A Round Robin bet is a type of parlay that involves three or more selections, with two or more legs. The cost of a Round Robin bet can vary depending on the number of selections you include in the bet, the number of legs per combination, and the amount you choose to wager on each leg.
To calculate the cost of a Round Robin bet, you need to know:
1. The number of selections (n).
2. The number of legs per combination (which is typically two, but can be more).
3. The amount you want to bet on each leg (your unit stake).
The formula to calculate the total cost is:
Total Cost = (n – 1) * (n – 2) / 2 * (number of legs) * (unit stake)
For example, if you want to place a Round Robin bet with 3 selections (A, B, C), 2 legs per combination, and a unit stake of $10:
Total Cost = (3 – 1) * (3 – 2) / 2 * 2 * $10
Total Cost = 2 * 1 / 2 * 2 * $10
Total Cost = 1 * 2 * $10
Total Cost = $20
This means you would be placing a total of 3 different two-leg parlay bets, each with a $10 stake, for a total cost of $20.
If you increase the number of selections or the unit stake, the cost of the Round Robin will increase accordingly. Keep in mind that Round Robin bets can become quite expensive if you choose many selections or a high unit stake, and they can be complex to manage because they involve multiple potential outcomes.