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

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

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.

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

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.

Cling18

full member

Activity: 1708

Merit: 126

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.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

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.

Peanutswar

legendary

Activity: 1708

Merit: 1280

Top Crypto Casino

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

legendary

Activity: 3374

Merit: 1922

Shuffle.com

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.

RILWAN

member

Activity: 742

Merit: 12

Global peace initiative

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.

Jasad

legendary

Activity: 1414

Merit: 1002

= jasad =

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.

Kelvinid

sr. member

Activity: 2828

Merit: 344

win lambo...

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

legendary

Activity: 3374

Merit: 1922

Shuffle.com

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.

Jawhead999

legendary

Activity: 1834

Merit: 1208

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.

ChiBitCTy

legendary

Activity: 2282

Merit: 3014

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.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

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.

mm2543363580

full member

Activity: 952

Merit: 105

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?

Theones

full member

Activity: 1204

Merit: 110

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.

TheGreatPython

sr. member

Activity: 2660

Merit: 339

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

legendary

Activity: 3066

Merit: 1312

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.

og kush420

full member

Activity: 1050

Merit: 110

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.

mm2543363580

full member

Activity: 952

Merit: 105

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.

Cryptmuster

legendary

Activity: 1904

Merit: 1176

Glory To Ukraine! Glory to the heroes!

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.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Quote from: Gozie51 on April 02, 2022, 05:33:16 PM

As far as gambling and betting is concerned, it is luck . It doesn't mean that a small odd bet can lead the bettor to win. Sometimes very big odds get to win against smaller odd but when you rely on small odd to win they end up losing the game. Sometimes it is better with big odds so that when they win you see the effect on your account.

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.

Bttzed03

legendary

Activity: 2114

Merit: 1150

https://bitcoincleanup.com/

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.

If this includes crypto sportsbooks, would you mind telling us these platforms? From my experience, the option is always available. Sometimes it's not as visible as I would like and takes a few more clicks/searches to see them. It's one of my favorite line to bet on when I was actively gambling on Premier league and La Liga.

mu_enrico

copper member

Activity: 2324

Merit: 2142

Slots Enthusiast & Expert

BK8 has it. It's beneficial to the bettor IMO since it will be easier to predict when the option is only win/lose, but the downside is the win multiplier is lower.
Why it's rarely found? Maybe because the casino doesn't want the hassle of returning the bet and probably it affects profitability and incentive system of the casino.

Mauser

hero member

Activity: 1974

Merit: 534

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?

Showing bets and odds without draws make it look easier for the bettor. You have only two options, either you bet on your team winning or your team losing. Enabling draw bets is for more sophisticated gamblers, but also a big income for the bookmakers. I read in an article that people tend to undervalue draws and overvalue wins and losses. So maybe bookmakers can increase that misconception even more if draws odds are not shown. In the end it's all about profitability. They must have the data which making more money, with or without the no draw bet.

Maus0728

legendary

Activity: 1904

Merit: 1563

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?

IMO companies and bookies tend to not have it as it will just degrade their platform/system. Many bettors tend to just bet on wins and loss as the probability of having a DRAW in a match is very little. Plus, there are very less bettors to just think that the game would be a draw and it is only happening in football matches. Hence, if this will be implemented, it should only be on such game and not on all of the games supported by gambling platforms in their sports book.

Gozie51

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

Quote from: Oshosondy on April 02, 2022, 02:59:30 AM

I like the second you said about draw no bet 'that they come with small odds'. The smaller the odds the more chance to win, but the more someone play, the more someone have chance to lose huge amount of money. Draw no bet has no advantage than a means betting sites are earning more from bettors because if you have gone for win only, the odd will be more, if you won at ones, you get higher amount of profit, but if it is draw no bet, you can win 2 times and later lose one time which is sufficient enough to make someone lose than gain, though all types are risky but I prefer going for win.

As far as gambling and betting is concerned, it is luck . It doesn't mean that a small odd bet can lead the bettor to win. Sometimes very big odds get to win against smaller odd but when you rely on small odd to win they end up losing the game. Sometimes it is better with big odds so that when they win you see the effect on your account.

Johnyz

full member

Activity: 2086

Merit: 193

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’ve see this option as well on top crypto site maybe he’s referring to a fiat online casino because this option is available in crypto gambling site not on all site but at least on most of the reputable site in crypto space. This option prefers by some gamblers since it saves them from losing the money easily.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: Coin_trader on April 02, 2022, 10:19:32 AM

Simply less profitable on Casino side. Football usually have a three way result so bettors will have 33.33% chance to win if there is no draw no bet feature which is the common edge of the bookies due to the increasing demand of football bets. No one complaining about it while Casino is in advantage on 3 way bets so bookmaker remove it and will introduce if there will be a demand for this kind of bet. The last time I saw this option is on cloudbet and directbet last 5 to 6 years ago. I’m not familiar anymore on the typical bet option of other Casino but maybe there still Sportsbook out there offering this bet option.

@7788Bitcoin, Sportsbet don’t have this option anymore.

But the bookmaker's margin is always about the same (between 4 and 6 percent) no matter how many outcomes the event has. What is the point for bookmakers to remove this type of bet if the final result does not change in any way, and those players who love such bets but did not find them in their "usual" bookmaker will go to a competitor?

Coin_trader

copper member

Activity: 2800

Merit: 1179

Leading Crypto Sports Betting & Casino Platform

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?

Simply less profitable on Casino side. Football usually have a three way result so bettors will have 33.33% chance to win if there is no draw no bet feature which is the common edge of the bookies due to the increasing demand of football bets. No one complaining about it while Casino is in advantage on 3 way bets so bookmaker remove it and will introduce if there will be a demand for this kind of bet. The last time I saw this option is on cloudbet and directbet last 5 to 6 years ago. I’m not familiar anymore on the typical bet option of other Casino but maybe there still Sportsbook out there offering this bet option.

@7788Bitcoin, Sportsbet don’t have this option anymore.

7788bitcoin

legendary

Activity: 2282

Merit: 1023

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.

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Quote from: dothebeats on April 01, 2022, 11:33:01 AM

It gives the bettor safer options than the bookmaker making money off of the bettor's choice, so it is, IMO, a line that is rarely a priority for the bookmaker to place in their platform. Compared to moneyline bets, draw no bet is more flexible in terms of profit in favor of the bettor, and not so much for the bookie. It has its drawbacks though, as it usually has odds that are just not worth it, but since it has a 'draw' mechanic in the bet, you will still take the risk and bet on it since in the event of a draw, you will still get your money back like nothing happened.

I like the second you said about draw no bet 'that they come with small odds'. The smaller the odds the more chance to win, but the more someone play, the more someone have chance to lose huge amount of money. Draw no bet has no advantage than a means betting sites are earning more from bettors because if you have gone for win only, the odd will be more, if you won at ones, you get higher amount of profit, but if it is draw no bet, you can win 2 times and later lose one time which is sufficient enough to make someone lose than gain, though all types are risky but I prefer going for win.

Fortify

legendary

Activity: 2688

Merit: 1192

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?

If you look at it from another perspective - bookmakers are out here trying to make money, just like gamblers and this bet distorts the odds . There are so many games that end in a draw that it does not make sense for a bookmaker to offer this and it's amazing that they ever allowed it in the first place. It gives players an extra "out" opportunity that will have been taken advantage of by eagle eyed arbitrage betting and will make it harder to gauge the correct odds. It's much easier for them to offer straight bets with either a win or lose outcome, because even though the proportion of bets is likely to be small - it's just handing money back to the players without any costs being covered on the sports book side.

Trofo

legendary

Activity: 2646

Merit: 2691

Join the world-leading crypto sportsbook NOW!

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?

If they don't have draw no bet, they almost always have Asian handicaps and that comes to the same thing. Just play Asian handicap 0 and that is it. I don't think I played in a bookie without that option in last couple of years.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

DuelBits and Stake mostly offers Draw no Bet selection on main games, you should go check alternative bookies for specific bet type. Checking odds comparison websites can help too for finding which websites offer best odds. Btw, Asian odds (0) is the same bet as draw no bet, you will get refunded if match ends draw. Checking the popular matches before it starts may help you finding which websites offer this type of selection and you can start digging the best on out of options, IMHO.

ajochems

hero member

Activity: 1305

Merit: 511

It's good option to escape from the loss.Usually in a bet, if you win.You will get won money from bookies.Incase you had loss, you may have to pay lost money.Its leads to your loss.Incase, the option of Draw No bet in your using gambling sportsbook.Then you are lucky, you also get back the money.Incase the game was on draw site.Unfortunately this option was not available in all the sportsbook.

magneto

hero member

Activity: 1666

Merit: 753

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?

I guess it's just not as popular.

People like the fact that they can bet on the draw outcome, since it can often pay out quite well.

Having a draw no bet system basically means that you eliminate that option of people benefiting from a draw. Also, not a lot of gamblers are willing to wait the time it takes to rebet if it ended up being a draw.

Doell

hero member

Activity: 2156

Merit: 531

Gambling in the safest way is "Draw no bet", Tokeweed is right this is the same as Asian handicap. As far as I know most of the sites i've come across have a "Draw no bet" option depending on the game too, Stake and more, I wonder which gambling site @OP you bet on. I always choose a sportsbook gambling site that has many options for betting, it will provide experience and an opportunity to win.

uneng

hero member

Activity: 2044

Merit: 784

Leading Crypto Sports Betting & Casino Platform

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?

Every customizable option which may end returning money to bettors after a bet outcome, isn't interesting for casinos. That could be probably the reason why you don't see this feature too often.

Anyway, it's a matter of what gamblers demand from a gambling platform: if a considerable portion of gamblers start asking for "draw no bet" feature, one casino or another attempting to get more recognization on the industry will introduce this and then there are some chances more casinos will follow the same trend, aiming the public who is looking for the mentioned feature above.

KTChampions

legendary

Activity: 2478

Merit: 1951

Leading Crypto Sports Betting & Casino Platform

Quote from: dothebeats on April 01, 2022, 05:15:17 AM

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.

I would like to know how this bet is beneficial for the better but not for the bookmaker Roll Eyes

In terms of mathematics, they are completely equivalent to Win 1 - Draw - Win 2 bets when the player divides his bet by two and, depending on the odds, bets on Win 1 - Draw or Win 2 - Draw. Therefore, the better can make such a bet even if it is not in the line.

dothebeats

legendary

Activity: 3542

Merit: 1352

Cashback 15%

Quote from: Oshosondy on April 01, 2022, 08:02:23 AM

Quote from: dothebeats on April 01, 2022, 05:15:17 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.

It gives the bettor safer options than the bookmaker making money off of the bettor's choice, so it is, IMO, a line that is rarely a priority for the bookmaker to place in their platform. Compared to moneyline bets, draw no bet is more flexible in terms of profit in favor of the bettor, and not so much for the bookie. It has its drawbacks though, as it usually has odds that are just not worth it, but since it has a 'draw' mechanic in the bet, you will still take the risk and bet on it since in the event of a draw, you will still get your money back like nothing happened.

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

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?

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

hero member

Activity: 2660

Merit: 630

Vave.com - Crypto Casino

Quote from: dothebeats on April 01, 2022, 05:15:17 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

hero member

Activity: 1890

Merit: 831

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?

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

Oshosondy

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

Quote from: dothebeats on April 01, 2022, 05:15:17 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, 05:15:17 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.

Rruchi man

legendary

Activity: 1456

Merit: 1108

Top-tier crypto casino and sportsbook

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

ralle14

legendary

Activity: 3374

Merit: 1922

Shuffle.com

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, 01:22:51 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

legendary

Activity: 3542

Merit: 1352

Cashback 15%

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.

bitbollo

legendary

Activity: 3276

Merit: 3537

Nec Recisa Recedit

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?

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

legendary

Activity: 1624

Merit: 1200

Gamble responsibly

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

hero member

Activity: 1834

Merit: 879

Rollbit.com ⚔️Crypto Futures

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 (Read 401 times)