ookmaker, “I want to make an ‘if’ bet,” and then, “Give me Team A IF Team B for $100.” Giving your bookmaker that instruction would be the same as betting $110 to win $100 on Team A, and then, only if Team A wins, betting another $110 to win $100 on Team B.
If the first team in the “if” bet loses, there is no bet on the second team. No matter whether the second team wins of loses, your total loss on the “if” bet would be $110 when you lose on the first team. If the first team wins, however, you would have a bet of $110 to win $100 going on the second team. In that case, if the second team loses, your total loss would be just the $10 of vig on the split of the two teams. If both games ufa800 win, you would win $100 on Team A and $100 on Team B, for a total win of $200. Thus, the maximum loss on an “if” would be $110, and the maximum win would be $200. This is balanced by the disadvantage of losing the full $110, instead of just $10 of vig, every time the teams split with the first team in the bet losing.
As you can see, it matters a great deal which game you put first in an “if” bet. If you put the loser first in a split, then you lose your full bet. If you split but the loser is the second team in the bet, then you only lose the vig.