Reverse Bets

 

 


One method of betting in the NFL that is generally underused is the reverse bet. However, it is easier to understand when one first understands the “if” bet. The latter is simply a creative way to avoid a two team parlay, yet still combine two straight bets. The potential payout is less than that associated with a parlay, but so is the bettor's risk of not winning at all. Take for instance the following example:

Dallas Cowboys -4
OVER 46

With this scenario, the bettor is hoping the Cowboys beat the Seahawks by more than 4 points. He or she also wants to place a wager on the “over” for a total of 46 points. The bettor can simply make two straight bets separately on a $210 wager. The second option is to play a $220, two-team parlay. However, there is also a third alternative for betting on this game, which is the “if” bet. With this type of bet, the individual wagers $110 for each of the two lines in question on the Cowboys -4. If they cover, then the bet's second part comes into play, and the $110 is bet on the total. If the Cowboys do not cover the spread, the bet is terminated and the second leg ignored. If Seattle wins by exactly 4 points or the game is canceled or ruled “no action,” it is treated as a basic push and the amount wagered is returned. However, this is only the case for “win only” bets. Bettors also have the choice of playing an “action” bet. With such bets, if the first leg does not lose, the second leg is processed. This means that pushes, wins, cancellations and “no action” rulings all count. 

With a reverse bet, the person is essentially placing two bets simultaneously, with the order reversed in one of the two halves. For instance: 

First Half
Cowboys +4
OVER 38

Second Half 
OVER 38
Cowboys +4

The 1st half plays out exactly like the initial “if” bet; however, the loss is only $55, rather than $110. In the 2nd half, the over 38 pays $50, but the Cowboys failed to cover, so the bettor loses $5. This means the total loss is $60, which is significantly less than a loss of $110. This is why reverse that should not be overlooked.