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Regarding the question from IowaPiPhi, my understanding is that if she lists XYZ sorority 1st and then legacy sorority 2nd, they would see if she matches on XYZ's first list. If she doesn't, then she would receive a bid from her legacy chapter because she automatically matches by being on the first list. If she does not list legacy chapter at all, then she has a risk of not matching at all.
Taking legacies out of the equation, regarding the general question of are bids guaranteed if they maximize their options up through preference and listing both chapters on their card: While most campuses do this, my understanding directly from Panhellenic is at IU there is not a guarantee. I think they try hard to get most girls placed, but apparently it is not 100%.
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