Round Robin in Sports Betting: A Complete Guide

Eugene Ravdin

Eugene Ravdin

3.7

Sports betting is a popular pastime enjoyed by many people around the world. It involves placing a wager on the outcome of a sporting event, such as a football match or a horse race. While some people prefer to place simple bets, others enjoy more complex betting options, such as the Round Robin. In this article, we'll explore what Round Robin betting is, how it works, and why it's worth considering.

What is Round Robin Betting?

What is Round Robin Betting?

Round Robin betting is a type of parlay bet that allows you to place multiple bets at once. It involves selecting three or more teams and creating all possible combinations of parlays from those teams. This means that if you choose three teams (A, B, and C), you will have three separate two-team parlays: AB, AC, and BC. If you choose four teams (A, B, C, and D), you will have six separate three-team parlays: ABC, ABD, ACD, BCD, AB, and AC. Essentially, Round Robin betting allows you to hedge your bets by covering multiple outcomes.

How Round Robin Betting Works:

Round Robin betting is simple to understand. First, you need to select at least three teams to bet on. Once you've made your selections, you can choose how many teams you want to include in each parlay. You can choose to create two-team or three-team parlays, depending on your preference. Next, you will need to decide how much you want to wager on each parlay.

The beauty of Round Robin betting is that it allows you to cover multiple outcomes with a single bet. For example, let's say you choose three teams: A, B, and C. You create three two-team parlays: AB, AC, and BC, and you wager $10 on each parlay. If A and B win, but C loses, you will win the AB and BC parlays, but lose the AC parlay. This means you will still come out ahead, despite not getting all three outcomes correct.

Examples of Round Robin Bets:

Round Robin betting is not limited to traditional point spread bets. You can also use this betting strategy for other types of bets, such as moneyline bets and totals bets. Here are a few examples of Round Robin bets:

Example 1: Point Spread Bet

Let's say you want to bet on three football games: Game 1, Game 2, and Game 3. The point spreads for these games are:

Game 1: Team A -3 vs. Team B

Game 2: Team C +7 vs. Team D

Game 3: Team E -10 vs. Team F

You decide to create two-team parlays and wager $20 on each parlay. Your Round Robin bet would look like this:

Parlay 1: Game 1 (Team A -3) and Game 2 (Team C +7)

Parlay 2: Game 1 (Team A -3) and Game 3 (Team E -10)

Parlay 3: Game 2 (Team C +7) and Game 3 (Team E -10)

If all three parlays win, you will receive a payout of $240 ($80 for each winning parlay).

Game Point Spread Team A Team B Team C Team D Team E Team F
1 -3 Win Loss        
2 +7     Win Loss    
3 -10         Win Loss
Parlay 1 Team A -3 and Team C +7 Win Loss Win Loss    
Parlay 2 Team A -3 and Team E -10 Win Loss     Win Loss
Parlay 3 Team C +7 and Team E -10     Win Loss Win Loss
Payout   $80 $0 $80 $0 $80 $0
Total payout             $240

Example 2: Moneyline Bet

Let's say you want to bet on three baseball games: Game 1, Game 2, and Game 3. The moneylines for these games are:

Game 1: Team A -150 vs. Team B

Game 2: Team C +120 vs. Team D

Game 3: Team E - 165 vs. Team F

You decide to create two-team parlays and wager $25 on each parlay. Your Round Robin bet would look like this:

Parlay 1: Game 1 (Team A -150) and Game 2 (Team C +120)

Parlay 2: Game 1 (Team A -150) and Game 3 (Team E -165)

Parlay 3: Game 2 (Team C +120) and Game 3 (Team E -165)

If all three parlays win, you will receive a payout of $345 ($115 for each winning parlay).

Game Money line Team A Team B Team C Team D Team E Team F
1 -150 Win Loss        
2 +120     Win Loss    
3 -165         Win Loss
Parlay 1 Team A -150 and Team C +120 Win Loss Win Loss    
Parlay 2 Team A -150 and Team E -165 Win Loss     Win Loss
Parlay 3 Team C +120 and Team E -165     Win Loss Win Loss
Payout   $38.33 $0 $38.33 $0 $38.33 $0
Total payout             $345

Example 3: Totals Bet

Let's say you want to bet on three basketball games: Game 1, Game 2, and Game 3. The totals for these games are:

Game 1: Over/Under 210

Game 2: Over/Under 220

Game 3: Over/Under 200

You decide to create two-team parlays and wager $30 on each parlay. Your Round Robin bet would look like this:

Parlay 1: Game 1 (Over 210) and Game 2 (Over 220)

Parlay 2: Game 1 (Over 210) and Game 3 (Under 200)

Parlay 3: Game 2 (Over 220) and Game 3 (Under 200)

If all three parlays win, you will receive a payout of $540 ($180 for each winning parlay).

Advantages of Round Robin Betting

Advantages of Round Robin Betting

Round Robin betting has several advantages over traditional parlay betting. First, it allows you to cover multiple outcomes with a single bet. This means you can still win money even if you don't get all of your picks correct. Second, it reduces your risk by spreading your bets across multiple parlays. This means you are less likely to lose all of your money on a single bet. Finally, it allows you to experiment with different combinations of teams and parlays, which can be both fun and profitable.

Advantages

Limitations

Can be more complex and require more research and strategy.

Higher risk due to the potential for more bets and combinations.

Conclusion

Round Robin betting is a popular and effective way to hedge your bets and increase your chances of winning. Whether you're a seasoned sports bettor or a beginner, this betting strategy can help you maximize your winnings and minimize your losses. With a little bit of practice and research, you can become a Round Robin betting expert in no time.

FAQ

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How many teams do I need for Round Robin betting?

You need at least three teams to create a Round Robin bet.
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What types of bets can I use for Round Robin betting?

You can use point spread bets, moneyline bets, totals bets, or any combination of these.
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How many parlays can I create with Round Robin betting?

The number of parlays depends on the number of teams and the number of teams you include in each parlay.
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How much should I wager on each parlay in Round Robin betting?

The amount you wager on each parlay depends on your bankroll and risk tolerance.
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What happens if one of my picks loses in Round Robin betting?

If one of your picks loses, you can still win money on the other parlays.
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What are the advantages of Round Robin betting?

Round Robin betting allows you to cover multiple outcomes, reduces your risk, and allows you to experiment with different combinations of teams and parlays.
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Can Round Robin betting be profitable?

Yes, Round Robin betting can be profitable if you choose your teams and parlays wisely.
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What sports can I use Round Robin betting for?

You can use Round Robin betting for any sport that allows parlay bets, such as football, basketball, baseball, and hockey.
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Are there any downsides to Round Robin betting?

The downside of Round Robin betting is that it can be more complex than traditional parlay betting, and it requires more research and strategy to be successful.

3 ratings, average 3.7 out of 5

Review Author

Eugene Ravdin

Eugene Ravdin

Hey! I've been working for the official UEFA website for 18 years as a translator, reporter, editor, and language version editor in chief.