If Bet Win-Only Explained

The following is our if bet win-only tutorial. Learn what an if bet win-only is, how to place this wager, and when to place an if bet win-only versus separate straight wagers. This bet is ideal for those with small bankrolls.

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What is a win-only If Bet?

An if bet win-only is a sequence of 2-7 straight bet selections. The next selection only sees action if the previous selection wins.

Think of an if bet win-only as a simple chain of “If – then” statements. If my first selection wins, then my second selection sees action. If my second selection wins, then my third selection sees action, etc.

An If bet win-only allows players with a limited bankroll to bet on multiple games at once. You can risk the previous selection’s stake and winnings on the next selection. This makes the win-only if bet a great alternative to the parlay.

How does the If Bet win-only Win or Lose?

Your bet wins up to the first losing selection, or if all your selections win. For example, if 2 of 3 selections win, the sportsbook will payout on the first two and you’ll lose on the third.

The most you can lose is your initial risk. That’s because the other selections don’t see action unless your first selection wins.

When does the If Bet win-only Tie or Push?

The entire if bet win-only is just a chain of selections that either win or lose. The sportsbook will treat any selection that ties as a loss. Any cancelled game, also called “no action”, will also be a loss.

For example, suppose suppose your first selection wins and your second ties. The sportsbook will payout on the first selection and you’ll lose on the second. Remember, this is an if bet win-only.

Consider trying an If-action bet if you think one of your selections might tie. An If-action bet means your next selection sees action if the previous one wins, pushes, or is no-action (game cancellation).

How to Place a win-only If Bet

  1. Select 2-7 point spreads, moneylines, totals, or combinations of all three from one or more different sports leagues.
  2. Your next selection sees action if the previous one wins.
  3. The sportsbook will grade a tie selection as a loss.

If Bet win-only Example

Let’s place a 3 selection if bet win-only. We’ll risk $110 on the first selection. The last selection is a moneyline. Note how the odds affect the potential payout.

New York Jets +3 -110 Point Spread
Denver vs. Houston 42 o -110 Total
Dallas Cowboys -150 Moneyline

The following tables show different outcomes depending on each selection’s result. Remember, the sequence ends after the first losing selection.

This table shows the Win/Loss result when all 3 selections win.

All 3 Selections Win
Selection Result Risk/Win Total Win/Loss
New York Jets +3 -110
Point Spread
Win $110 Risk
$100 Win
$100
Denver vs. Houston o 42 -110
Total
Win $110 Risk
$100 Win
$200
($100 + $100)
Dallas Cowboys -150
Moneyline
Win $110 Risk
$73.33 Win
$273.33
($200 + $73.33)

This table shows the Win/Loss result when the last selection loses.

Last Selection Loses
Selection Result Risk/Win Total Win/Loss
New York Jets +3 -110
Point Spread
Win $110 Risk
$100 Win
$100
Denver vs. Houston o 42 -110
Total
Win $110 Risk
$100 Win
$200
($100 + $100)
Dallas Cowboys -150
Moneyline
Lose $110 Risk
-$110 Lose
$90
($200 – $110)

This table shows the Win/Loss result when the first selection loses.

First Selection Loses
Selection Result Risk/Win Total Win/Loss
New York Jets +3 -110
Point Spread
Lose $110 Risk
-$110 Lose
-$110
Denver vs. Houston o 42 -110
Total
No Action -$110
Dallas Cowboys -150
Moneyline
No Action -$110

More about reading Betting Odds

SportsBetting3.com’s article “How to Read NFL Odds” discusses how to read betting odds in detail.

If Bet win-only vs a Parlay Bet

An if bet win-only is much different than a parlay bet. A parlay groups multiple selections into one bet that wins if all selections win. If any selection loses, the entire parlay loses.

An if bet win-only is a chain of selections. The next bet sees action if the previous one wins. You collect up to the first losing selection or you collect on all winning selections.

Think of the parlay bet as an all or nothing wager, while the if bet win-only makes room for error. Successful parlays will pay more for taking on higher risk. However, an if bet win-only let’s you “get in and get out” for less risk in exchange for a lower payout.

Pros And Cons

Pros

  • The if bet win-only is best for those with small bankrolls.
  • Place the if bet win-only if you have less confidence in the second bet.
  • Make 2 or more bets when you only have money for one. This reduces the number of losing bets you can make at once.
  • Best for when you don’t have the money for a second or third wager. Set it and forget it.

Cons

  • Win-only if bets are bad for winning bettors who could profit more from separate straight bets or parlays.
  • Payouts for winning win-only if bets will be less than a winning parlay with the same selections.
  • If bets don’t manage risky behavior. After losing the first selection, you could still bet the second or third selections separately.
  • Less common – Some sportsbooks limit the size of each subsequent selection’s wager.

Tips

Put your best foot forward

Start with the most likely winner to anchor the if bet win-only. You need this one to win before the other selections see action. If it loses, the bet is done.

When you’re low on money

Use the if bet win-only as a bankroll management tool, particularly when you’re low on money. A successful if bet win-only means you won’t have to deposit any more money.

Risk Management

Place an if bet win-only when you’re more confident in your first bet than the second, third, or fourth.

Only for losing bettors

The if bet win-only is best for bettors on a losing streak. Don’t use it if you can win more than 52.5% of games. In this case, separate straight bets would be more profitable. No “luck” would be required to win the first game.

Be disciplined

If your first bet loses, don’t make a separate straight bet on the second game. Successful bankroll and risk management will keep you active and profitable in the long run.

Advanced If Bet Win-Only Tactics

Use parlays if your win percentage is below 72% when making codependent wagers. For example, the game favorite as your first selection and over a low game total as the second. Use the If/Reverse bet if your win percentage is better than 72%.

Bets to Try

  1. Now and Later – If the Favorite wins the afternoon game, then take the underdog in the night game.
  2. Underdog and Under – If the Underdog wins against the spread, then bet under the game total. This is also called a codependent wager.
  3. March Madness If Bet – If you’re doubtful about a few first round matchups, bet multiple games at once on the cheap.
  4. Super Bowl If Bet – If the favorite wins against the spread, then bet over the game total (another codependent wager).

History

If Bet was invented by Brad McFarlane. McFarlane is thought to be the VIP Host and betting consultant at an offshore sportsbook. McFarlane created the concept from his “loathing of cleaning crews and a bit of luck”.

If Bet win-only Other Names

  • If Action Bet
  • Jaibi Wager

Similar Bets

  • Double Action: If Win, Push or Cancelled THEN next bet
  • Double Action: If lose THEN next bet
  • Reverse Bet
  • Rolling If Bet
  • Round Robin Bet

Tables and Reference

The following table compares the Win/Loss outcomes for 2 straight bets vs an if bet win-only with the same 2 selections.

In particular, notice the difference in money lost when both bets lose. The if bet win-only is less costly compared to losing two separate straight bets. This conclusion assumes the bettor is disciplined, meaning they don’t bet on the second selection separately after their first selection loses.

2 Straight Bets vs If-Bet Win/Loss Comparison. $110 to win $100
Result Straight W/L If Bet W/L
Both Win +$200 +$200
Both Lose -$220 -$110
Team A Wins, Team B Loses -$10 -$10
Team A Loses, Team B Wins -$10 -$110
Totals -$40 -$30

Required Reading

References


https://en.wikipedia.org/wiki/If_bet