Trixie Bet
What is a Trixie Bet?
A Trixie Bet is a three-way selection that creates four bets of equal value. To collect the maximum amount, all your selections must come in.WELCOME TO THE BOYLESPORTS BLOG & NEWS SITE
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Trixie Betting is possible across a number of sports, but is most popular in horse racing bets. This is because it’s a form of hedge betting to improve the probability of a winning selection, in a similar way to a Patent Bet.
If you’re wondering how does a Trixie Bet work, the amount you win depends on how many of your selections are successful and the odds of each leg. The minimum you need for a winning bet is for two selections to win, meaning one of your doubles pays out.
In order to collect the maximum amount, all your selections must come in. This means all three doubles pay out, as well as the treble.
How do you make a Trixie Bet?
To make a Trixie Bet, you first need to pick three selections for your chosen sport.Taking horse racing as an example, this means choosing three horses in three different races. Simply add your picks to your betslip as usual, then enter your stake into the Trixie option.
You’ll see this appears as Trixie (x4), because you’re staking a total of four bets - a treble and three doubles. This means your total stake will be four times the number you enter into the Trixie box.
Bet 1 – Horse 1 and Horse 2 double
Bet 2 – Horse 1 and Horse 3 double
Bet 3 – Horse 2 and Horse 3 double
Bet 4 – Horse 1, 2 and 3 treble
A standard Trixie Bet is win only, so in racing the horse you pick has to win their race. You can also choose an each way Trixie though, meaning your bet can still win if your horse places.
If you select your Trixie as an each way bet, there’s a total of eight selections. This means your total stake will be eight times the amount you choose to wager on each leg of your Trixie.
Although the stake is higher, the total maximum winnings of a successful each way Trixie are higher than a win only bet. You also gain an extra layer of protection should one of your horses fail to win their race.
How do you calculate a Trixie Bet?
To calculate the total odds of a Trixie Bet, you need to combine the odds from each of the individual selections within the bet.In a win only Trixie Bet, this means combining the odds from your three doubles and treble. Sticking with our horse racing example, you can use these calculations to work out each leg of your Trixie:
Double bet = Horse 1 odds x Horse 2 odds
Treble bet = Horse 1 odds x Horse 2 odds x Horse 3 odds
You can then add together the odds from your three doubles to the treble for your total odds. When calculating potential returns, you need to add in your stake. For ease, let’s say all three of your horses have odds of 2/1 and you’re staking £10 on each leg of your Trixie Bet.
Double bet – £10 x (2/1 + 1) x (2/1 + 1) = Total return £90 / Total profit £80
Treble bet – £10 x (2/1 + 1) x (2/1 + 1) x (2/1 + 1) = Total return £270 / Total profit £260
In order to work out your total return and profit for your Trixie Bet, simply add your three doubles to your treble. This gives you a total stake of £40, with a return of £540 and profit of £500.
Although the equations are relatively simple, they can get complex very quickly once you start throwing in different odds. To save time, you can use a Trixie calculator to do the work for you.
