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If Bets

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IF Bets and Reverses

IF bets
An IF bet is a selection of two straight wagers joined together on one bet by an "if" clause. This type of wager allows you to limit your risk by placing two straight bets on one betting ticket. Your second bet will only have action "if" the first bet in the sequence is successful. An "if" bet is also useful if you want to make multiple (2-6) straight bets, but do not have adequate funds in your account to cover the extra bets unless the first bet wins.

There are two types of action you can select when you are placing an IF bet:
Single Action and Double Action.

Single Action, or "If Win Only" means the second part of the wager only has action if the first part of the wager is a win. If the first part is settled as a push, no action, or cancelled, the amount risked is returned to your account.
Double Action means if for any reason the first part of the wager is settled as a win, push, no action, or cancelled, then the second part of the wager is then placed.

Reverses
A Reverse bet is a series of IF bets going both forward and in reverse order. Each team included in the reverse bet will pair with the other team to form two IF bets. For example (using Football and Baseball):

The first part:
New England Patriots -8 $110 to win $100 Double Action (If win, push, no action, or cancelled)
Then
Oakland A's (-175) Risk $110 to win $63

Second Part:
Oakland A's (-175) $110 to win $63 Double Action (If win, push, no action, or cancelled)
Then
New England Patriots -8 Risk $110 to win $100

Total risk- $220 (maximum risk) to win $326

Possible outcomes:
1. If the Patriots and the A's both win, you will win $163 on the first part of the wager and $163 on the reverse part, for total winnings of $326.
2. If the Patriots win and the A's lose, you will lose $10 on the first part of the wager and $110 on the reverse part, for total losses of $120.
3. If the A's win and the Patriots lose, you will lose $110 on the first part of the wager and $47 on the reverse part, for total losses of $157.
4. If one team pushes, is no action, or is cancelled and the other team is a loss, you will lose $220.
5. If one team pushes, is no action, or is cancelled and the other team wins, you will either win $126 (63+63) for the A's or $200 for the Patriots (100+100).