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Wager types & payouts Exotic Bets Sportsbook rules Terms & conditions Wager limits
If Bets
Reverses
Round Robins
Rolling If Bets
Asian Handicaps

Sportsbook Main Exotic Bets


If-Bets (Win Only) - An If-Bet is a chain of wagers that carry over to the next bet only if the player wins the initial selection.  The player has to wager a fixed amount on the first selection.  A new selection can be placed with another fixed amount, up to the payout amount of the subsequent wager. 

The player must win the first wager in order for the remaining wagers to have action.  If the first wager loses or pushes, there is no subsequent action.  As each selection wins, there will be action on the following wager.  There may be up to 15 selections in one If-Bet.  Correlation restrictions for If-Bets are the same as they are for parlays.

If "action" is selected on baseball moneyline wagers, the total risk amounts deducted at the time of placing an If-Bet may exceed the amount of the initial wager selection.  This risk increase is due to a potential price change, in the event of a pitching change.  To avoid available funds being frozen until the wager is closed, always choose listed pitchers in your If-Bet selections.

If-Bets (Win and Push) -

If-Bet Win Only Examples:

Example One:
Place a fixed wager on the St.  Louis Rams (-7, -110) for $220 to win $200.
If the Rams win, a fixed wager, up to the payout amount of the previous wager may be placed on the next selection.  The subsequent wager may risk up to the previous payout of $420.
A wager on the Detroit Lions (-3 -110) for $330 to win $300 is placed.
If the Lions also win, the player would collect winnings on both wagers with a total profit of $500.


Example Two:
Place a fixed wager on the St.  Louis Rams (-7, -110) for $220 to win $200.
If the Rams win, a fixed wager, up to the payout amount of the previous wager may be placed on the next selection.  The subsequent wager may risk up to the previous payout of $420.
A wager on the Detroit Lions (-3 -110) for $330 to win $300 is placed.
If the Lions selection loses, the player would collect winnings on the Rams (+$200) and lose (-$330) on the Lions. 


Example Three:
Place a fixed wager on the St.  Louis Rams (-7, -110) for $220 to win $200.
If the Rams lose, any further selections after the Rams selection will be "No Action".  The player would lose only (-$220) on the first wager.

Same as If-Bets (win only) but in this case, a subsequent wager has action if the prior bet wins OR PUSHES.

If-Bets Win & Push Example:

Example One:
Place a fixed wager on the St.  Louis Rams to win with spread of (-7).
If the Rams win or PUSH, a fixed wager, up to the original amount, is placed on the Detroit Lions to win with spread of (-3).
In the event of a push in initial game, If Detroit wins, player would win $100.00.  If Detroit would lose, player would lose $110.00.

Rolling If-Bets - A Rolling If-Bet (RIF) is a straight, parlay or teaser wager made contingent on the outcome of a previously placed wager that is still pending.  The pending wager can be a wager on an event that is in progress or it can be a wager on an event that has yet to begin.  The pending wager cannot be an existing IF-Bet, Reverse, any play with an open leg (Parlay or Teaser), a Free Play, or an Asian Handicap.  You can only make a RIF from a Straight Bet, a Teaser/Progressive, or a Parlay.

How to place a RIF - Once logged into the sportsbook main select Straight, Parlay or Teaser/Progressive from the sportsbook main-wagering menu.  The RIF is only available if you select one of these menu items.  RIF wagers are not available when Bet the Board is selected.

Make your Straight, Parlay or Teaser selections.You will then be able to enter your wager amount. To make a RIF wager, click on the IF button next to the wager amount.


After selecting the IF button a window showing all of your eligible pending wagers will display:


Rolling If   Bets


Caution! If you only enter the Risk or Win amount, and fail to select a pending wager, the wager will not be considered a Rolling-If Bet.  It will be considered a straight, parlay or teaser, depending on your original selection.

Rolling If-Bet (RIF) Rules - When you make a Rolling-If Bet (RIF) from a Parlay that contains a Baseball side, and that side was placed using Action for the pitching option, you can only use the amount you are laying/risking on the first Parlay for the second bet.  If, on the other hand, the Baseball side was placed using listed pitchers (or a Run-Line or a Total), you can have the proceeds from the first bet (the lay and any winnings) placed on the second bet.

If you have a Parlay or Teaser and any of the entries tie/push/cancel, the amount available for the RIF If-Wins-Only is the amount you lay plus any winnings from the remaining selections.  This amount is the figure that would be paid into the account if the wager would finalize at that time.  If you lay an amount in the next leg of an RIF If-Wins-Only greater than the payout from the prior play, you will have no action on the RIF If-Wins-Only.  Even if one or more wagers tie/push/cancel, as long as there is one winning wager and the payout exceeds the risk amount of the subsequent RIF If-Wins-Only wager, the next leg of the RIF If-Wins-Only wager will have action.

"RIF Wagers" & "Filling in spots on open-parlays" cannot be done with certain wagering options after a sports series or golf event has begun.  3 and 4 game baseball series prices are blocked from RIF wagering when odds are posted in the second game of the series.  Full tournament offerings in golf are blocked for RIF wagering between the first and second round of an event. 

Round Robin - Easily turn your parlay into a Round Robin.  A Round Robin bet is a method to box a parlay.  Sportbet automatically calculates the combinations for you.  A "Round Robin with 2's, 3's" would include all the possible two team and three team parlays which can be made with all the current selections.  The risk amount entered will be the desired risk amount on each individual combination created.

How to place a Round Robin bet - Once logged into the Sportsbook main, select Parlay from the sportsbook main-wagering menu.  Make your Parlay selections.

Verify your selections.  Below the selections, you may change your “Single Parlay” into your desired “Round Robin.”

Round Robin


Once you have selected your desired Round Robin, you will be asked to enter a risk amount.
A screen showing your wagers will appear.  Please verify your selections then Submit. 


Round Robin

To check the status of your wager, simply click "Pending Wagers" in the Sportbet toolbar.

Reverses - A reverse bet (also known as an action reverse) is a set of if-bets going both forward and in reverse order.

For Example: (using Football and Baseball):

The First Part:
Philadelphia Eagles -8 $110 to win $100 Double Action (If win, push, no action, or cancelled)
Then
Cleveland Indians (-175) Risk $110 to win $63
Second Part:
Cleveland Indians (-175) $110 to win $63 Double Action (If win, push, no action, or cancelled)
Then
Philadelphia Eagles -8 Risk $110 to win $100
Total risk- $220 (maximum risk) to win $326

Possible outcomes:
If the Eagles and the Indians both win, you will win $163 on the first part of the wager and $163 on the reverse part, for total winnings of $326. 

If the Eagles win and the Indians lose, you will lose $10 on the first part of the wager and $110 on the reverse part, for total losses of $120. 

If the Indians win and the Eagles lose, you will lose $110 on the first part of the wager and $47 on the reverse part, for total losses of $157. 

If one team pushes, is no action, or is cancelled and the other team is a loss, you will lose $220. 
If one team pushes, is no action, or is cancelled and the other team wins, you will either win $126 (63+63) for the Indians or $200 for the Eagles (100+100).

Asian Handicaps -Asian handicaps are most commonly available for soccer matches.  Asian handicaps may also be used for other sports such as football, baseball, basketball, hockey, and any other event where a pointspread/handicap is used.

An Asian handicap operates in a similar way to the traditional handicap.  But there is a guarantee of funds being won or lost on each selection.  There will be two handicaps listed for a game.

For example;
Arsenal -½, -1      -130
Chelsea +½, +1  +110
If you select Arsenal and risk $260 to win $200, your actual bets would be Arsenal -½ -130 $130 to win $100, and Arsenal -1 -130 $130 to win $100. 

If Arsenal wins by two or more goals, you would win both halves of your selection.  The profit would be $200. 
If Chelsea wins the game or the match ends in a draw, you would lose both halves of the selection.  The loss would be $260. 

If Arsenal wins the match by exactly one goal, you would win the -½ goal selection and push on the -1 goal selection.  The profit would be $100.

If you select Chelsea and risk $200 to win $210, your actual bets would be Chelsea +½ +110 $100 to win $110, and Chelsea +1 +110 $100 to win $110. 

If Arsenal wins by two or more goals, you would lose both halves of your selection.  The loss would be $200.
If Chelsea wins the game or the match ends in a draw, you would win both halves of the selection.  The profit would be $220. 

If Arsenal wins the match by exactly one goal, you would lose the +½ goal selection and push on the +1 goal selection.  The loss would be $100.

Totals can also have split offerings, and work similar to Asian handicaps.  For example, if a player bets Arsenal/Chelsea game under 2½, 3 -110, half the bet would be under 2½, and half would be under 3.  Just like the Asian handicap on the side of a match, a player could win/lose all or half of their bet depending on the outcome of total goals.

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