Reverse Bets
Definition
A reverse bet is a series of 'If' bets going both forward and in "reverse" order. Each team included in the reverse bet will pair with the other team to form two 'if' bets.
Example:
1st part:
New England Patriots -8 $110 to win $100
Action (If win, push, "No Action", or canceled)
Buffalo Bills (-175)
Risk $110 to win $63
2nd part:
Buffalo Bills (-175) $110 to win $63
Action (If win, push, "No Action", or canceled)
New England Patriots -8
Risk $110 to win $100
Total risk $220 (Maximum Risk) to win $326 (Maximum Win)
Reverse Betting Rules
Definition
A reverse bet is a series of 'If' bets going both forward and in "reverse" order. Each team included in the reverse bet will pair with the other team to form two 'if' bets.
Example:
1st part:
New England Patriots -8 $110 to win $100
Action (If win, push, "No Action", or canceled)
Buffalo Bills (-175)
Risk $110 to win $63
2nd part:
Buffalo Bills (-175) $110 to win $63
Action (If win, push, "No Action", or canceled)
New England Patriots -8
Risk $110 to win $100
Total risk $220 (Maximum Risk) to win $326 (Maximum Win)
- If the Patriots and the Bills both win you will win $163 on the 1st part of the reverse wager and $163 on the second part, for total winnings of $326.
- If the Patriots win and the Bills lose you will lose $10 on the first part of the reverse wager and $110 on the second part, for total losses of $120
- If the Bills win and the Patriots lose you will lose $110 on the first part of the reverse wager and $47 on the second part, for total losses of $157.
- If one team pushes, is "No Action" or is canceled and the other team is a loss you will lose $220.
- If one team pushes, is "No Action" or is canceled and the other team wins you will win either $126 for the Bills or $200 for the Patriots.
Reverse Betting Rules
- Only the four major sports: football, basketball, baseball, and hockey can be included in reverse bets.
- Only two bets can be included in a reverse bet.
- Circled games, parlays and teasers cannot be included in reverse bets.
- A reverse bet must be placed prior to the start time of the earliest event on the ticket.
- Both bet amounts MUST BE EQUAL.
- In reverse bets, each part or sequence has "If Action". The second bet will not have action unless the first bet is a win, push, no action, or canceled.
- You cannot place reverse bets for futures or props.
Fat Tony said:
Parlays pay higher - but you have to win both sides of the parlay ex- 2team parlay lay 200 win 520
As Max said a 2-team DAR forms two "if-win tie" that are chained -- lay 200 = 2 bets laying 100 to win 181 total payout $362 -- the advantage here is if you win the first bet you get paid 181 and then have action on the second - win the second and you get paid $362 lose the second and still get paid on the first.
lose the first and you do not have action on the second -- disadvantage = win on both and and you WISH you played a parlay for a $520 payout:toast:
Fat Tony said:
I was doing figures on a standard -110 ml
on a 2t parlay with 1 - -110 and another -175 lay 200 get 400
on a 2 team DAR 1 with a -175 and another with -110 you would need to lay $350 to win $400 on each team or $700 to win $800
with both sides at -110 you lay 220 for 400 on each side of the reverse or $440 to win 800
odds say 4-1 but remember that you are placing 2 bets - you pay twice plus juice
The example Maxdemo uses is from Bodog. They're the only ones who factor a reverse where you could only risk -110 on each side. It's completely retarded and there's no advantage either way to other books with their reverses. Just more confusing if you ask me.
I've emailed them about it and they know they do it differently.
I've emailed them about it and they know they do it differently.
jademan said:
What?
I'll write this out. These are the three different scenarios of a reverse. Lets make it easy and make both bets -110 for $100 reverse.
BOTH WIN Team a +100
.............. Team b +100
reverse.....Team b +100
...............Team a +100
-------------------------
.........................+$400
One win, one lose Team a +100
..........................Team b -110
reverse................Team a -110
---------------------------------
...................................-$120
Both Lose....Team a -110
.................Team b -110
--------------------------
...........................-$220
