Sports betting has grown over the years, with hundreds of sports to choose from and numerous betting options. A unique option is the treble 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 betting, including how it works, how to place it, and whether it’s for value bet.

What is a tricast?

A tricast is a bet where you predict the top three places in a race, but you have to correctly choose which horses or dogs will finish first, second and third. The stakes have a slightly different twist, allowing users to select three options to finish in the top three, but in any order.

Due to the nature of betting, tricasts are usually only found in horse and greyhound racing. If you are interested in learning more about horse racing then you can check out our Horse Racing Betting Guideavailable on the website.

How does tricast betting work?

Similar to each-way bets, treble bets are multiple bets combined into one bet, where a treble bet consists of three bets. In order to have a successful bet, you must predict the first, second and third place finishers in the correct order. Other versions, such as the Trixie bet and the Patent bet, increase your bet, while the Tricast bet increases the odds but not the stake.

It is important to note that tricast bets can only be placed on one match, and you cannot spread your tricast bet across different matches.

As you can probably guess, predicting the exact position of the top three horses will be very difficult, so the rewards are usually quite high.

Let’s take a quick look at an example to see how one of these bets works to its full potential. To place a tricast bet, you must select three horses or greyhounds in a specific order to finish in the top three. Using the horse racing example, we can create a Tricast bet as follows:

• Horse No. 5 won first place
• Horse No. 1 finished second
• Horse No. 8 finished third

For players placing tricast bets, these bets only apply to handicap races with eight or more runners.

How to place a tricast bet

Using a concrete example, we will look at how to place a treble bet with Bet365. Here we are looking at the Beverley match at 4:08 and you can find the tricast betting section in the ‘More Markets’ tab.

Simply put, you select the horses you want to finish first, second and third by ticking the boxes accordingly, which will display a small icon at the bottom of the screen allowing you to add them to your bet slip. Once this has been added to your bet slip, you can select your bet and place your bet, and if the bet is successful, your return will be displayed on the screen.

Bet365 isn’t the only bookmaker to allow tricast bets, but the menus and bet slips may look slightly different.

Calculating tricast bets

These bets can be very complex for bookmakers because bettors have multiple combinations to choose from on every horse race. Most bookmakers only offer Tricast bonuses after the event, as the starting price of each entrant determines the bonus.

Like Bet365, some bookmakers will offer fixed prices, meaning you know the payoff before you place your bet, but some bookmakers won’t let you know the odds until the end of the game.

You can quickly find out how much you can expect to earn from your tricast by using a specific formula:

• Bet x Tricast Odds = Return

For example, this means that if you use the example mentioned above, we can see that 1 x 504.50 = £504.50. If we used £5 shares, the return would be £2,552.50.

Types of Tricast Betting

There are a variety of tricast bets on the market, each with unique features and requirements. We’ll go over what these are and how they work in detail in OddsMonkey.

Straight triplet:

A straight tricast is the same as the example we have already mentioned, where bettors need to predict the top three players in the race in the correct order. This is the most basic form of tricast betting.

Combination Trifecta:

A standard combination tricast requires bettors to select three selections to finish in the top three of the race. Unlike a straight tricast, they can finish in any particular order as long as they all finish in the top three. However, the stakes will be different because your bet will be higher because you bet six times and multiply your bet by six. Combination tricasts have a higher chance than straight tricasts, but the odds are not as high.

Placing a combo tricast is very similar to placing a regular tricast, but instead of checking the boxes in certain locations, you just check the “Any” box.

Although you won’t see the initial odds, you will see your bet multiplied by 6x. Combination tricasts use fixed odds, unlike standard tricasts which use starting odds.

Trio:

Trifecta is an alternative to standard tricast and combination tricast bets. The difference is that Trifecta is pool dependent, meaning there are no fixed odds and all bets placed on the Trifecta market are added to the overall prize pool. This pot is then divided among the winners in proportion to their bets.

Tricast bets are very similar to other tricast bets. The Trifecta option is available in the Exotics section of the Bet365 website.

Tricast and Trifecta

Determining which one is better than the other can be challenging because there is no clear answer. Predicting the top three can be very difficult. However, they are used because their return value is large if successful. The main difference between the two is the odds, as Trifecta betting relies on a pool of money invested by customers; however, in the UK, Tote accounts for 25% of that pool.

If you are interested in more ways to bet then you can check out our Matched Betting Blogwhich explains all the fascinating betting techniques you can use.

Advantages and Disadvantages of Triple Play

Tricast is something to consider, and understanding exactly the system’s pros and cons can help you decide whether it’s a technology you’d like to use. Since there are many aspects to consider, we will look at the pros and cons of tricast betting.

✅ BIG Odds – Since it is very difficult to choose the top three in the game, bookmakers will offer bettors higher odds if they successfully predict the top three.

✅ Match Selection – Tricast bets may have an advantage in matches with larger fields as they offer the opportunity to predict the outcome despite the presence of competitors.

✅Potentially high return on investment – Due to the high odds, users can place lower bets but still have the opportunity to earn huge returns if they correctly predict the outcome of the match.

✅Various Betting Strategies – Since tricast betting is so unique, it can be used in your betting strategy. Understanding how this betting market works can add another element to your betting knowledge that you can potentially use in the future.

❌Difficulty – Successfully predicting the top three spots in a race is a very difficult task that requires the help of luck and horse racing knowledge.

❌ Cost – While lower stakes are available for straight tricast bets, higher stakes may be required for combined tricast bets as the original stake will be multiplied 6x.

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

❌Complex Returns – The returns on tricast bets are very complex compared to other types of bets due to the starting price and other factors.

While we’ve mentioned horse racing and greyhound racing here, tricast options can appear in other sports as well, but they’re less common. Some bookmakers occasionally offer this service for tournaments such as the FIFA World Cup.

Can tricast bets be used for matched betting?

Tricast bets are usually associated with Matched Betting Due to its complex nature and mode of operation. With three horses or three selections in the bet, this can get quite tricky.

In contrast, tricast bets have traditionally been used to create the potential for greater returns, and if you are very confident in the horse’s final position then this is a betting market that can give you an advantage.

Tricast betting with OddsMonkey

Tricast bets can add a new dimension to your betting strategy as they allow you to place a bet on a match with the potential for greater returns if deemed successful. While they are very challenging to implement correctly, the possibilities are high, making them a perfect combination of complexity and cost.

If you make other types of bets, we offer extremely fast and reliable bet calculators, such as our one way calculator and Accumulator Calculator. These can be used alongside your bets to make the most of horse racing events and ensure you know how much you can get in return.