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pick 3 horse racing payout

Pick 3 Bet

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
  • Rolling Pick 3 Bets
  • Example Of A Pick 3 Horse Racing Bet
  • Pick 3 and Trifecta Bets
  • Exotic Horse Racing Pick Bets

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.

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

Horse Racing Betting Types – Pick 3 and Pick 4

On a PICK 3 bet you select the winning horse in three consecutive races. This is usually offered on the first and last 3 races of the day, although some tracks may offer this bet on any three consecutive races.

A PICK 4 wager is exactly the same as a Pick 3 except you have to select the winner of four consecutive races.

Types of Horse Racing Bets

Pick 3 and Pick 4 Part Wheel

The pick 3 or 4 part wheel bet is favorite play 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 or 4 bet, and frequently they will pay considerably more than the comparable amount of money bet in a 3 or 4 race parlay.

To increase the probability of winning a pick 3 or 4you 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.

PK3 and PK4 Grading and Payout Rules

All PK3 and PK4 tickets are paid out based on the official race results as published by the host track at which the race was run.

If there is a scratched horse in any PK3 or PK4 selection wagers will be refunded.

No consolation payouts as we do not recognize any 3 out of 4 special Pick 4 track payouts.

Pick 3’s and 4’s Strategy

PK3’s AND PK4’S are the wagers that are fun and also take a while before you find out whether you win or lose since these races consist of more than one race. Unless you get knocked out in the first leg, then it is not much fun.

Pick 3

You may add as many horses in each race as you think is needed to win your wager. Remember, the more horses, the more expensive the bet. Some wagers will cost more then the actual payout. What do you mean? If all the favorite horses happen to win the payout will be small. Meaning if you took 5 horses in first leg, 2 horses in the second leg, and 5 horses in the third leg. This ticket would cost $50.00 for a $1.00 ticket. The payoff for a $1.00 Win 3 could be $18.00 you end up winning, but lose $32.00.

Pick 3. Make a pick 3 bet on horse racing by picking the winning race horse of 3 consecutive races.