What is the meaning of "round robin" on FanDuel?

On FanDuel, "round robin" refers to a type of sports betting that allows one to create multiple parlay bets from a larger list of matchups or events. Instead of placing a bet on a single event, a round robin combines three or more selections into smaller parlays covering all possible combinations. For example, if one chooses four teams, A, B, C, and D, the round robin would create parlays such as A+B, A+C, A+D, B+C, B+D, and C+D. By using the round robin option, bettors can mitigate risk while still maintaining the potential for a higher payout than making individual bets. It's a strategic way to spread out wagers without having to rely on just one outcome for a return.