bottom round roast recipe

3-4 pound bottom round roast - 2 tablespoons olive oil - 2 teaspoons salt - 1 teaspoon black pepper - 1 teaspoon garlic powder - 1 teaspoon onion powder - 1 teaspoon dried rosemary - 1 teaspoon dried thyme - 1/2 teaspoon paprika - 1 cup beef broth - 1/2 cup red wine or additional beef broth - 2 cloves garlic, minced - 1 onion, quartered - Fresh herbs for garnish (optional)