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A Trixie is a type of multiple bet consisting of four bets on three selections that includes three doubles and a treble. Although traditionally favoured in horse racing and greyhound racing it has become increasingly popular in football betting.
As well as the potential return, the attraction of a Trixie bet is that only a minimum of two of the four bets has to be successful to be a winner.
Trixie bets give horse racing bettors more chance of a lucrative return for a relatively small stake. But with multiple bets being so prevalent in football the Trixie has also become a popular choice.
An example of a Trixie football bet would be three different players all selected as first goal scorers in their respective matches. The bet works as four separate bets but only two of the three doubles and one treble need to be successful. Because of this, many bettors will use a ‘banker’, with very low odds, as one of the selections to form the basis of the bet. There are no single bets in a Trixie.
If all the four bets of a Trixie do win then the return can be much larger than the original stake but even just two of the bets winning can result in a satisfactory return. This hedging of bets can seem like a good idea where a more reliable return is favoured over a larger single win.
To work out how much exactly can be won with this type of bet many betting sites will have a Trixie calculator to show potential returns.
In 2013 one lucky winner got £21,360 back from a £20 trixie bet on Sunderland, Manchester United and Newcastle all to win 1-0.