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Horse Racing Betting Types
Pick 3
In order to win a Pick
3 bet you are required to select the winning horse
in three consecutive races. Most tracks only offer
one or two pick 3 opportunities per day. Some tracks
offer a rolling pick 3 in which every race is part
of a pick 3 bet, which means that some races are
included in three pick 3 bets. The third race for
example, would be the third race of the first pick
3, the second race of the second pick 3, and the
first race of the third pick 3. I don't mean to
make this seem complicated, it is really very simple.
The simplest pick 3 bet is the $2 straight pick
3. If for example, you picked the #2 horse to win
the first race, the #4 horse to win the second race,
and the #6 horse to win the third race, you would
tell the clerk ($2 pick 3 - 2, 4, 6).
Pick 3 Part Wheel
The pick 3 part wheel
bet is one of my favorite plays at the track. It
allows you to single your favorite horses in some
races and combining them with several good paying
horses in other races in an attempt to hit a good
paying win ticket. There is generally good value
in the pick 3 bet, and frequently they will pay
considerably more than the comparable amount of
money bet in a 3 race parlay.
To increase the probability of winning a pick 3
you may want to play multiple combinations by selecting
more than one horse in one or more of the three
races. The easiest way to communicate this bet to
the clerk is to use the pick 3 part wheel bet. If
you think the #3 horse will win the first race of
the pick 3 and either the (#1, #5 or #7) horse will
win the second race, and the (#2, #5, #8, #10, or
#12) horse will win the third race, you would tell
the clerk ($2 Pick 3 Part Wheel 3 with 1, 5, 7 with
2, 5, 8, 10, 12). The cost of this bet would be
(1 x 3 x 5 x $2) = $30 for your $2 bet. You can
bet any amount from $1 on up. Remember, that if
you bet a $1 bet, you only collect 1/2 of the payoff
amount since most bets are quoted for a $2 bet.
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