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A round robin bet allows you to combine multiple parlay bets into one larger bet. In a parlay bet, you're betting on the outcome of multiple events, such as the results of different sports games or the performance of various horses in a race. In my case for the most part, it’s the individual player props. With a round robin, you can select a group of teams or outcomes and create different combinations of those bets, increasing your chances of winning.
Here's an example to help illustrate how a round robin works:
Let's say you're interested in betting on three football games: Game A, Game B, and Game C. Instead of placing three separate parlay bets, you can create a round robin bet with these games. You decide to create three different combinations: AB, AC, and BC. This is called a “RR by 2s x3” or round robin three selections by 2s.
In the AB combination, you're betting on the outcome of both Game A and Game B. In the AC combination, you're betting on the outcome of Game A and Game C. And in the BC combination, you're betting on the outcome of Game B and Game C.
Each combination functions as its own parlay bet. So, if you bet $10 on each combination, your total wager would be $30 ($10 on AB, $10 on AC, and $10 on BC). If all three combinations win, you would receive a payout based on the odds of each bet.
Round robins offer flexibility because you don't have to win every combination to see a return. For example, if you win the AB and BC combinations but lose the AC combination, you would still receive a payout for the winning combinations.
(Winning 2/3 and getting a partial payout)
However, it's important to note that round robins can be more complex and require a larger investment compared to individual bets or simple parlays. Additionally, the potential payout may be lower compared to hitting a single parlay with all the correct outcomes.
Remember to always gamble responsibly and within your means.
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