Draw No Bet (DNB) is a popular betting market offered by bookmakers, particularly in football (soccer) matches. It allows bettors to hedge their bets by covering the possibility of a match ending in a draw. Here’s how it works:
1. **Understanding the Market**: When you place a Draw No Bet, you are essentially making two separate conditional bets:
– One bet is on the team you think will win the match.
– The other is a conditional refund if the match ends in a draw.
2. **Placing the Bet**: You choose a match and decide which team you want to bet on. When you select the Draw No Bet option for that team, you are saying that you want to bet on that team to win, but with the added condition that if the match ends in a draw, your stake will be returned to you.
3. **Outcomes**:
– If your chosen team wins the match, you win the bet and receive the odds multiplied by your stake.
– If the match ends in a draw, your stake is returned to you, and you neither win nor lose money on that bet.
– If the team you bet on loses the match, you lose your stake.
4. **Calculating Returns**: If you win the bet, the returns are calculated by multiplying your stake by the decimal odds offered for the win, minus the original stake. If the match is a draw, you get your stake back, and if your team loses, you receive nothing.
For example, let’s say you place a $100 bet on Team A to win at odds of 2.0 (decimal) in a Draw No Bet market:
– If Team A wins, you receive $100 (your stake) + $100 (your winnings), for a total of $200.
– If the match ends in a draw, you get your $100 stake back.
– If Team A loses, you lose your $100 stake.
The Draw No Bet market is popular because it reduces the risk of losing your stake to some extent, as you only lose your money if your team loses the match. However, the trade-off is that the odds for winning are typically lower than if you were to bet on the team to win without the draw condition. This is because the bookmaker is effectively giving you insurance against the draw outcome.