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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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