Tricast Bet (or Trifecta) Definition. Example. A tricast is commonly used in horse and greyhound racing and refers to a punter selecting three horses or greyhounds to win 1st, 2nd and 3rd place.There are two types of tricast bets.xample. A tricast is commonly used in horse and greyhound racing and refers to a punter selecting three horses or greyhounds to win 1st, 2nd and 3rd place.
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