A Trixie bet consists of three different selections and four bets: three doubles and a treble.
The Trixie bet is another example of what is termed a “full cover” bet due to the fact that each of your selections appears in two doubles and the treble.
It is an identical bet to a Patent, but without the three single bet selections. This lessens your initial outlay but also your chances of generating a return when compared with a Patent. Similarly, a Trixie is the same principle as a Yankee, but with one fewer selection.
The simplest way to think of a Trixie is perhaps to think of it as a treble bet, to which your three doubles have been added. This is useful as the main advantage of a Trixie bet is the potential to multiply your winnings manifold for a relatively small initial outlay (just four bets in total) whilst guaranteeing a return if two of your selections meet with success.
Let’s consider a simplified Trixie bet example. In this case, let’s presume the three horses (though of course this could be based on any sport) are priced at 2-1, 3-1 and 4-1 respectively and all three are winners. Let’s also assume that your bet is a £1 Trixie, so your overall initial outlay is £4.
So, to calculate your winnings, you have three successful double bets as follows: the 2-1 and 3-1 horse, the 2-1 and 4-1 horse and the 3-1 and 4-1 horse. Your returns for each of these successful double bets are £12, £15 and £20 respectively. The treble, meanwhile, pays out £60, so your total return for your £4 stake is £107. So, you can quickly see how a successful Trixie can multiply your winnings. Unlike a Patent, however, you need at least two of your three selections to be successful to generate any kind of return and those returns are dependent on the odds obviously.
Remember, too, that you can opt to do an each-way Trixie. This is twice the number of bets as each bet is a win and place wager. But it’s often this kind of more conservative approach that appeals to the steadier players amongst us. So, to go back to our three horses example, let’s presume this time that each horse was pipped narrowly to the post in second. In this scenario, assuming the places paid out ¼ the odds, your total return would be £14.38 – still not a bad return.