Draw no bet - ARB 5%
I've been sent the following arb:
* Cordoba v Rayo Vallecano
* Football - Spain - Segunda Liga (Adelante) - Draw No Bet - 03/02/10 - 20:00 GMT
* 1 - 2.10 - PinnacleSports
* 2 - 2.10 - PaddyPower
* Guaranteed Return - 5.00%
This is a Draw No Bet arb.
You should make sure you are betting on the market that does not include the draw.
If the match ends as a draw both bookies will return your stake.
At PinnacleSports this is listed as a spread of 0 (this is another way of saying Draw No Bet).
1 - 2.08 - OlympicSports
1 - 2.06 - Betinternet
1 - 2.02 - Ladbrokes
Please could someone explain to my how I would go about placing an arb like this. As I am unsure what the terms of a draw no bet are.
Does it pay at those odds if the team you back wins, return your stake if its a draw and not pay out if its a lose? That is the impression I have at the moment.
I would be very grateful for help on this matter.
If you bet on a DNB market you will get your stake back at both bookies. Note that some bookies, like Interwetten, take a commission on refunding the stakes on AH0/PK0 markets.
It does pay at the odds listed, it returns your stake - the wagers are graded as a push - in case of a draw, and you will have one winning bet and one losing bet if you bet on both sides.
If you want you can also lay down a few £'s on the draw to cover that option as to guarantee a profit.
Ok that makes sense. So in the case of the above arb:
If I was to place bets on just both sides I would make a profit if either side won. However should a draw occur, stakes would be returned and I would break even?
Originally Posted by originalicedb
as it was a 5% arb you could secure profit by betting on the draw.
£1000 on side 1 @ 2.1
£1000 on side 2 @ 2.1
£20 on draw @ 3?
so £80 if either side won, or £40* if the draw.
That sort of thing.
A wise man told me don't argue with fools, cos people from a distance can't tell who is who ~ Jay Z
Well, £40 if it's a draw, but you get the idea. To equalise profits @ 3 on the draw it'd be £33.33 for £66.67 profit @ 3.28%.
Originally Posted by Super_Dash