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.

Tricast Bet (or Trifecta) Pros and Cons
Pros
  • It is possible to win quite a large amount on a relatively small stake with a tricast.
  • Someone with inside or intimate knowledge of a race might be able to easily select a combination tricast.
Cons
  • A tricast is very difficult to predict and more often than not results in a lost bet.