SECTION 2
You should now understand what an IF CASH bet is from Section 1. In this section I want to extend the use of -IF CASH - to show how it works in multiple bets. I will show you a gradual progression from the basic IF CASH bet and we will see how it develops into other interesting bets.
BASIC IF CASH BET
£10 Win 'A'
--- if cash ---
£10 Win 'B'
This is a basic IF CASH bet. It tells the settler in the betting office that I want to put my £10 on selection 'A'. That is what I am paying for and the total stake money on my betting slip is this £10. But I am also giving an instruction to the settler to take £10 out of my returns from this selection 'A' if it wins, ------- and put this £10 on selection 'B' to win.
If selection 'A' wins at 3/1, and 'B' loses, then the settler would give me returns of £30. ---- ie. £10 @ 3/1 = £40 -(£10 win 'B' which loses ) = £30.
If sel. 'A' wins at 3/1, and sel. 'B' wins at say 7/1, then the settler would give me returns of £110. ---- ie. £10 @ 3/1 =£40 - £10 = £30. Then this £10 which has been deducted from the £40 will be invested on 'B'. £10 @ 7/1 = £80.
Returns from 'A' = 30.00
Returns from 'B' = 80.00
Total Returns - = £110.00
-----------------------------------------------------
UP AND DOWN
This is the first extension to the basic IF CASH bet. It is in fact 2 bets. The first is the same as in the example above. The second, as you can see, is a reverse of the selections.
The purpose of the bets, written like this, is to get a bigger stake on the selections if they both win.
In this case, if we go back to our winning odds -- 'A' @3/1, 'B' @ 7/1, we would settle the bets as follows :-
1st Bet :-
£10 Win 'A' @ 3/1 = £40 - £10 = £30 returns.
£10 Win 'B' @ 7/1 = £80 returns
Total Rtns = £110 .00 (for only £10 stake)
2nd Bet :-
£10 Win 'B' @ 7/1 = £80 - £10 = £70 returns.
£10 Win 'A'@ 3/1 = £40 returns
Total Rtns = £110.00 (for only £10 stake)
So, if we write out the 1st bet on one betting slip, and the 2nd on another, then this is how they would have been settled. But why go to the trouble of writing out two separate bets when they can be put together and written as one.
To do this, we must write out the bets above as one bet. It will mean exactly the same as above to the settler, it saves time, and also this new bet -- UP AND DOWN -- is a part of lots of multiple bets.
Example of above 2 bets as 1 bet :-
£10 UP + DOWN
- 'A' -
- 'B' -
It is that simple,and the total stake for this 'up and down' = £20 ( 2 x £10)