Home » What is a Round Robin Bet? A Beginner’s Guide

What is a Round Robin Bet? A Beginner’s Guide

Round robin betting is a type of advanced wager that allows you to combine multiple parlays into one bet, allowing you to reduce risk and losses. But, to understand what is a round robin bet you’ll first need to understand the concept of a parlay.

A parlay is a type of bet that allows you to bet on more than one outcome at the same time. For example, you can bet that the Lakers will win their next game, Lebron James will score at least 22.5 points, and the Lakers will win by a spread of at least 8.5 points.

You can make these bets individually, which is the traditional approach. Or, you can group these three individual bets into a single parlay. If all three of your parlays hit, you’re in store for a huge jackpot. But, if a single parlay fails you lose everything. It’s a high-risk, high-reward play.

Now that you understand what a parlay is in sports betting, let’s jump into round robin betting to understand why it may be a better option.

Understanding Round Robin Betting

What is a round robin bet? In essence, it’s a series of parlays that derive from many different bet combinations. This is a way to break a larger number of bet selections into smaller wagers because it allows you to combine multiple parlays into one bet. This helps you to access the huge potential winnings of a parlay while also reducing your risk.

Here’s an example. A player wants to parlay the moneyline for three different teams (in this example, we’ll use the Raiders, Patriots, and Cowboys). This means that they’re placing a wager that each of these teams will win their next game. If a single team loses their next game, the player loses and wins nothing.

A round robin allows you to break this parlay into multiple smaller bets. Instead of betting that the Raiders, Patriots, and Cowboys will win, you place the following three wagers:

1. Raiders & Patriots will win
2. Raiders & Cowboys will win
3. Patriots & Cowboys will win

In this example, even if the Patriots lose a game, you’ve still won one of your parlays (Raiders & Cowboys). While you may or may not make a profit on this round robin bet, at the end of the day you will minimize your losses. That’s why players choose to make round robin bets. It allows them to minimize losses and, in some cases, still make a profit even if a single parlay fails.

Crucially, you don’t need to keep your round robin bets to three parlays. Many savvy players will place a round robin with 5 or more parlays to diversify their investment.

Strategies for Round Robin Betting

There are several strategies you can use to increase your odds of success in round robin bets. The first, and most important, is to research your teams and players.

Choosing the Right Teams for Round Robin

Research is the cornerstone of a successful betting strategy. You want to look at a team’s season record, past scores against this specific opponent, and the performance of their most important players before choosing a play.

If you’re placing alternative bets, like prop lines and futures, you’ll need to dive even deeper. Take a look at individual player stats, recent winning streaks, player injuries, and team rivalries before making a prediction.

Managing Your Bankroll

Once you’ve completed your research, the first major strategy in round robin betting is to target underdogs when betting on the moneyline. By betting on the underdog, you take advantage of their higher payouts while also minimizing your losses if one or more fail to win.

If you place a round robin bet on 5 underdogs to win this coming Sunday, you’ll score a big payout if the majority prevails. Even if you don’t hit the jackpot and choose all winners, you can still make a modest profit if just 2 of your parlays are successful.

You’ll increase your success rate even more if you fill in your round robin picks with one or two favorites as your last leg. This is a great way to hedge your bet and boost the odds that you’ll make a small profit.

Try out the following strategy for your first round robin: choose 4 underdogs with a high payout for your parlay and then one favorite to round it out. This gives you a strong position and increases the chances that you’ll win a small payout.

Timing Your Bets

Correctly timing your bet is crucial for round robin betting. You can boost your payouts and success rate by doing your research and only placing bets once you can make an informed decision. This means looking out for star player injuries, following player trades, monitoring the weather for outdoor games, and keeping an eye out for winning streaks.

You’ll also want to place your bet early, if you can, to maximize your odds. Most sports betting platforms give you better odds the earlier you place your bet. Waiting until it’s the game is about to start will result in lower odds and a reduced payout.

However, there’s a trade-off. You’re more likely to hear about critical news, like a player injury or illness, if you wait until the game is about to begin.

Finally, most round robin platforms allow you to change your bets up until the game starts. Make sure to log in to your sports betting platform and check the web for breaking news in the minutes leading up to the game. You may learn about an unexpected turn of events that will require you to change your bet.

Place Your First Round Robin Bet with CryptoRush

Getting started with round robin betting is simple with CryptoRush—and you can make your first round robin bet in less than ten minutes from signup to wager. To start exploring the world of round robin betting, enter your email address at CryptoRush and link your crypto wallet to your account.

Next, transfer funds to your CryptoRush account. Make sure to check out our Bonuses Offerings page to learn about welcome bonuses, special payouts, and matching deposits to maximize your betting funds. Now, you’re ready to place your first wager.

To place a round robin bet, select your preferred sport from our Sports Betting dropdown menu on the top right-hand side of the website. You’ll see the option to create a parlay or round robin bet on this page.

Click the icon and start placing your individual parlays. You’ll have the option to modify your round robin at any time before the games begin.

Round Robin Betting: The Savvy Player’s Approach to Sports Betting

Round robin betting is an exciting way to gain access to the huge payouts associated with parlays, without placing all of your eggs in a single basket. Players who use round robin gain access to complex betting strategies and the potential to win big.

But, they don’t run the risk of losing everything if a single parlay fails. That is an amazing compromise and the best starter option for those interested in exploring the world of parlays.

Join CryptoRush to create your account and place your first crypto round robin bet in a matter of minutes.

Marcus Taylor.

Author

Marcus Taylor helps startups and emerging technology companies create innovative, results-driven go-to-market and content marketing strategies. Throughout his career, he has completed large-scale marketing projects and produced ghostwritten content for Google, Boston Consulting Group, Nutanix, Teradata, the Arms Control Association, McGraw Hill Publishers, Masthead Media, BairesDev, and many more. This includes bringing cutting-edge cybersecurity, cloud computing, artificial intelligence (AI), Software as a Service (SaaS), and quantum computing products to market.