In today’s guide, we’ll tell you more about what round robin means in online sports betting. It’s a unique hedging technique that allows punters to minimize risk while potentially winning big. In essence, it’s similar to a parlay – that’s why many call it round robin parlay. However, the difference between it and accumulators is that round robins only contain a few bets, while accumulators are bigger.
As explained briefly, the round robin is a parlay bet. It’s a less risky type of bet than accumulators that includes all possible combinations of events. Accumulator bets are larger and tie the outcome of all events together, so if you lose one, you lose it all. With round robin, you will eventually win something as you cover all match outcomes in smaller parlays.
Round robin sports betting is a great way to make some money. It won’t pay the same as large parlays, but it raises your chances of success. A combination of several events can be profitable if you include proper strategies and tie reasonable bets together.
Using a round robin in betting is pretty simple. Most legal bookies will automatically add the selections to your round robin, so you won’t find placing a round-robin hard. In essence, the round robin is a parlay broken up into smaller parts to cover all possible outcomes in a sports event.
Instead of going with dozens of matches, you can select only a few lines and make 3 mini-parlays to minimize your risk of losing the entire accumulator.
Placing a round robin bet may sound challenging, but it’s effortless. All betting platforms on the Internet will automatically create parlays if you add the minimum number of selections, which is 3. You’ll create mini parlays that way, each one working independently from the others.
Just click on the betting lines or odds you like and look at the slip – they should already be there. The calculators will instantly tell you what you can get in return when you enter your stake. Whether it’s over-under bets, singles, or lines doesn’t matter. The system will calculate everything for your round robin bet and the potential return.
Like parlays, you can bet on any market you can think of with round robins. It can be a line in the NBA, a football or soccer match, golf, Formula 1, etc. Anything you set your mind on can be combined into those mini parlays.
Of course, you should check what the bookie offers and find valuable bets to place on your round robin. Going for sky-high odds and markets that don’t look viable to win doesn’t make sense. Do your research well and place reasonable bets, even with less risky systems like the round robin.
Let’s say a bookie offers the following lines:
You can place your money on a parlay if you like those lines. The matches include football, golf, MMA, boxing, basketball, and everything. Instead of building a single accumulator, you can create 3 different 2-team parlays.
Parlay 1
Parlay 2
Parlay 3
Even if one of the options doesn’t cover the spread, the others will be successful. Think of it as 3 independent events. Every parlay works on its own. Of course, each team can fail, so you lose it all, but it’s much smaller than a large accumulator with sky-high odds and payout.
This kind of combination can be profitable. At least you can break even on the round robin, which isn’t something you can say for other types of bets.
Whether you’re placing a wager on an Acca or a round robin doesn’t matter. Betting online is simple, but winning isn’t easy. To minimize the risk further and maximize profit, you’ll need to learn a few strategies.
The most successful invention so far is the lay-the-draw strategy. This term means betting against the draw. In regular bets, you’re betting that a draw will happen. With this strategy, you’re betting that it won’t. In this case, whichever team wins the game doesn’t matter. As long as the match doesn’t end in a draw, your round robin bet wins.
Combining several can be pretty profitable, which is why many punters use this strategy to optimize their profits.
Like a parlay bet, each of your round robin legs must win. For example, if all 3 selections you’ve picked win, the payout will be significantly higher.
Of course, the bets you choose have to be valuable and profitable for the best returns. It’s a bet that’s not as risky as an accumulator with 12 legs or more, but keep in mind that you’ll need to keep an eye on your bankroll. A $100 bet on one round robin out of 3 means you’re betting a total of $300. Of course, it raises the winning potential, but the risk is also significant if you place big money bets.
To answer your question, yes, round robin bets are worth it. They minimize the risk of losing and offer excellent winning potential, especially if all your selections are successful. Of course, since you’re essentially betting on 3 smaller parlays, the investment is higher. That’s the only drawback of this popular betting option that can certainly raise your chances to win.
We hope that our round robin bet explanation guide told you everything you wanted to know about it. It’s an excellent hedging strategy used by many punters. Even new punters can successfully use round robins to win something, even if the payout is not as big as a 14-way parlay.
