A round-robin bet gets its name from the round-robin style of tournament. A “Round Robin” is an old fashioned term used to describe a sports event in which every team plays every other team.
There are two different descriptions for a Round Robin bet, please select your region below.
UK & Europe
USA & Canada
Most football (soccer) leagues around the world are organised in a “double round-robin” format, as each team plays every other team twice. Once at home, and once away.
The term is thought to derive from the French phrase “rond ruban” – a petition written in a circle on a piece of ribbon. The circle meant that it wasn’t possible to work out who signed the petition first, or last.
In the UK, this became “Round Robin”, meaning something in which no one was given an advantage or disadvantage.
In betting terms, a round-robin is a bet consisting of ten bets on three events: three up and down single stakes about pairs, three doubles and one accumulator.
Round Robin Bets – USA & Canada
The term Round Robin ahs two different meanings depending on where you are in the world. If you are in the UK or Europe then this is a specific type of bet that can be placed on multiple results, but this is not the case in the US or Canada.
Open up a sports betting app in Canada or selected US states where betting is allowed and you will find a tab on your betslip for “round-robin”. This is where you will find all the various multiple bet options. To do this you need to have at least 3 selections in your betslip and the various options will be available. Adding more selections means that different options come available. See the example below from the Sugar House app (New Jersey), you can find the round-robin options in the top left of the betslip.
Around the world, these are all called different things. In the UK these are all known as multiple bets. On Australian betting apps these are known as “Exotics”.
Round Robin (UK) Bet Example
All major bookmakers will accept Round Robin bets. If you go to any betting app, such as the William Hill App, you will find special betting slips that are easy to fill in and are specially designed for round-robin bets.
A typical round robin bet (in this example, horse racing) is constructed as follows:
3.10 Chepstow – King of Clubs @ 4/1
3.45 Market Rasen – Mulberry Hill @ 5/2
4.05 Newmarket – White Walt @ 10/3
Say if you were to place three separate ten-pound bets on each horse, and they all won, then you win (10 x 4/1 = £50; 10 x 5/2 = £35; 10 x 10/3 = £43) £128 for a £30 stake.
If however, you had used a round-robin, you would have wagered £100 on the following bets:
Single stakes about: King of Clubs and Mulberry hill = £20 stake
Single stakes about: King of Clubs and White Walt = £20 stake
Single stakes about: Mulberry Hull and White Walt = £20 stake
Double: King of Clubs & Mulberry Hill = £10 stake
Double: Mulberry Hill & White Walt = £10 stake
Double: White Walt & King of Clubs = £10 stake
Accumulator: All horses = £10 stake
TOTAL = £1,437.67
With the three separate bets you obtained odds of (128/30) 21/5, or 4.25/1. With the round robin those odds increased to (1655/100) or 16.55/1.
What are single stakes bet?
A single stakes about is a bet that incorporates two single bets from two different events and uses winnings from the first bet (if any) to double the stake of the second bet and vice versa. So for our single bets about stake on the King of Clubs and Mulberry Hill, the £10 win on King of clubs would have paid back £50.
£40 would be retained as winnings and an extra £10 would then be placed on Mulberry Hill, meaning a £20 stake in total. When Mulberry Hill won that would have returned £70 .
Due to the fact the second event won, £10 would then be added to the initial stake of the first bet Making the second bet a £60 return. Another £10 stake on a winning 4/1 selection (King of Clubs) would then return another £50 (£40 + £10 stake back), meaning that one single stakes about bet would have returned £150 from the initial £20 outlay (£40 retained + £60 retained + £50 win)
Is Round Robin Bet Right For Me?
A round-robin bet has two aspects that make it appealing:
– If all of your selections win, you win much more than if you had just bet on each selection separately.
– if one or two of your selections lose, the whole bet does not collapse, and you will still receive some money back.
The returns can be significantly less if one selection does let you down, but this very much depends on the odds on each of your selections.
The only negative aspect of the round-robin bet is that your initial wager increases as well, by 3 1/3 times. However, if you are successful at picking winners, then betting on them in a round-robin will see you win more cash than betting on them separately so that extra outlay is often worthwhile.
The round-robin bet is an excellent little bet, especially when applied to horse racing. If you can find three horses with good odds in handicap races at meetings where the going is good or better, then it is likely to pay you more if you combine your selections into a round-robin, rather than three separate selections.
As well as the round-robin bet selection, you can also bundle up your three selections into a Trixie or patent. You can read how these types of bets are made up from the buttons below.