Reverse Bet Calculator
The Reverse Bet Calculator is the most effective tool for working with “if bets”. Learn more about how to utilize this calculator to your advantage below.
Inputs
Reverse Type: Indicates if the reverse bet is WIN ONLY (pushes end the bet) or ACTION (pushes do not end the bet). Bet Amount: Dollar amount of the reverse bet.Number of Games: Total games in the reverse bet.Game N: Line on event #N and the result of the event (WIN, PUSH, or LOSS).
Outputs
Reverse Type: Indicates if the reverse bet is WIN ONLY (if a push occurs, the rest of the bet is cancelled) or ACTION (if a push occurs, the bet continues).Bet Amount: Amount of money placed on the reverse bet.Number of Games: Total number of games involved in the reverse bet.Game N: Line and outcome (WIN, PUSH, LOSS) of event N.
More Information
A reverse bet, also known as an action reverse, involves a series of if-bets placed in both forward and reverse order. An if-bet is a two-part wager where the second part only comes into play if the first part wins (or sometimes if it wins or pushes, depending on the bookmaker’s terms). A reverse bet includes all possible two-team combinations of if-bets that can be made from the teams involved.For example, a two-team reverse bet on teams A and B would consist of two if-bets: if A then B and if B then A. A three-team reverse bet on teams A, B, and C would involve six if-bets: if A then B, if B then A, if A then C, if C then A, if B then C, and if C then B.This calculator determines the maximum potential winnings and losses for a given reverse bet, as well as the outcomes based on whether each underlying game wins, loses, or pushes. The calculator accepts both US and decimal odds. Decimal odds equal to or greater than 100 should be entered with a “0” or “d” prefix. For instance, decimal odds of 200.0000 would be input as “d200” or “0200”.
Reverse Bet Calculator
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Action Reverse Bet
The reverse bet calculator we offer assists bettors in determining the maximum win and risk amounts for reverse wagers. Keep reading to understand what a win reverse bet involves, how to place reverse action bets, and how to utilize this tool effectively.
What is an If Bet?
Before delving into the complexities of reverse bets, it is essential to have a thorough comprehension of “if bets.” An if bet involves multiple wagers, with the outcome of each determining whether the next bets are placed. If the initial bet is unsuccessful, the remaining wagers are canceled, resulting in a loss of the initial stake. However, if the initial bet is successful, the stake carries over to the next selection. In the event that all selections win, the bettor can secure the maximum payout.
If you choose to place a 2-team if bet on the Chicago Bulls covering the spread against the Boston Celtics and the Houston Rockets covering the spread against the New Orleans Pelicans, and the online sportsbook is offering -110 on the teams covering the spread, you may decide to place a $110 if bet. The Bulls would be your first selection. In this scenario, there are four potential outcomes.
The Bulls win against the spread, earning you $100 in winnings with your $110 stake. However, the Rockets do not cover the spread, resulting in a loss of $10 overall for your bet.
If both teams meet the spread, you would earn a $100 profit on the Bulls and another $100 profit on the Rockets, resulting in a total profit of $200.
Both teams fail to cover. Your $110 bet on the Bulls is a loss, so there is no stake to be placed on the Rockets. The outcome of the Rockets game would not affect your loss of $110.
The Bulls fail to cover the spread, while the Rockets successfully cover it. If you bet on both teams and the Bulls don’t cover, you would lose $110, and that stake would not transfer to the Rockets. Despite the Rockets covering the spread, the earlier loss on the Bulls means you would still be down $110 overall. The maximum potential loss for this two-team if bet is $110.
What is a Reverse Bet?
Reverse bets involve placing two separate bets that cover both possible outcomes of a wager. This strategy is used to prevent losing out on potential winnings if one of the bets is unsuccessful, ensuring that you can still profit if the second selection is successful.
When placing a win-only reverse bet, any pushes will end the rest of an if bet. On the other hand, an action reverse wager allows the if bet to continue even if there is a push, giving the opportunity for the stake to carry over in case of a win, tie, or cancelation.
To further illustrate how action reverse bets function, let’s continue with the previous example. By placing a $110 win reverse bet on both Chicago and Houston to cover the spread, your total risk is not predetermined. This is because you are making two separate if bets, one with Chicago as the initial selection and another with Houston as the initial selection. If either team succeeds, you will see a return. The potential outcomes of this action bet are numerous.
Both teams covering results in a payout of +400, allowing you to earn a maximum profit of $400.
2. If one team covers the spread and the other does not, you will experience a total loss of $120 because you placed your bet on the losing team.
Both teams fail to win, resulting in a loss of $220, which is the maximum amount you are at risk of losing.
4. One team wins, the other game results in a tie. This results in a total profit of $100.
One selection results in a loss, while the other game ends in a tie, resulting in a total loss of $110.
If you place a win only reverse on if bets at a sports betting site, the third and fourth scenarios will not apply. The online sportsbook reserves all rights in this situation. Reverse bets can involve teams covering the spread, over/under on totals, moneyline, or a combination of these options.
How to Use the Action Reverse Wager Calculator
To quickly determine the maximum win, total risk, and situational result for win only reverse bets and action reverse bets, follow these steps: 1. Select the “Reverse Type” as either “Win Only” to specify that both teams must win, or “Action” to allow for a push in the event of a win, tie, or cancelation. 2. Input the “Notional Bet”, which is the amount of money you want to wager on the reverse bet at your chosen sports betting site. 3. Enter the odds for each game in the reverse bet sequence. 4. Indicate whether each selection resulted in a “Win”, “Loss”, or “Push” (if you selected action reverse). 5. Finally, click “Calculate” to determine the maximum potential win, total risk, and outcome of your reverse bet.
The reverse bet tool provides information on the maximum win and total risk, as well as the situational result based on the outcome entered for each game. You have the option to adjust the results for each game to see different situational outcomes. Using the example mentioned earlier, you would input the following: - “Action” in the “Reverse Type” box - $110 as the “Notional Bet” for your reverse bet - Two games - Odds of -110 for each game.
If you select “Win” for the first game and “Loss” for the second game, you would lose $120 if one team wins and the other team loses in the reverse bet.
Why Place Action Reverse Bets?
A reverse if bet is more intricate than a two-team parlay, but it provides coverage in case one team loses. While the potential profit may not be as high as a parlay, many sports bettors prefer the added security of reverse if bets. These bets also protect you in the event of a loss followed by a win, making them more popular than standard if bets. Despite sounding complicated, reverse bets are actually simple and a calculator can help you determine the potential outcomes based on different scenarios. You can also choose between win only or action, allowing you to consider various possibilities such as win, tie, or cancel.
Other Resources for Handicappers
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