Quick question sprts

Hey guys, I can't post the screen shot but I have a question. So I'm placing a wager on UFC fight tonight on S*T*A*K*Esportsbook. What am I missing here

Option 1 is no draw included Option 2 is with draw.
Isn't the house edge way higher with the draw Option? If so why would this book offer the option 1 with better odds?

(OPTION 1)

Winner

-Young, Shanna

2.60

-Mazany, Gina

1.50
--‐-------------------------------------
(OPTION 2)

1x2

Young, Shanna
2.48

Draw
26.00

Mazany, Gina
1.47
------------------

First of all, I am assuming all odds are "for 1" - i.e. in Option 1, Young is a 8-5 underdog, and Gina is a 1-2 favorite.

I suggest you do two things:

First, find out what "1x2" means - that could have something to do with it.

Second, take a close look at the book's rules. For all I know, a draw is a loss on both bets in Option 1, but is a push on Option 2, as opposed to the other way around.

Most likely any bets on the fighters in Option 2 lose on a draw.

Yes you are correct, option 1 has a lower %.
The better market^^^ / lower "bookmaker's % market" is option 1 , the only reason you would bet on option 2 would be if you thought the draw had an estimated chance that was bigger than 1/26 or 1/27.33*** (and then only bet on the draw).

^^^: Option 1 = 1/2.6 + 1/1.5 = 105.12...% , and
Option 2 = 1/2.48 + 1/26 + 1/1.47 = 112.19...%

***: The reason I put two figures here is because 1/27.33 would make it roughly the equivalent of the "option 1 - bookmaker's %".

---
"If so why would this book offer the option 1 with better odds?"

Books nearly always have a "higher % when there are a larger number of potential outcomes" (so that is part of the reason).

I think the book possibly stuffed up with this option (personally, I would have put something close to this):
Person A = $2.64 , Person B = $1.52, and Draw = $26

Note: If the book believes that it got the $2.60 and $1.50 "correct", then I believe that my figures are "closer to what they should have put for Option 2".

----
I know you didn't ask, but here is some extra info that you or others may find helpful (applicable to markets similar to "Option 1"):

When you bet on favorites@@@, if more than one book is offering the same odds, try to get on a market like this (if possible) - "money back if the match ends in a draw" / "ties push".

@@@; Odds less than $2.00

When you bet on underdogs###, if more than one book is offering the same odds, try to get on a market like this (if possible) - "dead-heat rules apply" / "ties pay half" .

###: Odds greater than $2.00