A round robin (RR) is simply a nickname for a type of parlay wagering strategy. You take a group of three or more selections and put them in combinations of individual parlays. You could enter these parlays individually yourself, but a lot of sportsbooks allow you to select a round-robin option and do it automatically. This proves to be a much faster proposition.
Round robins get a lot more complex as the number of teams goes up. A two-way round robin means that you are betting as many different two-team parlay combinations as you can with a given number of teams. On a three-team RR two-way parlay, you would have three different two-teamers.
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Let’s just give an example to show you how a three-team RR two-way bet would work. You like three teams we’ll call the Cowboys -7, Packers -7 and 49ers +4. Let’s say you wanted $100 on each pair. Here’s how your wagers would look:
Round robin bets are multi-team bets between three and ten teams. These teams are then used to create as many two team parlay combinations as possible. In a round robin bet, the amount you bet is the amount that is bet on each two team parlay. If you bet $200 on 6 two team parlays, you are betting a. ROUND ROBIN BETS? 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. Round robin bets must consist of at least three teams (or bets). The parlay can be broken up into individual parlays that include every team in your original parlay. Round robin betting is typically used in sports betting and is a way to decrease your risk compared to a traditional parlay. The round robin bet isn’t the most popular type of wager but it could be a very effective type of wager when used in the right situation. What Is A Round Robin Bet? A round robin bet is a way to set up multiple parlays at once. Most online sportsbooks will allow players to string together round robins with between two and six teams. Round Robin Bets A round robin is a wager where selections are placed into all possible parlay combos. For example, 3-selections of A, B and C placed into a 2-team round robin results in three unique 2-team parlays of A&B, A&C, and B&C.
- Parlay 1:
Cowboys -7
Packers -7
Betting $100 to win $260 - Parlay 2:
Cowboys -7
49ers +4
Betting $100 to win $260 - Parlay 3:
Packers -7
49ers +4
Betting $100 to win $260
How Do You Win a Round Robin?
So, you’ll be risking $300 for a potential profit of $780. Your only options will be to lose all three, win all three, or lose two and win one. If you lose all three, you would obviously be out $300. If you win one and lose two, you would win $60. So, you basically have to go 2-1 or 3-0 to show a profit.
Are They Worth It?
That’s why it might be better to just bet all three separately for $100 each because if you go 2-1, you win $90 instead of $60. If you go 1-2 you lose $120 instead of $300. However, if you go 3-0, you would only win $300 compared to $780! The chances of going 3-0 are 7/1, meaning you will only hit one three-team parlay out of every seven you bet.
Here is a look at the Round Robin table showing you how many picks, how many ways you can bet them, and how many different combinations of bets you will have for each.
| Picks | Ways | Number of Bets |
|---|---|---|
| 3 | 2 | 3 |
| 4 | 2 | 6 |
| 4 | 3 | 4 |
| 5 | 2 | 10 |
| 5 | 3 | 10 |
| 5 | 4 | 5 |
| 6 | 2 | 15 |
| 6 | 3 | 20 |
| 6 | 4 | 15 |
| 6 | 5 | 6 |
| 7 | 2 | 21 |
| 7 | 3 | 35 |
| 7 | 4 | 35 |
| 7 | 5 | 21 |
| 7 | 6 | 7 |
| 8 | 2 | 28 |
| 8 | 3 | 56 |
| 8 | 4 | 70 |
| 8 | 5 | 56 |
| 8 | 6 | 28 |
As you can see, there are so many different combinations you can bet. The problem is that the more teams you have, the more bets you are going to have to place. Say you have eight teams and want to do as many 4-team parlays as you can do with those eight teams. Well, there’s a whopping 70 different combinations of 4-team parlays with eight teams. So, if you’re betting $100 on each parlay, that means you will be betting $7,000.
It’s simply not worth the risk in my opinion. If you go 3-5, you lose all 70 bets for a grand total of $7,000. You would have to go at least 4-4 to get any money back, and even then you’d only hit one 4-team parlay at 10/1 odds, which would bring back $1,000. So, you’d still lose $5,900 by simply going .500. You’d lose 69 bets at $1000 each and win one for $1,000.
The novice sports bettor sees a chance at a huge payout with these Round Robin parlays. And, if you do bet as many parlays as you can with six teams and go 6-0, then you are going to make a fortune. But how many times have you actually gone 6-0 in a day? The chances of doing so are slim to none, and if you bet too many of these Round Robin parlays, then you’re going to be broke before you ever get the chance to go 6-0.
Contents
What is a Round Robin Bet?
The round robin is a 3 selection wager consisting of 10 bets: 3 doubles, 1 treble and 3 up-and-down single stakes about pairs.
This is an any to come if-cash bet that can be thought of as a trixie with 3 up-and-down single stakes about pairs added, also very similar to a patent. Each choice appears in 2 up-and-down SSA bets, 2 doubles and a treble. Should any single selection lose, the returns can change drastically. Try out different outcomes with the round robin calculator, as it can help with understanding how winnings change given different permutations.
One or more winning selections will guarantee a return from the round robin, which is one of the main advantages over a trixie bet, the disadvantage being increased stake requirements.
Round Robin Composition
The round robin is composed of the following parts:
| Part | Selections (1-3) | Number of Bets |
|---|---|---|
| Double | 12, 13, 23 | 3 |
| Treble | 123 | 1 |
| Up and Down SSA Pairs | 12, 13, 23 | 6 |
| Total: | 10 | |
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Also See
Round robin bet calculator - Enter the odds and bet details to work out your winnings with this free online tool.
Round Robin Sports Betting Calculator
What is an up and down bet? - Learn more about the if-cash up-and-down component of this wager. Explained, step-by-step, this guide covers both SSA and DSA styles of betting. An advanced topic that even experienced punter may need help with.
What Is A Round Robin In Betting
What is a treble bet? - An explanation of how the treble works, complete with step-by-step football examples in both winnings and losing scenarios.