I bet on Australia to win the 2nd test.
On my Sportsbet account it says I lost my bet. Im pretty sure there wasn't a draw option. Can anyone confirm this?

This is listed in their terms and conditions:

53.1. In the event of a tie (i.e. where both teams are bowled out twice and have the same score), all bets to win on either team will be paid at half face value (i.e. half the win plus half the bet amount). Bets on the draw will be losers. This rule may vary for some domestic competitions.

53.2. At least one ball must be bowled for bets to stand, otherwise all single bets are void. However, if a match is officially abandoned (eg due to dangerous pitch conditions) then all undecided single bets on the match are void and bets refunded while affected multiple bets will be recalculated excluding that leg.

Any help???