Pick-3 bets in horse betting is a bet where the gambler must choose the winner of three horse races in a row. This significantly raises the difficulty level of winning and therefore provides for much higher payouts when you win a Pick-3 horse racing wager.
Early Pick 3 – Late Pick 3
Many parimutuel tracks offer an “Early Pick 3” and a “Late Pick 3”. This means it highlights two 3-race stretches throughout the day when Pick-Three bets can be placed. If you miss out on the betting times for these horse races, though, you won’t be able to place Pick-3 wagers.
Rolling Pick 3 Bets
Some horse racing betting tracks offer “rolling pick 3” proposition, which only means you can pick the winner of any three consecutive races from the day’s racing card. This gives maximum flexibility for wagerers and let’s the track rake in more money throughout the day.
Example Of A Pick 3 Horse Racing Bet
Let me give an example, to illustrate how one of these wagers works. Assume you make a bet that a horse named “Starlight” is going to win Race #1, a horse named “Geronimo” is going to win Race #2, and a horse named “Mister Sugar” is going to win Race #3. Then imagine that Starlight and Geronimo happen to win the first two races. But assume Mister Sugar is beaten by a nose by his rival, “I Shot the Sheriff”, in the third race. Despite hitting on the first two races, you lose the bet outright.
That’s harsh, but it’s the reality in most exotic bets. Pick Three bets are hard to win, though you’ll have a major payoff if you happen to win. That’s why some parimutuel gamblers try exotic bets like the Pick-3, because of the rush they get on that rare occasion they claim victory (the money’s nice, too).
Pick 3 and Trifecta Bets
Beginning gamblers sometimes confuse the Pick-3 bet with the Trifectas. Remember that pick-threes involve three different races. A trifecta, on the other hand, involves one race and three different horses. When betting on the trifecta, you are pick three particular horses to win, place, and show, and you are picking the exact order these horses are going to finish.
Exotic Horse Racing Pick Bets
When you hear the term “exotic bet”, this may evoke a number of thoughts and memories. The most basic thought in your head should be that exotic bets tend to be long shots. The Pick 3 wager is a outside shot, though not nearly as much of a long shot as other wagers on the docket.