A conditional rebate is a sales-based promotion typically used by retailers to increase their sales, generate traffic and create publicity.
With this specific type of rebate, a company typically offers a certain amount of their product, or some sort of sales incentive, if a particular circumstance (i.e. condition) arises.
Another example is that of a conditional weather rebate where if there is snow on New Year's Day the customer will receive a full refund of all purchases made during the month of November.
Sports-themed conditional rebates are rated based on not only the size of the policy, but the history of the particular sports team.
This is not only limited to how many wins that particular team has had, but the number of home runs or other circumstances that are being insured under a conditional rebate.