What is a by 2‘s x10 Wager? The Expert‘s Guide to Round Robin Betting

Hey friend! Terry here, your resident betting expert. Today I‘m breaking down one of my favorite strategic wagers – the "by 2‘s x10" round robin bet.

Now I know parlays and round robins can seem complicated at first. But stick with me! In this guide, I‘ll explain everything in simple terms with plenty of examples.

Together we‘ll explore:

• What exactly a "by 2‘s x10" bet is
• How round robin betting works
• Key strategy tips for maximizing profits
• When to use this type of wager (and when NOT to use it!)

And much more. Let‘s get started!

Introduction to Round Robin Betting

First things first – what is a round robin bet?

A round robin takes a list of teams and creates multiple smaller parlays from them.

For example, say you want to bet on 5 different games:

• Dallas Cowboys vs New York Giants
• Boston Celtics vs Los Angeles Lakers
• Carolina Hurricanes vs Tampa Bay Lightning
• Arsenal FC vs Manchester United
• Jon Jones vs Francis Ngannou (UFC)

For a regular 5-team parlay, you‘d bet on all 5 teams and need them ALL to win.

With a round robin, you‘d take those 5 teams and make different 2-team and 3-team parlays from them.

So instead of 1 bet that must hit 5 winners, you now have multiple bets that each need 2 or 3 winners.

This gives you more chances to win! Even if 1 or 2 teams lose, you can still make money from the other parlays.

Now let‘s look specifically at a "by 2‘s" round robin bet.

Understanding a By 2‘s Round Robin Wager

The "by 2‘s" in the bet name indicates we are making 2-team parlays.

A "by 2‘s" round robin takes your list of teams and creates a 2-team parlay for every possible pair combination.

For example, let‘s see how it works with 4 teams:

• New England Patriots
• Kansas City Chiefs
• Dallas Cowboys
• Pittsburgh Steelers

The 6 possible 2-team parlay combinations are:

• Patriots + Chiefs
• Patriots + Cowboys
• Patriots + Steelers
• Chiefs + Cowboys
• Chiefs + Steelers
• Cowboys + Steelers

This makes for a "by 2‘s x6" round robin bet – 6 total 2-team parlays created.

The more teams you add, the number of 2-team parlays increases rapidly:

• 3 teams = 3 parlays
• 4 teams = 6 parlays
• 5 teams = 10 parlays
• 6 teams = 15 parlays

And so on. Each parlay acts as a separate bet.

To win the whole round robin, you need all the 2-team parlays to hit. But you can still make money if you hit just some of the parlays. More chances to win!

Now let‘s get into some key betting strategy tips…

5 Round Robin Betting Strategy Tips

While round robins give you multiple chances to win compared to a standard parlay, you still want to be smart with them.

Here are my 5 proven tips for strategic round robin betting:

1. Include At Least 5 Teams

You want enough teams to create multiple unique parlay combinations. Anything less than 5 is not really worth it.

I recommend 5-6 teams in most cases. This gives you 10+ parlays with lots of overlapping teams, lowering your risk compared to one big parlay.

2. Focus on Your Most Confident Picks

Round robins require more capital than regular bets. Don‘t waste money on murky picks!

Make your most trusted selections the "core" of your round robin. The teams you are most confident will win or cover the spread.

Surround those core picks with other solid choices. Don‘t dig too deep for extra teams.

3. Use Both Sides and Totals

Don‘t just pick winners in a round robin. Also bet on:

• Point spreads – Pick against the spread rather than just the winner. Gives you more flexibility.

• Over/under totals – Bet on the total points scored going over or under a line. Unrelated to the winner.

Mixing in spreads and totals gives you more ways to hit each parlay.

4. Limit Your 3-Team Parlays

You can make 2-team, 3-team, and higher parlays in a round robin. But I suggest limiting 3-team bets.

In general, aim for only 10-20% 3-team parlays in your total wagers. They have much lower odds of hitting.

For example, in a 10-wager round robin, just 1 or 2 bets should be 3-team parlays. The rest 2-team combos.

5. Review Using a Bet Calculator

Working through a round robin by hand can be tricky. I always use an online calculator to verify my bets.

The calculator shows how many total wagers are placed, possible payouts, and expected profit/loss at different win rates. Very handy!

Ok, let‘s now look at how to actually place one of these bets…

How to Place a By 2‘s Round Robin Wager

The process of placing a round robin bet will vary a bit by sportsbook. But generally it follows a similar flow:

1. Add Teams to Your Bet Slip

First, select at least 5 teams to include in your round robin. Add them to your bet slip.

For each team, pick the market you want to bet – moneyline, spread, total, etc.

2. Open Round Robin Options

Look for a "Round Robin" or "Parlay Options" section on your bet slip and open it.

This is where you can customize how the round robin is structured.

3. Select "By 2‘s"

Find the option to create 2-team parlays and select it. This may be listed as "By 2‘s", "2-Team Parlays" or similar.

4. Enter Wager Amount

The amount you enter here is the wager per parlay.

So if you bet $10 on a "by 2‘s" round robin of 5 teams, you are placing 10 total $10 wagers.

5. Confirm and Place Bet

The total wager amount will be calculated and you can confirm/place the bet. Sit back and hope to hit those parlays!

It looks complicated but once you do it yourself, it‘ll make sense quickly.

Should You Bet Round Robins or Parlays?

Now you might be wondering – which is better, round robin or parlay? Let‘s compare the two:

Round Robin	Parlay
Lower risk than parlay	Higher risk – must hit ALL legs
Multiple chances to win	One chance to win
Costs more to place	Lower cost per bet
Lower but steadier payouts	All-or-nothing payout

In general, round robins are lower variance while parlays offer bigger swings.

Rookies should stick to simpler bets. But for experienced bettors, round robins can be a profitable strategy.

You can also combine elements of each using "partial round robin" bets. Where you parlay some teams and round robin others from the same bet slip. Lots of flexibility!

And remember you can round robin other bet types too like totals, spreads, and prop bets. It doesn‘t have to be just picking winners.

Advanced Round Robin Betting Strategies

Alright, now that you‘ve got a good handle on round robin basics, let‘s get into some advanced tactics:

Hedging Your Bets Mid-Game

Hedging involves placing additional wagers to reduce potential losses. This works for round robin bets.

Example:

• You bet a 6-team "by 2‘s" round robin, making 15 total $10 wagers.

• The first games start and you see 3 of your teams are losing.

• To hedge, you bet $50 on a 3-team parlay of the expected winning teams.

If the 3 losing teams do lose, your new parlay can make up for some of those losses on the round robin bet. Hedging reduces the risk.

Using Teasers to Improve Odds

Teasers let you adjust the point spread or total in your favor by a set amount of points. Like getting +7 points for a team.

By combining teaser and round robin bets, you can create "teaser parlays" with better odds of hitting. More ways to win!

Focusing on Correlated Teams

Correlated betting involves targeting teams/results where the outcomes are related.

Examples:

• Betting both the over and a team‘s star QB props in the same game. If he plays well, it feeds into both.

• Taking one team‘s moneyline and their opponent‘s under. If they shut down their opponent, it helps both bets.

Look for natural correlations between your round robin team/bet selections to increase consistency.

Arbitrage Betting

With arbitrage betting, you look for differing odds at various sportsbooks and make wagers that guarantee you a profit.

This works with round robin bets. By finding discrepancies between books, you can create guaranteed winning parlays!

Doing this at scale requires software to identify arbs. But something to keep in mind.

Ok, let‘s wrap things up…

Final Thoughts on By 2‘s Round Robin Betting

We‘ve covered a ton of ground here. Let‘s recap the key points:

• A "by 2‘s" round robin involves placing every 2-team parlay combination from your list of picks.

• Compared to a parlay, round robins provide more chances to win. But require a larger upfront investment.

• Have at least 5-6 teams and bet conservatively with your most confident picks.

• Use betting calculators to model your round robin before placing.

• Advanced strategies like hedging and teasers can optimize your betting.

• For seasoned vets, round robins can be a profitable betting method.

While complex, "by 2‘s" round robin wagers are a fun strategic betting option when used properly. I hope this guide has you feeling like a round robin expert now!

Let me know if you have any other sports betting questions. I‘m always happy to help break down tactics and strategy for sports investing.

Thanks for reading! Please subscribe if you want to see more content like this.

Your friend,
Terry