Here is the definition of "if" bets direct from the 5Dimes website.
If-Bets (Win Only)
An If-Bet is a wager that carries over to a second team if the player wins on his/her initial selection. For example, the player has to wager a fixed amount on one selection. If that selection wins, then another fixed amount, up to the payout amount of the subsequent wager, can be placed on a new selection.
The player must win his/her first wager in order to continue the action on the remaining wagers. If the first wager loses or pushes, there is no subsequent action. As each selection wins, there will be action on the following wager. There may be up to 15 selections in one If-Bet. Correlation restrictions for If-Bets are the same as they are for parlays.
If "action" is selected on baseball moneyline selections, the total risk amounts deducted at the time of the placing an If-Bet may exceed the amount of the initial selection. This risk increase is to due a potential price change, in the event of a pitching change. To avoid available funds being frozen until the wager is closed, always choose listed pitchers in your If-Bet selections.
<TABLE class=des_01 cellSpacing=1 cellPadding=2 width="70%" align=center bgColor=#03cacf border=0><TBODY><TR align=middle bgColor=#ffffff><TD>If-Bet Win Only Examples:</TD></TR><TR bgColor=#ffffff><TD>Example One:
Place a fixed wager on the St. Louis Rams (-7, -110) for $220 to win $200.
If the Rams win, a fixed wager, up to the payout amount of the previous wager may be placed on the next selection. The subsequent wager may risk up to the previous payout of $420.
A wager on the Detroit Lions (-3 -110) for $330 to win $300 is placed.
If the Lions also win, the player would collect winnings on both wagers with a total profit of $500.
<HR>Example Two:
Place a fixed wager on the St. Louis Rams (-7, -110) for $220 to win $200.
If the Rams win, a fixed wager, up to the payout amount of the previous wager may be placed on the next selection. The subsequent wager may risk up to the previous payout of $420.
A wager on the Detroit Lions (-3 -110) for $330 to win $300 is placed.
If the Lions selection loses, the player would collect winnings on the Rams (+$200) and lose (-$330) on the Lions.
<HR>Example Three:
Place a fixed wager on the St. Louis Rams (-7, -110) for $220 to win $200.
If the Rams lose, any further selections after the Rams selection will be "No Action". The player would lose only (-$220) on the first wager.
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If-Bets (Win and Push)
Same as If-Bets (win only) except action is taken on same team if team wins OR PUSHES in initial wager up to the original amount.
<TABLE class=des_01 cellSpacing=1 cellPadding=2 width="70%" align=center bgColor=#03cacf border=0><TBODY><TR align=middle bgColor=#ffffff><TD>If-Bets Win & Push Example:</TD></TR><TR bgColor=#ffffff><TD>Example One:
Place a fixed wager on the St. Louis Rams to win with spread of (-7).
If the Rams win or PUSH, a fixed wager, up to the original amount, is placed on the Detroit Lions to win with spread of (-3).
In the event of a push in initial game, If Detroit wins, player would win $100.00. If Detroit would lose, player would lose $110.00.
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Rolling If-Bets
A Rolling If-Bet (RIF) is a straight, parlay or teaser wager made contingent on the outcome of a previously placed wager that is still pending. The pending wager can be a wager on an event that is in progress or it can be a wager on an event that has yet to begin. The pending wager cannot be an existing IF-Bet, Reverse, any play with an open leg (Parlay or Teaser), a Bonus Play, or an Asian Handicap. You can only make a RIF from a Straight Bet, a Teaser, or a Parlay.
How to place a RIF
Once logged into the sportsbook, select Straight, Parlay or Teaser from the sportsbook-wagering menu. The RIF is only available if you select one of these menu items. RIF wagers are not available when Bet the Board is selected.
Make your Straight, Parlay or Teaser selections.
Once you have made your wagering selections, a wager a screen will appear and display the “Show Rolling-If Bet Options” button.
Rolling If-Bet (RIF) Rules
When you make a Rolling-If Bet (RIF) from a Parlay that contains a Baseball side, and that side was placed using Action for the pitching option, you can only use the amount you are laying on the first Parlay for the second bet. If, on the other hand, the Baseball side was placed using listed pitchers (or a Run-Line or a Total), you can have the proceeds from the first bet (the lay and any winnings) placed on the second bet.
If you have a Parlay or Teaser and any of the entries tie/push/cancel, the amount available for the RIF If-Wins-Only is the amount you lay plus any winnings from the remaining selections. This amount is the figure that would be paid into the account if the wager would finalize at that time. If you lay an amount in the next leg of an RIF If-Wins-Only greater than the payout from the prior play, you will have no action on the RIF If-Wins-Only. Even if one or more wagers tie/push/cancel, as long as there is one winning wager and the payout exceeds the risk amount of the subsequent RIF If-Wins-Only wager, the next leg of the RIF If-Wins-Only wager will have action.When you make a Rolling-If Bet (RIF) from a Parlay that contains a Baseball side, and that side was placed using Action for the pitching option, you can only use the amount you are laying on the first Parlay for the second bet. If, on the other hand, the Baseball side was placed using listed pitchers (or a Run-Line or a Total), you can have the proceeds from the first bet (the lay and any winnings) placed on the second bet.
"RIF Wagers" & "Filling in spots on open-parlays" cannot be done with certain wagering options after a sports series or golf event has begun. 3 and 4 game baseball series prices are blocked from RIF wagering when odds are posted in the second game of the series. Full tournament offerings in golf are blocked for RIF wagering between the first and second round of an event.
