What is a Round Robin Bet? Round Robin Bet Explained | BoyleSports
Round Robin Bet
What is a Round Robin Bet?
Due to the slightly complicated nature of the up-and-down Single Stakes About bets, you may be asking yourself ‘what is a Round Robin Bet?’. Find out here.
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A Round Robin Bet is a complete coverage combination bet based on three selections. Those selections need to be on three different events and produce 10 individual bets within the wager.
Round Robin Bets contain one treble, three doubles and three up-and-down Single Stakes About bets. The latter is a two-part bet that gives you a total of six individual bets, and is what distinguishes a Round Robin Bet from Trixie and Patent Bets.
In an up-and-down Single Stakes About bet, the stake on each selection depends on the first part of the bet winning. The first part of the bet is two single bets, each requiring their own stake. The stake on the first part of the bet is returned if either selection wins or breaks even. It’s then re-wagered on the second part of the bet. This means the stake is double on part two. If that then loses, you lose both of your stakes, but you keep the profit from the winning selection.
Due to the slightly complicated nature of the up-and-down Single Stakes About bets, you may still be asking yourself ‘what is a Round Robin Bet?’. If so, continue reading to find out more about this type of wager.
How do you make a Round Robin Bet?
Round Robin betting is easy with BoyleSports. First you need to make three selections from three different events. Taking horse racing as an example, this means picking three horses to win three different races.
After adding each horse to your betslip, scroll down the options to see all the choices for multiple bets. Simply enter your stake into the Round Robin box. Your stake will be multiplied by 10 to cover each individual bet. These bets are made up as follows:
Bet 1 – Horse 1 and Horse 2 double
Bet 2 – Horse 1 and Horse 3 double
Bet 3 – Horse 2 and Horse 3 double
Bet 4 – Horse 1, Horse 2 and Horse 3 treble
Bets 5 and 6 – Horse 1 and Horse 2 up-and-down Single Stakes About
Bets 7 and 8 – Horse 1 and Horse 3 up-and-down Single Stakes About
Bets 9 and 10 – Horse 2 and Horse 3 up-and-down Single Stakes About
In racing, you can choose to back your selections each way, meaning you’ll still receive a payout should your horses place. Each-Way Round Robin Bets double your stake and are a popular form of hedge betting to provide you with an additional layer of security.
How do you calculate a Round Robin Bet?
Still trying to figure out how does a Round Robin Bet work? It could help to see a Round Robin Bet explained in greater detail and with an example of how to calculate the returns from one. This is how to work out the odds for each leg of a horse racing Round Robin:
Double bet = Horse 1 odds x Horse 2 odds
Treble bet = Horse 1 odds x Horse 2 odds x Horse 3 odds
Up-and-down single stakes about bet = Horse 1 odds x Horse 2 odds
To get your returns from a Round Robin Bet, you need to add in the odds on each horse and your stake. Let’s say each horse is 2/1 and your stake on each individual bet is £10.
Double bet – £10 x (2/1 + 1) x (2/1 + 1) = Total return £90 / Total profit £80
Treble bet – £10 x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) = Total return £270 / Total profit £260
Up-and-down single stakes about bet – £10 x (2/1 + 1) x (2/1 + 1) + £10 = Total return £100 / Total profit £80
To calculate the total payout from a Round Robin Bet, simply add together each leg. Here we have three doubles totalling £270, a treble at £270 and three up-and-down single stakes about bets at £100. This gives you a total return of £840, which is a profit of £740 minus your £100 stake.
You can use a Round Robin calculator to save time when working out the returns on this type of bet. Simply enter the odds on each selection and your stake for instant results. You’ll also get your potential payout straightaway when you enter your stake into the Round Robin box on your online betslip.
Frequently Asked Questions
What are the advantages of a Round Robin Bet?
One of the main advantages of a Round Robin Bet is that you only need one winning selection from three to come in to achieve a return. You can also turn a profit from just one correct selection, depending on the odds. This is different to standard accumulator bets, where the whole bet loses if one leg lets you down.
What are the disadvantages of a Round Robin Bet?
The main disadvantage of a Round Robin Bet is that the stake is 10 times higher than a standard accumulator. If none of your selections come in, then you effectively lose 10 times. However, there’s security built into the bet, as only one selection needs to win to receive a payout.
In what sports can you make a Round Robin Bet?
Round Robin betting is possible in a range of sports, but it is most common in horse racing and football betting. You can also choose a Round Robin Bet when betting on different sports at once. For example, you can bet on who’s going to win the Grand National, the football World Cup and Wimbledon and combine all three picks in one Round Robin Bet.
How many bets are there in a Round Robin Bet?
A Round Robin Bet has a total of 10 individual bets. There are three doubles, a treble and three up-and-down Single Stakes About bets in a Round Robin. The up-and-down Single Stakes About bets are two-part bets, contributing six legs in total to Round Robin Bets.
How many teams are included in a Round Robin Bet?
In sports such as football, you can pick three teams to win in a Round Robin Bet. You can also back a draw in a football match. Round Robin Bets are based on three selections from three different events. They are complete coverage wagers, meaning only one selection must come in for you to receive a payout.
Can you do an Each-Way Round Robin Bet?
Yes, it’s possible to place an Each-Way Round Robin Bet in sports such as horse racing. As a popular form of hedge betting, this builds an additional layer of security into Round Robin betting. It doubles your stake, but you receive a payout should one or more of your horses only place, rather than win.
How is a Round Robin Bet different to a Parlay Bet?
The difference between a Round Robin Bet and a Parlay Bet is that you will still receive a return from a Round Robin Bet if one or two of your selections fails to win. With a Parlay Bet, your bet loses when one of your selections doesn’t come in.