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If you are looking to increase your returns from your horse racing bets, a Trixie bet is one option. You🍇 make three selections and two of them have to come in for you to win any money. If you accurately🍇 pick three winners, the bet’s treble component can significantly boost your returns.

Want to place a Glorious Goodwood trixie bet?

Check out🍇 this offer:

Find all the best Glorious Goodwood free bets for the 2024 meeting.

How does a Trixie bet work?

The four bets🍇 of a Trixie cover your three selections as follows:

Why should I place a Trixie bet?

If you think you have identified🍇 three viable winning selections, a Trixie bet is a smart way to maximise your returns through doubles and trebles.

This type🍇 of bet is a solid option to consider ahead of Glorious Goodwood where there are a whole host of races🍇 from which to choose across five days.

Trixie bets are especially beneficial if you are backing short-odds options that are not🍇 likely to yield significant returns on single bets. Through these, you can concentrate your stake on multiple bets that may🍇 yield higher winnings if successful.

Does a Trixie bet have any drawbacks?

A minor negative with a Trixie is that all four🍇 of your bets must have the exact same stake – you cannot place more money on a particular double or🍇 the treble.

If you would like to place a different amount of money on each bet, you can add all your🍇 selections to your betslip and stake more on the bets that include your best chances and less on the ones🍇 featuring your less confident picks.

How to work out Trixie bet winnings

It is easy to work out your Trixie bet winnings🍇 through a Trixie bet calculator, but for those who want to fully understand how their returns are calculated it’s simple.

If🍇 you’re using fractional odds convert them into decimal odds by dividing the top number by the second and adding one.🍇 (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:🍇 selection one x selection two x selection three = return (including stake) How does an each-way Trixie work?

In an each-way🍇 Trixie, all the bets are each-way. This means there is double the amount of bets, eight, and double the stake🍇 of a standard Trixie.

You will therefore make a return if two of the three horses you have backed place and🍇 they do not have to win. With plenty of choice and value to be found during Glorious Goodwood, it could🍇 be worthwhile placing an each-way Trixie with higher-priced selections.

Bookies generally pay around 1/5 of the win odds for the place🍇 part of racing each-way bets. As such a £1 each-way bet (costing £2) on a 5/1 horse would pay out🍇 at Evens if your horse placed, meaning your return would be your £1 profit, plus the returned £1 stake for🍇 the winning place bet.

With this in mind, it makes sense to include mainly selections for which the each-way place payout🍇 will be more than your original stake.

What is the difference between a Trixie and a Patent?

A Patent bet is very🍇 similar to a Trixie as you will be making three selections.

However, the main difference is that a Patent includes seven🍇 bets rather than three as you will also be placing single bets on all three selections.

A Patent bet may be🍇 better if all the horses you want to back have odds that are large enough to make single bets worthwhile.🍇 A Patent including only 8/11 shots will only provide a very small return on your stake for each of the🍇 single bets.

A Trixie saves you the stake from the three single bets, potentially allowing you to place a higher unit🍇 stake across three doubles and a treble.

For a full explainer on how a Patent bet works, view our guide here.

Find🍇 out more about horse racing betting

Visit our horse racing betting section for more straightforward guides to betting on racing including:

Looking🍇 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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