What Is A Round Robin Bet?
A “Round Robin” is an efficient way to place multiple parlays on a group of events, spreading out your risk compared to a single parlay.
Say you believe you can correctly pick the outcome of 3 events, but you would like to spread out your risk so that you win back some money if 1 or 2 of your picks are incorrect.
For example, you have the following list of EPL fixtures:
|Hull vs Newcastle||2.70||3.25||2.87|
|Crystal Palace v Everton||2.80||3.30||2.75|
|Liverpool v West Ham||1.66||4.00||5.75|
|Stoke v QPR||1.65||4.00||6.00|
|Sunderland v Burnley||2.25||3.30||2.62|
You believe that Hull, Crystal Palace, and Liverpool are going to win, but not strongly enough that you want to make a parlay.
A round robin takes your risk and splits it up over more, smaller bets. In this example, if you were to bet a round robin, you would in fact be placing 7 smaller bets.
For simplicities sake, lets say you intended to wager 7 on this round robin. You would in fact be betting:
A 3-market parlay:
1 on a parlay of Hull, Crystal Palace, and Liverpool
3 2-market parlays:
1 on Hull and Crystal Palace
1 on Hull and Liverpool
1 on Crystal Palace and Liverpool
and 3 single market bets (one on each team)
As you can see, if some of your picks are correct and some are wrong, you can still make a profit (depending on the odds of those that win). You will not make as much as if you had risked 7 on the 3-team parlay, but your risk is much lower.
You could place each of the 7 bets individually, but simply choosing a round robin is so much easier! Especially if you are doing 4, 5, 6 market round robins.