How Does a Round-Robin Bet Work in Football and What Is It Exactly?

Additionally, you will need to keep track of many parlays while placing round-robin bets.

But it is not at all difficult to perfect this gamble. The definition of a round-robin bet, as well as the key details and advice for participants using this sort of bet, will all be covered in this article.

The Explanation of Round-Robin

Different things can be described by a round-robin. Most people will envision a tournament structure when they encounter this term. This is a well-liked method of holding sporting events and other competitive contests. 

Immensely popular American club competitions and playoffs are excluded in regard to this given that this country’s professional leagues (NBA, NFL, MLB, etc.) do not use a round-robin system. There are several outliers, mostly in football, though. The UEFA Champions League, the most important competition in European football, is the most common of these round-robin sporting events, as you already are aware. Not to mention the UEFA European Championship and FIFA World Cup as football highlights that occur every two and four years, respectively.

Round robins function simply. The teams are divided into groups, and each group’s team plays every other group’s team at least once. Depending on their win/loss statistics throughout the round-robin phase, each team will be seeded moving further in the competition.

What Does Round-Robin Bet Mean?

There are two primary meanings of round-robin. One is the recently covered common tournament format. The other meaning is the advanced wagering option, a round-robin bet, which theoretically gives participants a higher advantage when parlaying wagers (multiple wagers tied into the same bet).

The following succinctly sums up a round-robin bet’s description, setup, and purpose: A round-robin bet is a parlay that consists of three or more separate bets and at least one variation of the same game. With round-robin wagers, you still have the potential to win a minimum of one parlay and turn a profit even if one of the matches in your parlays loses. 

Parlay wagering has issues because it is not practical to do so frequently. Even while they are entertaining, parlay bets have several significant disadvantages that may deter even the most seasoned gamblers from engaging in them.

• Greater likelihood of losing all you bet.

• It takes longer to receive the payment.

• The entire parlay might be ruined by one loss or misjudgment.

A player should not ever anticipate frequent parlay bets to become a profitable, long-term betting alternative because of their extremely low probabilities of winning. Here, round-robin betting enters the picture as a kind of hybrid between straight bets and parlays.

Round Robin Betting Technique

We are aware that the purpose of a round-robin wager is to increase the security of parlay bets. So how do they manage to accomplish this? The idea underlying a round-robin is to arrange the bets so that even a loss will not end the round-robin altogether, as it would in a parlay bet. 

While you are viewing an image with an example of a round-robin slip and round-robin calculator (about which we will talk a bit later in the post) from one of the best online bookies in 2023, we must stress that this area of parlay betting is straightforward to grasp and does not necessarily require much effort to apply. The round-robin bet technique is effective in that it enables gamblers to drop one game and still come out ahead. It is accomplished by employing the same betting options in each parlay but in various combinations.

Round Robin Bets: Are They Worth It?

When comparing round-robin and parlays, it is clear that the former will typically involve more parlays (with no fewer than three teams in any) while the latter will almost certainly be significantly smaller. In a round-robin wager, 10 teams is typically the maximum allowed.

However, since each of your round-robin bets will have a direct correlation with the others, the other distinction between round-robin and parlay is the benefit the technique provides to participants. This is so that all of the different parlays will make use of the same betting markets. The results of the wagers will not vary among the round robins.

For instance, if you choose to wager on Inter Milan’s (+2.5) goal spread, this specific wager will feature in no less than two of your round robins. Your round-robin bet will consist of three different parlays if you decide to include three teams. The number of teams you want to incorporate in each parlay will also affect the total.

Round-robin wagers are popular because they provide each player the chance to drop one game and yet come out ahead. The greater the number of games you are able to tolerate losing, the more options you have for including in your round-robins. Round robins might definitely be worthwhile for gamblers who prefer placing parlay wagers because they offer greater security than standard parlays. 

Let us walk through how to put together a typical round-robin wager.

A 3-Team Round Robin Example

Commencing with a 3-team round-robin wager, we will walk via a scenario of round-robin betting.

Let us assume you have selected your three teams for the round-robin. In a match featuring, say, Juventus and Roma, you ought to wager on the over 2.5 goals total, PSG (-1.5 goals), and the moneyline for Real Madrid. We can now place our round-robin wager given that we have chosen our three picks. 

Two of the three round-robins will contain each pick or betting market. You will place a wager on Real Madrid’s moneyline and PSG’s -1.5 goals as one of your round-robin wagers. Another will feature over 2.5 goals for Juventus vs. Roma and Real Madrid’s moneyline. The last round-robin wager will contain the PSG -1.5 goals and the over 2.5 goals for Juventus and Roma. Here, thanks to our three-team round-robin strategy, the round-robin will be profitable even if one of the picks loses or fails to cover or beat the spread because one of the three parlay bets continues to be a winner.

The main objective of any form of bet is to make a profit overall, so even though getting one out of three will not appear like a significant winning for you, if you choose high odds you will still be satisfied.

A 10-dollar wager will be made on each of the three parlay wagers. We can calculate the various payouts and gains using our results and a total bet of $30.

• None/one game wins: $0 - $30 = (-$30)

• PSG’s spread loses: $37.60 - $30 = $7.60

• Real Madrid’s moneyline loses: $52.90 - $30 = $22.90

• Juventus vs. Roma selection loses: $79.70 - $30 = $49.70

• All 3 win: $170.20 - $30 = $140.20

The ideal scenario would obviously be for all three games to win, but the round-robin bet works best when we have enough room for at least one defeat. These figures indicate three possible outcomes whereby a profit can be achieved.

3-Team Round Robins: Odds and Profits

Generating round-robin bets requires choosing odds that are sufficient.

The second crucial stage for effective round-robin betting is the method for calculating what amount of money you are going to make, as well as how much you can spend without losing money. In this situation, your goal will be to win just one of three games while still adding to your financial account.

Let us examine the arithmetic that makes this possible to see how it works out.

For the purposes of this example, we will stake $5 on each wager in our three-team round-robin. Our round-robin wagers will each have odds of 3.65 (+265). Therefore, if one of our parlays succeeds, we anticipate making money at odds of 18.24 (+1724).

• 8.24 x $5 = 91.2

Since the return from winning one round-robin parlay is significantly higher than $15, which is the total amount we will risk on all three, we immediately understand that these round robins will prove to be advantageous for us (and for you if you play this way). 

The positive aspect is that the equation is effective and that your stake amount is irrelevant. With a $30 initial wager, a $10 bet on each parlay results in a final profit of $182.40 if no games are lost.

Of course, in the very initial example in the table, you would get $54.72 if you were to triumph in all three games. If you lose one game, you will make $15.24; if you lose two or more, your entire bet will be lost.

• 18.24 x $3 = 54.72

A round-robin gamble will still involve some risk, but it will be far lower than a parlay.

Do Round Robin Bet Generators Represent a Valid Alternative: What About Round Robin Calculators?

When examining round-robin bets online, you could run across round-robin generators. Sadly, these are utilized to create actual round-robin tournament setups rather than for betting.

However, you can still use online resources to assist you in placing round-robin wagers. The round-robin calculator is one of the most useful tools available. These can be accessible online on numerous sources and will aid you when placing a round-robin wager. 

Round-robin generators serve two purposes in particular:

• Keeping the order of your selections.

• Figuring out your round-robin’s overall payout.

The fact that round-robin calculators are available on online sportsbooks is their biggest feature. There will probably be a section in the bet slip that serves the same purposes as a web-based calculator if an online sportsbook offers round-robin bets on the website. 

The importance of round-robin calculators in sportsbooks cannot be overstated because they provide the most practical means of calculating round-robin wagers. This utility goes by a few different names, which could cause some confusion. However, since round-robin calculators and round-robin parlay calculators are the same thing, this does not need to be the case. Both of them will be accessible at several internet sportsbooks and will carry out the same tasks.  

The Round Robin Bets Caps

Similar to parlay betting, there is a maximum number of teams over which it becomes less advantageous to place these bets as opposed to placing straight wagers. Round robins are likely to be profitable in the long run when there are only two or three teams involved.

The issue is that you will quickly start having to place a lot more bets due to the enormous number of selections available as you increase the overall number of teams and the number of teams for every parlay. The earlier formula will not work with these new parameters. The new one, which is not on your side, will be required; we will use it. 

Eight teams overall divided into four-team parlays results in a mind-boggling 70 possible combinations. You will need to immediately pay $700 for the sake of this one bet, even if you are only spending $10 for every one of the round-robin bets.

The odds for each round-robin wager would be 13.31 (+1231), or earnings of $133.10 per wager, given that we are betting the common football spreads. Our issue is that we have already lost a sizable portion of our round-robin wagers if one team loses right now. 

We can also account for a few more teams losing because we do not expect all seven of the remaining games to win (otherwise, we would just form a parlay). Only 52.4% of outcomes have odds of 110. Your entire wager will be lost if you drop one at five. If the outcome was 4-4, the player would only receive a portion of their initial bet back.  

Round-Robin Bet Summary

The biggest benefit of placing a round-robin wager is the possibility of winning money regardless of whether one of the teams you chose does or does not perform well. In other words, you are essentially offering yourself a risk-free gamble while also raising your payoff. 

Due to its rising popularity, some sportsbooks are going so far as providing players with software that automatically puts together round-robin bets. If you are aware of the key details, they are a wise strategic bet.

You will eventually lose money if you place a wager with excessive teams and round-robin parlays. Instead, concentrate on the important details.

• Add the leagues and sports you are familiar with.

• Verify if the individual market odds are sufficient to cover your stake.

• Specify a maximum number of markets for your round-robin.

Long-term punters will make money by finding an acceptable compromise between the odds and the likelihood of an occurrence. You will automatically have a deeper understanding of how they function and the specific details about them that make them effective for you once you start putting them into practice.

If you are a total newbie, we advise starting with straight bets and perhaps trying out a few round-robin parlays for experience and enjoyment. By doing this, you will gain a deeper comprehension of both kinds of bets and be better equipped to progress to more complicated betting in general.