What Is A Union Jack Round Robin Bet?

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Even Money

Each “leg” or individual bet in the parlay must win for the parlay to grade as a winner. You can think of the “round robin” as a third type of multiple bet. In reality, it’s really just the aggregate of multiple parlays. If you’re familiar with horse racing, a round robin bet is just like boxing horses.

Category: Betting

Best explained with an example – I will make all winners 2/1 which will simplify,and use a stake unit of £1,again to make it more simple to explain a Round Robin bet. Before explaining the bet,understand that Round Robin is used worldwide for a variety of bets. The Round Robin bet went out of fashion in England when betting tax was removed in the late 90’s.

A multitude of things need to come together to yield a winning payout, and when they do, they usually yield a lower payout than traditional parlays. When you place multiple wagers across multiple games, most sportsbooks will offer you the option to group them into multiple small parlays. Online sportsbook software has the capability to categorize these parlays automatically.

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All Five Games Won

You profit $60 as one of the 2-team parlays pays $260 above your initial stake of $100 for that parlay (for a total payout of $360). A round-robin bet is a simple way to wager many parlays in a single bet. They make it easy for bettors to parlay between three and eight lines.

For a parlay to hit, or be worth a payout, everything within the parlay must happen. From there, you separate the lines into parlays of 2 to 7 lines each. Lines are basically just a bet; money-line, point-spread, over/under, etc. You can have between 3 and 8 lines if you are working off of Bovada.

A straight bet is a single bet on the outcome of a game or sporting event that is determined by a money line or point spread. Whichever format odds are written in, they all have an equivalent in another format. While some sites, such as William Hill’s Jersey sportsbook, allow bettors to change odds formats, it is useful to understand how to calculate odds between formats. Not only will this help you understand your potential return, but it also makes it easier to compare betting odds across sportsbooks. Another example of decimal odds in action would be betting on NHL game with odds of 9.0.

If you play the regular four-leg parlay, all four bets have to win, or you get nothing. In this case, as long as at least two of the bets win, you’ll get some of your money back. Soccerbets365 has been on the betting market for over 20 years now. On our website, you can find daily predictions on different sport events, including football, volleyball, basketball, tennis, and hockey games.