You get tied together with every other team in your betting pool, similar to that style of tournament. If you have ever seen a round robin tournament each team plays every other team in their pool. Where Does Round Robin Betting Get Its Name? An Origin Story Here you would win all of your parlays and cash in on a fairly large set of tickets. If you go 2-1 then you will lose the three-teamer and one of the two-team parlays, but you’ll also win one.īy betting all of the games individually as well, you will come close to breaking even, or possibly even win a small amount if you go 2-1. If you go 1-2 or worse, 0-3, then all of your parlays will lose too. If these are all juiced at -110 then your returns would be approximately 6-to-1 on the three-team parlay, 2.5-to-1 on each of the two-teamers, and then 1.1 to win 1 unit on each individual wager. You might also have three single wagers on each of the sides for complete coverage. You would have Miami-Detroit, Miami-Philadelphia, and finally, Detroit-Philadelphia tied together in different two-team parlays. Your round robin bet would create a parlay of all three teams, and then three additional parlays of the two team combinations. Let’s just say you are deciding to take Miami, Detroit, and Philadelphia. In theory, though you can include as many wagers as you would like. Let’s take an example of a round robin bet featuring three teams. You still have a parlay with every one of your bets hooked together in case you catch a heater and sweep the board. This strategy is used to mitigate some of the risks while maintaining the potential for a big payout. This means that not all of your predictions are going to have to come through for you to show a profit and cash in. Check out our parlay bets explained if you need a primer on what a parlay actually is. You create a pool of several bets that you want to make, typically sides, totals, and money lines, and you combine them into multiple smaller parlays. Round robin bets are a way that allows bettors to place multiple, smaller, parlay bets on the games that they like.

What is a Round Robin Bet: A Quick Definition Let’s take a deep dive into understanding what a round robin bet is, including its definition, how it works, and how you can use it to make more money with your wagering. One strategy that has gained in popularity has been round robin betting. In the world of sports betting, there are a number of strategies gamblers have come up with in search of ways to increase their winnings over the sportsbooks.

Is parlay betting worth it