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A pick six is an advanced form of accumulator bet in which the bettor is attempting to back the winning horse in six specific races. Although it would be possible to place a pick six bet as a standard accumulator, most bets of this kind are paid out of a single pot made up of all the money wagered on the pick 6. If nobody manages to win the bet (which is not uncommon), then the pool will roll over to the next pick 6 set of races.
The chances of picking the winning horse in six individual races is relatively slim, so bettors tempted by a pick 6 might bolster their chances by backing more than one horse in each race. If just one horse per race is chosen, and the first horse fails to win, then the rest of the bet instantly becomes void, something which would be even more frustrating if the other five selections do manage to come in first. To counter this, many bettors opt to place more than one bet in several of the races, concentrating on the clear favourites as their single picks and backing more horses when the field of a race is more evenly balanced. A system of this kind requires more money to bet, of course, and the appeal of standard pick 6 bets is that they offer the chance of substantial winnings in return for only a very small initial stake. In essence a pick 6 bet can be approached in one of two ways – for the casual gambler it is akin to playing the lottery, but the more experienced sports bettor might approach it by making an in-depth study of form and conditions and using their knowledge to make multiple choices, or by joining forces and betting as a syndicate able to bank roll a range of choices.