What is a Tricast bet?
A tricast bet is most commonly used in horse racing. A tricast is a form of forecast wager. That means it is an exact prediction that is needed in order for the bet to win. Three selections are made to create the bet and the order of first, second and third in a race is predicted.
This is a type of bet where the race has at least 6 runners. It is also referred to as an exotic bet and probably isn’t as widely used in the UK and Ireland as it is in North America (where it is called a trifecta).
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How does a Tricast bet work?
A tricast bet is a straightforward prediction of choosing the first three horses home in a race in the exact order. Because of each selection needing to be exact, it is a significantly difficult bet to land. However, they can run up to big payouts from a small initial stake.
The actual chance of landing a tricast in a race which has six runners is 1/119. That is how many combinations of top-three finishes could be produced from six horses. Picking out one winner in the race is a 1/6 chance, showing just how difficult a tricast could be.
Winning Example of a Tricast in Horse Racing
You fill in your horse racing betting slip with three selections from one race, who you want to finish in first, second and third position. Only the runners finishing in that specific order which you select will produce a win.
Note that the most common practice for tricast betting is for the bookmaker to use the Starting Prices and therefore until the race is completed, the actual payout is not going to be known.
If that’s the case and the wager wins you will receive whatever dividend the bookmaker announces multiplied by your unit stake. If they decide for example your tricast comes out at £40.11 dividend and you played a £1 stake, that’s a simple £40.11 profit.
Here are some examples of actual tricast dividends from real races, just as an example. The odds of the finishers, as well as number of runners, are factors in the payout dividend. Remember the announced dividend in a winning tricast bet is multiplied by your unit stake to calculate the payout.
Losing Example of a Tricast in Horse Racing
The exactness of a tricast is the difficult thing. For example, your three selections could all finish in the top three of the race, but not in the exact order. That means that you wouldn’t get any return from the bet.
Similarly, if two of your three predictions were exact in the forecast and the other was amiss, no returns are picked up. Unless that exact order then is predicted, the entire stake on the bet is lost.
How many bets in a Tricast?
There is just one single bet in a tricast. All stake played goes on that one option which is the prediction of the finishing order of the top three.
How to work out a Tricast odds?
It is a very difficult thing to predict. Because a tricast will run off Staring Prices normally, there’s no way to know the exact outcome that a bet may yield. You can use a guessing calculator to give a rough estimation of what may be returned. It will not be exact though and they can be complicated to use. The best way is to look at recent tricast results for races (with the same number of runners as the one you want to bet on) and look what the prices of the top three finishers yielded in the tricast dividend.
What is the difference between a Straight Tricast and Reverse Tricast bet?
The difference between a straight tricast and a reverse tricast is the number of bets. If you were to make your three selections in a straight tricast you have just the one bet. However, if you took those three selections and made a reverse tricast, that creates six bets. That is because those three selections can be combined in six different top-three finishing orders. Each bet within a reverse tricast needs its own unit stake.
Tricast Bet Strategy
The tricast is a notoriously tough bet to win. A very simple strategy would be to play the strongest three horses in a given race. But still, with so many different potential combinations of 1, 2, 3 finishes from even six runners, the tricast remains difficult to win.
That is why, for the extra stake involved playing one, a reverse tricast as mentioned above may be a more viable option. You will naturally sacrifice odds compared to a straight tricast and you have to risk more stake (a reverse tricast is six bets, so needs a x6 unit stake) but it would give a tremendous amount more coverage in results than a straight tricast would.