What are your thoughts on Round Robin?

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  • Justin3587
    SBR MVP
    • 08-29-12
    • 2566

    #1
    What are your thoughts on Round Robin?
    I don’t see how these are profitable at all. I think you literally have to get 3/4 of your picks right to profit with them.
  • RangeFinder
    SBR Hall of Famer
    • 10-27-16
    • 8041

    #2
    You're a little over 6% to hit all four picks, and 12.5% to hit 3 out of 4. House edge is too much to overcome with that wager long term.
    Comment
    • Bostongambler
      BARRELED IN @ SBR!
      • 02-01-08
      • 35581

      #3
      Timberlake, if you want to win stay away from them.
      Comment
      • Justin3587
        SBR MVP
        • 08-29-12
        • 2566

        #4
        Originally posted by Bostongambler
        Timberlake, if you want to win stay away from them.
        Oh I do. I just don’t understand the appeal of them.
        Comment
        • pavyracer
          SBR Aristocracy
          • 04-12-07
          • 82700

          #5
          There is no appeal to them. No one is playing them. Well maybe you do but you always lose.
          Comment
          • jjgold
            SBR Aristocracy
            • 07-20-05
            • 388179

            #6
            It’s just a compulsive gambler’s bet
            Comment
            • juicername
              SBR Hall of Famer
              • 10-14-15
              • 6906

              #7
              Don't know him. Sounds like a fat dude.
              Comment
              • Justin3587
                SBR MVP
                • 08-29-12
                • 2566

                #8
                Originally posted by pavyracer
                There is no appeal to them. No one is playing them. Well maybe you do but you always lose.
                You ever had your shit pushed in?
                Comment
                • Optional
                  Administrator
                  • 06-10-10
                  • 61304

                  #9
                  It probably works better than straight parlays with a group of +EV dog bets where you just need two to profit and four would give you a lottery size payoff.
                  .
                  Comment
                  • Justin3587
                    SBR MVP
                    • 08-29-12
                    • 2566

                    #10
                    Originally posted by Optional
                    It probably works better than straight parlays with a group of +EV dog bets where you just need two to profit and four would give you a lottery size payoff.
                    Opti always come through with the clutch comments
                    Comment
                    • d2bets
                      BARRELED IN @ SBR!
                      • 08-10-05
                      • 39994

                      #11
                      Just bet singles and don't fukk around. Unless you're getting a boost or promo or something, don't get too fancy.
                      Comment
                      • semibluff
                        SBR MVP
                        • 04-12-16
                        • 1515

                        #12
                        4 picks?
                        Comment
                        • TommieGunshot
                          SBR MVP
                          • 03-27-12
                          • 1603

                          #13
                          Originally posted by Justin3587
                          I don’t see how these are profitable at all. I think you literally have to get 3/4 of your picks right to profit with them.
                          Only need to win 52.4% (at -110). No idea where the 75% came from, that is literally not even close.

                          Liked these a lot at Jerry's Nugget in Las Vegas when they paid +650 on three team parlays. That is better than -105 from a small, independent book. Easy way to find an edge and get a good amount down. Six teams at $10 each way was a $200 bet.
                          Comment
                          • terpkeg
                            SBR MVP
                            • 10-26-09
                            • 2364

                            #14
                            They are just sets of parlays. You could but them in manually. I guess maybe I way to get more down on simultaneously occuring events if you have limited bank roll. Maybe you can avoid limits some places
                            Comment
                            • Justin3587
                              SBR MVP
                              • 08-29-12
                              • 2566

                              #15
                              Originally posted by TommieGunshot
                              Only need to win 52.4% (at -110). No idea where the 75% came from, that is literally not even close.

                              Liked these a lot at Jerry's Nugget in Las Vegas when they paid +650 on three team parlays. That is better than -105 from a small, independent book. Easy way to find an edge and get a good amount down. Six teams at $10 each way was a $200 bet.
                              We’re talking round robin here. That 52 percent is straight bets. If you hit 52 percent of the picks in your round robin you will never ever profit.
                              Comment
                              • TommieGunshot
                                SBR MVP
                                • 03-27-12
                                • 1603

                                #16
                                Originally posted by Justin3587
                                We’re talking round robin here. That 52 percent is straight bets. If you hit 52 percent of the picks in your round robin you will never ever profit.
                                Winning 52% in round robin bets will be a loss. Winning more than 52.4% of bets in round robin parlays (at -110) will be a profit.
                                Comment
                                • Justin3587
                                  SBR MVP
                                  • 08-29-12
                                  • 2566

                                  #17
                                  Originally posted by TommieGunshot
                                  Winning 52% in round robin bets will be a loss. Winning more than 52.4% of bets in round robin parlays (at -110) will be a profit.
                                  So IF one wanted to do round robin, it would be more ideal to play an odd number of teams?
                                  Comment
                                  • TommieGunshot
                                    SBR MVP
                                    • 03-27-12
                                    • 1603

                                    #18
                                    Originally posted by Justin3587
                                    Originally posted by TommieGunshot
                                    Winning 52% in round robin bets will be a loss. Winning more than 52.4% of bets in round robin parlays (at -110) will be a profit.
                                    So IF one wanted to do round robin, it would be more ideal to play an odd number of teams?
                                    For any bets, whether parlay, round robin, or straight bet, the only thing that should matter is the probability of winning and the payout. The number of teams has nothing to do with that. Against -110 lines (ie +264 two team parlay, +596 three team parlay, etc), if the games have a 53% chance of winning or more, the bets are profitable. If the games have a 52% chance of winning or less, the bets or not profitable. Parlays and round robins increase the amount of action, which can amplify the profits and losses, but do nothing to change which probabilities are profitable and which are not.
                                    Comment
                                    • Snowball
                                      BARRELED IN @ SBR!
                                      • 11-15-09
                                      • 30049

                                      #19
                                      I will use RR as extra spice sometimes.. at the rate of about 25% to 15% of the bet, mostly with the by 2's option.
                                      Sometimes I will arrange a by 3's option if there are enough sides, but those would be ML and a large number.
                                      RR's are a waste if your ML's are too high odds. It's ok to have one large odd in the RR, but not 2+.
                                      Comment
                                      • jjgold
                                        SBR Aristocracy
                                        • 07-20-05
                                        • 388179

                                        #20
                                        I play them for the fun of it you could make scores
                                        Comment
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