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If you are looking to increase your returns from your horse racing bets, a Trixie bet is one option. You 8️⃣ make three selections and two of them have to come in for you to win any money. If you accurately 8️⃣ pick three winners, the bet’s treble component can significantly boost your returns.
Want to place a Glorious Goodwood trixie bet?
Check out 8️⃣ this offer:
Find all the best Glorious Goodwood free bets for the 2024 meeting.
How does a Trixie bet work?
The four bets 8️⃣ of a Trixie cover your three selections as follows:
Why should I place a Trixie bet?
If you think you have identified 8️⃣ three viable winning selections, a Trixie bet is a smart way to maximise your returns through doubles and trebles.
This type 8️⃣ of bet is a solid option to consider ahead of Glorious Goodwood where there are a whole host of races 8️⃣ from which to choose across five days.
Trixie bets are especially beneficial if you are backing short-odds options that are not 8️⃣ likely to yield significant returns on single bets. Through these, you can concentrate your stake on multiple bets that may 8️⃣ yield higher winnings if successful.
Does a Trixie bet have any drawbacks?
A minor negative with a Trixie is that all four 8️⃣ of your bets must have the exact same stake – you cannot place more money on a particular double or 8️⃣ the treble.
If you would like to place a different amount of money on each bet, you can add all your 8️⃣ selections to your betslip and stake more on the bets that include your best chances and less on the ones 8️⃣ featuring your less confident picks.
How to work out Trixie bet winnings
It is easy to work out your Trixie bet winnings 8️⃣ through a Trixie bet calculator, but for those who want to fully understand how their returns are calculated it’s simple.
If 8️⃣ you’re using fractional odds convert them into decimal odds by dividing the top number by the second and adding one. 8️⃣ (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: 8️⃣ selection one x selection two x selection three = return (including stake) How does an each-way Trixie work?
In an each-way 8️⃣ Trixie, all the bets are each-way. This means there is double the amount of bets, eight, and double the stake 8️⃣ of a standard Trixie.
You will therefore make a return if two of the three horses you have backed place and 8️⃣ they do not have to win. With plenty of choice and value to be found during Glorious Goodwood, it could 8️⃣ be worthwhile placing an each-way Trixie with higher-priced selections.
Bookies generally pay around 1/5 of the win odds for the place 8️⃣ part of racing each-way bets. As such a £1 each-way bet (costing £2) on a 5/1 horse would pay out 8️⃣ at Evens if your horse placed, meaning your return would be your £1 profit, plus the returned £1 stake for 8️⃣ the winning place bet.
With this in mind, it makes sense to include mainly selections for which the each-way place payout 8️⃣ will be more than your original stake.
What is the difference between a Trixie and a Patent?
A Patent bet is very 8️⃣ similar to a Trixie as you will be making three selections.
However, the main difference is that a Patent includes seven 8️⃣ bets rather than three as you will also be placing single bets on all three selections.
A Patent bet may be 8️⃣ better if all the horses you want to back have odds that are large enough to make single bets worthwhile. 8️⃣ A Patent including only 8/11 shots will only provide a very small return on your stake for each of the 8️⃣ single bets.
A Trixie saves you the stake from the three single bets, potentially allowing you to place a higher unit 8️⃣ stake across three doubles and a treble.
For a full explainer on how a Patent bet works, view our guide here.
Find 8️⃣ out more about horse racing betting
Visit our horse racing betting section for more straightforward guides to betting on racing including:
Looking 8️⃣ for expert racing pointers and football predictions?
Find free horse racing pointers every day, as well as regular football betting tips.
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