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ROUND ROBIN PARLAYS EXPLAINED
A Round Robin is simply a nickname for parlay
wagering on a group of selections (at least three or more) that are to be
included in a combination of individual parlays.
For instance, if a player asked for a $100, three-team Round
Robin with teams A, B, and C, he/she is simply requesting a two-team parlay with
teams A and B, another parlay with teams A and C, and another with teams B and
C, for a total of 3 individual parlays, each for
$100. The total amount risked would be $300.
Round Robins get more complex as the number of teams
increases. A four-team Round Robin "by
twos" for $100 would mean that the bettor wants four teams to be included
in a combination of two-team parlays. This would be
a total of six individual two-team parlays, for a
total risk of $600. If the request is for a Round
Robin "by threes", it would include a total of four possible
combinations, for a risk of $400.
Example
A player requests a $100 four team Round Robin
"by twos", with teams A, B, C and D. The possible combinations would
be as follows:
Teams AB $100 to win $260
Teams AC $100 to win $260
Teams AD $100 to win $260
Teams BC $100 to win $260
Teams BD $100 to win $260
Teams CD $100 to win $260
If all four teams win, the player wins $1240, while risking only $600! If one
game loses, there is still a profit, even though three of the parlays
would lose. The three winners get back $780, plus the $100 laid for each parlay,
for a total of $1080. After subtracting $300 for the 3 losers, the player
profits $480!
Just like in standard parlays, selections from every
league and sport can be included!
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