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So, how is a 'scalp' trade actually executed? In order to successfully complete your first scalp, all you need to do is place two opposing bets against each other. Usually one or two tick increments apart. Once they're both fully matched we can use our betting software to lock in a profit, otherwise known as 'hedging'.

Betfair's scalping strategy is based on opening multiple positions and closing them with a small profit. In a scalping strategy, the trader tries to catch small price movements and make money from them. You are supposed to place two bets in quick succession and then make profits from the gap between these trades.

A round robin (RR) is simply a nickname for a type of parlay wagering strategy. You take a group of three or more selections and put them in combinations of individual parlays. You could enter these parlays individually yourself, but a lot of sportsbooks allow you to select a round-robin option and do it automatically.

A round-robin tournament (or all-go-away-tournament) is a competition in which each contestant meets every other participant, usually in turn. A round-robin contrasts with an elimination tournament, in which participants/teams are eliminated after a certain number of losses.