A round robin bet is a great way to hedge your online sports wagers, because it’s a type of parlay wager consisting of 3 or more selections.
The bet contains all doubles within your selections. You can cover all bases and ensure a payout even if one of your selections doesn’t come in.
In this article, we will cover off how this type of wager works, how to win, and the best betting sites for Round Robin bets.
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How Does a Round Robin Bet Work?
This type of wager works like a parlay, where the odds of several outcomes are combined into one wager.
To place a round robin parlay, you choose 3-14 different selections and cover all win doubles. Therefore only two of your selections need to win to guarantee a payout.
Parlay combinations in your bet can vary depending on how many selections you pick.
Typically, a round robin includes three different results but you can form even more complex wagers depending on the number of teams you choose.
How do You Win a Round Robin Bet?
To win a wager like this, you must pick at least two correct outcomes from your overall selections. These selections can contain single moneyline outcomes, or a team parlay.
In fact, at your favorite online sportsbook, you can choose and combine all manner of different wager types.
Example of a Round Robin
This round robin consists of three doubles: Tampa & Buffalo, Tampa & Ottawa, and Buffalo & Ottawa. If one of your choices loses, you still make a profit.
To place this wager, you click on your chosen moneyline bets and add them to your bet slip. Once you’ve picked at least three results and chosen your stakes, you’ll be able to view the potential payout.
The simple version of this bet is choosing three outcomes. However, by picking more selections you can increase the number of double bets you have.
You can also make a bet containing multiple parlay wagers. A parlay is a bet where each leg must come in in order for it to win.
Example of a Round Robin Parlay
Tampa Bay Buccaneers +145
Buffalo Bills +140
Philadelphia Flyers +120
Montreal Canadiens -140
NY Knicks +170
Utah Jazz -275
Here, you make three doubles: Parlay #1 & Parlay #2, Parlay #1 & Parlay #3, and Parlay #2 & Parlay #3.
Only two parlays need to come in for you to win a round robin parlay.
What is a Yankee Round Robin Bet?
A Yankee is a popular type of wager containing 11 bets on just 4 selections:
- 6 doubles
- 4 trebles
- 1 four-fold
Imagine you set your Yankee stake at $1. Your total stake would therefore be $11 and the more correct picks you make, the bigger your payout:
2 correct picks: 1 double wins
3 correct picks: 3 double wins & 1 treble
4 correct picks: 6 double wins, 4 trebles, & 1 four-fold
Is Round Robin a Good Bet?
As a novice sports gambler, a round robin bet is a great jumping off point. You can minimize the risk by covering all bases and come out a winner even if one of your selections loses.
Plus, you can choose from hundreds of betting lines and betting odds when you fill your bet slip. Include an individual parlay, a 2-team parlay, or go for point spreads when you construct your round robin.
We advise you to start things off easy by picking just 3 selections. Once you’re comfortable with the betting odds, start including more selections.
You can also experiment with variations of the Yankee, and the Lucky 15 is an exciting wager consisting of 15 separate wagers from 4 selections. For instance, you can cover the 6 doubles, 4 trebles, 1 four-fold, and 4 single bets.
There are many good sports betting strategies and whether you’re an expert on NFL, NBA, or overseas soccer leagues, you’ll find enough picks to include in your round robin bet.
The beauty of this type of wager is that you can use any sports and all types of wagers. Discover more ways to gamble in our comprehensive betting guides right here.
Betting Sites For Round Robin Bets
All in all, a round robin bet is a great way to cover multiple outcomes and help minimize your risk. Whether you’re including high-risk NBA selections or betting the Dallas Cowboys or Manchester United, you have a huge choice of wagers available.
You can find the top betting sites that accept round robin bets from our list of online sportsbooks. All of these sites are regulated in the US and are 100-percent trustworthy.
Sign up, make your first deposit and earn a welcome bonus. You can even earn free bets to use how you like!