What is an If Bet?
An If Bet links 2-6 straight bets together like a parlay. The main difference being that If Bets are placed in stages. With If Bets, the placement of each wager (stage) is dependent upon the outcome of the previous wager.
How does it work?
- You are able to order your events from first to last on the ticket. Prior to placing your wager, you determine the order you prefer to have the wagers placed in. This can be done independently of the starting time of the events. So long as the If Bet is placed prior to the start of the earliest event on the Ticket.
- So, if the first event in your If Bet wins, then the second bet is placed; if the first bet loses, the second bet is not placed. If you have a third bet on your Bet Slip, it will only be placed if both the first and second bets are winners, and so on. A loss on the first event of an If Bet is a loss.
- You have the choice to make your If Bet action one of the following. Either ‘If Win Only’ or ‘If Win or Push’. With Win Only, subsequent selections will only have action if the preceding wager is a win. With If Win or Push (also known as Double Action), subsequent bets will have action if the preceding bet is a win, push, no action, or canceled. This is done for the If Bet as a whole, but not for the individual events within.
- When choosing If Win or Push, all wager amounts must be equal to or less than the original amount of the first selection.
- However, when choosing If Win Only, any subsequent wager amount after the first selection may include the original wager amount plus any winnings from previous legs.
Using If Win Only gives you the option to wager more total money than your original wager amount. As long as your picks keep winning. As can be seen below, each subsequent Risk amount includes most of the win amount from the previous leg of the If Bet:
By the fourth leg, you are able to wager $68 on the Bills game. Despite the fact, you only started with $10 available.
What Does an If Bet Do?
In the above example, you may have noticed that winning those four games gave you the same payout as if you had placed a 4-team parlay. However, in a parlay, any loss from those four games would make your entire parlay a loss. By placing this type of If Bet, you could keep some winnings from earlier legs of the wager. You would do so by not wagering all of the winnings on each subsequent leg.
Using the same games, in the below example maybe you want to place a $20 wager on the Bills at -6, but you only have $10 total to wager. Here, we put that $10 on an If Win Only wager on the Steelers, Dolphins, and Bengals as the first three legs of a 4-team If Win Only ticket. If the first three games win, you would have a little over $68 dollars available.
Instead of putting that whole amount on the Bills, you just place $20 on them. This way, even if that last leg on the Bills loses, you still have over $48 (the original $10 wager amount, plus $38 and change in winnings on the first three legs) that will be available in your account.
Another bonus for using this type of If Bet is that the games do not have to be in chronological order. Here, the Bills game is an early game while the Bengals play later in the day. As long as the Bengals win their game, your wager on the earlier Bills game will still go through.
All the while, you have still only risked $10 of your own money.
Why Place an If Bet?
If Bets allow an increase in betting power while simultaneously limiting your risk. It is a perfect way to place more than one wager even if you do not have enough money in your account to do so. Because the other wagers are only placed if the previously listed wager is a winner or a push.
For example, let’s say you have $110 in your account. You then place a two-game If Bet where you select Win or Push and risk $110 to win $100 on:
- New Orleans Saints -9 (-110)
- St. Louis Rams +7 (-110)
For starters, if the Saints lose, you lose $110 and the bet stops.
However, if the Saints win, you win $100, and the bet on the Rams is then placed.
Subsequently, if the Rams win as well, you win $200 ($100 on each game).
On the other hand, if the Rams lose, you lose $10 in total. ($100 won on the Saints, minus $110 bet on the Rams).
If the action on the Saints is graded “Push” or “No Action”, or the game is canceled altogether, the bet becomes a single bet (i.e., you bet $110 to win $100 on the Rams).
How to Place
Go to the sportsbook page at BetUS. If you only want to see the lines for one sport, such as football, click the football link in the menu on the right to see what options are available for wagering on football. The options will show up in a dropdown menu underneath the main football tab.
If you want to bet on NFL, click on it and the available games will show up in the middle of the page in what is called the betting engine. Choose which NFL events you would like to wager on by clicking on the odds displayed in the betting engine. After your choice loads, you will see it in the right-hand column under Bet Slip.
You can choose to add another sport to your ticket. Go back to the Sports column on the left and click another sport. Choose again from the available events and add them to your Bet Slip.
The system will automatically inhibit you from choosing two correlated wagers on the same game. For example, choosing Team A to win on the point spread and also on the moneyline. You will only be able to choose one or the other, as they are otherwise too similar (correlated) to allow on the same ticket.
All your chosen events will be listed in the Bet Slip with your wager options above.
As you are choosing your events, you will see wager options for placing a Parlay, If Bet, Reverse, and Teaser in the Bet Slip. Straight will be the default wager type until you choose something else. Whatever wager type the Bet Slip is set to will be grey, as below.
Click the If Bet button and you will see all your selections listed in the Bet Slip with a drop-down menu at the bottom where you must choose an action between ‘If Win Only’ or ‘If Win or Push.’ If you select nothing, ‘If Win Only’ will be the default action.
By entering your Risk amounts, your Win amounts will automatically be generated for you, as seen in the examples above.
To the right of each event, you will see little arrows. These arrows are how you rank your events in the order you want the wagers to be placed. You want to start (place at the top) with the event you are most sure of, then work your way down, as the wagers will stop being placed after the first loss, push, no action, or cancellation on the ticket, depending on which action you have chosen.
To remove an event, click the X.
You can add more selections or an event from another sport in the menu. Just bring up the lines for that sport in the engine again and select another event. The Bet Slip will add that event and keep itself in If Bet mode. You will have to enter a Risk amount for the new event, and the Payout amounts will automatically readjust with the new event’s odds, depending on where in the Bet Slip you move the new event to.
To place your wager into the system, click the Place my bets button under the Bet Slip:
As shown in the above examples, your BetUS Bet Slip gives you one more chance to view your pending wager before it is placed. This includes the game information, lines and Risk and Win amounts. To confirm your wager, simply click Confirm. After you do this, you will be unable to change your wager and BetUS will be unable to cancel it.
Once your wager is confirmed, the Bet Slip will again show you all your wager details and ask you to print a hard copy of your Slip. In case of emergency or other circumstance, no internet claims will be honored unless a printed copy of bets in question is supplied.