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In American and Australian horse racing terminology, a trifecta is a parimutuel bet in which the bettor must predict which horses will finish first, second, and third in exact order. The word comes from the related betting term, perfecta. A trifecta is known as a tricast in the United Kingdom, as a tiercé in Hong Kong, as a tiercé (or trio ordré) in France, as a tris in Italy and a triactor in English Canada.
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Trifecta boxes
A "boxed" trifecta is where any option in a wager can be correct and the player bets the spread. These are effectively betting on every possible outcome of the three contenders and is calculated.
Other uses
The word trifecta is also used to describe a situation when three elements come together at the same time.
References
Trifecta Wikipedia(Text) CC BY-SA