Courtesy of bodog...hope this helps
Definition
A reverse bet is a series of 'If' bets going both forward and in "reverse" order. Each team included in the reverse bet will pair with the other team to form two 'if' bets.
Example:
1st part:
New England Patriots -8 $110 to win $100
Action (If win, push, "No Action", or canceled)
Buffalo Bills (-175)
Risk $110 to win $63
2nd part:
Buffalo Bills (-175) $110 to win $63
Action (If win, push, "No Action", or canceled)
New England Patriots -8
Risk $110 to win $100
Total risk $220 (Maximum Risk) to win $326 (Maximum Win)
*If the Patriots and the Bills both win you will win $163 on the 1st part of the reverse wager and $163 on the second part, for total winnings of $326.
*If the Patriots win and the Bills lose you will lose $10 on the first part of the reverse wager and $110 on the second part, for total losses of $120
*If the Bills win and the Patriots lose you will lose $110 on the first part of the reverse wager and $47 on the second part, for total losses of $157.
*If one team pushes, is "No Action" or is canceled and the other team is a loss you will lose $220.
*If one team pushes, is "No Action" or is canceled and the other team wins you will win either $126 for the Bills or $200 for the Patriots.