"If Bet" question for forum.....

[Marco]

Curious to know...I place some "if bets" now and then......for those not familiar with the "if bet", it's a way to use limited funds or bet on games that play simultaneously or overlap......

Say you had two games you wanted to bet, one started at 12pm and the other at 3pm...say Sunday football....you liked both games but you're limited on funds so you place an "If bet", where if the early game finishes after the second one starts, you have action on the second game....

I notice some outs require that the first selection of the if bet run before the starting time of the second selection......

I've often toyed around with the thought.....is there a way to set up an if bet where the late game is the first selection of the if bet, and then you can watch the early game and hedge/washout your bet depending on the outcome of the first game, which is the second selection for the if bet?

Kinda confusing to explain, say the late game is a pac-10 game starting at 9pm....that is the first selection of the if bet.....say a big-10 game is starting at 11am....that is the second selection of the if bet......you watch the outcome of the big ten game.....you know the outcome of the second half of the if bet.....the late game determines if you have action on the big-ten game, of which you already know the outcome....

So is there any way of hedging/washing out/weighing each bet to either break even or make a profit?

Something tells me there could be a angle here but then again maybe I'm dreaming....

 

[FatTony]

Curious to know...I place some "if bets" now and then......for those not familiar with the "if bet", it's a way to use limited funds or bet on games that play simultaneously or overlap......

Say you had two games you wanted to bet, one started at 12pm and the other at 3pm...say Sunday football....you liked both games but you're limited on funds so you place an "If bet", where if the early game finishes after the second one starts, you have action on the second game....

I notice some outs require that the first selection of the if bet run before the starting time of the second selection......

I've often toyed around with the thought.....is there a way to set up an if bet where the late game is the first selection of the if bet, and then you can watch the early game and hedge/washout your bet depending on the outcome of the first game, which is the second selection for the if bet?

Kinda confusing to explain, say the late game is a pac-10 game starting at 9pm....that is the first selection of the if bet.....say a big-10 game is starting at 11am....that is the second selection of the if bet......you watch the outcome of the big ten game.....you know the outcome of the second half of the if bet.....the late game determines if you have action on the big-ten game, of which you already know the outcome....

So is there any way of hedging/washing out/weighing each bet to either break even or make a profit?

Something tells me there could be a angle here but then again maybe I'm dreaming....

Time should not matter for an "if" bet. Why some books have a problem with this, is beyond me.

Before I used offshore books, I never had an office tell me I couldn't put the 4pm game first over the 1pm game.

 

[Doug]

I remember an old thread about open-ended if bets, seems you pair a dog with a fav and can't lose, but no books allow it any longer.

 

[Marco]

Fat Tony....I tend to agree that time should make no difference, but it still makes me wonder why some books require that the first selection be the early game.....

I'm still thinking there should be some way to scalp or hedge or at least wash out the bet because you know the outcome of the second half of the wager and the first half of the wager determines if the second half counts.....

If you knew the second half was a loser is there anything that could be done with the first half to make the day right.

Maybe this is more possible in baseball where runlines and heavy dogs can be played?

 

[Doug]

There was some angle about playing the opposite side straight on the second bet at another book.

 

[FatTony]

Fat Tony....I tend to agree that time should make no difference, but it still makes me wonder why some books require that the first selection be the early game.....

I'm still thinking there should be some way to scalp or hedge or at least wash out the bet because you know the outcome of the second half of the wager and the first half of the wager determines if the second half counts.....

If you knew the second half was a loser is there anything that could be done with the first half to make the day right.

Maybe this is more possible in baseball where runlines and heavy dogs can be played?

Here's the thing. If a book takes a reverse, they should take this. Same thing. Hit the first part and now you could hedge.

Hedging doesn't help you. It worse then flat betting.

 

[Doug]

Maybe the thread I was thinking of dealt with reverses not if bets.

 

[pokerpills]

70 percent of all my plays are IF BETS and I will not play with a book that will not offer them. Most of the top tier books will let you if-bet regardless of the times. Hedging If -bets are not beneficial. It is better to hedge parlays.

 

[trytrytry]

an If bet is a money line parlay.

 

[Doug]

Anybody remember the thread about open-ended plays, must have been reverses ?

 

[FatTony]

Anybody remember the thread about open-ended plays, must have been reverses ?

I remember. It had to do with open ended reverses for baseball. Someone said they had a system.

 

[Doug]

It sounded fool-proof except you can't get a book to take it ! I don't do well on searches.

 

[silver7]

Poker Good Point

I hedge NFL 2 tem 6pt all the time, won a lot of money doing it. I like to have the Sun or Mon nite w/pic, - 1 or 2. Take the dog in the 2nd gm plus covering the key #`s 3,4,6,&7. Bet the fav. back & win both. Worst case split. Of course you have to win the early gm. The even money 2 tm, 6 pt tease is hard to find, some even have it at 6/5 now!

 

[Doug]

found it



http://forum.therx.com/showthread.php?t=267512&highlight=open+reverses

 

[Marco]

Fat Tony......I read that thread that DougJ got out of the archives.....

You mentioned in that thread that at times you played reverses.....

Perhaps you or some of the other guys who are more familiar with these reverses could comment:

In that thread there was a link that gave an example of a two team reverse for $100....total risk was $220 to win $620....

If that example was correct, if one was to play either straight parlays or reverses, wouldn't it pay better to play the example above risking 220 to win 620, instead of playing a straight two team parlay at 13/5 risking 220 to win 572?

There would appear to be a $48 difference between the $620 payout playing the reverse vs the $572 payout playing a straight two team parlay....both risk amounts are the same, at $220....

Am I missing some math here that makes my query flawed?

 

[FatTony]

Fat Tony......I read that thread that DougJ got out of the archives.....

You mentioned in that thread that at times you played reverses.....

Perhaps you or some of the other guys who are more familiar with these reverses could comment:

In that thread there was a link that gave an example of a two team reverse for $100....total risk was $220 to win $620....

If that example was correct, if one was to play either straight parlays or reverses, wouldn't it pay better to play the example above risking 220 to win 620, instead of playing a straight two team parlay at 13/5 risking 220 to win 572?

There would appear to be a $48 difference between the $620 payout playing the reverse vs the $572 payout playing a straight two team parlay....both risk amounts are the same, at $220....

Am I missing some math here that makes my query flawed?

A reverse is risking $220 to make $400 on a $100 bet. I don't know where that example is unless they're including a ML dog in the bet which would change the odds. If that's the case, you still have to lay odds the other way to hedge it.

Trust me. Hedging these bets is worse then flat betting.