When it comes to handicapping a race, some bettors might have a strong idea of the position in which a particular horse will finish and general idea of the other horses that might compete for the win. When reasonably certain a horse might finish second and one or two others will be competing to win, a bettor can place a wager on the “wheel” and bet the one horse will finish second while two others will finish in the top three in no particular order. The bettor also might want to wager that a specific horse will finish first and that another horse will finish in either second or third place. If that occurs, the bettor wins with relatively high odds for the payout. The wheel comes in very handy when betting a trifecta wheel in which the favored horse is picked to win and two others are chosen to simply finish in second or third.