If Bets: are two or more individual plays links together that are conditional on the outcome of the preceding bet.

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"If Bets"

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If Bets Definition

Type of bet that allow you better wager management by placing multiple bets by preference that are conditional on the outcome of the preceding bet within the If Bet sequence. If Bets allow you to leverage your bet with preference given to the events you believe have more predictable outcomes. You risk only the original wager amount and can choose the event priority sequence regardless of the date of the event.

If Bets Introduction:

Action Bets: If bets are used by many players as a method of money management. Like a parlay, an if bet links together two or more individual plays and circled games may not be added to the if bet. Unlike a parlay an if bet is not an all-or-nothing wager, because the individual plays remain individual wagers and pay at the listed money line if they win. Another difference is a parlay may be left open, but an if bet may not.

Players have an option of choosing the conditions of an if bet: "single action" (If-Win-Only) or "double action" (If-Win-Push).

Single Action specifies that the remaining bets in the sequence will only be placed if the preceding bet wins. If the preceding bet is a push or is cancelled for any other reason, then the remaining bets will not be placed.

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Double Action specifies that the remaining bets in the sequence will be placed if the preceding bet wins, results in a push or is cancelled for any other reason. In other words, double action means that the remaining bets in the sequence will not be placed only if the preceding bet loses.

For example, let's look at an if bet that contains just two plays. You bet on an initial team or total, if that wager wins then the second wager that you chose will automatically be placed. You should therefore always list the bet you are most confident about first. If your initial bet loses, then the second wager is not placed. The status of the linked bets has nothing to do with the starting times of the games or what order they are played, it is strictly a logical relation. Even if the first game in your if bet is played hours after the second one, the status of the second bet must wait for the first game's results.

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Here is an example of a four team If bet:

	Bears	Giants	Rams	Cowboys	Grand Total
Risk	$11	$11	$11	$11	$11
To Win	$10	$10	$10	$10

Scenario One	Win	Win	Win	Win
Result	+$10	+$10	+$10	+$10	+$40

Scenario Two	Win	Win	Win	Lose
Result	+$10	+$10	+$10	-$11	+$19

Scenario Three	Win	Win	Lose	No Bet
Result	+$10	+$10	-$11		+$9

Scenario Four	Win	Lose	No Bet	No Bet
Result	+$10	-$11			-$1

Scenario Five	Lose	No Bet	No Bet	No Bet
Result	-$11				-$11
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The amount of the total wager is collected at the time you place the entire bet sequence. All individual wagers that comprise the if bet must be for the same amount; you cannot bet a higher or lower amount on the second wager. The advantage of playing an if bet is that it reduces your exposure to losses. Since the second wager is placed only if you win, the maximum amount that you can lose is the amount of the first wager. If the first wager wins, then the original stake is used to place the second wager.

If bets can contain up to five individual plays and the process just described continues for each one. If at any time an individual wager loses, then the remaining wagers will not be placed.

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If Bets

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"If Bets" - Wagering

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If Bets - Wagering