Thus, a draw is a possible outcome to bet on even in a game where one team must be eliminated. An example of what a 3-way moneyline would look like is:. The two possible wagers are:. For example, in a World Cup match between France and Switzerland, odds on the 2-way moneyline would like look:. Similar to betting the 2-way moneyline without the draw , the Goal Line is a way for bettors to win a bet on multiple outcomes of the game.
A Goal Line is typically 0. A World Cup match between Argentina and Iran looks like this:. If you bet Argentina Totals in soccer work differently than other sports and can be shown in multiples of. Since scoring is minimal in soccer, bookmakers will often times set a Total of 2. How does one go about planning a draw strategy and is it even worth looking at? You may be surprised to learn that pro sports bettors , as well as those that have been betting on sports such as soccer, basketball and other sports where a tie result is possible, use a draw strategy with a measure of success.
Our quick guide to using the draw strategy will help you to determine if this useful betting option will work for you. In other words, if you think that Team A 1 will not beat Team B 2 , but that the game will end in either no goals scored or equal goals scored , selecting the X will allow you to take that bet. However, in order to be able to use the draw strategy effectively , you will need to be prepared to do a lot of homework.
Selecting the draw bet as an option is not some that you should do lightly or randomly. Even if you have decided to play the Double Chance betting option, where selecting a team plus the draw result is an option, you still need to know as much as you can about both teams. There are two draw bet options that are available to you as a sports bettor. The second, is the Draw No Bet , which is actually more of a betting strategy and not so much a betting type per se.
The main idea behind the draw no bet strategy is to place a bet on either the favourite or the underdog to win, and then place a second bet on the draw option. If the game ended in a draw, you would recover your losses immediately. Using the draw no bet strategy is ideal if you know that one of the teams that are playing in the match, are known to switch to a defensive position after scoring a goal.
Quite often what happens is that the other team will invariably score an equaliser goal. Since you bet on the team that initially scored the goal to win, you are now faced with the very likely possibility of a draw result by full time. The draw strategy acts as a kind of insurance, allowing you to take full advantage of great 3-way betting odds at your betting provider. Do betting strategies work?
Seasoned bettors know that by making use of tried and tested betting strategies, they are able to significantly increase their profit probability. In this guide we explain what these strategies are, which strategies best fit specific scenarios, and which factors you need This quick guide aims to highlight key strategies which can be applied to various popular sports inc Play Here. Draw Strategy Quick-Facts There are numerous draw bet options available. Betting on the draw option can come with very good odds.
Many sports feature the possibility of a draw. Draw betting options are also available in live betting format.
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How to play win lose or draw at home? In online soccer betting, it is possible to place wagers on any bets that the bookmakers set the odds for. Hence in order to play a win-draw-win bet, the punters have to first register with a good bookmaker.
This choice has to be done in a very calculated manner by keeping in mind important factors like: Financial stability of the bookmaker, The years of business experience it has in setting odds for bets placed in soccer betting like the windrawwin bet, The payment options that the bookmaker offers to its punters, The bonuses, discounts and offers that it currently has, The time for the payout in the instance of a win, irrespective of whether it is big or small, Whether the communication is easily maintained between the bookmaker and the punter, The website of the bookmaker should be extremely informative, No unnecessary terms and conditions should be forcefully placed on the punters, Odds set again the bets should be in sync with what is being offered in the markets etc.
All this exercise needs to be carried out since the win draw win is one of the simplest and most popular bets that can be placed. The chances of winning the same are also very high and hence bookmakers with a good payment history need to be chosen. After the bookmaker has been chosen, the punters have to select the bet and place a stake on the internet itself, right from the comfort of their homes. What does a win draw win mean in betting? Soccer betting is characterized by a very nice and easy to understand bet known as the windrawwin predictions.
This bet enables the punter to choose the final outcome of the game; this is again a very easy task since simple statistical analysis will enable punters to know what the outcome would be in their personal lives. Tipster websites, by virtue of being the storehouse of soccer betting information and statistical data, help punters with accurate and authentic soccer betting tips. In order to get value for money after investing time, money or both on tipster websites, the choice of the same needs to be intelligently done.
What does win draw win mean. Simply speaking the win draw win is a bet for which tipster websites provide ample data and statistics to be able to accurately predict the winner of an upcoming soccer match. The prediction of this bet is also easy because, in case of crowd favourites playing the match and that too on home ground, the favourites would definitely win the match.
On the other hand, if the away team wins, the punter wins the bet only if he had predicted a win by the away team. A match resulting in a draw with either no teams scoring or each team scoring the same number of goals is said to have been won by only those punters who had placed a bet against the same.
Thus it is quite simple to understand the windrawwin predictions and also predict the winner, based on the mathematical probability of the event occurring. Herein the event refers to the end result of the game i. What is a win draw win sports bet? A win-draw-win sports bet is one wherein the punter bets on the final outcome of the game. This type of bet is very popular in almost all forms of sports betting like cricket betting, basketball betting, tennis betting etc.
But a win draw win bet is most prevalent in soccer betting wherein the final outcome at the end of the 90 minutes decides the winner of the bet. How do you win a bet or draw? When a game of soccer ends in a draw and the punters place a bet on the probability of the match ending in a draw, the punter wins the windrawwin bet placed. Of course, the punter also has the option of placing bets on either a home win or an away win.
The punters win the bet only when the outcome at the end of 90minutes matches his prediction and subsequent placement of the bet. This bet is considered to be a favourite among both beginners and experienced punters. Beginners love this bet because it is a simple option to bet on and also because there is a relatively higher chance of winning the same which encourages them to keep trying their hand at soccer betting.
On the other hand, experienced people place wagers on this bet just so that they are able to win it. It is a fact that winning a bet always makes a person feel better. JOIN 7m. Betfair is one of the biggest betting exchange, and its API contains exchange markets navigation, odds retrieval, and bet placement operations. The bar charts above represent the accuracy and profit achieved by both betting systems.
Accuracy means the number of times our bets were correct, divided by the total number of bets in that case. Much data is involved when deciding on which team to put our money. For this reason, betting is an ideal subject to apply one of the most popular machine learning techniques, Neural Networks. In particular, we could use a classification neural network. A classification NN is ideal when applied to problems for which there is a discrete outcome, or said otherwise when identifying for which category belongs a particular observation.
Applied to sports betting, we could devise a neural network with three simple categories. Below is the architecture of such a network. However, from our previous example with two simple betting strategies, it is clear that we are not trying to predict the outcome of the game, but rather what bet would be the most profitable. Applied to a classification neural network, this would result in the following architecture. We end up with a multi-label classification problem not to be confused with multi-class classification as the outcome of a game could result in one or two predictions being correct.
Not all bets provide the same reward. To take this into account in our neural network, we need to use a custom loss function. In standard classification neural network, we use loss functions such as the categorical cross-entropy. However, this kind of functions would give similar weights to all bets, ignoring the profitability discrepancies.
In our case we want the model to maximize the overall gain of the strategy. Thus the input of our custom loss function must incorporate the potential profit of each bet. We set up our custom loss function with Keras on top of TensorFlow. In Keras, a loss function takes two arguments:.
Below is our custom loss function written in Python and Keras. Steps are the following for each observation each game :. For our data we take a list of games from the English Premier League, season —, August to December It contains descriptive game data such as team names, odds from Betfair, and a sentiment score representing the percentage of positive tweets over the positive and negative tweets. Data and Jupyter notebook available on my github page.
Our data contain the outcome of each game in the form of 1, 2 ot This needs to be converted to a one-hot encoding vector representing the output layer of our neural network. Plus we add the odds of each team as elements of this vector. This is exactly what we do below. Before training the model, we need first to define it. We use a fully connected neural network, with two hidden layers. We use BatchNormalization to normalize weights and eliminate the vanishing gradient problem.
Then we train the model using a set of arbitrary parameters. Once the training has completed, we look at the performance of our model with the following print command:. As we can see, we end up with a training loss of This number tells us that, on average, each bet would generate a profit of 0.
Our validation dataset, shows an average profit of 0. Not bad considering we just provided basic data to our neural network. Over games, our theoretical NN betting strategy would have generated 10 to It goes beyond the accuracy ratio that can be misleading when designing betting systems.
For example, in a World Cup match between France and Switzerland, odds on the 2-way moneyline would like look:. Similar to betting the 2-way moneyline without the draw , the Goal Line is a way for bettors to win a bet on multiple outcomes of the game. A Goal Line is typically 0. A World Cup match between Argentina and Iran looks like this:. If you bet Argentina Totals in soccer work differently than other sports and can be shown in multiples of.
Since scoring is minimal in soccer, bookmakers will often times set a Total of 2. For example, if you bet on the Over 2. If the game settles on 2, you lose half your bet Over 2. If the game settles on 3, you win both bets Over 2 and Over 2. The draw strategy acts as a kind of insurance, allowing you to take full advantage of great 3-way betting odds at your betting provider.
Do betting strategies work? Seasoned bettors know that by making use of tried and tested betting strategies, they are able to significantly increase their profit probability. In this guide we explain what these strategies are, which strategies best fit specific scenarios, and which factors you need This quick guide aims to highlight key strategies which can be applied to various popular sports inc Play Here. Draw Strategy Quick-Facts There are numerous draw bet options available.
Betting on the draw option can come with very good odds. Many sports feature the possibility of a draw. Draw betting options are also available in live betting format. Use draw strategy on many events on your desktop or mobile betting platform. The most popular sport that features the draw strategy is soccer. However, you can use the draw strategy in any sport where a draw result is a possibility.
This includes rugby, basketball, American football, hockey handball and many others. Yes, you can. Since the draw result is a possibility right up until the final whistle, the draw strategy can be used to cover your bet. Draw strategy can be used with virtually any 3-way bet, which means that you can certainly apply your draw strategy to mobile betting.
More Strategy Tips. Live Betting Strategy Betting Strategy. Both2Score Strategy Betting Strategy. Asian Handicap Betting Strategy. Double Chance Strategy Betting Strategy. Goal Bet Strategy Betting Strategy. Betting on Sports Leagues Betting Strategy.