Round Robin Betting
Round robin betting combines a series of single bets and parlays.
You must have at least three selections to form a round robin bet.
You will need to put an equal stake in each bet.
If you pick the 3 doubles and 1 treble, you will need to pay x4 your base stake.
Picking 3 singles, 3 doubles, and 1 treble will require you to place x7 your base stake.
3 Selections
Now, we can put the theory into practice.
In the event that 2 teams lose, you will not win anything.
The winnings become closer to what you would get otherwise when one of the selections fails.
4 Selections
Three selections is the bare minimum required to form a round robin bet.
Picking out 4 selections greatly increases the number of possibilities, but you will need to stake considerably more.
1 bet that loses will cut into your wins but not hit you too hard.
The truth is that the bets work best with long odds.
To put it to the test, here are two examples.
One is of a 4-selection bet using point spreads and the other uses bets with longer odds.
Point spreads will offer around 1.9 so we can expect all 4 bets to have those odds.
However, if you lose 1 selection you are already looking at practically the same odds.
If 2 or more selections fail then it is already far worse.
Suddenly, the difference between the maximum winnings is far larger.
Thus, round robin betting is far more useful when picking out longer odds.
Full Cover Bets
Another term for round robin bets is full cover bets.
These are mostly associated with horse and greyhound racing.
In truth, those sports usually have the longest odds even for favourites.
Names are given to the different types of betting combinations you might use for racing bets.
Three Selections
The two types of three selection bets are Trixie and Patent bets.
Trixie has 4 bets: x3 doubles bets and x1 triple bets.
Patent has bets, which are: x3 singles, x3 doubles, and x1 treble bets.
Yankee has 11 bets which are: x6 doubles, x4 trebles, and x1 four-fold bets.
Conclusion
The more bets you pick, the larger your potential winnings will be.
However, you should also keep an eye on how large the stake can swell up.
You should also always keep in mind that these selections work best with long odds.
This is what makes the bets so popular.
Think about it, what are the chances that you lose every single one of your bets?
