw. Every site has their rules but in general less sports have the options to draw. and most of the bets are made on football matches.

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Quote from: Oshosondy on April 04, 2022, 03:02:25 AM

You did not understood me at all. I said going for a team to win, or draw have high odds, but the chance to win it is lower than comparing it to win or draw. But in this regard, the chance to make money is almost the same or as the bet odd is reducing, bettor will want to accumulate more which makes it more risky. I am not saying low odds is better than high odds or that you will make money if choosing low odds than high odds, gambling is even not like that for good gamblers. Accumulation is risky, people that go for low odds do accumulate.

Low odds will not give you any advantage, it is a losing strategy. Draw is a tough bet because it means you have to predict the outcome from three possible outcomes. I like it better when the probability of an outcome is limited to two outcomes, and a draw is unlikely, or completely excluded. It could be tennis, box, ufc or basketball.

Topic: Why is the "Draw No Bet" not found on most sportsbook (Read 418 times)