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Pick 3 Betting Strategy 2024

Publish Date:17/03/2020
Fact checked by: Mike McKean

Pick 3 Betting System Explained

Pick 3 bets, involve correctly predicting the winners of three horse races and are one of the most popular bet types placed at racetracks and with online bookies. And why wouldn’t they be? After all, they give you a chance to cash in on a sizable payout for a relatively small investment.

An effective pick 3 betting strategy involves selecting more than one horse per race, which might seem a little confusing at first. However, by reading this guide you'll have pick 3 betting explained to you and find out how you can make your pick 3 betting system more profitable.

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Key Takeaways

  • Pick 3 winnings are based on a prize pool
  • The pick 3 betting strategy is easy to understand
  • Pick 3 bets have low minimum stake values
  • A robust pick 3 betting strategy increases your chances of making a profit

Strategies for Pick 3 Betting Explained

As any serious bettor will confirm, you need to understand and make use of the best horse betting strategies to maximize your chances of long term success. You also need to take a calculated approach that is devoid of bias. Strict bankroll management and thorough analysis play huge roles in any successful betting strategy, so you must pick your wagers wisely and aim to find the right balance between risk and reward.

Combinations

Pick 3 Online bettingA pick 3 bet is essentially a type of parlay bet in which you must pick the winners of three horse races on a single ticket. This is the cornerstone of the pick 3 betting strategy. One of your selections for each of the three races must be correct for the bet to pay out. The most common pick 3 betting system involves making multiple selections for each race and covering the maximum number of combinations across a series of tickets. For example, if you select four horses from each of the three races, you have a total of 64 different horse combinations and 64 chances of winning.

Narrow the Field of Candidates

Naturally, you might find the cost of covering 64 combinations prohibitive. To deal with this conundrum, you can reduce the number of horses you select for one of the three races. A common ploy is to only select the favourite for one of the races. By doing that, you are reducing the number of combinations to 16 and considerably reducing the cost of placing the bet.

As you can see, there are many variations on that theme which will still give you plenty of potential winning combinations, but lower the overall cost of your Pick 3 bet.  However, if you think that 64 is the right number, you can always lower your stake per horse.

Avoid Picking Too Many Favourites

Pick 3 Betting strategyThere a few reasons why pick 3 punters should not rely on only selecting favourites. Although it might seem a logical approach, it’s often counterproductive. Firstly, the odds for favourites are so low that it's barely worth the cost of your Pick 3 bet. Secondly, when three favourites win, it inevitably results in more winners splitting the prize pool, which equates to a smaller payout for you. Favourites do not always win either, so a sharp Pick 3 punter will almost always add some better value selections to the wager. It’s a matter of striking a healthy balance between risk and reward.

Examine the Statistics

Just as a well-rounded tennis betting strategy involves interpreting key statistics, so does betting on horses. There are many things that savvy horse bettors look at including:

  • Previous form of the horse
  • Jockey statistics
  • Handicapping
  • Win percentage as a favourite
  • Track surface and going

Closely examining statistics and other factors give you much better insight into the value of your bet. Diligent handicapping doesn’t just help identify value and strong bets, it also helps root out unfavorable propositions. When you think you’ve looked at a horse race from every angle, look again. This attention to detail leads to making informed wagers that have a better chance of paying off. As a matter of interest, if you explore how to bet on golf at any point, you'll see that a similar type of bet exists, where it's known as a Three Ball bet, the point being that it also requires the same knowledge and attention to detail as pick 3 betting.

The importance of detail cannot be stressed enough. It is the most crucial component of any effective betting strategy. Whether you are honing your over under betting strategy or grinding it out with a 1.01 betting strategy, you need to use your bankroll wisely.

There are countless veteran horse racing bettors who make pick 3 wagering a regular part of their routine, but pick 3 betting is also ideal for beginners and casual punters too. You can play a pick 3 for minimal stakes and still win a satisfying amount of money. As it's such a popular way of betting, pick 3 prize pools can get quite big and the fewer correct predictions that are made, the bigger your payout becomes.

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Other Betting Guides and Resources

This pick 3 betting explained guide should answer a lot of basic questions. But pick 3 betting is just one of the many bet types offered at racetracks and online sportsbooks. There are dozens of different bet types and strategies out there and each has its own features and benefits.

You can also learn about the matched betting strategy or find out whether it's possible to guarantee a profit through arbitrage betting. There are even informative sport-specific guides on tennis in play strategy and cricket betting strategy along with many others. They're all available to read at Betting.co.uk and we hope you'll pay us a visit soon.

Conclusion

There are many reasons why pick 3 bets are so popular. Aside from being fun and easy to understand, pick 3 bets have the potential to return a significant profit for a minimal risk when applied correctly. Additionally, pick 3 prize pools can have big payouts, especially when only a few people have made the right picks.

Unfortunately, there's no way to guarantee making a profit from betting. That said, a betting strategy when implemented correctly will give you the best chance of making money and you'll also have a lot of fun whilst using it.

Check out more betting strategies that work:

Value betting Value betting is a strategy where bets are placed on outcomes with odds higher than the estimated probability of occurrence, aiming for long-term profitability.
In-play betting In-play betting involves placing bets on a sports event while it is already underway, allowing bettors to react to changing circumstances and potentially find advantageous opportunities.
Matched betting Matched betting is a technique that takes advantage of free bets and promotions from bookmakers to guarantee profit by placing opposing bets on all possible outcomes of an event.
Over-under betting strategy The over-under betting strategy involves predicting whether the total combined score of a game or event will be higher (over) or lower (under) than a specific value set by the bookmaker.
1.01 betting strategy The 1.01 betting strategy involves placing very high-stake bets on outcomes with extremely low odds (close to 1.01) in an attempt to achieve minimal but relatively guaranteed profits, often in arbitrage situations.
Pick 3 bets The Pick 3 betting system involves selecting the winners of three consecutive horse races, typically requiring bettors to correctly predict all three outcomes to win.
In-play tennis betting The in-play tennis betting system involves placing bets on various outcomes of a tennis match while the game is in progress, utilizing real-time information and fluctuations in odds to make informed wagering decisions.

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Pick 3 Betting Strategy FAQ

🤔 How does pick 3 betting work?

Like all the best betting strategies in the UK, pick 3 betting requires patience and understanding – as well as plenty of practice. In order to make accurate predictions when placing your bets, you’ll need to fully understand how pick 3 betting works and what bet combinations are most likely to fall in your favour. This will vary on a case-by-case basis, but our guide to pick 3 betting explains the general rules you must follow.

🎲 What is the best pick 3 betting strategy?

Even with high odds, trying to correctly predict the winners of horse races isn’t easy. There’s a lot to learn about pick 3 betting and it’s important to fully understand the best betting strategies to avoid your pick 3 bets failing to make you a profit. Betting.co.uk’s comprehensive guide to the pick 3 betting system explains the best pick 3 betting strategies people are using right now in the UK. Check it out today.

🏇What other horse betting strategies are like pick 3 betting?

Betting strategies are hugely important if you want to get the absolute most out of placing bets with the best bookmakers in the UK. Here at Betting.co.uk, we keep our invaluable betting advice on pick 3 betting and other horse betting strategies regularly updated to help bettors all across the country to better understand complex betting technique. Visit our site today to discover the hottest betting strategies.

💸 What combinations of pick 3 betting can I do?

Pick 3 bets require placing parlay combinations of bets in order to better predict the outcomes of horse racing. Naturally, choosing the right combinations is absolutely vital if you want to get the most out of your horse betting experience. It’s similarly important to compare the best betting sites in the UK very closely to ensure you are taking advantage of using a bookmaker with the best odds and bonuses.

❤️ What happens if I pick too many favourites with pick 3 bets?

The secret to pick 3 betting is often to single out clear favourites. To do that you need a decent bookmaker with best odds, preferably one that has trackside experience. The problem is that  selecting favourites is not always the best choice for pick 3 betting. If you want to know more, our guide to pick 3 betting will help you master this popular betting technique.

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