If you are looking to increase your returns from your horse racing bets, a Trixie bet is
one option. You 🏀 make three selections and two of them have to come in for you to win
any money. If you accurately 🏀 pick three winners, the bet’s treble component can
significantly boost your returns.
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How
does a Trixie bet work?
The four bets 🏀 of a Trixie cover your three selections as
follows:
Why should I place a Trixie bet?
If you think you have identified 🏀 three viable
winning selections, a Trixie bet is a smart way to maximise your returns through
doubles and trebles.
This type 🏀 of bet is a solid option to consider ahead of Glorious
Goodwood where there are a whole host of races 🏀 from which to choose across five
days.
Trixie bets are especially beneficial if you are backing short-odds options that
are not 🏀 likely to yield significant returns on single bets. Through these, you can
concentrate your stake on multiple bets that may 🏀 yield higher winnings if
successful.
Does a Trixie bet have any drawbacks?
A minor negative with a Trixie is
that all four 🏀 of your bets must have the exact same stake – you cannot place more money
on a particular double or 🏀 the treble.
If you would like to place a different amount of
money on each bet, you can add all your 🏀 selections to your betslip and stake more on
the bets that include your best chances and less on the ones 🏀 featuring your less
confident picks.
How to work out Trixie bet winnings
It is easy to work out your Trixie
bet winnings 🏀 through a Trixie bet calculator, but for those who want to fully
understand how their returns are calculated it’s simple.
If 🏀 you’re using fractional
odds convert them into decimal odds by dividing the top number by the second and adding
one. 🏀 (For example, 2/1 becomes 3.0, and 9/4 becomes 3.25.)
Doubles: selection 1 odds x
selection 2 odds = return (including stake)
Treble: 🏀 selection one x selection two x
selection three = return (including stake) How does an each-way Trixie work?
In an
each-way 🏀 Trixie, all the bets are each-way. This means there is double the amount of
bets, eight, and double the stake 🏀 of a standard Trixie.
You will therefore make a
return if two of the three horses you have backed place and 🏀 they do not have to win.
With plenty of choice and value to be found during Glorious Goodwood, it could 🏀 be
worthwhile placing an each-way Trixie with higher-priced selections.
Bookies generally
pay around 1/5 of the win odds for the place 🏀 part of racing each-way bets. As such a £1
each-way bet (costing £2) on a 5/1 horse would pay out 🏀 at Evens if your horse placed,
meaning your return would be your £1 profit, plus the returned £1 stake for 🏀 the winning
place bet.
With this in mind, it makes sense to include mainly selections for which the
each-way place payout 🏀 will be more than your original stake.
What is the difference
between a Trixie and a Patent?
A Patent bet is very 🏀 similar to a Trixie as you will be
making three selections.
However, the main difference is that a Patent includes seven
🏀 bets rather than three as you will also be placing single bets on all three
selections.
A Patent bet may be 🏀 better if all the horses you want to back have odds
that are large enough to make single bets worthwhile. 🏀 A Patent including only 8/11
shots will only provide a very small return on your stake for each of the 🏀 single
bets.
A Trixie saves you the stake from the three single bets, potentially allowing you
to place a higher unit 🏀 stake across three doubles and a treble.
For a full explainer on
how a Patent bet works, view our guide here.
Find 🏀 out more about horse racing
betting
Visit our horse racing betting section for more straightforward guides to
betting on racing including:
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predictions?
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