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Articles From WagerOnHoops.com
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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.
Please note: The wager description
will always display the MAXIMUM risk amount, being
the most you can lose with a loss of the first
and second of the two wagers, and the MAXIMUM
win amount, being the most you can win with both
wagers winning on the ticket.
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.
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