Treble Bet in Horse Racing Explained
In this article, we explain to our readers what a treble bet in horse racing is, how treble betting works in horse racing and how to place a racing treble. We show you different types of treble betting you can use to mitigate potential losses. Finally, we illustrate treble betting in horse racing with examples.
How Does Treble Betting Work in Horse Racing?
Treble betting requires you to place a bet on three separate events. You can also choose to make the 3-legged multi-wager each-way bet. Punters in horse racing like treble betting as the odds get multiplied resulting in a much bigger return.
For instance, if you back runners at 3/1, 5/1 and 7/1 separately at ₹10 each, you will earn a total return of ₹180 from a stake of ₹30. But in a treble bet, you win a return of ₹40 on the first bet which becomes a stake for the second one. You win ₹240 on the second which becomes a stake for the third bet that in turn wins you a total return of ₹1920. Thus, your returns multiply as your selected runners win. However, if any selection fails to win, you lose the whole bet.
High Risk and High Returns
Making individual (unconnected) bets on the three outcomes will help cover losses if any one of the bets fails to deliver. But you will lose the whole stake in a treble bet if even one leg fails. Thus, treble betting will involve three times the risk but can fetch huge returns if you win.
How to Place a Racing Treble?
There are ways in which you can reduce the risk in a treble bet.
Each-Way Treble Betting
For instance, you can make an each-way treble bet. If one of your horses finishes in a place (2nd or 3rd), you can still get a fraction of the odds, even though all your backed horses did not win. Thus, in each-way treble betting, you would be combining two treble bets. The first treble bet would be to back all three runners to win. In the second, you would back the runners to place. If you want to ensure that you don’t lose any money, the place price should not be higher than 1/1. In other words, the win price should not be less than 4/1 or 5/1 for the each-way treble to cover against any loss.
Patent Treble Betting
You can also consider another type of treble betting known as the patent. It is a seven-in-one combination of bets on your three selected runners, consisting of the treble, three individual bets and three doubles, namely XY, YZ and ZX, assuming that X, Y and Z are the three runners. Such bet will ensure that you make a profit even if one leg of the combination fails. For three of the seven wagers to be successful, you would need at least two horses to win.
A patent of ₹10 would involve a total stake of ₹70. In the above example of runners, X, Y and Z, we assume that the respective odds offered on the three horses are 2/1, 4/1 and 6/1. Then you could earn a return of ₹1910 if all the horses won. You could make your chances of winning even better by going each-way on a patent. But the stake would double to ₹140. As in the case of an each-way treble, the place price of each runner must be even money if you want to ensure that you don’t lose any money, provided all three horses finish amongst the top three.
Points to remember
In treble betting, you place bets on three separate races, not on three runners simultaneously.
If you win a treble bet, you’ll be on top of the world after having called three legs of a wager correctly. But never neglect the margin of error. You could end up calling two legs correctly and lose in a photo finish in the third one. That’s why you must consider one of the alternative wagers.
You don’t have to confine treble betting to horse racing. You can apply the betting mode to any sport that a bookmaker is willing to accept your wager on. However, not every sport allows each-way betting.
Horse Racing Treble Bet Example
We are going to show you the compounded returns you can win in a treble bet in horse racing with a simple example.
Assume that you have chosen 3 horses in 3 separate races. Horse 1 attracts winning odds of 2/1, while the odds offered on horse 2 are 4/1 and the odds quoted on horse 3 are 6/1.
Consider the following chart in which we illustrate how much you can win by betting individually on the three horses. We bet a stake of ₹10 on each horse to win.
|Selection||Odds||Amount Staked||Profit||Total Return|
As you can see in the chart above, we have assumed that all the selections won and on a total stake of ₹30, we earned a yield of ₹150 or a profit of ₹120.
Instead, if we placed a treble bet of ₹30 on the combination of outcomes, the following chart shows how much we would earn:
|Selection||Odds||Amount staked||Profit||Total Return|
The above chart demonstrates how on the same stake of ₹30, you can earn a much higher return of ₹3150 by placing a treble bet instead of individual bets on the three selections. The cumulative effect happens because we add the profit earned on the first selection to the amount staked on the second and so on.