In essence, a round robin bet is a series of mini parlays created from a larger list of selections. It’s a strategy designed to increase the probability of earning a return, even if not all your picks are successful. The humble round robin is a play that may not reach the dizzying exponential returns of a parlay, but it’s a solid workhorse than can help bettors reduce their variance while still keeping them alive in the hunt for a more significant payday.Ī round robin bet is a specific type of sports bet that allows you to place multiple parlay wagers simultaneously. No, we’re here to talk about a wager that can sometimes be daunting to novices, but fills its own niche: the round robin bet. But we’re not here to talk about those plays. In the universe of parlays, teasers have their adherents, regular parlays are king, and the less said about single-game parlays the better.