If Bets Explained

An 'If Bet' is another types of wager that can be made on sports. An If Bet is different from a straight wager, and more similar to a parlay. But there are some differences you should be aware of between an If Bet and a Parlay. Keep reading more below as we will cover the multiple types of If-Bets and help you understand betting odds that fuel them.

What Is An If Bet?

An 'If Bet' can only be made after the original wager is made and won. An If Bet gives the bettor options to bet on more than one game if the previous bet before is a winner. For example, if you place a wager on the original game and it's a winner, an If Bet would require the total payout to be risked on the next wager. If a an If Bet is lost, the total payout is subtracted from the last bet made.

Example Of How If Bets Work

You choose to bet on the Atlanta Falcons, who are set as 3-point favorites over the New Orleans Saints at $110 to win $100. The second wager is one the New York Jets favored by 7 points over the Buffalo Bills at $120 to win $100. If the Falcons win, that entire $210 (the original bet plus the profit) goes to the next If Bet on the Jets. It would be $210 to win $190. If that wager is won, than the profit cash out of $400 is won. The worst that could happen if you lose the second bet after winning the first bet is that only the profit will be lost.

Types Of If Bets Offerd At Sportsbooks

There are two different types of If Bets that can be placed. The first type is an 'If Win Only'. An if win only bet is made only if the first part of the If Bet is won. The second type of wager on an If Bet is an 'Action' wager. An Action bet is made on the second part of the If bet regardless of the win or loss from the first bet.

An "If-win bet" is the choice of gamblers concerned with money management or those who like to spread their bets around a number of different games. In an if bet, the player wagers a fixed amount on one team, and if that team wins then the original bet amount is passed on to the next matchup, in most cases up to a maximum of seven if-wins.

The reason this type of bet is smart for bettors concerned with bankroll management is that an if-bet can limit your losses even when they're spread across multiple contests, sports, or teams.

Bovada Sportsbook - Best Sports Betting Site For If Bets

Bovada's online sportsbook can provide all of the if betting action that American gamblers are looking for when they turn to the Internet to wager. Though this website caters to large bankroll gamblers as well, they're happy to take if bets from gamblers who may not have a huge betting amount to begin with.

Bovada's first time deposit bonus offer is very generous, a 50% match worth up to $250, though if you live in the United States it's important that you note that no one living in the state of New York, Maryland, Delaware, Nevada or New Jersey are allowed to place bets through Bovada's online sportsbook. Should you find yourself in that position, please explore other acceptable options like those listed directly below!

BetOnline Sportsbook - Best Sportsbook Bonuses And Promotions For If Bets

BetOnline is another USA-facing sportsbook that allows for if betting. BetOnline caters to players from all over the United States, including those from states with strict anti-online gambling laws. BetOnline has as many if bet options as Bovada and its other competition, but an even stronger bonus deposit offer. All deposits to BetOnline are eligible for a 25% match up to $1,000. Want to place a series of bets across a series of games or sports? Check out BetOnline's if bet lineup.

SportsBetting's Sportsbook - Lots Of Betting Odds + Tons Of If Bet Options

Sportsbetting.ag is another USA-facing sportsbook that offers if bet propositions for gamblers with smaller bankrolls who tend to make if bets rather than tie up large amounts of money in parlays. Sportsbetting.ag mimics BetOnline's bonus deposit offer of 25% up to $1,000 on every deposit you make for the life of your membership with the site. Sportsbetting.ag has a competitive list of if bet options for their customers, and Americans are welcome to bet and make deposits to the site.

Deposit Bonuses
Visit Sportsbook
$1,000 Max - 50% Bonus All 50 States Go To BetOnline
$250 Max - 50% Match 46 States Go To Bovada
$1,000 Max - 50% Bonus All 50 States Go To Sportsbetting
100% to $500 All 50 States Go To BetDSI
$520 - 50% Player Bonus All 50 States Go To 5Dimes