What Is A Round Robin In Hockey Betting And How To Bet One
Every serious bettor already knows that parlays are the highest risk bet you can make. With every team you add to the parlay card, the probability of cashing that parlay ticket decreases exponentially. The worst thing about making a parlay bet is missing a massive payout by going three-for-four. Fortunately for bettors, there is a way to ensure that you can make some money while losing by a single team playing parlays.
What is a Round Robin Bet?
The simplest way to explain a round robin bet is to classify it as a series of parlay wagers. We already know a parlay is a bet involving two or more teams, with the only way to win this bet is for every team to win. A round robin is a way for bettors to make multiple parlay bets on a group of teams at once without having to creative a separate ticket for each of combination.
How Do Hockey Round Robin Bets Work?
The best way I can explain further would be with an example. Let’s say that you absolutely love three hockey teams and are considering betting them in a parlay. These teams will be the Leafs, Avalanche and Capitals. A square or novice bettor would parlay these three teams together in a single bet, meaning if one of these teams were to lose, the whole parlay would lose.
This is where knowing what a round robin bet is helps. A round robin bet would allow you to make three, two-team parlays involving the three teams you love so much. The tickets would look like this – Leafs/Avalanche, Leafs/Capitals, Avalanche/Capitals.If two of the three teams win you would make a small profit and not kick yourself for playing a normal parlay. If all three teams were to win, you would turn a solid profit, but it would be smaller amount than a normal three-team parlay would pay. If only one of your team wins, you would lose all three bets.
To understand how the profit works with a round robin bet, lets bet 50$ per round robin and see how much of a profit we can turn.
Leafs +125/Avalanche +130 – Risk $50 – Payout$208
Leafs +125/Capitals +100 – Risk $50 – Payout $175
Avalanche +130/Capitals +100 – Risk $50 – Payout $180.
With these three bets, the total risk would be $150, with the lowest possible payout being $175. This means you would be up $25 for a nights’ work. The only downfall with playing this option is that if all three teams were to win, a $150 straight parlay would net you $1403, instead of $563.
Round Robin Strategies
The round robin bet can be a big-time life saver but only if you are playing it correctly. Generally speaking, you would want to make sure every combination you bet is one that you have no problem betting on its own. I also advice to find a combination that has plenty of value and a combination you have the utmost confidence in.
The problem with this bet is that it allows bettors to get ahead of themselves and stray from their disciplined approach. Now days, with bets just a click away, bettors who lack the discipline required to be a successful bettor could easily get caught up in making far too many bets at one time. It’s hard enough turning a profit over the long haul making the bets you want to make, especially if those bets are square bets like parlays or teasers that come at a low cost/high risk potential.
If your bankroll is wilting because you are making several bad bets with a low chance of success, the long-term outlook of your bankroll will be bleak. I understand that placing bets on a bunch of different combinations individually can be mind-numbing, but sometimes it can be better than using the round robin method.
Are Round Robin Bets Worth Playing?
As I mentioned above, nothing is more frustrating than losing a massive parlay by one team. What makes that situation so bad is that all the time and research you put into correctly predicting the other teams goes unrewarded. If you find yourself in this situation, I would highly recommend looking into the round robin way of betting. It will ensure you some sort of payout if the majority of your teams win. If parlays aren’t your forte, or you have a small bankroll, I would avoid playing this method because it can eat up your bankroll pretty quickly due to all the possible ticket combinations.
Doc's Sports is offering $60 worth of handicapper picks absolutely free - no obligation, no sales people - you don't even have to enter credit card information. You can use this $60 credit any way you please for any handicapper and any sport on Doc's Sports Advisory Board list of expert sports handicappers. Click here for more details and take advantage of this free $60 picks credit today .
- How Does Sports Betting Work? Doc’s Sports Provides the Answers
- What is a Parlay Bet and How Does It Relate to Sports Betting?
- Teaser Bet: What is it and How Does it Work in Sports Betting?
- How to Bet Horse Racing
- What is Line Shading and How Oddsmakers Use in Sports Betting and Wagering
- What are the Differences Between Moneyline and Runline Betting for MLB Wagering?
- How are Betting Lines for NFL and College Football Games Set?
- What is a Value Bet in Football: Expert NFL and NCAA Wagering Analysis
- What Is the Difference Between a Quinella vs. Exacta Box?
- What Happens to My Bet if My Parlay Has a Canceled Game?