When geodesic equations are formulated in terms of an effective potential , circular orbits are characterised by . In this paper we consider the case where is an algebraic function. Then the condition for circular orbits defines an -discriminantal variety. A theorem by Rojas and Rusek, suitably interpreted in the context of effective potentials, gives a precise criteria for certain types of spacetimes to contain at most two branches of light rings (null circular orbits), where one is stable and the other one unstable. We identify a few classes of static, spherically-symmetric spacetimes for which these two branches occur and show that the spacetimes with non-degenerate horizons do not have stable light rings.

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