Whats A Reverse Bet

by admin

The important thing to note is those reverse line movements are almost a result of sharp bettors. The public loves action and likes to bet on a lot of games. Their average bet size isn’t typically that much. Sharps, on the other hand, bet massive amounts on a select few games. Almost every time you play an RLM, you are betting alongside the. Reverse bets are types of bets that contain two If Win, Tie or Cancel bets which may be sides or totals. If the initial reverse bet wins, ties or cancels, you will then have action on your second reverse bet. At the same time, if your second reverse bet wins, ties or cancels, you. The point is to show a simple example between the parlay and reverse where the reverse there is juice added on top of your bet while the parlay it's included. A reverse bet is where you are able to put two or more if bets together. In this, your action is covered both ways, kind of like boxing an exacta. Reverse bets can just be two teams in a bet, or they can also be three teams, or even four teams. You can bet on as many as. 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.

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What is a reversed forecast bet?

·Similar to a straight forecast, a 'Reversed Forecast' consists of two selections, which you believe will finish in first and second, but it does not matter in which order they finish in, just as long as the two selections occupy the first two places. This bet has two elements to it, and as such, a £1 Reverse Forecast would come to a total stake of £2.

A reversed forecast bet - sometimes abbreviated simply to RF - is almost exactly the same as a straight forecast bet, but with one notable difference. While in a straight forecast bet you have to correctly predict the participants finishing first and second in the exact order they finish, in a reverse forecast bet your two selections can finish either first or second and you still win.

The stake in a reversed forecast bet is double that of a regular bet. So, if you wanted to bet £20 on each selection, you would actually be betting £40. This is because you are essentially placing two bets on your selected race participants. One bet is on Selection A to finish in first and Selection B to finish in second, and the other is on Selection B to finish in first and Selection A to finish in second.

As there is a greater winning option available to the bettor, reversed forecast bets are simple to place and are less challenging to win than straight forecast bets. For this reason, they are highly accessible bets for people who just starting to understand betting. However, some knowledge of the runners will be required as bettors are selecting two participants who need to have a good chance of finishing in the top two, rather than just one.

Reverse Forecast Bets

As is the case with straight forecast bets, the size of the field is an important consideration for anyone considering placing a reverse forecast bet. The bigger the field, the higher your chance of a big return will be because it's more difficult to select the first two finishers in this scenario. Likewise, if the field is smaller it becomes easier to predict those first two, so the chances of earning high returns are lower.

Reverse

This means that a reverse forecast bet placed, for example, on a horse race with more than 15 runners is going to deliver better winning returns than one that has fewer than 10 runners. The odds betting companies offer will differ depending on the scenarios to reflect this. A larger field is likely to provide better prices than a smaller field.

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Whats

To apply the principles of a reversed forecast bet to an example scenario, you could place this kind of bet on a greyhound race and select greyhound 5 and greyhound 8 as your two picks. If you wanted to place a £5 stake per selection, the figure is doubled to £10 as, under the rules of a reversed forecast bet, you are placing two bets:

  • The first bet has greyhound 5 finishing in first place and greyhound 8 finishing in second place
  • The second bet has greyhound 8 finishing in first place and greyhound 5 finishing in second place

If either of these scenarios were to come about, you would win your bet.

In some scenarios, one of the selections in your reverse forecast bet could be declared a non-runner and be ruled out of the race. If this happens, your bet is still intact, but it becomes a single at the SP of the remaining selection. In other words, if greyhound 8 were to be declared a non-runner, the reversed forecast bet would become a single on greyhound 5 to win the race. If that happens, you win your bet under the terms of a traditional single bet.

Other terms and conditions apply for other scenarios like this, so it’s well worth checking with your bookmaker to understand the ramifications of all possible consequences before betting.

Variations of reversed forecast bets

There are a number of different kinds of forecast bets, which vary slightly in terms, in comparison to the reversed forecast bet. To avoid confusion, it is important to understand these differences.

A straight forecast bet is ‘stricter’ than a reversed forecast bet. Under this kind of bet, the bettor must predict first and second in the exact order they finish. If the selections are reversed or if one of the selections does not finish within the top two, the bet is lost.

A combination forecast bet is more open, more complicated and more expensive to place. In a combination forecast bet, you are betting on a wide variety of potential outcomes with three participants rather than the two that are available in a straight forecast bet and a reversed forecast bet.

For example, along with greyhound 5 and greyhound 8, a combination forecast bet would allow you to include a third greyhound – in our example greyhound 10 - and bet on the possible permutations of these runners finishing in the top two. This would therefore lead to six possible outcomes.

  • In the first, the bet states that greyhound 5 will win and greyhound 8 will finish in second place
  • In the second, the bet states that greyhound 5 will win and greyhound 10 will finish in second place
  • In the third, the bet states that greyhound 8 will win and greyhound 5 will finish in second place
  • In the fourth, the bet states that greyhound 8 will win and greyhound 10 will finish in second place
  • In the fifth, the bet states that greyhound 10 will win and greyhound 5 will finish in second place
  • In the sixth and final outcome, the bet states that greyhound 10 will win and greyhound 8 will finish in second place
What

The cost of the stake works in a very similar way to the one placed for a reversed forecast bet. As the bettor is not just placing one bet but six, the stake is multiplied by six. This means that if the stake is £5 per selection that figure is multiplied six times and becomes a stake of £30.

In addition to these kinds of bets, you may hear the term reversed forecast bet mentioned alongside phrases such as Exacta, Perfecta, Exactor and Quinella. These terms are not generally used in the UK. They are North American terms used to describe bets that are very similar in nature to straight forecast bets and reversed forecast bets.

Exacta, Perfecta, Exactor bets are the same as a straight forecast bet, with the bettor having to predict the first two in the exact order they finish. A Quinella bet is the same as a reversed forecast bet in which the bettor can predict the first two and the bet will pay out regardless of which order they finish in.

Bet

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Sports Betting Tips: Understanding Reverse Bets
by Trevor Whenham - 11/18/2010

Reverse bets are a type of bet you can make at most sportsbooks, but they aren’t a particularly popular bet, and they don’t even show up on the radar of most bettors. A large part of the reason for that is that the bets can be confusing if you don’t understand them. Once you figure out what they are, though, they actually make a lot of sense.

Whats A Reverse Bet

A reverse bet is essentially just two ‘if’ bets, so it makes sense that we start with looking at what an ‘if’ bet is. An ‘if’ bet is a bet on two or more teams - like a parlay is. The difference between a parlay and an ‘if’ bet, though, is that you have to win all of your games in a parlay or you lose your entire bet, while in an ‘if’ bet you can get some money back if you win just once.

It’s easier to understand an ‘if’ bet if you think of it as an ‘if/then’ bet. If you bet a three-game ‘if’ bet and the first game wins, then the bet you planned to make on the second game is active. If the first bet doesn’t win then your bet on the second and third games don’t happen. If the second game wins then your bet on the third game is active. If the bet on the second game loses then your bet is finished, but you get to keep the proceeds from the first winning bet.

There are a few reasons why you would make an ‘if’ bet, but one of the most common is because of an inadequate bankroll. If you want to bet on two games and you only have $100 to bet on each, then you could bet $50 on each game, or you could give yourself a shot at a better ultimate profit by placing a $100 if bet.

A reverse bet is just two two-game if bets that are dependent on each other. People who are familiar with betting on horse races will understand that a reverse bet is essentially just a box of an ‘if’ bet. For example, lets say that you like Team A in one game and Team B in the other. If you just bet an ‘if’ bet on A and then B you would be out of luck if A lost - even if B subsequently won.

In a reverse bet you would make two if bets - A then B, but also B then A. Depending on the odds for the two teams you are interested in, your losses could be less in the reverse bet than if you had just bet the one ‘if’ bet. If Team B was a big underdog you could even make a profit even if only one team won. You can make reverse bets that combine a moneyline bet with a point spread, or even games in two different sports.

The concept may still be a little muddy, but an example will make it easier to grasp. Let’s say that the two teams you like are the Giants -110, and the Steelers -120, and you make a $500 reverse bet. The potential loss in a reverse bet is twice the potential loss in the potentially more expensive game. In this case you are betting to win $500 on each game, so on the Giants you would bet $550, while on the Steelers you would bet $600. Your maximum loss, then, is $1200 (the maximum loss would occur when the more expensive game loses and the less expensive game is a push). Ignoring the possibility of pushes, there are four different possible outcomes - the Giants and Steelers can both win, the Giants can win and the Steelers can lose, the Steelers can win while the Giants can lose, or both teams can win. Let’s look at each:

Both teams win: In this case you would win both of your if bets. In the first you would bet $550 on the Giants and win, generating a profit of $500. Then you would bet $600 on the Steelers, generating a profit of $500. You would generate a profit of $1000 on that ‘if’ bet. You would also bet $1000 on the other ‘if’ bet. Your total profit, then, would be $2000.

Giants win, Steelers lose: In your first ‘if’ bets - the Giants then the Steelers - you would win your first bet for a profit of $500, but then you would lose the second bet for a loss of $600. Your net result on that ‘if’ bet would be a loss of $100. On the other if bet you would lose $600 on the Steelers bet, and the ‘if’ bet would end. Your total loss would be $650.

Steelers win, Giants lose: You would lose your first ‘if’ bet - the Giants then the Steelers - and you would lose $550. On your second if bet you would win the first part for a profit of $500, but then you’d lose the second part and lose $550. Your net loss is $50. Overall your loss would be $550.

What's Better Reverse Osmosis Or Distilled

Both teams lose: You would lose $550 on the first if bet, and $600 on the second if bet, for a total loss of $1150.

So, why would you bet a reverse bet instead of a parlay? If you risk $1200 in a parlay with these two teams then you would make a profit of $3000 when you won, but you would lose your whole bet in the other three possible outcomes. Those three losses would cost you $3600.

Whats A Reverse Bet

So over the long term the expectation of the bet would be a loss of 12.5 percent of the amount you bet. In a reverse bet you would only win $2000 when you win, but your losses would only be $2350 on your three lost bets. You’d still lose money over the long term, but your long-term loss expectation would be just 7.6 percent. It’s easier to overcome a smaller expected loss with handicapping than a bigger one, so reverse bets could be more attractive in this situation.

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