THE SPORTS KINGODDS

Round robin calculator

Split 3 to 8 picks into every parlay of 2, 3 or more legs: how many bets, the total cost, the payout if everything hits, and EV when you add a fair win % per pick.

FreeNo account neededSame math as our tools

Inputs

$

Result

updates as you type

Run this math on every line, automatically

Price each pick against the market on the +EV finder before you combine them.

How it works

A round robin bets every parlay of a given size that can be made from your picks. With n picks taken k at a time there are C(n, k) = n! ÷ (k! (n − k)!) parlays, each staked the same:

bets = C(n, k) · cost = bets × stake

each parlay pays stake × the product of its legs' decimal odds when all of its legs win

with fair chances pi: EV of a parlay = Π pi × Π di − 1 (independent picks)

Losing one pick only kills the parlays that contain it, so a round robin trades a smaller top payout for some return when most picks win. It does not change the math of each parlay: if the picks are −EV, every parlay is too.

Worked example

Four picks (−110, +120, +150, −105) by 2s at $10 per parlay:

Bets = C(4, 2) = 6 parlays · cost = 6 × $10 = $60.00

If all four win, every parlay pays: total return $273.76

If three win, the 3 parlays without the loser pay; if two win, only the one parlay of those two does

ParlayOddsPays on $10
−110 + +120+320$42.00
−110 + +150+377$47.73
−110 + −105+273$37.27
+120 + +150+450$55.00
+120 + −105+330$42.95
+150 + −105+388$48.81

Things to watch

  • Many small bets add up. 6 picks by 3s is 20 parlays: twenty stakes.
  • Vig compounds in every parlay. A round robin of −110 picks carries the parlay margin many times over.
  • Same-game picks are correlated. The EV here assumes independent picks.

Frequently asked questions

How many bets is a round robin?
C(n, k): 4 picks by 2s is 6 parlays, 5 picks by 3s is 10, 6 picks by 3s is 20. Every size from 2 up for 4 picks is 11.
Does a round robin improve my odds?
It spreads the same picks over more parlays so one loss does not lose everything. The expected value is the sum of the parlays' EVs, so it is only positive if the picks are.
What does by 2s mean?
Every two-leg parlay that can be made from your picks. By 3s is every three-leg parlay, and so on.
What happens if a pick pushes?
Most books drop the pushed leg from each parlay that has it and pay the rest at the remaining legs' odds. Rules vary by book.

Related calculators

Learn more