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Does round robin guarantee a win?

How Does a Round Robin Bet Work? This type of wager works like a parlay, where the odds of several outcomes are combined into one wager. To place a round robin parlay, you choose 3-14 different selections and cover all win doubles. Therefore only two of your selections need to win to guarantee a payout.

us-odds.com - Round Robin Bet Guide - How to Play Them - US Odds

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Make Your Bookie Cry And Pull The Hair By Generating $23,187

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Example of a Round Robin

This round robin consists of three doubles: Tampa & Buffalo, Tampa & Ottawa, and Buffalo & Ottawa. If one of your choices loses, you still make a profit. To place this wager, you click on your chosen moneyline bets and add them to your bet slip. Once you’ve picked at least three results and chosen your stakes, you’ll be able to view the potential payout. The simple version of this bet is choosing three outcomes. However, by picking more selections you can increase the number of double bets you have. You can also make a bet containing multiple parlay wagers. A parlay is a bet where each leg must come in in order for it to win.

Example of a Round Robin Parlay

Parlay #1

Tampa Bay Buccaneers +145

Buffalo Bills +140

Parlay #2

Philadelphia Flyers +120

Montreal Canadiens -140

Parlay #3

NY Knicks +170

Utah Jazz -275

Here, you make three doubles: Parlay #1 & Parlay #2, Parlay #1 & Parlay #3, and Parlay #2 & Parlay #3. Only two parlays need to come in for you to win a round robin parlay.

What is a Yankee Round Robin Bet?

A Yankee is a popular type of wager containing 11 bets on just 4 selections:

6 doubles

4 trebles

1 four-fold

Imagine you set your Yankee stake at $1. Your total stake would therefore be $11 and the more correct picks you make, the bigger your payout:

2 correct picks: 1 double wins

3 correct picks: 3 double wins & 1 treble

4 correct picks: 6 double wins, 4 trebles, & 1 four-fold

Is Round Robin a Good Bet?

As a novice sports gambler, a round robin bet is a great jumping off point. You can minimize the risk by covering all bases and come out a winner even if one of your selections loses. Plus, you can choose from hundreds of betting lines and betting odds when you fill your bet slip. Include an individual parlay, a 2-team parlay, or go for point spreads when you construct your round robin. We advise you to start things off easy by picking just 3 selections. Once you’re comfortable with the betting odds, start including more selections. You can also experiment with variations of the Yankee, and the Lucky 15 is an exciting wager consisting of 15 separate wagers from 4 selections. For instance, you can cover the 6 doubles, 4 trebles, 1 four-fold, and 4 single bets. There are many good sports betting strategies and whether you’re an expert on NFL, NBA, or overseas soccer leagues, you’ll find enough picks to include in your round robin bet. The beauty of this type of wager is that you can use any sports and all types of wagers. Discover more ways to gamble in our comprehensive betting guides right here.

Betting Sites For Round Robin Bets

All in all, a round robin bet is a great way to cover multiple outcomes and help minimize your risk. Whether you’re including high-risk NBA selections or betting the Dallas Cowboys or Manchester United, you have a huge choice of wagers available. You can find the top betting sites that accept round robin bets from our list of online sportsbooks. All of these sites are regulated in the US and are 100-percent trustworthy. Sign up, make your first deposit and earn a welcome bonus. You can even earn free bets to use how you like!

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What amount of money triggers IRS?

$10,000 Federal law requires a person to report cash transactions of more than $10,000 to the IRS.

irs.gov - Here's what people should know about reporting cash payments - IRS

IRS Tax Tip 2019-49, April 29, 2019

Federal law requires a person to report cash transactions of more than $10,000 to the IRS. Here are some facts about reporting these payments.

Who’s covered

For purposes of cash payments, a “person” is defined as an individual, company, corporation, partnership, association, trust or estate. For example:

Dealers of jewelry, furniture, boats, aircraft, automobiles, art, rugs and antiques

Pawnbrokers

Attorneys

Real estate brokers

Insurance companies

Travel agencies

How to report

People report the payment by filing Form 8300, Report of Cash Payments Over $10,000 Received in a Trade or BusinessPDF. A person can file Form 8300 electronically using the Financial Crimes Enforcement Network’s BSA E-Filing System. E-filing is free, quick and secure. Filers will receive an electronic acknowledgement of each form they file. Those who prefer to mail Form 8300 can send it to the IRS at the address listed on the form.

What’s cash

Cash includes coins and currency of the United States or any foreign country. For some transactionsPDF, it’s also a cashier’s check, bank draft, traveler’s check or money order with a face amount of $10,000 or less.

A person must report cash of more than $10,000 they received:

In one lump sum

In two or more related payments within 24 hours

As part of a single transaction within 12 months

As part of two or more related transactions within 12 months

When to file

A person must file Form 8300 within 15 days after the date they received the cash. If they receive payments toward a single transaction or two or more related transactions, they file when the total amount paid exceeds $10,000.

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