Glossary / Markets & bet types / Round-robin
A ParlayAPI glossary entry

Round-robin

A round-robin is a bet structure that automatically places parlays on every combination of a chosen size from a set of legs - for example, all three 2-leg parlays from 3 selections. It trades the all-or-nothing risk of one big parlay for many smaller ones.

In practice

# Round-robin "by 2s" from legs A, B, C
        tickets: A+B, A+C, B+C        # 3 parlays, equal stake each
        # Two of three legs winning still cashes one ticket;
        # a single 3-leg parlay would lose outright.

Round-robins don't change the expected value of the underlying legs - the book's margin per parlay still applies - they only reshape variance. The number of tickets grows combinatorially: 6 legs by 3s is already 20 parlays.

Where it shows up in ParlayAPI

Pricing a round-robin is pure combinatorics on per-leg odds from the feed: enumerate the combinations, multiply decimal prices per ticket, and sum stakes. The parlay-math caveats - compounding vig, and correlation within a game - apply to every ticket.

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