If Sport Bet
An If Sport Bet allows the bettor to increase his betting power and limit his risk by placing multiple bets on one betting ticket; each individual bet after the first bet will only have action if the previous bet in the sequence is successful. This limits his risk to the dollar amount of the first bet on his betting ticket.
An If Sport Bet is also useful if the bettor wants to make more than one bet, but does not have adequate funds in his account to cover the second bet unless the first bet wins. An If Bet will place the second bet immediately upon success of the first bet. If Bet rules are as follows:
One If Bet can contain two to seven individual bets.
If Bets must be made prior to the start time of the earliest event.
Bets do not have to be made in the order of each event's start time.
The first bet's limit is set by the house.
Additional bets in the sequence use the bet amount of the first bet.
The first bet is always placed unless it is considered a no action event.
Two Types of If Sport Bets
If Win
The bettor chooses the order of each bet in the series. The first bet is always placed. Each subsequent bet is placed only if the previous bet wins. If any bet in the If Win series loses, ties or is considered no action, then all subsequent bets on the betting ticket are considered no action.
If Action
The bettor chooses the order of each bet in the series. The first bet is always placed. Each subsequent bet is placed only if the previous bet is won, considered no action or is a tie game (also know as a push). If any bet in the If Action series loses, then all subsequent bets on the betting ticket are considered no action.
This second bet is placed even though this game started prior to the first event and already had a final result of a loss. The first part of his If Win bet is a win but the second part is a loss.
His If Win bet placed on October 7th is placed prior to the start time of both events so he is able to bet on both games while ensuring that his preferred bet on the Raiders game gets placed even if his second choice, the Patriots, lose.
Normally the only way this would be possible would be to expose the bettor to both bets separately. An If Bet puts a restriction on his bet that says if the Raiders lose, do not place a bet on the Patriots/Colts game. This limits his risk to the first bet amount, but provides him with the opportunity to make a second bet with the original stake if his first bet is successful.
Tipster's Corner by James Rodes
Just by flipping a coin, sports bettors will be right 50% of the time. At odds of 10/11, only 52.4% of the sports bettors' wagers have to win for them to overcome the bookmaker's profit and break even, so they only need a very small edge to become a winner.
Here's the low down on the different types of online sport bets:
Online Sport Bet Guide
ONLINE GOLF SPORT BET The most common type of golf bet involves picking the outright winner of a tournament...
ONLINE TENNIS SPORT BET There are no point spreads in tennis because there is no meaningful way to measure how much a player wins...
ONLINE SOCCER SPORT BET There are three types of betting options when betting on soccer. The bettor can bet on a money line for his team...
ONLINE BOXING SPORT BET To bet on boxing, the bettor must tell the ticket writer the bet number of the boxer he wishes to bet on...