Round Robin Calculator
The Round Robin Calculator helps you determine the best possible outcomes for your round robin bet by calculating maximum wins and losses. By using this tool, you can strategize and optimize your bets for the highest return. Learn more about round robin bets and how to make the most of them.
The calculator uses inputs such as the dollar amount of the bet, the number of games, the size of the round robin parlay, and the game odds/result to calculate and display the maximum win/loss and situational result.
Inputs
Bet Amount: The hypothetical amount of money wagered in a round robin betGames Included: The total number of games that are part of the round robin betParlay Size: The number of games included in each parlay, indicating if it is a maximum or exact numberEvent Line/Result: The line and outcome (WIN, PUSH, LOSS) for each individual game in the bet
Outputs
Maximum Win: The highest dollar amount that can be won on a round robin betTotal Risk: The maximum dollar amount that can be lost on a round robin betSituational Outcome: The profit or loss on a round robin bet based on the actual results of the event
More Information
A round robin bet involves combining parlays on 3 or more teams all at once. The bet is determined by selecting the teams included in the round robin and the size of the parlays used. For example, a 5-team round robin bet 3-ways would consist of all possible 3-team parlays from the 5 teams. Some books allow you to choose a maximum parlay size, resulting in a round robin with parlays of at most a certain number of teams. For instance, a 5-team round robin bet at most 4-ways would include 25 total bets. This calculator helps determine the maximum potential win and loss for a given round-robin, based on the outcomes of each game. The calculator accepts US or decimal odds, with decimals greater or equal to 100 requiring a ‘0’ or ‘d’ before the odds (e.g. ‘d200’ for decimal odds of 200.0000).
Round Robin Calculator
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Round Robin Calculator
The round robin bet calculator provides you with the highest potential winnings, potential outcomes, and total risk for a round robin bet. Continue reading to discover more about round robin bets, how to utilize the calculator, and the benefits of using this betting strategy.
What is a Round Robin Bet?
With a round robin bet, you can choose multiple bets, combine them, and then create different parlays within that combination. A round robin bet requires at least three selections. You can then decide how many parlays you want to create. For instance, if you select four bets, you could create 11 parlays (six two-team parlays, four three-team parlays, and one four-team parlay). This would result in a total of 11 separate bets, meaning a $10 bet would have a total risk of $110. When creating a round robin bet, you have the option to choose point spreads, totals, and moneyline selections. Give it a try with NBA championship odds and Stanley Cup odds for the upcoming games!
Round Robin Example
Imagine you predict five outcomes for a specific weekend.
The Minnesota Vikings are favored to beat the Green Bay Packers with a spread of -110.
• The Buffalo Bills are favored to beat the New York Jets with a spread of -110.
The Baltimore Ravens are favored to beat the Cleveland Browns with odds of -110.
The Dallas Cowboys are favored to beat the LA Rams and cover the spread at -110 odds.
The New York Giants are favored to beat the spread against the Pittsburgh Steelers at -110 odds.
You have the option to either place a five-team parlay on your picks, risking losing everything if one team fails, or you could choose to place a $10 round robin with a maximum parlay size of 5x. This would result in a total stake of $260, with 10 two-team parlays, 10-team parlay bets, 5 four-team parlay bets, and a five-team parlay. If one team fails to cover, most of your 26 bets would still pay off and you would make a profit. Even if two teams let you down, you would still recoup most of your stake at odds of -110 on each selection.
If you prefer, you can choose not to include five-team or four-team parlay bets in your round robin bet. Instead, you could limit your parlays to a maximum of three teams, resulting in 20 total bets and a $200 risk for a $10 stake. Alternatively, you may decide to only include three-team parlays in your selection of five bets. In this case, you would adjust the parlay size to 3x, resulting in 10 total bets and a $100 risk for a $10 stake.
How to Use a Round Robin Calculator
Use our calculator to easily determine the total bet amount, total return, and potential outcomes of any round robin bets you are contemplating by following these steps:
Please input the amount you want to bet on each parlay in your round robin bet in the “Notional Bet” box.
Select the quantity of games you wish to include in the round robin wager.
In the “Parlay Size” section, select “Exactly” for a specific number of parlays or “At Most” for the maximum number of parlays, and then specify the number of parlays.
4. Include the odds for each selection. If you input decimal odds, the round robin calculator will convert them to US odds. You can select win, lose, or push for each selection to determine your potential winnings or losses in various outcomes.
5. Click on “Calculate”.
The round robin calculator will provide you with the following information:
The total profit you could potentially win if all of your selections are correct is the maximum amount.
2. The “Total Risk” is calculated by combining your initial bet amount with the number of parlays chosen in your round robin, determining the total size of your wager.
3. The “Situational Result” is the anticipated total return based on the outcomes you have chosen.
To continue with the previous example, where you select five teams to cover the spread at -110 odds and want to place the maximum number of $10 parlays within that group, you would input the following information into the round robin calculator.
• Notional Bet: $10
• Total Games: 5
• Maximum Parlay Size: 5x
• Add -110 to each Game Line
By selecting “Win” for each selection in the round robin, you can potentially win up to $1,718.01 with a total risk of $260. Using the round robin bet calculator, you can adjust the results to see different outcome scenarios. For example, four wins and one loss would result in a situational result of $369.83, while four wins and a push would yield $1,076.02. Three wins, a push, and a loss would give you a situational result of $155.11, and so on.
Advantages of a Round Robin Bet
A round robin bet offers protection in case one or more selections in your parlay fail. It can be devastating to correctly predict six outcomes only to have the seventh team let you down, causing your entire parlay to fail. By placing multiple smaller parlays within a larger group of bet selections, a round robin bet helps minimize this risk. Our round robin bet calculator can help you determine if an online sports betting site is offering fair odds on your planned round robin bet. The calculator shows the potential profit in different scenarios (lost, void, won) and provides clear results every time it is used.
Round Robin Rule
Once you understand the concept of a round robin bet, there are few key rules to remember. One important consideration is the potential for a Rule 4 deduction in horse racing round robin bets if a horse is withdrawn from a race, affecting the odds and potential payouts. Additionally, if a game is canceled, the bet will typically be considered void or a push, with the sportsbook having final say. It is advisable to review the specific terms and conditions of the sportsbook you are using for any further details.
Other Resources for Handicappers
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