Round Robin Bets

Round Robin Bets

A round robin bet is an easy way to wager multiple parlays with a single bet. They make it easy for sports 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.

Best Online Betting Sites For Round Robin Bets

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Round Robin Calculator

How To Use The Round Robin Calculator?

Round robin calculator

Round robins can save bettors time by automatically creating all possible parlay bets with several selections.

Online sports betting sites 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 consist of 2-6 teams.

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.

Calculator Inputs

  • Notional Bet: 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 Betting 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 each event

Calculator 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

Calculate Your Round Robin Bets

Round Robin Betting 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

Round Robin Bets Explained

How Do Round Robin Parlays Work?


Round Robin Bet Example

Here is an example of how a round robin parlay works 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. For example, for 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.

Difference Between Round Robins And Parlays

Though round robins are a series of parlay bets, there is one vital difference between betting a single parlay and a round robin.

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.

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.

Rank Top Betting Sites Deposit Bonus Get Started
1 Deposit Bonus 125% Up To $2,500 Bet Now
2 Deposit Bonus 50% Up To $250 Bet Now
3 Deposit Bonus 100% Up To $1,000 Bet Now

Round Robin Betting Strategy

Round robin betting strategy

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 or adjusted, 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 number of parlays with any number of teams, that’s not the optimal way to utilize these wagers.

Below are two great strategies when betting on a round robin.

Betting Tip #1Stick to 2-Team Parlays

Sticking with 2-team parlays and not betting parlays with a high number of teams 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, go line shopping for the best odds.

Betting Tip #3Use Round Robins To Clear Bonuses

Since round robin bets are parlays, they can also be used for clearing sportsbook bonuses.

Each sports betting site will have specific rollover requirements for clearing bonuses, and parlays are an excellent way to clear them – especially when the bonus is in the form of freeplay, since it does not work the same way as a cash bonus.

Clearing a bonus with round robin bets is essentially the same as clearing a bonus using parlays.

Still, stick to 2 or 3 team parlays to keep the sportsbook’s edge lower when clearing bonuses with round robin bets.

Round Robin Betting Combinations Table

The table shows the number of bets needed to reach every possible betting combination.

This depends on the number of legs and size of parlay desired. The sportsbook’s edge increases as the number of 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
Show More ↓ Show Less ↑

How To Bet a Round Robin Step By Step

  1. Select A Trustworthy Sportsbook

    Pick a trusted sportsbook from the legit betting sites we recommend.

    We already did all the homework for you.

  2. Create An Account

    Search for the “Join Now” button. It’s usually on the website’s top menu.

    Use your factual information when filling in all the blanks.

    If you use false info, you won’t be able to withdraw your winnings because every sportsbook asks for proof of ID.

  3. Make A Deposit

    Go to the banking section and select your preferred method for your sportsbook deposit.

    When adding money on your first deposit, add as much as you can so you can take full advantage of the welcome bonus.

    Choose your deposit amount and select one bonus available in the banking section. Then hit submit.

    Once the money hits your account, you are ready to start betting.

  4. Select Your Bets

    To place a round robin wager, select the bets you want and they will appear on your bet slip.

    Click on “round robin” and then fill in the stake, which will apply to each of the bets that make up a round robin.

    You will then see your total stake and your total potential return.

  5. Place Your Round Robin Bet

    Be sure to double-check the amount of money you want to wager is correct.

    Click SUBMIT on your bet slip to place your round robin bet.

Sportsbook Bonuses For Round Robin Bets

Sportsbook bonuses for round robin bets

There is a fierce competition among sportsbooks as they fight for bettors in the online sports betting market.

For many new sports bettors, the size of the potential sign-up bonus is what convinces them to bet.

While this isn’t an optimal strategy for finding online betting sites it is usually the deciding factor that helps new sports bettors deposit into their first online betting site.

Who could blame them? Everyone likes free money, and if a betting site is offering a large welcome betting bonus and they pay players quickly, bettors should take advantage of these promotions.

Here you will find the best sports betting site bonuses in 2021.

History of the Round Robin

The round robin bet is a product of the 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.

Depending on your sportsbook, round robin bets may not be recorded as such in your bet history.

Since 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.

Round Robin Betting FAQ

Are round robins good bets?

They make it easier to place multiple parlays with little effort. So, yes in that sense, they are good bets since they make placing multiple parlays or legs easier.

Are round robin bets worth it?

If you want to bet multiple parlays with the same selections – it is an easy way to do so. Yes, they are worth it.

How do you win a round robin bet?

You need to include winning bets in your round robin parlays. However, that is easier said than done. Winning a round robin means successfully winning each wager in your parlay.

How do you calculate a round robin bet?

The calculations work the same as parlays. We have included a round-robin calculator above to make the process easier.

Check Out Our Complete Sports Betting Strategy Guide

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