Reverse Bets 101 - 4 Deep Sports

Reverse Bets 101

A Reverse Bet is two IF BETS back to back. What does this mean?

It means that I am betting two teams back to back twice. For example argument I will use the Islanders and Rangers with different lines.

Let’s pretend the Islanders are -120 on the night and the Rangers are -150. The way that the Reverse Bet work is as follows:

I am betting on both teams to win for me to successfully win this bet. So the way the reverse bet breaks down into two if bets is this.

IF The Islanders WIN,

THEN the Rangers WIN,

IF the Rangers WIN,

THEN the Islanders WIN then my bet is complete and I win the full amount.

To make it easier we will practice on a $100 bet. So if the Islanders are -120, and the Rangers are -150 the bet will look like this:

If Islanders $120 to win $100

Then Rangers $150 to win $100

If Rangers $150 to win $100

Then Islanders $120 to win $100…

Now when placing the bet, you would be risking $270 to win $400… $150 on the Rangers, and $120 on the Islanders equals my $270.. If both teams win then I win the $100 bet 4 times.

Now, what happens if I lose one of the plays?

If the Rangers lose, this is what would happen:

If Islanders: Win $100

Then Rangers: LOSE $150

If Rangers: LOSE $150

Then Islanders – NO BET… Since this is essentially two IF bets, since the Rangers did not win, the second IF bet ends on the loss.

SO.. We WIN $100 on the Islanders, lose $150 on the rangers, and lose $150 again on the second rangers bet….

+$100

-$150

-$150

-$200… We lose $150 on the Rangers bet, and then the extra $50 comes from the VIG on the Rangers being -150 on the night.

If the Islanders lose, this is what would happen:

If Rangers: WIN $100

Then Islanders – LOSE $120

If Islanders: LOSE $120

Then Rangers: NO BET

… Since this is essentially two IF bets, since the Islanders did not win, the second IF bet ends on the loss.

SO.. We WIN $100 on the Rangers, lose $120 on the Islanders, and lose $120 again on the second Islanders bet….

+$100

-$120

-$120=

-$140… We lose $120 on the Islanders bet, and then the extra $20 comes from the VIG on the Islanders being -120 on the night.

Now, what happens if I lose BOTH of the plays?

If Rangers: Lose $150

Then Islanders – LOSE $120… Then you lose the full $270 you risked and your bet is over.

What is the difference between WIN REVERSE AND ACTION REVERSE?

Action reverse means that if for any reason your game is CANCELED, SHORTENED, or PUSHES, your bet gets skipped and you now have TWO STRAIGHT BETS?

This has more to do with even number Over Unders, and Baseball games with weather..

So if for any reason the Islanders game was canceled tonight here’s what the difference would look like:

ACTION REVERSE: RISK $300 to win $400

WIN REVERSE: RISK $270 to win $400

Why?

Because of this:

Action Reverse with a push or cancelation:

If Rangers: RISK $150 to WIN $100

Then Islanders – game canceled

If Islanders: game canceled

Then Rangers: RISK $150 to WIN $100….

So on an action reverse, your bet is SKIPPING the islander game and you now have the Rangers risking $150 to win $100 TWICE….

Win reverse would look like:

If Rangers: WIN $100

Then Islanders – game canceled

If Islanders: no bet

Then Rangers: no bet…

Why do I play reverses?

Because I like the 4x payout. Now your to WIN is not 4x your RISK. You are winning 4 times the amount of the reverse you choose to do.. You need to understand how lines and vigs work before doing a reverse.. Last night I went balls out and did a $1,000 reverse on the Sharks +1.5 at -300 and the Jets ML at -200.. So my reverse bet looked like this:

If Sharks +1.5: Risk $3,000 to win $1,000

Then Winnipeg – Risk $2,000 to win $1000

Then Winnipeg – Risk $2,000 to win $1000

If Sharks +1.5: Risk $3,000 to win $1,000.. So my initial risk was $5,000 to win $4,000.. Now there’s not much value in that. But I loved the Sharks last night and was willing to risk it.. If i was wrong:

Jets: +$1,000

Sharks: -$3,000

Sharks: -$3,000

Jets: no bet…. If the sharks did not cover I would be out $5,000.

Why is this more beneficial than playing both teams straight… It’s not more beneficial, it’s how I prefer to handle my risk..

On a two team reverse to win $400 on the Islanders and Rangers, I am risking $270 max to win $400..

Straight bets:

Rangers: $300 to win $200

Islanders: $240 to win $200… If both of my bets lose I am now out $540 instead of $270…

What if I play both straight and then parlay?

Straight bets:

Rangers $150 to win $100

Islanders $120 to win $100

Parlay:

Rangers/Islanders: $100 to win $206.

I now have $370 at risk to win $406…

If I split, Rangers lose = $250 loss

Islanders lose: = $220 loss.

If both lose: $370 loss.

All of these are higher losses than my losses would be if I split on the reverse.