Tricast Bet (or Trifecta) Definition
A tricast is commonly used in horse and greyhound racing and refers to a punter selecting three horses or greyhounds to win 1st, 2nd and 3rd place.Example
There are two types of tricast bets. A straight tricast, otherwise known as a trifecta, means that the horse or greyhound must win in the order that they are written on the betting slip; a combination tricast means that the selections can win in any order. Naturally the straight tricast (or trifecta) has less chance of winning and therefore has greater odds.