Draw No Bet Definition
“Draw no bet” is commonly used when betting on sporting events. If a punter backs a team in the Draw no bet market, his bet will win if his team emerge victorious, while the full stake will be refunded in case of a draw. The bet loses if the backed team lose the game in question.Example
Swansea play host to title chasing Tottenham Hotspur and you decide to place a £25 bet on Spurs Draw no bet. The game ends 1-1, and while your bet is not a winning one, you get the full £25 stake refunded. Had you simply bet on away win, you would have lost the entire stake.