What is Tricast Betting

Sports betting has continued to grow over the years, with hundreds of sports to choose from and many betting options available. One unique option is the Tricast bet, a type of multiple bet commonly used in horse racing and greyhound racing.

Here at OddsMonkey, we’ll cover everything you need to know about Tricast bets, including how they work, how to place them, and whether they are used in value betting.

What is Tricast?

A tricast is a bet where you predict the top three places in a race, but you have to choose exactly which horse or dog will finish in first, second, and third. There is a slightly different betting variation that allows users to choose three selections to finish in the top three, but in any order.

Tricasts are usually only seen in horse racing and greyhound racing, due to the nature of the betting. If you are interested in learning more about horse racing, you can check us out horse racing betting guidewhich is available on the site.

How Does Tricast Betting Work?

Similar to a one way bet, a Tricast bet is multiple bets combined into one, with a Tricast featuring three bets. For a bet to be successful, you must predict the first, second and third winners in the correct order. While other versions, such as the Trixie bet and the Patent bet, double your bet, the Tricast bet doubles the odds but does not double the bet.

It is important to note that Tricast bets can only be placed on one race, and you cannot spread Tricast bets across different races.

As you can most likely guess, predicting the top three horses in their exact positions will be quite difficult, so the profits are usually quite high.

Let’s take a quick look at an example to fully understand how one of these bets would work. To place a Tricast bet, you must select three horses or greyhounds to finish in the top three positions, in a specific order. Using the example of horse racing, we could make a Tricast bet like this:

• Horse number 5 to finish 1st
• Horse number 1 finished 2nd
• Horse number 8 to finish 3rd

For those placing Tricast bets, these bets are only available on handicap races with eight runners or more.

How to Place a Tricast Bet

Using a specific example, we will look at how you would place a Tricast bet with Bet365. Here, we look at the Beverley 4:08 race, and you can find the Tricast betting section in the ‘Other markets’ tab.

Simply put, you can tick the appropriate boxes to select which horses you want to finish in first, second and third, and it will display a small icon at the bottom of the screen, allowing you to add it to your betting slip. Once you have added it to your bet slip, you can then select your bet and place a bet, with your return displayed on the screen if the bet is successful.

Bet365 is not the only bookmaker that allows Tricast betting, but the menu and bet slip may look a little different.

Calculating Tricast Bets

These bets can be very complicated for bookmakers to make, as there are so many combinations available for bettors to choose from on each horse race. The majority of bookmakers pay Tricast dividends only after the race has finished, as each runner’s starting price determines this.

Like Bet365, some bookmakers will offer fixed prices, meaning you’ll know the profit before the bet is placed, but some bookmakers won’t tell you the odds until after the race.

Using a certain formula, you can quickly find out how much you can expect from the tricast:

• Bet x Tricast Odds = Return

For example, if you use the example mentioned above, we can see that 1 x 504.50 = £504.50. If we use a bet of £5, the profit is £2,552.50.

Tricast Betting Types

There are several Tricast bets used throughout the market, each with unique features and requirements. We’ll cover exactly what it is and how it works here at OddsMonkey.

Straight Tricast:

Straight Tricast is the same as the example we have mentioned, where a bettor needs to predict the first three finishers in a race in the correct order. This is the most basic form of Tricast betting.

Tricast Combination:

A standard combination tricast bet requires the bettor to choose three selections to finish in the top three of a race. Unlike the straight tricast, they can finish in a certain order as long as everyone finishes in the top three. However, the betting is different because your bet will be higher when you place six bets and multiply your bet by six. Tricast combinations have higher odds than straight tricasts, but the odds are not that high.

Placing a combination tricast is very similar to placing a regular tricast, but instead of ticking a box for a specific position, you simply tick the ‘Any’ box.

While you won’t see the starting odds, you will see that the bet is multiplied by 6x. Combination tricasts use fixed odds, unlike standard tricasts which use starting prices.

Trifeta:

Trifecta is an alternative to the standard Tricast and Combination Tricast bets. The difference is that Trifecta relies on totes, meaning there are no fixed odds and all bets placed on the Trifecta market are added to the total prize pot. This pot is then distributed among the winners according to the bets they placed.

Placing a trifecta bet is very similar to any other tricast bet. The Trifecta option is available in the ‘exotic’ section of the Bet365 site.

Tricast Vs Trifecta

Determining which is better than the other can be a challenge, as there is no definitive answer. Predicting the top three positions can be very difficult; however, they are used because of their large return value if successful. The main difference between the two is the odds, as Trifecta bets depend on the pool of money placed by the customer; however, in the UK, Tote takes 25% of the amount.

If you are interested in more ways to bet, you can check out ours matched betting blogwhich discusses all the interesting betting techniques you can use.

Tricast Pros and Cons

Tricast is something worth considering, and understanding exactly what is good and bad about the system can help you decide if it is a technique you want to use. Since there are many aspects to consider, we will examine the pros and cons of tricast betting.

✅ High Odds – Due to the difficulty of selecting the top three finishers in a race, bookies will offer bettors higher odds if they successfully predict the top three.

✅ Race Selection – Tricast betting can be profitable in races with larger fields, as it provides the opportunity to predict the outcome despite competitors.

✅High Return on Investment Potential – Since the odds are high, users can place lower bets and still have a chance to make big profits if they correctly predict the outcome of the race.

✅Diversify Betting Strategy – Since Tricast betting is quite unique, this is something that can be used in your betting strategy. Understanding how these betting markets work adds another element to your betting knowledge that can potentially be used in the future.

❌Difficulty – It is a very difficult task to successfully predict the top three finishers in a race, with luck and knowledge of horse racing coming into play.

❌Cost – While straight tricast bets can be used with lower bets, combination tricast bets require higher bets as the initial bet will be multiplied 6x.

❌Probability of Success – Due to the level of difficulty, successful outcomes may not be as frequent as other bets.

❌Complex Returns – With the starting price and other factors coming into play, the returns in Tricast betting are very complex when compared to other types of betting.

Although we have mentioned horse racing and greyhound racing here, tricast options can also appear in other sports, but this is rare. Sometimes offered by some bookies for tournaments such as the FIFA World Cup.

Can Tricast Betting be used in Matched Betting?

Tricast betting is not usually associated with matched betting because of its complex nature and how it works. Since there are three horses or selections in the bet, this can get very complicated.

In contrast, tricast betting is traditionally used to create the potential for larger profits, and if you are very confident in a horse’s final position, then this is a betting market that can be used to your advantage.

Tricast Betting at OddsMonkey

Tricast betting can add a new dimension to your betting strategy, as it allows you to bet on races and provides the potential for greater profits if deemed successful. While very challenging to get right, the possibilities are great, making it an excellent mix of hassle and cost.

If you place other types of bets, we offer very fast and reliable betting calculators, like ours one way calculator And accumulator calculator. These can be used in conjunction with your betting to make the most of horse racing events, and to ensure you know how much money you can get back.