Video Summary

In the world of sports betting, a Round Robin is a type of bet that can be confusing to many. Essentially, it's a combination of parlays that can be used to cover multiple selections and increase the chances of winning. However, using a Round Robin is not always the smartest strategy.

One common situation where a Round Robin can be considered a good idea is when you like a lot of underdogs to win outright. For example, on a Sunday morning, you might select four underdogs and think they all could win straight up. Placing a Round Robin with these picks can provide a safer way to parlay them, as it covers multiple outcomes.

Another situation where a Round Robin can be effective is when you have multiple plays that you like with plus 125-130 odds or greater. For instance, in an NBA slate, you might select six picks and tease each one to make the odds more attractive. Placing a Round Robin with these adjusted lines can provide a 50% chance of winning or getting your money back.

To illustrate, let's say you place a 2-pick Round Robin with six selections. The payout would be the combined outcome of the two winning picks. However, you need to be careful when using Round Robins, as they can quickly eat away at your bankroll. It's essential to use them strategically and in situations where the potential return outweighs the risk.