It’s fair to say there can be nothing more frustrating when betting on football than backing a team at a big price you fancy to do well, only to see them pegged back by a late equaliser.
After all, it can be the difference sometimes between losing the bet entirely or a 10/1 winner, with no middle-ground for ‘nearly being right’. Imagine being a punter with a 12/1 bet on West Brom to beat Chelsea a few weeks back – that sickener of a last-min dubious penalty for the home team will have cost you big time!
It’s a similar concept to that of last week where I tackled the age-old racing question of each-way or win only bets. The good news is just like as racing punters we can hedge our bets and go each-way, so too can we with football betting thanks to the Draw No Bets markets, which when done right, can actually be quite lucrative.
Sometimes they can even be more profitable than simply betting to win as I will detail shortly, but first of all a quick explanation about these markets for those unfamiliar…
Pick Up Some Draw Cover
The Draw No Bet concept is quite simple – you are backing one team to win the game, but in the case of a draw, you will get your stake back. It’s effectively ‘draw cover’ and can easily be found using odds comparison sites like Odds-Portal (click here to see an example from the Liverpool – West Ham game tomorrow).
Just to confuse matters, it is also the same bet as what is termed a 0 Asian Handicap by some bookies as well. It doesn’t matter which name you give it, it’s the same concept and should the game end in a draw, you get your stake back. My advice is to check the odds offered in both markets and take the best price.
You can get some really good odds in the Draw No Bet market and often not much lower than by simply backing a team to win the game outright.
Taking the Liverpool – West Ham game tomorrow as a good example, where you can back the Hammers to win the game at a best priced 12.05 with Pinnacle Sports at the current time of writing. Looking to the Draw No Bet market, you can also still get good value as Bet Victor are offering odds of 9.50.
12.05 to win or 9.50 for the same bet but with draw cover? There is not a huge difference in the odds and often it can pay to go with the latter as these next stats reveal.
Draw No Bet More Profitable Than Other Methods
All season long we have been tracking the performance of those bets, which are ‘value qualifiers’ for our in-form Fink Tank System (download your updated free copy of it here).
So far this season across all 4 English Leagues if you follow the system without any filters, there would have been 1390 bets in the first 3 and 1/2 months of the year. (Admittedly that is a lot of bets but you can easily cut this down with some suggested filters described in the free download if needs be).
If backing all of these bets win only you would have made a £971 profit to £10 stakes, but if following the same tips as ‘Draw No Bets’ your return would actually be £1,049 (£68 higher).
As the above table reveals, this is down to a higher strike-rate of 34.67% compared to 29.85%, whereby the extra 4.82% comes from those bets where the draw cover has helped.
The extra profit is also revealed by the higher Return on Investment at 7.54% compared to 6.98% so whichever way you look at it this season, it has really helped!
When you factor in the relief that comes when a big priced bet is scuppered by the draw, it can also help such as in the Chelsea – West Brom game, which I actually gave out as a Draw No Bet to followers of our Facebook Fink Tank tips. I can’t tell you how relieved I was to have the draw cover on that day!!
So next time you fancy a team at a big price, make sure you check out the Draw No Bet odds – it could save you a whole load of heartache!
Download Your Updated Fink Tank Guide
As outlined above, our free Fink Tank System has just been updated to include results for the current season and you can download the latest copy FREE now here.
If you enjoy this free system, you can find more on the Fink Tank (including 6 more Advanced ways to follow it) plus much more besides as a Smart Betting Club subscriber.