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Thursday, January 13, 2005

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Sports Betting on Baseball

The Round Robin

There are many different types of wagers when it comes to sports betting, especially when taking into account the great variety of sports people love to bet on. Baseball, football, basketball, hockey, horse racing, dog racing, NASCAR racing, soccer, Jai Alai, and even badminton.

Each game has its rules. Each game is played differently. There are individual sporting events and team sports. Sports betting on each sport is governed by a different set og rules, and a different set of possible wagers.

If you are sports betting on baseball, for example, there is what is called the Round Robin.

The Round Robin is a combination of all possible two-team parlays with the teams you have chosen. The sports bettor can choose from three to six teams in a Round Robin, from which a combination of two-team parlays is played.

The maximum risk in a Round Robin is calculated by multiplying the maximum number of parlays by the money amount the sports bettor wants for each two-team parlay. The maximum win is calculated by multiplying the win of one of the parlays by the total amount of parlays.

So, for example, if you pick a five-team, three-play Round Robin, 10 three-team parlays will be created.

As you can see sports betting on baseball is easy, especially with the Round Robin play.

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