Tie no bet meaning in sports betting: when and how to use it
Contents:
- Tie no bet meaning: a simple explanation for beginners
- What does tie no bet mean in betting markets?
- How it works in different sports
- Tie No Bet in Soccer (Football)
- Tie No Bet in Hockey Betting
- Other Sports (Baseball, Tennis, MMA)
- Tie no bet vs moneyline: key differences
- When should you use a draw no bet strategy?
- Advantages and disadvantages
- Advantages
- Disadvantages
- FAQs
- Is draw no bet the same as tie no bet?
- What happens if the game ends in a draw?
- Why are draw no bet odds lower?
- Does overtime count in tie no bet bets?
- Is tie no bet available in all sports?
There are several ways to explain the Tie No Bet, but essentially, this is a bet option used in cases where the player does not like the odds of the game or any of the other options available. The theory behind the Tie No Bet is based on the fact that the odds of the game are slightly lower than the sum of the odds of the other two options.
If you are looking to gain an edge when it comes to your sports betting, then you will need to learn about the tie no bet meaning in sports betting and when to use it. While standard moneylines are the most popular option for wagers, there are a number of secondary markets that you can utilise in order to secure and reduce risk on a variety of wagers. The tie no bet, also known as the draw no bet, is a betting margin used in match betting that provides some form of protection for particular types of matches. There are so many games and matches that are played out in which neither of the competing sides can truly be said to be in the lead.
Tie no bet meaning: a simple explanation for beginners
A Tie No Bet is a market in which a punter is specifically betting on one team to win. Should that team win, the stake is settled at the prices laid. Should that team lose, then the stake is lost. In the event of a draw, the stake is returned to the punter.
A push in the context of sports betting refers to the refund given to a bettor in the event of a tie. With a standard 3-way moneyline bet, a tie would result in a loss of the bet. Tie no bet reverses the losing option to a tie. As we know, draws are quite common in sports such as football and cricket. This betting market is therefore one of the safer markets to participate in.
What does tie no bet mean in betting markets?
A Tie No Bet option in a standard market allows the customer to remove the risk of a draw from a standard 3-way win market (Win A, Win B, Tie). In a standard 3-way market each bet and corresponding stake is at risk of losing in the event of a tie. The risk to the bookmaker is therefore increased and as such the odds for a Tie No Bet option are typically slightly lower than for a standard 3-way moneyline bet.
This market is not a “Double Chance” market. In a “Double Chance” market a draw leads to a win. In “tie no bet” a draw leads to a refund of the stake. If a “tie no bet” is included in a parlay and the match ends in a draw, the leg is considered as “no action” and is eliminated from the parlay. The overall payout odds are then recalculated.
See also: What does Spread mean in Betting?
How it works in different sports
It’s very important to understand the tie no bet rules of the sportsbook you are dealing with for each of the sports as you will not want to make large wagers in markets where the rules are not favourable.
Tie No Bet in Soccer (Football)
Tie no bet is probably the most popular bet type that we have, largely because of the frequency of draws in football, which tend to occur around 25% of the time. Tie no bet is by far and away the most common alternative to a Draw No Bet market in all of the sportsbooks we monitor, and is often presented as the market choice by default.
A soccer tie no bet bet is a bet on the match result of the regular time (main time: 90 minutes including any added injury time). Extra time and penalties in tournaments do not enter into account. In the case of a team being bet to win and they end up in a draw in the main time of the match, the bet will be cancelled and the stake will be returned to the customer.
Example
Here at SBR we have a draw no bet example using the Fulham vs Everton match. The draw no bet price for this match is listed as Fulham at a +110 price. In a 90 minute draw no bet market, if Fulham wins the 90 minute match, the bet is considered a winner. If the 90 minute match is a draw, the bet is a push and the wager is refunded. If Everton wins the 90 minute match, the bet is considered a loser.
Tie No Bet in Hockey Betting
Tie no bet is a very common market for hockey. It works in the same way as soccer. You are paid out if your team wins in the normal 60 minutes.
If the game goes into overtime or a shootout, and the score is tied after standard regulation time (3 periods), all losing bets will be void and the stake will be returned to the player. A match is a lost bet for us if one of the selected teams lose before the end of standard regulation time (3 periods).
Example
New Bet Pays Out If Rangers Win In Regulation: If you wager on the Rangers to beat the Islanders, you will get a payout if they win in regulation. If the teams are tied after three periods of play and it goes to overtime, the wager will be a push and your money will be refunded.
Other Sports (Baseball, Tennis, MMA)
It’s pretty rare to see a tie no bet option in basketball and baseball but there are so few ties that the effect is minuscule.
This market will not be offered where a tie is not deemed valid or possible. Typically this will be in sports where the concept of a tie is ambiguous or impossible. An example of this would be singles tennis, where it is impossible to end a match with a tie, as it is a singles competition and a draw is not possible over the best two or three out of three sets format. A draw may be declared in an MMA fight in the case of a majority decision, but this is rare and so is not a reason to consider this market a priority. The NFL 2-way moneylines already ‘push’ in the event of a tie.
Tie no bet vs moneyline: key differences
It is important to take care when managing your bankroll, and knowing the difference between a tie no bet and moneyline can make a big difference. The table below shows the variations.
| Aspect | Tie No Bet (TNB) | 3-Way Moneyline | Standard 2-Way Moneyline |
| Outcomes | Win (Payout), Loss, Push (Refund) | Win, Loss, Tie (all decisive) | Win, Loss (Push on Tie) |
| Tie Result | Stake refunded in full | Bet loses (unless you bet the Tie) | Stake refunded in full |
| Odds/Payout | Lower (safer bet) | Higher (riskier bet) | Standard baseline odds |
Moneyline odds are the probability that one team will win an event. Payouts are based on the winning team’s moneyline odds at the time of wager. The payout for the favourite is less than for the underdog. Point Spread odds are the probability that one team will cover the spread.
The Tie No Bet is good in case you just want to back a team, but there’s a possibility of a draw. The 3-way moneyline is good in case you are highly confident of winning the match and you would like to get the highest possible winning margin.
When should you use a draw no bet strategy?
You should implement a draw no bet strategy in the following scenarios:
- Back the Underdog and play the Draw as insurance in case the underdog wins but the score is very low and ends in a draw.
- Basketball tip for Monday: We think that the majority of games between closely matched teams will see a tie occur, but especially when two teams with some of the best defences in the league meet.
- Protecting Parlays: A play that is used to anchor a parlay with a safer leg on a match where you just want the game to end in a draw rather than lose your entire ticket if the match is level at the end.
Important – DO NOT USE THIS STRATEGY ON FAVOURITES. The drop in odds is too significant, and using this system on favourites will almost certainly lead to financial losses.
Advantages and disadvantages
Just like any other wager at a sportsbook, the tie no bet market has its pros and cons.
Advantages
- Risk Mitigation: This is for protecting your bankroll from the painful loss associated with the late equaliser in soccer and hockey. Applying the underdog principle Key Element of the Underdog Value System: The purpose of this approach is to allow the risk taker to back underdogs with some degree of protection for their wager.
- A Binary Market: It is a relatively straightforward market to trade. It does not require an understanding of how handicap markets work, nor the calculation involved in assessing the likelihood of a winner in a handicap race.
Disadvantages
- Lower Payouts: The sportsbook pays out less to winning wagers as a result of eliminating the possibility of a tie.
- Capital Tie-Up: A push in a parlay means that you locked up your entire bet for the entire event and do not receive a payout. The potential winnings from your parlay are recalculated with the remaining legs.
FAQs
Is draw no bet the same as tie no bet?
Yes, draw no bet and tie no bet are the same thing and that is what the bookmakers call each other. In European football the expression is draw no bet, and in North America it is called tie no bet.
What happens if the game ends in a draw?
In the event of a tie, or “push”, all stakes are returned. For multi-leg parlays, in the event of a draw (tie) for any leg, that leg will be considered void and the parlays will be re-evaluated with the new odds.
Why are draw no bet odds lower?
Why is it that the draw no bet (DNB) prices are usually lower? Well it’s basically because the bookies are protecting themselves from having to pay out on draws. With a bet on the winner of a match, there are 3 ways that you can lose – your chosen winner may not win, your chosen winner may win but the other team scores, or the match may end up in a draw. The bookies pay out on the last two of these events, and are therefore built in losers. When you remove the draw as a possible losing outcome for yourself, the DNB price should be lower.
Does overtime count in tie no bet bets?
No, overtime is not included. Tie no bet bets are settled on the basis of the regulation 90 minutes and 60 minutes play.
- Soccer – Full time (90 minutes plus stoppage time)
- Hockey – Full time (60 minutes)
Extra time, overtimes or penalty shootouts are not included.
Is tie no bet available in all sports?
No. Tie no bet: An odds wager that is no action in the event of a tie. This is usually applicable to sports such as soccer and hockey, where ties are part of the game. It is not applicable to sports where the game cannot end in a tie, such as tennis, nor to standard 2-way moneylines on sports such as the NFL.
