A Round Robin bet is a form of betting that involves placing multiple parlay bets on a group of teams or individuals in sports. This form of betting is very popular as it allows users to spread the risk of being able to lose one or more legs of a parlay bet and still make a potential return. A round-robin bet is a way of placing stakes on multiple outcomes of three or more different sporting fixtures to cover different outcomes of play. Here at OddsMonkey, we will look at what the Round Robin bet calculator is, how to use it, why it should be used for anyone placing these types of bets and how it can be beneficial to bettors overall!
What Is A Round Robin Bet Calculator?
The Round Robin bet calculator is one of the many betting calculators we have on offer here at OddsMonkey and can be extremely useful for anyone who understands the potential risks and returns of Round Robin betting. It can also be useful for players who are experimenting with different combinations of odds and stakes to see how the potential selections and returns match up to the odds. Based on the different inputs placed, such as odds and stakes, the calculator will show what different returns are available from the chosen bets, giving users an informed outlook on their betting choices.
The Round Robin betting format consists of 3 doubles, 6 Singles and 1 treble bet, which are usually placed on three separate teams to win their fixture. With 10 selections in total, matched bettors are able to lose some of the bets whilst also making a return in the end, which is what makes round-robin betting popular throughout the matched betting community.
How To Use The Round Robin Bet Calculator
In typical OddsMonkey fashion, the Round Robin bet calculator is very simple to use, with all the complicated mathematics being taken out of the equation with the calculator doing all of the work. Firstly, players must place the unit stake and the odds format in to ensure the calculator is set into the right mode. Then, players must place in the odds of their selections which will then showcase the total return and total profit.
It is important to change some of the results to ‘Lost’ instead of ‘Won’ to see how much the profit is affected if some bets were to lose, ensuring players are always well informed about how much they are risking. It is also possible to make a loss if some or all of the bets lose, so make sure you are sure of how much you are placing.
When placing these Round Robin bets, make sure to check how much the stake is, as 10 selections must be placed, meaning the stake must be placed on 10 separate bets. If the initial stake is £1, then the total stake will be £10, with each component of the bet having an equal wager allocated to it.
Who Can Use The Round Robin Bet Calculator
The Round Robin bet calculator is available to any user who is interested. Anyone who is trying to make the most of their betting are recommended to use all of our calculators, yet the Round Robin bet calculator is the perfect tool for anyone who is placing Round Robin bets specifically.
Players are encouraged to use all of the tools we have available here at OddsMonkey, with some of our most popular tools being our matched betting calculator and our each way bet calculator, both of which could be used in tandem with the calculator we have at hand.
Why Use A Round Robin Bet Calculator
As already stated, the benefits to the Round Robin bet calculator are broad, such as the calculator automatically completing the complicated mathematics which is typically involved in these types of bets, ensuring mistakes are not made. Yet, one of the other most important factors is the fact that bettors are able to see the potential returns and risks made if certain bets lose, ensuring that players are well-informed and are making conscious decisions before placing any bets.
Use The Round Robin Bet Calculator At OddsMonkey
The Round Robin bet calculator is extremely useful for players trying to navigate around the difficult mathematics involved in typical Round Robin bets. OddsMonkey have other matched betting techniques which are similar to Round Robin betting, with tools such as the Dutching calculator or Arbitrage calculator which can both also be another important technique for matched bettors to use.
Make sure to check out other tools that can help players in their matched betting journey, or take a look at our matched betting blog, which has all the tips and tricks for discussing the different topics concerning matched betting techniques!
