wroberson
wroberson
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July 23rd, 2013 at 2:15:01 PM permalink
I was wondering if the sport books in Las Vegas take If/Win bets.

I've read about them in Vegas, but I haven't found a 100% verifiable answer to my question.

On my next trip I would like to bet a few games and the If/Win wager is just what I'm after.

The If/Win wager will allow me to bet on 2-7 teams 1000 each and only have to put up 1000 to cover all 2-7 bets.

I'm iffy on the description, but here goes...

An If/win wager allows a player to bet on 2, 3, 4, 5, 6, or 7 teams on 1 bet slip and only has to pay for the 1st leg of the entire wager. After the bettor picks the teams he want to bet, he puts them in any order. If the 1st team of the bet loses, the entire bet is a loss even if the other 3 legs of the bet win their games. If the 1st team wins, the original wager, 1000 is them placed on the team of the 2nd leg and the winnings from the 1st leg are held in escrow. If the 2nd team wins, the original 1000 is then placed on the 3rd team and the winnings from the 2nd leg are placed in escrow. If the 3rd team loses, the bet is over. The bettor can cash in his bet ticket and collect the winnings from the 1st and 2nd legs.

Does anyone know if I can make a bet like this in Las Vegas?
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JIMMYFOCKER
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July 23rd, 2013 at 2:21:44 PM permalink
No, try online sportsbooks.
wroberson
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July 23rd, 2013 at 3:08:17 PM permalink
Bumber. Looks like I'll just have to beat the dealer.
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DRich
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July 23rd, 2013 at 4:02:55 PM permalink
Quote: JIMMYFOCKER

No, try online sportsbooks.



Are you sure? I thought there were books in Vegas that offered that.
At my age, a "Life In Prison" sentence is not much of a deterrent.
JIMMYFOCKER
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July 23rd, 2013 at 4:28:13 PM permalink
Quote: DRich

Are you sure? I thought there were books in Vegas that offered that.

Not 100% sure, perhaps there may be.
KeyserSoze
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July 23rd, 2013 at 4:34:39 PM permalink
OP- you ask a damn good question.

I'm not certain, but my answer is NO.
Talent hits a target no one else can hit; genius hits a target no one else can see.
wroberson
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July 23rd, 2013 at 4:37:02 PM permalink
I tried calling back in March to talk to the sport book, but they wouldn't let the call go through as phone calls to the sport book is against policy.

I'll contact Harrah's they usually get answers for me.
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ThatDonGuy
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July 23rd, 2013 at 7:48:37 PM permalink
Is this even allowed? Nevada Gaming Regulation 22.060(6) says:
Quote:

No book may hold a patronís money or its equivalent on the understanding that the book will accept the money as a wager only upon the occurrence of a specified, future contingency, unless a betting ticket documenting the wager and contingency is issued
immediately when the book receives the money or its equivalent.


The problem is, the money you are giving the book is for the first bet, not as a contingency for the second bet.

Then again, if you put up the $1000 per game in advance (stating the conditions - i.e. once a bet loses, all subsequent bets are called off), rather than just the flat $1000, then maybe you can do it. It may be more a question of whether or not their systems can handle something like this.
JIMMYFOCKER
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July 23rd, 2013 at 9:38:19 PM permalink
Bert at South Point and Jay at LVH are attempting to have this as an option for their customers.
wroberson
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July 24th, 2013 at 7:16:03 PM permalink
William,

I am sorry but we do not accept IF bets in the Sports Book. We do allow parlays, so you can bet up to 8 teams at one time on a ticket but the wager is all teams must win on your ticket for you to win. Please let me know if you have any other questions.

Director of Specialty Games
Rio
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RealizeGaming
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August 12th, 2013 at 12:29:26 PM permalink
In addition to those types of bets in the sports books, do all/any of them allow you to bet on each play such as a pro football game or college football game. I have heard of these types of wagers, but haven't seen any. Makes me wonder if they really exist, but it would be fun to sit down to watch a game and bet on the events in a sports contest as they happen.
ThatDonGuy
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August 12th, 2013 at 6:44:40 PM permalink
It took me a while to figure out what you were asking...are you saying, can you bet that, say, the next play in a particular football game will be a touchdown? (I hear that there is a lot of money bet on the results of a single ball in cricket in India - and a bit of "fixing" of these results by players as well.)

I'm pretty sure the answer is no - among other things, Nevada Gaming Regulation 22.060(7) says, "A race book or sports pool may not accept wagers on a race or sporting event unless the wagering proposition is posted", and there just isn't any time to do this in the limited amount of time between plays.

There is one exception I can think of: something like, "Will the opening kickoff of the Super Bowl be run back for a touchdown?".
RealizeGaming
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August 13th, 2013 at 3:35:24 AM permalink
That's what I thought, too. It would be almost impossible for the sports book to take bets on individual plays, however, it would be a lot of fun if they could.

For whatever reason, I thought Ceasar's did something like this a long time ago. They would have a game where you could do "in game" betting as the game was being played. Maybe they had this type of betting at one time, but it is no longer available.
1arrowheaddr
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August 13th, 2013 at 6:58:24 AM permalink
Sports books can accept bets on "What will happen next". Cantor offers in-running wagering for certain games, in baseball, you can bet if current batter will get a hit, hit a HR, strikeout, etc. During basketball you can wager whether the current free throw shooter will make 0,1 or 2 of the shots. To bet these, you have to have the app on your phone because the action moves to quickly to get up and place the wager in line. Most sports books don't have an app yet so they don't offer this type of betting.

As was noted in the Rio's answer to OP's question, IF wagers aren't allowed because wagers cannot be cancelled/amended once placed (and you have left the immediate vicinity of the betting window). It seems to me that a parlay is exactly the same as an IF bet, without the ability to alter the bet once it has been made.

Sports books do allow parlays with multiple sports in the same parlay (i.e. a baseball game with an NFL game with a college game).
RealizeGaming
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August 13th, 2013 at 10:25:34 AM permalink
Quote: 1arrowheaddr

Sports books can accept bets on "What will happen next". Cantor offers in-running wagering for certain games, in baseball, you can bet if current batter will get a hit, hit a HR, strikeout, etc. During basketball you can wager whether the current free throw shooter will make 0,1 or 2 of the shots. To bet these, you have to have the app on your phone because the action moves to quickly to get up and place the wager in line. Most sports books don't have an app yet so they don't offer this type of betting.

As was noted in the Rio's answer to OP's question, IF wagers aren't allowed because wagers cannot be cancelled/amended once placed (and you have left the immediate vicinity of the betting window). It seems to me that a parlay is exactly the same as an IF bet, without the ability to alter the bet once it has been made.

Sports books do allow parlays with multiple sports in the same parlay (i.e. a baseball game with an NFL game with a college game).



Thanks, that clears things up.

When you talk about Cantor, I assume that is an online sports book? I have never heard of it.
1arrowheaddr
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August 13th, 2013 at 11:23:16 AM permalink
Nope, it's in Las Vegas. Cantor Gaming operates sports books in casinos that don't want the expense of doing it themselves. Cantor's locations are quite nice and located in The Venetian/Palazzo, Palms, Tropicana, M Resort, Hard Rock among other places.
ThatDonGuy
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August 13th, 2013 at 6:23:58 PM permalink
Quote: 1arrowheaddr

Sports books can accept bets on "What will happen next". Cantor offers in-running wagering for certain games, in baseball, you can bet if current batter will get a hit, hit a HR, strikeout, etc. During basketball you can wager whether the current free throw shooter will make 0,1 or 2 of the shots. To bet these, you have to have the app on your phone because the action moves to quickly to get up and place the wager in line.



Never thought about betting through the app - obviously the odds are "posted" there, so the bet is legal.
LarryS
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August 14th, 2013 at 9:56:37 AM permalink
Arent time zone parlays in effect if/when bets? For example if you are betting on sat and sunday

Notre dame 12 noon

Florida St, 4 pm

Oregon St 9 pm

Greenbay(sunday pro) 1 pm

Oakland (monday ) 9 pm


You bet 100 dollars on the parlay. When Notre dame wins the original bet and the winnings get rolled over to the florida state game, when florida state wins, the bundle of money gets rolled over to the Oregon state game. etc etc....on and on. Thats how parlays work

Actually this just illustrates the concept. But in effect 3 teams playing at the same time on a parlay ticket are doing the same thing...if one team wins..the the money gets rolled over onto the other game ///even if the games started and ended simultaneously.
JIMMYFOCKER
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August 14th, 2013 at 10:24:11 AM permalink
The Cantor app offers IF wagers?
LarryS
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August 14th, 2013 at 10:26:41 PM permalink
For the serious sports bettor, the IF bets, or the whats going to happen next bets are just bells and whistles like the fire bet atcraps.

You would see Billy Walters going for that kind of bet...and he is one of the most successful sports bettors. His gold courses, jets and homes attest to that.

I think you need residence in nevada for the local nevada apps.

I inquired about an app in reno(i have a home there but live in ca.) for William Hill and am not allowed to get one as my smart phone is in the ca area code.

Its ok...I like gambling weekends live.

but I personally do 2 team parlays..preferably ML
AxelWolf
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August 14th, 2013 at 10:49:29 PM permalink
It's just a let it ride bet right? They used to have them all over town. Just bring the money to My house ill charge you less vig
♪♪Now you swear and kick and beg us That you're not a gamblin' man Then you find you're back in Vegas With a handle in your hand♪♪ Your black cards can make you money So you hide them when you're able In the land of casinos and money You must put them on the table♪♪ You go back Jack do it again roulette wheels turinin' 'round and 'round♪♪ You go back Jack do it again♪♪
LarryS
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August 15th, 2013 at 9:13:00 AM permalink
All parlays are a "let it ride" bet. All the moiney from the first game you win gets automatically placed on the second game, and when/if that wins all that money is put on the third game...on and on..
ThatDonGuy
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August 15th, 2013 at 6:16:25 PM permalink
Quote: LarryS

Arent time zone parlays in effect if/when bets?


If I read the OP right, the differences between a parlay (which is allowed in Nevada) and an If/Win bet (which I don't think is allowed) are:

(a) The games in a parlay can be simultaneous - in an If/Win bet, the money to bet on, say, the second game isn't available until the first game ends, so each game has to end before the next game's bet can take place;

and (b) In a parlay, any loss loses the entire bet, whereas in an If/Win, the amount bet on each game is the same (so, for example, if you bet $1000 on the first game at even money and you win, the bet on the second game is $1000, not $2000) - it's just that the chain of bets stop when a bet is lost.
LarryS
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August 15th, 2013 at 10:05:12 PM permalink
thanks for the info....I wouldnt touch those bets as I am a serious sports gambler.
If I had 5 or 6 beers in me and wanted to throw away money, I might try those type of bets or the individual play bets.

meanwhile I will continue to bet on my favorite teams

fyi...;my favorite teeams change daily....they are the teams that I bet on a given day. Throughout the year I have over 100 "favorite teams".
wroberson
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September 10th, 2013 at 6:37:40 AM permalink
BTW, I contacted Harrah's and IF/WIN bets are not allowed in Vegas. Must be a good bet for the player. Online they are allowed. It's better than a parlay as each game is on it's own. It's a good bet where you can put up a grand and bet on 7 individual teams betting 1000 each. The other option, now the only option is putting up 7 different bets of 1000 each.

I needed to know because I was thinking, yes, that's a viable bet when I go to Vegas. Now it's off the table and I have a better understanding of how the game is played. Advantage me.
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oliverwilliams
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March 29th, 2022 at 10:45:02 AM permalink
just try with online sportsbooks
oliverwilliams
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April 1st, 2022 at 10:49:07 AM permalink
Im not sure about this but you should try with online sportsbooks, I think its the best option
Dieter
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April 1st, 2022 at 12:42:58 PM permalink
Quote: oliverwilliams

just try with online sportsbooks
link to original post



Quote: oliverwilliams

Im not sure about this but you should try with online sportsbooks, I think its the best option
link to original post



Sure looks like thumbtack/dupe spam to me.

I went to the air & space museum, but there wasn't much to see.
May the cards fall in your favor.
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