Reverse Bets Explained
Example of Reverse BetConsider a case where there are two NFL games on a betting board that we are interested in–The New York Giants (-4) vs. the New York Jets (+4) and the New Orleans Saints (-3) vs. Tampa Bay Buccaneers (+3). Now, supposedly we wanted to bet on the Jets (+4) and the Saints (-3) in a $100 2-team parlay, the payout would be $264.64 if both teams are successful, or we’d lose the full $100 stake if we either or both selections are unsuccessful. Rather than take that risk, we can instead decide to place a reverse bet as follows:
- Bet #1 Jets (+4, -110) $50 to win $45.4545.
- If win, push, tie, or cancelled –Then: Saints (-3, -110) $50 to win $45.4545
- Bet #2 Saints (-3, -110) $50 to win $45.4545.
- If win, push, tie, or cancelled – Then: Jets (+4, -110) $50 to win $45.4545
- If both teams lose, you would lose your $100 stake
- If both teams win, you would win $45.4545 four times (totaling to +$181.82)
- If one team wins and the other one loses, you would win $45.45. But also, since you moved your $50 return of stake to the team that lost (adding $50 stake on that also lost), the calculations would be as follows: (+$45.45) + (-$50) + (-$50) = -$54.55.