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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.
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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.
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!
Because of their reduced juice and superior odds, the
best sportsbook to play round robin parlays at would be