The concept of round robin betting is deceptively simple. This betting method lets you make a series of small parlay wagers using a wider range of players or teams. As such, you can maximize the same one wager amongst several different parlay bets.
With multiple possible winning combinations, a round robin bet lets you get more from your wagers. And as a sports bettor, your goal is to make as much money as possible. Round robin betting stands to be a potentially lucrative betting method when utilized correctly.
To learn more and to find out how to effectively make round-robin wagers, keep reading for a detailed analysis and discussion.
What Is a Round Robin Bet?
Round robin betting allows you to place multiple parlay wagers at once. Round robin tournaments are where every team plays against each other at least one time.
There may be a variety of betting lines, such as spread bets or moneyline bets. You have two choices when it comes to building a parlay.
- A single, large parlay should be constructed that ties together all the events.
- To include every possible combination of events, construct a few smaller parlays.
Option 1 is a traditional parlay. Option 2 is round robin.
Round robin bets must include at least three different parlays, although technically there is no limit. It all depends on which combinations you choose to place and how many round robin parlays you make.
It’s important to keep in mind that while round robin betting can affect your payout, it can also increase your chances of winning.
How Does a Round Robin Bet Work?
At its core, a round robin bet is simply a bunch of small parlays built from a large list of wagers. Getting its name from “Round Robin Tournament,” round robin betting follows a similar path in which all teams play the other teams.
But rather than there being a bunch of different teams playing against each other, your teams make their parlay bets together. So if you choose multiple games to wager on, your sportsbook offers the possibility to create smaller round robin parlays that are made up of those games.
As such, you can potentially make thousands of parlay combinations by picking more and more games to bet on. Keep in mind, too, that each sportsbook has its own round robin options and how they’re displayed. So you’ll want to pay attention to make sure you find it on the sportsbook you’re using.
Round Robin Bet vs Parlay
With parlay betting, you have a series of bets. But if any one of those bets loses, the entire parlay loses. A round robin bet is similar in that there is a series of bets. However, you don’t have to worry about giving up potential wins from your remaining bets if one of them loses.
Rather, you still stand to make money from those bets that win. So let’s say your round robin bet consists of 4 bets total, and 3 of them win (with 1 bet losing). You still stand to be profitable. What’s more, you’re afforded the possibility of multiple winning combinations of bets.
This allows you to maximize your single wager, whereas parlay betting limits you in what you can win, even though it offers appealing betting odds.
Best Sportsbooks for Round Robin
BetUS.com.pa, one of the leaders in legal online betting, is licensed in Curacao as well as Costa Rica. They offer a secure and safe place to wager on sports for more than 300,000.
BetUS was founded in 1994 and has been operating for over 25 years. Its mission is to offer recreational sports gamblers an unrivaled experience to indulge their passions for betting and sports.
You will first do your research to determine how many games you would like to bet on for your round-robin wager. There are three to fifteen events you can choose from, as well as 15 lines. You also have the option to decide how many rounds your round-robin wager should go.
Please note that BetUS Sportsbook prohibits you from betting on the outcome of any other event. Picking the opposing team to a team that you have already selected is not allowed by BetUS Sportsbook.
You can choose between three to fifteen events to set up a round-robin at BetUS. Next, choose which subset of these teams you want to win. This will determine the number of rounds in your round robin.
Bovada offers a variety of betting options and is an excellent online sportsbook. You can create a round-robin bet at Bovada by selecting more than two teams and then scrolling down to the “Round Robin” tab.
Bovada’s bet slip will automatically calculate the odds and show a breakdown of the round-robin bet.
MyBookie offers a unique experience for its customers and is an excellent offshore sportsbook. You can create a round-robin wager at MyBookie by selecting more than two selections from the bet slip.
After the bet slip has opened, click the “RR” tab to open round robin betting. The bet slip will show you the payout total for the wager and break down the round-robin parlay.
XBet, a sister site to MyBookie, shares its unique presentation. Round robin betting is only available on XBet for moneyline bets. You can only place a round robin bet on XBet if you make more than two moneyline selections in a bet slip.
After the bet slip has opened, click the “RR” tab to access round robin betting. The bet slip will show you the payout total for the wager and break down the round-robin parlay.
BetOnline is an established offshore casino that allows you to wager on a variety of sports as well as horse racing and other casino games. Since 2001, the site has been online. BetOnline allows you to place more than three wagers at once.
After you have done that, go to BetOnline and scroll down until you see “Create Round Robin.” From there, choose between the two-team parlay option and any combination of round robin options.
SportsBetting.ag prides itself in its sports betting offerings. Thanks to a user-friendly interface, even first-time sports bettors will feel right at home in no time. There’s even an online casino that offers a rich and immersive experience for any sporting event anywhere in the world.
BUSR is a US-friendly online sportsbook. BUSR is a trusted online sportsbook for US players, with a long list of happy customers and a reputation that has grown over time.
BUSR sportsbook is very popular because it offers many betting markets, has adjustable features that make it easy to use, and has some of the best promotions.
2-Team Round Robin
Two-team round robins allow you to bet as many two-team combinations as possible with the same number of teams. Three-team round robin two-way parlay would give you three different two-teamers.
Let’s take an example to illustrate how a two-team round robin bet works. Let’s say you like the Dolphins -7 team, Patriots -7 team, and Eagles +4. Let’s suppose you wanted $100 for each pair. Let’s say you wanted $100 on each pair. Here are your wagers:
- Dolphins -7
- Patriots -7
You can win $260 by placing $100 bets
- Dolphins -7
- Eagles +4
You can win $260 by placing $100 bets
- Patriots -7
- Eagles +4
You can win $260 by placing $100 bets
3-Team Round Robin
Three-team round-robin where A defeats, B defeats, and A defeats A will see each competitor have a record of just one win or one loss. A tiebreaker will be necessary to determine which teams are separated going forward.
In a three-team round robin bet, Team 3 will face the winner of Game 1. In the third game, the losing teams of games one and two will face off. The champion is the team that wins the current undefeated game.
If the team is defeated, they will play another game to decide the champion. As an example, let’s assume that you create a round-robin betting bet on college football that is made up of three teams, and the spread has been divided into three teams. Using a round robin betting calculator would create three parlays of two teams.
You would be able to see the selections in a bet slip, and a breakdown would be shown. Let’s assume that you have selections that indicate that a $5 bet on each available parlay would result in a $15 risk and a $39 return if each of the three teams can cover the spreads.
4-Team Round Robin
In the event that you have a round robin bracket that has 4 teams, you would get the following matches:
- Team A vs. Team B
- Team C vs. Team D
- Team A vs. Team C
- Team B vs. Team D
- Team A vs. Team D
- Team B vs. Team C
It’s worth pointing out that if there is an odd number of teams, one of the teams gets a bye every round. To put it another way, each team gets a bye. In doing this, you’re ensuring that every team is equal and get a fair shake.
As an example, you could create a round robin bet on NBA basketball that would have four teams, with a spread for four teams. Using a round robin betting calculator would create 6 parlays of 2 teams.
We’ll assume that these selections show a $5 bet on each available parlay. This would result in a $30 risk and a $80.57 return if each of the four teams can cover the spreads.
5-Team Round Robin
If you have 5 teams participating in a round robin bet, you would have a total of 10 played games. That’s each team in the group (A, B, C, D, and E). And each team plays a total of 4 games, such as:
- A-B, A-C, A-D, A-E
- B-C, B-D, B-E
- C-D, C-E
The rules follow the same course of action as previously outlined above. The only thing that changes is the combination of potential matchups between the participating teams.
For this example, you could create a round robin bet on five teams in football. We’ll assume that there are five teams at -110 on the spread.
The selections would be displayed in your bet slip. You would need to locate the “Round Robin” box, where you can view a breakdown of wagers. A round robin calculator would create 10 Parlays from 2 Teams.
We’ll again assume that your selections show a $5 bet on each available parlay. As such, they would have a $50 risk and a $134.31 return if each of the five teams can cover the spreads.
Now that we’ve covered the various round-robin matchup possibilities, let’s talk about getting paid. Below, you’ll learn how to calculate your round-robin payouts to ensure that you profit from your winnings.
How to Calculate Round Robin Payout
Each round robin bet should be broken down separately to better understand how they are paid. Let’s take the example of a 3-team round robin bet. Each team is lined at -110.
Therefore, let’s use an example where each wager is placed at $5. Take a look at this table to get a better understanding of how round-robin payouts are calculated.
|Team A & Team B||Won||$5||264 odds||$13.22|
|Team A & Team C||Won||$5||264 odds||$13.22|
|Team B & Team C||Won||$5||264 odds||$13.22|
The entire breakdown of a round robin bet with three teams is shown in the table. These results will be calculated based on whether each team wins the parlay. The payout calculation is based on Team A losing and Teams B and C winning.
|Team A & Team B||Lost||$5||264 odds||$0.00|
|Team A & Team C||Lost||$5||264 odds||$0.00|
|Team B & Team C||Won||$5||264 odds||$13.22|
How Round Robin Bet Pays Out?
Round robin betting pays out on the sum of all the winnings from each parlay during the entire round robin wager.
A $15 round-robin wager with each team at -110 would result in a payout of $39.67. The winnings could be significantly reduced if any of the three teams lose, and 2 of the 3 parlays will be graded as losses.
A $15 round-robin wager with each team at -110 would result in a payout of only $3.22.
Round Robin Betting Strategy
The first thing you need to do is find a sportsbook that accepts round robins. This can be done by using a search engine like Google or Bing. After you have found a sportsbook that accepts round robins, you need to make sure you deposit using the same method of payment that you will be using to place your round robinbets.
This way, you don’t risk losing your money if the sportsbook doesn’t support round robin betting. Once you know that the sportsbook allows round robins and has the odds you want, you can start looking for a bookmaker that accepts your country.
Many online sportsbooks only accept bets from their home country, so you will need to find a bookmaker that allows you to bet from anywhere. After you have found the sportsbook that you want to use for round robin, you need to make sure that they accept your preferences.
This includes the method of deposit and payment used, as well as which sports you want to bet on. If you have any problems with the sportsbook, make sure you let them know that you are going to be playing round robin sports betting strategy.
After you have found the right sportsbook, you will want to find the best odds on each match. This will help you acquire a profit if you are betting round robin style. The best odds will depend on the sport you are betting on.
The best round robinodds are usually available on betting sites that offer a range of sports. When betting with a bookmaker, you want odds that are available on the majority of bets. This way, you won’t be the only one betting on a particular match.
There are different ways to find the best odds on each match. If you are using a bookmaker with a wide range of odds, you can just look at the odds for a particular match. It’s important to remember that not all odds are created equally.
It can be very easy to overlook smaller round robinodds, but it is important to find odds that have a lot of potential for profit. When finding the best odds, you will want to focus on three things. The first is the amount that you have to wager to win on each match.
The second is the odds for other bets that you might want to make. The last thing you want to look at is the percentage of profit.
You need to decide which round robinbets to make while playing round robin sports betting strategy. There are many options to choose from, and you can bet on almost any team or player. When you are choosing your bets, you will want to make sure you focus on three things.
The first is the likelihood of each bet succeeding. The second is the amount you want to wager on each bet. And lastly, you want to decide on what round robin strategy you are going to use. Almost every round robin bet will have a strategy associated with it.
This is something that you will want to make sure you keep in mind as you choose your bets. Whether you want to win a lot of money or just bet on the most popular teams, there are a lot of strategies you can use. Most bookmakers have articles about betting round robin style, so you can learn a lot from there.
After you have decided which bets to make, you need to place those bets. There are three different ways to do this. The first is to place your bets individually. The second is to place your bets on a site that allows you to make multiple bets at once. And the third is to place your round robin bets through a betting app. It is important that you choose the method that works best for you.
Choosing the wrong method can be very frustrating, as it can be difficult to track your bets and see how much profit is coming in. This is why it is important to choose the method that works best for you.
In addition to placing your round robin bets, you will want to keep track of your bets. You will want to get a betting journal or log. This way, you will be able to keep track of your bets and see which bets are making the most profit.
It is also a good idea to make sure you have a backup system in place. This way, if something happens to your computer or phone, you won’t have to worry about losing all of your information. It is important to remember that getting information from a bookmaker can be a bit tricky.
You should always use a bookmaker that has a good customer service team. This way, you can get in touch with them if something happens to your account, and you won’t have to worry about losing any money.
How to Place a Round Robin Bet
Round robin betting is possible in many ways. Round robin betting can be used in many ways. When selecting teams for round-robin wagers, we minimize the error margin by choosing them according to their spread. To win the wager in the following example, Liberty must cover the spread of +7.5 points.
You must place a bet on hockey, or any other sport that has a straight-up line to have your round-robin selection rated a win.
Soccer betting is more complex. Round robin betting does not utilize the 3-way moneyline because a team can play to draw in 90 minutes.
The selection would be considered a loss. You can split your selections if you choose to use the “Asian handicap” soccer wager. This allows you to pick a team on the +0.25 AH line. If the team plays to draw, half of your wager is deemed a win.
Let’s now look at a round-robin basketball bet. Begin by determining how many teams you want to include in your round-robin wager. Let’s suppose you are looking to include three teams into your round-robin wager. You must first choose the three teams you wish to include in your round-robin wager.
Look for the tab labeled “Round Robin” or something similar in your bet slip. Depending on the sportsbook, it will most likely say “Round Robin” (or “RR”)
Enter the parlay amount to complete the round-robin wager. Calculate the total wager for each round using the bet slip calculator
This example shows that a round-robin wager of $25 per team would result in a $75 risk and $151.84 payout if each of the three teams win their respective round robin spreads.
Round Robin Bet Example
In this example, let’s assume that you have six available round robin bets. As such, you can choose from a variety of combinations, including:
- 6 parlays (five-team)
- 15 parlays (four-team)
- 20 parlays (three-team)
- 15 parlays (two-team)
Next, let’s assume that you placed $5 on each one of the 20 round robin parlays (three-team) and $5 on each one of the 15 round robin parlays (two-team).
You’d end up making a $175 investment.
Now let’s assume that three teams end up winning round robin. That would mean you win four round robin parlays (three two-team) and one three-team. As a result, you ultimately win a grand total of $136.34.
Conclusion - Are Round Robin Bets Worth It?
It’ll likely take some time for you to get the hang of when to use round robin betting to your advantage. You’re going to get the most bang for your buck when you place a round robin bet when there are several games being played within a single league.
But once you discover the many benefits and develop a round robin bet strategy, you can certainly maximize your sports betting efforts. In the end, a round robin bet can absolutely be a lucrative endeavor when used correctly.
- You can reduce the margin of error by using a red robin bet with AH or ATS selections
- Your winning percentage improves when used with correlated selections
- Hedge betting can help secure the profits of a red robin bet
- A red robin bet can provide you with substantial payouts
- You are far less likely to lose
- A red robin bet typically requires a larger bankroll
- A red robin bet can sometimes be hard to track
- Certain sportsbooks limit red robin bet options
- Red robin bet parlays are often long-term -EV
Still have some lingering questions regarding the red robin bet method? Check out our frequently asked questions below to help get you up to speed.
What is a round robin bet?
Round robin betting in sports betting involves a series involving two-team round robin parlays made up of a selection of teams. Online betting sites offer round-robin options and automatically create the parlays required to complete the round-robin bet.
How does a round robin bet work?
If you had to choose three sports teams for a round robin parlay, the round robin bet would be made up of Team A, Team B, and Team C. As such, it would comprise three separate round robin parlays that each consist of two teams.
Is round robin a good bet?
Red robin bet methods are primarily good bets when played on days that consist of several games being played within a single league. This ensures the maximum chance of winning.
Is round robin better than parlay?
Many sports bettors agree that a red robin bet is better than a parlay bet. This is due to the simple fact that losing a bet in a red robin bet doesn’t disqualify your remaining wagers as is the case in parlay bets.