Ever heard of trifecta betting?

[Mauser]

If one is faced with some of the more complex bets, Trifecta betting might just be another strategy to try out.
Let's discuss it!

I am wondering how many people are actually using complex bets in the world of horse or dog racing. So far I never went to a sport race event with horses, I only know it from movies and TV this probably not an accurate picture of the sport. To me it seems so random to place large sums of money on horses if you don't follow the sport regularly. And now even picking the second or third place winner might be nice for getting better odds but it will also makes it so much more unlikely to win. If I am clueless than I am relying on odds to get a rough indication who is the most likely to win. The combination of picking the top 3 winners in order is giving such big odds that I could probably bet on some underdog with the same chance of winning. In the end we need to decide if we want to go for higher winnings but win less often, or if we want to win more often and only make small profits. Someone who has a good hand to pick the right horses might make a lot of money with this betting strategy. 

[worle1bm]

I have known horse racing as a choice for gambler to bet upon but never heard this term before as personally don't have interest and knowledge in the horse racing so maybe that's why have not heard about this term but now there are so many posts explaining about it so have little knowledge about the same.

There are huge bets placed on this one also as far as I am familiar with it like on the horse or jockey (seen in movies as well ) but don't know how they know who will make to the finish line or they have experience and prior knowledge about who is better in this race.But good to know about new things as well.

[Oshosondy]

hard to win in a trifecta but it's worth it, it's a gamble, in a particular race you can easily spot the strongest and the second strongest but the third one is quite hard to guess I seldom win in trifecta it's easier in daily double or the winner take all, where you bet the winners in 7 successive races.

You prefer daily double, but betting on daily double is also gambling. Yes, I understood your point, trifecta betting would be hard to win, to know the horses that would be the first, second and third to win a race would be very difficult, with a higher odd but lower chance of predicting it correctly. I think I would give this a try anytime I have free money to spare.

[Bananington]

Trifecta betting is popular in horse or greyhound racing. A small wager can have a big payoff due to the difficulty of accurately picking the top 3 finishers.
Whenever you place a bet on the three horses which you think will finish the race first, second, and third, in a specific order,  If they happen to finish in the correct order of which you predicted to win, you can win big!

Analyzing the concept behind it, It is obvious that Trifecta betting is not for those who are unfamiliar with the game. A degree of knowledge about the sport is required to be able to accurately predict the top three finishers in the correct order.

Curiosity has lead me to do some research of my own to also find out that Trifecta betting falls under the family of Single-race exotics wagers and also has; Exacta Bet, Quinella Bet, Superfecta Bet and Super High 5, as siblings.

For your extensive reading, you can read more here.

[aioc]

Hehe damn! It's like picking three numbers for a lottery game but with higher chance of winning.

I guess I should pay more attention to horse racing and bet at least once a month.

I don't think you can compare it to a lottery on a lottery any number can come up as the winner, on horse racing, there are favorite horses that will likely win in a race, and a potential challenger to that favorite, the trifecta is very challenging because of the handicapping

A handicap race in horse racing is a race in which horses carry different weights, allocated by the handicapper. A better horse will carry a heavier weight, giving it a disadvantage when racing against slower horses.

The favorites should overcome the handicapping to be able to win the races, the two strongest horses in the race always have the chance but all the other horses are equal in their chances to win the third spot, that is why trifecta is very attractive to these who are good in analyzing horses and the handicapping method.

[D ltr]

If one is faced with some of the more complex bets, Trifecta betting might just be another strategy to try out.
Let's discuss it!

Is, maybe I'm the only one who doesn't know what a trifecta is,
but I've seen people betting for horses in one of the classic films, I thought it was only in the film that it was true that there were horse and jockey bets.
if you may know whether this bet can be cross continent / online too

[YOSHIE]

As far as I know in the horse racing betting arena there are several betting systems on offer, in my opinion trifecta is not a good bet to do, because bets like that involve some of the top and best horses, Of course, in horse racing we must consider the risks from jockeys, fields, horses and so on, of course the risk of falling and also horse health problems must be considered.

Although trifecta bets are classified as high paying if they finish, trifecta bets are quite complicated, although convincing, except: you already understand very well about the race, I mean the conditions, the jockey and also about the horse you want to bet on, if you are not an expert in predicting horse racing bets then the trifecta system bet can be fatal.

I often place horse racing bets, but never place a preferred bet on more than a few horses closest to the finish, 1,2,3.....I prefer to bet on horses that I believe will make it to the finish, only one horse, nothing more.

[jostorres]

If one is faced with some of the more complex bets, Trifecta betting might just be another strategy to try out.
Let's discuss it!

Is, maybe I'm the only one who doesn't know what a trifecta is,
but I've seen people betting for horses in one of the classic films, I thought it was only in the film that it was true that there were horse and jockey bets.
if you may know whether this bet can be cross continent / online too

No, you are not alone with that but I believe many of us have discovered this word today, here in this thread so thanks to the op that we have learned something new and our gambling knowledge have expanded once again. Trifecta is used in horse racing but speaking of horse racing, you are right that this sport is not only limited in films but it was also popular in the gambling world (can be online or offline).

I didn't know that in horse betting, there is also a game mode where you need to predict the first three winning horses or also called as trifecta. I always thought that you will only bet in one horse and that horse must come at first for you to win your bets.

[Fortify]

I somehow stumbled on the word 'trifecta' and as interesting as the name sounds, I got interested and had to find a relationship that connects the word trifecta to betting.
The definition of a Trifecta is according to https://edge.twinspires.com/racing, the correct selection of the first, second, and third place finishers across the wire in the exact order.
Trifecta betting is popular in horse or greyhound racing. A small wager can have a big payoff due to the difficulty of accurately picking the top 3 finishers.
Whenever you place a bet on the three horses which you think will finish the race first, second, and third, in a specific order,  If they happen to finish in the correct order of which you predicted to win, you can win big!
The minimum stake for an online trifecta bet is usually either $.50 or $1 minimum.  Trifecta bets are available at almost all horse racing events around the world. It covers all breeds of racing which includes trifecta bets on thoroughbred racing, trifecta bets on harness racing, and trifecta bets on greyhound racing.
One can make a Trifecta bet online because it is legal and commonly used in the United States and most states around the world.
However, with recent cases of scams parading the online space, one is cautioned to use only legal, safe, and regulated websites like TwinSpires.com.
If one is faced with some of the more complex bets, Trifecta betting might just be another strategy to try out.
Let's discuss it!

It just sounds like a version of a parley or multi-bet, which is commonly found on every single gambling site out there. In fact, this type of bet is the most profitable for sportbook companies because gamblers are really poor at understanding the different odds that are involved in stringing together multiple bets like this. Anyone who has tried horse racing just a little bit will tell you how unpredictable the results can be, so while horse races generally offer much higher odds even on the supposed front runner, upset results are happen very often - if bookmakers cannot even predict the first horse over the line then how it a punter meant to pick three horses in a row over the line?

[Cryptomultiplier]

I applaud the replies I have read so far and only wished I could give answers to any questions that may have been asked.  I researched further on this topic and here's a snippet of what I could gather(link attached):
'There are several different types of Trifectas available to punters so make sure you find the right structure to work with your betting strategy.
A Straight Trifecta is the most affordable of all Trifectas but it is also the hardest to win. Select the horses that finish 1st, 2nd, and 3rd by making only one selection for each position.
A Boxed Trifecta, on the other hand, allows the punter to make any number of selections (limited to field size) with their runners being able to finish in any order.
Flexi Trifectas enable punters to take a percentage of the full unit of their bet, allowing them to outlay only as much as they can afford; it also means they can throw on bets they might otherwise have been unable to afford.'

https://www.punters.com.au/betting/types/trifecta/
https://blog.hollywoodbets.net/how-to-take-a-trifecta/

Furthermore, I do believe that horse racing or greyhound racing is a sport that gained popularity at a time when casinos, and soccer, were still gaining patronage. These animals unlike the way our soccer stars are followed up during training, off training, and during match games, were also much talked about and observed during these times. I would very much like to take my chances at trying out a trifecta bet online, if I have the opportunity to. Perhaps for fun, and luck.

[ralle14]

I've heard the term a few times back then when i'm still into horse racing but it's rare to see those types of bets offered in crypto sportsbooks though as most of them rarely offer a wide variety of lines. Even though the odds are tempting i'll probably never take those bets unless there's a bonus involved since i've been struggling to hit parlays with low odds and I can't imagine putting some money on selections that have higher odds.

[OgNasty]

I'm definitely aware of what a trifecta is and that it's popular in horse racing.  That's a little too risky of a bet for me personally, but I guess if you followed horse racing you might feel a little differently.  It's similar to parlay bets in other sports where you package multiple games together into one high risk high reward bet.  For some reason though I feel like predicting multiple games is easier than predicting the top 3 finishers and which place they come in during a horse race.

[nullama]

I'm definitely aware of what a trifecta is and that it's popular in horse racing.  That's a little too risky of a bet for me personally, but I guess if you followed horse racing you might feel a little differently.  It's similar to parlay bets in other sports where you package multiple games together into one high risk high reward bet.  For some reason though I feel like predicting multiple games is easier than predicting the top 3 finishers and which place they come in during a horse race.

It would depend on the specifics of the multiple games though. In some cases it would be easier and in others, more difficult.

But that's the thing with probabilities, humans are not really great at thinking about it day to day. You just need to calculate the math and simply believe the results, even though it might "feel" differently.

At the end of the day you need to trust the math...

[Dave1]

hard to win in a trifecta but it's worth it, it's a gamble, in a particular race you can easily spot the strongest and the second strongest but the third one is quite hard to guess I seldom win in trifecta it's easier in daily double or the winner take all, where you bet the winners in 7 successive races.

You prefer daily double, but betting on daily double is also gambling. Yes, I understood your point, trifecta betting would be hard to win, to know the horses that would be the first, second and third to win a race would be very difficult, with a higher odd but lower chance of predicting it correctly. I think I would give this a try anytime I have free money to spare.

Double might be easier to hit than trifecta. Specially if there will be like 10-12 horses that are going to run in a particular race, the odds are going to be small to hit the correct orders. But there are a lot of horse racing afionados that I have send win big this way.  Long shot horses winning and then they were able to combine with with the favorite and second favorite.

[ChiBitCTy]

Like you said trifecta betting has been popular around horse and dog racing for a long time. Before I woke up to the sickening reality of horse and dog racing (or animal being used for sport/betting just period) I used to bet trifectas at my local state fair horse races.

Again, horse and dog racing is WRONG, and unless you’re sole-less you should not being supporting this cruelty!

[btc_angela]

I'm also a big fan of horse racing, and if I'm not mistaken, I exchange message with some members regarding this years ago.

And in paper it seems that you might think your chances are high or this sports is easy to win. But if you actually try it and with many different ways to win like the Trifecta, it will become so hard because there are a lot of horses that you need to pick and then you also have to take into consideration the distance, the jockeys and who is the horse racing to. So you have to review a lot before you can hit that Trifecta bet.

[stompix]

I don't think you can compare it to a lottery on a lottery any number can come up as the winner, on horse racing, there are favorite horses that will likely win in a race, and a potential challenger to that favorite, the trifecta is very challenging because of the handicapping

Not all races are handicap races.

The favorites should overcome the handicapping to be able to win the races, the two strongest horses in the race always have the chance but all the other horses are equal in their chances to win the third spot, that is why trifecta is very attractive to these who are good in analyzing horses and the handicapping method.

Where did you get the impression that there are two favorites and the rest?
The next Uk race, like literally the next starts in 1 min:


Do you see those two favorites?  
And all the rest have equal chances for the third spot? just lol.

if bookmakers cannot even predict the first horse over the line then how it a punter meant to pick three horses in a row over the line?

maybe I'm special.

But if you actually try it and with many different ways to win like the Trifecta, it will become so hard because there are a lot of horses that you need to pick and then you also have to take into consideration the distance, the jockeys and who is the horse racing to.

And where is that horse racing to also, some might run to Walmart and some to pizza hut.
"there are a lot of horses that you need to pick"
No! It's a damn trifecta, you have to pick exactly 3 horses! Not 2 not fr not many not little, 3!

[virasisog]

Like you said trifecta betting has been popular around horse and dog racing for a long time. Before I woke up to the sickening reality of horse and dog racing (or animal being used for sport/betting just period) I used to bet trifectas at my local state fair horse races.

Again, horse and dog racing is WRONG, and unless you’re sole-less you should not being supporting this cruelty!

It's already part of the culture though it's really heartbreaking for those who have a huge concern for animals. In our country, dog racing is illegal because dogs seem like national our pets and are already part of families but no matter what we do, there will be people who will use them to gamble. It might be considered as animal cruelty but we have no control over it. The gambling industry is a huge business after all.

[_act_]

Trifecta is just a name for a specific bet in which you pick the first 3 horses correctly.

Yes, we know that. This thread is not about the meaning of trifecta, but about how fun it can be, or about how sad it can be to have such bet. As for me, I do not think it would be fun to go for such bet, it is very risky, especially if it is virtual hourse racing, but I can still see it as fun with physical horse racing.

It's already part of the culture though it's really heartbreaking for those who have a huge concern for animals. In our country, dog racing is illegal because dogs seem like national our pets and are already part of families but no matter what we do, there will be people who will use them to gamble. It might be considered as animal cruelty but we have no control over it. The gambling industry is a huge business after all.

We are even using human racing for gambling  . But no pressure like using animals. Humans is voluntarily and they take care of their health. Never mind me.

Although some people ban animal racing just because of the kind of death as a result of something like heart attack and other health related issue faced from the racing. That is why some countries ban it.

[suzanne5223]

Trifecta betting is popular in horse or greyhound racing.

TBH, this is the first time I will hear about this Trifecta online bet because I'm not into horse racing bet but according to your explanation giving it a try won't hurt since the risk is small due to the minimum bet to be in the range of $.50 or $1.
Since the difficulty of winning the game is high, is there a chance of making 2 or more bets in a single race?