Parley wagers are standard methods of sports betting. However, do you know about round robin bets? If you don’t know about this type of bet, then continue reading this online gambling tutorial. We’ll teach you the basics of round robin wagering and how you can win big and reduce losses.
For those unfamiliar, a round robin bet is a parlay wager in which the bettor chooses from three to ten possible outcomes. Your strategy amounts to building a series of two-team parlays in the hopes that some of them will pay off. In contrast to parlay, a round robin will still pay out even if all your teams fail to cover. However, the payout will be reduced.
To reiterate, while placing a round robin wager, you are placing three distinct wagers on each two-team parlay. For instance, you are a Bills, Dolphins, and Patriots fan. The two-team parlays of the three teams are:
Bills + Dolphins
Bills + Patriots
Dolphins + Patriots
How Do Round Robin Bets Work?
For the point spread of the games above, we have the following:
Buffalo Bills -3.5 (-110)
Miami Dolphins -1.5 (-110)
New England Patriots +5 (-110)
Instead of a three-team parlay, you can have a round robin of three two-team parlays.
Parlay 1
Patriots +5 (-110)
Bills -3.5 (-110)
Parlay 2
Patriots +5 (-110)
Dolphins -1.5 (-110)
Parlay 3
Bills -3.5 (-110)
Dolphins -1.5 (-110)
When employing a round robin, parlay odds remain the same. However, according to real time sports betting experts, the two-team parlay odds are +264 if both teams are given the average online sportsbook odds of -110.
If you’re looking for a larger potential reward and the possibility of limiting your losses, round robin parlays are the way to go. That said, it isn’t always the best option when viewing live sports scores.
Three-team point spread parlay bets may return around $600 for a $100 investment. It will cost you $300 to place a $100 wager on a round robin with three teams, but you may expect over $1,100 in return. Simply put, the pure return on investment of a classic parlay is higher.
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