Round Robins, Why and When you should think about using them, some basics

      OK, yesterday we talked about Reverses, and how they allowed you to place multiple “If Bets” easily, well another type of bet that allows you to place multiple bets quickly, is the Round Robin. Unlike the Reverse that creates “If Bet” combinations, a Round Robin creates Parlay combinations.

      Most books allow 2 different ways of using the Round Robin, first and probably the most used is the “set size” or “# way”, in which you tell the Sports Book what size of Parlays to create in your Round Robin, for example if we had a $100, 3 team, “2 way”, Round Robin, then it would create 3, 2 team Parlays. So if we bet on Team A, Team B, and Team C, it would turn into 3, 2 team Parlays:

1. Team A and Team B
2. Team A and Team C
3. Team B and Team C

      Remember just like in the Reverse, in a Round Robin we have to multiply our risk money times the number of Parlays it creates. So in our $100, 3 team, “2 way”, Round Robin example, we would be risking $300 to win up to a $1,080, depending on your Sports Books Parlay payout table.

      The other option for using a Round Robin, is call the “most possible” or the “all ways”. The difference is that if you had a $100, 3 team, “All Ways”, Round Robin it would turn into 1, 3 team Parlay and 3, 2 team Parlays, and you would end up risking $400 to win around $1,389, again depending on your Sports Books Parlay payout table.

      As you can see, Round Robins, can make a lot of money, when they win, since each Parlay is graded separately, if you have 1 loser you still win some of your parlays and have a chance to break even or even come out ahead. Round Robins have their uses, but should not be used unless you have thought it through completely, as with any bet you make, be sure that the Risk is Worth the Reward.

      Now if you want a more detailed explanation of betting, and a step by step break downs of the Round Robin and other bets, then you can grab a copy of my e-book “The Wagering Man's Guide to Sports Betting” at our website www.thewageringman.com, and get all the help you need in understanding how your bets work, check it out today