Welcome back to class, betting enthusiasts; today’s lesson for your betting guide is round-robin betting explained. At MyTopSportsbooks, we have a tutorial ready to help you develop your round-robin betting strategy and help you understand what round-robin betting is. Round-robin bets can be profitable if you get them right, and we will explain a round-robin bet with examples. Also, we will help you understand two-team parlays, 2×3 wagers, and the 2×6 wager meaning is. You can have different parlays or smaller parlays depending on your betting style. Without further delay, let’s get started.
Your Round-Robin Betting Guide
Betting round-robin style is a great way to hedge your bets. Hedging is described in sports betting parlance as a way to protect against loss. The bettor picks the opponent of their original bet in an attempt to middle the game. That reduces your exposure to the original bet. Hedging is an effective strategy for future bets like the Superbowl. You take the Buffalo Bills to win the Superbowl at +290. They make the Super Bowl against the Philadelphia Eagles. Instead of riding the Bills, you drop some cash on an Eagles bets on the Moneyline, and you have hedged your bet; you win your bet no matter who wins the game.
A round-robin bet is a type of parlay betting because it is a wager of three or more events on your betting slip. The bet is built around doubles, and you can cover your exposure and win a payout even if one game fails. We will tell you how round-robin sports betting works and how you can pick winners at some of the best online sportsbooks.
How do Round-Robin Bets Work?
As we mentioned, a round-robin bet is like a parlay; you can take a minimum of three games and up to ten games and combine them into one ginormous bet where the odds are connected to the outcomes of the selections. Your parlay bets are variable, depending on how many selections you make. A round-robin bet can have three results, but you can create even more complex bets concerning the number of events you bet on.
How can you cash a Round-Robin Wager?
For bets like round-robin wagers, you must pick at least two outcomes from your list of bets correctly. The bets can be on the Moneyline bets or team parlays for a sports bettor. Depending on your online sportsbook, you may be able to pick and choose your betting options and combine them to get the bet of your choice.
What is an example of a Round-Robin Bet?
Let’s take a look at the NHL, a favorite for round-robin options. You take Ottawa and Toronto, Ottawa and Tampa, and Toronto and Tampa. You can lose on one of your bets and still receive a payout. Placing this bet, you select the Moneyline, adding them to the betting slip. After you have chosen three choices and the amount to wager, you can see your possible payout. With this bet, you choose three different outcomes. If you decide to increase your number of bets, you increase the double bets you place.
What are Examples of Round-Robin Parlays?
Take a look at these numbers and how you can combine them:
NY Jets – +200
Buffalo Bills – -240
Toronto Maple Leafs – -180
Montreal Canadiens – +150
Toronto Raptors – +118
New Jersey Nets – – 140
The doubles: Parlay 1 and Parlay2; Parlay 1 and Parlay 3; Parlay 2 and Parlay 3. All you need is two of three bets to come in for a payout. This is an example of a 2×3 bet. Where 2 is the parlay and three is the number of parlays selected. A 2×6 bet means six parlays with two legs. Essentially you are doubling the number of bets from three to six.
A Yankee Round-Robin Bet, What is it?
The Yankee bet is 11 bets on just four selections. Your possible combinations work like this:
2 correct picks: 1 double win
3 correct picks: 3 double wins & 1 treble
4 correct picks: 6 double wins, 4 trebles, & 1 four-fold
How can you win a Round-Robin Bet?
As we discussed, winning a round-robin bet is similar to winning a parlay bet. You hit on all your round-robin bets, and your odds payout will be higher than betting a three-team parlay bet. There is a drawback to round-robin bets in comparison to a parlay. If you bet $100 on the round-robin for three games – it is $100 per line for a $300 total bet. If you bet $100 on a three-game parlay, it is $100. It is a risk-reward betting strategy with a higher payout on the round-robin bet.
How do you get a Round-Robin Down?
A round-robin bet is idiot-proof if you are betting at an online sportsbook. Here is how you line it up: select your bets, click the round-robin button, then select the bet amount. The bet amount pertains to all the round-robin bets you make and will appear on your betting slip with the total payout.
What are Round-Robin Betting Strategies?
Certainly, your online sportsbook can offer up some tantalizing odds events. The best sportsbooks will offer props, futures, teasers, individual bets, single wagers, parlay combinations, and individual parlays. Get one game wrong on your parlay wagers and lose; with a round-robin bet, that isn’t the case — win three of four round-robin bets that cover and get a potential payout. As we mentioned, round-robin bets come with a high bet amount, and you get a bigger payout while reducing your net loss. Also, betting on round-robin bets means you can ‘hedge’ your bets to reduce losses and maintain a profit by picking the other side of your bet against your original selection.