As a result, the bettor can cover multiple outcomes with a round robin to secure payouts even if some individual legs fail. In short, bettors can choose a list of wagers they like and build multiple, smaller parlays from that list rather than wrapping them all into one large parlay. The concept of a round robin in sports betting is similar but not identical to a parlay. The name comes from round robin tournaments in which every team plays every other team at least once. Round robin bets offer the payout potential of larger parlays without as much risk.
