Are you a team that wants to participate in an exempt event but doesn't want to give up home games? Are you most likely in a power conference? If so, a round-robin featuring more than five teams and focused on your home floor is your best option!
These non-bracketed events, which typically feature five or six teams and may or may not be played as a true round robin, even make life difficult for the few of us that track college basketball non-conference scheduling. In many cases, games in these events aren't labeled on schedules. In these cases, I'll first count the number of games to see if a multi-team event is a possibility.