Draw No Bet Definition
"Draw no bet" is a type of bet in which you will receive your wager back if the game ends in a draw.
Let's take a look at real odds from an under 20 football contest between Portugal and Cuba:
So, if you bet on Portugal, for instance, and the game ends in a draw, you will lose your bet.
However, "draw no bet" odds are also offered for this game, and they look like this:
So, in this case, if you bet on Portugal and the game ended in a draw, you would receive your wager back.
Due to the exclusion of a draw as a possible result, the odds for both teams are slightly worse.
So, in the case of Portugal, the regular odds for them to win would be 1.12. However, if you wanted to put down a "draw no bet" on Portugal, the odds would drop to 1.01.
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