Is draw no bet the same as double chance? action

Is Draw No Bet The Same As Double Chance?

By Dan Tracey - Oct 2nd 2022

If you have ever asked yourself the question, draw no bet same as double chance? The answer is no and although the principles are largely the same, there is actually an element of difference to the two bets.

Because with the win draw win market allowing punters three separate options – home win, draw or away win, the draw no bet and double chances options offer the ability to narrow a trio of potential choices into two.

While in doing so, it can either add an element of value to your selection or reinforce your initial hunch before a game gets underway and as always, the best way to explain their workings is with a set of odds to refer to.

1. A Look At The Odds

Let’s take a Premier League clash between Liverpool and Brighton. If we were to look at this from a win draw win point of view, a bookmaker may set it up as follows:

Liverpool 1/3
Draw 17/4
Brighton 8/1

Anfield, Liverpool’s Famous Home

As you can see, those compiling the odds have got a rather large hunch that Jurgen Klopp’s men are going to come out on top and with Brighton being priced at 8/1, only the most ardent Seagulls fan would be tempted to put their money where their mouth is.

However, the picture will change considerably when looking at the draw no bet market and for those who are unsure what this is, it is a bet that takes the stalemate out of the equation. For you to win your bet, there simply has to be a winner.

If we were to take a look at the odds in this market, the picture is a lot different:

Liverpool 1/9
Brighton 11/2

As you can see both team’s prices have shortened and the reason for this is because the draw has been taken out of the equation. If Liverpool and Brighton were to play out a 1-1 draw at Anfield and you backed a home win, your stake would be returned.

While if you were a somewhat optimistic Brighton supporter who fancied a shock on Merseyside and the Seagulls came up trumps, a £10 stake would subsequently return £65 by the sound of the full-time whistle.

Of course, an ardent Brighton supporter could have also backed Brighton to win at odds of 8/1 in the win draw win market. However, if the game ended in a stalemate, the bet would be classed as a losing one.

In making the same backing of Brighton in the draw no bet market, the odds may have shortened but the threat of a stalemate has been removed. While in doing so, it has attached an extra element of security to the bet.

2. Take A Double Chance

Of course, we should not overlook the double chance market and whereas before the choice was as simple as picking one team to win against the other, here we are combining two of the three win draw win market options together. In doing so, it gives us a double chance.

Once again, we will shine further light on this with some example odds

Liverpool or Draw 1/14
Draw or Brighton 9/4
Liverpool or Brighton 1/6

A Goal For The Away Team Could Make All The Difference

Like the win/draw/win market, there are three different options to choose from. However, the options offer two outcomes each and this is where you can either make a much safer bet or sniff out some decent value.

As you can see Liverpool’s odds have shortened even further and after being 1/3 to win in 90 minutes, they have gone to 1/6 with the draw being removed from the equation to 1/14 for them to at least avoid defeat at home.

A bet that can be considered as safe as you like and with Jurgen Klopp’s men turning Anfield into something of a fortress, this could be seen as the ideal to boost your bankroll. Although we may need to add more weight to the word could.

Because with Brighton being priced at odds of 9/4 to avoid defeat at Anfield, this could be construed as something of a value bet. Especially as the South Coast outfit are more than capable of holding their own against the biggest clubs in the Premier League.

With their odds going from 8/1 to win away from home, to 11/2 when you take the draw out of the equation and 9/4 for them to earn at least a point on the road, the latter of these three options seems a much smarter choice.

In addition to this, you could even just bet on their being a winner at Anfield. It does not matter who comes out on top and as long as Liverpool or Brighton avoid a draw with each other, odds of 1/6 will be converted into a winning bet.

Picking Any Winner Is Sometimes The Right Option.

3. Conclusion

In conclusion the draw no bet and double chances have an element of similarities and with them both offering you more security at the expense of lesser odds, these markets can offer be utilised when it comes to long-term profitability.

Like any system it pays to do your research first and for those who put the time in beforehand, smarter and safer choices in the draw no bet or double chances will offer less potential pitfalls than the win draw win market.

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