The auditory system is highly sensitive to recurring patterns in the acoustic input - even in otherwise unstructured material, such as white noise or random tonal sequences. Electroencephalography (EEG) research revealed a characteristic negative potential to periodically recurring auditory patterns - a response, which has been interpreted as memory trace-related and specific, rather than as a sign of periodicity-driven entrainment. Here, we aim to disentangle these two possible contributions by investigating the influence of a periodic sound sequence's inherent temporal regularity on event-related potentials. Participants were presented continuous sequences of short tones of random pitch, with some sequences containing a recurring pattern, and asked to indicate whether they heard a repetition. Patterns were either spaced equally across the random sequence (isochronous condition) or with a temporal jitter (jittered condition), which enabled us to differentiate between event-related potentials (and thus processing operations associated with a memory trace for a repeated pattern) and the periodic nature of the repetitions. A negative recurrence-related component could be observed independently of temporal regularity, was pattern-specific, and modulated by across trial repetition of the pattern. Critically, isochronous pattern repetition induced an additional early periodicity-related positive component, which started to build up already before the pattern onset and which was elicited undampedly even when the repeated pattern was occasionally not presented. This positive component likely reflects a sensory driven entrainment process that could be the foundation of a behavioural benefit in detecting temporally regular repetitions.