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What Are Trixie Bets?

Trixie bets are a useful combination of bets that can be used by those who want to lengthen the odds on multiple bets. This bet is commonly used by bettors who place wagers on horseracing, specifically on which horses will win the race. To form a Trixie bet, the bettor needs to pick the winner of 3 different races. Trixie bets are split into three doubles bets and one treble bet, where the doubles are bets on horses 1+2, 2+3 and 1+3, and the treble is a bet on all three horses to win.

To place a $1 Trixie bet, the bettor must stake $4, which is split across the 4 bets (3 doubles and 1 treble) in bets of $1.

For an example, a bettor may pick out 3 different horses to win, we can call these horse A, horse B and horse C:

Horse A to win at odds 3.5
Horse B to win at odds 4.1
Horse C to win at odds 4.5

In this scenario, the doubles bets will bring returns of: $14.35 (Horses A+B) + $15.75 (Horses A+C) + $18.45 (Horses B+C)

The treble bet will bring returns of $64.575

If all three horses win, this brings winnings of $113.125 from a mere stake of $4. To provide some perspective, if the punter placed the same stake of $4 in three individual bets of $1.33 on each horse, the winnings would be $4.655 + $5.453 + $5.985, for a total of $16.093. The margin of profit that the Trixie bet has over the individual bets is huge, which makes it a very popular option.

What If One Horse Loses?

If one of the horses lose, the treble bet in the Trixie will be cancelled out, as well as 2 of the doubles bets. This means that only 1 doubles bet will remain out of the 4 original bets.

If horse A from the previous scenario lost, it would mean that only the double on horses B+C would win. This is not terrible for the bettor, as they can still pocket $18.45 from an original stake of only $4. If horse A lost and the punter had tried using individual bets, they would win only $11.438.

If two of the horses lose, the Trixie bet is lost and then the punter does not receive any returns.

What Are Each-Way Trixie Bets?

Horseracing is not easy to predict, even for punters and fans who have watched many races and have success in betting, predicting which horse will finish first can be difficult. For those who want to try bets that have less risk, there are each way bets as well. These are bets on whether the horse will win or place. To place in a horse race is to finish the race in one of the places, in most races there are 3 places, but there are races that have more or less. The places depend on the grade of the horse race and how many horses are competing and this information can usually be found in the description of the race.

Each way bets are two bets in one, where the bettor places their money on one of the horses to win or to finish in the places. This allows punters the chance to receive some returns in case their horse places. It is important to check the odds as sometimes these returns are at the same value of both bets, but they can also offer smaller portions of the value of both bets.

Each-way Trixie bets are basically the same as Trixie bets, only the bettor can place each-way bets instead of bets on which horses will win. There will be double as many bets, meaning that the betting amount will be double that of a regular Trixie bet. Instead of placing $4 for four $1 bets, the bettor needs to place $8 to place $1 on each of the 8 bets.

The advantage of this is that if one of the picks fails to win but still places, then there will still be returns from each of the bets. It is important to observe how much the bet offers for place bets, as if they only offer a portion of the stake back, then it may hugely affect the potential winnings if one of the horses were to place. It will offer more money than a simple Trixie bet would offer in the same scenario, but punters have to remember that the initial stake is doubled.

In the situation where there are each-way bets that offer large enough returns from a place, it may be more worthwhile to pursue each-way Trixie bets.

Why Chose Trixie Bets

Trixie bets are a useful alternative to placing parlays or multiple individual bets. Punters can use them on bets with lower odds that have a higher chance of winning to create larger payouts if they win. Trixie bets can also be used for more daring bettors who place a smaller sum of money and look for bets with longer odds.

In the event that one of the bets loses, the Trixie bet still pays well, meaning that as long as the bettor does not have the misfortune to place three losing bets, they will be onto some good winnings with Trixie bets.