Wager Types
If-Bets
If "bets" are used by many players as a method of money management. Like a parlay, an if bet links together 2 or more individual plays and circled games may not be added to the if-bet. Unlike a parlay, an if bet is not an all-or-nothing wager: the individual plays remain individual wagers and pay at the listed money line if they win. Also, a parlay may be left "open", but an if-bet may not.
For example, let's look at an if bet that contains just two plays. You bet on an initial team or total, if that wager wins then the second wager that you chose will automatically be placed. You should therefore always list the bet you are most confident about first. If your initial bet loses, then the second wager is not placed. The status of the linked bets has nothing to do with the games' starting times or what order they are played, it is strictly a logical relation. Even if the first game in your if bet is played hours after the second one, the status of the second bet must wait for the first game's results.
The amount of the total wager is collected at the time you place the entire bet sequence. All individual wagers that comprise the if bet must be for the same amount; you cannot bet a higher or lower amount on the second wager. The advantage of playing an if bet is that it reduces your exposure to losses. Since the second wager is placed only if you win, the maximum amount that you can lose is the amount of the first wager. If the first wager wins, then the original stake is used to place the second wager.
If bets can contain up to 5 individual plays, and the process just described continues for each one. If at any time an individual wager loses, then the remaining wagers will not be placed.
Players have an option of choosing the conditions of an if bet: "single action" (If-Win-Only) or "double action" (If-Win-Push). Single action specifies that the remaining bets in the sequence will only be placed if the preceding bet wins. If the preceding bet is a "push" or is cancelled for any other reason, then the remaining bets will not be placed. Double action specifies that the remaining bets in the sequence will be placed if the preceding bet wins, results in a "push" or is cancelled for any other reason. In other words, "double action" means that the remaining bets in the sequence will be not be placed only if the preceding bet loses.
