What is a round robin bet?

[nyguy]

Alright, I’ve seen the term round robin bet pop up a lot lately, especially in NFL and esports betting, but I’m not totally clear on how it works. Is it like a parlay, or does it split bets differently?

If anyone’s got a simple breakdown or an example of how a round robin works, I’d appreciate it! I’m curious if it’s worth trying or just overcomplicating things. Let me know!

 

[Percy]

Think of a round robin bet as a series of smaller parlays created from your chosen selections. For example, if you pick three teams, a round robin creates three two-team parlays. It’s a way to hedge your bets—less risk, but also smaller payouts compared to a full parlay.