The 2019-2020 NFL season is finally ... finally underway. Which means NFL Betting season has officially begun. We provide single wagers, prop wagers, futures and parlays. And even unique bets like Round Robin bets.
In the wonderful world of horse racing, they have this thing called a boxed wager. If you’ve picked a couple of horses you like to go 1-2, but you’re not sure which one will win, you can “box” your bet and take both possible exactas: Swaps-Nashua and Nashua-Swaps for example. If you like three horses, you can box all three and create six different exactas.
You can do much the same thing when you bet on the NFL. Let’s say you want to make a standard 2-team combo bet, but you’ve done your homework, and you’ve found three really good NFL betting lines that you want to parlay. Can’t decide which ones to choose? Why not make a NFL round robin bet instead? With this bet, you’re doing exactly what they do at the track; in this case, you’re creating three different 2-team parlays and betting them all at once.
Rockin’ Robin
To give you an example of what a round robin bet looks like, here are three hypothetical lines from the gridiron:
New England Patriots –14
Seattle Seahawks –6
Cleveland Browns +17
By placing a round robin wager, you’re betting on the following 2-team parlays:
Patriots –14
Seahawks –6
Patriots –14
Browns +17
Seahawks –6
Browns +17
It doesn’t have to be a 2-team combo bet, either. You can make up to a 7-team parlay in your round robin NFL wager, using as many as eight betting lines. This allows you to bet up to 70 different parlays at the same time, featuring only the lines you like the most. All you have to do to place a round robin bet at Bovada Sportsbook is select the lines you want, tap or click on Round Robin, choose how many “ways” you want to parlay and how much to bet, and the software will do the math for you.
The powerful thing about this bet type is the way it allows you to spread the risk around. If you make the aforementioned 3-team, 2-way round robin wager, and bet $10 on each of the three parlays (at 2.6-to-1 odds), you’re risking $30 to win up to $78. Even if you hit just one of these three combos, you’re almost breaking even. But if instead you wager $30 on a simple 3-team parlay (at 6-to-1 odds), you need all three teams to win to cash in. The potential reward is over twice as large at $180, but is the risk worth it to you? If not, give the round robin bet a spin next time you make your NFL picks.
If you want to learn more about all the sports bets you can place on the 2019-2020 season, check out our NFL Betting Guide!