"If" bets are set up to where if one event happens, it triggers a subsequent wager. I'm not sure what all sportsbooks allow in combination, but one example might be that you take the underdog + points in a football game. You figure that if the underdog covers it will be a low scoring game, so you make an "if" bet with the under, stating that if your bet on the underdog wins, you also want to place a bet on the under. If the underdog loses, no bet is placed on the total.
Reverses are "if" bets that work both ways. So in the above example, if the game went under, it would also trigger a bet on the underdog. You can have reverse bets with more than 2 items.
ok...i think i got it....so "if" bet triggers subsequent bet, which would either start before u have time to collect your winnings and place a second bet, or is played simultaneously. As long as your original bet wins...thx
I'm new also, so maybe someone can help me understand better. What Jive said sounds more like he described a correlated parlay, and what ireland says sounds more like a "IF" bet. Can someone explain the difference between a correlated parlay and what Jive is talking about?
In my example, the difference is that with a parlay, you have to wager the entire amount on both games. This means two things:
1)Using an "IF" bet you can put 1 unit on wager #1, then a half unit on wager #2, or even more units if you want.
2)If you put a full unit on both games with an IF bet and the second game loses, you still break even (minus juice), where as with a parlay you lose the whole wagered amount. If you did a $10 parlay and the first game won and the second game lost, you are out the full $10. If you used an IF bet putting $10 on both, and they split, you would be down $1. Of course, if they both win you would make slightly less than if you parlayed them, so it basically comes down to how confident you are that if bet 1 hits, that bet 2 will hit as well.
It is my guess that many people likely use IF bets in the way Ireland described, to manage bankroll. I use them to make correlated bets where I am more confident in one side than the other, but I still see them as tied together.
Cool, I understand what you mean now. But it leads me to a new question. If you are betting the dog, then the odds of winning the under are probably increased. So knowing that, do books usually allow you to make this kind of "IF" bet? Thanks for the info...
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"if" and "reverse" bets
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