What Is a Round Robin Bet and How Does It Work for Sports Betting

27 Aug by jfthretwerdge

What Is a Round Robin Bet and How Does It Work for Sports Betting

When it comes to sports betting, each punter seeks the best bet types, strategies, and tips. Knowing the available options will allow making the right choice. Round robin cannot be called the most popular type of bets, but it is surely worth your attention. You should understand how it works to use the benefits it may give you.

So, what is a round robin bet? In this article, you will find this type of betting explained, so keep reading it.

what is a round robin bet

What Is a Round Robin Bet?

Round robin sports betting is a type of parlay, which means that it requires making several bets simultaneously. The name of this bet type comes from tournaments where each team plays against each other at least once within a round.

You can create a parlay using different betting lines, such as spread, total, moneyline bets, etc. A typical parlay is simply about combining several bets into a single one. It is a quite unsophisticated way of hitting big coefs preferred by many bettors. When it comes to a round robin bet, it implies creating several small parlays to include a maximum possible combination of events.

Such a bet must incorporate at least three parlays, but you can add more bets if you wish. Before placing such a bet, you should find out how many parlays it can cover. It is also important to find a reliable bookmaker with favorable odds. Parimatch, in particular, offers online betting both on its official website and in a betting app.

In the first case, you need to find Parimatch’s website available in your country. For instance, there is a site designed for punters in Tanzania, Africa. As for using an application, you can choose from two versions — for Android or iOS devices.

How Does Round Robin Betting Work for Sports Betting?

So, how does a round robin bet work? It is better to explain this through a simple example.
Let’s say, you believe that the following four teams are going to win:

  • A
  • B
  • С
  • D

You can make a single wager on each of the events, or you can combine all of them in a single bet. In this case, you will get a typical parlay bet, which includes the following:

  • A
  • B
  • С
  • D

Another option you have is to place a 4 team round robin bet. In this case, you will get six small parlay bets:

Bet#1 will include the following teams:

  • A
  • B

Bet#2 will include the following teams:

  • A
  • C

Bet#3 will include the following teams:

  • A
  • D

Bet#4 will include the following teams:

  • B
  • C

Bet#5 will include the following teams:

  • B
  • D

Bet#6 will include the following teams:

  • C
  • D

If you make a parlay bet on all the legs and one of them loses, you will lose your wager. However, it works in a bit different way for round robin betting. You will place six separate bets. The thing is that only the selections with the team that loses will also lose. For instance, all the teams except for team A have won. In this case, you will have the following result:

  • Winning bets — #4, #5, and #6
  • Losing bets — #1, #2, and #3

Pros and Cons of Round Robin Strategy for Sports Betting

If you are not sure whether you should opt for a round robin bet, find out what advantages and disadvantages of such a strategy are.

So, the main benefit of this type of bet is that it gives more options for winning since your bet may win even if not all the bets will be successful. At the same time, it may require greater investments compared to traditional forms of betting.

Round Robin Bet Example

Now you can have a look at a clear example giving insight into round robin in betting. The simplest way to begin making such a bet is to pick 3 teams and create 3 parlays, each of them including 2 teams.
For example, you have the following teams:

  • Patriots -7.5
  • Ravens -6
  • Raiders +4

Eventually, you will have the following:

Bet#1:

  • Patriots
  • Ravens

Bet#2:

  • Patriots
  • Raiders

Bet#3:

  • Ravens
  • Raiders

You want to place $10 on each selection. In this case, you will bet $30 in total. See your potential winnings in the table below:

round robin in betting

Your outcome can be as follows:

Winners Total Winnings, $ Total Losses, $ Profit
Three teams 78 (26*3) 0 78
Two teams 26 20 (two other bets lose) 6
One team 0 30 -30

Alternative Round Robin

If you are looking for an alternative to a round robin bet, consider these options:

  • A Trixie bet. It is a type of bet that includes 4 bets on 3 selections.
  • Patent bet. This type of bet has 3 selections and 7 bets, 3 of which are single, another 3 are double, and 1 is treble.
  • Yankee bet. It includes 11 bets on 4 selections, such as 6 Doubles, 4 Trebles, and 1 fourfold ACCA bet.

Summary

Round robin betting does not belong to the most popular options available for punters today. However, it offers great winning opportunities with less risk. It is offered by all reputable bookies operating in the market. At the same time, such betting requires more investment than some other options.

It is considered the option for experienced bettors. If you are not, you should get at least some basic understanding of sports betting first. If you have already gained some experience with 3-way and other types of bets, then it is recommended to try how the round robin bet works.

You can start by simply choosing three teams that you believe are going to win. It is essential to have good knowledge of the teams’ potential and recent performance. You can use statistics and tips from experts for more accurate predictions. Remember to search for a good bookmaker operating in your country, such as Parimatch.