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What Are Daily Double, Pick 3, Pick 4, Pick 5, and Pick 6 Bets?

Learn how to place multi-race bets like the Daily Double and Pick 6 — and why they offer huge payout potential at MyWinners.

Rob Lawson avatar
Written by Rob Lawson
Updated over a month ago

If you’ve ever wanted to stretch your horse racing bet across multiple races — and chase a life-changing payday — then multi-race bets like the Daily Double, Pick 3, Pick 4, Pick 5, and Pick 6 are for you. These wagers reward consistency and skill by challenging you to predict the winners of several consecutive races. Available daily on MyWinners and at Winners venues, they’re some of the most exciting bets in US horse racing.


What are multi-race bets in horse racing?

Multi-race bets require you to pick the winner of two or more races in a row:

  • Daily Double – Pick the winner of two consecutive races

  • Pick 3 – Pick winners of three consecutive races

  • Pick 4 – Four races

  • Pick 5 – Five races

  • Pick 6 – The ultimate test — six winners in a row

Each of these bets must be placed before the first race in the sequence. No changes or substitutions once the first race starts.


Where did multi-race bets come from?

The Daily Double was the original multi-race bet, first introduced in the 1930s as a novelty. It became so popular that additional “Pick” sequences were created, each offering bigger pools, longer odds, and greater excitement. The Pick 6 quickly became legendary for its enormous carryovers and life-changing jackpots.


Why do bettors love Daily Double and Pick wagers?

  • Massive payout potential — especially Pick 5s and Pick 6s

  • Carryovers — unhit pools roll into the next race day

  • Low base wagers — often just 50¢ or $1

  • Strategic edge — lets smart bettors capitalise on form, bias, and overlays

  • Excitement builds — you're involved in the card for longer

They’re especially popular during major race days like the Breeders’ Cup or Triple Crown weekends, when fields are deep and payouts are huge.


What types of races support multi-race betting?

These bets are offered at nearly all pari-mutuel tracks on:

  • Thoroughbred racing

  • Harness racing

  • Quarter Horse racing

  • Greyhound racing

While Pick 3 and Pick 4 options are common on everyday race cards, Pick 5 and Pick 6 pools are typically offered once per day — usually during high-quality race sequences


What should bettors know before placing a Pick bet?

  • Your ticket is only valid if all your selections win

  • You can select multiple horses per race (increases cost but improves your chances)

  • If a horse is scratched, the post-time favourite is substituted by default

  • These are pari-mutuel pools, so payouts vary

  • Available only to players in licensed betting states — MyWinners uses geolocation to verify eligibility


💡 Did You Know? In 2018, a bettor hit the Pick 6 at Del Mar on a $2 ticket and walked away with $1.1 million — despite one of their picks winning at odds of 27–1. That’s the power of longshots in a deep sequence.


Frequently Asked Questions

How much does a Pick 4 ticket cost?

A basic $1 Pick 4 with one horse per race costs $1. But if you select two horses per race, it becomes 2×2×2×2 = 16 combinations = $16 total.

Can I play a 50¢ Pick 5 or Pick 6?

Yes — many tracks allow 50¢ base wagers, which helps keep multi-horse tickets affordable while maintaining payout potential.

What happens if a horse I pick is scratched?

Your pick is replaced by the post-time favourite unless you’ve selected more than one horse in that race.

Can I place these bets on greyhound races?

Yes, you can place Pick bets on all greyhoud races.

Is it better to play more combinations or fewer races?

It depends on your budget. Wider coverage (more horses per leg) increases your chance of winning but raises your total cost. Many bettors focus on Pick 3 and Pick 4 for a balance of risk and reward.

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