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Richard Miller
Author:
Richard Miller
Last Updated:
April 1, 2021
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This author was thoroughly tested and approved by the experts at BettingBilly.com before joining the editorial board to ensure a high content quality.
Author Bio:
 
Richard was Marketing Manager at a global bookmaker and worked in the enterntainment sector for decades before working his way up in the world of entrepreneurs. His focus areas are mainly in the fields of sports and politics. He has a Science Degree, visited Harvard University and is now our hardworking Editor-in-Chief at BettingBilly.
Richard was Marketing Manager at a global bookmaker and worked in the enterntainment sector for decades before working his way up in the world of entrepreneurs. His focus areas are mainly in the fields of sports and politics. He has a Science Degree, visited Harvard University and is now our hardworking Editor-in-Chief at BettingBilly.

Tricast Bet Explained in 2021

You want to place a successful tricast bet, but don’t have experience placing horse racing bets and tricasts in general? Fret not, we have got you covered.

We talked to the top betting experts and organized the best approaches they utilize to maximize the probability of having a winning bet. We don’t guarantee that all of your tricasts will return a profit, but they will be way better than before. Let’s get started!

What is a tricast bet?

Tricasts are bets that are popular in horse and greyhound racing betting. With them, you predict the first three runners in a race in the exact order. Let’s explain how this works.

SelectionWager
Horse 8To finish 1st
Horse 5To finish 2nd
Horse 7To finish 3rd

The only way in which this tricast bet can be successful is if the horses finish the race in the exact order as you predicted. This means that Horse 8 will have to win, Horse 5 has to finish 2nd, and Horse 7 must finish 3rd.

If only one of these things doesn’t happen, the wager is a losing one. For example, let’s say that Horse 8 did indeed win the race and Horse 5 came second. However, instead of Horse 7 finishing 3rd, it was Horse 1 that ended the race third. This means that the bet was a losing one. All it takes for this three-legged wager to lose is one selection to let you down.

As you can imagine, it’s quite difficult to predict which place the first three runners will finish in even in a small six-horse race. If you are betting on a six-horse race with a tricast, your chances of having a successful bet are 0.8% and that’s without even taking into account how good each runner is. This calculation is based only on the number of possible winning combinations.

As a result, the odds for a tricast bet coming to fruition in this situation are very high too. If we say that the likelihood of your bet is 0.8%, you would stand to make a profit of around $120 from a small $1 stake.

Types of tricast bets

There are two popular variants of this bet. They are known as a straight and combination tricast.

Straight tricast

The first variant is the wager we explained above. The bettor must predict the first three competitors in the exact order. It comes with higher odds of the two and is far more difficult to get right.

Combination tricast

A combination bet is easier than the straight variant of the wager, but also comes with lower odds. This is because the bettor predicts the first three runners of a race but in any order.

A combination wager consists of 6 bets that cover all possible winning combinations. This means that you only need to predict which three runners will end on the podium without worrying about the order they come in.

Placing a tricast bet: Step-by-Step

Tricast bets are fairly easy to place, but you need to find the right bookmaker to do so. Not all betting sites allow betting on tricasts so you need to find one that does. When you find the right bookmaker, you are only a few steps away from placing your first wager:

Steps Box Background
  1. Open a betting account with a bookmaker that allows betting on tricasts. If you are not sure whether a bookmaker offers this type of bet or not, you can always check out a sports betting review or two for the answer or go directly on the site of the bookie.
  2. Deposit some money on it.
  3. Select the sports you want to bet on. The most common sports for these bets are horse and greyhound racing so you will probably want to choose those two first.
  4. Select the races you want to bet on.
  5. Choose the runners/competitors that will finish 1st, 2nd, and 3rd.
  6. Locate your bet slip and click on the tricast option.
  7. Place your stake.
  8. Submit your bet.
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Usual sports for tricasts

You most often place these bets on sports such as horse racing and greyhounds. Horse racing is popular with tricast enthusiasts in particular. They can follow the form of horses closely in the build-up to a race and can make more educated predictions as a result.

Other sports that produce first, second, and third-place finishers are also possible candidates for this bet type. This means that you can also place bets on motor racing events and sports in which there are clear first, second, and third-place finishers. These include sports such as Formula 1, NASCAR, Moto GP, athletics, cycling, golf, etc.

You can even bet on soccer and basketball tournaments provided they produce a third-placed team. For example, most bookmakers offer enticing betting options for the soccer World Cup as the tournament has a third-place play-off game in addition to the final.

In some sports, such as horse and greyhounds racing, tricast bets are part of the regular betting offer. However, this doesn’t apply to all sports. When you don’t see this option in a bookie’s offer, you often have to ask for the bet yourself. Customizable bets are quite common these days and all you have to do to place them is get in touch with your bookmaker and you will get your odds instantly.

Examples of tricasts

Tricasts are quite difficult to get right and you should know that you will have quite a lot of losing bets in addition to the winning ones. However, if you do your betting homework and have a little bit of luck, you can easily end up with a winning slip in your hand more often than not. Let’s look at a winning and losing example of a tricast.

Winning example of a tricast bet

Let’s say that you were betting on the 2018 soccer World Cup with a straight tricast bet.

NationWager
FranceTo finish 1st
CroatiaTo finish 2nd
BelgiumTo finish 3rd

As unlikely as it may seem, you got the placement of the top 3 nations at the 2018 World Cup spot on. The odds that you would have got for this bet were probably quite large too. France were favorites to win the tournament, but Croatia finishing 2nd was a huge surprise and not many people had them anywhere close to the podium.

Losing example of a tricast bet

If you wagered on the same nations but had them in a different order, your bet would have been a losing one.

NationWager
FranceTo finish 1st
BelgiumTo finish 2nd
CroatiaTo finish 3rd

As you can see, the wager is a losing one because you didn’t get the position of the top 3 nations exactly right. The only way in which this would have been a winning wager is if you opted for a combination tricast instead of a straight one.

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Tricast betting for beginners: How to bet

Tricasts require lots of luck to come to fruition. However, as the saying goes, you make your own luck so don’t give up on them just yet. With the right betting advice, even a beginner can see what it's like to have lots of successful tricasts. Here are some useful tips that will help in this regard:

  • Tip 1: Study the competitors closely before you place your tricasts. It doesn’t matter whether you are betting on greyhounds or NASCAR drivers. If you want to have winning bets you must do your betting homework.
  • Tip 2: Back the betting favorites when placing your tricasts to improve your chances of winning. Predicting the exact placement of the top three competitors is always difficult and can be even harder if you back underdogs.
  • Tip 3: Place lower stakes on tricasts as they are pretty hard to get right. Even with a small stake, you can get substantial winnings, so there is no need to risk large amounts of money on such a risky bet.
  • Tip 4: Listen to professional betting advice when making your tricasts. Betting experts increase the likelihood of winning and their advice is always welcome, especially when it is free. That’s the case with Billy and his betting picks. There are free once you sign up and improve the chances of your bet significantly.
  • Tip 5: Combine tricasts with single bets. That way you will have one wager that will likely be successful and your tricast will be a long-shot bet on the side. If only the single wins, that’s great. If both bets are successful, that’s even better.

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Tricast betting strategies for professionals: How to bet

Betting professionals often back several winning combinations instead of just one. The logic here is that the more selections you pick, the greater the chances of success.

As you might expect, betting on more competitors also means lower potential returns. For example, if you decide to include all competitors in your combinations, you will always lose money. In horse racing, this is called boxing the field and is a sure way to win, but is also guaranteed to lose you more money than you win.

However, there is a way to back more than three competitors and still get decent returns. This is achieved by betting on the favorite in all of your combinations to win and then including 4 or 5 other selections to fill the remaining two spots. The favorite will always fill the first position, while the others will fill second and third in various combinations.

If you do your betting homework, choose the most likely winner, and cover 4 or 5 podium finishers with your bet, you stand a decent chance of winning.

Tricast bet: Try it now at one of the top 5 betting sites

Now that you know how tricasts work, it’s time to test your knowledge and win some money in the process. The 5 betting sites listed here have excellent tricast betting offers and are ideal if you are looking for a top-notch betting experience.

 
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Conclusion: Big wins from minuscule bets with tricasts
Tricasts are difficult to get right, but placing small stakes on them from time to time can be quite entertaining. Straight tricasts can make you a fortune in particular. In reality, though, they should only be fun bets on the side. The best way to make a profit from tricasts is to try to cover several winning scenarios. Placing combination tricasts is your best chance to take home some money when the day is up.
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