After placing a few different bets across different matchups, you may see an option on your bet slip for a “round robin bet”. What is that and how can you make money off of it? Simply put, it has more upside than a straight bet, and less risk than a parlay.
Using Football Behavior’s Pigeon Picks sports betting model, we use these bets to take advantage of our projected winner and scores, without the risk of needing to hit all of them in a parlay.
What’s a Round Robin Bet, and What Does It Mean?
What Is Round Robin Betting?
Round robins are a gambling strategy where bettors create multiple parlay bets at once. Parlay bets link multiple individual bets together, offering higher payouts but requiring all bets to win for the bettor to profit. In a round robin, however, bettors select multiple teams or outcomes and create all possible parlay combinations from those selections.
This approach diversifies the risk, as it doesn’t rely on a single parlay to be successful. If some bets win, the bettor still receives payouts, albeit smaller than the full parlay. This provides flexibility and a cushion against losses, making it a popular choice for experienced gamblers seeking a balance between risk and reward.
Round Robin Betting Explained
These bets come in various types, providing flexibility to bettors. The most common examples include a 2-way round robin, involving multiple teams where each team is paired with every other team to create individual 2-team parlays. 3-way round robins extend this concept to 3-team parlays, and so on.
Another type is the progressive round robin, where the number of parlays increases based on the outcomes. For instance, if one parlay wins, additional parlays are created with the remaining bets. Lastly, there’s the complete round robin, encompassing all possible parlays from the selected bets. These strategies allow bettors to cover various combinations, balancing risk and potential winnings. Similar to how we use dutch betting, this is one of our favorite ways to do that.
Examples of Round Robin Bets
Two-Way
A two-way round robin involves multiple teams, pairing each with every other team to create individual 2-team parlays, offering a diverse betting approach.
Imagine placing bets on Miami Dolphins +3, Detroit Lions moneyline, and Atlanta Falcons +6. In a two-way round robin, these teams are paired with each other in various 2-team parlays, diversifying bets and increasing chances of winning, allowing you to cover multiple combinations for a more strategic approach to betting.
Only one combination needs to hit for you to win, unlike a 3-team parlay where all three would need to hit concurrently. Three-way is the same concept, but with three team combinations among four or more teams.
Progressive
Progressive round robin betting adapts based on outcomes. If one parlay wins, new parlays are formed with remaining bets. It offers flexibility and a cushion against losses, adjusting the betting combinations dynamically. This approach maximizes opportunities, balancing risk and potential payouts as the bets progress through different outcomes.
If you’re a fantasy football player, consider this the “best ball” version.
Complete
Complete round robin betting covers all possible parlays from selected bets. It involves every combination, ensuring all potential outcomes are covered. This comprehensive strategy minimizes risk by encompassing all possible winning scenarios, offering a thorough approach for bettors seeking to explore diverse betting options and increase their chances of winning.
How Do You Make Money With Round Robin Betting?
How Do You Make Money With Round Robin Bets?: Round Robin Betting Can Be A Strategic Way To Secure A Profit
Round robin betting diversifies bets across multiple parlays, increasing chances of winning. Even if some bets lose, partial payouts are possible. With a straight parlay, if one leg loses, the whole bet loses.
To make money, bettors profit when enough individual bets within the parlays win to cover the overall wager, offering a strategic way to manage risk and earn returns in sports betting. At Football Behavior, all we care about is return on investment when we use our Pigeon Picks model to place bets. This is one of our most successful ways at doing that.
Are Round Robin Bets Profitable?
Round robin bets can be profitable with careful strategy. With the risk across multiple parlays, This increases the likelihood of winning some bets. While individual payouts may be smaller than that of a parlay, managing risk through diversification can lead to consistent profits, making these bets a viable option for experienced and strategic sports bettors.
What Sports Can You Make The Most Money With Round Robins?
Round robin bets can be applied profitably across various sports, including football, basketball, baseball, and soccer. We obviously prefer football here at…Football Behavior.
Regardless of sport, the key lies in strategic bet selection and understanding the sports’ nuances. By diversifying bets and managing risks effectively, these strategies can potentially yield significant profits across a range of sporting events.
Round Robins vs. Parlays: What’s The Difference?
Parlays involve linking multiple bets for a higher payout, but all bets must win. Round robin betting creates multiple parlays from selected bets, diversifying risk. If some bets lose, partial payouts are still possible. They offer a strategic approach, allowing bettors to cover various combinations, balancing risk and potential winnings.
Round Robin Bet FAQ
- What is a round robin bet?
It is a strategic betting approach where multiple parlays are created from selected bets. It diversifies risk, allowing bettors to cover various combinations, increasing chances of winning, even if some bets within the parlays lose.
- Can I make money with round robin bets?
Yes, you can potentially make money. By diversifying bets and managing risk, this strategy increases the chances of winning some bets, leading to profits. Success depends on careful selection and understanding of the sports and betting markets.
- Are round robin bets different from parlays?
Yes, they are different from parlays. While parlays involve combining multiple bets into one, round robin bets create multiple parlays from selected bets, spreading risk. If some bets lose, round robins still offer partial payouts, making them more flexible.
- What sports use it?
These bets can be very versatile and can be applied to various sports such as football, basketball, baseball, and soccer. It allows bettors to diversify their bets across different sports events, enhancing their strategic approach to wagering.
- Are they worth it?
These bets can be worth it for experienced bettors seeking a strategic approach. They diversify risk, covering multiple combinations and offering partial payouts if some bets win. Success depends on careful selection and understanding of the sports and betting markets.
- Can I track Football Behavior’s bets?
Yes, you can track all of our bets, by subscribing to the Free Football Behavior Newsletter in the blue box below, or by following us on Pikkit.