Horse racing is one of the oldest sports in the world that is hard to imagine without betting. In fact, today’s form of horse racing was designed specifically to allow people to bet on their favorite horse.
Even though horse racing is not a top sport when it comes to popularity or viewers, the situation is a bit different when it comes to betting. In some countries like the United States or Great Britain, horse racing betting trends at the top sports that people bet on.
Horse racing betting is popular just because it offers competitive odds which in most cases are bigger compared to other sports. Additionally, horse racing has many different betting options to choose from that can significantly increase your winnings.
Let’s focus on Trifecta bets. For some people that are betting on the Kentucky Derby future wagering, for example, everything might look complicated. However, as soon as you dig a bit deeper, you’ll find out that they are really simple to understand.
What are Trifecta Bets?
There is a really simple explanation for Trifecta bets. Trifecta bets are high odds bets that can significantly increase your profits. With that said, it is worth mentioning that the probability of trifecta bets is much lower, which is why there is a big reward.
Trifecta bets allow you to place bets on the top three finishers in a race in exact order. For example, if you want to place a trifecta bet on Kentucky Derby, you need to choose which horse will end up in 1st place, 2nd place, and 3rd place.
If they finish in the correct order, you will win a lot of money.
Minimum Stake on a Trifecta Bet
Since we are talking about a bet with a lower probability, it is best if you start with the minimum stake amount. Most bookmakers offer online trifecta bets that start from $0.5 or $1. The best thing about trifecta bets is that they are available in almost every region, and cover all breeds of racing.
Starting with the minimum stake is a good idea since the odds are pretty big and you can still win a lot of money, without risking too much of your budget.
How Much Money You Can Win with Trifecta Bets?
The potential for winning money with trifecta bets is unlimited and in most cases is determined by the pari-mutuel system where all winning tickets share the pool of money collected.
Let’s get one thing straight, winning a trifecta bet is very difficult, which is why there is a big reward. Since it is hard to determine the correct wins from trifecta bets, we can look at some of the previous races and compare the results.
In most cases, big events like the Belmont Stakes or Kentucky Derby can win realistically around $3,000 for a $2 trifecta bet. Still, the situation and winnings change depending on the horses you choose.
For example, a successful $2 Trifecta bet on the Kentucky Derby managed to win $41,500.
In other words, no matter what your betting angle is, you can hope to win a lot of money for a winning trifecta bet.
Boxed Trifecta Bet
There is another Trifecta bet option that allows you to lower your risk, but at the same time lower your potential win. With Boxed Trifecta betting you are allowed to choose the first three finishers by selecting more than three runners.
For example, any four selection in a boxed trifecta is 24 bets and so on. This will lower your risk and increase the probability of such events happening in the race. However, if you are looking for a big win, you should stick with traditional Trifecta betting.
Trifecta bets are perfect for spicing things up and making any horse racing event even more interesting. On top of that, if you are lucky enough you can win a lot of money and walk away profitable.