Round Robins may not have been used at all by many bettors, and there are likely many more who don’t know how they work. The truth is, they are readily available every time you log in to your FanDuel or DraftKings account.
There is something about a parlay bet that really gets the juices flowing. Sportsbooks recognize that punters love combining different bets into one larger wager and give you lots of chances to do so. These are round robin bets, and we will look at how one of the best sportsbooks in the US, FanDuel, goes about doing this.
What is a FanDuel Round Robin?
A sports betting round robin is an exciting bet type which reduces your parlay bet down into smaller combination bets. If you decide to select the round robin option on FanDuel, the different bets will then be split into smaller ones automatically.
The names comes from a round-robin tournament, a popular format which sees every team play one another in their group. In this case of round robin betting, instead of teams going against each other, they are creating parlay bets.
The more legs you have in your parlay means you will have more combinations. However, you must bear in mind that you will also have to lay stakes on each of these split bets, so it will be more expensive for you the more parlay legs you add.
Essentially, a round robin is just another, perhaps more exciting way of providing parlay insurance. There is no guarantee that you will be successful and come out of your round robin bets with a healthy profit, but you will get something back for each combination that wins.
How to Bet a Round Robin on FanDuel
Being one of the biggest operators in the United States, you would expect FanDuel would make it simple to create a round robin bet, and they don’t disappoint. Here are some easy steps to follow for those who want to place a round robin on FanDuel:
- Have a look at the different markets available on FanDuel then create your parlay. Your parlay must include at least three legs, and they will automatically be added to your bet slip as soon as you click the odds.
- Click the ‘Teasers & Round Robins’ tab which can be found under your selections.
- FanDuel will automatically create all of the combinations from the active parlay wager into your round robin bet.
- Choose how much you want to stake. In the stake box, remember that you are choosing how much money you want to bet on every parlay created from the round robin. For example, let’s say you bet $2 on a round robin that creates three parlays, this would be 2×3 wagers so the total stake would equal $6.
- FanDuel will then give you a chance to check everything is ok and list the odds for each bet.
- If everything looks good and you are happy, submit your bets.
Example of a FanDuel Round Robin Bet
One of the benefits of round robin bets is you can customize them to suit your needs. They can work across multiple different sports markets. However, for this example, let’s look at a three-leg NFL moneyline parlay.
The games I am betting on are:
- Texans @ Chiefs – Chiefs to win
- Commanders @ Lions – Lions to win
- Ravens @ Bills – Ravens to win
So, the round robin bets that would be created from this parlay are:
- Parlay 1: Chiefs & Lions
- Parlay 2: Chiefs & Ravens
- Parlay 3: Lions & Ravens
In this example, I would only need two teams to win to have a winning parlay. If the Chiefs and Ravens both win but the Lions lose, parlay 2 would be my winner. This is what I was referring to above when discussing round robins being like parlay insurance, there is that safety net in place.
Advantages of Round Robin Bets
There are plenty of perks to using round robin bets. Some of these include:
- When you place a round robin bet, you are not relying on just one outcome. You have the safety net of one leg letting you down, like parlay insurance.
- Round robins, by their nature, encourage you to bet on the underdog when placing moneyline wagers.
- Round robin bets allow you to spread the risk across numerous different outcomes with large payouts still attainable.
- You increase your chances of winning by spreading your wagers out across several different team combinations.
Most of all, they are really exciting. The thought you could win some big money from multiple combination bets really whets the appetite.
FanDuel Round Robins are a great option
Round robins are just a really fun way of giving yourself an extra safeguard in case one of your legs falls down. They can get a bit complicated and messy if you keep adding and adding more parlays which then adds more combinations, so to start with, I would encourage you to keep them simple.
