Assume that you want to bet for football game and the odds are as following:
Victory Team 1: 2.30 No Winner: 3.00 Victory Team 2: 2.30
Is it correct, that in this case, the bookie considers both sides as even and in this case, the best thing you can do is to bet for tie/draw? (of couse only if you do not have any information or reasons to assume that Team 1 or 2 has better chances to win.)
And if so, then why is tie/draw-odd higher than the other two?