A round robin parlay allows bettors to pair a series of different combinations of teams in a single wager (between 3 and 10 teams). It differs from the regular parlay bet in that you can actually lose one or more picks and still be able to win the payout of the wager.
In order to explain round robins more easily, we are going to utilize an example in which we are picking 6 teams (in a RR you can either pick spreads, money lines or totals).
Let’s say that we are betting on a 6-team round robin, we are going to match our picks in as many possible combinations of teams as allowed.
The amount of wagers that you can create out of your three picks depends entirely on you, as you can create 5 different 5-team wagers, or as many 2, 3 or 4 team wagers as possible, this as long as no pick is duplicated in the same bet-combination.
Those wagers with 5-team combinations will pay better, while those of 2 teams will pay less, but are more likely to become winners.
The amount that you are wagering on the round robin is the amount that you are laying on every single wager combination, for example, let’s say that out of your 6 teams you created 3 different wagers for $100 each, this means that you are laying a total of $300 on 3 bets with different payment outcomes, but all included in the same multi-team bet, and attached to dependant results.
If one of the picks in your RR becomes a loss, then all of the wagering combinations including that pick will become losses, while the rest of the bets that does not contain such pick will still be in play. And in the case of a push, then wagers containing such pick will still be good but valuated differently, for example, if you have a 2-team parlay, then it becomes into a straight wager.
As you can see, this betting type allows you to make more cash if you can actually win the full wager, though it is also more riskier, as the amount that you need to lay is usually higher, which is why it is recommended that you start with regular parlays and straight wagers if you are not very familiarized with sports betting, then as soon as you have acquire enough experience with these, you can start with your first round robins and see if they are suitable for you.
Andrew Thomas is a sports and gambling writer with years of experience in both fields. Andrew writes articles which are focused on the betting industry, hoping that they will be of help for those whom are looking to make a living out of the pay per head industry.
Let’s Make a Deal! Join the Best pay per head Service Today.