Sports Betting

How Does a Round Robin Bet Work and Its 3 Types

As you are here, it means you are wondering about how does a round robin bet work. It is a bet type that will allow you to combine multiple parlays into a single bet. It is unusual nor an easy market to understand honestly, however, it allows you to spread the risk of being able to lose legs of a classic parlay and still generate a return. 

In this article, we will look at how round betting works and explain other important things for you. So, keep reading to gain your knowledge about betting. 

Round Robin Meaning

Understanding What is Round Robin Betting

Before we explain how does a round robin bet work, you should know that it is a betting type strategy that involves placing multiple parlay bets on a group of teams or individuals. This combines various combinations of bets within a single bet. The main objective of round robin is to increase the winning chances on online sports betting in Malaysia while spreading the risk across different results.

This actually will be helpful when you are not sure which teams or events to bet on or when you are dealing with a big number of options. By using a round robin bet, you are allowed to cover all possible combinations without having to place individual bets on each one, which can be time-consuming and expensive.

How Does a Round Robin Bet Work Actually

Now, let’s learn figure out how does a round robin bet work. This type of betting essentially is a parlay, however, instead of 3 to 15 individual games or results, you will have a parlay with 3 or more parlays within it – like parlays within a parlay. 

These round robin bets will include any betting option: moneyline, point spreads, over under, and so on. You need to make 3 separate parlays with at least 3 lines. These mini parlays will all be made from a number of games you pick, between 3 and 15. Once you pick your games, you will be prompted to select how many ways you want your combinations based on how many games you have chosen. 

On how does a round robin bet work, the difference with round robin and regular parlays is that you are allowed to still make a winning even if one leg of your bet doesn’t win. Your payout necessarily will be lowered if all legs of your bet don’t cash. 

In addition, you will have different combinations of whichever number of lines you select, such when you pick 4 games and decide to do 3-ways, you will have 4, 3-game parlays with different combinations of those first 4 lines. 

Another example of how does a round robin bet work could be when you choose 10 events, and pick that you would like to do a 5-way round robin bet. Our bookie will make 5 parlays based on the possible combinations available in those 10 games. It also means you only need to get 5 of the 10 combinations right to still win some money.

Types of Round Robin Bets You Should Know

It is easier to work through the process of the bet to help you get a better understanding on how does a round robin bet work. Here are some types of robin betting you should know.

1. Two-Team Round Robin

A two-team round robin bet is a type of sports betting, where you can choose two teams and make multiple two-team parlays from them. To make this betting type, you first need to pick two teams you want to bet on. 

Then, choose the number of parlays you want to make. For instance, when you pick teams A and B and make 3 parlays, your bet will involve 3 two-team parlays: AB, BA, and AA/BB.

2. Three-Team Round Robin

Another way to understand more how does a round robin bet work, a three-team round robin is a betting type that will allow you to bet on 3 teams in multiple parlays. Instead of making a single bet on a three-team parlay, a round robin bet will allow you to make multiple two-team parlays from the 3 teams you have picked. 

To make this type of bet, you first need to pick 3 teams you want to bet on. After that, choose the number of parlays you want to make. The more parlays you make in three-team round robin, the higher the potential payout, however, also the higher the risk involved. 

For instance, when you pick teams A, B, C, and make 4 parlays, your bet will involve 4 three-team parlays: ABC, ACB, BAC, and BCA.

3. Four-Team Round Robin

A four-team round robin on how does a round robin bet work is a popular type of sports betting, where a bettor can pick a 4 teams and make multiple two-team parlays from them. It will allow you to cover more results and increase your winning chances. 

To make a four-team round robin, you first need to pick 4 teams you want to bet on. Then, decide how many parlays you want to make. The more parlays you make on how does a round robin bet work, the higher the potential payout, however, also the higher risk involved. 

For instance, when you choose teams A, B, C, and D, you can make 6 two-team parlays: AB, AC, AD, BC, BD, and CD. It means that you will have more winning chances, even when one of your picks doesn’t come through.

How to Make a Round Robin Bet

After understanding how does a round robin bet work, you must also wonder how to make this type of bet. To give you a clear understanding, let’s see how to make this betting type. 

  • Pick the number of teams you want to bet on. Round robin bets will generally require at least 3 teams, however, can include more
  • Choose the teams you want to bet on. You can consider the team’s past performance, the odds, and any relevant information that can impact the result of the game
  • Decide on the number of parlays you want to make. It will depend on the number of teams you have chosen and how many results you want to cover. Tips: Use a round robin calculator for this
  • Make your parlays. On how does a round robin bet work, it involves making multiple two-team parlays from your picked teams. For instance, when you have picked teams A, B, C, you can make 3 two-team parlaysL AB, AC, and BC
  • Decide the amount of your bet. Round robin bets sometimes can be expensive, so make sure to budget accordingly. You will need to multiply the amount you want to bet based on the number of parlays you are making
  • Place your bet. On how does a round robin bet work, once you have made your parlays and decided the amount of your bet, you can place your bet through a sportsbook or on the best online casino Malaysia
  • Keep track of your bets. Round robin bets also can be complex. So, it is important for you to keep track of all your parlays and their results. This will help you decide your overall winnings or losses

Final Words

Now, you already know that how does a round robin bet work is based on the multiple parlays you will create. This type of betting can be complex, so it is recommended to use a round robin calculator when you want to decide the number of parlays to make. However, it can be fun while you understand all concepts of round robin bet. 

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