A reverse bet is an “exotic” bet in which you are able to put two or more “IF” bets together.
A Reverse Bet is two IF BETS back to back. What does this mean?
It means that I am betting two teams back to back twice. For example argument, I will use the Islanders and Rangers with different lines.
Let’s pretend the Islanders are -120 on the night and the Rangers are -150. The way that the Reverse Bet work is as follows:
I am betting on both teams to win for me to successfully win this bet. So the way the reverse bet breaks down into two if bets is this.
IF The Islanders WIN,
THEN the Rangers WIN,
IF the Rangers WIN,
THEN the Islanders WIN then my bet is complete and I win the full amount.
To make it easier we will practice on a $100 bet. So if the Islanders are -120, and the Rangers are -150 the bet will look like this:
If Islanders $120 to win $100
Then Rangers $150 to win $100
If Rangers $150 to win $100
Then Islanders $120 to win $100…
Now when placing the bet, you would be risking $270 to win $400… $150 on the Rangers, and $120 on the Islanders equals my $270.. If both teams win then I win the $100 bet 4 times.
Now, what happens if I lose one of the plays?
If the Rangers lose, this is what would happen:
If Islanders: Win $100
Then Rangers: LOSE $150
If Rangers: LOSE $150
Then Islanders – NO BET… Since this is essentially two IF bets, since the Rangers did not win, the second IF bet ends on the loss.
SO.. We WIN $100 on the Islanders, lose $150 on the rangers, and lose $150 again on the second rangers bet….
+$100
-$150
-$150
-$200… We lose $150 on the Rangers bet, and then the extra $50 comes from the VIG on the Rangers being -150 on the night.
If the Islanders lose, this is what would happen:
If Rangers: WIN $100
Then Islanders – LOSE $120
If Islanders: LOSE $120
Then Rangers: NO BET
… Since this is essentially two IF bets, since the Islanders did not win, the second IF bet ends on the loss.
SO.. We WIN $100 on the Rangers, lose $120 on the Islanders, and lose $120 again on the second Islanders bet….
+$100
-$120
-$120=
-$140… We lose $120 on the Islanders bet, and then the extra $20 comes from the VIG on the Islanders being -120 on the night.
Now, what happens if I lose BOTH of the plays?
If Rangers: Lose $150
Then Islanders – LOSE $120… Then you lose the full $270 you risked and your bet is over.
What is the difference between WIN REVERSE AND ACTION REVERSE?
Action reverse means that if for any reason your game is CANCELED, SHORTENED, or PUSHES, your bet gets skipped and you now have TWO STRAIGHT BETS?
This has more to do with even number Over Unders, and Baseball games with weather..
So if for any reason the Islanders game was canceled tonight here’s what the difference would look like:
ACTION REVERSE: RISK $300 to win $400
WIN REVERSE: RISK $270 to win $400
Why?
Because of this:
Action Reverse with a push or cancelation:
If Rangers: RISK $150 to WIN $100
Then Islanders – game canceled
If Islanders: game canceled
Then Rangers: RISK $150 to WIN $100….
So on an action reverse, your bet is SKIPPING the islander game and you now have the Rangers risking $150 to win $100 TWICE….
Win reverse would look like:
If Rangers: WIN $100
Then Islanders – game canceled
If Islanders: no bet
Then Rangers: no bet…
