What’s a Trixie Bet in Horse Racing?
December 17, 2018
While casinos can be said to dominate the online gambling industry while accounting for an estimated 56% of the nation’s GGY, it continues to battle with sports betting for overall supremacy. After all, sports betting generates an estimated 37.1% of the online GGY, and remains a key driver of offline gambling in bookmakers nationwide. One of the main reasons for the popularity of sports betting is its diverse nature, which includes a large number of disciplines and a growing range of traditional and in-play markets. There’s also a deceptively large number of bets available to punters both on and offline, including the relatively obscure Trixie wager. But what exactly is a Trixie bet, and where is it best utilised?
Breaking Down a Trixie Bet
A ‘Trixie bet’ strikes the unusual balance of being both popular and obscure in the sports betting market; while it’s widely used by seasoned gamblers, it’s relatively unknown among casuals.
It’s most commonly used in horse racing betting, and is referred to in many instances as a full cover wager. This is because it offer punters full coverage on all combinations of multiples when three selections are included on a particular betslip.
Interestingly, a Trixie comes from the family of full cover bets that do not include singles. This means that this three selection wager will include a total of four bets, consisting of three doubles and one treble. More specifically, it’s a treble bet to which three doubles have been added, which offers the advantage of generating a return even if one selection fails to deliver a win.
In this respect, a Trixie wager enables punters to hedge their bets and pursue lower but more reliable returns, rather than staking all of their cash on a risky but large value win. This is why it’s so popular among seasoned and regular gamblers, who tend to take calculated risks and strive to increase the returns over a sustained period of time.
However, while you may not need all of your selections to romp home for your Trixie bet to be successful, a minimum of two winners are required to achieve some kind of return. This is an important point to keep in mind, especially in terms of the selections that you pick and how your wager is informed.
How Does a Trixie Bet Work?
In many ways, a Trixie is a precursor to a Patent Bet, which is another iteration of a full cover wager that’s built from three selections.
The difference here is that the Patent only takes three single wagers into consideration, restricting your chances of winning and generating a return in the process.
To see how this works, let’s consider a basic example of a Trixie bet. In this instance, you’ll place a straight-up, £2 bet that selects three potential winners from different races, at respective odds of 4/1, 7/1 and 10/1.
Under the terms of a Trixie, this equates to a total of four bets, and you can either lay down a combined stake or an individual stake per wager. This will have a dramatic impact on your potential returns, with the former staking £2 in total (£0.50 per race) in the pursuit of a maximum payout of £311.50.
In contrast, the latter stakes a total of £8 (£2 per bet), and this has the potential to deliver a return of £1,246 in the event that all three selections come in.
Clearly, the precise value of your return will vary depending on how many of your selections are successful, along with the nature and the value of your stake. With this in mind, we’d recommend that you use online Trixie bet calculators to experiment with different selections and total stake, as this can inform your decisions and translate into a greater chance of success.
The Last Word
Ultimately, the appeal of a Trixie bet lies in its ability to create additional wagers and increase your chances of achieving a viable return, rather than relying on three straight and unflinching singles.
This type of wager is also relatively complex in comparison with straight single bets, so it’s important that you compare the market thoroughly and make informed selections before laying down your hard-earned cash.
Once you’ve mastered this type of wager, you can use them to enjoy more sustainable returns over a longer period of time.