A round robin bet gets it’s 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. 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.
Which Betting Company Offers Round Robin Bet?
All major bookmakers will accept Round Robin bets. If you go into a high street bookmakers, such as William Hill, you will find special betting slips that are easy to fill in and are especially designed for round robin bets.
Unfortunately online bookmakers do not offer this service and tend to offer only trixie and patent bets as a multiple option. You can read all about the trixie bet and Patent bet at the bottom of this page.
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 is a single stakes about 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 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 in to a trixie or patent. You can read how these types of bets are made up from the buttons below.