Round Robin Bets

A Round Robin bet is an easy way to wager multiple parlays with a single bet. They make it easy for bettors to place parlays that consist of 3-8 lines and 2-6 teams. Bettors can cover their bases and wager all possible combinations by using a Round Robin and bet many parlays at once. The downside to these wagers is that gamblers bet too many legs or use too many selections in their parlay combinations.

You can find round robin bets at just about every online sportsbook, but they’re not often used by most sports gamblers. Round robins can save bettors time by automatically creating all possible parlay wagers with a several selections. Of course, one could also bet the parlays individually, but that process is a bit more tedious, especially if players have a large number of selections.

Sportsbooks will generally allow somewhere between 3-8 teams on round robins, but many some allow more teams than eight. Bettors can then choose the number of parlays they want for each selection. These generally consistent of 2-6 teams.

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Calculate Your Round Robin Bets

Round Robin Calculator

Use our Round Robin Bet calculator to see what your risk and reward would be. It is fully customizable for the number of teams you want to bet on, the bet amount, and how much you could win.

Notional Bet:
Number of Games:
Parlay Size:
Game 1 Line/Result:
Some of the values you entered seem to be invalid. Please review, and try again.
Max Win:
-
Total Risk:
-
Situational Result:
-
How do I use this calculator?
The calculator determines the maximum win and loss amount for a given round-robin, as well as the results based on whether each underlying game wins, loses, or pushes.

Inputs

  • Bet Amount: Notional dollar amount of round robin bet
  • Number of Games: Number of games included in the round robin bet
  • Parlay Size: Number of games included in the parlays and whether that number constitutes a maximum or an exact figure.
  • Game N Line/Result: You can use Decimal or US Odds. For Decimal odds greater than or equal to 100, preface the odds with either a '0' or a 'd'. For example, decimals odds of 200.0000 would be entered as either 'd200' or '0200'. The result can be set as WIN, PUSH, or LOSS) for the each event.

Outputs

  • Max Win: Maximum possible dollar win on round robin bet
  • Total Risk: Maximum possible dollar loss on round robin bet
  • Situational Result: Profit or loss on round robin bet given actual event results

Best Round Robin Betting Sites

Those that are looking for the best betting sites to place a round robin bet should look no further. We have listed three of the top sportsbooks that offer their members top notch sports lines and odds. Most importantly, they make it easy to place round robin bets.

BovadaBovada – A Betting Site with Soft Odds

Bovada is among few sites that are more synonymous with online sports betting in the United States. Bovada has some of the best betting software online and placing a round robin bet may be easier than any other sportsbook.

Bovada Round Robin Betting Limits

The Bovada sports betting site gives you some great odds, as well as higher-than-average betting limits. Their betting limits for parlays are:

  • NFL: $1,000
  • NBA: $500
  • MLB: $500
  • NHL: $500
  • NCAA Football: $1,000
  • NCAA Basketball: $500

Easily Place Your Bovada Round Robin Bet

Bovada Round Robin Bet Slip

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They regularly have the fastest cashier speeds in our U.S. Offshore Online Sportsbook Payout Report. Their parlays odds are right in line with BetOnline’s, but their markets, in general, are considerably softer. New players receive a 50% Deposit Bonus up to $250 on their first deposit. Sign up and start betting on Bovada’s soft odds and great lines.

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5 dimesGTBets – The Classic Betting Site

GTBets is one of the few betting sites these days that offer a bonus along with a VIP program and other perks. They’re a newer operator relative to the other sportsbooks on our list that provide round robins, but they have received rave reviews from players.

Varying Round Robin Betting Limits

GTBets has lower limits than the other sites on our list, but players can still get $1,000 down on NBA parlays on however many teams they choose. There is no set maximum amount that a parlay or round-robin can win at GTBets. Higher limits are also available if you contact support, in most cases.

gtbets parlay betting limits

Sign-Up Bonuses and More

As far as rewards and bonuses, there is no better site. New players will receive a 100% Sign Up Bonus up to $500 on their first deposit. Reload bonuses are also available. There is a VIP points program, as well. Players will even get a free half-point on their two favorite teams, in both college and professional football and basketball. This is unique promotion we have not seen elsewhere.

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betonline BetOnline.ag – An Elite Sports Betting Site

BetOnline.ag offers round robin wagering through an excellent betting menu and interface. Their parlay odds are right up there with the industry’s best as well. Cashier options at BetOnline also outnumber most other betting sites.

BetOnline Round Robin Betting Limits

BetOnline Parlay OddsBetOnline offers bettors one of the highest parlay payout betting limit in the business. Those that win a parlay bet will get paid up to a maximum of $150,000.

When wagering at BetOnline you will have that payout limit for each individual parlay you make a bet on in the Round Robin.

Top Site for Sports Betting

BetOnline is one our top choices at Safest Betting Sites. They’ve come a long way in recent years and have become an elite option for U.S. bettors. New accounts receive a 50% Welcome Bonus on a player’s first deposit up to $2,500. 25% Lifetime Bonus on EVERY deposit worth up to $1,000 in freeplays and plenty of sports promotions. Take advantage of these great bonuses at BetOnline and sign up, as you get extra cash to place on your Round Robin bets.

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Round Robin Betting Examples

Let’s look at an example using NFL betting lines. Say we wanted to bet a round robin with the three selections below:

  • Pittsburgh Steelers -3(-110)
  • Dallas Cowboys +3.5(-110)
  • Detroit Lions +7(-110)

Instead of parlaying all three teams in a 3-team parlay, which would offer worse odds than individual 2-team parlays, we can create all possible combinations of 2-team parlays using a round robin wager.

Parlay 1

  • Pittsburgh Steelers -3(-110)
  • Dallas Cowboys +3.5(-110)

Parlay 2

  • Pittsburgh Steelers -3(-110)
  • Detroit Lions +7(-110)

Parlay 3

  • Detroit Lions +7(-110)
  • Dallas Cowboys +3.5(-110)

Parlay odds don’t change when using a round robin wagers. 2-team parlays with each side listed at -110, the odds will be +264 or around that number, which is the standard odds for most online sportsbooks.

It’s important to note that round robins won’t show up on bet slips as round robin wagers. Instead, they will show up as individual parlays.

Though round robins are a series of parlays, there is one vital difference between betting a single parlay bet. Not every parlay must win for a round robin bet to be graded as a winner. Each parlay is an independent event in a round robin and all parlay rules apply.

Round Robin Betting Combinations Table

The table below shows the number of bets needed to reach every possible betting combination. This depends on the number of legs and size of parlay desired. Remember, the sportsbook’s edge increases as the number bets in a parlay rise.

Picks (Parlay legs/bets) Ways Number of Bets
8 2 28
8 3 56
8 4 70
8 5 56
8 6 28
7 2 21
7 3 35
7 4 35
7 5 21
7 6 7
6 2 15
6 3 20
6 4 15
6 5 6
5 2 10
5 3 10
5 4 5
4 2 6
4 3 4
3 2 3

Round Robin Betting Tips

Round robins are rarely utilized by bettors, and frankly, they’re not given enough ink. They’re easily the fastest way to bet multiple parlays with a number of key selections. If there are concerns about a line being moved, there is no faster way to bet multiple parlays then using a round robin.

However, let’s not forget that even though we can choose between any numbers of parlays with any number of teams, that’s not the optimal way to utilize these wagers.

Betting Tip #1Stick to 2-Team Parlays

Sticking with 2-team parlays and not betting parlays with a high number teams (where the bookies have a much higher advantage) is the way to go. You can accomplish this by:

Choose your bets for your round robin bet from the sportsbook lines.
Even if you’re betting multiple parlays, stick to two-team parlays to decrease the sportsbook’s advantage.

Betting Tip #2Cover All Straight Wagers You Want to Bet On

Parlay strategy doesn’t change when betting round robins. These wagers are best utilized to cover all bases with straight wagers that bettors feel strongly about and want to parlay together.

Look for profitable or +EV wagers that bet the market to include in your parlays.
Place your round robin bets, but stick to parlays of 2-3 teams per parlay and don’t go any higher.

Remember, stick to 2-team parlays and as always, line shop for the best odds.

History of the Round Robin

The round robin bet is a product of proliferation of online sports betting. There’s no doubt that bettors had parlay combinations written on sheets of paper back in the early days of Las Vegas sportsbooks. They had to do it the hard way!

Today, online sportsbooks know that players want to bet parlays in multiple combinations and they’ve made it easier on them with the round robin wager. However, depending on your sportsbook, round robin bets may not be recorded as such in your bet history.

Since, as we explained above, that round robins are just a series of bets that are put into multiple parlays – they may be recorded as individual parlays. It just depends on your particular sportsbook’s way of recording your wagers. If you check your bet history and see an extensive list of parlays recorded as individual selections, a mistake hasn’t been made.