What is round robin bet?

A round robin bet is a type of parlay bet that breaks down a larger parlay into a series of smaller parlays. Instead of needing all selections to be correct, a round robin allows you to win even if some of your selections are incorrect. This makes it a less risky, albeit potentially less rewarding, alternative to a traditional parlay.

Here are some important aspects:

• Selections: You need to select at least three different betting options, also known as legs. These can be on different games or events.

• Groups/Parlays: The round robin then creates smaller parlays based on these selections. The number of teams in each parlay is determined by your choice (e.g., a "two-team round robin" creates all possible two-team parlays from your selections).

• Wager Size: When placing a round robin, you're betting on each individual parlay. Thus, your total wager is multiplied by the number of parlays generated. This wager can be important.

• Payouts: Because each parlay is bet on separately, you win money for each parlay that is successful. The more parlays that win, the higher your overall payout.

• Advantages: The key advantage is that you don't need to win all of your selections to receive a payout. It reduces the risk compared to a standard parlay.

• Disadvantages: The potential payout is less than a traditional parlay since not all of your selections need to be correct to win something. The disadvantages can be important in some situations.

Example: If you pick Teams A, B, and C, and choose a 2-team round robin, you'll have three parlays:

• A + B
• A + C
• B + C