"IF" Bets and Reverses
I mentioned last week, that if your book offers "if/reverses," it is possible to play those instead of parlays. Some of you may not understand how to bet an "if/reverse." A full explanation and comparison of "if" bets, "if/reverses," and parlays follows, along with the situations in which each is best..
An "if" bet is strictly what it appears like. Without a doubt Team A and when it wins you then place the same amount on Team B. A parlay with two games going off at differing times is a kind of "if" bet in which you bet on the initial team, and when it wins without a doubt double on the next team. With a true "if" bet, instead of betting double on the next team, you bet the same amount on the next team.
You can avoid two calls to the bookmaker and secure the existing line on a later game by telling your bookmaker you would like to make an "if" bet. "If" bets can even be made on two games kicking off simultaneously. The bookmaker will wait until the first game is over. If the initial game wins, he'll put an equal amount on the second game even though it was already played.
Although an "if" bet is really two straight bets at normal vig, you cannot decide later that so long as want the next bet. As soon as you make an "if" bet, the second bet can't be cancelled, even if the second game has not gone off yet. If trang chủ 789bet , you should have action on the second game. For that reason, there's less control over an "if" bet than over two straight bets. Once the two games you bet overlap with time, however, the only way to bet one only if another wins is by placing an "if" bet. Needless to say, when two games overlap in time, cancellation of the second game bet isn't an issue. It ought to be noted, that when the two games start at different times, most books won't allow you to fill in the second game later. You need to designate both teams once you make the bet.
You may make an "if" bet by saying to the bookmaker, "I want to make an 'if' bet," and, "Give me Team A IF Team B for $100." Giving your bookmaker that instruction would be the same as betting $110 to win $100 on Team A, and, only when Team A wins, betting another $110 to win $100 on Team B.
If the first team in the "if" bet loses, there is no bet on the second team. No matter whether the second team wins of loses, your total loss on the "if" bet will be $110 when you lose on the first team. If the first team wins, however, you would have a bet of $110 to win $100 going on the second team. If so, if the next team loses, your total loss will be just the $10 of vig on the split of both teams. If both games win, you would win $100 on Team A and $100 on Team B, for a total win of $200. Thus, the utmost loss on an "if" will be $110, and the maximum win would be $200. This is balanced by the disadvantage of losing the full $110, instead of just $10 of vig, each time the teams split with the first team in the bet losing.
As you can see, it matters a great deal which game you put first in an "if" bet. If you put the loser first in a split, then you lose your full bet. In the event that you split but the loser is the second team in the bet, you then only lose the vig.
Bettors soon discovered that the way to steer clear of the uncertainty due to the order of wins and loses would be to make two "if" bets putting each team first. Rather than betting $110 on " Team A if Team B," you'll bet just $55 on " Team A if Team B." and then make a second "if" bet reversing the order of the teams for another $55. The next bet would put Team B first and Team Another. This type of double bet, reversing the order of the same two teams, is called an "if/reverse" or sometimes just a "reverse."
A "reverse" is two separate "if" bets:
Team A if Team B for $55 to win $50; and
Team B if Team A for $55 to win $50.
You don't need to state both bets. You merely tell the clerk you wish to bet a "reverse," the two teams, and the total amount.
If both teams win, the result would be the identical to if you played a single "if" bet for $100. You win $50 on Team A in the initial "if bet, and $50 on Team B, for a total win of $100. In the next "if" bet, you win $50 on Team B, and then $50 on Team A, for a total win of $100. The two "if" bets together create a total win of $200 when both teams win.
If both teams lose, the effect would also be the same as in the event that you played a single "if" bet for $100. Team A's loss would set you back $55 in the initial "if" combination, and nothing would go onto Team B. In the next combination, Team B's loss would cost you $55 and nothing would look at to Team A. You'll lose $55 on each of the bets for a complete maximum loss of $110 whenever both teams lose.
The difference occurs once the teams split. Instead of losing $110 when the first team loses and the second wins, and $10 when the first team wins however the second loses, in the reverse you'll lose $60 on a split no matter which team wins and which loses. It computes in this manner. If Team A loses you'll lose $55 on the initial combination, and have nothing going on the winning Team B. In the second combination, you will win $50 on Team B, and also have action on Team A for a $55 loss, producing a net loss on the second mix of $5 vig. The loss of $55 on the first "if" bet and $5 on the second "if" bet offers you a combined lack of $60 on the "reverse." When Team B loses, you will lose the $5 vig on the initial combination and the $55 on the next combination for the same $60 on the split..
We have accomplished this smaller lack of $60 instead of $110 once the first team loses without reduction in the win when both teams win. In both single $110 "if" bet and the two reversed "if" bets for $55, the win is $200 when both teams cover the spread. The bookmakers could not put themselves at that type of disadvantage, however. The gain of $50 whenever Team A loses is fully offset by the extra $50 loss ($60 rather than $10) whenever Team B is the loser. Thus, the "reverse" doesn't actually save us hardly any money, but it does have the benefit of making the chance more predictable, and preventing the worry concerning which team to place first in the "if" bet.
(What follows can be an advanced discussion of betting technique. If charts and explanations provide you with a headache, skip them and simply write down the guidelines. I'll summarize the rules in an an easy task to copy list in my own next article.)
As with parlays, the general rule regarding "if" bets is:
DON'T, when you can win more than 52.5% or more of your games. If you fail to consistently achieve a winning percentage, however, making "if" bets whenever you bet two teams will save you money.
For the winning bettor, the "if" bet adds some luck to your betting equation that doesn't belong there. If two games are worth betting, they should both be bet. Betting using one should not be made dependent on whether you win another. Alternatively, for the bettor who includes a negative expectation, the "if" bet will prevent him from betting on the second team whenever the first team loses. By preventing some bets, the "if" bet saves the negative expectation bettor some vig.
The $10 savings for the "if" bettor results from the fact that he is not betting the second game when both lose. When compared to straight bettor, the "if" bettor has an additional cost of $100 when Team A loses and Team B wins, but he saves $110 when Team A and Team B both lose.
In summary, whatever keeps the loser from betting more games is good. "If" bets reduce the amount of games that the loser bets.
The rule for the winning bettor is strictly opposite. Whatever keeps the winning bettor from betting more games is bad, and for that reason "if" bets will cost the winning handicapper money. When the winning bettor plays fewer games, he's got fewer winners. Remember that next time someone lets you know that the best way to win is to bet fewer games. A good winner never wants to bet fewer games. Since "if/reverses" workout exactly the same as "if" bets, they both place the winner at an equal disadvantage.
Exceptions to the Rule - When a Winner Should Bet Parlays and "IF's"
As with all rules, there are exceptions. "If" bets and parlays should be made by successful with a confident expectation in mere two circumstances::
If you find no other choice and he must bet either an "if/reverse," a parlay, or perhaps a teaser; or
When betting co-dependent propositions.
The only time I can think of which you have no other choice is if you are the very best man at your friend's wedding, you are waiting to walk down that aisle, your laptop looked ridiculous in the pocket of one's tux so you left it in the automobile, you only bet offshore in a deposit account with no credit line, the book includes a $50 minimum phone bet, you prefer two games which overlap in time, you pull out your trusty cell five minutes before kickoff and 45 seconds before you need to walk to the alter with some beastly bride's maid in a frilly purple dress on your own arm, you try to make two $55 bets and suddenly realize you merely have $75 in your account.
Because the old philosopher used to state, "Is that what's troubling you, bucky?" If so, hold your head up high, put a smile on your own face, look for the silver lining, and make a $50 "if" bet on your own two teams. Of course you could bet a parlay, but as you will see below, the "if/reverse" is an excellent substitute for the parlay when you are winner.
For the winner, the best method is straight betting. Regarding co-dependent bets, however, as already discussed, there is a huge advantage to betting combinations. With a parlay, the bettor gets the benefit of increased parlay odds of 13-5 on combined bets that have greater than the standard expectation of winning. Since, by definition, co-dependent bets should always be contained within the same game, they must be produced as "if" bets. With a co-dependent bet our advantage originates from the point that we make the next bet only IF among the propositions wins.
It could do us no good to straight bet $110 each on the favorite and the underdog and $110 each on the over and the under. We'd simply lose the vig regardless of how often the favorite and over or the underdog and under combinations won. As we've seen, if we play two out of 4 possible results in two parlays of the favourite and over and the underdog and under, we can net a $160 win when among our combinations comes in. When to find the parlay or the "reverse" when making co-dependent combinations is discussed below.
Choosing Between "IF" Bets and Parlays
Predicated on a $110 parlay, which we'll use for the purpose of consistent comparisons, our net parlay win when one of our combinations hits is $176 (the $286 win on the winning parlay minus the $110 loss on the losing parlay). In a $110 "reverse" bet our net win will be $180 every time among our combinations hits (the $400 win on the winning if/reverse without the $220 loss on the losing if/reverse).
When a split occurs and the under comes in with the favorite, or over comes in with the underdog, the parlay will lose $110 while the reverse loses $120. Thus, the "reverse" includes a $4 advantage on the winning side, and the parlay has a $10 advantage on the losing end. Obviously, again, in a 50-50 situation the parlay will be better.
With co-dependent side and total bets, however, we are not in a 50-50 situation. If the favourite covers the high spread, it really is more likely that the overall game will review the comparatively low total, and if the favorite fails to cover the high spread, it is more likely that the overall game will beneath the total. As we have previously seen, if you have a confident expectation the "if/reverse" is a superior bet to the parlay. The actual possibility of a win on our co-dependent side and total bets depends upon how close the lines on the side and total are to one another, but the fact that they're co-dependent gives us a confident expectation.
The point where the "if/reverse" becomes a better bet than the parlay when coming up with our two co-dependent is a 72% win-rate. This is simply not as outrageous a win-rate since it sounds. When making two combinations, you have two chances to win. You merely need to win one out from the two. Each of the combinations comes with an independent positive expectation. If we assume the opportunity of either the favorite or the underdog winning is 100% (obviously one or the other must win) then all we are in need of is a 72% probability that when, for example, Boston College -38 � scores enough to win by 39 points that the game will go over the total 53 � at the very least 72% of that time period as a co-dependent bet. If Ball State scores even one TD, then we are only � point away from a win. A BC cover can lead to an over 72% of that time period is not an unreasonable assumption beneath the circumstances.
As compared with a parlay at a 72% win-rate, our two "if/reverse" bets will win a supplementary $4 seventy-two times, for a total increased win of $4 x 72 = $288. Betting "if/reverses" will cause us to lose an extra $10 the 28 times that the outcomes split for a total increased loss of $280. Obviously, at a win rate of 72% the difference is slight.
Rule: At win percentages below 72% use parlays, and at win-rates of 72% or above use "if/reverses."