Sports Betting Expert
Last Updated on 09/09/2022
Fact checked by: Melissa Roy
So what is a pick 3 betting strategy? In this guide, we’ll be exploring how this popular betting strategy works, and how you can successfully incorporate it into your next bets.
We’ll even share our top recommended providers as well as discuss their popular bonuses – such as the fantastic Betway betting bonus that you can currently pick up.
Whilst the pick 3 strategies in Canada sound deceptively simple, they can be difficult to get right. Correctly picking the winner in horse race can be tricky, so accurately selecting three winners, in three separate races, is much more of a challenge with a pick 3 betting strategy!
However, with increased risk comes increased reward, and a successful pick 3 betting strategy in Canada you could net you a significant profit. In fact, it’s not unusual for people to win thousands of dollars when their pick 3 strategies in Canada are successful. Although your potential winnings will depend on the odds you take, a pick 3 horse bet in Canada can offer big returns, even from relatively modest bets.
Accurately predicting three horses to win three specific races is obviously a difficult task, but a pick 3 horse bet in Canada actually allows you to choose more than three horses, if you choose to. Instead of choosing just one horse in each race, you could select two or three, or even more with your pick 3 betting strategy.
When you select more than one horse per race, it increases your chances of making a successful prediction, and it could, therefore, give you a better chance of winning. However, the cost of your bet will increase in accordance with the number of horses you back, so the more selections you make with your pick 3 betting strategy, the more you’ll need to put down as your bet.
If you’re still wondering, what is a pick 3 in horse racing in Canada, some examples may help you to understand how this type of betting strategy works. When using a pick 3 betting strategy in Canada, firstly you’ll need to select the races you want to bet on.
You imagine that choosing the favorite in each race will give you the best chance of winning your pick 3 horse bet in Canada, but this isn’t always the most sensitive risk to take. When you bet on a favorite, you typically get very short odds. As a result, your potential winnings are reduced with the pick 3 betting strategy.
Whilst choosing three favorites in a pick 3 horse racing bet could, technically, give you the best chance of winning the bet, you may not stand to actually make very much. In fact, a pick 3 bet which relies on heavy favorites may not bring in much more than your original stake.
If you don’t rely on the favorites to choose your pick 3 contenders, how else can you increase your chances of successfully winning the bet? Many gamblers choose to pick more than one horse per race, as this can be an effective way to increase their chances of winning. As one of the most popular pick 3 strategies in Canada, this can be a useful way to give yourself a better chance of getting a return, regardless of whether you’re betting on the Derby, Royal Ascot or your local track.
When it comes to pick 3 winning strategies in Canada, however, you’ll need to ensure the cost of your bet doesn’t spiral. If you were to choose three horses in all three races, for example, your original stake would increase significantly. In order to prevent this from happening, many gamblers use a slightly adapted pick 3 betting strategy in Canada.
How many horses you choose to back in your pick 3 betting strategy is completely up to you, but keep a watchful eye on your stake. If you rate four horses in the first race, five in the second and four in the third, for example, you could use this combination to formulate your horse racing pick 3 betting strategy in Canada.
However, even placing $ 1 bets would turn into a fairly expensive bet if you choose so many horses in each race. To determine your stake in this scenario, you would multiply the number of horses you’re choosing to bet on. So, if you select four horses in the first race, followed by five in the second and another four in the third, you’d need to multiple four by five by four in order to determine your actual stake. In this example, a $ 1 bet on each horse would equate to an $ 80 stake for your pick 3 betting strategy.
Although a large stake, such as the one in the example above, you could net a big return, it is quite a significant amount to lay out. In order to reduce the cost of your bet, there are additional pick 3 winning strategies in Canada you can employ.
By identifying a heavy favorite in one race, you could reduce the cost of your bet by a considerable amount, for example. Rather than selecting five horses in your second race, you could just choose the heavy winner instead, which would make your pick 3 bet as follows: four horses in the first race, followed by one in the second race and four in the third race.Whilst selecting the favorite in the second race may give you slightly shorter odds, it would reduce the cost of your bet in your pick 3 betting strategy to just $ 16, which is a more affordable prospect for many gamblers.
Reducing your stake from $ 80 to $ 16 makes the bet more affordable, but it does reduce your chances of winning. However, with pick 3 strategies in Canada, you can find budget-friendly ways to increase your betting coverage.
Having made your selection of four horses in the first race, five in the second and four in the third, you could add extra tickets to your bet, so that your winnings will be increased if you’re successful. If you choose just one horse in the second race, for example, you could use this selection, along with your top two picks in both other races, to create the following bet: two horses in the first race, one in the second and two in the third.
As this addition would only cost $ 4, based on a calculation of the number of horses you’ve chosen, (2 x 1 x 2), it’s a simple way of covering more combinations in your pick 3 betting strategy for relatively little cost.
When you select more than one horse per race for your pick 3 horse bet in Canada, you’re effectively betting on a series of combinations. With four horses selected in the first race, five in the second and four in the third, you’re covering 13 horses in total, and they can win in any combination.
For example, if your top pick in the first race wins, combined with your fifth pick in the second and your second pick in the third, would equate to a winning pick 3 horse bet in Canada. Similarly, if your third pick wins the first race, your first pick wins the second race and your fourth pick wins the third race, the overall bet result for your pick 3 betting strategy would be a win too.
Although the actual horse that wins may affect the amount you win, due to the odds involved, as long as any combination of your selected horses win, your pick 3 horse racing bet has been successful.
It follows, therefore, that the more combinations you can cover in your pick 3 betting strategy, the more likelihood there is of you winning. However, you want to increase combinations without dramatically increasing your stake. Whilst a combination of four horses, five horses and four horses, in three consecutive races, would give you a variety of combinations, the $ 80 stake means you’d need to get a return of at least $ 81 to make any profit at all, and that’s quite a big risk to take.
With extra tickets, however, you can increase the number of combinations you’re betting on, without having to increase your stake of your pick 3 betting strategy by a significant amount.
So, we’ve already established that reducing a four horse, five horse, four horse pick 3 bet to a four horse, one horse, four horse pick 3, would reduce your stake from $ 80 to $ 16. In addition to this, we’ve seen how you could increase the combinations you’re covering by selecting your top two picks in the first and third races, along with your single pick in the second, for only $ 4 extra.
Of course, relying on just one horse in the second race means that you will lose your pick 3 horse bet if that particular horse fails to win in your pick 3 betting strategy. If it’s not a heavy favorite or you’re not convinced it’s got the best chance, you may want to use pick 3 winning strategies in Canada to create a backup plan.
To mitigate the risk of your single horse losing the second race, you could place an extra bet in your pick 3 betting strategy, choosing two different horses from the second race and combining them with your top two picks in the first and third races.
If the single horse you originally selected in the second race doesn’t win, you’d lose the original pick 3 bet, but your back up plan could come into action. If either of the horses you picked for the second race in your back up wins, along with either of your top two picks in the first and third races, you would win that bet.
With the backup bet relying on a selection of two horses in each of the three races, it would only cost you an additional $ 8 to place the backup bet, which could help to mitigate potential losses.
By using extra tickets to increase the number of combinations you’re betting on, you could successfully use pick 3 strategies to increase your chances of winning. For an alternative option, however, you could choose to use a slightly different pick 3 betting strategy in Canada.
A selection of three horses in each of the three races would cost you $ 27, assuming you place $ 1 bets, and any combination of these selections winning would ensure that your bet is successful. If you’re convinced that your top picks are likely to win, however, you could spend the same amount but place your bet slightly differently.
An alternative horse racing pick 3 betting strategy in Canada would involve placing three separate bets, rather than one 3 x 3 x 3 pick 3 bet, as highlighted above. Instead of simply choosing three horses in each of the three races, you would select just one horse in the first race, followed by three in the second and three the third, costing $ 9.
Your second bet would involve a selection of three in the first, your one top pick in the second, and three in the third race, also costing $ 9. Finally, your third bet would be three horses in the first race, three horses in the second and your one top pick in the third race, with a stake of $ 9.
When you place these three bets, your total outlay is $ 27, which is the same stake as a three horse pick in each race. However, the second horse racing pick 3 strategy in Canada could bring you more winnings, providing you’ve made the right selection.
With the above example, placing three separate bets would result in a higher return if your predictions are correct, even when compared to the three horses in three races pick 3 bet outlined above. Whilst both bets would cost you $ 27, placing three different bets would give you a chance of increasing your winnings, without adding anything to your stake.
However, placing three different bets in this scenario, as opposed to placing one pick three bet, is riskier. For your horse racing pick 3 strategy in Canada to work in this instance, you will need at least one of your top choices to win in order to get any return at all.
Whilst many gamblers are happy to increase the level of risk in order to maximize their potential returns, this may not be the type of strategy you want to employ. If you believe your top picks are going to come in, placing separate bets is a good way to boost the number of winnings you’d receive, but if none of your top picks come in, you would lose all three bets.
If this seems too risky for you, opting for a combination of three horses in the first, second and third races would still keep your stake to just $ 27, but you’d have a wider range of combinations to rely on. However, if you were to win with this type of pick 3 bet, your winnings may be less than a successful win using three separate pick 3 bets.
A pick 3 betting strategy is one of the most popular horse racing betting systems, and it’s easy to see why. Applicable to all horse races, the myriad of combinations available means you can modify the level of risk involved and keep your stage to a manageable amount.