Round Robin bet Parlay calculator for sure wins

Round Robin bet Parlay calculator

How do you win a round-robin bet?

This is the most common question we have found when it comes to the Round Robin betting strategy and I am sure that would be the question that you are looking to get answered today. We cover this subject in our betting 101 courses and we will expand on it in this article as well.

But before we answer it, I would like to take a moment and explain what Round Robin betting is and why it is a very lucrative strategy when used correctly.

What is a Round Robin bet?

Most Sportsbooks will allow multiple team parlays to be included in a single bet, the most common consists of 3-8 lines and 2-6 teams combinations this is what’s commonly referred to as a Round Robin bet it is mostly used to minimize risk.

Advantages of a Round Robin bet

  • Bettors can cover their bases and wager all possible combinations by using a Round Robin.
  • One can bet many parlays at once.
  • Unlike a single parlay, if a single parlay loses, the bet can still be continued and come out a winner in the end.
  • There are multiple combinations available.
  • Parlay odds don’t change when using a round-robin.
  • Minimizes risk

Round Robin Examples

Let’s create a hypothetical parlay between 3 teams and their Money Lines. Each team will be set a standard Moneyline of -110, meaning that every successful $100 you bet will net you a $90 profit.

  • Cleveland Browns -7(-110)
  • Newyork Jets -3.5(-110)
  • Kansas City Chiefs +7(-110)

A 3 team parlay of all 3 teams would offer worse odds than a than individual 2-team parlays, so we can create all possible combinations of 2-team parlays using a round-robin wager.

PARLAY 1

  • Cleveland Browns -7(-110)
  • Newyork Jets -3.5(-110)

PARLAY 2

  • Cleveland Browns -7(-110)
  • Kansas City Chiefs +7(-110)

PARLAY 3

  • Kansas City Chiefs +7(-110)
  • Newyork Jets -3.5(-110)

Parlay odds don’t change when using a round-robin. 2-team parlays with each side listed at -110, the odds will be around +265.

Round Robin bet by 2’s

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.

Bet by 3’s

Some of the most common allowable Round Robin bets are via 3-team parlays so make sure that your favorite bookmaker allows these Round Robin 3 team parlays before placing your wager. They also usually cap the number of teams to 8.

5 team

As shown in the example above, we stuck to two team Parlays but you can go as high as a sportsbook will allow in a Round-Robin which is why sometimes we have 5 teams Round Robin bets. It’s just the same way as shown above but with 5 teams. Remember your ticket will not show a Round Robin bet but a normal parlay.

7 team

A 7 team Round Robin works the same way the example above works with 2 teams but we just would have 5 more teams, depending on what’s allowed by the sportsbook. A few will cap the bet amount for a Round Robin bet with multiple teams so you need to know the rules before wagering.

Combo Table

Since a Round Robin bet is essentially a combo bet, the bookmakers’ advantage rises the more combos one picks and there are many combinations to go with as shown in the table below which is why we recommend sticking to just 2 teams parlay round robin.

Picks (Parlay Legs/Bets)WaysNumber of Bets
8228
8356
8470
8556
8628
7221
7335
7435
7521
767
6215
6320
6415
656
5210
5310
545
426
434
323

Round Robin calculator

Round Robin Bet Calculator

Using a Round Robin calculator makes it easier to keep track of the numbers. you will need the following in order to use the calculator

  1. Notional bet” amount,
  2. The multiplier on the parlay, and
  3. The results of your games.
  4. The notional bet amount, in this case, is simply how much a bettor plans on betting for one of up to eight parlays.

Round Robin parlay

Your Parlay strategy would not 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.

Round Robin Teasers

 If you can find 3-team +180 teasers then it never makes sense to bet 4-team or 5-team teasers you are better off using Round Robin Teasers strategy to bet since it providers a higher return potential with better odds and also mitigates the risk.

Reddit

For those unfamiliar or trying to learn the round robin bet strategy, Reddit is a good place to start, most of the moderators and participants of these strategies post them on Reddit and you can follow their bets to familiarize yourself with the strategy. A good place to start would be here

Round Robin bet Draft Kings

Round Robin bet Draft Kings

How to Place a Bet

Once in the bet slip, you can toggle between Singles, Parlays, and Round Robins. Enter the amount you would like to wager and you will see the potential payout calculated.

Once you confirm your picks and wager amount, select ‘PLACE BET’ to lock in your bet. You will see a receipt for all of the bets you place. You can view all of your receipts and track the outcomes by visiting ‘My Bets.’

The Rules

Different sportsbooks can have different rules however there are some general consistencies when it comes to minimum and maximum teams and combinations:

  • Teams – Minimum of 3, Maximum of 8.
  • Combinations – Minimum 2, Maximum usually around 6.
  • You cannot mix teams in the same game

summary

Round Robin Bets can be lucrative if used correctly, in its simplest form, a round robin strategy is simply a way to mitigate losses. Stick to 2 team parlays to give yourself a better chance at winning and don’t overdo your choices. Remember the greater the number of choices you make, the more advantageous it becomes for the sportsbook. The house always wins.

What is a round robin bet?

Round robin bets use three and ten teams to create as many two-team parlay combinations as possible.

What are the advantages of using a Round Robin Bet

1. Bettors can cover their bases and wager all possible combinations by using a Round Robin.
2. One can bet many parlays at once.
3. Unlike a single parlay, if a single parlay loses, the bet can still be continued and come out a winner in the end.
4. There are multiple combinations available.
5. Parlay odds don’t change when using a round-robin.
6. Minimizes risk

How many bets are in a 5 team round robin?

A 5-team round robin bet consists of 25 bets in total (5 4-team parlays, 10 3-team parlays, and 10 2-team parlays).

How many bets are in a 7 team round robin?

A 7-team round robin bet consists of 118 bets in total ( 6 7-team parlays, 21 5-team parlays, 35 4-team parlays, 35 3-team parlays, and 21 2-team parlays).

What does a 3 team round robin pay?

The three winners make $780, plus the $100 laid for each parlay, for a total of $1080. After subtracting $300 for the 3 losers you will be winning $480.

How Do You Win a Round Robin?

By risking $300 for a potential profit of $780. Win all three, or lose two and win one. If you lose all three, you would obviously be out $300. If you win one and lose two, you would win $60.

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