Trifecta Bet Explained
If you’re a regular at betting sites and you love horse races, you’ve undoubtedly come across the horse racing trifecta bet. One of those exotic bets that seasoned bettors love so much; it dramatically increases the potential profit even on a minimum wager. Of course, the risk also goes high since you’re picking the top 3 finishers in the exact order.
What Is a Trifecta Bet?
In horse racing betting, you can pick a single or several horses to win the race, end second, third, or in another spot. You can also choose several horses to win, place, and show (1st, 2nd, 3rd) in any particular order. Of course, it takes a master to predict 3 horses in the first 3 spots, which is what winning trifecta wagering offers.
The trifecta allows you to pick the correct selection of finishers across the wire. It’s an exotic bet that can deliver fantastic returns. A trifecta straight will require a minimum bet of $0.50 or $1. It was once a bet that cost much more, but most bookies nowadays offer it for 50 cents at minimum. In most cases, you will only spend $1 or $2 on a trifecta, and the possible returns, if you win, can be staggering.
Regarding Kentucky Derby bets, the average trifecta payouts are in the mid $7,000s yearly. In 2005, the Kentucky Derby winner, Giacomo, shocked everyone when he won at odds of 7/21. The average payout for a trifecta that correctly picked Giacomo as the winner was over $130,000, showing the fantastic winning potential this bet brings.
How Does Trifecta Bet Work?
The straight trifecta bet is the easiest to place and works by choosing 3 runners you believe will finish first, second, and third. They must be in those sports, so no luck if they end up in another. If your runners finish in that particular order, you win. If you don’t, you lose. Many confuse the trifecta with the Trixie bet, but that one consists of 4 stakes of equal value spread across 3 selections on different events. For example, there might be one treble and 3 doubles.
How to Place a Trifecta Bet
It’s easy to bet a trifecta at most bookies nowadays. They usually have a button for it on the market. For example, to bet trifecta for the Belmont Stakes, you must click on it and pick 3 horses. You also select the field for their position, so 1 for 1st place, 2 for 2nd, and 3 for 3rd. When you enter your stake, the system will instantly calculate the returns.
How to Calculate Trifecta Bets and Payouts
The trifecta bet costs are determined by the number of horses you have picked and the possible combinations. A straight trifecta is one thing, but choosing a boxed trifecta system lets you select more options, bringing more varieties. Of course, they also end up paying more, but they also cost more in the first place.
You don’t need to strain your mind and calculate the cost of a trifecta box or a regular trifecta, for that matter. As soon as you enter your stake or Flexi, the system will calculate it for you. You can double-check by doing your math, but with so many profit calculators, why would you do such a thing?
Trifecta Bet Example
- In a straight-line trifecta, you choose the horses you believe will finish the first. For example, in a best Derby trifecta bet, you may pick runners 3, 7, and 9 to finish 1st, 2nd, and 3rd.
- In case of a dead heat for the first place, 2 dividends will be paid out. However, we strongly recommend reading the dead heat rules in the sportsbook of your choice to see how they apply.
Types of Trifecta Bets
Now here’s the thing about the trifecta. It wouldn’t be an exotic horse racing bet if it didn’t have various types. Most notably, the straight trifecta gets other options with the boxed trifecta and the trifecta wheel, all of which add more options and combinations for even bigger payouts.
It is the simplest type of trifecta. You pick 3 runners from the field and specify the spot you think they’ll end up on. You get a profit trifecta in horse racing betting only if the horses finish in the correct order.
A boxed trifecta takes the concept a notch up. You can still pick 3 horses to pass the finish line first, but this time, they don’t need to be in a particular order – they need to finish as the top 3 runners. Since this involves more combinations, it costs more than a straight trifecta. For example, picking 3 horses gives you 6 possible combinations, so with a minimum cost of $1, a boxed trifecta costs $6.
The key to the trifecta key is to pick one horse that’ll finish first. The 2 other runners (or more) can end up in second and third place. You only get a payout if the essential horse wins the race, while any other selections can end up in the top 3.
Trifecta Boxed Key
As the name suggests, this bet combines the best elements of a key and boxed trifecta. It covers all possible combinations, including the key horse, giving you even more varieties than a boxed trifecta. Of course, it also costs more, depending on your picks.
The trifecta wheel allows you to pick a runner in a specific position while all the other horses can finish in the 2 remaining places in the top 3. To calculate trifecta payout for this one, it’s best to use a system calculator at a bookie because it covers more combinations than ever.
How Does Trifecta Betting Work in Horse Racing?
Placing a trifecta is necessary if you have a gut feeling about the 3 top picks. The trifecta is a great bet that boosts your payouts while involving several selections. It’s a much better option than betting on a single horse. You can even go with a boxed trifecta or other combinations, such as the wheel, which will cover even more options for the top 3 positions in a particular or random order.
Features of a Trifecta Bet
The main feature of a trifecta straight is to give you a chance to earn more if you believe you can correctly predict the 3 top runners. It’s a much better option than betting on a single horse or the win-place-show bet. The trifecta gives you plenty of variations with the box and wheel and incredible payouts when you get everything right.
Why Place a Trifecta Bet?
As mentioned earlier, the trifecta bet can deliver excellent returns, and it’s not just for veterans. Even a lucky new bettor can get it right, especially if you consider the boxed trifecta. Exotic bets are a love-it-or-hate-it affair, so if you’re not willing to take the risk, you should stay away. That said, it’s the perfect choice if you want to earn way more money than a single runner.
Does a Trifecta Bet Have Any Drawbacks?
The trifecta requires a bit of experience before you place it. It also requires watching many races beforehand, as previous results significantly affect a horse’s form. Plus, it costs more than picking the winner or the win-place-show bet. Boxed trifecta, keys, and wheels give you even more options, but each costs much more than the original trifecta.
Why Should You Place a Trifecta Bet?
Because it’s fun and hard to predict, and the payouts are fantastic. Look at the trifecta Preakness payout from the past years, and you’ll also be a fan. It requires a bit more knowledge, but the potential returns are worth it.
Frequently Asked Questions
How does a trifecta bet work?
The trifecta wager is an exotic horse racing bet that lets you pick the first 3 horses to finish first, second, and third. You can bet on combinations of 3 or more horses on the top 3 spots if you box, key, or wheel a trifecta.
What does a $1 trifecta pay?
It depends on the odds of the horses you bet on and the possible Flexi percentage the bookie allows. For precise calculations, rely on the bookie’s calculator.
Are trifecta bets worth it?
Yes, they are. They might be harder to predict, but the payout is excellent, so it’s a high-risk/high reward.
What is the trifecta in horse racing?
The trifecta is a bet involving 3 horses, specifically your 3 picks to finish 1st, 2nd, and 3rd in that particular order.
How does a trifecta box bet work?
A boxed trifecta (or trifecta box) changes the rules by allowing you to pick 3 horses to finish on any of the 3 top spots.
What Is the difference between trifecta and Boxed trifecta?
The trifecta allows you to pick horses in the exact top 3 order, while the boxed trifecta lets you choose them in any particular order (but still top 3).
How much does a $5 trifecta box cost?
A $5 trifecta box costs $30 because you’re betting on 6 different combinations.