What is a Trixie Bet?
A Trixie Bet is a popular type of wager in the world of sports betting. It is a multiple bet that consists of four bets involving three selections in different events.
The bet includes three doubles and one treble. To gain a return from a Trixie Bet, at least two of the selections must be successful. A Trixie Bet is considered a ‘full cover’ bet as it offers full coverage on all possible combinations of multiples from the selected events.
It is a higher stake wager that potentially offers significant returns, making it a favorite among more experienced bettors.
How are the Winnings Calculated for a Trixie Bet?
The calculation of winnings for a Trixie Bet can seem complex at first, but once you understand the process, it becomes straightforward.
The total return from a Trixie Bet is the sum of the returns from the three doubles and one treble.
Let’s illustrate with an example: Suppose you place a Trixie Bet with a stake of £10 on three events, each with odds of 3/1. If all three selections win, you would calculate the return for each double and the treble, then add them together.
For each double, you would calculate as follows: £10 (your stake) * 3/1 (the odds) = £30 winnings, plus your £10 stake back, gives £40. Since there are three doubles, you would multiply £40 by 3, giving £120.
The treble is calculated similarly: £10 * 3/1 * 3/1 * 3/1 = £120 winnings, plus your £10 stake back, gives £130.
Adding the returns from the doubles and the treble together (£120 + £130), your total return would be £250.
Remember, this example assumes that all selections win. If only two selections win, only the doubles involving those two selections would return a payout. The other double and the treble would be lost.
A Trixie Bet, while requiring a higher initial stake, can result in substantial returns if two or more of the selections are successful.
