If Bets allow bettors to place subsequent wagers if their initial wagers are successful. Some people get confused between ‘if bets’ and parlay bets, but hopefully this article will clear everything up for you.
If Bet Example
Let’s say you are betting on the New Orleans Saints at 1pm and you want to place the same bet on the Green Bay Packers at 4:30, but only if the Saints win the game. This is the type of situation that ‘if bets’ are meant for.
Let’s say you place a $110 If Bet on the Saints and the Packers to cover their spreads (each with odds of -110).
The Saints win their game. At this point you have a $100 profit. The initial $110 bet moves on to the Packers game. The Packers win and you now have a $200 profit.
The Saints win their game. At this point you have a $100 profit. The initial $110 bet moves on to the Packers game. The Packers lose, now you have a $10 loss.
The Saints lose the game. The Packers bet is not placed and you have lost $110.
The second part of the if bet wager, may not exceed the initial risk amount. However, if you want to place a $110 bet on the Saints, followed by a $55 bet on the Packers this is allowed.
If Bets are not limited to just two teams. If you wanted to place a wager on the Bears at 8:30, only if the Packers won their 4:30 game that is totally legitimate.