Reverse Bet Calculator
The Reverse Bet Calculator is the best way to work with “if bets”. You can find more details below on the best way to use this calculator for your benefit.
Inputs
Reverse Type: Denotes whether reverse bet is of type WIN ONLY (implying pushes terminate the remainder of the given IF bet) or ACTION (implying pushes do not terminate the remainder of the given IF bet).
Notional Bet: Notional dollar amount of reverse bet
Number of Games: Number of games included in reverse bet
Game N: Line on event# N and event results (WIN, PUSH, or LOSS).
Outputs
Reverse Type: Denotes whether reverse bet is of type WIN ONLY (implying pushes terminate the remainder of the given IF bet) or ACTION (implying pushes do not terminate the remainder of the given IF bet).
Notional Bet: Notional dollar amount of reverse bet
Number of Games: Number of games included in reverse bet
Game N: Line on event# N and event results (WIN, PUSH, or LOSS).
More Information
A reverse bet (also known as an action reverse) is a set of if-bets going both forward and in reverse order. An “If-bet” is a two-part bet where the second part of the bet only has action if the first part wins (or in some cases, depending upon the terms at the specific book, if it wins or pushes, also known as “action”). A reverse bet represents every possible two-team combination of if-bets that can be formed from all the underlying teams in the reverse bet.
For example:
a two-team reverse bet on teams A and B would imply two if-bets: if A then B and if B then A.
a three-team reverse bet on teams A, B, and C would imply 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 win and loss amount for a given reverse bet, as well as the situational results based upon whether or not each underlying game wins, loses, or pushes.
Note: The calculator accepts US or decimal odds. For Decimal odds greater than or equal to 100, preface the odds with either a “0” or a “d”. For example, decimals odds of 200.0000 would be entered as either “d200” or “0200”.
Reverse Bet Calculator
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Action Reverse Bet
Our action reverse bet calculator helps bettors quickly work out the maximum win and risk amounts when placing a reverse wager. Read on to learn what a win reverse bet entails, how to place reverse action bets and how to use this calculator.
What is an If Bet?
You need to have a solid understanding of “if bets” before you can learn the intricacies of reverse bets. An if bet is a combination of two or more wagers, and the result of each bet determines whether or not the subsequent bets are placed. If your first bet loses, the rest of the wager is canceled and you lose your stake. If it wins (or there is a tie or is canceled), your stake rolls over onto the next selection. If all the teams win, you will secure the maximum payout.
Let’s say you decide 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. If the online sportsbook is offering -110 on the teams covering the spread, you might decide to place a $110 if bet. The Bulls represent your first selection. Then there are four potential scenarios:
1. The Bulls cover, but the Rockets do not. If the Bulls cover, you are due $100 in winnings. Your $110 stake then goes on the Rockets. They failed to cover, so that part of the bet loses, meaning that you are down $10 overall.
2. Both teams cover the spread. In that case, you would win a $100 profit on the Bulls, and then a $100 profit on the Rockets, meaning you would earn a $200 profit.
3. Neither team covers. Your $110 bet on the Bulls lost, so the stake would not go on the Rockets. You would only lose $110, as the result of the Rockets game would be inconsequential.
4. The Bulls do not cover, but the Rockets do cover. In this case, you would lose $110 on the Bulls, and your stake would not carry over to the Rockets. Even though they covered the spread, that part of your bet would have already be canceled, so you would still lose $110 on the bet. The maximum risk of this 2 team if bet is therefore $110.
What is a Reverse Bet?
Reverse bets are if bets that go in both directions. They are designed to help you avoid the fourth scenario mentioned above, in which you do not benefit if your second selection pays off, as your failed first bet has already canceled the subsequent parts of the bet.
A win only reverse bet implies that pushes terminate the remainder of an if bet, whereas an action reverse wager implies that pushes do not terminate the remainder of the given if bet, allowing the stake to roll over in the event of a win, tie or cancel.
We can stick with the example used above to explain how action reverse bets work. If you were to place a $110 win reverse bet on both Chicago and Houston to cover the spread, your total risk would not be fixed. That is because you are placing an if bet with Chicago as the first selection, and a separate if bet with Houston as the first selection. If either selection pays off, you will benefit. There would be a number of possible outcomes to this action bet:
1. Both teams cover. In that case you are paid out at +400 and you walk away with a maximum profit of $400.
2. One team covers, and the other does not. In that case you will incur an overall loss of $120, because you moved the return of your stake to the team that lost.
3. Both teams lose, meaning you lose $220, which is your maximum total risk.
4. One team covers, and the other game is a push. In that case, you walk away with an overall profit of $100.
5. One selection loses and the other game is a push, meaning that that you havehave an overall loss of $110.
The third and fourth scenarios would not come into play if you placed a win only reverse on if bets at a sports betting site, with all rights reserved to the online sportsbook in question. Reverse bets can include teams covering the spread, over/under on totals, moneyline or a combination of those options.
How to Use the Action Reverse Wager Calculator
Follow these steps to quickly work out the maximum win, total risk and situational result for win only reverse bets and action reverse bets:1. Choose the “Reverse Type”: “Win Only” if you want to specify that both teams win, or “Action” if you want a push to carry over in the event of win, tie or cancel.2. Enter the “Notional Bet”, which is the amount in dollars that you wish to wager on the reverse bet at a particular sports betting site.3. Enter the odds for Game 1, Game 2 and so on.4. You can then choose “Win”, “Loss” or “Push” (if you have chosen action reverse) as the result of each selection.5. Click “Calculate”.
The reverse bet tool will then tell you the maximum win and the total risk. You will also see the situational result (the amount you win or lose) based on the result you entered for each game. You can go back and change the result for each game to arrive at a different situational result. Sticking with the example used earlier, you would enter:• Action in the “Reverse Type” box.• $110 as the “Notional Bet” for your reverse bet.• Two games.• Odds of -110 on each game.
If you were to choose “Win” on the first game and “Loss” on the second game, you would see that you would lose $120 if one team wins and one of the teams lost on the reverse bet.
Why Place Action Reverse Bets?
A reverse if bet is more complicated than a two-team parlay bet, but it covers you in the eventuality that one team loses. The potential profit will not be quite as high as a parlay, but many sports betting aficionados prefer the added insurance that comes with reverse if bets. Reverse if bets also cover you if your first selection is a loss and your second selection is a win, so they are often more popular than straightforward if bets. You might initially be dissuaded from placing reverse bets, as they sound complex, but they are actually pretty simple, and this calculator does all the hard work for you, showing you the clear situational result if one team out of two were to win, or if two out of the three teams you selected for the bet were to win, and so on.You also have the flexibility to choose win only or action, allowing you to factor in the eventuality of win, tie, cancel.
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