Nice Trifecta Article
hue21998
Banned
by Kenneth Strong
Trifecta betting offers even modest bettors a chance at a big score for a minimum outlay of cash. The trifecta requires that you to pick the first three in a race in exact order of their finish. The major attraction of trifecta betting is the possibility of huge payoffs. During the course of a week across North America there are always a few five-figure trifecta payoffs and on racings biggest days these payoffs can reach six figures.
Trifectas, and trifecta betting in particular, are not yet well understood by the betting public. The fact that probable trifecta payoffs are not displayed on the tote board prior to the running of a race leaves the majority of bettors guessing and over-betting combinations that have little chance of actually winning. The combination of lazy handicapping and poor trifecta wagering strategies will result in inefficiencies in the trifecta wagering pools. These can be much greater than the weaknesses found in the exacta pools. The inefficiencies in trifecta betting pools are exploited on a daily basis by sharp players. They know how to properly structure their trifecta wagers based on probability and profit.
There are four different methods of betting the trifecta :
A) trifecta boxes.
trifecta wheels,
C) trifecta key part wheels
D) straight trifecta betting
The first trifecta wagering strategy, trifecta boxes, is the most inefficient yet most popular method of betting the trifecta, and the main reason for large inefficiencies in the trifecta wagering pools.
Inefficient Trifecta Wagering Strategies
A) Trifecta Box Betting
The simplest and most overused method of trifecta betting, trifecta boxes allow you to play multiple trifecta combinations on a single ticket. Offered at most racetracks in denominations as low as $1, a $1 trifecta box of horses 4-5-6 would include six $1 combinations at a cost of $6 and would payoff if the order of finish were 4-5-6, 4-6-5, 5-4-6, 5-6-4, 6-5-4 or 6-4-5.
Trifecta boxes can include as many horses as are in a race. You can box the whole field and play every possible trifecta combination in a race if you like, although this would be an extremely inefficient method of trifecta betting and would almost guarantee a loss over time. Based on the cost of $1 boxes listed below, the payoffs would never allow you to recoup your investment.
To calculate the cost of a trifecta box, multiply the number of horses you would like to box by that number minus one and by that number minus two, and then multiply it by your bet amount.
For example, the cost of a four horse $1 trifecta box would be calculated as follows:
(4 * 3 *2) * $1 = $24 (24 $1 combinations.)
The cost of a five horse $1 trifecta box would be calculated as follows:
(5 * 4 *3) * $1 = $60 (60 $1 combinations.)
Below follow the calculated costs of $1 trifecta boxes:
· $1 trifecta box of 3 horses = 6 possible combinations = $6.
· $1 trifecta box of 4 horses = 24 possible combinations = $24.
· $1 trifecta box of 5 horses = 60 possible combinations = $60.
· $1 trifecta box of 6 horses = 120 possible combinations = $120.
· $1 trifecta box of 7 horses = 210 possible combinations = $210.
· $1 trifecta box of 8 horses = 336 possible combinations = $336.
· $1 trifecta box of 9 horses = 504 possible combinations = $504.
· $1 trifecta box of 10 horses = 720 possible combinations = $720.
Preferred by most bettors due to their simplicity, trifecta boxes are actually the most inefficient method of betting trifectas. They do however require very little mental work while also offering a chance at cashing a ticket for a good payoff. The problem is that all combinations in any given trifecta box do not have an equal chance of winning. This leaves a ton of wasted money in the trifecta betting pools that is there to be had by smart handicappers who structure their bets properly based on probabilities.
For example, in the above scenario, lets assume you have determined that horse 4 has about a 2-1 chance of winning while horse 5 has a 10-1 chance of winning and horse 6 has a 30-1 chance of winning. Based on your handicapping, the probability of the order of finish being 4-5-6 (2-1, 10-1, 30-1) is greater than probability of the order of finish being 6-5-4 (30-1, 10-1, 2-1). But in a $1 trifecta box you are playing each of these combinations in equal amounts. Would it not be more efficient to bet more on the trifecta combinations that have a higher probability of winning and less on the combinations that have a lower probability of winning?
Of course it would.
Trifecta betting offers even modest bettors a chance at a big score for a minimum outlay of cash. The trifecta requires that you to pick the first three in a race in exact order of their finish. The major attraction of trifecta betting is the possibility of huge payoffs. During the course of a week across North America there are always a few five-figure trifecta payoffs and on racings biggest days these payoffs can reach six figures.
Trifectas, and trifecta betting in particular, are not yet well understood by the betting public. The fact that probable trifecta payoffs are not displayed on the tote board prior to the running of a race leaves the majority of bettors guessing and over-betting combinations that have little chance of actually winning. The combination of lazy handicapping and poor trifecta wagering strategies will result in inefficiencies in the trifecta wagering pools. These can be much greater than the weaknesses found in the exacta pools. The inefficiencies in trifecta betting pools are exploited on a daily basis by sharp players. They know how to properly structure their trifecta wagers based on probability and profit.
There are four different methods of betting the trifecta :
A) trifecta boxes.
trifecta wheels,C) trifecta key part wheels
D) straight trifecta betting
The first trifecta wagering strategy, trifecta boxes, is the most inefficient yet most popular method of betting the trifecta, and the main reason for large inefficiencies in the trifecta wagering pools.
Inefficient Trifecta Wagering Strategies
A) Trifecta Box Betting
The simplest and most overused method of trifecta betting, trifecta boxes allow you to play multiple trifecta combinations on a single ticket. Offered at most racetracks in denominations as low as $1, a $1 trifecta box of horses 4-5-6 would include six $1 combinations at a cost of $6 and would payoff if the order of finish were 4-5-6, 4-6-5, 5-4-6, 5-6-4, 6-5-4 or 6-4-5.
Trifecta boxes can include as many horses as are in a race. You can box the whole field and play every possible trifecta combination in a race if you like, although this would be an extremely inefficient method of trifecta betting and would almost guarantee a loss over time. Based on the cost of $1 boxes listed below, the payoffs would never allow you to recoup your investment.
To calculate the cost of a trifecta box, multiply the number of horses you would like to box by that number minus one and by that number minus two, and then multiply it by your bet amount.
For example, the cost of a four horse $1 trifecta box would be calculated as follows:
(4 * 3 *2) * $1 = $24 (24 $1 combinations.)
The cost of a five horse $1 trifecta box would be calculated as follows:
(5 * 4 *3) * $1 = $60 (60 $1 combinations.)
Below follow the calculated costs of $1 trifecta boxes:
· $1 trifecta box of 3 horses = 6 possible combinations = $6.
· $1 trifecta box of 4 horses = 24 possible combinations = $24.
· $1 trifecta box of 5 horses = 60 possible combinations = $60.
· $1 trifecta box of 6 horses = 120 possible combinations = $120.
· $1 trifecta box of 7 horses = 210 possible combinations = $210.
· $1 trifecta box of 8 horses = 336 possible combinations = $336.
· $1 trifecta box of 9 horses = 504 possible combinations = $504.
· $1 trifecta box of 10 horses = 720 possible combinations = $720.
Preferred by most bettors due to their simplicity, trifecta boxes are actually the most inefficient method of betting trifectas. They do however require very little mental work while also offering a chance at cashing a ticket for a good payoff. The problem is that all combinations in any given trifecta box do not have an equal chance of winning. This leaves a ton of wasted money in the trifecta betting pools that is there to be had by smart handicappers who structure their bets properly based on probabilities.
For example, in the above scenario, lets assume you have determined that horse 4 has about a 2-1 chance of winning while horse 5 has a 10-1 chance of winning and horse 6 has a 30-1 chance of winning. Based on your handicapping, the probability of the order of finish being 4-5-6 (2-1, 10-1, 30-1) is greater than probability of the order of finish being 6-5-4 (30-1, 10-1, 2-1). But in a $1 trifecta box you are playing each of these combinations in equal amounts. Would it not be more efficient to bet more on the trifecta combinations that have a higher probability of winning and less on the combinations that have a lower probability of winning?
Of course it would.