Sports betting offers various types of wagers, including some exotic ones. One such wager is the win reverse bet, which is considered to be among the most exotic ones. This type of bet can be a useful sports betting strategy if placed correctly, as it enables effective bankroll management and reduces the risk involved in the wager.
However, many bettors are unaware of the existence of the win reverse bet, and thus, we have prepared this guide to explain the concept and provide a win reverse bet example. By the end of this guide, you’ll have a clear understanding of this wager and everything you need to know to place it successfully.
If you’re interested in gaining an edge similar to the one horseplayers get when they box an exacta bet, a reverse bet may be the right choice for you. This type of sports bet is similar to a parlay but with lower risk. To place a reverse bet, you’ll need to make at least two wagers.
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Reverse Bet Info
The reverse bet is classified as a double-action “if” bet. To illustrate, suppose you place an ₱11 wager on the Patriots in the first game and an ₱11 bet on the Bears in the second, in a two-team parlay with reverse action. This way, your bet will remain active regardless of the outcomes of either game.
The basic mechanism behind the reverse bet is that both teams occupy both the first and second positions on the betting ticket. The action is continuous, meaning that a two-team reverse bet offers various possible outcomes.
Is It Worth It?
The reverse bet, much like the “if” bet, is frequently employed by sports bettors who are facing a losing streak. It not only lowers the risk involved but also offers a reasonable payout. The reverse wager provides a certain level of protection to sports bettors.
However, it’s worth noting that if both picks turn out to be incorrect, you’ll still lose your cash, which is no different from making two individual point spread wagers. Ultimately, whether or not the reverse bet is worth it depends on individual circumstances and preferences.
Playing It Safe
If you’re looking to minimize risk, various parlay variations are a good option, even though the odds are considerably lower. The reverse bet can be considered as a four-team parlay, which usually pays out around 12:1 or roughly ₱240 on a ₱22 bet. However, the return on a reverse bet is only ₱62.
As with all sports betting opportunities, the amount of risk you’re willing to take, the amount of money you want to win, and the number of teams you’re comfortable betting on are all personal choices.
In essence, the win reverse bet is a type of sports wager that involves at least two bets, and both bets must win in order for the bettor to receive a payout. The teams involved occupy both the first and second positions on the betting ticket, providing a degree of protection to the bettor. The reverse bet can be a useful sports betting strategy for managing your bankroll effectively and minimizing risk.
A win reverse bet is a specific type of if bet, which contains at least two selections that feed each other. It is a linked bet where you split your budget in half and place two if bets on two different outcomes. The order of the bets is reversed to cover all bases, ensuring you receive at least the initial payout, regardless of which team wins.
Reverse bets fall into two categories: win reverse bets and action reverse bets. In a win reverse bet, both matches must result in a win to win the bet, while in an action reverse bet, it is possible for one of the matches to end in a tie or to be canceled and still win the bet.
While win reverse bets reduce risk and offer a decent payout, the odds are greatly reduced compared to other bets. As with all sports betting opportunities, the amount of risk you take, the amount of money you’d like to win, and the number of teams you’re willing to bet at once are all your choice.
How to place a reverse win bet?
- Step 1: Log in to your betting account and look for the “win reverse” option among the available betting options.
- Step 2: Select the sport you want to bet on from the list provided, such as NBA, football, tennis, basketball, etc.
- Step 3: Choose the specific matches within that sport category that you want to bet on. You will need to select two different outcomes that are linked.
- Step 4: Enter the amount you want to bet.
- Step 5: Check your choices and the amount of your wager on the confirmation screen. Once you are satisfied with your selections, click “confirm” to place the bet. You will then need to wait for the results of the matches.
Win reverse bet vs parlay
The win reverse bet and parlay betting may seem similar at first, as they both involve multiple outcomes in a single bet. However, there are some key differences. In a parlay bet, you place different bets for multiple matches and all selections must win for the bet to be successful. If even one selection does not win, the entire parlay bet is void and no payment is made. On the other hand, the win reverse bet allows you to still receive the initial payout even if your other choices do not win. This makes it less risky compared to parlay betting.
Parlay bets are common on almost all dollar betting sites and are popular, especially in Philippines betting sites. They pay more than win reverse bets because they are riskier. However, for bettors who do not like to take big risks, the win reverse bet is more suitable. Bettors who prefer high odds may prefer parlay bets.
Win reverse bet vs action reverse bet
Win reverse bets and action reverse bets are similar, but the winning conditions are slightly different. With a win reverse bet, you place two bets on the same teams, but in reverse order. For example, you might bet that Team A will win first and then Team B will win, and also that Team B will win first and then Team A will win. The only condition for winning is that one of these scenarios plays out exactly as you predicted. If there is a tie or any other outcome, you lose the bet.
In contrast, an action reverse bet also involves placing two bets on the same teams in reverse order, but winning is not the only possible outcome. For example, you might bet that Team A will win, tie, or have their match canceled first, and then Team B will win. You might also bet that Team B will win, tie, or have their match canceled first, and then Team A will win. Any of these outcomes is enough to win the bet.
Action reverse bets are commonly used in NFL football betting and as a college football betting strategy, as ties and cancellations are more common in American football. However, you can still place a win reverse bet on the NFL if you prefer.
Here are some tips for using win reverse bets effectively:
- Use a win reverse bet calculator: This tool can help you calculate the odds and determine if you will make a profit from the outcome.
- Divide your bankroll: If you are placing multiple win reverse bets, divide your bankroll into equal parts. For example, if your bet includes two teams, divide your bankroll in half and use each part for placing different bets.
- Practice with free bets: Before risking real money, take advantage of free bet offers and practice with win reverse bets. Remember that these bets are different from parlay or teaser bets, so you cannot simply use a teaser betting strategy.
- Learn the rules: Make sure you fully understand how win reverse bets work before placing real money bets. This will help you avoid costly mistakes and increase your chances of winning.
Should you place a win reverse bet or straight bets?
When deciding between a win reverse bet and simple straight bets, it ultimately depends on your personal preference and goals. Straight bets are straightforward and easy to understand, but the payouts are generally lower than exotic bets like win reverse bets. However, with straight bets, you have the option to bet on one specific outcome and minimize your risk.
On the other hand, win reverse bets allow you to bet on multiple outcomes with a lower budget and potentially higher payouts. Keep in mind that with a win reverse bet, you will still lose money if both outcomes do not win, so it is important to weigh the risks and rewards before making a decision.
Example of reverse bet
A reverse bet is similar to a parlay bet, but it is actually a set of if bets where action goes in both forward and reverse order. For example, let’s say there are two NBA basketball games on the board: Boston Celtics -4 vs. Lakers +4 and Chicago Bulls -3 / Orlando Magic +3. We decide we want to bet the Lakers +4 and also want to bet the Bulls -3. If we did so in a ₱100 2-team parlay, we would be paid ₱264.64 if both teams win, and we would lose our full ₱100 stake if we go 1-1 or 0-2.
However, if we instead made a reverse bet, our wager would be as follows:
- Bet #1: Lakers +4 -110 ₱50 to win ₱45.4545. If this bet wins, pushes, ties, or is cancelled, we move on to the next bet.
- If bet #1 wins, then we place another bet: Bulls -3 -110 ₱50 to win ₱45.4545.
- If bet #1 loses, we move on to the next bet: Bulls -3 -110 ₱50 to win ₱45.4545.
If bet #2 wins, we place another bet: Lakers +4 -110 ₱50 to win ₱45.4545.
- The two bets above are placed together on the same ticket using the reverse bet wagering option of an online bookmaker. As you can see, this is a “double if bet” using the same selections. We bet ₱50 on the Lakers and if they win, push, tie, or cancel, we rebet our ₱50 stake on the Bulls. We also bet ₱50 on the Bulls and if they win, push, tie, or cancel, we rebet our ₱50 stake on the Lakers. This is called an action reverse because any “action” (win, push, tie, or cancel) is enough to win the bet.
The potential outcomes are as follows:
- If both teams lose, our ₱100 stake is lost: -₱100.
- If both teams win, we win ₱45.4545 four times: +₱181.82.
- If one team wins and the other loses, we win ₱45.45, but we moved our ₱50 return of stake to the team that lost, which we also had another ₱50 stake on that also lost. So our total outcome is: (+₱45.45)+(-₱50)+(-₱50)= -₱54.55.
It is important to note that reverse bets are different from parlay/teaser bets, and it is recommended to practice with free bet offers until you fully understand how reverse win bets work before risking real money.
Are Reverse Bets Better than 2-Team Parlays?
Reverse bets and 2-team parlays both have their own advantages and disadvantages. With a ₱100 2-team parlay, you either win ₱264.64 or lose ₱100, while with a ₱100 action reverse, you can win ₱181.82, lose ₱100, or lose ₱54.55. The expected ROI on a parlay is -8.88% per bet, while on an action reverse, it is -6.82% per bet. If you’re a recreational bettor looking to minimize your expected loss, then an action reverse is the better option. However, if you want a higher payout relative to your stake, then a parlay might be better.
Reverse Betting Strategy
Reverse bets are primarily used by recreational players who want to leverage their bankroll while minimizing their expected loss. However, professional bettors also use this form of wagering when making correlated bets. It’s important to note that certain correlated bets, such as pitcher strikeouts and team totals, may be voided by some bookmakers.
Another scenario where a professional bettor might use an action reverse is when they need to make a wager quickly and don’t have time to post up additional funds. This could happen, for example, when unexpected news, like a player’s injury or death, comes out during overnight hours.
Overall, reverse betting can be a useful tool for both recreational and professional bettors, but it’s important to use it strategically and within the rules of the bookmaker.
