Sports Betting: If Bets
"If bets" can be an interesting spin on most sports betting wagers and can be a fun and profitable way to get more involved in the sports betting world if you're looking for something different. In short, an if bet is just that - a bet whose continuation relies upon the simple "IF this THEN that" clause. In a sports betting sense, this means IF the first wager is won, THEN the second can be played, and then the third, fourth etc. so long as the IF clause is met each time.
To be more specific, an if bet begins by a wager being placed on an initial match for x amount of money (let's say $100 on a -110 match.) If the wager is successful (generally a win, tie or cancellation of the game, which would cause the match to revert to "tie" status,) then the individual would be awarded the appropriate money for the wager (in this case, $220 for the $100 initial wager plus the $120 in earnings.) The wager can then be carried forward to another game and any amount up to the grand total earned from the initial wager can be placed on the second game (from $1 to $220 in this example, but no more than $220.) Should this wager then be successful as well, the money can be carried over to the third, fourth, fifth, etc. so long as the wagers remain accurate.
It is important to note, however, that should any of the wagers along this path ever turn out to be incorrect, then all money placed on the bet will be lost. In the above example, let's say that the initial wager on the first game was a success and a grand total of $220 was awarded. $200 of that total is then carried over to the second game, at which point the wager loses. That means all $200 placed on the second game is lost and the individual only walks away with a total of $20 in their pocket.
The attraction of "if bets" lies in the fact that a multitude of bets can be placed in succession based upon one initial wager, allowing for progressively larger wins to take place and multiple games to be bet upon, much like a standard parley bet. Unlike a parley bet, however, an individual placing a wager has the option to walk away at any time with their money and pocket their earnings. Parley bets, which can potentially be much more profitable, are an all-or-nothing venture, meaning that if 7 out of the 8 parleys are successful, you cannot choose to walk away with your earnings at that point, and instead must wait and see if your final parley will be a win or not. In this sense if bets are a much more flexible betting option for players that allows them the flexibility of pulling out their cash at any time, a very attractive fact for many of those who have lost money in multi-game bets with parleys in the past.
To be more specific, an if bet begins by a wager being placed on an initial match for x amount of money (let's say $100 on a -110 match.) If the wager is successful (generally a win, tie or cancellation of the game, which would cause the match to revert to "tie" status,) then the individual would be awarded the appropriate money for the wager (in this case, $220 for the $100 initial wager plus the $120 in earnings.) The wager can then be carried forward to another game and any amount up to the grand total earned from the initial wager can be placed on the second game (from $1 to $220 in this example, but no more than $220.) Should this wager then be successful as well, the money can be carried over to the third, fourth, fifth, etc. so long as the wagers remain accurate.
It is important to note, however, that should any of the wagers along this path ever turn out to be incorrect, then all money placed on the bet will be lost. In the above example, let's say that the initial wager on the first game was a success and a grand total of $220 was awarded. $200 of that total is then carried over to the second game, at which point the wager loses. That means all $200 placed on the second game is lost and the individual only walks away with a total of $20 in their pocket.
The attraction of "if bets" lies in the fact that a multitude of bets can be placed in succession based upon one initial wager, allowing for progressively larger wins to take place and multiple games to be bet upon, much like a standard parley bet. Unlike a parley bet, however, an individual placing a wager has the option to walk away at any time with their money and pocket their earnings. Parley bets, which can potentially be much more profitable, are an all-or-nothing venture, meaning that if 7 out of the 8 parleys are successful, you cannot choose to walk away with your earnings at that point, and instead must wait and see if your final parley will be a win or not. In this sense if bets are a much more flexible betting option for players that allows them the flexibility of pulling out their cash at any time, a very attractive fact for many of those who have lost money in multi-game bets with parleys in the past.
Source...