Introduction:
FanDuel is a very popular online betting platform. The platform is very popular among the sports betting enthusiasts in the United States of America. The platform offers different types of sports betting options, daily fantasy sports and other online casino games. FanDuel also offers different types of betting options. And if you are exploring these betting options, then you might have come across the term Round Robin bets. This is a very interesting type of wager. This wager is designed for bettors who want to maximize their chances of winning. And they want to do it by covering multiple combinations in a single bet.
Don’t you know what a Round Robin bet on FanDuel?. You need not to worry. In this article, I will be telling you everything about what a Round Robin bet is?. I will also be telling you about how it works on FanDuel. And I will give you the details about why it can be a smart choice for you if you are a strategic bettor. Then what are you waiting for?. Let’s begin the show!
What Is a Round Robin Bet on FanDuel?:
A Round Robin bet is a very interesting type of wager. This wager allows you to create multiple smaller parlay bets from a larger group of picks. This is different from placing one large parlay that requires all of your picks to win. It is because a Round Robin bet allows you to group your selections into smaller parlays. This increases your chances of winning even if you lose some picks.
For example:
Let’s suppose that there are three teams. Now, if you select these three teams (Team A, Team B, Team C) and go for a Round Robin, then it will create three two-team parlays:
- Team A + Team B
- Team A + Team C
- Team B + Team C
This way, you don’t need all of the three teams to win to earn a payout.
How Does Round Robin Work on FanDuel?.
If you want to place a round robin bet, then you should follow some steps. These steps are:
Step 1: Choose Your Selections:
First of all, you should choose your selections. You should start by selecting multiple teams or outcomes you want to bet on. Keep in mind that a Round Robin bet requires you to go for at least three picks. But you can include more options as well if you desired.
Step 2: Select the Round Robin Option:
When you are placing your bet, then you should look for the Round Robin option. You can find that option in the FanDuel’s betting slip. This option will automatically group your selections into smaller parlays.
Step 3: Choose Your Parlay Combinations:
FanDuel will show you the possible parlay combinations you can go for. You should carefully evaluate all of these options. After that, you should choose how many teams or outcomes you want in each parlay. You can go for 2-team parlays or 3-team parlays etc.
Step 4: Set Your Stake:
Now, you should decide how much you want to wager on each of the parlays. You should keep in mind that your total stake will multiply by the number of parlays in your Round Robin.
Step 5: Place Your Bet:
Once you have reviewed your selections and stakes, you should place your bet.
Benefits of Round Robin Betting on FanDuel:
There are many benefits of placing a round robin bet. Some of these benefits include:
1. Increased Chances of Winning:
Remember that round robin bets are not like traditional parlays that require all of your picks to win. Instead, a Round Robin will pay you out even if some of your picks lose.
2. Flexible Betting Options:
The round robin bet is not static. It is flexible instead. It is because the Round Robins allow you to customize your parlay combinations. So it gives you complete control over your risk and your potential rewards.
3. Balanced Risk and Reward:
It is true that Round Robin bets have lower payouts compared to full parlays. But they also provide a safety net by spreading your risk across multiple bets.
Example of a Round Robin Bet on FanDuel:
Imagine you select the following three teams for your Round Robin:
- Team A
- Team B
- Team C
Your Round Robin will create these combinations:
- Parlay 1: Team A + Team B
- Parlay 2: Team A + Team C
- Parlay 3: Team B + Team C
- If you bet $10 on each parlay, your total stake will be $30.
- If only two teams win, one parlay will pay out.
- If all three teams win, all parlays will pay out.
Tips for Placing Round Robin Bets on FanDuel:
If you want to get the maximum out of your Round Robin bets, then you should follow some tips. These tips include:
1. Choose Strong Picks:
It is true that Round Robins provide you flexibility. But your picks still need to win for a payout. So you should properly research the teams. You should also research about the players and you should matchups carefully.
2. Balance Your Budget:
Since Round Robin bets involve multiple parlays, your total stake can add up quickly. Still, you should set a budget. And you should stick to it. You should never go beyond your budget in any circumstances.
3. Understand the Odds:
If you go for smaller parlays, then they generally have lower payouts. So you should make sure you understand the odds and potential returns before placing your bet.
4. Use Round Robins for High-Risk Picks:
Round Robins can be a good way to include high-risk picks in your betting strategy. And you can do it without risking everything on a single parlay.
When Should You Use Round Robin Betting?.
A Round Robin bet is ideal for different types of situations. Some of these situations include:
- If you are confident in most, but not all, of your picks.
- If you want to minimize the risk of losing your entire stake.
- If you are trying to diversify your betting strategy.
Pros and Cons of Round Robin Bets:
There are both pros and cons of placing a round robin bet. Some of these pros and cons include:
Pros:
The Round Robin bets can bear the following pros:
- Increases chances of winning.
- Provides a safety net compared to traditional parlays.
- Offers flexible betting options.
Cons:
The Round Robin bets can have the following cons:
- Lower payouts compared to full parlays.
- Total stake can be high due to multiple bets.
Conclusion:
FanDuel is very famous among sports bettors from different regions of the USA. The platform offers different types of sports betting options. One of them is the round robin bet. A Round Robin bet on FanDuel is an excellent option for you if you are looking to balance your risk and reward. You can do it by breaking your selections into smaller parlays. By doing so, you can increase your chances of winning while enjoying the excitement of sports betting. Round robin bets are my favorite bets in the betting list of FanDuel. Trust me, Round Robin bets are really interesting to play. You should try a Round Robin today and see how it fits into your betting strategy. Best of luck with your Round Robin bets!
FAQS:
Q: How many picks do I need for a Round Robin on FanDuel?.
Ans: A Round Robin requires you to go for at least three picks. But you can include more if you want to.
Q: Can I win a Round Robin bet if some of my picks lose?.
Ans: Yes. It is the beauty of a round robin bet that you can win it even if some picks lose. You can win as long as at least one of your smaller parlays is successful.
Q: Is a Round Robin bet better than a traditional parlay?.
Ans: It depends on your betting strategy. Round Robins can offer you a safety net. Traditional parlays have higher payouts but you require all of your picks to win.
Q: How is the total cost of a Round Robin calculated?.
A: The total cost is your stake per parlay multiplied by the number of parlays in your Round Robin.
