Round robin betting is a type of wager that lets you mix several parlays into one bet. Although it’s not very common or easy to grasp, it offers the advantage of reducing the risk associated with traditional parlays. You can lose one or more parts of the bet and still potentially earn a return.
This article will explore what a round robin bet is, how round robin betting functions, how to place round robin bets, and highlight the features of these bets. We’ve included various examples, strategies, and explanations to show how round robin bets work across different sports.
Round Robin Explained: What is Round Robin Bet?
A round robin bet is a way of breaking down a larger round robin parlay bet into smaller, more manageable bets. Simply put, it’s a strategy where you make multiple parlay bets on a group of teams or players, forming different combinations in one bet.
The term “Round Robin” comes from tournaments where each participant plays against every other participant once. Similarly, in a round robin bet, each choice from your original parlay is paired with every other choice at least once.
The goal is to reduce the risk of losing everything if one part of your predictions doesn’t work out. To understand the process of round robin betting more clearly, follow the step-by-step instructions below to learn how it works.
Round Robin Bet Meaning
Round Robin bets let you create multiple smaller parlay bets from a larger group of selections. Instead of putting all your picks into one big parlay, you make a series of smaller ones. This way, you have a better chance of winning, as you only need some of your picks to be correct for a few parlays to succeed.
How Does Round Robin Work
With a Round Robin bet, you pick several teams or outcomes, and the system then creates all possible smaller parlay combinations with a certain number of teams. Here’s the process:
- Selecting teams: Start by choosing the teams or players you want to bet on. These could be from sports like football, basketball, or even individual players in tennis.
- Deciding bet size: Decide how much money you want to bet on each parlay in the round robin. This helps you understand your overall risk.
- Creating Parlays: In a round robin bet, you make several small bets called parlays. Each involves two or three teams from your chosen list. For example, if you select teams A, B, C, and D, you can create parlays like AB, AC, AD, BC, BD, and CD.
- Placing Bets: After setting your parlays, place a separate bet on each one. If you have six parlays, you’ll place six bets in total.
- Bets are placed “per line,” meaning your chosen amount is staked on each parlay. For instance, if you stake $10 on each of six parlays, your total bet is $60.
- Calculating payouts: A parlay bet wins if all the teams in it are successful. The payout is based on the odds of the teams or players chosen. To figure out how much you might win, multiply the odds of each team in the parlay. It’s easier to do this with decimal odds, or you can use an online round robin parlay calculator to estimate your potential returns.
Types of Round Robin Bets
Two-Team Round Robins
A two-team round robin, also known as doubles, allows you to make two-team parlays from your chosen bets. If you choose three teams (A, B, and C), the Round Robin will create these combinations:
- Team A and Team B
- Team A and Team C
- Team B and Team C
This method usually results in more frequent smaller wins and is less risky than larger parlays.
Three-Team Round Robins
Three-team Round Robins, also known as trebles, involve creating combinations of three-team parlays from your selections. Here’s a round robin bet example, if you choose four teams (A, B, C, and D), you could make these combinations:
- Team A, Team B, Team C
- Team A, Team B, Team D
- Team A, Team C, Team D
- Team B, Team C, Team D
Compared to two-team Round Robins, this method has more risk but also offers the chance for a higher payout.
Four-Team (or more) Round Robins
In a Round Robin bet with four or more teams, you pick several outcomes to create multiple four-team parlays or more. For example, if you choose five teams (A, B, C, D, and E) for a four-team Round Robin, you get these combinations:
- Team A, B, C, and D
- Team A, B, C, and E
- Team A, B, D, and E
- Team A, C, D, and E
- Team B, C, D, and E
More teams in each parlay can mean a higher payout. However, it also increases the risk because all selections must be correct to win.
Advantages of Round Robin Betting in Sports
Round robin sports betting can be tough, and there are times when it’s better to avoid it. But if your selected picks do well, you can get amazing rewards that are hard to match. Here are some pros and cons of round robin bets.
Advantages
- Diversification: Round Robin betting lets you spread your risk over several bets. Even if some don’t win, others might. This can help you make a profit or recover some money.
- More chances to win: With multiple combinations, you have better odds of winning compared to one big parlay where every pick has to be right.
- Flexibility: You can adjust the size and number of parlays based on how confident you feel.
- Less risk: A round robin bet can help cushion the impact of wrong picks. This lowers the risk of losing everything compared to betting everything on a single large parlay.
Disadvantages
- Higher cost: With multiple bets, a round robin usually costs more than a single similar-sized parlay.
- Smaller payouts: While you have better chances of winning, the payout for each successful parlay is usually lower because there are fewer selections than in one large parlay.
- Increased complexity: Handling multiple bets at once can be more complicated. Plus, this requires more knowledge about betting calculations and results.
- Possible losses: If many combinations lose, you could end up with overall losses, despite some successful bets.
Round Robin Betting Strategies and Tips
Sports betting offers many wagering options, and round robins can be a great way to increase your potential winnings. Check out these effective round robin strategies below for continuous success.
Understanding Round Robin Betting Payouts: Combine Favorites and Underdogs
To increase potential payouts with a round robin style, consider mixing favorites and underdogs. Favorites usually offer smaller payouts since they are expected to win. Underdogs, while riskier, can provide larger payouts. Be cautious with underdog bets and limit the number to manage risk effectively.
Stay Informed
Research each team or outcome in your choices. Look at factors like current form, injuries, historical performance, and other important statistics. Also, stay updated with the latest news and changes. It can help you adjust your strategy effectively.
Choose Bets That Have Higher Chances of Wins
Including high-probability bets in your selections can increase your chances of winning with round robins. For instance, by choosing three high-probability bets in a four-pick selection and then creating two- and three-team parlays in a round robin format, you improve your odds of getting at least one win. This strategy also keeps the chance for a big payout from the three-team parlay.
Think About Safer Parlays
Round robins with 3 or more teams can lead to higher profits but come with greater risk. Adding more selections to a parlay increases the chances of losing. A good approach is to focus on parlays with fewer picks. Preferably no more than 3, when placing round robin bets. If you feel lucky, think of spreading your wager attack across as many two- and three-pick parlays as possible from your choices.
Common Mistakes to Avoid
Check out some key mistakes to avoid in your round robin betting strategy:
Overcomplicating Bets
Adding too many teams or outcomes can raise your total cost without improving your winning odds. It’s wiser to pick a few well-researched, high-quality options. Also, trying to cover too many scenarios can make your bets hard to track and manage. Just keep it simple and stick to your best insights.
Ignoring Research
Another major mistake is not doing thorough research. Ignoring analysis for each pick may harm your chances of success. Bettors should spend time looking into form, statistics, and any external factors that might affect their choices. Treating round robin betting as just a game of chance without making informed decisions rarely results in consistent wins.
Making Unworkable Betting Round Robin
It might be tempting to create complicated round robins, but when you’re a beginner you should start small. Focus on a few selections and aim for smaller parlays (2-3 teams) in your round robin. This approach boosts your chances of early wins and helps you learn.
Conclusion
Round Robin betting offers an entertaining way to enjoy sports betting with less risk. It lets you spread your bets across various combinations, unlike traditional parlays, which means you don’t risk everything on a single outcome. To get the best results, it’s crucial to do your own research, manage your funds wisely, and choose your combinations carefully. Learning the common pitfalls and knowing how to avoid them can lead to a better betting experience.
