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How Do If Bets Work?

If Bets allow bettors to increase the amount of bets they can place on one ticket while limiting their risk. With If Bets, each individual bet after the first bet will only have action if the previous bet is a winner. This is a way to only risk a certain amount with the possibility of winning a lot more if you can string together a few wins in a row.

If Bets are useful is a bettor wants to make more than one bet, but doesn’t have the funds in his/her account to bet them all separately. If a bettor is down to his last $110 in his account, then an If Bet would make sense. Instead of betting say $55 on one game on $55 on another, he could just bet the whole $110 on the If Bet.

If Bet Rules

  • 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 consider a no action event. (postponed, etc.)

Types of If Bets

If Win – The bettor chooses the order of each bet in a series. The first bet will always be placed. Each bet thereafter is placed only if the previous bet wins. If any bet in the If Win series were to lose, tie or is considered no action, then all the additional bets on the ticket are considered no action.

If Action – The bettor will choose the order of each bet in the series. The first bet is always placed. Each bet thereafter is placed only if the previous bet wins, ties or is considered no action. If any bet in the If Action series loses, all additional bets on the ticket are considered no action.

Example No. 1

Team A is the Seahawks -7 over the Packers. Team B is the Patriots -7 over the Colts. The Seattle game starts at at 3:05 EST on Sunday, January 18th. The New England game starts at 3:40 EST on Sunday, January 18th as well. You bet the Seattle game as the first leg of the If Bet because you feel more strongly about the Seahawks covering than the Patriots.

Let’s say you bet $110 to win $100 on the Seahawks. If the Seahawks win their game, then you are essentially free-rolling on the Patriots. If the Patriots then win, you will profit $200. If the Patriots lose, then you’ll lose only the $10 you paid in juice for the entire ticket.

Example No. 2

Let’s stick with the Seahawks -7 over the Packers on January 18th for Team A. You are really confident in this game and you think there’s no way the Seahawks are going to lose. Well, you also feel strongly about an NBA game on January 15th. It is the Cavaliers -6 at the Lakers. The Cavaliers -6 will be your Team B.

So, in this instance, the Seattle game doesn’t go off until January 18th, so you’ll know by kickoff how much you stand to win if the Seahawks win because you will know the result of the Cavaliers game. Let’s say the Cavaliers covered the spread, so you know you’ll be either a $200 winner or a $10 loser.

As long as you place If Bets prior to the start of two to seven events, then they will have action. The bet in this instance as placed on January 14th. The second bet on the Cavaliers is placed even though the game starter prior to the first event. Even if the Cavaliers were to fail to cover, that bet would still have action if the Seahawks cover. In this case, you would be a $10 loser.

If Bets Are Not Parlays

Many novice bettors mistake If Bets for parlays. In all reality, these are two completely different bets. Like parlays, you can have multiple teams in If Bets. Also like parlays, you stake a small amount to start with the chance of winning a bigger amount later. However, If Bets are essentially separate straight bets, while parlays are a combination of straight bets that all have to win for you to be paid.

Let’s say you did an If Bet with three teams and a parlay with the same three teams. You wager $110 on both the If Bet and the parlay separately. Team A & Team B win but Team C loses. On the If Bet, you would profit $90 because you would win $200 on Team A and Team B, but lose $110 on Team C. On a parlay, you would lose all $110 because you needed to go 3-0 for a winning ticket, but just went 2-1. There isn’t nearly as much of a house edge on an If Bet as there is a parlay.

How Do If Bets Work? If Bets allow bettors to increase the amount of bets they can place on one ticket while limiting their risk. With If Bets, each individual bet after the first bet will only

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Sports Betting 101

  • Straight Wagers
  • Point Spread
  • Money Line Wagers
  • Total Wagers
  • Buying Point
  • Proposition Wagers
  • If Wagers
  • Futures
  • Parlays
  • Round Robins
  • Teasers
  • Special Teasers and Parlays
  • Free 1/2 Point Program’s Enhanced Teaser Odds
  • Action Reverse
  • To Win It All’ Futures
  • Half-Time Wagers
  • Quarter Wagers
  • Horse Wagers
  • Buying Points
  • Round Robins
  • Reverses
Straight Wagers

A straight wager is a single bet placed on a point spread, money line, or total. A bet is placed on the favorite (team with the odds in its favor), the underdog / dog (the team with the odds against it) or the final score of the game (over or under a predetermined total).

The favorite is indicated by a minus sign (-) and the underdog by a plus sign (+). If there is no favorite, there won’t be any numbers next to the teams’ names and the risk will automatically be assigned as -110. In this case, to win $100, you must risk $110. If you win the wager, the risk ($110) will be refunded to you, plus the $100 in winnings ($110 + $100 = $210). The 10% risked is known as the juice. The “juice” or “VIG” is the difference between what is wagered and what can be won. When the number next to a team’s name is positive (which will be the case when you bet on an underdog), it means you risk less to win more.

NOTE: In baseball you can make your bet conditional on which pitcher is starting. You have the ability to specify in advance if you would like your bet to be withdrawn if the pitcher that is supposed to start is changed.

Get into the best sports betting action and start placing straight wagers on your favorite sports and teams, register now to get started!

Point Spread

A point spread is set for each game based on which team is favored. In order to win, you must “cover the spread.”

  • If you wagered on the favorite and it wins the game by more than the spread, you covered the spread.
  • If you wagered on the underdog and the favorite wins by less than the spread, you win.
  • If you wagered on the underdog and it wins the game outright, you win.

NOTE: If the favorite won the game by the exact amount indicated by the spread, the game ends in a tie (or push) and all money is refunded. You do not win or lose any money.

Example:

Player wagers $110.00 on Miami -7 to beat Buffalo +7

If Miami wins by more than 7 points the player wins $100.00. The total payout including the initial wager would be $210.00. If Miami only wins by 7 points, then the game is considered “no action” and all money is returned to the bettor. If Miami wins by less than 7 points the wagers is lost.

Point Spreads give you an edge, choose a favorite to win or an underdog to cover the spread and win big, register now to get started!

Money Line Wagers

In a money line bet, the bettor picks one of two teams in a game, matchup or tournament, and receives odds based on how favored or unfavored the team is to win. Oddsmakers set the money line so that more money must be risked on the favorite and less money on the underdog. The team the bettor wagered on must win outright; it does not matter how many points the team wins by.

Example:

The player wagers on Miami -240 at Buffalo +140.

If Miami wins, the player would wager $240.00 to win $100.00. If the player wagered on Buffalo, the player would wager $100.00 to win $140.00.

Total Wagers

When you bet the total, you are saying that the combined scores of the two teams (sides) will be more than or less than a given number.

Example:

The player wagers $220.00 on the ‘OVER’ in the Miami / Buffalo game. The total for the game is 45.

If the combined score of both teams is more than 45, the player wins $200.00. If the combined score is equal to 45, the game is considered ‘No Action’ and the money is re-deposited to the player’s account. If the combined score is less than 45, the wager is lost.

Buying Points

Buying points allows you to improve your odds by decreasing the spread, therefore allowing you to win when your team scores fewer points. Point buying is available for football and basketball on game sides and totals only. Players may buy up to one full point at $0.10. Buying on or off the three in the NFL or NCAA Football will cost an additional $0.25.

Example:

Detroit is –8, although the player wants to buy it to –6 and win $100.
The wager would be Detroit –7, $150 to win $100. The initial line is –110, then ten cents is added for each half point to make the new line Detroit –6 –150.

Buying Points wisely can make a huge difference, bet on the NFL and buy points to secure a win, register now to get started!

Proposition Wagers

Props, or proposition bets, are bets offered on the outcome of specific events. These wagers can be on sporting events, politics, trial outcomes, the weather – practically anything. The wagers use the money line format of odds and might included details such as who scores the first touchdown in the Super Bowl.

Futures

Futures are bets in which odds are posted in advance on the winners of various major events such as the Super Bowl, the World Series, the Stanley Cup, and the NBA Championship. By betting early, players often receive better odds than they would later in the season.

Parlays

A parlay is a combination of 2 to 10 straight wagers placed as one wager. In order to win the bet, all your picks must be winners. This higher risk will result in a greater payout, calculated according to the money lines. If there is a tie or ‘No Action’ among the selections made, the parlay reverts down to the next lowest number for payoff. In the case of a 2-team parlay, it will revert down to a straight wager. The maximum payout in a parlay is $100,000. We do not pay true odds.

Example:

The player wants to make a 5 team parlay: Miami -7, New York +3, Seattle -4, Denver -10, San Francisco -8.

If a player bets $10 and all these games win, the player wins $210 at 21/1 odds. If 4 of the games win and 1 of the games is considered ‘No Action’, the player wins $110 at 11/1 odds. If 1 of the games loses, the player only loses $10 because the parlay loses.

Parlays pay huge, start by doing 2 team parlays and cash in big bucks. register now to get started!

Parlay Odds
Standard Parlay

Number of Teams 2 3 4 5 6 7 8 9 10
Payout 2.6 6 10 20 35 60 80 200 300

Round Robins

Round robins are wagers where the customer picks 3 to 8 teams and matches them in as many two team combinations as possible.

Example:

-Dolphins -5
-Eagles +2.5
-Bills +7

Possible combinations are:

2TP 2TP 2TP
Dolphins -5 Dolphins -5 Eagles +2.5
Eagles +2.5 Bills +7 Bills +7

Playing this round robin for $100 involves putting $100 on each possible 2 team parlay combination for a total ticket of $300.

Teasers

A teaser is a selection of two or more teams in one wager in which the point spread is adjusted in the player’s favor. The number of teams selected and the number of points selected determine the payout odds. Ties on a teaser with three or more teams will revert to a lower teaser. (For example a tie on a three teamer becomes a two team teaser.) A ‘tie’ or ‘no action’ and a ‘loss’ on a two team teaser is considered a loss.

  • Arena Football and Canadian Football cannot be included in any of our teaser options.
  • You can tease middles.
  • Open spots allowed for up to one week
  • No open spots on teasers less than $25
  • Can’t tease halves or quarters. Games only.
  • Min. $5 and max $1,000
  • Maximum payout is $100,000

Teaser Odds

Standard Teasers
Football Points +6 +6½ +7
Basketball Points +4 +4½ +5
2 TEAMS 10/11 10/12 10/13
3 TEAMS 17/10 15/10 13/10
4 TEAMS 3/1 2.5/1 2/1
5 TEAMS 9/2 +400 +350
6 TEAMS 6/1 +550 +500

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Special Teasers

See below for a list of our Internet-exclusive teasers!

Sports Betting 101, learn about how the different bet types work and register at Skybook Sportsbook to enjoy the best sports betting experience on the web. ]]>