Horse Racing TRIFECTA Bets In the classic Trifecta bet you nominate the three horses to come first, second and third with their specific ranks. Because it includes three horses and their precise order in the first three, this is a complicated bet even for the experienced punter. Just one horse out of place ends your chances of winning on the race. How Does Trifecta Betting Work in Horse Racing Trifecta betting in horse racing is when you select three horses from a single racing event and predict which of the three horses will finish in first, second, and third position. Trifecta Box Bet A common way to play a Trifecta is to box three horses. A $1 box using #1,#2, and #3 would cost $6. The three horses you selected must finish in the top three spots for you to win. A successful $2 trifecta bet on the 2009 Kentucky Derby returned a huge $41,500! Making a Trifecta Bet Online. You don't have to be at the track to place a bet on horse racing in the United States. Betting on horse races online is legal in most states.
If you are betting on horse racing, you should know how to place a Trifecta. This wage is hard to get right, but has big profit potential. Trifecta Betting is popular because even a small wager can have a big payoff due to the difficulty of correctly selecting the top 3 finishers. It’s one of the best ways to win big without putting a lot of money at risk.
What Is A Trifecta Bet?
A Trifecta Bet is when the bettor selects the first, second, and third places finishers in exact order. If they finish in the correct order you win, and you can win big! If those exact horses don’t finish the race in that exact order, the bet is lost.
Different Types of Trifecta Bets
There are four different types of Trifecta Bets you can place, a straight, key, box, or wheel. Even the most seasoned bettors don’t always understand how each work. Let us break each one down:
Straight Trifecta Horse Racing Betting
This is the simplest type of Trifecta Bet. It’s a single wager where you pick exactly three horses and decide the exact order you think they will finish in. That’s it. The horses MUST finish for you to win. This is not a very forgiving bet, but when you risk high, you can win big.
Trifecta Box Horse Racing Betting
A Trifecta box can also be known as a reverse triactor or a combination tricast. In this bet, you choose the top three horses, but they can finish in any order. This makes it easier to win, but it comes at a cost. It’s a multiple wager, which means you’re clearly much more likely to get a win here but you have to pay for each combination of your chosen horses. A Trifecta box on three selections costs $12 instead of $2 for the straight Trifecta. A Trifecta box can cover more than three horses. But the increase in possible combinations increases the cost. With four horses, for example, there are 24 possible combinations. The cost to cover them all is $48.
Trifecta Key Box Horse Racing Betting
This bet is a good one when you have confidence in one of your picks, but you’re unsure about the others. So you choose one “key” selection and other “non-key” selections. The Trifecta Key box keeps the total cost lower, while allowing you to bet on your key players. For example, you can bet on the first and third place finishers and choose one or more other horses to fill in the second place spot.
Trifecta Wheel Horse Racing Betting
A Trifecta wheel is where you pick one horse to finish in a specific position, and back all possible combinations with the rest of the field. You pay for each possible combination, which depends on how many horses are taking part in the race. As long as your winner wins, you win; but you’re relying on one horse to win the race. You can opt for a part wheel Trifecta, which means you pick one horse to finish first, and then pick a select number of horses that will finish second and third. Win place and show pisgah. Here, you’re only covering less possible combinations, so you’ve reduced your overall chances of winning but you’re being much more efficient with your money.
What is the Minimum Stake on a Trifecta Bet?
The minimum betting amount for a Trifecta Bet both online and at the track is $0.50 or $1. These bets are very popular, because they are a low cost bet. Of course, the larger the field, the larger the payout.
How To Calculate the Payout for An Exacta Bet
Trifectas are a form of pari-mutuel wagering which means that payouts are calculated based on the share of a betting pool. A new pool is created for each race. The bigger the pool, the bigger the payout if you win. Here’s a basic example of how this works.
10,000 $1 Trifecta tickets are sold for a race
The betting pool is $10,000 (10,000 x $1)
There are 100 tickets with the correct finishing order of the first three horses.
Each ticket receives a payout of $100 ($10,000 / 100)
In a real betting situation, you also have to factor in that not all bets are $1 and the track will take their cut before the prize pool is calculated, so there are additional payouts to consider. However, don’t let that worry you. Trifecta Bets can still give huge returns.
Trifecta Bet Calculator
Each type of Trifecta Bet is calculated a bit differently, which is why it’s important to know how much money you’re putting in based on the risks involved. Let’s look at how to calculate the costs of a Trifecta Bet.
$1 Trifecta Key Costs: To figure the cost of a Trifecta Key, use this simple equation: $ x Number of horses x number of horses minus one.
For example, a $1 Trifecta Key 1 with 2,3,4,5 would be 1 x 4 x 3 = 12 possible combinations costing you $12.
$1 with 2,3,4: $6
Trifecta Part Wheel Costs: Multiply the number of horses used on top or the win position of the exacta with the number of horses used in the second position (less one if the same number is used on top in the exacta).
# of horses in the first position x # of horses in the second position minus 1 x # of horses in the third position minus 2.
For example, a $1 Trifecta Part Wheel 1 with 2,3,4 with 2,3,4,5 = 1 x 3 x 3 = $9 (9 possible combinations)
Trifecta Box Costs: To figure the cost here simply multiply the number of horses used by the number of horses used less one.
$1 Trifecta Box with three horses: $6 (6 possible combinations)
$1 Trifecta Box with four horses: $24 (24 possible combinations)
$1 Trifecta Box with five horses: $60 (60 possible combinations)
The more horses you add to an Exacta Bet, the more likely you are to lose money in the end. If you bet on 8 horses, you have more chances of winning, but you would be lucky to make $30, resulting in a loss of nearly $650. For this reason, Exacta Box horse racing betting is generally best left to experienced handicappers, or those who employ the services of a veteran handicapper.
Of course, the track will take out its portion before the prize pool is calculated so the payout wouldn’t be exactly $120. But still, a $100 return on a $2 bet is amazing odds.
Online Horse Wagering Sites
Whether it’s a huge race or an unexpected win, an Exacta payout usually gives a decent return, which is why it’s one of the most popular bets.
How To Bet A Superfecta In Horse Racing
And They’re Off!
You can place Trifecta Bets at any racetrack or off-track betting bureau. At the track, you simply complete a betting slip or you can just request your selection verbally at the counter. If you’re not sure what to do, just ask a member of staff for some assistance. If you’re still a little unsure about how to place your bets or where to put your money, don’t worry. You’re not the first person to need a bit of help, which is why AmWager is here.
Horse betting can be an intimidating endeavor until you get used to the wagers, lingo, and payouts. AmWager has an easy to use online betting platform anyone can use to place their bets. Check it out and try your hand with the horses, it might be the one step to your next lucky break.
What Is A Trifecta Wheel In Horse Racing and Sports Betting? by Doc's Sports - 10/13/2014
How To Bet A Trifecta In Horse Racing
To understand what a trifecta wheel is in horse racing and sports betting we first obviously need to understand what a trifecta is. Luckily, that’s simple - a trifecta is a bet you can make where you bet on the horses that will finish first, second and third in a race. In order to have a winning bet you not only have to pick the correct three horses, but also correctly pick the order in which they will finish. Because it involves three horses the trifecta is more difficult to win than a win bet or an exacta, so it usually has a much more attractive payoff as a result. Because of that a lot of bettors find the trifecta to be a very useful tool in their betting arsenal. It can, for example, be good to use when bettors really like a heavy favorite and are looking for a way to get a better return than a win bet will offer, or when a bettor really likes a longer shot in a field, and is looking to maximize their return if that horse performs to their expectations.
Simple math can tell us why the trifecta can be tough to win, though. In an eight horse field, for example, there are 336 different combinations in which horses could finish first, second and third. Only one of those 336 combination will be the correct one, and you have to pick that one, and not the other 335, to get a return on your bet. That’s tough. One way to make it a little easier is to bet on more than one combination. Luckily, the trifecta often pays enough that you can afford to bet several combinations knowing that you are guaranteed to have made some losing bets even if you win.
How To Bet On A Trifecta
If you want to bet a whole bunch of combinations you can always just buy a bunch of individual tickets. If you have a lot of different horses involved, though, then that can get very confusing. You could use a trifecta box, which takes a group of horses and bets them in every possible combination. That can get expensive, though, and can sometimes be like using a sledgehammer. When you want to bet a lot of combinations but be more delicate - and manage your costs better to maximize your shot at a long term profit - then a trifecta wheel could be a better choice.
When you are betting a trifecta wheel you bet different combinations of horses to finish first, second and third in a race. The easiest way to understand is with an example. Let’s say that there is an eight horse field. You really like the favorite to win, and there are four other horses that you think will make up the rest of the trifecta. Betting a box with those five horse would cost $60 for a $1 trifecta. Instead, you could bet a wheel where you bet the favorite to win, and the other four horses to finish second and third. The cost of that would be just $12.
Wheels can effectively be used when you have a strong opinion about one horse, and can’t differentiate the rest. You could bet a 1-ALL-ALL trifecta where if the favorite wins you have every possible combination covered. If longer priced horses come in then that could pay better than a win bet on the favorite would. That approach was useful both in the Preakness and the Belmont in 2015 as American Pharoah was en route to his Triple Crown victory, for example.
Trifecta Wheel Betting
When you are betting a trifecta wheel you need to be very aware of the cost of the bets. If you involve too many combinations then the cost can be higher than the likely payoff, and you could find yourself losing money despite winning the bet. There is no worse feeling.
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