could anyone explain the difference in an if win bet and a parlay?

[SC2009]

seems practically the same since all teams have to win in the long run... thanks.

 

[Mamon]

usually not everything is down on the second team like in a parlay

 

[BronxCheer+]

Straight Bets

Straight bets are made when you choose a team and the point spread. The cost of the bet is 10/11 or $110 to win $100.
Example:

Toronto Raptors +6
Chicago Bulls -6​

• If the straight bet is on the Bulls -6 then the Bulls must win by more than 6 points for the bet to win.
• If the straight bet is on the Raptors +6 then the Raptors cannot lose by more than 5 points for the bet to win.
• If the game lands on 6 pts. then your bet is a 'push' and will result in 'no action'. i.e: Final Score: Rap 90 and Bulls 96

Parlay Payoffs


Two or more teams or totals can be combined to make one wager. Circled games cannot be parlayed. Proposition plays, and future bets cannot be parlayed.
You may estimate Parlay Payoffs by following steps (example provided):
Let's say you play the Pirates +150 and the Pirate game over 8 -120 in a two team parlay and you bet $100. Use the following steps to determine your winnings.

1. Calculate Parlay Factor for each piece: if the price of the piece is positive - simply add one to get factor, if the price of the piece is negative v calculate reciprocal, multiply by -1, and then add one.
   1.50 + 1 = 2.50
   -1.20 (take reciprocal or divide one by the negative price) 1/1.20 = 0.83 + 1 = 1.83
2. Multiply all factors - then multiply this factor times the bet amount - the result is the payoff (including your bet).
   2.50 x 1.83 = 4.57 (now multiply this times your bet) x 100 = 457
   $457 is your total return if both pieces win (including your bet amount).
3. Subtract your bet from the figure calculated in 2 - Result is your winnings.
   457 - 100 = 357 Winnings

This will also work for three, four, five,... team parlays, simply follow the steps. Note: This will provide you with a rough estimate; actual winnings may differ due to rounding.
In case of tie or no action the parlay will revert to lower level payoff, except in a 2 team parlay where a tie reverts to a straight bet.
Parlay Payouts

<TABLE cellSpacing=0 cellPadding=0 width="30%" align=center border=0><TBODY><TR><TD width="60%">2 TEAMS</TD><TD width="40%">2.8</TD></TR><TR><TD>3 TEAMS</TD><TD>6.5</TD></TR><TR><TD>4 TEAMS</TD><TD>12</TD></TR><TR><TD>5 TEAMS</TD><TD>20</TD></TR><TR><TD>6 TEAMS</TD><TD>40</TD></TR><TR><TD>7 TEAMS</TD><TD>70</TD></TR><TR><TD>8 TEAMS</TD><TD>100</TD></TR><TR><TD>9 TEAMS</TD><TD>150</TD></TR><TR><TD>10 TEAMS</TD><TD>300</TD></TR><TR><TD>11 TEAMS</TD><TD>450</TD></TR><TR><TD>12 TEAMS</TD><TD>600</TD></TR><TR><TD>13 TEAMS</TD><TD>750</TD></TR><TR><TD>14 TEAMS</TD><TD>900</TD></TR><TR><TD>15 TEAMS</TD><TD>1500
</TD></TR></TBODY></TABLE>

 

[BronxCheer+]

on the other hand!!

 

[BronxCheer+]

If Bets


"If bets" allow our members to make a second wager pending a win on the first selection. "If" wagers must be made on one call.
Example:

Dallas Cowboys -5 $110 to win $100
IF (if win, tie, or cancel)
Carolina Panthers +4 $110 to win $100
​

• If the Cowboys lose, the wager stops there and is scored a loser -$110
• if the Cowboys win +$100 the wager continues to the Panthers wager
• if the Panthers win, the wager is a $200 winner
• if the Panthers lose the wager is a $10 loss.

 

[BronxCheer+]

BTW at www.betphoenix.com we pay better odds than many books for example check with the book you bet and most likely you are getting on a two team parlays for every hundred only 260 and it continues, but please check it out

 

[SC2009]

thanks guys, I understand now

 

[BronxCheer+]

seems practically the same since all teams have to win in the long run... thanks.

btw on the IF bet they dont have to win, they may tie if thats the case of the IF bet you wish to take


on the other hand a parlay will revert

for example if its a 6 team parlay and the lakers won 99-90 and the line was -9 that would be a push! so it will revert to a 5 team parlay and now the payout will be lower

Also on the IF bet one of them is named IF lose, this means that if it losses you will continue to the next leg, we do not offer it yet I remember I had it when I worked at betonsports

 

[Geoff101]

at olympic there's a checkbox "Continue on a push"...if you check that box you must have the funds available to place wager if the first one pushes...

also, im seeing at olympic...if you do a 3 team or more if win, you can only roll as much as the second lay amount over...example:

bet A 110 to win 100, if win, Bet B 210 to win 410, BET C WILL ONLY LET YOU RISK UP TO 210....if they are all spread bets....

** because they dont want you turning a 3 game parlay at -110 into an IF WIN bet...because the IF BET pays more ****

 

[billhill999]

Many books have a if win or tie option.

 

[Illini]

A parlay is a series of all-in bets. Everything you win from the first plus your original stake goes all-in on the next one, and continues throughout all legs. You lose one game, you lose the entire wager.

On if-bets, you can specify how much of your winnings to bet on the next leg.

 

[cutacrossshorty]

If Bets


"If bets" allow our members to make a second wager pending a win on the first selection. "If" wagers must be made on one call.

Several outfits have "rolling wagers", which are "if" bets that don't have to be made on one call.

For example, You go "all in" on over the total in a 1PM NFL game. There's so many points scored that the game isn't going to get graded until 4:30 and you want to wager a 4:15 start with your winnings. The solution is to play a "rolling wager" on that winner.

 

[BronxCheer+]

I have seen that as well!! I think with all these replies he knows now!!