If Bet: Mobile Sports Betting
These are two (or more) straight wagers combined by an "if clause". This means "if" you win your first bet, you are permitted to place another bet. It is also possible to find two forms of this bet. One being an "If win" often called "single action", meaning you must win the first bet to go on to the next bet. The other is an "If win or tie" often called "double action", meaning your first bet could win, tie, cancel, or be postponed and you could go on to the next sports bet. If you do not win your first sports bet, your additional sports bets have no action.
This is a very affordable sports bet, since it permits you to risk less money than it would if the bets were made individually. You make your first bet - then "IF" they win, your original bet is used again to place the next bet. This continues on until all of the events have taken place. The main thing to remember about this type of sports bet is this: to proceed to the next bet, you must win the present bet. This type of mobile sports bet will normally pay $100 for every bet of $110, or $10 for every $11 plus you also get your original bet back.
Example of a Four Team If Bet in Football:
Team Steelers Cowboys Dolphins Giants Overall
Bet $110 $110 $110 $110 Return
Payout $100 $100 $100 $100
Example 1 Win Win Win Win
Outcome +$100 +$100 +$100 +$100 $510
Example 2 Win Win Win Lose
Outcome +$100 +$100 +$100 -$110 $190
Example 3 Win Win Lose No Bet
Outcome +$100 +$100 -$110 0 $ 90
Example 4 Win Lose No Bet No Bet
Outcome +$100 -$110 0 0 -$10
Example 5 Lose No Bet No Bet No Bet
Outcome -$110 0 0 0 -$110
Mobile Sports Betting Tip: It is advised that you make sure you are aware of all of the rules concerning If bets, prior to placing any. You will find several mobile sportsbooks that will consider all If bets to be Single Action (If Win), unless they are specified as a Double Action (If Win or Tie). Two more things to keep in mind is the majority of mobile sportsbooks will not permit the succeeding bets to be in larger amounts than the initial bet and most If bets will not permit point buying.
Note: If bets are normally used in football, baseball, hockey, and basketball. It is also possible at many mobile sportsbooks to combine different sports to create an If bet. Since the only difference among the various sports you can place this type of bet on is the team (participant) name, all of the If bets would be figured as explained above.
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