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Dubois} and \\textit{H. Prade}, ``Conditional objects as nonmonotonic consequence relations'', IEEE Trans. Syst. Man Cybern. 24, No. 12, 1724--1740 (1994)], logic for classical conditional events was investigated. In their approach, the truth value of a conditional event may be undetermined. Now this theory is extended to many-valued events; both events in a conditional statement can be many-valued and can be undetermined. Even the value of undeterminacy can be expressed in terms of many-valued logic. In contrast to \\textit{D. Mundici}'s approach [Trends Log. Stud. Log. Libr. 28, 213--232 (2009; Zbl 1163.03016)], the approach presented here leads to an algebra of conditionals. Compared to [\\textit{G. Coletti} and \\textit{R. Scozzafava}, Probabilistic logic in a coherent setting. Dordrecht: Kluwer Academic Publishers (2003; Zbl 1040.03017)], many-valued statements are considered and, moreover, the author gives an interpretation in terms of bets in the style of de Finetti. 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The author shows that the whole investigation can be carried out in a logical and algebraic setting, and he finds a logical characterization of coherence for assessments of partially undetermined 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