Why is the "Draw No Bet" not found on most sportsbook - page 3.

tokeweed

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Quote from: Woodie on April 01, 2022, 02:22:51 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?

Draw no bet is exactly the same as +0 in the Asian handicap. Go check your bookie if it has it. Most likely it's there, and if not then it's prolly not worth betting anyway, esp if a match is so lopsided that the draw no bet option would be lined at 1.01 or something. Lol.

Anyway, I've been trying to be wrong in the IQ test. What would happen if my IQ goes to 0? I won't be able to post for the day?

Gozie51

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Quote from: dothebeats on April 01, 2022, 06:15:17 AM

Perhaps it's no longer profitable and beneficial to a bookie to have that line on their end.

This may be a possibility because everyone in business wants profit and when an option will allow a bettor to go free from risk that they want to incur, then they might decide not allow that be a waste of time. That option looks like an unserious commitment for a bettor. Betting with "draw no bet" means a certain club must win and if the club come out of the game with draw, then no bet is taken. So is either the team wins or lose , limiting the bet site from taking the profit when it is draw.

fiulpro

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Quote from: Woodie on April 01, 2022, 02:22:51 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?

Let's analyse this :

If we are doing the probability of winning, loosing or draw, that leaves us with 3 outcomes which does mean that probability of a person betting would eventually be 1/3 in any winning instance. Which does mean that the person would have more options but at the same time the probability of winning would be less.
PROBABILITY OF WINNING 1/3
When we talk about the draw no bet, the draw generally leaves the whole equation which does mean that 1/2 would be the probability of winning, meaning they will have less choices but higher probability of winning.
I do think that the sports book generally leave this out so that they do not have to deal with this and the whole event is also more beneficial for them.
PROBABILITY OF WINNING 1/2

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Quote from: dothebeats on April 01, 2022, 06:15:17 AM

This is a bet that usually benefits only the bettors and no huge deal for the bookmakers.

But the bettor can lose if he choose a team for draw no bet but the team failed, also if both teams played draw, the bettor will only be given back his money and no profit. The betting site will gain if the team choosen by bettor lost and the bettor will lose.

Quote from: dothebeats on April 01, 2022, 06:15:17 AM

Also, AFAIK these lines only appear on huge football matches, on huge tournaments only since the bookies can still make a huge profit on the said line.

It depends on the matches you count as huge matches, there are many league clubs that are not in first 10 or 20 in world ranking but having draw no bet. I understood you though, it should be included in big matches for sure.

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Quote from: Woodie on April 01, 2022, 02:22:51 AM

Could it be that it's a less money generating market for most sportsbooks out there?

This is the major reason IMO, economic situation are becoming tougher for most companies as inflation continues, the cost of running things are getting higher as well. If you have noticed, apart from the exclusion of "Draw no bet" from most sportsbook, there has been also a reduction in the number of incentives and giveaways by most companies and sportsbook as they have turned to their primary purpose of making profit to keep them in business.

Most sportsbook that still offer that option either have huge funding or still do so mainly to attract customers to their platform not necessarily with the intention to make money.

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For me, it's the opposite I can easily bet on Draw no Bet when I want but I usually avoid them unless i'm not that confident on the team i'm betting on. From my experience, the draw no bet markets are usually located on the bottom page of the sportsbooks or in the parts where you have to dig deeper. Another alternative would be to take the +0 handicap if your bookie offers a wide range of asian handicaps.

Quote from: Woodie on April 01, 2022, 02:22:51 AM

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?

Most likely this is the reason and it's why they prioritize the 3-way markets by putting them at the top of the page or at the front for most gamblers to see.

dothebeats

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This is a bet that usually benefits only the bettors and no huge deal for the bookmakers. Also, AFAIK these lines only appear on huge football matches, on huge tournaments only since the bookies can still make a huge profit on the said line. It's been months since I bet on a draw no bet line, and most of the time it's a win. Perhaps it's no longer profitable and beneficial to a bookie to have that line on their end.

Big bookies may still have that line, but those are probably not regular lines that bettors can place their bets on.

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Quote from: Woodie on April 01, 2022, 02:22:51 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?

This option create just two options for a bet, and it's more easy for the player win a bet in such condition, hence more bets to be payed by sportbook.
For what I have seen bigger bookmaker allow often this kind of bet for match with bigger teams/leagues.

Oshosondy

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I use to see draw no bet, which means if the team you choose to win either win, you will be credited as you win it, if the match is draw, your money will be given you back as you did not win or lose, but if the opponent wins, the bet is a lost one. The odd for win or draw is lower than draw no bet, but if the team draw in win or draw, the bettor still win. On the gambling site you are using, if you did not see draw no bet, better to go for win or draw which is very common.

Woodie

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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?

Topic: Why is the "Draw No Bet" not found on most sportsbook - page 3. (Read 368 times)