Boxed Trifecta Odds
If you are betting on horse racing, you should know how to place a Trifecta. This wage is hard to get right, but has big profit potential. Trifecta Betting is popular because even a small wager can have a big payoff due to the difficulty of correctly selecting the top 3 finishers. It’s one of the best ways to win big without putting a lot of money at risk.
What Is A Trifecta Bet?
A Trifecta Bet is when the bettor selects the first, second, and third places finishers in exact order. If they finish in the correct order you win, and you can win big! If those exact horses don’t finish the race in that exact order, the bet is lost.
Different Types of Trifecta Bets
There are four different types of Trifecta Bets you can place, a straight, key, box, or wheel. Even the most seasoned bettors don’t always understand how each work. Let us break each one down:
Finding a longshot to land in your Trifecta could be the difference from making a small profit and making a big score. Just boxing contenders can get pricey: $1 box using 3 horses = $6 $1 box using 4 horses = $24. . 99-1 is the maximum that most track toteboards will show but it can generally be assumed that the odds are greater than 100-1. Payoffs represent your profit PLUS the return of the $2 you originally bet. A winner at 5-2 means that will pay $5 profit for every $2 wagered. The payoff is $7 which is the profit ($5) plus the cost of your wager ($2).
Straight Trifecta Horse Racing Betting
This is the simplest type of Trifecta Bet. It’s a single wager where you pick exactly three horses and decide the exact order you think they will finish in. That’s it. The horses MUST finish for you to win. This is not a very forgiving bet, but when you risk high, you can win big.
Trifecta Box Horse Racing Betting
A Trifecta box can also be known as a reverse triactor or a combination tricast. In this bet, you choose the top three horses, but they can finish in any order. This makes it easier to win, but it comes at a cost. It’s a multiple wager, which means you’re clearly much more likely to get a win here but you have to pay for each combination of your chosen horses. A Trifecta box on three selections costs $12 instead of $2 for the straight Trifecta. A Trifecta box can cover more than three horses. But the increase in possible combinations increases the cost. With four horses, for example, there are 24 possible combinations. The cost to cover them all is $48.
Trifecta Key Box Horse Racing Betting
This bet is a good one when you have confidence in one of your picks, but you’re unsure about the others. So you choose one “key” selection and other “non-key” selections. The Trifecta Key box keeps the total cost lower, while allowing you to bet on your key players. For example, you can bet on the first and third place finishers and choose one or more other horses to fill in the second place spot.
Trifecta Wheel Horse Racing Betting
A Trifecta wheel is where you pick one horse to finish in a specific position, and back all possible combinations with the rest of the field. You pay for each possible combination, which depends on how many horses are taking part in the race. As long as your winner wins, you win; but you’re relying on one horse to win the race. You can opt for a part wheel Trifecta, which means you pick one horse to finish first, and then pick a select number of horses that will finish second and third. Here, you’re only covering less possible combinations, so you’ve reduced your overall chances of winning but you’re being much more efficient with your money.
What is the Minimum Stake on a Trifecta Bet?
The minimum betting amount for a Trifecta Bet both online and at the track is $0.50 or $1. These bets are very popular, because they are a low cost bet. Of course, the larger the field, the larger the payout.
How To Calculate the Payout for An Exacta Bet
Trifectas are a form of pari-mutuel wagering which means that payouts are calculated based on the share of a betting pool. A new pool is created for each race. The bigger the pool, the bigger the payout if you win. Here’s a basic example of how this works.
- 10,000 $1 Trifecta tickets are sold for a race
- The betting pool is $10,000 (10,000 x $1)
- There are 100 tickets with the correct finishing order of the first three horses.
- Each ticket receives a payout of $100 ($10,000 / 100)
In a real betting situation, you also have to factor in that not all bets are $1 and the track will take their cut before the prize pool is calculated, so there are additional payouts to consider. However, don’t let that worry you. Trifecta Bets can still give huge returns.
Trifecta Bet Calculator
Each type of Trifecta Bet is calculated a bit differently, which is why it’s important to know how much money you’re putting in based on the risks involved. Let’s look at how to calculate the costs of a Trifecta Bet.
$1 Trifecta Key Costs: To figure the cost of a Trifecta Key, use this simple equation: $ x Number of horses x number of horses minus one.
- For example, a $1 Trifecta Key 1 with 2,3,4,5 would be 1 x 4 x 3 = 12 possible combinations costing you $12.
- $1 with 2,3,4: $6
Trifecta Part Wheel Costs: Multiply the number of horses used on top or the win position of the exacta with the number of horses used in the second position (less one if the same number is used on top in the exacta).
- # of horses in the first position x # of horses in the second position minus 1 x # of horses in the third position minus 2.
- For example, a $1 Trifecta Part Wheel 1 with 2,3,4 with 2,3,4,5 = 1 x 3 x 3 = $9 (9 possible combinations)
Trifecta Box Costs: To figure the cost here simply multiply the number of horses used by the number of horses used less one.
- $1 Trifecta Box with three horses: $6 (6 possible combinations)
- $1 Trifecta Box with four horses: $24 (24 possible combinations)
- $1 Trifecta Box with five horses: $60 (60 possible combinations)
The more horses you add to an Exacta Bet, the more likely you are to lose money in the end. If you bet on 8 horses, you have more chances of winning, but you would be lucky to make $30, resulting in a loss of nearly $650. For this reason, Exacta Box horse racing betting is generally best left to experienced handicappers, or those who employ the services of a veteran handicapper.
Of course, the track will take out its portion before the prize pool is calculated so the payout wouldn’t be exactly $120. But still, a $100 return on a $2 bet is amazing odds.
Whether it’s a huge race or an unexpected win, an Exacta payout usually gives a decent return, which is why it’s one of the most popular bets.
Boxed Trifecta Odds Melbourne Cup
And They’re Off!
You can place Trifecta Bets at any racetrack or off-track betting bureau. At the track, you simply complete a betting slip or you can just request your selection verbally at the counter. If you’re not sure what to do, just ask a member of staff for some assistance. If you’re still a little unsure about how to place your bets or where to put your money, don’t worry. You’re not the first person to need a bit of help, which is why AmWager is here.
Horse betting can be an intimidating endeavor until you get used to the wagers, lingo, and payouts. AmWager has an easy to use online betting platform anyone can use to place their bets. Check it out and try your hand with the horses, it might be the one step to your next lucky break.
Are you getting ready for trifecta betting? Moving up from the basic wagers into exotic wagers is always an exciting step for those in the process of learning how to bet on horses. The trifecta may seem simple at first but it has many twists and turns that can improve your chances of winning. With a little bit of background history, you will be on your way to mastering this important form of wagering.
Beginners moving up to trifecta betting
When bettors are first getting started with horse wagers, they will soon learn the advantages of placing their money on something more exotic. Even if you are at the win, place, and show levels, it is easy to move up to the initial exotic bets right away.
The advantages of trifecta betting are obvious when it comes to increasing your chances of winning more money. Despite this, you may not have the skills to ensure that you are able to predict three winning horses at the same time. Simply put, a trifecta is a bet that predicts the first, second, and third place winners of a single horse race.
Trifecta betting is worth looking into
At first it can seem like there is not much of a difference between one kind of wager and another. In this case, nothing could be further from the truth. The real contrast between the trifecta and the exacta become crystal-clear when you look at the payouts. For example, a $2 trifecta for the 2011 Kentucky Derby brought in $3,952.40 compared to a $2 exacta bringing in $329.80. Obviously, it pays to spend the extra $2 to take your chances with a serious win.
When trifecta bets are the best choice
For many beginners, there is a feeling of needing to cover all of your bases. In other words, when your skills are not refined, you want to look for all way to win and that means spending a little bit of extra money wisely.
For the Kentucky Derby, a winning strategy can be to buy a $2 ticket with different styles of wagers. This means buying a win, place, show, quinella, exacta, trifecta, and superfecta. In addition, you can purchase the more advanced boxes options.
Deciding between trifecta wheels and boxes
In the 2011 Kentucky Derby, Animal Kingdom (#16), Nehro (#19) and Mucho Macho Man (#13) finished the race in that order. Anyone that decided that Animal Kingdom would win and only placed $1 on this horse got $43.80 for their predictions.
Unfortunately, what if you cannot decide which of your top three horses will win? If you have an idea for the three finishers of a race and just do not foresee the order, you can spend a little bit of extra money buying a trifecta box ticket. This way, you have all the variables covered in first, second, and third place for your top three horses.
Using trifecta betting box as a safety zone
Trifecta boxes mean you will spend more money, but having all of your bases covered is something a newcomer to horse racing must deal with. Until you learn more about handicapping and predicting outcomes, trifecta boxes may be your safety zone. On the other hand, new horse bettors will need to figure out if trifecta wheels are right for them. This style of wager has a “key” and then two other horses that are boxed.
For example, you know that Animal Kingdom will win the Kentucky Derby, but are not sure if Nehro will be in third or second place. You also have a good feeling about Mucho Macho Man. For these reasons, you can purchase the exacta wheel with Animal Kingdom as the key and Nehro and Mucho Macho Man as the wheel. This saves you a little bit of money, but with that is the risk that Animal Kingdom might not place first.
Where to purchase trifecta betting tickets
The world of horse betting has gone through a lot of changes since the first Kentucky Derby in 1875. In the beginning, the horse betting systems were outside of the law — causing them to fall prey to the mafia. However, starting in the 1930s, this problem was remedied by the introduction of pari-mutuel betting.
Today, you can place your trifecta bet at the track where the race is being held. Also, there are other places online that will ensure you get a higher return on your payout.
How To Win A Boxed Trifecta
Getting the highest trifecta payout possible
When it comes to pari-mutuel betting, it can seem like a limitation. After all, the government limits gambling with horses to this style. Since all of the bettors are betting against each other and contributing to a pool of money, it can seem like the race tracks get the shaft.
The mystery behind how this system works involves a takeout from the payout. That means that every time someone wins, the track is allowed to take a cut of those earnings. This way, they cover their expenses.
$2 Trifecta Box 4 Horses
Regardless, when there is no overhead, the payout is much higher for the bettors. For this reason, many expert trifecta wagers are played online at virtual horse betting websites.