Round robin bets are multi-team bets between three and ten teams. These teams are then used to create as many two team parlay combinations as possible. In a round robin bet, the amount you bet is the amount that is bet on each two team parlay. If you bet $200 on 6 two team parlays, you are betting a total of $1200. If one of your teams in the round robin bet loses, then all parlays associated with that team also lose. In the case of a push with one of your teams, all parlays associated with that team become a straight bet. The risk on this straight bet is the same as the parlay. Each two team parlay has a 13/5 (2.6/1) payout.
Round Robin Bet
| 3 Team Round Robin | |||||||
| Outcome | Teams | Line | Odds | Amount | Max. Risk | Max. Win | Total |
W |
NY Giants |
-3 ½ | -110 | $100 | $300 | $780 | $60 |
L |
Chicago Bulls |
+5 | -110 | ||||
W |
SD Chargers |
-5 ½ | -110 | ||||
Let's analyze the above Round Robin bet by each two team parlay. To figure out how many two team parlays you have simply use this formula:
NT (NT-1)/2 where NT = number of teams
- NY Giants and the Chicago Bulls. You lost this parlay because your Chicago Bulls bet lost.
- NY Giants and SD Chargers. You won this parlay because both your bets were winners.
- Chicago Bulls and SD Chargers. You lost this parlay because the Chicago Bulls bet lost. As stated above, all parlays associated with a losing bet lose.
In sum, you risked $300. The maximum you could have won was $780 if all your two team parlays were winners. However, only 1 out of 3 parlays won. You lost $200 and won $260 leaving you with a total of $60.
NEW 3 Team Combination Round Robins:
Multi-team bets (sides or totals), between 4 and 10 teams.
These teams are then used to create as many three team parlay combinations as possible.
The amount you bet is the amount that is risked on each three team parlay.
If one of your teams in the Round Robin loses, then all parlays associated with that team also lose.
In the case of a push with one of your teams, all parlays associated with that team become a two team parlay bet.
The risk on this 2 team parlay bet is the same as the 3 team parlay we had originally.
Each three team parlay has a 6 to 1 payout (if odds are standard -110).
**A minimum of $10 is required on all parlay combinations when wagering through the internet or call center.
Formula: # of teams = N
N*(N-1)*(N-2)/6