How do parlays work in sports betting

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The downside is that each portion of a round robin pays less than a full parlay. The main benefit is that not every item on the larger list must win for the bettor to receive a return on their investment. Read on for everything bettors need to know about round robins.Īt its core, the round robin bet is multiple smaller parlays constructed from a larger parlay. Today, round robin bets are more accessible to bettors of all skill levels.Įven so, it’s still beneficial to understand how round robins work, why they mitigate risk, and whether they’re good bets. However, US sports betting technology has become sophisticated enough to ease the process significantly. New bettors are often befuddled by round robins due to the sheer number of possible betting combinations. As a result, the bettor can cover multiple outcomes with a round robin to secure payouts even if some individual legs fail. In short, bettors can choose a list of wagers they like and build multiple, smaller parlays from that list rather than wrapping them all into one large parlay. The concept of a round robin in sports betting is similar but not identical to a parlay. The name comes from round robin tournaments in which every team plays every other team at least once.

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Round robin bets offer the payout potential of larger parlays without as much risk.

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