If you are punter who is looking to limit exposure to losses while expanding the possibilities of winning wagers through “IF” combinations, then you certainly need to consider applying reverse bets in your online betting endeavors. By definition, a reverse bet is more-or-less a fancy name for a double action IF wagers, where the betting action goes in both forward and reverse order.
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.