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
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