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An if-bet is a multi-bet wager where you do not have to win every bet to get some payout back. The if-bet works like this:
You place one bet down on multiple teams, in preferential order. Let’s say you like the Patriots go over 47, and you like the Bears to cover. You bet $110 to win $100 in your if-bet. If (hence the phrase, the if-bet ) the Patriots win 52-7, they’ve gone over the total, and you win the first wager. You get your $100 win back, and the original $110 goes into your bet on the Bears. You can do an if-bet with up-to-7 games. If at any time, your chain of bets breaks, everything else is a loss. The table below, showing four possible wagers from a week in the NFL, demonstrates some of the possible outcomes of your if-bet (each wager is for $110 to win $100):
Patriots Bears Rams Giants TOTAL Scenario #1 WIN WIN WIN WIN Result +$100 +$100 +$100 +$100 +$400 Scenario #2 WIN WIN WIN LOSE Result +$100 +$100 +$100 -$110 +$190 Scenario #3 WIN WIN LOSE No Bet Result +$100 +$100 -$110 +$90 Scenario #4 WIN LOSE No Bet No Bet Result +$100 -$110 -$10 Scenario #5 LOSE No Bet No Bet No Bet Result -$110 -$110
An if-bet is a reasonable way to play multiple games in a week and still have some semblance of safety in your gambling bankroll. You can never lose more than your initial $100+10 (whereas if you put $100+10 on each of the four games, you could lose all four wagers and be down up to $440). On the other hand, you are missing the opportunity to win on the wagers that are No Bets if the if-bet chain gets broken. Look at Scenario #5 if you would have won your bets on the Bears, Rams and Giants, you’d be up $190. But because the Patriots game was the first in your if-bet chain, you never had that opportunity.
There are two types of if-bets: if-win and if-action. In an if-win bet, you have to win the bet to continue the chain to the next bet. In an if-action bet, the chain continues if your wager is a push, as well as a win.
There are two types of if-bets: if-win and if-action. In an if-win bet