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An If bet is a type of gambling bet that consists of at least two straight bets joined together by an if clause that determines the wager process. If the player’s first selection complies with the condition (clause), then the second selection will have action; if the second selection complies with the condition, then the third selection will have action and so on.
Rules
All risk amounts must be equal or less than the previous selection. In single action (win only), subsequent selection will only have action if the preceding wager is a win. In double action (win and push), subsequent bets will have action only if the preceding bet is a win, push, no action, or canceled.
Example
You can place a $100 wager on Team B if Team A covers the point spread. If Team A covers the point spread, the bettor has $100 on Team B. If Team A does not cover the point spread there is no bet on Team B.