An “If-Win Bet” is an option style of wagering. A fixed amount is wagered on one team and if that team wins, the original bet amount is carried forward onto the next selection (up to a maximum of seven teams).
If-Win Bet Example:
Consider a two team If-win bet for $11 on the 49ers and Bills at standard -110 odds.
- If the 49ers win, the bettor wins $10 and the stake is carried forward for another $11 wager on the Bills.
- If the Bills also win, then the bettor receives another $10 for a total of $20 in winnings (and a total return of $31, including the original bet amount of $11).
- If the Bills lose, then the bettor loses a total of $1 overall since the $10 won on the 49ers ends up losing as a result of the $11 stake on the Bills.
- If the 49ers lose the first game, then the original $11 stake is lost and there is no secondary bet on the Bills.
In an If-win bet, the first wager must win in order for there to be action on the remaining wagers. If the first wager loses, there is no action thereafter. Wagers are action in the order they are selected on the bet slip. For example, if your if-bet includes a Thursday game and a Sunday game, but the Sunday game is first on the bet slip, then the Sunday game is the first actioned bet.
We allow placement of a minimum of 2 and a maximum of 7 teams in an If-bet. The selections do not have to be in chronological order. The Betting ticket will allow the bettor to move teams up and down the preferential order to be in the wagering sequence he or she prefers.
In an If-win bet, the first wager must win for the next wager to have action. In the event of a push or a loss on any selection in an If-win bet, the wager is graded as a loss.
In an If-action bet, if the first wager results in a win, a push (tie), or a no-action game (cancellation, postponed, etc.) the next leg will still action. While the push or no-action will result in neither a win nor a loss for that particular game, the original bet amount is still available to be carried on to the next wager in your bet.
As a result, if-win bets pay out on a slightly more generous scale than if-action bets.