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What is a Tricast/Tifecta bet?
A Trifecta (or Tricast cast) is defined as the correct selection of the first, second, and third place finishers across the wire in the exact order. An in-depth analysis of this is rigorously explained in this article.
It is certainly not an easy bet prediction to make, but like the Scorecast bet with team sports, it provides great rewards if done right. Read our helpful guide on "What's a scorecast bet?" if you are interested to learn more.
Important Facts to know about Tricast bet
- Exact order of selection is important.
- Tricast bet is a very advance and complex kind of bet.
- Tricast bet (Trifectas) is commonly used in horse and greyhound racing.
- Horse racing betting and greyhound racing have different criteria before tricast option is offered.
- Small amount of stake can result in a relatively large return.
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Tricast bet Explained
First thing you must know about a tricast bet before using a tricast calculator is that it is commonly used in horse and greyhound racing. Simply put, punters betting trifecta are required to make three selections to win the first, second, and third place.
Tricast bet is a form of forecast betting whose complexity sets in as it adds one extra prediction to the usual two predictions made for a forecast. When bettors make a tricast bet, what they are essentially doing is predicting the first three finishers in a single event such that they must get the first, second, and third place holders right.
Tricast bet Examples
There are conditions to be met before a tricast bet are made available for an event. In horse racing, there must be at least eight (8) runners declared in a handicap for the option of tricast to be offered, while in greyhound racing, there must be at least six (6) runners before tricast bet option is made available to punters.
There are two major types of tricast bet. There is Straight tricast and there is Combination tricast. A Straight tricast bet is basically the normal tricast bet (trifecta betting) in which the three selections must win in the order that they are written on the betting slip for punters to make return.
A Combination tricast bet requires that the selections win in any order. Combination tricast bet is discussed in more detail in the later part of this article. So make sure you you're differentiating the different type of bets in your tricast calculator of choice.
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Combination Tricast Bet
In a very simple term, a combination tricast bet means all possible tricast options that are available for bettor’s chosen selections. A combination tricast bet afford bettors the opportunity to make three selections that will come in first, second, and third place, without having to worry about the order in which these selections come in.
The tricast bet, or straight tricast bet, is a very difficult prediction because the order must be correctly predicted also. In a combination tricast, the three selections can finish in any order. To cover for this condition of not having to worry about order, a combination bet is actually six bets that cover all possible outcomes that the three selections can take. Let us illustrate with a very simple example.
With a combination tricast calculator, a bettor selects Horse 1, Horse 5, and Horse 6 to finish in the top three.
With a combination tricast bet, the six bets involved would be as follows:
- The first bet is placed on Horse 1 to finish in first place, Horse 5 to finish in second place, and Horse 6 to finish in third place;
- The second bet is placed on Horse 1 to finish in first place, Horse 6 to finish in second place and Horse 5 to finish in third place;
- The second bet is placed on Horse 5 to finish in first place, Horse 1 to finish in second place and Horse 6 to finish in third place;
- The second bet is placed on Horse 5 to finish in first place, Horse 6 to finish in second place and Horse 1 to finish in third place;
- The second bet is placed on Horse 6 to finish in first place, Horse 5 to finish in second place and Horse 1 to finish in third place;
- The second bet is placed on Horse 6 to finish in first place, Horse 1 to finish in second place and Horse 5 to finish in third place.
- While bettors placing a combination tricast do not have to worry about order, they have to worry about the original stake been multiplied by 6. This means that a $1 combination tricast bet will actually cost $6.
So be sure you choose the right option between the betting calculators and make sure you're calculating on a good combination tricast calculator.
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Advantages and Disadvantage of Tricast bet
Tricasts are mostly used in both greyhound and horse racing, the tricast bet is one of the most popular markets in the racing world but is not wholly exclusive to racing. Let's go through some Advantages and Disadvantages of Tricast Betting.
The Disadvantages
One major disadvantage is that a tricast bet (trifecta betting) is associated with a very unfavourable chance of making correct predictions. It is very difficult to predict, which is why more often that not results of trifecta bets often come in a loss.
Further Disadvantages to Take Note of
- Like predicting three first finishers in a race is not difficult enough, imagine the difficulty involved if you now have to make that prediction in the correct order? This is not a sheer task that can be achieved with any regularity. Successfully making a correct prediction of such will most likely involve a very profound professionalism and experience at its peak, or should we say knowledge now; or a very strong portion of luck.
- Some bettors often reduce this risk for themselves and make themselves a little more confident about their selections by simply changing their (straight) tricast bet into a combination tricast. Turning your tricast bet into a combination tricast bet relatively reduce your risk exposure.
- Basically, what it means is that as long as your three selections come in first, second, and third places, in any order that they do, it doesn’t really matter. However, making a combination tricast bet will cost you more for the simple reason that a combination tricast bet basically lumps several single tricast bets together.
The Advantages
For bettors who feel they’ve already explored that the fairly complex and common betting types and feel like tackling some more complex betting types, a tricast bet is a very good choice to consider. There are two major pros for tricast bet that we’d like to mention.
Some More Advantages to Consider
- First, it is very much possible to win quite an awesome amount of return on a relatively small stake whether tricast bet is in the discourse. With a very small amount in stake, punters can rake in a large amount of return.
- Secondly, it is possible for someone with an inside or intimate knowledge of a race to be able to easily make selections especially for a combination tricast. Despite all the risks and disadvantages that come with tricast bet, the simple truth is that bettors that do manage to get a tricast bet spot on are undoubtedly in for a big treat. It’s a big payoff in return. Bettors can always use the trixie bet calculator to get a bearing on stake, return and profit.
How To Place a Tricast Bet?
Placing a Tricast bet is really easy! But we're still going to show you how. Whilst every bookmaker will differ slightly from one another, they're basically the same.
Step 1 - Choose a Race
First things first, you have to choose the race you're going to be betting on. For this example we've chosen Charlestown, race 1. But remember, you can choose any race that you like!
Step 2 - Select The Type of Bet
Next up, you have to choose the type of bet you want to wager. Since we're talking about Tricast betting, you need to choose Tricast as indicated within the example below. Generally most providers will have the type of bet you want to place on the race itself or on the betting slip. Make sure you familiarise yourself with the betting provider of your choice.
Step 3 - Make your selections
Once you've successfully chosen your bet type, it's now time to get down to business, and to select who you think is going to win your bet! Remember that a Tricast bet means that you're dictating who's going to finish in 1st, 2nd & 3rd place in that exact order, so make sure you double check your selections before placing the bet.
Step 4 - Sit Back & Relax
Now that you've successfully placed your bet, all that's left is to sit back, relax and keep your fingers crossed that your selections win!
Which Bookmakers Offer the Best Tricast bet?
Winnings on a tricast bet is unlimited and is determined by the pari-mutuel system in which all winning tickets share the pool of money collected. The fact that bettors can make relatively large amount in returns from a small amount of stake in a tricast bet cannot be overemphasized. We cannot shy away from another fact that tricast bet is very difficult to achieve; however, the long odds and big payoffs that come with it makes it worth the effort.
A $2 wager, correctly picked tricast bet in the 2016 Belmont Stakes would have bring an awesome payoff of $2,751. We have taken the due diligence and carried out a thorough research on best sport bookies for Tricast bet; the result of which is available on our Sport Betting Comparison Page. Visit our Sports Betting Comparison Page today and select your preferred bookies in the list of trusted bookies offering tricast bet that we’ve compiled.
Keep in mind that most online horse racing betting sites also offer online casino games too. We definitely recommend setting up an account with a betting site which allows you to open an account with their US online casino as well as their sportsbook. This allows you to have it all encompassed under one roof, allowing you to play flexibly with your deposits.
If you are interested in betting on more than just horse races, Captain Gambling has all the strategy guides and articles you need. Newbies can start off with some simpler guides, like our article on Moneyline Betting Explained or the Surebet Explained.
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Conclusion
Tricast bet is a very rewarding type of bet that is most engaged by professionals and experienced bettors as well as bettors who are bold, with less emphasis on years of betting experience.
Make sure you calculate your winning odds using a tricast odds calculator, and make sure you're choosing the right trixie calculator by differentiating a tricast calculator, and a combination tricast calculator.
Though there is a certain level of difficulty involved in correctly predicting the outcomes of a tricast bet, there is always the option of reducing this risk by engaging a combination tricast bet wherein bettors don’t have to worry about order, just to make three correct selections.
The trade off for reducing risk by making a combination tricast bet is that stake gets multiplied by six; a reasonable trade off by the way. Head over to our sports betting comparison page to find a suitable bookmaker for your next tricast bet and join the league of extraordinary bettors.
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