If and Reverse Wagers

IF Wagers

IF wagers allow the you to make a second wager that depends on the outcome of another wager. If wagers must be made on one call, and the second part of the if wager cannot exceed the amount of the first selection.

Example:

Dallas Cowboys -5 $110 to win $100 IF (if win, tie, or cancel) Carolina Panthers +4 $110 to win $100.

If the Cowboys lose, the wager stops there and is scored a loser (-$110).

However, if the Cowboys win +$100, the wager continues into the second part: the Panthers wager. Now, if the Panthers win, the wager overall is a $200 winner. If the Panthers lose, the wager is overall a $10 loss (+$100 from the first wager, and -$110 from the second).

Reverse Wagers

Reverse wagers are always double action IF bets.

Example:

Part A
Cowboys -5 $110 to win $100
IF ( win, tie or cancel )
Dolphins -14 $110 to win $100
Part B
Dolphins -14 $110 to win $100
IF ( win, tie, or cancel )
Cowboys -5 $110 to win $100

As you can see the IF bet plays in both directions, one with the Cowboys first and Dolphins second, and one with the Dolphins first and Cowboys second. Here is how it grades:

If both teams win: +$400
One win, one loss: -$120
Both teams lose: -$220
Push: +$200