If Bets are bets based on conditions and allows the client to limit his risk while increasing his betting power by placing multiple bets on one betting ticket. Every bet after the first bet only has action if the previous bet in order has been successful. This action limits the dollar amount risk to the first bet on the ticket.
At BetRoyal.com you have two options for If Bets: IF Win Only, or IF Win, Ties or Cancels Bet.
An If Win Only bet entails making from two to six separate sports bets (sides or totals). The bets are independent and each bet must win in order to have action on the following bet.
When betting If Bets each individual bet must be organized in a manner whereby any match chosen will be finished before the next match in sequence begins. Example; you make a If Win Only bet with the Colts -7, risking $110 to win $100 and then the Bills -10 risking also $100 to win $100.
In this example if the Colts do not cover the point spread you lose the Colts bet, and have no action on the Bills. Should the Colts cover the betting spread and the Bill do not, then you would win $100 dollars on the Colts bet and lose $110 on the Bills bet, this would give you a net loss for the If Win Only Bet of $10. If both teams you bet cover the spread then you would win $100 on the Colts and $100 on the Bills for $200 net winnings.
If Win, Ties or Cancels Bet
The basic difference between the IF Win Only and the If Win, Tie or Cancels is that you have betting action on the second bet if your first bet wins, ties or is canceled rather than only winning.
In the case of If Win Only you could not use the winnings in the second bet, as the first bet may have tied or been canceled. In the above case mentioned with the Colts and the Bills, if the Colts tied or that game was canceled with the IF Win Only, Ties or Cancels you still have betting action on the 2nd bet with the Bills.
Please Take Note:
Bet Royal does not permit betting IF Bets on the Following:
The real advantage of an IF Bet is that it Reduce the exposure to losses. The 2nd bet will only take place if you win the 1st bet and therefore the maximum to lose is the original amount bet on the 1st bet. I you win the first bet the original money is used to place the 2nd bet.
Therefore this type of be is very useful when your funds for betting are low as you can use the same funds to bet up to six separate games.
Bet Royal does not allow IF Bets on any of the following: