- Round Robin Betting Definition
- Betting Terms And Definitions
- Round Betting Explained
- Round Robin Betting Definition
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Action - A sports betting wager of any kind, a bet.
Added Game - For sports betting, a game not part of Las Vegas regular rotation posted as an accommodation to customers.
Round Robin - In sports betting this a series of three or more teams in 2-team parlays. Run down - In sports gambling this is all the lines for an specific date, sport, time, etc. There are two types of round betting. The first is grouped round betting, where you have to predict which fighter will win, and in what group of rounds. Here is an example: Sugar Ray Leonard in rounds 4-6 7/1.
Round robin bets are multi-team bets between three and ten teams. These teams are then used to create as many two team parlay combinations as possible. In a round robin bet, the amount you bet is the amount that is bet on each two team parlay. If you bet $200 on 6 two team parlays, you are betting a. With your basic round bet, you are simply trying to predict which round will be the last fought. It can be pretty tough to guess the right round, more challenging than simply picking the winner. For this reason, you can get some great odds. FanDuel's free sports betting strategy guide is your go-to reference for understanding sports betting. We cover all the basics – straight bets, parlays, teasers and more – that can help you win money wagering on your favorite sports. Our how to bet guide is useful for beginners as well as.
Angles – Using key factors from previous events to predict the results for future outcomes.
ATS - 'Against the spread,' taking points rather than betting with the spread and laying points in sports betting.
Beard - In sports betting a beard is a friend or acquaintance who is used to place bets as to conceal the true identity of the real bettor.
Bet – To risk something on the outcome of an event
Book - In sports gambling a Book is an establishment that accepts bets on the outcome of horse racing and sporting events.
Bookie - In sports wagering a person who accepts bets.
Bookmaker – see ‘bookie'
Buck - Sports betting term for a $100 wager.
Buy (Points) - In sports betting, a player pays an additional price to receive half a point or more in his favor on a point spread game.
Canadian Line - In sports betting the Canadian line is a combination point spread and money line in hockey.
Chalk - The favorite.
Chalk Player - In sports gambling this person is someone who usually only plays the favored teams, rarely betting on the underdogs.
Circled game - In sports wagering this is a game in which the betting action is reduced; usually occurs in added games, games with injuries, bad weather, propositions, or halves of games. These games cannot be included in parlays or teasers
Cover - In sports betting this term means a pointspread win.
Data Mining- Searching through a large volume of statistics to find profitable situations to bet on in the future.
Dime - $1000.00 sports betting wager.
Dime Line - In sports betting a Dime line is a line where the juice is 10%.
Dog - In sports betting, the team perceived to be most likely to lose.
Dog Player - In sports gambling this term refers to one who mostly plays the underdog.
Dollar - $100, in sports wagering.
Double action - An 'if bet' in sports betting that is processed if the precedent bet wins, ties or cancels.
Double Bet - In sports betting a double bet is a wager for twice the size of one's usual wager; also known as 'double pop' or 'doubling up.'
Edge - A persons Advantage when it comes to sports betting.
Even Money - Sports betting term 'Even money' is a bet whose odds are 1/1; a wager in which no vigorish or juice is laid.
Exotic - In sports gambling the term Exotic is any wager other than a straight bet or parlay - also called a prop or proposition.
Exposure - The maximum amount of money a sports book stands to lose on a game.
Favorite - In sports betting this it the team expected to win an event. The quoted odds reflect the extent to which the choice is favored.
Fifty cents - $50.00 of sports betting action.
Figure - For sports betting, Figure is the amount owed to or by a bookmaker.
First half bet - In sports betting this is a bet placed only on the first half of the game.
Future - In sports gambling odds are posted in advance on the winners of various major events including the Super Bowl, the World Series, the Stanley Cup, and the NBA Championship this is called a Future bet.
Gamble- To risk money on the outcome of an event.
Getting Down - Sports wagering meaning making a bet.
Grand Salami - A sports betting term meaning the grand total of goals scored in all the hockey games of the day. It can be wagered to go Over/Under.
Half a dollar - $50.00 in sports betting action.
Half time bet - In sports betting this is a bet placed only on the second half of the game.
Handicapper - When it comes to sports betting a handicapper is one who studies, rates and wagers on sporting events and/or races.
Handicapping - In sports gambling this is the attempt to predict the outcome of sporting events.
Handle - A sports wagering term that means the total amount of bets taken.
Hedging - A sports betting term that means placing wagers on the opposite side in order to cut losses or guarantee a minimum amount of winnings.
Hook - In sports betting a Hook is a half point added to football and basketball betting lines.
Hot game - Sports betting term for a game that is drawing a lot of action on one side by knowledgeable handicappers.
Juice - The bookmaker's commission on a losing bet, also known as 'vigorish.'
Laying the points - Betting the favorite by giving up points.
Laying the price - In sports wagering, laying the price means betting the favorite by laying money odds.
Layoff - sports betting term for money bet by a house with another bookmaker to reduce its liability.
Limit - In sports betting limit is the maximum amount a bookmaker will allow you to bet before he changes the odds and/or the points.
Line - In sports betting, the current odds or point spread on a particular event.
Linemaker - In the sports betting industry this is the person who establishes the original and subsequent betting lines.
Listed Pitchers - In sports gambling a listed pitcher is a baseball bet which will be placed only if both of the pitchers scheduled to start a game actually start. If they don't, the bet is cancelled.
Longshot - In sports wagering this is a team or horse perceived to be unlikely to win.
Middle - To win both sides of the same contest in sports betting event. Wagering on the underdog at one point spread and the favorite at a different point spread and winning both sides.
Money line - odds expressed in terms of money. With money odds, whenever there is a minus (-) you lay that amount to win a hundred dollars, where there is a plus (+) you get that amount for every hundred dollars wagered. How to win the bookies.
Move the line - A player pays an additional price to receive half a point or more in his favor on a point spread game.
Nickel - $500.00, in on a sports gambling wager.
Nickel line - A sports wagering line where the juice is 5%.
No action - A wager in sports betting in which no money is lost nor won.
Odds- The likelihood of the outcome occurring, stated in numbers form.
Off the board - In sports betting this is a game on which the bookmaker will not accept action.
One dollar Online pokies real money. - $100.00 in sports betting action.
Opening Line- The earliest line posted for a particular sporting event.
Outlaw Line - Term for the earliest line in sports betting. This is an overnight line that only a handful of players are allowed to bet into.
Over - In sports gambling the 'over' is a sports bet in which the bettor guesses that the combined point total of two teams will be above a specified total.
Parlay - In sports wagering, a bet with two or more teams in which all teams must win or cover for the bettor to win and receive higher payouts.
Pick 'em Who will win golden ball 2018. - When neither team is favored. Also called a 'pick' in sports betting terms.
Point spread - In sports betting this is the predicted scoring differential between two opponents as quoted by a sports book.
Power Ratings- The strength of a team in comparison to another team.
Press - In sports betting this means to wager a larger amount than usual.
Price - Sports betting term for the odds or point spread.
Prop (Proposition) Bet - In sports gambling this is a special wager offered by the sports book on unique and various topics. These wagers can be on sporting events, politics, and even trial outcomes. The wagers use the money line format of pay off odds and might included who scores the first touchdown in the super bowl, who will win the next presidential election, or whether or not O. J. will be found guilty.
Puckline - A puckline for sports wagering is giving odds of a goal spread instead of using a Canadian Line in hockey, where both a goal spread and money line are played.
Puppy - The underdog in an event.
Push - When the contest ends with no winner or loser for wagering purposes.
Round Robin - In sports betting this a series of three or more teams in 2-team parlays.
Run down - In sports gambling this is all the lines for an specific date, sport, time, etc.
Run line - In baseball a spread used instead of the money line.
Runner - One who places bets for another when it comes to sports betting.
Scouts - person(s) who waits for what he thinks is an unusually strong wager. AKA. Sports Player.
Sharp - When it comes to sports betting a sharp is a sophisticated or professional gambler.
Sides - In sports betting, the names of the two teams playing: the underdog and the favorite.
Single action - An 'if bet' in sports gambling that is processed only if the precedent bet wins.
Sportsbook- a person or company that accepts bets.
Spread - A spread in sports wagering is the predicted scoring differential between two opponents as quoted by a sports book. See 'point spread.'
Square - A novice when it comes to sports betting.
Steam - In sports betting steam is when a line starts to move rapidly. Most 'steam games' do not necessarily reflect objective circumstances, but are games that a mass of bettors is drawn to for some reason.
Store - A bookie or sports betting establishment.
Straight bet - In sports betting this is a wager on just one team or horse.
Straight-up- Winning the game without any regards to the pointspread.
Systems- Using trends for the past that you are consistent with to predict future outcomes.
Round Robin Betting Definition
Taking the points - When it comes to sports gambling this means betting the underdog and its advantage in the point spread.
Taking the price - In sports wagering this means betting the underdog and accepting money odds.
Teaser - A teaser is a special type of parlay in sports betting in which you adjust the point spread or total of each individual play. The price of moving the point spread (teasing) is lower pay off odds winning wagers.
Ticket - A sports betting wager.
Tie - In sports betting a tie is a wager in which no money is lost nor won because the teams' scores were equal to the number of points in the given line.
Total - The combined amount of runs, points or goals scored by both teams during the game, including the overtime.
Totals Bet - In sports gambling this is a proposition bet in which the bettor speculates that the total score by both teams in a game will be more or less than the line posted by the sports book.
Tout - Someone who sells their expertise on sports wagering.
Trends- Using the past to predict the future focusing in on only one team.
Under - When it comes to sports betting a under is a wager in which the bettor guesses that the total points scored by two teams will be under a certain figure.
Underdog - The team perceived to be most likely to lose. Also known as the 'dog' in sports betting terminology.
Value - In sports betting value means getting the best odds on a wagering proposition; the highest possible edge.
Vigorish - The bookmaker's commission on a losing bet; also known as juice in sports betting.
Wager- To risk money on the outcome of an event.
Wise guy - A wise guy is the sports gambling term for a well-informed or knowledgeable handicapper or bettor.
- Atlanta Falcons -3
- Buffalo Bills +7
- Chicago Bears -6
Betting Terms And Definitions
First Parlay:- Atlanta Falcons -3
- Buffalo Bills +7
- Risk $5 to Win $13 (2.6/1 odds)
- Atlanta Falcons -3
- Chicago Bears -6
- Risk $5 to Win $13 (2.6/1 odds)
- Buffalo Bills +7
- Chicago Bears -6
- Risk $5 to Win $13 (2.6/1)
Round Robin Bet Table
| PICKS | WAYS | Number of Bets |
| 3 | 2 | 3 |
| 4 | 2 | 6 |
| 4 | 3 | 4 |
| 5 | 2 | 10 |
| 5 | 3 | 10 |
| 5 | 4 | 5 |
| 6 | 2 | 15 |
| 6 | 3 | 20 |
| 6 | 4 | 15 |
| 6 | 5 | 6 |
| 7 | 2 | 21 |
| 7 | 3 | 35 |
| 7 | 4 | 35 |
| 7 | 5 | 21 |
| 7 | 6 | 7 |
| 8 | 2 | 28 |
| 8 | 3 | 56 |
| 8 | 4 | 70 |
| 8 | 5 | 56 |
| 8 | 6 | 28 |
Round Robin Bet History
Most online sportsbooks will carry the Round Robin bet option as long as they have developed it their bet engine. Many customers may get confused after they have made a round robin bet because it will not show up in their bet history as a round robing. Your wager history will show up round robin bets as individual parlay bets made at the same time. Parlay rules apply to which sports you can include in a round robin.Best Sportsbook - Round Robin Bet
Round Betting Explained
The best sportsbook for a round robin is the one with the highest parlay payout odds. Most online sportsbooks will have similar parlay payout odds. However, some sportsbooks will have a parlay bonus or special during the NFL season to encourage action. All the sportsbooks in our review section are trusted and carry round robin bets. Top Online Sportsbooks with Round Robin Betting:Round Robin Bet Links
Sports Betting Tips for some general guidelines for betting the Football season. Credit Card Sports Betting for a US Sportsbook Review with a high credit card acceptance rate and Round Robins on all major sports. Bet Round Robin Sportsbook for a high limit NFL Football Sportsbook with early bet lines and great parlay odds. Gambling Term Glossary For current and full NFL Bet Lines visit Bovada Sportsbook.Parlays, Teasers and Round Robin Betting
New players to the sportsbook world may think that they need to study for years to understand all the different terms for betting and different options but in fact once you understand the basics, it is very easy to grasp and understand and each bet should flow. Of course, it is always good to bet with knowledge and have a strategy on each team, but it is also good to understand the basicsWhat is a Parlay
A parlay is a continuous bet where the winnings of each bet are put in a central bet and used as stakes for the next bets. In other words, the parlay just keeps going and is perfect for ongoing sports events or sports games that have different rounds.What is a Teaser
A teaser bet does not carry the same meaning as the word in language. A teaser bet combines bets on two different sporting games, in other words bettors can place a bet on one round of baseball with one team and then a further bet at the same time on a different game with the same team but a different opponent.The Point Betting System and Buying Points
The point betting system is quite ingenious and in fact it is a sensible way to bet but it can also be very detrimental for those bettors that lose. Players place their bets based on the different odds and each team or player is given points. If the player wins his bet by 1 point then his winnings are multiple 1x, if he wins by 3 points, his winnings are multiple 3x and if he loses by 3x, his losses are multiplied 3x. So, it can offer huge extra winnings but also huge losses. Players should consider very carefully if they want to use the point system. Buying points in certain games including the NFL league allows the player to move his points up two places and thus have a better chance but not all games offer this option.Round Robin Betting Definition
NHL Betting - Round Robin Play
Round Robin play or betting allows bettors to place up to three bets i.e. parlays at once when three hockey games are being played on the same night. The round robin betting offers different combinations depending on the number of games being played but it must be a minimum of three. Of course, players can place the bets individually, but this takes longer, and it also does not offer the same impact if the player wins. The many different round robin betting options are detailed for each game and bettors must seek out the sportsbooks that offer round robin betting.MLB Betting – Round Robin Betting and the Underdog ML Round Robin System
The baseball league is one of the most popular sports in America and thus there are many different betting options for this game. The round robin option offers players a chance to place multiple parlays with one bet and can only be used when there are three games running at the same time or in the same time period set by the sportsbook. One of the popular options for baseball bettors is to place an underdog ML round robin bet. This groups all the underdogs together, usually in groups of threes and the player can then place his bet collectively on these three teams. Historically in leagues the underdog seems to have about a 30% chance of winning so the underdog round robin bet is not always lost and adds a bit more excitement and fun to the whole experience.NFL Round Robin Betting
The NFL is another of the popular sportsbook sports that players like to use Round Robin betting for. The round robin betting is faster, and it groups a minimum of three teams together giving the player different options for betting and in some ways cheaper betting but with the chance to win big if all three teams win. A table of the different betting options is offered for each season detailing the number of picks, the number of ways it can be placed and the number of bets. For example, 6 picks (teams) offers a 4-way option with 15 bets but a 3 pick can give 2 ways and 3 picks. The speed of the round robing betting option means that players have more time to peruse the teams and enjoy the games online.What do the color indicators next to betting lines means?
There is a lot to take in when placing round robin bets and the different colored triangles mean that the different bets have varying equalities and can offer different options for the player. Red tends to indicate that the odds are on the way down and green indicates that the odds is on the way up and maybe players should reconsider and bet more. Odds are constantly fluctuating right up until the last moment and the colors indicate the movement of the odds.