Round Robin Sports Betting
A round robin is essentially an easy way to bet multiple parlays at the same time. You select the outcomes (teams) that you want to involve in the bet and then you choose if you want your parlay bets to include anywhere from 2 to 6 teams. If you select 2 then every combination that includes 2 teams will be parlayed, while if you select say 4 teams, then every combination of 4 different teams will be included.
Round Robin Bet Example
The Round Robin bet proves itself to be extremely popular with racing bettors. While the initial outlay in terms of starting stake is higher, the returns are also much higher when you back three winning selections. That is the Round Robin bet explained, let’s now take a look at a Round Robin bet.
How to Place a Round Robin Bet. Round robin bets have become a mainstream betting option for most legal sports betting sites. It is, of course, critical you choose the right online sportsbooks. Bookies.com is the leading resource for bettors of all levels and the go-to site to ensure you’re sending your money to the right places. A round robin bet is a way to set up multiple parlays at once. Most online sportsbooks will allow you to have between two to six teams. From a technical standpoint, you could simply make.
Here is a fairly simple example so you can get a basic idea. Say you want to bet on four teams in a three-way round robin bet. For this example here are the teams: Giants -7, Patriots -10, 49ers +4 and Packers +7. Now let’s say you want to bet $100 on each three-team parlay bet. Here is how the round robin would look:
Parlay #1
Giants -7
Patriots -10
49ers +4
$100 Bet to win $595.79
Parlay #2
Giants -7
Patriots -10
Packers +7
$100 Bet to win $595.79
Parlay #3
Giants -7
49ers +4
Packers +7
$100 Bet to win $595.79
Parlay #4
Patriots -10
49ers +4
Packers +7
$100 Bet to win $595.79
Overall you would be risking $400 to win a potential profit of $2,383.04. This is quite a bit less than the $4,913.33 you would win by putting all of the teams on one 4-team parlay bet, but the benefit is that if just one of your teams lose you will still win one of your parlays from the round robin and end up with a profit of $395.79.
When To Use Round Robin Bets
Round robin bets are best to use when you feel strongly about several games, but don’t want to risk losing a large parlay. For example, if you are very confident about 5 NFL teams heading into Sunday it may be smart to bet these 5 teams in 3-team parlays to get a bigger profit if they all win than just betting them individually, but not having the risk of 1 team losing you the big 5-team parlay.
Typical Round Robin Bet Rules
Most online sportsbooks have the same rules regarding round robin bets, with standard parlay betting rules applying. Most sportsbooks have the minimum number of outcomes included in a round robin set at 3, with the max at 8. While the minimum number of teams in each parlay set at 2, with the max at 6. This maximum of 6 team parlays will only come into play when you are choosing 8 outcomes.
Every serious bettor already knows that parlays are the highest risk bet you can make. With every team you add to the parlay card, the probability of cashing that parlay ticket decreases exponentially. The worst thing about making a parlay bet is missing a massive payout by going three-for-four. Fortunately for bettors, there is a way to ensure that you can make some money whilelosing by a single team playing parlays.
What is a Round Robin Bet?
The simplest way to explain a round robin bet is to classify it as a series of parlay wagers. We already know a parlay is a bet involving two or more teams, with the only way to win this bet is for every team to win. A round robin is a way for bettors to make multiple parlay bets on a group of teams at once without having to creative a separate ticket for each of combination.
A football specific round robin allows you to chose three to eight teams. You can then make combination parlays that involve two to six teams. The cost of the individual round robin bets depends on the total number of teams selected.
How Do FootballRound Robin Bets Work?
The best way I can explain further would be with an example. Let’s say that you absolutely love three footballteams to cover the spread and are considering betting them in a parlay. These teams will be the Bills +4, Dolphins -2.5 and Titans -6.5. A square bettor would parlay these three teams together in a single bet, meaning if one of these teams were to lose, the whole parlay would lose.
This is where knowing what a round robin bet is helps. A round robin bet would allow you to make three, two-team parlays involving the three teams you love so much. The tickets would look like this – Bills/Dolphins, Bills/Titans, Dolphins/Titans.If two of the three teams win you would make a small profit and not kick yourself for playing a normal parlay. If all three teams were to win, you would turn a solid profit, but it would be smaller amount than a normal three-team parlay would pay. If only one of your team wins, you would lose all three bets.
To understand how the profit works with a round robin bet, lets bet 50$ per round robin and see how much of a profit we can turn. All payouts are based off the standard -110 line.
Bills +4/Dolphins -2.5 – Risk $50 – Payout $130
Bills +4/Titans -6.5 – Risk $50 – Payout $130
Dolphins -2.5/Titans -6.5 – Risk $50 – Payout $130
With these three bets, the total risk would be $150. Should any two of your teams cover the spread, you would get back $130, but lose the other $100 in bets. This means you would be up $30 for the day. The only downfall with playing this option is that if all three teams were to win, a $150 straight parlay would cash in a cool $900.
Round Robin Strategies
The round robin bet can be a big-time life saver but only if you are playing it correctly. Generally speaking, you would want to make sure every combination you bet is one that you have no problem betting on its own. I also advice to find a combination that has plenty of value and a combination you have the utmost confidence in.
The problem with this bet is that it allows bettors to get ahead of themselves and stray from their disciplined approach. Now days, with bets just a click away, bettors who lack the discipline required to be a successful bettor could easily get caught up in making far too many bets at one time. It’s hard enough turning a profit over the long haul making the bets you want to make, especially if those bets are square bets like parlays or teasers that come at a low cost/high risk potential.
If your bankroll is wilting because you are making several bad bets with a low chance of success, the long-term outlook of your bankroll will be bleak. I understand that placing bets on a bunch of different combinations individually can be mind-numbing, but sometimes it can be better than using the round robin method.
Round Robin Bet Sports Interaction
Are Round Robin Bets Worth Playing?
Round Robin Sports Betting Calculator
As I mentioned above, nothing is more frustrating than losing a massive parlay by one team. What makes that situation so bad is that all the time and research you put into correctly predicting the other teams goes unrewarded. If you find yourself in this situation, I would highly recommend looking into the round robin way of betting. It will ensure you some sort of payout if the majority of your teams win. If parlays aren’t your forte, or you have a small bankroll, I would avoid playing this method because it can eat up your bankroll pretty quickly due to all the possible ticket combinations.
Round Robin Sports Betting
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