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How Does Round Robin Work in Sports Betting?

Author:

Mike F

Updated:

31-03-22

Huge casino fan who loves the occasional sports wager. You can usually find me at the blackjack table or playing slots.

Round Robin wagers are among the most valuable types of bets in sports gambling today and should be taken advantage of by any sports bettor looking to keep their losses to a minimum. If you enjoy parlay betting and haven’t heard of Round Robins, read this guide to learn why they’re one of the best bets on most sportsbooks.

This betting guide will walk you through a Round Robin bet, how they are won, strategies to win these bets, why they are helpful, and an in-depth look into the complexity of a large Round Robin bet example. Enjoy the class and see the best betting apps and sportsbook sites accepting round robin bets below.

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Understanding Round Robin Bets

Most online sportsbooks offer Round Robin bets because of how popular they are among their users. Round Robins are a type of parlay wager that breaks down the legs of a specific parlay into smaller two-team (or larger) parlays.

Round Robin sports betting combines the legs of a parlay (minimum of three-team parlays and maximum of ten on most sportsbooks) into all of the possible combinations of the parlays to limit your losses. Round Robin bet payouts are determined by how many teams of the bets win, which means that if two out of three teams win, you’d still receive some money back.

The more teams in the bet give more Round Robin options to choose from when betting. A three-team Round Robin would make three separate two-team parlays, while a four-team Round Robin could create six two-team parlays or four three-team parlays. The options continue to change based on the number of selected games and are a great way to get away from single bets without being as risky as betting on large parlays.

RoundRobin betting

Round Robin Parlays

Round Robin betting is a great way to mix things up from traditional parlays for massive payouts by combining smaller parlays that they automatically create. Choosing a Round Robin instead of a single three-team parlay turns it into three bets that are two-team parlays.

If a bettor decided to make a three-team parlay consisting of moneyline bets, all three teams would need to cover for the parlay to win. For example, if the Round Robin consisted of the Dallas Cowboys, the Philadelphia 76ers, and the Nashville Predators, the three parlays would be;

  • Cowboys + 76ers
  • Cowboys + Predators
  • 76ers + Predators

As long as two of your three teams cover the bet, you are still a partial winner, like hedging for parlay betting. Now for the fun part of sports betting, winning!

Winning a Round Robin Bet

Winning Round Robins is more manageable than winning larger parlays. You can either win less than your original bet, more than your initial bet, not the total payout, or the full payout. If you’ve bet one three-teamer, you’ll need all three teams to win to be positive but can still win a little of your money back.

If all the parlays to the Round Robin hit, you will win more than a normal parlay. However, there are drawbacks to a Round Robin wager. To win more money than a traditional parlay, you must wager more money because of the smaller parlays.

If each leg of the example above had -110 odds, the total payout would be $596 from a parlay and $992 from a Round Robin parlay. The negative side of this is that you will risk more due to betting multiple parlays.

For our example above, if you want to win $992, you’ll need to bet $300. Each two-team parlay in your Round Robin would have $100 on it, compiling all winnings from the multiple bets.

Conversely, if you wanted only to spend $100 on the example above, you’d have to wager $33.33 on each two-team parlay. This Round Robin bet would result in the potential payout being $264, which would be less than the payout of the parlay but still more significant than your original wager. However, if only two of the teams were to cover, you’d only win $88, which is better than nothing like a parlay.

Now that you understand what Round Robin betting is and how to win, let me show you some examples of them in sports betting.

Round Robin Betting Strategy

Round Robin Bet Examples

While I’ve mostly been explaining Round Robins consisting of two-team parlay combinations, many sportsbooks offer more varieties for the number of legs in the bet slip. Doing so is known as each way Round Robin betting.

For example, a four-team Round Robin would consist of eight total betting combinations. Four combinations consist of three-team parlays, three composed of two-team parlays, and one with them all. The possible parlay combinations of this Round Robin are listed below.

  • 1 2 3 4
  • 1 2 3
  • 2 3 4
  • 3 4 1
  • 4 1 2
  • 1 2
  • 2 3
  • 1 3
  • 1 4
  • 2 4
  • 3 4

The number of possible combinations only gets bigger with the more legs you add in a Round Robin parlay, giving you a larger chance to win, even if all of the picks don’t. Round Robin gets the name each way because of a popular betting strategy in horse racing where a bettor chooses a horse to win, place, and show, giving them a larger chance at their bet winning.

Round Robin Betting Strategies and Tips

I use Round Robins because they are better than single wagers but are safer than parlays. If a big parlay hits, then it’s a lot of fun, but they don’t win as much as I want, and single bets don’t net me as much profit. Therefore, I choose to bet five teams in a Round Robin than a parlay to fulfill those needs.

One of my most significant issues with parlays is I like to bet on big parlays. However, betting big has its faults because you don’t always win. You lose more than you win. Round Robins are a way to counteract that.

One of the best strategies that I’ve used so far for Round Robin betting is always to use them to bet my longshots. I always do my research, and I tend to find bets that I know are more likely to win. However, I am not perfect and can be unsure with a few.

If I have a longshot bet, I use Round Robins to cover all of my bases. If I am sure of four chances and unsure of the fifth, I use Round Robins and seek out specific parlay combinations. In this context, I would specifically seek out parlays with two and three teams to ensure that the bets I am more confident in have more chances to win.

Another tip for Round Robins is to bet as many legs as possible (that you have researched) in two-team parlay combinations to have the best chance at winning more money than you bet, even if some lose some of the legs. This will always depend on the odds, but you would have + odds in each parlay if you choose spreads, meaning you’d only have to win half to get your money back.

My last tip for Round Robin betting is to create your own by manually creating multiple parlays and mixing and matching the most likely winners so that you can use more than one type of parlay. Doing this allows the user to choose from the different two-team and three-team parlays available without committing to them blindly.

Manually creating your Round Robins takes more time and a little more research, but the payouts are more frequent. While this isn’t a traditional Round Robin that could be found in the bet slip, it does apply the same principles. Correctly reading the betting odds and understanding sports betting symbols is essential to managing the above round robin strategies.

Should you place Round Robin bets?

A lot of new sports gamblers ask how Round Robin betting works. As long as you follow some of the strategies I’ve outlined above (and don’t have a gambling problem, if so, go here), they are something to look at next time you’re about to make a single wager or regular parlay.

Many people start Round Robin betting on turning their “what if” parlays into a payout. They do this by using multiple parlay combinations to create a total positive stake, even if they don’t all win. The larger the Round Robin parlay is, the more it has a chance to net you positive money.

For example, if a bettor knows they have three betting lines that are a good bet but want to throw in a fourth for a parlay and aren’t 100% sure, they should make their wager a Round Robin. This gives a bigger payout and the possibility to go positive if one bet loses!

How to bet Round Robins at US Sportsbooks

Most sportsbooks such as DraftKings and BetMGM (both offer a great welcome sportsbook deposit bonus, click the links) offer Round Robin betting because of how popular it has become among bettors. They make placing these bets as simple as they do parlays, with the option for Round Robins typically on the bet slip at the bottom.

  • To start a Round Robin bet, click on your chances and add them to your bet slip as if they were a parlay. After this, go to the bottom of the bet slip and press on “Round Robin,” where it will open up a window with your possible parlay combinations.
  • Opening this window will show you separate boxes for the number of parlays available, giving you the option to bet two-team parlays, three teams, four teams, etc. The last option would be to take all wagers, which would include every pick as a large parlay and all of the parlay combinations (such as the example above).

Most sports betting sites have Round Robin betting, but if you’re participating in the US, you’ll want to make sure it is legal and fully licensed by the state to protect yourself and your money. To do this, Google to see if the local state gaming regulators certify your sportsbook or see our legal states guide. Our parlay calculator can also help you know what to expect when betting on legal betting sites.

Sports betting legal sites will generally have information on their website to verify that they are licensed and backed by the state. On the other hand, some will not, meaning that they are not legal sports betting websites and should not be used! This could result in your private information being stolen, which leaves your identity at risk! To get started safely, see our dedicated guides to placing round robins on the best US betting sites:

Round Robin betting DraftKings

Round Robin Bets Types and Terms

As I’ve mentioned throughout this Round Robin betting guide, these bets have several different types, which results in several additional terms. The different types of Round Robins depend on the number of legs added to them.

The number of legs allows for different types of parlays, which means that there are nine different types of Round Robins total since, traditionally, sportsbooks have a ten-leg max. As I mentioned before, there are each-way Round Robins, which are every combination available, while the rest are the different number of parlays open for the bet. There is no mixing and matching of the different varieties, so you must bet all parlays of a single type when using Round Robin betting (see under strategies for ways around this).

Some of my favorite terms for some types of Round Robin betting are patent, Canadian, and Lucky 127. A Patent is a Round Robin bet where the player decides to add individual single bets to the end of the parlay combinations. Next, a Canadian is a fancy term for an each-way on five teams (something I do frequently) with 26 different parlays with five teams consisting of ten two-teamers, ten three-teamers, five four-teamers, and one five-teamer. Lastly, a Lucky 127 is a bet consisting of 127 different parlay combinations, an each-way Round Robin bet with the maximum number of legs.