The advantage of a rounder bet is that you can win a lot more than you would by placing separate singles and doubles. However, you may lose your whole stake even if you have one winner.
Example of how a rounder bet works
Say you place a rounder bet specifying a stake of £2.
This means that you’re actually staking £6, or £2 on each of three selections in different events. For example, you might choose to back a horse in each of three races.
For any selection that wins, £2 will be placed on a double consisting of the two other selections, as follows:
- if selection 1 wins, £2 is placed on a double on selections 2 and 3
- if selection 2 wins, £2 is placed on a double on selections 1 and 3
- if selection 3 wins, £2 is placed on a double on selections 1 and 2.
A rounder is a way of leveraging what you can win from comparatively small stakes. Essentially you pay for single bets but stand to win payouts from double bets, provided you have a bit of luck.
An interesting variation on the rounder is the roundabout.