The round robin is not a popular tool in the arsenal of many bettors. A lot of people new to gambling may not even know what it is. It was built for people who like the idea of having upside but do not like the idea of all-or-nothing propositions.
If you have ever felt the gut shot of losing one leg of a big parlay and ending up with nothing, the round robin may be for you.
How Round Robin Betting Works
A round robin bet is a series of bets. Think about it as playing a bunch of numbers boxed in a state lottery, playing a trifecta or exacta box with a bunch of horses at a racetrack. A round robin takes a series of wagering options and plays every combination of those options parlayed together in separate bets.
With a parlay, every outcome you include needs to hit for you to get paid out. With a round robin, one or more selections can lose, but you can still cash some of the other legs to hopefully break even or create a small profit overall. Just like anything in life or sports betting, there is a catch. Round robins can help you limit your downside, but they do so by trading off the limits on your upside.
A Round Robin Betting Example
A bettor may have an interest in betting on three teams on a given slate of games. The best way for that bettor to do so is by parlaying those three outcomes together on a single bet. Parlaying the three outcomes would give the bettor the best chance to maximize his upside but to do so, he needs to correctly pick all three games as winners.
If any one of those three games loses, the bettor loses whatever he ended up risking.
With a round robin bet, those wagering dollars are split up into multiple bets using the outcomes the bettor selects. Part of the money would still go to a three-outcome parlay with all three choices, but you would also have equal parts going to smaller two-team parlays with each combination of the three outcomes in the bet.
A three-team round robin is four separate bets as opposed to that three-team parlay. The round robin bettor would get a three-team parlay but would also have three two-team parlays. One bet would be Team A and Team B, one would be Team A and Team C, and the third would be Team B and Team C.
What this strategy allows you to do is be wrong on one of those bets and not end up losing the totality of your initial wager. If Team A happens to lose, you would still have a winning ticket with Team B and Team C parlayed together that would get you some money back.
If all three teams win, you would have a higher payout by parlaying them together, but you still end up with a nice payout on a round robin if you were correct on all three games.
You can add more and more games to a round robin, and then choose how many combinations you’ll include in your round robin bet. But be sure to watch how much total money will be included in your bet.
How to Bet Round Robins Effectively
Try these strategies for your best round robin outcome:
Select your options wisely: Avoid long shots, and instead look for teams or events that seem like the surest bets.
Understand risk vs. reward: You get more chances of winning with round robins, but you also must invest more initially because of all the multiple bets. Manage your bankroll correctly.
Try different combinations: Experiment with different numbers of teams and parlays in your round robins to balance risk and potential payouts.
Advantages of Round Robin Betting
It really comes down to your tolerance for risk. Round robins give you a chance to limit your downside, but you do have to give up a little bit of upside in the process.
For those trying to make a score but also limit the number of times they must make a new deposit, round robins are a better strategy than the all-or-nothing approach of playing big upside parlays.
Start Your Round Robin Betting With Tipico
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