How to Play if Bets

For you to collect, the first wager must be a win, as that is the only way in which you will have action in the second one. An if bet allows you to use the winnings from the first bet to be placed on bet number two.
But as it is common with wagering types, it is easier to explain them with examples: Let’s say that we have the Patriots -5 to win $100, and on the second one, we have the Jets at +10 risking $200. If New England cannot cover the point spread, you will lose $110 on that first bet and won’t have any action on New York, but if the Patriots actually cover the spread, then you can have action on the Jets.
Now, if the Jets lose, you will get the earnings from your first bet, which is $100, but you will still lose $200 on New York. And finally, if the spread is covered in the two wagers, you will get earnings for the two of them.
If Win, Tie or Cancel
This one is quite similar to an If Win Only wager, the difference is that you can only have action on the second wager if your first pick wins, the game ends up in a tie or it’s actually canceled. Here you really does not have the option of using your earnings for wager number one on bet number two, and the reason is because of the tie or cancel factors.
And to understand this, we will also make use of an example: Let’s say that we have the Patriots on the point spread at -5, and the Jets at +10, if New England’s game ends up in a push or if the match is actually canceled, then you will still have action on New York’s match. In such a case you will still have the chance of making money on the Jets, or lose it if they end up not covering their spread.
Here are the restrictions you might find when trying to place an If Bet: 
You cannot place an if bet in the goal line and total of the same game on hockey and soccer.
You are not able of placing an if bet in the total and runline of the same baseball game.
The side and the total on a football game when the actual ratio between the total and side is inferior than 3/1.