A Round Robin bet is a bet which has three selections and consists of 10 legs. All three selections do not need to win for you to win money. The most common sport where a Round Robin is used is horse racing.
A Round Robin bet calculator can be used to work out the odds of each individual leg of your bet. It will also tell you the amount of potential returns if all or some of your selections are correct.
This bet is popular among fans of horse racing betting. As some runners have higher odds in some races and there is the chance to bet on them to be placed rather than just win, you can place an each way Round Robin if you wish. This is effectively two bets: a win Round Robin and a place Round Robin. A Round Robin is similar to a Patent in that it must contain three selections. However, instead of three singles, this kind of bet contains six up and down bets.
The 10 legs of a Round Robin are relatively easy to calculate. There are three doubles (A x B, A x C and B x C) and one treble (A x B x C). The most intriguing part of this bet, however, is the up and down bets. These are also known as any-to-come bets or if-cash bets.
The up and down bets are A + B, B + A, A + C, C + A, B + C and C + B. They are NOT doubles. Instead, in the instance of A + B, your unit stake is placed on selection A. If A wins, your unit stake is then placed on selection B. All winnings from selection A are safe. Similarly, with B + A, your unit stake is placed on selection B and if it wins, your unit stake is then placed on selection A with winnings from B being safe. They are slightly unusual bets, but there is the chance of winning a greater amount with less risk.
Both fractions and decimals can be used for the odds you enter into a Round Robin calculator. Some players prefer one type of odds over the other and the choice is yours. If you wish to calculate the odds for your Round Robin mentally, it is slightly easier to use digital odds.
If you choose three horses, all with odds of 2/1 (3.00) and have a base stake of £1 (total stake of £10), the potential returns on a Round Robin are:
Your total winnings in this case would be £84. Subtract your stake and it is a profit of £74.
A Round Robin betting calculator simplifies working out the odds and potential returns of your Round Robin bet in your head. It’s main advantage is that you don’t need to have all three selections correct and there are payouts for one or two winners. Discover the best sports betting sites to get the best odds on your next round robin bet.