Sports Betting Types | Round Robin Bets
The Round Robin is an excellent tool to minimize the risk of combining several teams in one parlay while still capitalizing on higher payoffs offered by parlays.
A Round Robin is a multi-team wager that allows you to use the same teams to create a group of parlays.
By definition a Round Robin is all possible combinations of two, three or more team parlays with the chosen teams. When more than 3 teams are selected, options are available for how the parlays are combined (2 team parlays, 3 team parlays, etc).
For example, in choosing a 4 team Round Robin there would be an option of combing the teams in 4-3 team parlays or 6-2 team parlays.
- All parlay rules apply.
- 3-6 teams are allowed in a Round Robin
Example: A player requests a $100 four team Round Robin by twos", with teams A, B, C and D. The possible combinations would be as follows:
|Teams AB||$100 to win $260|
|Teams AC||$100 to win $260|
|Teams AD||$100 to win $260|
|Teams BC||$100 to win $260|
|Teams BD||$100 to win $260|
|Teams CD||$100 to win $260|
If all four teams win, the player wins $1240, while risking only $600! If one game loses, there is still a profit, even though three of the parlays would lose. The three winners get back $780, plus the $100 laid for each parlay, for a total of $1080. After subtracting $300 for the 3 losers, the player profits $480!