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Explanation of Saver Bets / Draw No Bet: To be used for betting events with 3 possible outcomes (designed for football). The most frequent bet is a football draw saver (also known as a draw no bet) where you back one team to win, with a saver on the draw. A draw result returns your total combined stake only (ie no profit), a win returns a profit. Instructions: Key the odds (decimal or fraction) for all three selections, then select the outcome you want to back and the one you want a saver on. Change the overall stakes according to your required outlay, this will change the individual stakes, return and profit, but will not affect the individual overall odds. The comments are there to allow you to specify the actual selections, for ease of use when placing your bets. The relative returns from backing both selections for equal profit (or laying the unfavoured selection on a betting exchange) are also shown for comparison. Example Calculation: (If not shown above then reset here). You want to back Chelsea to win or draw against Everton. At the odds shown for a stake of £10 a win would return £19, a £9 profit. But to cover yourself against loss in the case of a draw result, you stake £7.01 on the win and £2.99 on the draw. A win will still leave you in profit (by £3.33), but more importantly if the match finishes a draw you still get back your combined stake £10. Also shown is the return from backing the win and draw for equal profit. In this case £6.38 on the win and £3.62 on the draw means either result will return £2.12 profit. At the odds given here you would actually make more money laying Everton for £2.67, and at less risk. This is not always the case. |
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