In horse racing,a trifecta bet, using trifecta boxes and wheels, is a betting strategy that helps improve your odds of winning big. Here are some tips for placing a trifecta bet.
A trifecta is a popular exotic bet where you pick the first, second, and third place horses in a race. Because the odds are so against getting all three correct, the payout can be huge if you win.
There are three trifecta bets: a straight trifecta, a trifecta box and a trifecta wheel. If you want to place a straight trifecta, you must pick the 1st, 2nd and 3rd place horses in the race and the horses must finish in exactly the order you pick them in. For example, if you pick 4-8-1, horse no. 4 means must finish first, horse 8 must finish second, and so on.
In a Trifecta box, you wager all combinations of 3 or more horses. For example, if making a $2 bet, you would need $2 for every possible combination. If using 3 horses, the bet would cost $12 because there are 6 combinations of orders the horses can place in (i.e, 4-8-1, 1-4-8, etc.). The more horses you add to the trifecta box, the more you spend.
A trifecta wheel is similar to a box, but is more efficient and can be good if you have a strong opinion on a horse or think one particular horse is going to win. It can also be a reasonable option when you have a strong opinion about who will win the race, but don't have an opinion on second and third. A wheel lets you play a horse in one position in combination with all the other horses in the field to finish in the remaining two positions. For example, if there are 8 horses, a $1 wheel of 6-All-All, meaning horse 6 finishes first with the other 7 horses to finish second or third, resulting in 42 combinations at a cost of $42. If horse 6 won and any of the other horses finish second or third, you win. To calculate the cost of a wheel bet for a horse in one position with the remainder of the field finishing in the other positions, multiply the number of horses in the field minus 1 by the number of horses in the field minus two, and multiply that number by the denomination of your bet. Yes, its complicated. Try starting with a trifecta box.