Round Betting Definition

Parlaying is one of the most popular forms of betting, particularly on the National Football League. A parlay bet allows you to wager on the outcome of two or more games on the same ticket. Of course, the catch is that all the games wagered on must be winners for you to cash in. That means higher odds, and higher risk.

1. Sports Betting Definitions
2. What Is A Round Robin Betting
3. Round Robin Betting Definition
4. Betting Terms And Definitions

Sports Betting Definitions

One way to reduce that risk is through Round Robin wagering. Often overlooked, particularly by novice sports bettors, Round Robin wagering enables you to create multiple parlays on a single ticket. For example, what if you have found four really great NFL bets to lay a few dollars on this Sunday, as outlined below, but don’t know how to structure your wagers.

New York Jets
New England Patriots -10 (-105)

What Is A Round Robin Betting

Round Robin - In sports betting this a series of three or more teams in 2-team parlays. Run down - In sports gambling this is all the lines for an specific date, sport, time, etc.

San Francisco 49ers
Seattle Seahawks -13 (-105)

• 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.
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• Round robin bets are multi-team gambling wagers that are placed on sides or totals. Round robin bets are basically two team parlays on up to 10 teams. The combination of different sports betting parlays that is derived from your round robin bet is simply every possible combination of games.
• One of Round Robin Gambling Definition the most confusing and misunderstood concepts in gambling is the odds. It's important to remember that Online Slots games operate randomly, no matter how many wins or losses have occurred in the past. In other words, the result of your last game has no bearing on the result of your next game.

Tampa Bay Buccaneers +3 (-105)
Jacksonville Jaguars

Denver Broncos
Kansas City Chiefs -3 (-105)

A winning four-team parlay bet on the Patriots, Seahawks, Buccaneers, and Chiefs would pay out handsomely, with a $10 wager winning $130 or more. But that requires all four picks to win, otherwise your bet is a loser, and it is time to start thinking about next Sunday.

With Round Robin wagering, those four picks can be combined into as many as six two-team parlays and four three-team parlays, thereby distributing your risk while still preserving the chances of a solid payout.

Round Robin Betting Definition

In the example above, each of the point spreads have odds of -105 attached to them. That means if you were to bet only on the Patriots to cover as 10-point favorites, you would have to bet $105 to win $100. Those odds improve dramatically when you parlay multiple picks. Parlaying two teams at -105 translates into a payout of approximately 1.8/1, while a three-team winner will pay out at approximately 11/2.

Betting Terms And Definitions

Now, imagine spreading those wagers across all your picks next Sunday.

Laying $5 on a Round Robin bet of six two-team parlays using the above teams could garner you a win of about $87. But even if one or even two of your teams lose, that means you can still cash in on four or five winning parlays, leaving you up on the day, and preserving your stack for next Sunday’s action.

The allure of putting all your picks on one high-paying four-team parlay is great. But the NFL season is long, and it is critical to manage your stack to get you through until the Super Bowl. With Round Robin wagering, sports bettors, both new and experienced, can boost their chances of coming out of the season in the black.