Round-Robin Bet Type Explained
A round-robin bet is an accumulator in which you create multiple parlays from a larger set of bets. This betting guide explains what round-robin means and how it can be used by various players. It highlights its perks compared to classic parlays and its few shortcomings.
Round-robin bets allow you to create separate parlays, so if one selection loses, you can still win. For example, if you have three selections (A, B, and C), a round-robin bet creates three separate two-team parlays. They are: A+B, A+C, and B+C. It is one of the basic and effective system bets.
- 1Step-by-step guide to place a round-robin bet
- 2How does the round-robin bet work?
- 3Round-robin bet payout- what to expect?
- 4How to calculate round-robin bet odds
- 5Variants of the round-robin bet
- 6Strategies for creating a round-robin bet
- 7Pros and cons of round-robin bets
- 8Safety comes first with round robin bets
- 9FAQs about round-robin bets
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Step-by-Step Guide to Place a Round-Robin Bet
We explained what a round-robin bet means, so let’s continue with how to place this type of bet. This is not a “how to place a bet” guide, so we will keep things simple with only four steps:
How Does the Round-Robin Bet Work?
Let’s explain how a round-robin bet works with a simple round-robin football bet example.
We have three football matches you can bet on. For example:
- Team A vs Team B
- Team C vs Team D
- Team E vs Team F
Now, let’s assume that you think Team A, Team D, and Team E will be the winners of these matches. Here are the odds offered for them:
- Team A – 1.35
- Team D – 3.90
- Team E – 7.50
So far so good, right? At this point, you have two options:
- You can create a single parlay bet and add all these selections. In one wager, you bet that teams A, D, and E will win the match.
- You can create 3 parlays with two teams and place a round-robin bet. It will look like this:
PARLAY 1
PARLAY 2
PARLAY 3
Team D – 3.90
Team E – 7.50
Team E – 7.50
Note that the bet type is not important. It can be a moneyline bet or a point-spread bet. No matter which one it is, if two of these parlays win, we win the bet. Also note that by picking more teams you can create a four-team round-robin bet too, or even more.
Examples of Round-Robin Bets in Other Sports
Round-Robin Bet Payout: What to Expect?
The round-robin bets do not change the odds of parlay but will pay more if all your choices win. This is because its cost is also higher. For example:
How to Calculate Round-Robin Bet Odds
A round-robin odds calculator can be useful if you add many selections on the same betting slip. Assuming you select three teams and create two team bets, a parlay calculator will be used for each combination. Such a tool is useful when you have multiple bets and different selections.
Let’s say you have a parlay containing LA Dodgers at 1.50, New York Yankees at 2.00, and Boston Red Sox at 1.6. A parlay for the Dodgers and Yankees will produce odds of 1.50 x 2.00=3.00. You can do the same for the other two combinations and use a round-robin calculator for complex parlays. Betting strategies usually involve larger parlays, with more round-robin combinations possible.
Variants of the Round-Robin Bet
Some bookmakers use different terms for a round-robin bet, and there are other similar bet types to a round-robin. To give you a general idea, we are listing them all below:
Strategies for Creating a Round-Robin Bet
The round-robin wager gives you more freedom than standard parlays. When betting on sports, the goal is to mitigate risk, and round-robin parlays give you a safety net that traditional parlays lack. Still, you need a right round-robin betting strategy to offset the house edge and win.
Pros and Cons of Round-Robin Bets?
PROS
- Can pay much better than regular parlay bets.
- You can still win even if one of your selections loses.
- Works on all sports, not only horse racing.
CONS
- Costs more than regular parlay bets.
- Can be quite complex with more selections.
Safety Comes First with Round Robin Bets
Parlay betting already leads you to a high potential payout and the thrill of betting on many sports. If you want to make money betting on football, your priority should be to keep the risks low. The round-robin bet gives you the best of both worlds, with decently high odds and lower chances.
Having the round-robin bet explained allows you to add more selections on the same bet slip. You can create more complex football betting strategies, knowing you don’t have to predict all winners. If the odds are high enough and you make correct picks, round-robin betting will boost your bankroll.
FAQs About Round-Robin Bets
It is a type of parlay in which you create multiple accumulators from a larger set of bets. You can use money line, handicap betting, game totals, and other popular markets from any sport.
You are paid for every correct combination based on the odds produced by the round-robin calculator. The round-robin bet can be very profitable with the right odds and accurate sports betting tips.
In parlay betting, all your selections must win to win the bet. You lose even if only one of them loses. In a round-robin bet, you can lose a single selection and still win.
This is a multi-bet accumulator that consists of 11 bets (6 doubles, 4 trebles, and 1 fourfold accumulator) in 4 different events. This term is used in horse racing betting.
In a round-robin bet, the number of bets that can be lost depend on the selections you make on your betting slip. In this type of bet the risk of losing your entire stake is higher due to the multiple parlays required. Generally you can lose one ore more legs, but still be profitable. But if none of the bets are winners, you will lose the whole wager.
The tie in a match doesn't automatically mean you lost, but it can lower the potential payout. This happens because there are fewer teams in the parlay to be taken into account.
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