{"id":39785,"date":"2024-05-08T06:01:21","date_gmt":"2024-05-08T11:01:21","guid":{"rendered":"https:\/\/www.casino.org\/blog\/?p=39785"},"modified":"2024-05-08T09:01:42","modified_gmt":"2024-05-08T14:01:42","slug":"what-is-a-round-robin-bet","status":"publish","type":"post","link":"https:\/\/www.casino.org\/blog\/what-is-a-round-robin-bet\/","title":{"rendered":"Sports Betting 101: What Is A Round Robin Bet & How Does It Work?"},"content":{"rendered":"\n
A round robin bet is a type of wager where you place multiple parlay bets at the same time.<\/strong> The main benefit is that there is more flexibility than with a traditional parlay; not all of your selections have to win in order for you to make a profit. <\/p>\n\n\n\n However, round robin bets are considered suboptimal wagers with high variance. It\u2019s paramount you know what you’re doing and always exhibit proper bankroll management. <\/p>\n\n\n\n This article covers:<\/p>\n\n\n\n First, it’s important to understand what a parlay bet is. A parlay bet is a bet that combines two or more individual wagers into one. To win any money, each of the individual wagers must win.<\/p>\n\n\n\n A round robin bet is a combination of multiple parlays. A bettor essentially turns a parlay into a series of smaller parlays in a round robin, so you bet each possible combination individually.<\/p>\n\n\n\n What’s the benefit here? Well, how many times did only one team wreck your parlay? A round robin gives you a chance to win a smaller parlay with the other teams you originally picked.<\/p>\n\n\n\n When you place a wager on a three-team parlay, then your parlay is toast if Team A is a loser.<\/p>\n\n\n\n If you place a round robin bet using the same teams from your three-team parlay, then the leg with Team B and Team C will be a winner, even though Team A lost.<\/p>\n\n\n\n Let’s say you like three teams and want to put them in a parlay. Your parlay would look like this: TEAM A + TEAM B + TEAM C. You are betting that all three teams will win.<\/p>\n\n\n\n A three-team round robin bet creates three different two-team parlays (also known as a “2 Pick”) from the three teams you chose. Your 2 Pick round robin would look like this:<\/p>\n\n\n\n So, a $10 round robin wager for a three-team parlay will cost you $40. That price includes $10 for the initial parlay, plus an additional $10 per combination for the 2 Pick ($10 x 3 combinations = $30). <\/p>\n\n\n\n If Team A is a loser, but Team B and Team C both win, then you can still cash the third parlay with Team B + Team C.<\/p>\n\n\n\n Let’s take a look at what a four-team parlay looks like in a round robin format: TEAM A + TEAM B + TEAM C + TEAM D. <\/p>\n\n\n\n For your four-team round robin, you have the option of betting a “2 Pick” (a bet on every possible combination of two teams from the group of teams you have selected) or “3 Pick” (a bet on every possible combination of three teams). <\/p>\n\n\n\n If you select Pick 2, then you will make six two-way parlays. A 4-team round robin parlay with a Pick 2 will look like this:<\/p>\n\n\n\n If you select a Pick 3, then you will make four three-way parlays. A 4-team round robin parlay with a Pick 3 will look like this:<\/p>\n\n\n\n A round robin bettor also has the option to wager on all combinations. In the above example, this would equal 11 total bets. The 11 bets would be comprised of the initial four-team parlay plus the six Pick 2 parlays and four Pick 3 parlays. <\/p>\n\n\n\n For a $10 round robin, the total investment is $110 (11 bets at $10 each). If one of your four teams loses, you would still win four out of 10 round robin bets.<\/p>\n\n\n\n As the number of teams in your parlays and round robins increase, both the potential reward and the risk go up. A seven-team parlay will give you the option for a round robin with various combinations from a Pick 2, Pick 3, Pick 4, Pick 5, or Pick 6. <\/p>\n\n\n\n Just a reminder, it takes a stout bankroll to afford a proper seven-team parlay round robin.<\/p>\n\n\n\n A perfect round robin is when all the teams in your initial parlay win. When that happens, all of your round robin bets will cash.<\/p>\n\n\n\n If one of your teams from your three-team parlay losses, then your overall parlay will lose, but you can still win one of your three round robin bets. If Team A loses, then the round robin parlay with Team B and Team C will cash.<\/p>\n\n\n\n If one team from your four-team parlay loses, you will still win three out of six of your round robin Pick 2 bets. If you made a round robin Pick 3, then you will win one out of your four bets. If you bet all possible combinations, then you will cash four out of 10 round robin bets.<\/p>\n\n\n\n\n
What Is A Round Robin Bet?<\/h2>\n\n\n\n
How Does A Round Robin Bet Work? <\/h2>\n\n\n\n
Round Robin Bet Example 1:<\/h3>\n\n\n\n
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Round Robin Bet Example 2:<\/h3>\n\n\n\n
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How Do You Win A Round Robin Bet?<\/h2>\n\n\n\n
How To Make A Round Robin Bet<\/h2>\n\n\n\n