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An If Bet - Win Only - is a slightly more complicated form of betting that allows players to bet on multiple teams in the event that each individual bet is won, thereby allowing the player to see action on his/her subsequent bets. With win only If bets, there is a catch: a player can only wager up to the total payout from his/her previous wager on the next bet, except for the first If bet, which is open to any wager amount. If a player loses any wager at any point in the win only If Bet process, the entire wager is off and the player is allowed to keep winnings acculmulated up until the losing bet, which is subtracted from the total payouts received prior to the point of loss.

Win only If Bets may seem complicated in explanation, but are probably better expressed as practical examples. These brief examples will show how a win only If bet is in some ways better than Parlay, because it is a step-by-step wagering process that isn't based on an "all or nothing" betting principle.

Example 1:

The player places an initial wager on the New York Giants, favored to win at -110 in the amount of $110 to win $100. If the Giants win this contest, the player would collect $110 initial wager + $100 payout for a total of $210.

Since the player won this bet, he or she can continue on to the next bet placed, but can ONLY wager an amount up to $210, the sum of the winning payout from the initial bet.

Next, the player choses to wager on the Miami Dolphins, favored to win at -110 in the amount of $200 to win $180. If the Dolphins win this contest, the player would collect $200 initial wager + $180 payout for a total of $380.

In sum total for this 2 team win only If bet, the player collects $100 in winnings from wager 1 - plus the wager amount back, $110; and $180 winnings from wager 2 - plus the wager amount back, $200; for a total of $280 profit + $310 in wagers.

(Or, the player could continue to wager in the same fashion on a 3rd, 4th, or 5th contest per the process above to attempt to win more money, ONLY IF each successive bet is a winner. If at any point the player loses, any subsequent bets are off.)

Example 2:

The player places an initial wager on the New York Giants, favored to win at -110 in the amount of $110 to win $100. If the Giants win this contest, the player would collect $110 initial wager + $100 payout for a total of $210.

Since the player won this bet, he or she can continue on to the next bet placed, but can ONLY wager an amount up to $210, the sum of the winning payout from the initial bet.

Next, the player choses to wager on the Miami Dolphins, favored to win at -110 in the amount of $200 to win $180. HOWEVER, the Dolphins lose this contest. Now, The entire win only If Bet is off (if there were any subsequent wagers planned) and the player loses the $200 wagered on the Dolphins.

Therefore, the player would collect $100 in winnings from wager 1 - plus the wager amount back, $110; BUT would lose $200 on the losing result from the Dolphins wager. In total, the player would see $110 initial Giants wager + $100 Giants winnings for a total of $210, then would lose $200 from the losing Dolphins wager for a final balance of $10.

Example 3:

The player places an initial wager on the New York Giants, favored to win at -110 in the amount of $110 to win $100.

The Giants LOSE this contest, and therefore the player LOSES the initial $110, (like any typical single straight wager). Consequently, any further win only If Bets are OFF, that is, the player can not continue on to any other bets he or she planned because this first wager was lost.

If Bets are an interesting step-by-step wagering process that are very exciting if you're feeling like you can pick a few winners. Financially speaking, they are safer than parlays, because parlays are "all or nothing", whereas win only If bets allow you to, at minimum keep winnings accrued from all winning bets up until the point where you lose, at which point the losing wager is subtracted from your winnings.

How can you make good money with win only If Bet? First of all, place your wagers in a smart manner. If, for example, you bet the maximum amount possible on each successive wager you make, you stand to lose nearly all your winngs. Instead, it's better to bank a portion of your winnings and bet the other part on the next contest, that way, you'll at least have some money to show for your efforts even if you lose a subsequent wager.

Most large online sportsbooks offer win only IF Bets in their wagering menus, so take advantage of this fun and exciting way to make a little extra cash by picking winners for multiple contests, keeping in mind the fact that you can keep at minimum some portion of your winning wagers as long as you don't bet the maximum amount possible on subsequent games. Have fun and Good Luck!