If you have any previous experience with sports betting, you are probably familiar with advantages of parlays. They allow you to gather several lines, join their coefficients, and earn a large profit. However, traditional parlays have a significant disadvantage – if only 1 bet loses, you’ll waste all the wagered money, no matter what the other outcomes will be. Round robin sports betting allows punters to overcome this problem by creating multiple smaller parlays. While this strategy is often seen as a safe alternative to usual betting, there is still a certain degree of risk involved. In addition, making a round robin bet requires specific conditions to be fulfilled. So, if this method is so complicated, why are players still choosing it? Let’s find out!
What Is a Round Robin Bet?
As you already know, round robin in betting refers to a specific type of parlays. However, the name of this strategy originated from sports tournaments. A round robin is a situation when all teams in a whole tournament or an array of contestants within a smaller group play against each other. If you are a soccer fan, you probably know that UEFA Champions League uses this system during the group stage.
When referring to a method in sports betting, a round robin is a type of bets that involves splitting a player’s funds between several 2-team parlays. You’ll need 3 or more parlays and 3 or more lines, with each ticket including 2 outcomes. But why spread your wager between 3 independent parlays when you can just create one bet and enjoy a larger payout? Indeed, you can make 1 parlay that would include all the needed outcomes and receive a significant sum if it wins. But what if it loses? Parlays are quite tricky – if only 1 bet doesn’t play, the whole system will be ruined. Round robin keeps bettors safe from significant losses.
How Does Round Robin Betting Work for Sports Betting?
Round robins are a great way to avoid significant risks while keeping profits relatively high. Let’s check out the simplest robin you can make through a betting app – a 3-line one. If all wagers in a robin are successful, you’ll end up with a decent payout (depending on the coefficients, of course). Even if 2 parlays fail, you still will be recording a profit. It’ll be a relatively small sum, but it’s still a profit – in the long term, you are making money, not losing it. In case 2 of the 3 teams you initially chose fail, all the parlays will be lost along with your wagers. However, the risk of losing a round robin is still much lower than a traditional parlay. This strategy is perfectly suited for beginner players or those who prefer safer wagers. Experienced bettors use more complex round robins with multiple teams involved to generate higher profits.
Pros and Cons of Round Robin Strategy for Sports Betting
- Safety. Round robins help preserve your money even if some of the wagers go wrong. This strategy is one of the safest in sports betting. However, always keep in mind that there’s no way to guarantee a 100% win ratio.
- Simplicity. Despite their seeming complexity, round robins aren’t that hard to understand. Once you have the strategy explained, learning how to use it would take only a few attempts.
- Affordability. You don’t need to bet ridiculously high sums to benefit from this method. In fact, the lowest supported bet on Parimatch Tanzania (300 TZS) can bring you a decent profit if all 3 parlays win.
- Low profit margin. Round robin betting is a very safe strategy, so you need to sacrifice high profits to apply it. If a usual parlay with 3 outcomes wins, you’ll receive much more money than from 3 separate winning tickets. Players who prefer risky yet profitable methods won’t favor round robins.
- Inflexibility. Remember that you need a specific set of conditions to wager a round robin. Not every event will fulfill these conditions, so you’ll have to search for the lines that do.
Round Robin Bet Example
The concept of round robin is impossible to explain without examples, so let’s see how it should look. There are 3 games you favor:
- Team A vs. Competitor
- Team B vs. Competitor 2
- Team C vs. Competitor 3
Let’s assume that you want to back A, B, and C, placing $10 bets on each contestant. In real life, the coefficients will differ, but for this experiment, any odds will go; for instance, let the odds be 2.6. If you were to create a typical parlay, you’d need all 3 teams to win their respective games. With a round robin, however, the whole system will look like this:
As evident from the table, maximum winnings can reach $78, while 2 successful events will bring you $26.
Alternative Round Robin
While the simplest and most basic round robin involves 3 teams, you are not limited in picking the number of contestants to support. A 4 team round robin bet can be observed quite frequently, as it can bring you significantly higher profits than a 3-team wager. Any betting application in Africa allows punters to wager on as many teams as they consider needed. History knows even 10-team round robins that paid out successfully, so don’t hesitate to use this strategy to the maximum of its capabilities.
Round robin is a popular strategy among online betting fans. It allows punters to construct safe, reliable strategies and turn betting into a sustainable source of income. Even though the round robin strategy may not offer the highest odds around, it is still a decent choice for any punter. Make sure to conduct your own research before making each wager, as successful betting involves lots of strategic thinking. Try out the round robin strategy on the official Parimatch Tanzania website or in the company’s mobile applications for IOS and Android for the best experience!